Springboard To Success
- Assets
- $105.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-2711258
Organization Overview
Springboard To Success is located in Mobile, AL. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard To Success is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Springboard To Success generated $146.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $152.4k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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. DURING THE COVID-19 RESTRICTIONS AND SHUT-DOWNS, THE ORGANIZATION SECURED MULTIPLE GRANTS TO SUPPORT THE SMALL, INDEPENDENT RETAILERS. SPRINGBOARD TO SUCCESS PROVIDED 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margo Gilbert Director | 0.25 | $0 | |
Margaret Langdon Hamilton Director | 0.25 | $0 | |
Todd Greer Director | 0.25 | $0 | |
Malcolm Johnson Secretary | 0.5 | $0 | |
Margaret Schatzman Director | 0.25 | $0 | |
Jarrett Mcgraw Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,793 |
| Total Program Service Revenue | $114,829 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,697 |
| Professional fees and other payments to independent contractors | $5,810 |
| Occupancy, rent, utilities, and maintenance | $32,140 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,732 |
| Total expenses | $152,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,237 |
| Other assets | $0 |
| Total assets | $105,836 |
| Total liabilities | $72,216 |
| Net assets or fund balances | $33,620 |
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