2026-08-14T11:21:59-05:00 2025-12-31 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2025-01-01 333582985 LEAP THRIVE LEAP 5177023387 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 KEITH LAMBERT PRESIDENT 5177023387 2026-07-13 1 JEFFREY E HERT CPA P00066715 9897999580 2026-07-13 2025 2025-03-06 01:10:19Z X KEITH LAMBERT 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 627826 0 X WWW.PURELANSING.COM X 2024 MI TO FOSTER ECONOMIC DEVELOPMENT INITIATED AND/OR SUPPORTED BY THE LANSING ECONOMIC AREA PARTNERSHIP INC., THAT ENHANCES THE PEOPLE AND COMMUNITY OF INGHAM, EATON AND CLINTON COUNTIES, BY SPURRING INVESTMENT INTO THE BUILT ENVIRONMENT BY MEANS OF MANAGING, FINANCING OR OTHERWISE FACILITATING THE DEVELOPMENT OR GENERAL IMPROVEMENT OF PUBLIC OR PRIVATE SPACES AND PROPERTIES ACROSS INGHAM, EATON AND CLINTON COUNTIES FOR THE SMART RETENTION, EXPANSION AND ATTRACTION OF DIVERSE BUSINESSES, TALENT AND COMMUNITIES. 5 3 0 3 0 0 627826 0 0 0 627826 627826 0 0 0 0 0 627826 0 232031 232031 0 X TO FOSTER ECONOMIC DEVELOPMENT INITIATED AND/OR SUPPORTED BY THE LANSING ECONOMIC AREA PARTNERSHIP INC., THAT ENHANCES THE PEOPLE AND COMMUNITY OF INGHAM, EATON AND CLINTON COUNTIES, BY SPURRING INVESTMENT INTO THE BUILT ENVIRONMENT BY MEANS OF MANAGING, FINANCING OR OTHERWISE FACILITATING THE DEVELOPMENT OR GENERAL IMPROVEMENT OF PUBLIC OR PRIVATE SPACES AND PROPERTIES ACROSS INGHAM, EATON AND CLINTON COUNTIES FOR THE SMART RETENTION, EXPANSION AND ATTRACTION OF DIVERSE BUSINESSES, TALENT AND COMMUNITIES. 1 0 627826 627826 627826 COMMUNITY REAL ESTATE PARTNERSHIP PROJECTS: LEAP THRIVE PARTNERED WITH GILLESPIE GROUP AS THEIR NONPROFIT CO-DEVELOPER TO BRING TO REALITY A SIGNIFICANT COMMUNITY-ORIENTED HISTORIC BLOCK REDEVELOPMENT ON MICHIGAN AVENUE IN DOWNTOWN LANSING CALLED BRICK ROW. WITH ADDITIONAL ECONOMIC DEVELOPMENT PARTNERS, THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC), MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA), CITY OF LANSING AND ITS LANSING ECONOMIC DEVELOPMENT CORPORATION (EDC), AND THE LANSING ECONOMIC AREA PARTNERSHIP (LEAP), ALL COLLABORATED WITH THE DEVELOPMENT TEAM TO MAKE THE $8 MILLION REDEVELOPMENT PROJECT FEASIBLE. THE PROJECT WILL CREATE 15 HOUSING UNITS, INCLUDING AFFORDABLE UNITS, WHILE ALSO REVITALIZING AND/OR CREATING SIX DISTINCT COMMERCIAL RETAIL SPACES TOTALING NEARLY 6,900 SQUARE FEET ON FIRST FLOORS OF THESE CRITICAL STADIUM DISTRICT NEIGHBORHOOD BUILDINGS ON THE KEY COMMERCIAL CORRIDOR OF MICHIGAN AVENUE, CONNECTING MICHIGAN'S CAPITAL CITY AND MICHIGAN STATE UNIVERSITY. LEAP THRIVE ACTS AS A FINANCIAL PARTNER THAT IS RESPONSIBLE FOR INJECTING PUBLIC FUND SOURCES INTO THE PROJECT, BOTH AS SUBGRANTEE TO LEAP FOR A $3M MSHDA GRANT APPROPRIATED BY SENATOR ANTHONY'S OFFICE IN THE 2025 STATE BUDGET, AND MOVING TOWARD FINALIZING ADMINISTRATION OF A DIRECT GRANT AWARD OF A $617,210 FROM MEDC'S REVITALIZATION AND PLACEMAKING (RAP) AS OF YEAREND 2025. THE TWO FUND SOURCES TOGETHER CONSTITUTE APPROXIMATELY HALF OF THE TOTAL CAPITAL STACK, AND WERE ESSENTIAL TO MAKING THE PROJECT FINANCIALLY VIABLE. LEAP THRIVE IS PROUD TO BE SERVING IN THIS CAPACITY, AS A CREATIVE FINANCING PLATFORM FOR COMMUNITY-ORIENTED DEVELOPMENT PROJECTS IN THE LANSING TRI-COUNTY REGION OF INGHAM, EATON AND CLINTON COUNTIES. THE PROJECT COMMENCED CONSTRUCTION IN NOVEMBER OF 2025 AND IS EXPECTED TO BE COMPLETE IN OCTOBER OF 2026. 627826 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 1 MI X ANTHONY KLISCH 5175124523 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 KEITH LAMBERT PRESIDENT 1.00 40.00 X X 0 155991 21738 ANTHONY WILLIS VICE PRESIDENT 1.00 40.00 X X 0 133925 26765 PATRICK MCPHARLIN SECRETARY & TREASURER 1.00 1.00 X X 0 0 0 ROXANNE CASE BOARD MEMBER 1.00 X 0 0 0 JOSEPH GARCIA BOARD MEMBER 1.00 X 0 0 0 0 289916 48503 0 0 1 0 0 627826 627826 627826 0 0 0 627826 627826 627826 627826 0 0 0 232031 0 232031 0 232031 0 232031 X 0 0 0 232031 0 0 X X 0 1 X 1 0 X 627826 627826 627826 627826 627826 627826 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REFUNDABLE ADVANCES ON CONDITIONAL CONTRIBUTIONS 232031 232031 REFUNDABLE ADVANCES ON CONDITIONAL CONTRIBUTIONS 232031 232031 X PART X, LINE 2: LEAP, INC., LEAP FOUNDATION, LEAP THRIVE, PROTO AND THE LLCS HAVE EVALUATED THEIR INCOME TAX FILING POSITIONS FOR THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2025. LEAP, INC., LEAP FOUNDATION, LEAP THRIVE, PROTO AND THE LLCS HAVE CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. LEAP, INC., LEAP FOUNDATION, LEAP THRIVE, PROTO AND THE LLCS DO NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. LEAP, INC., LEAP FOUNDATION, LEAP THRIVE, PROTO AND THE LLCS DO NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2025 AND 2024, AND ARE NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 1 MICHIGAN AVE REVITALIZATION LLC 330 MARSHALL STREET SUITE 100 LANSING MI 48912 392183527 627826 0 GENERAL SUPPORT 1 PART I, LINE 2: LEAP THRIVE'S BUDGET CONSIDERS ALL GRANT FUNDS COMING IN, WHICH ARE THEN ACTIVELY MANAGED TOWARD THEIR ELIGIBLE USES AND IN CONFORMANCE WITH THE ENTITY'S CHARITABLE PURPOSE. LEAP THRIVE DOES NOT ENGAGE IN GRANT MAKING ACTIVITIES AT THIS TIME. THE ORGANIZATION IS ACTIVELY WORKING ON A "CALL FOR PARTNERS AND FUNDING OPPORTUNITIES, COMPLETE WITH POLICY DEVELOPMENT SUCH AS AN APPLICATION WITH GUIDELINES, ELIGIBILITY CRITERIA, QUALITY AND CAPACITY OF THE PROJECT AND INVOLVED PARTNERS. LEAP RECEIVES GRANT FUNDS PRIMARILY FROM STATE OF MICHIGAN GOVERNMENT ENTITIES SUCH AS THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) AND/OR MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) FOR SPECIFIC PROJECTS/PROGRAMS. EACH GRANT HAS AN ASSIGNED PROJECT MANAGER AT LEAP (THE CONTRACTUAL ADMINISTRATOR AND FIDUCIARY ENTITY FOR LEAP THRIVE) THAT ADMINISTERS THE GRANT ACTIVITIES AND COORDINATES ALL FINANCIAL ACTIVITIES WITH THE LEAP CFO AND FINANCE TEAM. THE PROJECT MANAGER IS RESPONSIBLE FOR ENSURING THE MILESTONES AND REPORTING REQUIREMENTS ARE MET IN ORDER TO RECEIVE THE NEXT DRAW FOR FUNDS FROM THE GRANTOR. LEAP THRIVE'S PRESIDENT AND THE LEAP CFO MONITOR THE GRANT EXPENSES TO ENSURE EXPENSES ARE ALLOCATED ACCORDING TO THE GRANT BUDGET AND TERMS OF THE GRANT. 0 0 0 0 0 0 0 0 0 KEITH LAMBERT PRESIDENT 0 155991 0 0 0 0 0 8255 0 13483 0 177729 0 0 ANTHONY WILLIS VICE PRESIDENT 0 133925 0 0 0 0 0 7027 0 19738 0 160690 0 0 FORM 990, PART III, LINE 2 2025 WAS THE FUNCTIONAL LAUNCH OF LEAP THRIVE PROGRAMMING FOLLOWING ENTITY CREATION. IN THIS YEAR, THE ORGANIZATION SECURED ITS FIRST PARTNERSHIP PROJECT AND EXECUTED ASSOCIATED LEGAL AGREEMENTS RELATING TO BOTH THE REAL ESTATE DEVELOPMENT PARTNERSHIP AND THE RELATED PUBLIC GRANT FINANCIAL SUPPORT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE LEAP THRIVE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST ANNUALLY SIGN A STATEMENT CONCERNING POTENTIAL CONFLICTS OF INTEREST. A REVIEW IS CONDUCTED UPON RECEIPT OF THE CONFLICT OF INTEREST FORMS. IF ANY CONFLICTS ARE NOTED, THESE ARE BROUGHT TO THE ATTENTION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST F THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LANSING ECONOMIC AREA DEVELOPMENT INC 1000 S WASHINGTON AVE SUITE 201 LANSING MI 48910 208132313 ECONOMIC DEVELOPMENT MI 501(C)(6) N/A 0 LEAP FOUNDATION INC 1000 S WASHINGTON AVE SUITE 201 LANSING MI 48910 260206557 ECONOMIC DEVELOPMENT MI 501(C)(3) LINE 12A, I LANSING ECONOMIC AREA DEVELOPMENT INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0