2025-04-10T12:02:32-05:00 2024-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-07-01 510591204 NJ LEEP Inc % PATRICK FINN FINANCIAL GROUP NJLE 9732971555 12 Lombardy Street Suite 303 Newark NJ 07102 Matthew Feinstein President 9732971555 2025-02-28 true true Brad Caruso P01249134 7328281614 2023 2025-03-06 01:10:19Z Matthew Feinstein 12 Lombardy Street303 Newark NJ 07102 4420712 false X www.NJLEEP.ORG X 2006 NJ A college access and success program serving low income and first-generation students in the greater newark area, empowering them with academic and skills to succeed in college. 18 18 55 245 0 2619543 4342937 0 0 28796 62356 -39521 -64072 2608818 4341221 63544 63867 0 0 1955824 1974883 0 0 420762 937320 715565 2956688 2754315 -347870 1586906 6435814 7819783 3375160 3081135 3060654 4738648 X NJ LEEP IS A COLLEGE ACCESS AND SUCCESS PROGRAM SERVING LOW-INCOME AND FIRST-GENERATION STUDENTS IN THE GREATER NEWARK AREA. OUR COLLEGE BOUND PROGRAM EMPOWERS STUDENTS WITH THE ACADEMIC AND SOCIAL-EMOTIONAL SKILLS TO SUCCEED IN COLLEGE AND BEYOND, THROUGH INTSENSIVE AFTER-SCHOOL, SATURDAY, AND SUMMER PROGRAMMING. false false 1901536 63867 NJ LEEP SERVES STUDENTS IN GRADES 6-12, ALUMNI THROUGHOUT THE COUNTRY, AND FAMILY MEMBERS. MOST OF OUR STUDENTS COME FROM LOW TO MODERATE-INCOME BACKGROUNDS AND POSSESS MULTIPLE RISK FACTORS TO COLLEGE MATRICULATION AND PERSISTENCE. SINCE OUR FIRST GRADUATING CLASS OF 2011, 100% OF OUR PROGRAM GRADUATES HAVE GRADUATED FROM HIGH SCHOOL AND ENROLLED IN COLLEGE, MANY IN HIGHLY SELECTIVE COLLEGES, SUCH AS AMHERST, GEORGETOWN, PRINCETON, RUTGERS, SMITH AND THE UNIVERSITY OF CHICAGO. IN COMPARISON, RESEARCH SHOWS THAT SINCE 2011, THE COLLEGE SCHOOL GRADUATION RATE FROM STUDENTS IN NEWARK PUBLIC SCHOOLS IS 23%. WE ALSO MEASURE THE COLLEGE PERSISTENCE RATE OF OUR GRADUATES: OVER 73% GRADUATED FROM COLLEGE. 1901536 true true false false false false false false false false true false false true true true true false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 19 0 true 55 true false false false false false true true false false false false false false X 18 18 true false false false false false false true true false false true true true true true true true false false NJ X X PATRICK FINN FINANCIAL GROUP 9085470127 20 HEATHER LANE watchung NJ 07069 Matthew Feinstein Executive Director 40.0 0.0 X 181298 0 14629 Caryn Tomljanovich Director of Development 40.0 0.0 X 129303 0 16584 Ana Dopazo Director of Programs 40.0 0.0 X 120447 0 13280 Meghan Howard-Noveck Director of Operations 40.0 0.0 X 116878 0 13054 Sergio Seijas Director of Students 40.0 0.0 X 101276 0 12662 Zenola Harper Chair 2.0 0.0 X X 0 0 0 Solangel Maldonado Vice-Chair 2.0 0.0 X X 0 0 0 Casey Kobi Secretary 2.0 0.0 X X 0 0 0 Zachary Surak Treasurer 2.0 0.0 X X 0 0 0 Nyron Latif Vice-Chair for Strategic Devel 2.0 0.0 X X 0 0 0 Lynne Anne Anderson Trustee 1.0 0.0 X 0 0 0 Tara Favors Trustee 1.0 0.0 X 0 0 0 Jeffrey S Isaacs TRUSTEE - RESIGNED 11/2023 1.0 0.0 X 0 0 0 Galit Kierkut Trustee 1.0 0.0 X 0 0 0 Marc Larkins Trustee 1.0 0.0 X 0 0 0 Ameet Mallik Trustee - EFF. 10/23 1.0 0.0 X 0 0 0 Maria G Master Trustee 1.0 0.0 X 0 0 0 Ndjuoh MehChu Trustee - EFF. 10/23 1.0 0.0 X 0 0 0 Katherine Mendoza Trustee 1.0 0.0 X 0 0 0 David W Pollak Trustee 1.0 0.0 X 0 0 0 Suzie Scanlon Rabinowitz Trustee 1.0 0.0 X 0 0 0 Ayanna Taylor Trustee 1.0 0.0 X 0 0 0 Jerry Webman Trustee 1.0 0.0 X 0 0 0 Elana Wilf Tanzman Trustee 1.0 0.0 X 0 0 0 649202 0 70209 5 false true false 0 892790 3450147 12791 4342937 0 62356 0 62356 0 0 0 0 0 0 15419 892790 79491 -64072 0 -64072 0 0 0 0 0 0 0 4341221 0 -1716 0 63867 63867 0 0 205421 47185 104374 53862 0 1424822 1096548 136558 191716 27244 19123 2647 5474 147441 96092 20765 30584 169955 116218 23703 30034 0 800 800 54825 54825 0 0 0 42087 39766 1105 1216 0 24490 20125 3144 1221 57233 33683 2695 20855 0 403031 263864 68781 70386 35411 33178 46 2187 0 14280 8888 3056 2336 0 0 23679 15893 3631 4155 38435 25812 5887 6736 STUDENT EVENTS 21294 21294 2754315 1901536 432017 420762 2019542 1083580 0 2642000 390301 254434 0 0 0 0 0 0 0 0 0 0 34353 49529 143326 53099 113905 90227 803054 915085 0 0 0 0 0 0 3074659 2784928 6435814 7819783 228962 222197 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3146198 2858938 3375160 3081135 X 2477805 4443148 582849 295500 3060654 4738648 6435814 7819783 1586906 91088 X false true X true false X 1674700 1874447 2222351 2619543 4342937 12733978 0 0 1674700 1874447 2222351 2619543 4342937 12733978 492884 12241094 13605 19769 19238 28796 62317 143725 0 0 12877703 0.95056 0.94750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32787 3442 29345 110539 49657 60882 90227 RIGHT OF USE ASSETS 2606225 SECURITY DEPOSIT 178703 2784928 0 LEASE LIABILITY 2858938 2858938 X 4713163 91088 360345 -79491 371942 4341221 4341221 3194151 360345 79491 439836 2754315 2754315 Part X, LINE 2: INCOME TAXES The Organization is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The Organization has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at June 30, 2024 and 2023.The Organization did not recognize any tax-related interest or penalties during the period presented in these financial statements. Part XI Line 2D, Part XII Line 2d Special event expenses of $79,941 were reclassified from expense net of revenue on form 990. GALA 889004 883870 5134 37017 32189 FALL HARVEST 19205 8920 10285 10285 0 908209 892790 15419 37017 42474 79491 -64072 true Scholarships 58 26460 Stipends 32 34440 Student Assistance 18 2967 Part I, Line 2 1. TRANSPORTATION SCHOLARSHIP: STUDENTS CAN APPLY FOR ASSISTANCE TO GET TO/FROM OUR PROGRAMMING. THEY/THEIR FAMILIES HAVE TO COMPLETE AN APPLICATION TO ASK TO BE CONSIDERED FOR A TRANSPORTATION SCHOLARSHIP. SCHOLARSHIPS ARE THEN AWARDED ON A NEED BASIS, BASED ON FAMILY INCOME AND FAMILY SIZE. SCHOLARSHIPS ARE AWARDED IN THE FORM OF BUS TICKETS (OR OCCASIONALLY TRAIN TICKETS, DEPENDING ON WHERE THE STUDENT LIVES/GOES TO SCHOOL). THESE ARE ALLOCATED BASED ON THE NUMBER OF NJ LEEP CLASSES ATTENDED. TICKETS ARE PURCHASED BY NJ LEEP AND HANDED OUT TO STUDENTS ON A MONTHLY BASIS. 2. SENIOR SCHOLARSHIPS (NJ LEEP): GRADUATING HIGH SCHOOL SENIORS CAN EARN SCHOLARSHIPS BASED ON PERFORMANCE WITHIN NJ LEEP (ASSIGNMENT QUALITY, LEADERSHIP, ETC.). THESE ARE DISTRIBUTED AS CHECKS TO STUDENTS. STUDENTS SIGN FOR THE CHECKS WHEN THEY RECEIVE THEM. MOST CHECKS ARE GIVEN OUT AT SENIOR HONORS NIGHT BUT STUDENTS WHO DO NOT ATTEND RECEIVE THEIR CHECK LATER. 3. SENIOR SCHOLARSHIPS (AMANDA ROSE LAURA): AMANDA ROSE LAURA SCHOLARS ARE SELECTED BY THE GRANTOR. PART OF THE SCHOLARSHIP IS ABLE TO BE USED DURING THEIR SENIOR YEAR FOR COLLEGE EXPLORATION PURPOSES. STUDENTS CAN EITHER MAKE THOSE PURCHASES THEMSELVES AND THEN SUBMIT DOCUMENTATION FOR REIMBURSEMENT BY NJ LEEP, OR CAN ASK NJ LEEP TO DIRECTLY MAKE THE PURCHASE (E.G., TRAIN TICKET OR AIRFARE). THE OTHER PORTION OF THE SCHOLARSHIP IS AWARDED AS A CHECK AT THE END OF SENIOR YEAR. ANY UNUSED COLLEGE EXPLORATION FUNDS ARE ADDED TO THIS END-OF-YEAR CHECK. STUDENTS SIGN FOR THE CHECKS WHEN THEY RECEIVE THEM. MOST CHECKS ARE GIVEN OUT AT SENIOR HONORS NIGHT BUT STUDENTS WHO DO NOT ATTEND RECEIVE THEIR CHECK LATER. IF A STUDENT RECEIVES BOTH AN NJ LEEP SENIOR SCHOLARSHIP AND AN AMANDA ROSE LAURA SCHOLARSHIP, A SINGLE CHECK IS WRITTEN FOR THE TOTAL AMOUNT. 4. WEEK-ON-THE-JOB STIPENDS: RISING 10TH GRADE STUDENTS PARTICIPATE IN MULTIPLE (UP TO 4) ONE-WEEK EXTERNSHIPS OVER THE SUMMER. THEY EARN A STIPEND FOR EACH WEEK THAT THEY PARTICIPATE IN. THE MANAGING DIRECTOR OF DEVELOPMENT COMPILES THE LIST OF STUDENT PLACEMENTS AND CONFIRMS STUDENT ATTENDANCE WITH THE MANAGING DIRECTOR OF STUDENTS. THAT LIST IS THEN PROVIDED TO THE MANAGING DIRECTOR OF OPERATIONS TO ISSUE PAYMENT BY CHECK TO EACH STUDENT. THE MANAGING DIRECTOR OF OPERATIONS DISTRIBUTES THE CHECK TO EACH STUDENT DURING THE FINAL WEEK OF SUMMER PROGRAMMING. FOR ANY STUDENTS WHO ARE NOT PRESENT, THEIR CHECK IS MAILED TO THEIR HOME MAILING ADDRESS (AFTER BEING CONFIRMED BY THE MANAGING DIRECTOR OF STUDENTS). X false false false false false false false false false Matthew Feinstein Executive Director 181298 0 0 0 0 0 5005 0 9624 0 195927 0 0 0 FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY A REPUTABLE CPA FIRM THAT SPECIALIZES IN TAX EXEMPT ORGANIZATIONS. THE 990 IS PREPARED AND IS PROVIDED TO MANAGEMENT. THE DRAFT IS FIRST REVIEWED IN DETAIL BY THE MANAGING DIRECTOR OF OPERATIONS AND THE EXECUTIVE DIRECTOR AND ADVISES THE PREPARER FIRM AS TO ANY NEEDED CHANGES. AFTER ANY NECESSARY CHANGES ARE MADE, A DRAFT IS SENT FOR REVIEW TO THE BOARD AUDIT COMMITTEE, WHICH THEN MEETS TO DISCUSS THE DOCUMENT. AFTER INCORPORATING CHANGES RESULTING FROM THAT REVIEW, COPIES OF THE REVISED DRAFT 990 ARE PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND AN AUTHORIZATION VOTE. FORM 990, PART VI, LINE 12C - CONFLICTS OF INTEREST THE CONFLICT OF INTEREST POLICY IS BASED ON ARTICLE X OF THE BYLAWS OF THE ORGANIZATION, AND THE MODEL POLICY PROMULGATED BY THE INTERNAL REVENUE SERVICE FOR CHARITABLE ORGANIZATIONS AND SHALL BE INTERPRETED IN A MANNER CONSISTENT WITH THAT MODEL POLICY. A COPY OF OUR CONFLICT OF INTEREST POLICY, ALONG WITH A CONFLICT OF INTEREST DISCLOSURE STATEMENT, IS FURNISHED TO EACH DIRECTOR OF THE ORGANIZATION UPON UNDERTAKING THE DUTIES OF SUCH OFFICE, AND ANNUALLY THEREAFTER FOR THE TERM OF SUCH PERSON'S SERVICE TO THE ORGANIZATION. EACH DIRECTOR DISCLOSES ANY CONFLICTS AND SIGNS ACCORDINGLY. ANY CONFLICTS OF DISCUSSED AT THE BOARD OF DIRECTORS LEVEL AND DISCUSSIONS ARE FORMALLY DOCUMENTED IN THE BOARD MINUTES. ANY VOTING MEMBER WHO RECEIVES COMPENSATION IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBERS COMPENSATION. FORM 990, PART VI, LINE 15 - COMPENSATION THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION PROCESS IS CONDUCTED BY THE BOARD. IT STARTS WITH A 360 PERFORMANCE REVIEW PROCESS TO GATHER INPUT ON HIS ACCOMPLISHMENTS, STRENGTHS AND AREAS OF DEVELOPMENT. FROM THERE, THE LEADERSHIP DEVELOPMENT COMMITTEE DETERMINES A RATING RANGING FROM DOES NOT MEET EXPECTATIONS TO EXCEEDS EXPECTATIONS. THE LDC REVIEWS MARKET DATA FOR THE EXECUTIVE DIRECTOR ROLE TO DEVELOP A COMPENSATION RECOMMENDATION. THE RECOMMENDATION IS SHARED WITH THE FULL BOARD FOR DISCUSSION AND A VOTE TO CONFIRM THE NEW BASE SALARY AND BONUS. GENERALLY SPEAKING, IF THE EXECUTIVE DIRECTOR MEETS EXPECTATIONS, THE BONUS IS 90-100% OF TARGET. IF THEY EXCEED, THE BONUS RANGE IS 100-110% OF TARGET. FORM 990, PART VI, LINE 19 - AVAILABILITY OF INFORMATION GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.