SPRINGBOARD FOUNDATION INC

EIN: 452448252 501(c)(3) Education

HIGHLAND BEACH, FL

Total Revenue
$47,480
Total Expenses
$67,106
Total Assets
$14,289
Net Assets
$14,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NJ
Principal Officer
NADINE O VOGEL
Phone
9738137260
Tax Period
2020-01-01 to 2020-12-31

SPRINGBOARD FOUNDATION INC, founded in 2011, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2020. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO FULL-TIME COLLEGE/UNIVERSITY STUDENTS WHO HAVE DOCUMENTED DISABILITIES OF ANY TYPE, DEEMED TO BE PROTECTED UNDER THE AMERICANS WITH DISABILITIES ACT AND/OR THE REHABILITATION ACT OF 1973.

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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 (2020)

Revenue Breakdown

Contributions & Grants $47,480
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $47,480

Expense Breakdown

Grants Paid $26,500
Salaries & Benefits $31,260
Fundraising Expenses $0
Program Expenses $57,760
Other Expenses $9,346
TOTAL EXPENSES $67,106

Year-over-Year Comparison

2020 2019 Change
Revenue $47,480 $69,263 -0.3%
Expenses $67,106 $40,174 +0.7%
Net Income $-19,626 $29,089 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NADINE O VOGEL PRESIDENT 2.50
Officer Director
$0 $0 $0
ELIZABETH LADU TREASURER 3.75
Officer Director
$0 $0 $0
GREG AKERS DIRECTOR 0.12
Director
$0 $0 $0
DESIREE DANCY DIRECTOR 0.28
Director
$0 $0 $0
LIZ MILLER DIRECTOR 0.12
Director
$0 $0 $0
SAMANTHA REMBO DIRECTOR 0.12
Director
$0 $0 $0
DARLENE SLAUGHTER DIRECTOR 0.12
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 $47,480 $67,106 $14,289 $-19,626
2019 $69,263 $40,174 $34,745 $29,089
2018 $38,936 $67,271 $8,014 $-28,335
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