Springboard To Opportunities is located in Jackson, MS. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Springboard To Opportunities employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboard To Opportunities 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 12/2022, Springboard To Opportunities generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 24.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT FAMILIES LIVING IN AFFORDABLE HOUSING WITH RESOURCES TO HELP THEIR SCHOOL, WORK & LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERING CASH: IN ADDITION TO LAUNCHING A 4TH COHORT OF THE MAGNOLIA MOTHER'S TRUST, SPRINGBOARD TO OPPORTUNITIES' (STO) GUARANTEED INCOME INITIATIVE BEGAN PROVIDING CASH DISBURSEMENTS TO ALL FAMILIES IN THE JACKSON HOUSING COMMUNITIES IN RESPONSE TO THE JACKSON WATER CRISIS, MODELING THE IMPORTANCE OF CASH IN CRISIS RESPONSE. STO DISTRIBUTED $1,227,350 OF DIRECT CASH ASSISTANCE TO FAMILIES IN 2022.FELLOWSHIP LAUNCH: STO LAUNCHED 3 NEW FELLOWSHIP PROGRAMS SUPPORTING RESIDENTS AS THEY CONNECT THE DOTS BETWEEN POLICYMAKING AND THEIR OWN LIVES, GROW IN THEIR ADVOCACY AND ORGANIZING SKILLS, CONFIDENTLY TELL THEIR STORY, AND RECOGNIZE THE POWER THEY HAVE TO CREATE CHANGE IN THEIR OWN COMMUNITIES.RESIDENTS IN ADVOCACY: RESIDENTS HAD NEW AND POWERFUL PLATFORMS TO SHARE THEIR STORIES AND CHANGE. INCLUDING THE MS LEGISLATIVE TANF HEARINGS, WHITE HOUSE BRIEFINGS ON THE CHILD TAX CREDIT, A POOR PEOPLE'S CAMPAIGN RALLY REGARDING THE JACKSON WATER CRISIS, AND NUMEROUS NATIONAL AND LOCAL NEWS AND MEDIA OUTLETS PARTICULARLY IN RESPONSE TO MISSISSIPPI'S TANF SCANDAL, THE JACKSON WATER CRISIS, AND THE FAILURE TO MAKE THE EXPANDED CHILD TAX CREDIT PERMANENT.THE MAGNOLIA MOTHER'S TRUST: WITH STO'S 3RD COHORT OF MMT, STO TOOK A DEEPER LOOK TO UNDERSTAND WHY CASH MATTERS. PARTICIPANTS REPORTED AN ENHANCED SENSE OF SELF-EFFICACY AND AGENCY, ALLOWING THEM TO MAKE THEIR OWN DECISIONS AROUND WORK, PRIORITIZE THE CARE OF THE CHILDREN AND FAMILY, AND DEMONSTRATE A STRONGER SENSE OF SELF AND EMOTIONAL WELL-BEING FOR BOTH THEMSELVES AND THEIR CHILDREN.- 97.6% FELT SOMEWHAT OR EXTREMELY SUPPORTED BY THE MAGNOLIA MOTHER'S TRUST TO MEET THEIR FAMILY'S NEEDS.- 79% OF MOTHERS REPORTED FEELING MORE HOPEFUL ABOUT THEIR FUTURE- 82% FELT MORE HOPEFUL ABOUT THEIR CHILDREN'S FUTURES- 70% FELT CAPABLE OF CARING FOR THEIR OWN EMOTIONAL, PHYSICAL, AND MENTAL HEALTH NEEDSEXPANSION OF NATIONAL FOOTPRINT: IN 2022, SPRINGBOARD CONTINUED TO BE RECOGNIZED AS A NATIONAL LEADER AND EXPERT ON CASH SUPPORTS AND DEVELOPING COMMUNITY-CENTERED APPROACHES TO SUPPORT FAMILIES. THIS YEAR STO...- CO-CONVENED THE GUARANTEED INCOME NOW CONFERENCE IN ATLANTA- CONTRIBUTED TO POLICY RESOURCES DEVELOPED BY THE CONGRESSIONAL CAUCUS ON BLACK WOMEN,GROUNDWORK COLLABORATIVE, THE NATIONAL WOMEN'S LAW CENTER- LAUNCHED LOCKED OUT: BLACK WOMEN, WEALTH, AND HOMEOWNERSHIP IN NONPROFIT QUARTERLY EXAMINING THE HISTORIC AND CONTEMPORARY POLICIES THAT FUEL OUR EXCLUSIONARY HOUSING MARKET AND EXPLORING SOLUTIONS TO CREATE A MORE EQUITABLE HOUSING MARKET.- PARTNERED ON A GUARANTEED INCOME PRIMER WITH ASSET FUNDERS NETWORK TO EDUCATE FUNDERS ON BEST PRACTICES RELATED TO CASH-BASED POLICIESBY THE NUMBERS:- 10,078 PARTICIPATIONS IN SPRINGBOARD PROGRAMMING- 10,088 MEALS, FOOD BOXES, AND WATER CASES DISTRIBUTED IN COMMUNITIES- 4,234 INSTANCES OF STAFF SUPPORTING RESIDENTS WITH HOUSING STABILITY- 5,264 ITEMS DISTRIBUTED TO RESIDENTS THROUGH COMMUNITY CARE CLOSETS AND BACK TO SCHOOL GIVEAWAYS- 3,207 ENGAGEMENTS WITH SUMMER CAMPS & AFTER SCHOOL PROGRAMS IN-PERSON AFTER 2 VIRTUAL YEARS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marjorie Sims Chairperson | OfficerTrustee | 1 | $0 |
Kelly Butler Co Chairperson | OfficerTrustee | 1 | $0 |
Carol Wishcamper Director | Trustee | 1 | $0 |
Darren Isom Director | Trustee | 1 | $0 |
Ira E Murray PHD Director | Trustee | 1 | $0 |
Michelle Whetten Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $11,575,363 |
Noncash contributions included in lines 1a–1f | $3,108,369 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,575,363 |
Total Program Service Revenue | $565,776 |
Investment income | $31,076 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,172,215 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $173,916 |
Compensation of current officers, directors, key employees. | $9,519 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $587,041 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $60,678 |
Payroll taxes | $60,585 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,682 |
Fees for services: Accounting | $28,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $342,279 |
Advertising and promotion | $192 |
Office expenses | $13,896 |
Information technology | $5,411 |
Royalties | $0 |
Occupancy | $34,301 |
Travel | $29,763 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,396 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,858 |
Insurance | $9,501 |
All other expenses | $0 |
Total functional expenses | $3,405,445 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,885,253 |
Savings and temporary cash investments | $2,679,486 |
Pledges and grants receivable | $3,586,360 |
Accounts receivable, net | $61,642 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $2,500 |
Net Land, buildings, and equipment | $18,022 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,128 |
Total assets | $15,253,391 |
Accounts payable and accrued expenses | $19,857 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $19,857 |
Net assets without donor restrictions | $11,130,598 |
Net assets with donor restrictions | $4,102,936 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $15,253,391 |