Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990 | ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. |
| FORM 990, PAGE 2, PART III, LINE 2 | LEAP, INC. ENTERED INTO A GRANT AGREEMENT WITH THE MICHIGAN STRATEGIC FUND (MSF) EFFECTIVE AUGUST 1, 2013 THROUGH SEPTEMBER 30, 2015 TO SUSTAIN AND ENHANCE THE EXISTING ECONOMIC ENVIRONMENT AND IMPLEMENT COMPONENTS OF ITS REGIONAL INCUBATOR PROGRAM. LEAP, INC. ENTERED INTO A GRANT AGREEMENT WITH THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) TO PARTNER WITH GENERATION E INSTITUTE TO INTRODUCE THE CONCEPT OF ENTREPRENEURSHIP TO STUDENTS IN THE REGION. LEAP, INC. ENTERED INTO A GRANT AGREEMENT WITH THE MEDC TO FACILITATE THE GLOBAL LANSING 'GETTING STARTED' PROGRAM AND EQUIP REGIONAL ORGANIZATIONS AND BUSINESSES WITH THE TOOLS NECESSARY TO CREATE INTERNSHIPS THAT ARE OF VALUE TO THE INTERNATIONAL STUDENTS AS WELL AS EMPLOYERS. LEAP, INC. ENTERED INTO A GRANT AGREEMENT WITH THE MEDC TO DEVELOP ATTRACTION STRATEGIES TARGETED TOWARDS THE INSURANCE AND FINANCIAL SERVICES INDUSTRY. |
| FORM 990, PAGE 2, PART III, LINE 4D | RETENTION/EXPANSION: A) MADE 106 BUSINESS VISITS; B) CREATED 2,105 NEW JOBS; C) TOTAL PRIVATE INVESTMENT OF 466,824,000. MARKETING: DEVELOPMENT OF A BRAND NEW WEBSITE. PLACEMAKING: CONTRACTED WITH REGIONAL COMMUNITIES FOR THE PLACEMENT OF PUBLIC ART THROUGH LEAP'S PUBLIC ART FOR COMMUNITIES GRANT PROGRAM. GENERATION E: A) SECURED A 90,000 GRANT; B) CREATED AND IMPLEMENTED A REGIONAL YOUTH ENTREPRENEURSHIP CURRICULUM WITH THE GENERATION E INSTITUTE. TALENT: A) SECURED A 20,000 GRANT; B) IMPLEMENTED THE GLOBAL LANSING PROGRAM FOR THE PLACEMENT OF INTERNATIONAL STUDENT INTERNS WITH LOCAL COMPANIES; C) PARTNERED WITH CAPITAL AREA MICHIGAN WORKS AND LANSING COMMUNITY COLLEGE ON THE GOVERNOR'S REGIONAL TALENT SUMMIT. LFDA: SECURED A 500,000 GRANT FOR LEAP TO RUN THE LANSING REGIONAL SMARTZONE (LDFA). STEP: SUCCESSFULLY COMPLETED THE STATE TRADE EXPORT PROGRAM INITIATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE CONSISTING OF 7 MEMBERS OF LEAP'S BOARD AND APPROVED BY THE FULL LEAP BOARD PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | UPON HIRING THE PRESIDENT & CEO IN NOVEMBER 2011, A SURVEY OF SIMILAR POSITIONS WAS TAKEN STATE-WIDE FOR CEO'S AT OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MET TOGETHER AND USED THE SURVEY TO ADJUST THE PRESIDENT & CEO'S SALARY. THEIR DECISION WAS DOCUMENTED IN A LETTER THAT WAS SIGNED BY THE BOARD CHAIR ADDRESSED TO THE PRESIDENT & CEO NOTING THE ADJUSTMENT OF SALARY. DURING 2013, THE PRESIDENT & CEO'S SALARY HAD A 1.375% INCREASE EFFECTIVE 01/15/2013. IN ADDITION, A BONUS INCENTIVE WAS APPROVED TO BE PAID ON 12/06/2013 BY THE EXECUTIVE COMMITTEE, DOCUMENTED BY THE BOARD CHAIR, AND FILED IN THE PRESIDENT & CEO'S PERSONNEL FILE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | RENT INCOME NETTED WITH EXPENSE ON AFS -5,222 LOSS ON DISPOSAL OF ASSETS NETTED WITH EXPENSE ON AFS 19,312 ROUND TABLE EXPENSE NETTED WITH INCOME ON AFS -432 RENT INCOME NETTED WITH EXPENSES ON AFS 5,222 LOSS ON DISPOSAL OF ASSETS NETTED WITH EXPENSE ON AFS -19,312 ROUND TABLE EXPENSE NETTED WITH INCOME ON AFS 432 |
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