Springboard To Success
- Assets
- $131.8k
- Revenue
- $200.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Mobile, AL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 45-2711258
Organization Overview
Springboard To Success is located in Mobile, AL. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Springboard To Success employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard To Success 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 12/2022, Springboard To Success generated $200.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $180.3k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE FURTHERANCE OF COMMUNITY REVITALIZATION AND THE CURBING OF COMMUNITY DETERIORATION. THE CORPORATION IS ORGANIZED TO PROVIDE INCUBATOR SETTINGS IN MARKETPLACES THAT ARE BLIGHTED OR UNDERSERVED BY RETAIL STORES. THIS IS DONE IN AN EFFORT TO STRENGTHEN THE RETAIL SECTOR BY ATTRACTING NEW BUSINESSES WHILE STRENGTHENING EXISTING BUSINESSES, THEREBY INCREASING THE AVAILABILITY OF MUCH-NEEDED GOODS AND SERVICES, AND AN EXPANSION OF LOCAL EMPLOYMENT. IN ADDITION, THE CORPORATION WILL PROVIDE, WITHIN THE INCUBATOR SETTING, AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY- STAGE, INDEPENDENTLY-OWNED BUSINESSES IN SUCH BLIGHTED OR UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AIDS IN ECONOMIC DEVELOPMENT BY PROVIDING AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY-STAGE, INDEPENDENT BUSINESSES. THE ORGANIZATION HELPS TRANSFORM THE RETAIL LANDSCAPE IN MOBILE, ALABAMA'S URBAN CORE. THE RETAIL INCUBATOR GIVES RETAILERS THE ABILITY TO UNDERSTAND THE DOWNTOWN SHOP OWNER'S EXPERIENCE WHILE ENJOYING PROFESSIONAL SUPPORT AND GUIDANCE. THE INCUBATOR OFFERS THE MEMBERS THE ADVANTAGE OF LEARNING-BY-DOING WHILE EQUIPPING TENANTS WITH THE SKILLS AND KNOWLEDGE TO BE INDEPENDENTLY SUCCESSFUL. SPRINGBOARD TO SUCCESS PROVIDES FULL-TIME STAFFING, POINT OF SALE SYSTEM REPORTING, TELEPHONE, HIGH-SPEED INTERNET ACCESS, MARKETING, AND PROMOTION ASSISTANCE, CONSULTATION BY EXPERIENCED RETAILERS, AS WELL AS ONGOING, ON-SITE MANAGEMENT OF THE TENANTS. THE RETAIL INCUBATOR IS LOCATED WITHIN THE CENTRAL BUSINESS DISTRICT WHERE THE ENTREPRENEURS ARE TRAINED TO CAPITALIZE ON DAYTIME EMPLOYMENT SPENDING AS WELL AS SPECIAL EVENT OPPORTUNITIES UNIQUE TO AN URBAN LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth P Stevens Director | Officer | 0.25 | $0 |
Margaret Langdon Hamilton Director | Trustee | 0.25 | $0 |
Margo Gilbert Director | Trustee | 0.25 | $0 |
Todd Greer Director | Trustee | 0.25 | $0 |
Tara Zieman Vice Preside | OfficerTrustee | 0.5 | $0 |
Mary Kendall Butler VP Of Operat | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,949 |
| Total Program Service Revenue | $181,446 |
| Investment income | $1 |
| 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 | $200,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $81,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,459 |
| Payroll taxes | $6,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $440 |
| Fees for services: Accounting | $7,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $474 |
| Office expenses | $30,635 |
| Information technology | $819 |
| Royalties | $0 |
| Occupancy | $38,099 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,554 |
| Insurance | $4,187 |
| All other expenses | $0 |
| Total functional expenses | $180,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,572 |
| Savings and temporary cash investments | $6,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $442 |
| 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 | $6,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,838 |
| Accounts payable and accrued expenses | $57,779 |
| 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 | $20,326 |
| Total liabilities | $78,105 |
| Net assets without donor restrictions | $53,733 |
| 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 | $131,838 |