Springboard 2000 Enterprises INC FY2021 filing

Tax-deductible

McLean, VA501(c)(3)EmploymentEIN 52-2266068Revenue $2.1M in FY2021

On file with the IRSspringboardenterprises.org1390 Chain Bridge Road 10082, 22101-3904 · McLean, VATax-exempt since Mar 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Springboard Enterprises is the premier platform where entrepreneurs, investors, and industry experts meet to build great women-led businesses. Springboard sources, coaches, showcases women leading high growth companies seeking equity capital for product development.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$300K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $42K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$300K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $313K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$286K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+13% vs prior year
Spent
$2.0M
To programs
71%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$2.1M
FY2021▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$2.1M
FY2023$1.5M
FY2024$2.2M
Expenses
$2.0M
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$2.0M
FY2023$1.9M
FY2024$2.1M
Net assets
$1.1M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.3M
FY2023$919K
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2001.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.4M Management & general 24% · $474K Fundraising 5% · $102K

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

9 people listed on the 990; $300K paid to officers and key staff.

Part VII, Section A · reportable compensation
$300,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Natalie Buford-Young’s $201K as CEO from 01/01/24 Until 04/19/24 is at the 84th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Natalie Buford-Young$200,962$355,000$345,000$300,000—
Amy Millman————$118,608
Matthew Barager$103,500————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects women entrepreneurs with investors and experts to build high-growth businesses.

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Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2021
01

Accelerator Program

The organization holds accelerators for women-led companies seeking institutional investments and involve hundreds of innovators, investors, influencers and industry experts. Current accelerator programs held by the organization include, health innovation hub, tech innovation hub, springboard australia and new york fashion tech lab.

$1.2Mprogram expense
02

Community Program

The organization holds community programs to help provide knowledge, feedback and strategy to businesses in the community. Current community programs include, dolphin tank sessions, corporate and community innovation sessions, women transforming industries initiative, and various outreach and education programs.

$178Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
IncubateFY2024$30K
Total grants receivedfrom 5 funders$313K
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$1000K
Investment incomeLn 3$129
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$474K
Fundraisingcol D$102K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$286K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$139K
Fees for servicesLn 2g$1000K
Investment incomeLn 3$129
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$286K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 518
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$176K$286K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$300K$225K$57K$18K
Other salaries and wagesLn 7$719K$533K$140K$45K
Other employee benefitsLn 9$27K$20K$5K$2K
Payroll taxesLn 10$87K$64K$17K$5K
Accounting feesLn 11c$117K$117K
Other fees for servicesLn 11g$565K$449K$91K$25K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$92K$46K$45K$1K
OccupancyLn 16$854$410$444
TravelLn 17$3K$2K$167$800
Conferences, conventions and meetingsLn 19$54K$52K$747$1K
Other expenses (24a–d)Ln 24$12K$8K$444$3K
Total functional expensesLn 25$2.0M$1.4M$474K$102K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$2.1M$176K$1.1M 990 PDF
FY2023 $1.5M$1.9M−$344K$919K 990 PDF
FY2022 $2.1M$2.0M$154K$1.3M 990 PDF
FY2021 Viewing $2.1M$2.0M$85K$1.1M 990 PDF
FY2020 $1.8M$1.7M$142K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,082,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $545,772$1,083,085
I-9 Program service revenuePrior year $1,293,144$999,515
I-10 Investment incomePrior year $3,822$129
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,842,738$2,082,729
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $736,820$1,131,919
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $964,091$866,055
I-18 Total expensesPrior year $1,700,911$1,997,974
I-19 Revenue less expensesPrior year $141,827$84,755
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,082,729 across 6 lines filed
VIII-1e Government grants$138,617
VIII-1f All other contributions, gifts and grants$944,468
VIII-1h Total contributions, gifts and grants$1,083,085
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $999,515$999,515
VIII-3 Investment incomeExcluded from tax $129$129
VIII-12 Total revenueRelated to mission $999,515 · Unrelated business $0 · Excluded from tax $129$2,082,729
Part IX · Statement of functional expenses $1,997,974 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $225,000 · Management $57,000 · Fundraising $18,000$300,000
IX-7 Other salaries and wagesPrograms $532,969 · Management $140,233 · Fundraising $45,472$718,674
IX-9 Other employee benefitsPrograms $19,697 · Management $5,166 · Fundraising $1,650$26,513
IX-10 Payroll taxesPrograms $64,437 · Management $16,899 · Fundraising $5,396$86,732
IX-11c Accounting feesManagement $117,150$117,150
IX-11g Other fees for servicesPrograms $448,583 · Management $91,477 · Fundraising $25,400$565,460
IX-12 Advertising and promotionPrograms $22,073$22,073
IX-13 Office expensesPrograms $46,464 · Management $44,611 · Fundraising $1,246$92,321
IX-16 OccupancyPrograms $410 · Management $444$854
IX-17 TravelPrograms $1,951 · Management $167 · Fundraising $800$2,918
IX-19 Conferences, conventions and meetingsPrograms $51,701 · Management $747 · Fundraising $1,103$53,551
IX-24 Other expenses (24a–d)Programs $7,880 · Management $444 · Fundraising $3,404$11,728
IX-25 Total functional expensesPrograms $1,421,165 · Management $474,338 · Fundraising $102,471$1,997,974
Part X · Balance sheet $1,407,030 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,144,975$1,381,628
X-4 Accounts receivableStart of year $60,509$2,825
X-9 Prepaid expenses and deferred chargesStart of year $7,022$22,577
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,212,506$1,407,030
X-17 Accounts payable and accrued expensesStart of year $6,609$5,656
X-19 Deferred revenueStart of year $169,400$280,300
X-26 Total liabilitiesStart of year $176,009$285,956
X-27 Net assets without donor restrictionsStart of year $739,668$1,098,045
X-28 Net assets with donor restrictionsStart of year $296,829$23,029
X-32 Total net assets or fund balancesStart of year $1,036,497$1,121,074
X-33 Total liabilities and net assetsStart of year $1,212,506$1,407,030
Part XI · Reconciliation of net assets $1,121,074 net assets at year end
XI-1 Total revenue$2,082,729
XI-2 Total expenses$1,997,974
XI-3 Revenue less expenses$84,755
XI-4 Net assets at start of year$1,036,497
XI-5 Net unrealized gains (losses) on investments−$177
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,121,074

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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