Springboard Collaborative Inc
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-3335151
Organization Overview
Springboard Collaborative Inc is located in Wilmington, DE. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Springboard Collaborative Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard Collaborative 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 12/2023, Springboard Collaborative Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AFFORDABLE HOUSING COMMUNITIES THAT FOSTER WELL-BEING FOR ALL DELAWAREANS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGBOARD PALLET VILLAGE: WHICH CONSISTS OF RAPIDLY ASSEMBLED PERSONAL SLEEPING UNITS, A RESOURCE NETWORK OF ON-SITE AND LOCAL SOCIALSERVICES, AS WELL AS FOOD, SHOWERS, LAUNDRY, AND MORE; HELPING PEOPLE TRANSITION TO PERMANENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judson Malone Executive Director | Trustee | 40 | $0 |
Jeff Ronald Chairman | OfficerTrustee | 0.5 | $0 |
Rl Hughes Board President | OfficerTrustee | 0.5 | $0 |
Ronald Baron Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Brockenbrough Secretary | OfficerTrustee | 0.5 | $0 |
Bill West Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nickle Electric Contracting | 12/30/23 | $111,582 |
Thompson And Sons Contracting Inc Contracting | 12/30/23 | $106,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,542,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,547,509 |
| Total Program Service Revenue | $0 |
| Investment income | $39,808 |
| 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 | $1,587,317 |
| 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 | $504,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,556 |
| Fees for services: Management | $143,929 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,488 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,244 |
| Advertising and promotion | $11,169 |
| Office expenses | $101,582 |
| Information technology | $20,915 |
| Royalties | $0 |
| Occupancy | $42,743 |
| Travel | $4,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,117 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,459 |
| Insurance | $56,938 |
| All other expenses | $16,783 |
| Total functional expenses | $1,297,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,357 |
| 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 | $1,311,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,074 |
| Total assets | $1,867,415 |
| 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 | $1,526,732 |
| Net assets with donor restrictions | $340,683 |
| 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 | $1,867,415 |