Springboard Incubators Inc
- Assets
- $170.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hempstead, NY
- Founding
- 01/2017
- Data as of
- 08/2022
- EIN
- 81-4200249
Organization Overview
Springboard Incubators Inc is located in Hempstead, NY. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard Incubators Inc 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 08/2022, Springboard Incubators Inc generated $132.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.2% each year . All expenses for the organization totaled $173.1k during the year ending 08/2022. While expenses have increased by 15.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Lindo President/treasurer | 40 | $0 | |
Merton A Owens Vice President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,381 |
| Total Program Service Revenue | $113,047 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,651 |
| Total Revenue | $132,079 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,909 |
| Professional fees and other payments to independent contractors | $7,960 |
| Occupancy, rent, utilities, and maintenance | $25,509 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,721 |
| Total expenses | $173,099 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $154,760 |
| Other assets | $0 |
| Total assets | $170,443 |
| Total liabilities | $262,251 |
| Net assets or fund balances | -$91,808 |
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