Form 990 for tax year 2023

Totals

Total revenue

$5,624,835

Total expenses

$3,524,718

Contributions and grants received

$5,018,900

Grants paid

$0

Program service revenue

$339,701

Investment income

$266,234

Other revenue

$0

Total assets, end of year

$17,873,448

Total liabilities, end of year

$419,667

Net assets or fund balances, end of year

$17,453,781

Program services expenses (Part IX)

$3,207,608

Management and general expenses

$292,791

Fundraising expenses

$24,319

Program service expenses (Part III)

$3,207,608

Program services were 91.0% 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.

Mission and programs · 2023

• IN 2023, SPRINGBOARD'S RADICALLY RESIDENT DRIVEN PROGRAMMING SUPPORTED OVER 2,500 RESIDENTS IN AFFORDABLE HOUSING WITH PROGRAMS AND RESOURCES TO HELP THE RESIDENTS REACH THEIR GOALS IN SCHOOL, WORK, AND LIFE.SPRINGBOARD DISTRIBUTED $994,546 IN DIRECT CASH DISBURSEMENTS TO 800 FAMILIES THROUGH ITS GUARANTEED INCOME PROGRAM, THE MAGNOLIA MOTHER'S TRUST, AND EMERGENCY CASH DISBURSEMENTS IN RESPONSE TO THE ONGOING JACKSON WATER CRISIS IN THE FIRST FEW MONTHS OF 2023.SPRINGBOARD RELEASED 3 REPORTS FINDING HOLISTIC PROSPERITY, THE MAGNOLIA MOTHER'S TRUST ALUMNI REPORT, AND THE MAGNOLIA MOTHER'S TRUST 4TH COHORT REPORT CENTERING THE VOICES OF FAMILIES IN RESEARCH AND EVALUATION AND ADVOCATING FOR BEST PRACTICES IN CASH POLICY AND PROGRAMS.THE MAGNOLIA MOTHER'S TRUST (MMT) ALUMNI STUDY REPORT WAS THE FIRST IN THE RECENT CASH-WITHOUT-RESTRICTIONS MOVEMENT TO EXAMINE THE EFFECTS OF GUARANTEED INCOME AFTER A PROGRAM ENDS AND TAKE A 2-GENERATION APPROACH, INCLUDING BOTH MOTHERS AND CHILDREN IN THE STUDY. HIGHLIGHTS INCLUDED: - 76% OF MOMS REPORTED MORE CONFIDENCE IN THEIR PARENTING AS A RESULT OF MMT - 63% REPORTED THEIR CHILDREN NOTICED A POSITIVE DIFFERENCE IN THEIR LIVES - 76% FELT MORE CONFIDENT IN THEMSELVES AS A RESULT OF MMT - 78% FELT MORE CONFIDENT IN THEIR ABILITY TO ACCOMPLISH THEIR GOALS - 74% FELT MORE HOPEFUL ABOUT THE FUTURE AND 80% FELT MORE HOPEFUL ABOUT THEIR CHILDREN'S FUTURES - OVERALL, MMT HAD A POSITIVE IMPACT ON PARENTING EFFICACY, PARENT-CHILD RELATIONSHIPS, AND CHILDREN'S MENTAL HEALTHSPRINGBOARD'S 3RD ANNUAL NIGHT OF STORYTELLING ALLOWED FOUR MOTHERS TO SHARE THEIR OWN STORIES WITH A WIDE IN-PERSON AND VIRTUAL AUDIENCE ON THEIR OWN TERMS, SUPPORTING MOTHERS AS THEY CLAIM THEIR OWN STORIES AND SHIFTING THE LARGER NARRATIVES TOLD ABOUT LOW-INCOME, BLACK MOTHERS. ADDITIONALLY, MOTHERS SHARED THEIR STORIES AND EXPERIENCES WITH NUMEROUS LOCAL AND NATIONAL MEDIA OUTLETS.SPRINGBOARD'S NATIONAL PROFILE CONTINUED TO GROW AS CEO AISHA NYANDORO TESTIFIED BEFORE A SUBCOMMITTEE OF THE U.S. HOUSE WAYS AND MEANS COMMITTEE REGARDING TEMPORARY ASSISTANCE FOR NEEDY FAMILIES AND WAS ALSO INVITED TO THE INTERNATIONAL TED STATE WHERE SHE GAVE A TED TALK ON HOW TO HELP US ALL REIMAGINE WHAT WEALTH MEANS IN THIS COUNTRY BASED ON THE EXPERIENCES OF LOW-INCOME FAMILIES.SPRINGBOARD'S LEADERSHIP CONTINUED TO BE A SOUGHT-AFTER VOICE REGARDING CASH-BASED POLICIES AND COMMUNITY-DRIVEN ADVOCACY AND CHANGE.SPRINGBOARD EXPANDED AND REFINED ITS POLICY AND ADVOCACY FELLOWSHIPS SUPPORTING 33 RESIDENT FELLOWS AS THEY MADE CONNECTIONS BETWEEN PUBLIC POLICY AND THEIR LIVED EXPERIENCE AND DEVELOPED STORYTELLING, ORGANIZING, AND POWER BUILDING SKILLS WITHIN THEIR OWN COMMUNITIES, INCLUDING AN EXPERIENTIAL TRIP TO MONGOMERY AND SELMA, ALABAMA TO VISIT AND LEARN FROM THE LEGACY MUSEUM, THE NATIONAL MEMORIAL FOR PEACE AND JUSTICE, AND OTHER KEY CIVIL RIGHTS SITES.

  Expenses $3,207,608 · Revenue $339,701

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

Provenance

Return type

form_990

Tax year

2023

Filed

7 November 2024

IRS schema version

2023v5.1

Source object

202403209349305725

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