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Nonprofiteer
← SPRINGFORWARD

Form 990 for tax year 2024

Filed by SPRINGFORWARD.

Totals

Total revenue
$137,521
Total expenses
$1,038,936
Contributions and grants received
$46,500
Grants paid
$1,000,000
Program service revenue
$55,660
Investment income
$30,186
Other revenue
$5,175
Total assets, end of year
$3,346,892
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,346,892
Program services expenses (Part IX)
$1,020,130
Management and general expenses
$18,806
Fundraising expenses
$0
Program service expenses (Part III)
$1,020,130

Program services were 98.2% 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.

  • 1f · All other contributions, gifts and grants

    $46,500

  • 2a · Program service revenue: PASSTHROUGH INCOME FRO

    total $47,079 · related or exempt $47,079

  • 2b · Program service revenue: INTEREST ON PROGRAM LO

    total $8,581 · related or exempt $8,581

  • 3 · Investment income

    total $30,186 · excluded $30,186

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,175 · excluded $5,175

  • 11e · Other revenue, total

    $5,175

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 11b · Fees: legal

    total $11,792 · management and general $11,792

  • 11c · Fees: accounting

    total $5,750 · management and general $5,750

  • 13 · Office expenses

    total $564 · management and general $564

  • 23 · Insurance

    total $4,154 · program services $4,154

  • 24a · Other expenses: CARRYING COSTS OF PROJE

    total $15,976 · program services $15,976

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $500 · management and general $500

  • 24c · Other expenses: OHIO FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,048,926 · end of year $743,396

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

    $603,575

  • 10c · Land, buildings and equipment, net

    beginning of year $603,575 · end of year $603,575

  • 13 · Investments: program-related

    beginning of year $566,750 · end of year $1,970,865

  • 15 · Other assets

    beginning of year $29,056 · end of year $29,056

  • 27 · Net assets without donor restrictions

    beginning of year $4,248,307 · end of year $3,346,892

Mission and programs · 2024

Mission

TO AID IN THE ECONOMIC DEVELOPMENT, REVITALIZATION, AND ELIMINATION OF BLIGHT IN THE CITY OF SPRINGFIELD AND THE CITY'S CORE DOWNTOWN AREA.

Activities or mission (Part I)

ECONOMIC DEVELOPMENT IN DOWNTOWN SPRINGFIELD, OHIO.

  • ECONOMICALLY DEVELOP DOWNTOWN SPRINGFIELD, OHIO BY FUNDRAISING AND MAKING LOANS AND GRANTS THAT ENABLE SUCH DEVELOPMENT.

    Expenses $1,020,130 · Grants $1,000,000 · Revenue $55,660

As filed on the 2024 return.

Listed in Part VII

  • Tom Loftis

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Mike McDorman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Hutchinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Adam Groshans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Landess

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Carey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • WREN SPRINGFIELD LLC

    $1,000,000

    ADVANCING THE REVITALIZATION OF RESIDENTIAL HOUSING AND RETAIL SPACE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SPRINGFORWARD II LLC

    INVESTMENTS · OH · income $0 · assets $0

    Directly controlled by SPRINGFORWARD

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349310710

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