The Springboard Foundation

Chicago, ILUnknown exempt organization EIN 36-4482332Revenue $329K in FY2020Latest filing we have: 2019. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSspringboardfoundation.comChicago, IL

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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.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4482332) · Dispute this line
91¢ of each $1 spent went to programs.
Run by 57 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$329K
Spent
$475K
To programs
91%
Net assets
$0

From the FY2020 Form 990 (year ending September 2020) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $433K Management & general 7% · $33K Fundraising 2% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Social Chair
$0Pt VII · Sec A
President (until 11/2019)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Springboard Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds and expertise support afterschool education programs for Chicago students.

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1 program · $433K · in their own filed words · FY2019
01

The Springboard Foundation is a philanthropic grant making institution that supports the mission of The Chicago Community Trust and The Chicago Community Foundation through granting funds to charitable organizations within a designated class or purpose.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4482332) · Dispute this line
$433Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$20K
Grants paid · 12 grants · $356K · 2019–2019
Chicago Community FoundationIL · FY2019$274,435
The Simple GoodIL · FY2019$11,250
Mariachi Heritage Foundation INCFY2019$7,500
Students Run ChicagoIL · FY2019$7,500
Territory NfpIL · FY2019$6,444
West Point Fellowship INCIL · FY2019$6,250
Role Model Movement INC NfpIL · FY2019$6,250
Debate IT ForwardMN · FY2019$6,250

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$329K
Ln 12
Gifts and grantsLn 1h$315K
Other incomeLn 4–11$14K
Investment incomeLn 3$363
Money outPt IX
$475K
Ln 25
Programscol B$433K
Managementcol C$33K
Fundraisingcol D$9K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$315K
Noncash giftsLn 1g$30K
Investment incomeLn 3$363
Other incomeLn 4–11$14K
Total revenueLn 12$329K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 657
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$30K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$194K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$194K$0
LiabilitiesLn 26$48K$0
Net assetsLn 32$146K$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$418K$418K
Management feesLn 11a$28K$28K
Other fees for servicesLn 11g$19K$12K$7K
Advertising and promotionLn 12$250$62$150$38
Office expensesLn 13$3K$579$2K$347
Information technologyLn 14$172$43$103$26
TravelLn 17$923$231$554$138
Conferences, conventions and meetingsLn 19$108$28$64$16
Other expenses (24a–d)Ln 24$6K$2K$2K$2K
Total functional expensesLn 25$475K$433K$33K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Aug 11, 2021 $329K$475K−$146K$0 990 PDF

Schedules filed Part IV

I · Grants M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $328,965 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,074$314,602
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,020$363
I-11 Other revenuePrior year $0$14,000
I-12 Total revenuePrior year $533,094$328,965
I-13 Grants and similar amounts paidPrior year $519,033$418,345
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,036$56,713
I-18 Total expensesPrior year $636,069$475,058
I-19 Revenue less expensesPrior year −$102,975−$146,093
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $328,965 across 7 lines filed
VIII-1d Related organizations$30,493
VIII-1f All other contributions, gifts and grants$284,109
VIII-1g Noncash contributions (included above)$30,034
VIII-1h Total contributions, gifts and grants$314,602
VIII-3 Investment incomeExcluded from tax $363$363
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $14,000$14,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,363$328,965
Part IX · Statement of functional expenses $475,058 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $418,345$418,345
IX-11a Management feesManagement $27,974$27,974
IX-11g Other fees for servicesPrograms $11,655 · Fundraising $6,993$18,648
IX-12 Advertising and promotionPrograms $62 · Management $150 · Fundraising $38$250
IX-13 Office expensesPrograms $579 · Management $1,907 · Fundraising $347$2,833
IX-14 Information technologyPrograms $43 · Management $103 · Fundraising $26$172
IX-17 TravelPrograms $231 · Management $554 · Fundraising $138$923
IX-19 Conferences, conventions and meetingsPrograms $28 · Management $64 · Fundraising $16$108
IX-24 Other expenses (24a–d)Programs $1,666 · Management $2,472 · Fundraising $1,667$5,805
IX-25 Total functional expensesPrograms $432,609 · Management $33,224 · Fundraising $9,225$475,058
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $194,461$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $194,461$0
X-17 Accounts payable and accrued expensesStart of year $48,368$0
X-26 Total liabilitiesStart of year $48,368$0
X-27 Net assets without donor restrictionsStart of year $146,093$0
X-32 Total net assets or fund balancesStart of year $146,093$0
X-33 Total liabilities and net assetsStart of year $194,461$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$328,965
XI-2 Total expenses$475,058
XI-3 Revenue less expenses−$146,093
XI-4 Net assets at start of year$146,093
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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