Springgr
- Assets
- $311.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 12/2022
- EIN
- 82-4775140
Organization Overview
Springgr is located in Grand Rapids, MI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springgr 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, Springgr generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $858.7k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGGRSPRINGGR IS A TRAINING, MENTORING AND NETWORKING OPPORTUNITY FOR ENTREPRENEURS FROM NEIGHBORHOODS OF HIGHER ECONOMIC NEED IN GRAND RAPIDS, MICHIGAN. IT IS DESIGNED TO HELP PARTICIPANTS TURN THEIR IDEAS INTO BUSINESSES BY USING PROVEN, EFFECTIVE CURRICULUM, BUSINESS COACHING IN FINANCE, MARKETING AND PLANNING, AND CONNECTION WITH OTHER BUSINESSES IN LOCAL NEIGHBORHOODS. FOLLOWING COMPLETION OF THE CURRICULUM, SPRINGGR CONTINUES TO PROVIDE OPPORTUNITIES TO LEARN AND NETWORK BY CONNECTING GRADUATES WITH SUCCESSFUL BUSINESS MENTORS AND OFFERING TRAINING EXPERIENCES. THE PROGRAM IS DESIGNED TO SUPPORT THE GROWTH OF BUSINESS AND ECONOMIC DEVELOPMENT IN URBAN GRAND RAPIDS NEIGHBORHOODS WITH HIGH ECONOMIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Devos Jr President | 0.1 | $0 | |
Maria P Devos Vice President | 0.1 | $0 | |
Robert H Schierbeek COO And Vice President | 0.1 | $0 | |
Jeffrey S Bowerman Vice President Of Tax | 0.1 | $0 | |
Susan E Valcq Treasurer And Secretary | 0.1 | $0 | |
Nicholas J Thole Vice President | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rdv Staffing | 12/30/21 | $408,250 |
Rdv Corporation | 12/30/21 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,098,646 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,654 |
| Total Revenue | $1,126,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $65,554 |
| Travel, conferences, and meetings | $99,164 |
| Printing and publications | $1,332 |
| Other expenses | $344,941 |
| Total operating and administrative expenses | $858,737 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $858,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,810 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $4,400 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $311,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $42,708 |
| Total liabilities | $42,708 |