The Springboard Foundation
- Assets
- $0.0
- Revenue
- $329.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2002
- Data as of
- 09/2020
- EIN
- 36-4482332
Organization Overview
The Springboard Foundation is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. Springboard Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Springboard Foundation generated $329.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $475.1k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Springboard Foundation has awarded 64 individual grants totaling $1,208,837. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SPRINGBOARD FOUNDATION IS TO PROVIDE FINANCIAL AND INTELLECTUAL CAPITAL TO SELECTED "GRASS ROOTS" CHARITABLE PROGRAMS THAT OTHERWISE WOULD HAVE DIFFICULTY OBTAINING FINANCIAL SUPPORT. SPRINGBOARD'S PRIMARY FOCUS IS AFTERSCHOOL AND SUPPLEMENTAL EDUCATION PROGRAMS. SINCE INCEPTION, SPRINGBOARD HAS HELPED NUMEROUS PROGRAMS GROW AND BECOME SELF-SUSTAINING, SO THAT THEY CAN CONTINUE TO PROVIDE CHICAGO PUBLIC SCHOOL STUDENTS WITH EDUCATIONAL AND OUT-OF-SCHOOL ACTIVITIES THAT ARE SO CRITICAL TO PERSONAL GROWTH AND SUCCESS. IN ADDITION TO CONTRIBUTING FUNDS TO SPRINGBOARD, SPRINGBOARD MEMBERS GO ON SITE VISITS TO MEET NONPROFIT LEADERS AND SEE THEIR PROGRAMS IN ACTION. DURING THE YEAR, MEMBERS MAINTAIN CONTACT WITH THE NONPROFITS AND MARSHAL ALL OF THE RESOURCES AT THEIR DISPOSAL TIME, TREASURE, KNOWLEDGE, AND NETWORK TO ENSURE THAT THEY GROW INTO SUSTAINABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRINGBOARD FOUNDATION IS A PHILANTHROPIC GRANT MAKING INSTITUTION THAT SUPPORTS THE MISSION OF THE CHICAGO COMMUNITY TRUST AND THE CHICAGO COMMUNITY FOUNDATION THROUGH GRANTING FUNDS TO CHARITABLE ORGANIZATIONS WITHIN A DESIGNATED CLASS OR PURPOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Strausbaugh Treasurer | Officer | 1 | $0 |
Keith Kizziah President | OfficerTrustee | 1 | $0 |
Doug Armstrong Vice President | OfficerTrustee | 1 | $0 |
Chandler Bigelow Secretary | OfficerTrustee | 1 | $0 |
John Palmer Social Chair | Trustee | 1 | $0 |
Andrew Flynn President (until 11/2019) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,493 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,109 |
| Noncash contributions included in lines 1a–1f | $30,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,602 |
| Total Program Service Revenue | $0 |
| Investment income | $363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $418,345 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,974 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,648 |
| Advertising and promotion | $250 |
| Office expenses | $2,833 |
| Information technology | $172 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $475,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, The Springboard Foundation has awarded $355,879 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHICAGO COMMUNITY FOUNDATION PURPOSE: To grant the full balance of the Springboard Foundation into the Springboard Foundation Fund, a donor advised fund at The Chicago Community Trust. | $274,435 |
SIMPLE GOOD PURPOSE: To work with a consultant to develop a fundraising plan. | $11,250 |
RIVER CITY COMMUNITY DEVELOPMENT CENTER PURPOSE: To engage a consultant to create a fund development plan. | $9,500 |
CHICAGO HEART INITIATIVE PURPOSE: For general operating support. | $7,500 |
MARIACHI HERITAGE FOUNDATION INC PURPOSE: For general operating support. | $7,500 |
MUSIC IN URBAN SCHOOLS INSPIRING CHANGE PURPOSE: For general operating support. | $7,500 |