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Nonprofiteer
← SPRINGBOARD SOCIAL ENTERPRISES

Form 990 for tax year 2022

Filed by SPRINGBOARD SOCIAL ENTERPRISES.

Totals

Total revenue
$2,793,716
Total expenses
$2,158,053
Contributions and grants received
$32,000
Grants paid
$0
Program service revenue
$2,755,729
Investment income
-$18,058
Other revenue
$24,045
Total assets, end of year
$451,835
Total liabilities, end of year
$375,394
Net assets or fund balances, end of year
$76,441
Program services expenses (Part IX)
$1,966,303
Management and general expenses
$191,750
Fundraising expenses
$0
Program service expenses (Part III)
$1,966,303

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,000

  • 1f · All other contributions, gifts and grants

    $22,000

  • 1g · Noncash contributions included above

    $22,000

  • 2a · Program service revenue: STAFFING SERVICES INCO

    total $2,488,849 · related or exempt $2,488,849

  • 2b · Program service revenue: CONSULTING INCOME

    total $266,880 · related or exempt $266,880

  • 3 · Investment income

    total $3 · related or exempt $3

  • 7a · Gross sales of assets other than inventory

    other assets $11,000

  • 7b · Less cost or other basis and sales expenses

    other assets $29,061

  • 7c · Gain or loss

    other assets -$18,061

  • 7d · Net gain or loss

    total -$18,061 · related or exempt -$18,061

  • 11a · Other revenue: OTHER INCOME

    total $24,045 · related or exempt $24,045

  • 11e · Other revenue, total

    $24,045

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $809,251 · program services $809,251

  • 7 · Other salaries and wages

    total $728,135 · program services $568,784 · management and general $159,351

  • 8 · Pension plan contributions

    total $34,112 · program services $34,112

  • 9 · Other employee benefits

    total $127,656 · program services $100,740 · management and general $26,916

  • 10 · Payroll taxes

    total $102,819 · program services $102,819

  • 11b · Fees: legal

    total $665 · program services $665

  • 11c · Fees: accounting

    total $37,851 · program services $37,851

  • 11g · Fees: other

    total $76,236 · program services $76,236

  • 12 · Advertising and promotion

    total $17,300 · program services $17,300

  • 13 · Office expenses

    total $38,660 · program services $38,526 · management and general $134

  • 14 · Information technology

    total $51,980 · program services $51,864 · management and general $116

  • 16 · Occupancy

    total $27,737 · program services $27,737

  • 17 · Travel

    total $28,627 · program services $25,805 · management and general $2,822

  • 19 · Conferences, conventions and meetings

    total $11,649 · program services $11,649

  • 20 · Interest

    total $11,822 · program services $11,822

  • 22 · Depreciation, depletion and amortization

    total $16,949 · program services $16,949

  • 23 · Insurance

    total $12,847 · program services $12,847

  • 24a · Other expenses: EMPLOYEE TRAINING

    total $12,388 · program services $11,966 · management and general $422

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $8,641 · program services $8,641

  • 24c · Other expenses: PERSONNEL COSTS

    total $2,728 · program services $739 · management and general $1,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,675 · end of year $14,212

  • 4 · Accounts receivable

    beginning of year $76,802 · end of year $323,545

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,652 · end of year $11,204

  • 10a · Land, buildings and equipment: cost or other basis

    $126,103

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,229

  • 10c · Land, buildings and equipment, net

    beginning of year $57,336 · end of year $102,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,069 · end of year $12,993

  • 19 · Deferred revenue

    beginning of year $282,351 · end of year $0

  • 25 · Other liabilities

    beginning of year $380,267 · end of year $362,401

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$559,222 · end of year $76,441

Mission and programs · 2022

Mission

THE SPECIFIC PURPOSES OF THE CORPORATION, AND THE BUSINESS OBJECTIVES TO BE CARRIED ON AND PROMOTED BY IT ARE TO: 1) SUPPORT NONPROFIT ORGANIZATIONS, INCLUDING SPRINGBOARD NONPROFIT CONSUMER CREDIT MANAGEMENT, INC., AND SPRINGBOARD CDFI, IN FULFILLING THEIR TAX-EXEMPT PURPOSES BY PROVIDING THEM MANAGEMENT, ACCOUNTING, AND HUMAN RESOURCE SERVICES ON AN EXCLUSIVE, NOT-FOR-PROFIT BASIS, 2) HELP THESE NONPROFITS ACHIEVE CERTAIN ADMINISTRATIVE EFFICIENCIES AND COST SAVINGS WHICH, IN TURN, WILL ENABLE THEM TO BETTER ACCOMPLISH THE CHARITABLE AND EDUCATIONAL PURPOSES FOR WHICH THEY WERE ESTABLISHED, 3) EXERCISE OVERSIGHT OVER THESE NONPROFITS TO ENSURE THEY ARE IN COMPLIANCE WITH ALL LEGAL REQUIREMENTS APPLICABLE TO THEIR BUSINESS OPERATIONS, AND 4) PROMOTE SOCIAL ENTREPRENEURSHIP AMONG ALL SPRINGBOARD NONPROFIT ENTITIES.

Activities or mission (Part I)

TO SUPPORT ORGANIZATIONS THAT BRING AN INNOVATIVE, ENTREPRENEURIAL SPIRIT TO SOCIAL CHALLENGES BOTH LOCALLY AND GLOBALLY

  • ASSIST NONPROFIT ENTITIES ACHIEVE CERTAIN ADMINISTRATIVE EFFICIENCIES AND COST SAVINGS WHICH, IN TURN, ENABLE THEM TO BETTER ACCOMPLISH THE CHARITABLE AND EDUCATIONAL PURPOSES FOR WHICH THEY WERE ESTABLISHED. EXERCISE OVERSIGHT OVER THESE NONPROFITS TO ENSURE THEY ARE IN COMPLIANCE WITH ALL LEGAL REQUIREMENTS APPLICABLE TO THEIR BUSINESS OPERATIONS AND PROMOTE SOCIAL ENTREPRENEURSHIP AMONG ALL NONPROFIT ORGANIZATIONS.

    Expenses $1,966,303 · Revenue $2,793,716

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aaron Horvath

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stefan Markowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Emerson

    PRESIDENT/CEO (FORMER)

    Total calculated
    $321,126
    From this org
    $309,957
    From related orgs
    $0
    Other
    $11,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,782
    Bonus
    $0
    Other
    $175
    Deferred
    $11,169
    Nontaxable benefits
    $0
    Filer's total
    $321,126

  • Al Nemerofsky

    SVP, RISK MANAGEMENT

    Total calculated
    $187,011
    From this org
    $173,100
    From related orgs
    $0
    Other
    $13,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,848
    Bonus
    $0
    Other
    $252
    Deferred
    $7,000
    Nontaxable benefits
    $6,911
    Filer's total
    $187,011

  • Cynthia Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $131,401
    From this org
    $118,859
    From related orgs
    $0
    Other
    $12,542
    Hours/week
    40

  • Ryan Hoskins

    MANAGER, IT NETWORK SERVIC

    Total calculated
    $106,939
    From this org
    $106,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laura Martin

    DIRECT OF HUMAN RESOURCES

    Total calculated
    $100,396
    From this org
    $100,396
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION USES INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION TO DETERMINE SALARIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202342209349301254

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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