SPRINGBOARD TO SUCCESS

EIN: 452711258 501(c)(3) Human Services

MOBILE, AL

Total Revenue
$217,257
Total Expenses
$201,953
Total Assets
$141,670
Net Assets
$69,037
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AL
Principal Officer
FRED RENDFREY
Phone
2514418044
Tax Period
2023-01-01 to 2023-12-31

SPRINGBOARD TO SUCCESS, founded in 2011, is a small nonprofit in the Human Services sector that reported $200K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $180K left a modest 10% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE FURTHERANCE OF COMMUNITY REVITALIZATION AND THE CURBING OF COMMUNITY DETERIORATION. THE CORPORATION IS ORGANIZED TO PROVIDE INCUBATOR SETTINGS IN MARKETPLACES THAT ARE BLIGHTED OR UNDERSERVED BY RETAIL STORES. THIS IS DONE IN AN EFFORT TO STRENGTHEN THE RETAIL SECTOR BY ATTRACTING NEW BUSINESSES WHILE STRENGTHENING EXISTING BUSINESSES, THEREBY INCREASING THE AVAILABILITY OF MUCH-NEEDED GOODS AND SERVICES, AND AN EXPANSION OF LOCAL EMPLOYMENT. IN ADDITION, THE CORPORATION WILL PROVIDE, WITHIN THE INCUBATOR SETTING, AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY- STAGE, INDEPENDENTLY-OWNED BUSINESSES IN SUCH BLIGHTED OR UNDERSERVED COMMUNITIES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,232
Program Service Revenue $212,024
Investment Income $1
Other Revenue $0
TOTAL REVENUE $217,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,532
Fundraising Expenses $0
Program Expenses $199,116
Other Expenses $110,421
TOTAL EXPENSES $201,953

Year-over-Year Comparison

2023 2022 Change
Revenue $217,257 $200,396 +0.1%
Expenses $201,953 $180,283 +0.1%
Net Income $15,304 $20,113 -0.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
N/A

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED RENDFREY INTERIM CEO 0.25
Officer
$0 $0 $0
BOBBI SUE THOMAS PRESIDENT 1.00
Officer Director
$0 $0 $0
TARA ZIEMAN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARY KENDALL BUTLER VP OF OPERAT 1.00
Officer Director
$0 $0 $0
TODD MARTIN TREASURER 1.00
Officer Director
$0 $0 $0
MALCOLM JOHNSON SECRETARY 1.00
Officer Director
$0 $0 $0
TODD GREER DIRECTOR 0.25
Director
$0 $0 $0
MARGARET SCHATZMAN DIRECTOR 0.25
Director
$0 $0 $0
JARRETT MCGRAW DIRECTOR 0.25
Director
$0 $0 $0
MARILUZ HILBUN DIRECTOR 0.25
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
2024 No data No data No data No data
2023 $217,257 $201,953 $141,670 $15,304
2022 $200,396 $180,283 $131,838 $20,113
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