2026-04-23T14:27:15-05:00 2025-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2024-07-01 464784152 LEAP Innovations LEAP 3128097029 20 W Kinzie Street 1500 Chicago IL 60654 Scott Frauenheim Chief Executive Officer 3128097029 2026-04-23 1 0 Stacy Cullen P00974308 3012316200 2026-04-23 2024 2025-03-06 01:10:19Z Scott Frauenheim 20 W Kinzie Street 1500 Chicago IL 60654 1647757 0 X www.leapinnovations.org X 2013 IL To create equitable, personalized learning experiences for learners to reach their full potential. 8 6 13 11 0 0 332080 827240 145596 820517 2038 -2837 60 0 479774 1644920 0 0 0 0 878715 1143582 0 0 264563 633140 1166790 1511855 2310372 -1032081 -665452 600419 590850 920646 1564018 -320227 -973168 To create equitable, personalized learning experiences for learners to reach their full potential. 0 0 1357197 820517 The new learning model will align the needs, interests and ambitions of each student - with community-based, in-person and digital resources and programs. 1357197 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X Elizabeth Winke 3123324998 20 W Kinzie Street 1500 Chicago IL 60654 Ann Chavez President 40.00 X X 154996 0 7031 Scott Frauenheim Chief Executive Officer 16.00 X X 110000 0 0 Joseph Wise Chair 0.50 X X 0 0 0 Timothy R Schwertfeger Director 0.50 X 0 0 0 Harriet Sietler Director 0.50 X 0 0 0 Helayne Jones Director (Until 1/2025) 0.50 X 0 0 0 Sara Ray Hallman Director (From 11/2024) 0.50 X 0 0 0 Kenneth Wong Director 0.50 X 12000 0 0 David Sundstrom Director 0.50 X 0 0 0 Elizabeth Winke Chief Finance Officer 40.00 X 55000 0 0 Susan Holmes Sr Exec Dir, Modern Learning Network 40.00 X 111172 0 21750 Silvia Kosovich Sr Manager, Admin & Ops 40.00 X 112091 0 12735 Kathleen E Speth Sr Innovation Partner (Until 7/2024) 40.00 X 100476 0 0 655735 0 41516 5 0 1 0 Phyllis Lockett 10 E Delaware Place Unit 24E Chicago IL 60611 Consulting Services 105000 1 827240 254845 827240 Program Service Fees 900099 820517 820517 820517 2837 -2837 -2837 -2837 1644920 820517 0 -2837 X 394254 233017 122733 38504 609155 360031 189632 59492 75 44 24 7 53122 31397 16537 5188 86976 50359 28214 8403 25046 25046 550297 294362 119660 136275 29461 3231 26230 14027 1709 12125 193 64860 42438 18940 3482 55 55 114804 69299 42649 2856 217634 175128 42506 63324 34790 21576 6958 42053 42053 29141 16027 9909 3205 Dues and Subscriptions 8045 3055 4990 Sponsorships 7500 7500 Registration Fees 159 159 384 257 127 2310372 1357197 688612 264563 248652 112282 172367 376777 75688 24865 577 3333 103135 73593 600419 590850 109146 231278 61500 82740 750000 1250000 920646 1564018 X -417594 -1349945 97367 376777 -320227 -973168 600419 590850 -665452 12511 0 X X 0 1 X 1 0 X 3114628 4056775 1061868 332080 827240 9392591 3114628 4056775 1061868 332080 827240 9392591 3955150 5437441 9142 11724 26331 1086 0 48283 82761 313 60 83134 9524008 966113 0.57090 0.64020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1644920 0 1644920 0 1644920 2310372 0 2310372 0 2310372 X X 0 0 0 0 0 0 0 0 0 Ann Chavez President 147965 0 0 0 7031 0 0 0 7031 0 162027 0 0 0 X 2 204957 FMV 0 0 0 0 Form 990, Schedule M, Part I, line 9: The amount in column (b) represents the number of contributions received. Form 990, Part VI, Section A, line 6 The organization has one member, Phyllis Lockett, who is the initial member. The initial member may from time to time designate one or more individuals as her successor or successors, or a series of successors, to serve after the initial member ceases to be a member and may specify the length of time that each successor shall serve. Form 990, Part VI, Section A, line 7b The members shall: (a) have the right, together with the affirmative vote of a majority of the then acting directors of the corporation, to approve an amendment to the articles of incorporation; (b) have the right, together with the affirmative vote of a majority of the then acting directors of the corporation, to adopt and amend these bylaws; (c) have the right to approve (i) any voluntary dissolution of the corporation; (ii) any merger or consolidation of the corporation; or (iii) any sale, lease, exchange, or other disposition of all, or substantially all, the property and assets of the corporation if not made in the usual and regular course of the conduct of the affairs of the corporation; and (d) have the right to approve all matters pertaining to the affairs of the corporation on which a vote of the members is required by the not for profit corporation act, the articles of incorporation, or these bylaws, or is otherwise deemed desirable by the board of directors. Each member shall be entitled to one vote on all matters submitted to a vote of the members. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the board. Form 990, Part VI, Section B, line 11b Prior to filing, a draft version of the Form 990 will be reviewed by the board following management's internal review. Form 990, Part VI, Section B, line 12c A conflict of interest policy questionnaire is annually distributed and completed. The board discusses all conflicts of interest that arise, including potential conflicts with new board members. Conflicts of interest would be dealt with by the board on a case by case basis at the time that they arise. Form 990, Part VI, Section B, line 15a The process for determining the compensation of the organization's executive director was performed by independent board members and included a compensation survey with the deliberation and decision documented in the board minutes. There were no other compensated officers as of the fiscal year end. Key employee compensation is determined by the executive director. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 278,462. Management and general expenses 115,503. Fundraising expenses 136,275. Total expenses 530,240. Honorarium: Program service expenses 15,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,900. Contractual Services Fees: Program service expenses 0. Management and general expenses 4,157. Fundraising expenses 0. Total expenses 4,157. Form 990, Part XII, Line 2c: There were no changes to the organization's selection or oversight processes during the year.