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Nonprofiteer
← SPRINGBOARD TO SUCCESS

Form 990 for tax year 2022

Filed by SPRINGBOARD TO SUCCESS.

Totals

Total revenue
$200,396
Total expenses
$180,283
Contributions and grants received
$18,949
Grants paid
$0
Program service revenue
$181,446
Investment income
$1
Other revenue
$0
Total assets, end of year
$131,838
Total liabilities, end of year
$78,105
Net assets or fund balances, end of year
$53,733
Program services expenses (Part IX)
$178,415
Management and general expenses
$1,868
Fundraising expenses
$0
Program service expenses (Part III)
$178,415

Program services were 99.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $14,000

  • 1f · All other contributions, gifts and grants

    $4,949

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $153,013 · related or exempt $153,013

  • 2b · Program service revenue: SPECIAL EVENT FEES

    total $15,831 · related or exempt $15,831

  • 2c · Program service revenue: SALES TAX DISCOUNTS

    total $9,691 · related or exempt $9,691

  • 2d · Program service revenue: URBAN EMPORIUM SALES

    total $2,911 · related or exempt $2,911

  • 3 · Investment income

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $81,210 · program services $81,210

  • 9 · Other employee benefits

    total $1,459 · program services $1,459

  • 10 · Payroll taxes

    total $6,710 · program services $6,710

  • 11b · Fees: legal

    total $440 · program services $345 · management and general $95

  • 11c · Fees: accounting

    total $7,283 · program services $5,706 · management and general $1,577

  • 12 · Advertising and promotion

    total $474 · program services $474

  • 13 · Office expenses

    total $30,635 · program services $30,635

  • 14 · Information technology

    total $819 · program services $819

  • 16 · Occupancy

    total $38,099 · program services $38,099

  • 19 · Conferences, conventions and meetings

    total $263 · program services $263

  • 22 · Depreciation, depletion and amortization

    total $1,554 · program services $1,554

  • 23 · Insurance

    total $4,187 · program services $4,187

  • 24a · Other expenses: MISCELLANEOUS

    total $3,828 · program services $3,713 · management and general $115

  • 24b · Other expenses: TAXES AND LICENSES

    total $2,701 · program services $2,620 · management and general $81

  • 24c · Other expenses: DIRECT DEPOSIT FEE

    total $621 · program services $621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,079 · end of year $118,572

  • 2 · Savings and temporary cash investments

    beginning of year $5,158 · end of year $6,779

  • 4 · Accounts receivable

    end of year $442

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

    $22,690

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

    $16,645

  • 10c · Land, buildings and equipment, net

    beginning of year $7,599 · end of year $6,045

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,863 · end of year $57,779

  • 25 · Other liabilities

    beginning of year $21,353 · end of year $20,326

  • 27 · Net assets without donor restrictions

    beginning of year $33,620 · end of year $53,733

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE FURTHERANCE OF COMMUNITY REVITALIZATION AND THE CURBING OF COMMUNITY DETERIORATION. THE CORPORATION IS ORGANIZED TO PROVIDE INCUBATOR SETTINGS IN MARKETPLACES THAT ARE BLIGHTED OR UNDERSERVED BY RETAIL STORES. THIS IS DONE IN AN EFFORT TO STRENGTHEN THE RETAIL SECTOR BY ATTRACTING NEW BUSINESSES WHILE STRENGTHENING EXISTING BUSINESSES, THEREBY INCREASING THE AVAILABILITY OF MUCH-NEEDED GOODS AND SERVICES, AND AN EXPANSION OF LOCAL EMPLOYMENT. IN ADDITION, THE CORPORATION WILL PROVIDE, WITHIN THE INCUBATOR SETTING, AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY- STAGE, INDEPENDENTLY-OWNED BUSINESSES IN SUCH BLIGHTED OR UNDERSERVED COMMUNITIES.

  • THE ORGANIZATION AIDS IN ECONOMIC DEVELOPMENT BY PROVIDING AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY-STAGE, INDEPENDENT BUSINESSES. THE ORGANIZATION HELPS TRANSFORM THE RETAIL LANDSCAPE IN MOBILE, ALABAMA'S URBAN CORE. THE RETAIL INCUBATOR GIVES RETAILERS THE ABILITY TO UNDERSTAND THE DOWNTOWN SHOP OWNER'S EXPERIENCE WHILE ENJOYING PROFESSIONAL SUPPORT AND GUIDANCE. THE INCUBATOR OFFERS THE MEMBERS THE ADVANTAGE OF LEARNING-BY-DOING WHILE EQUIPPING TENANTS WITH THE SKILLS AND KNOWLEDGE TO BE INDEPENDENTLY SUCCESSFUL. SPRINGBOARD TO SUCCESS PROVIDES FULL-TIME STAFFING, POINT OF SALE SYSTEM REPORTING, TELEPHONE, HIGH-SPEED INTERNET ACCESS, MARKETING, AND PROMOTION ASSISTANCE, CONSULTATION BY EXPERIENCED RETAILERS, AS WELL AS ONGOING, ON-SITE MANAGEMENT OF THE TENANTS. THE RETAIL INCUBATOR IS LOCATED WITHIN THE CENTRAL BUSINESS DISTRICT WHERE THE ENTREPRENEURS ARE TRAINED TO CAPITALIZE ON DAYTIME EMPLOYMENT SPENDING AS WELL AS SPECIAL EVENT OPPORTUNITIES UNIQUE TO AN URBAN LOCATION.

    Expenses $178,415 · Revenue $181,446

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

Listed in Part VII

  • Elizabeth P Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Margaret Langdon Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Margo Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Todd Greer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Tara Zieman

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Kendall Butler

    VP OF OPERAT

    Total calculated
    $0
    Hours/week
    0.5

  • Bobbi Sue Thomas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Malcolm Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Martin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Schatzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jarrett McGraw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Emily Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Garrett Hughes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 September 2023
IRS schema version
2022v5.0
Source object
202342769349301604

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