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Nonprofiteer
← SPRINGBOARD SOCIAL ENTERPRISES

Form 990 for tax year 2024

Filed by SPRINGBOARD SOCIAL ENTERPRISES.

Totals

Total revenue
$1,439,567
Total expenses
$1,458,289
Contributions and grants received
$0
Grants paid
$2,762
Program service revenue
$1,439,563
Investment income
$4
Other revenue
$0
Total assets, end of year
$411,627
Total liabilities, end of year
$356,570
Net assets or fund balances, end of year
$55,057
Program services expenses (Part IX)
$1,416,256
Management and general expenses
$42,033
Fundraising expenses
$0
Program service expenses (Part III)
$1,416,256

Program services were 97.1% 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.

  • 2a · Program service revenue: STAFFING SERVICES INCO

    total $1,439,563 · related or exempt $1,439,563

  • 3 · Investment income

    total $4 · related or exempt $4

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,762 · program services $2,762

  • 5 · Compensation of officers, directors and key employees

    total $486,592 · program services $486,592

  • 7 · Other salaries and wages

    total $480,662 · program services $444,927 · management and general $35,735

  • 8 · Pension plan contributions

    total $25,094 · program services $24,250 · management and general $844

  • 9 · Other employee benefits

    total $89,440 · program services $86,433 · management and general $3,007

  • 10 · Payroll taxes

    total $65,339 · program services $63,304 · management and general $2,035

  • 11b · Fees: legal

    total $2,464 · program services $2,464

  • 11c · Fees: accounting

    total $22,215 · program services $22,215

  • 11g · Fees: other

    total $83,972 · program services $83,972

  • 13 · Office expenses

    total $50,174 · program services $50,093 · management and general $81

  • 14 · Information technology

    total $27,482 · program services $27,482

  • 16 · Occupancy

    total $7,645 · program services $7,385 · management and general $260

  • 17 · Travel

    total $39,855 · program services $39,855

  • 19 · Conferences, conventions and meetings

    total $24,978 · program services $24,978

  • 20 · Interest

    total $7,159 · program services $7,159

  • 22 · Depreciation, depletion and amortization

    total $22,415 · program services $22,415

  • 23 · Insurance

    total $11,012 · program services $10,941 · management and general $71

  • 24a · Other expenses: EMPLOYEE TRAINING

    total $9,029 · program services $9,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,166 · end of year $91,331

  • 4 · Accounts receivable

    beginning of year $216,268 · end of year $252,549

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,266 · end of year $5,023

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

    $132,743

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

    $70,019

  • 10c · Land, buildings and equipment, net

    beginning of year $85,139 · end of year $62,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,222 · end of year $14,143

  • 25 · Other liabilities

    beginning of year $296,838 · end of year $342,427

  • 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 $73,779 · end of year $55,057

Mission and programs · 2024

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 $1,416,256 · Grants $2,762 · Revenue $1,439,566

As filed on the 2024 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

  • Todd Emerson

    PRESIDENT/CEO

    Total calculated
    $308,132
    From this org
    $296,182
    From related orgs
    $0
    Other
    $11,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,144
    Bonus
    $0
    Other
    $38
    Deferred
    $11,950
    Nontaxable benefits
    $0
    Filer's total
    $308,132

  • Stefan Markowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rajesh Thayi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $18,471
    From this org
    $17,020
    From related orgs
    $0
    Other
    $1,451
    Hours/week
    40

  • Hillary Robin

    CHIEF INNOVATION OFFICER

    Total calculated
    $20,092
    From this org
    $19,407
    From related orgs
    $0
    Other
    $685
    Hours/week
    40

  • Al Nemerofsky

    SVP, RISK MANAGEMENT

    Total calculated
    $30,298
    From this org
    $28,436
    From related orgs
    $0
    Other
    $1,862
    Hours/week
    40

  • Ryan Hoskins

    VP, DATA & INFRASTRUCTURE

    Total calculated
    $138,660
    From this org
    $125,547
    From related orgs
    $0
    Other
    $13,113
    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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202521349349306707

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