Springboard Collaborative
- Assets
- $24.4m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 742
- Location
- Philadelphia, PA
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-3719806
Organization Overview
Springboard Collaborative is located in Philadelphia, PA. The organization was established in 2012. 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 Collaborative employed 742 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard Collaborative 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 Collaborative generated $37.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $28.8m during the year ending 12/2022. While expenses have increased by 51.6% per year over the past 6 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
SPRINGBOARD COLLABORATIVE COMBINES TARGETED STUDENT INSTRUCTION WITH PARENT TRAINING IN AN INCENTIVIZED SYSTEM THAT CLOSES THE LITERACY GAP. CLOSES THE LITERACY GAP BY TRANSFERRING THE SUMMER FROM A BARRIER INTO A SPRINGBOARD FOR FINANCIALLY DISADVANTAGED STUDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGBOARD COLLABORATIVE CLOSES THE LITERACY GAP BETWEEN HOME AND SCHOOL. WE COACH EDUCATORS AND FAMILY MEMBERS TO HELP KIDS LEARN TO READ BY THE FOURTH GRADE. SPRINGBOARD ENVISIONS A WORLD IN WHICH ALL CHILDREN HAVE THE REQUISITE LITERACY SKILLS TO ACCESS LIFE OPPORTUNITIES. KEY PROGRAMS INCLUDE: 1. FLAGSHIP: IS AN INTENSIVE 5-10 WEEK LITERACY PROGRAM FEATURING DAILY READING INSTRUCTION FOR PRE-K THROUGH THIRD GRADE READERS, WORKSHOPS TRAINING FOR PARENTS TO TEACH READING AT HOME, AND COACHING TEACHERS.2. SPRINGBOARD LEARNING ACCELERATORS (SLA) IS A "LIGHTER TOUCH" MODEL THAT PROVIDES THE STRUCTURE TO SUPPORT AND RESOURCES TO EDUCATORS AND FAMILIES NEEDED TO SET AND ACHIEVE READING GOALS WITHIN A 5-10 WEEK PERIOD IN THE SUMMER OR SCHOOL YEAR. INSTRUCTIONAL COMPONENTS ARE MODULAR AND CUSTOMIZABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gomperts Board Member | Trustee | 1 | $0 |
Sanjeev Midha President | OfficerTrustee | 40 | $313,009 |
Jesse Ding Treasurer | OfficerTrustee | 1 | $0 |
Curt Ellis Secretary | OfficerTrustee | 1 | $0 |
Pavon Arora Board Member | Trustee | 1 | $0 |
Elizabeth City Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
U2i Worldwide Llc Service | 12/30/20 | $281,406 |
National Innovation Service Pbc Service | 12/30/20 | $130,411 |
Andrea Stouder Pursley Llc Service | 12/30/20 | $112,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,360,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,662,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,022,620 |
| Total Program Service Revenue | $14,208,409 |
| Investment income | $9,684 |
| 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 | $37,240,713 |
| 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. | $1,316,321 |
| Compensation of current officers, directors, key employees. | $690,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,698,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,033,357 |
| Payroll taxes | $1,420,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,627 |
| Fees for services: Accounting | $98,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $310,515 |
| Office expenses | $401,287 |
| Information technology | $1,245,264 |
| Royalties | $0 |
| Occupancy | $599,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $200,332 |
| Conferences, conventions, and meetings | $151,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,107 |
| Insurance | $71,323 |
| All other expenses | $384,457 |
| Total functional expenses | $28,822,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,019,642 |
| Savings and temporary cash investments | $11,973,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,679,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,581,647 |
| Prepaid expenses and deferred charges | $404,272 |
| Net Land, buildings, and equipment | $79,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,680,530 |
| Total assets | $24,418,582 |
| Accounts payable and accrued expenses | $2,902,482 |
| Grants payable | $0 |
| Deferred revenue | $43,083 |
| 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 | $1,687,517 |
| Total liabilities | $4,633,082 |
| Net assets without donor restrictions | $19,385,500 |
| Net assets with donor restrictions | $400,000 |
| 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 | $24,418,582 |