The Springboard Foundation

EIN: 364482332 501(c)(3)

Chicago, IL

Total Revenue
$328,965
Total Expenses
$475,058
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
Doug Armstrong
Phone
3126168000
Tax Period
2019-10-01 to 2020-09-30

The Springboard Foundation, founded in 2001, is a small nonprofit that reported $329K in total revenue in fiscal year 2019. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $475K exceeded revenue, resulting in a 44% operating deficit.

Mission

The mission of the Springboard Foundation is to provide financial and intellectual capital to selected "grass roots" charitable programs that otherwise would have difficulty obtaining financial support. Springboard's primary focus is afterschool and supplemental education programs. Since inception, Springboard has helped numerous programs grow and become self-sustaining, so that they can continue to provide Chicago public school students with educational and out-of-school activities that are so critical to personal growth and success. In addition to contributing funds to Springboard, Springboard members go on site visits to meet nonprofit leaders and see their programs in action. During the year, members maintain contact with the nonprofits and marshal all of the resources at their disposal time, treasure, knowledge, and network to ensure that they grow into sustainable organizations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $314,602
Program Service Revenue $0
Investment Income $363
Other Revenue $14,000
TOTAL REVENUE $328,965

Expense Breakdown

Grants Paid $418,345
Salaries & Benefits $0
Fundraising Expenses $9,225
Program Expenses $432,609
Other Expenses $56,713
TOTAL EXPENSES $475,058

Year-over-Year Comparison

2019 2018 Change
Revenue $328,965 $533,094 -0.4%
Expenses $475,058 $636,069 -0.3%
Net Income $-146,093 $-102,975 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
57

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$278,031
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Strausbaugh Treasurer 1.00
Officer
$0 $3,925 $278,031
Keith Kizziah President 1.00
Officer Director
$0 $0 $0
Doug Armstrong Vice President 1.00
Officer Director
$0 $0 $0
Chandler Bigelow Secretary 1.00
Officer Director
$0 $0 $0
John Palmer Social Chair 1.00
Director
$0 $0 $0
Andrew Flynn President (Until 11/2019) 1.00
Officer Director
$0 $0 $0
Prudence R Beidler Director 1.00
Director
$0 $0 $0
Richard H Driehaus Director 1.00
Director
$0 $0 $0
Mark E Ferguson Director 1.00
Director
$0 $0 $0
Jack Keller Director 1.00
Director
$0 $0 $0
Douglas W Mabie Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $328,965 $475,058 No data $-146,093
2019 $533,094 $636,069 $194,461 $-102,975
2018 $422,442 $500,812 $270,626 $-78,370
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