Springboard To Success Inc
- Assets
- $2.1m
- Revenue
- $703.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 61-1745621
Organization Overview
Springboard To Success Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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 Inc 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 Success Inc generated $703.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $703.4k during the year ending 12/2022. While expenses have increased by 13.3% 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
SPRINGBOARD TO SUCCESS (S2S) MISSION IS TO FUND PROGRAMS AND INITIATIVES THAT SUPPORT CHICAGO HOUSING AUTHORITY ("CHA") COMMUNITIES WITH A FOCUS ON THOSE THAT ASSIST YOUNGER RESIDENTS ON A PATHWAY TO ACADEMIC SUCCESS, ECONOMIC STABILITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THIS PROGRAM IS FOR CURRENT CHA RESIDENTS, LISTED ON A CHA LEASE, AND ENROLLED IN AN ACCREDITED POST-SECONDARY INSTITUTION. IN 2021, A TOTAL OF 183 SCHOLARSHIPS VALUED AT $1,000 EACH WERE AWARDED BASED ON EACH APPLICANT'S ACADEMIC MERIT, COMMUNITY INVOLVEMENET, AND ESSAY CONTENT.
SENIOR GALA: ANNUAL HOLIDAY PARTY FOR CHA SENIORS FEATURING FOOD AND ENTERTAINMENT.
SUMMER PROGRAMS: DOCUMENTARY FILM MAKING: HIGH SCHOOL GIRLS USE FILM AS A MEDIUM FOR COLLABORATIVE LEARNING AND TEAM BUILDING WHILE PRODUCING AND DIRECTING SHORT DOCUMENTARY FILMS. GAME & GRAPHIC DESIGN: HIGH SCHOOL STUDENTS DEVELOP THEIR CREATIVE VOICES TO EFFECT CHANGE AND INTRODUCE IDEAS TO OTHERS, UTILIZING JOURNALING, CREATING GRAPHIC DESIGNS, GAMES, AND INTERACTIVE EXPERIENCES.SCREENWRITING 101: HIGH SCHOOL STUDENTS DEVELOP SKILLS TO WRITE SCREENPLAYS DESIGNED FOR TELEVISION OR DIGITAL STREAMING PLATFORMS, FOCUSING ON FORMAT, VISUAL WRITING STYLES, SCENE CRAFT, STORY STRUCTURE, CHARACTER DEVELOPMENT AND DIALOGUE.PHOTOGRAPHY: CHA YOUTH WERE GIVEN A PROSUMER-LEVEL CAMERA AND LED THROUGH A NUMBER OF TECHNICAL AND CREATIVE EXERCISES IN ORDER TO PROVIDE A BASE FOR A POTENTIAL CAREER IN PHOTOGRAPHY. IN ADDITION, THEY WERE GUIDED ON HOW TO USE VISUAL IMAGERY AS A FORM OF STORY TELLING AND SELF-EXPRESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Malone Board Chair | OfficerTrustee | 2 | $0 |
Laurinda Dodgen Vice Chair | OfficerTrustee | 1 | $0 |
Diane Knoepke Board Secretary | OfficerTrustee | 1 | $0 |
Marcus Velasco Board Treasurer | OfficerTrustee | 1 | $0 |
William J Dvorak Director | Trustee | 1 | $0 |
Lauren Hooberman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency | 12/30/19 | $135,042 |
Depaul University | 12/30/19 | $110,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $182,942 |
| Related organizations | $0 |
| Government grants | $352,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,611 |
| Total Program Service Revenue | $21,176 |
| Investment income | $8,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,495 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,183 |
| Total functional expenses | $703,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,194 |
| Savings and temporary cash investments | $1,818,931 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $2,076,725 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $222,920 |
| Net assets with donor restrictions | $1,853,805 |
| 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 | $2,076,725 |