Empowers aspiring founders and businesses to boost community economic mobility and equality.
For fiscal year 2025 it reported $138K in revenue, $220K in expenses, and $12K in net assets.Pt I
Where the money goes · FY2025
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$82K
Where spending went · Part IX cols B–D
87%
13%
Program services $0.87 Management & general $0.13 Fundraising $0.01
Program efficiency
87%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -91% vs prior filing year
Surplus margin
-59%
revenue over expenses, this year▼ -314% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$138K
FY2025▼ -20%
$230K$115K$0
FY2021FY2025
Expenses
$220K
FY2025▲ +12%
$220K$110K$0
FY2021FY2025
Total assets
$30K
FY2025▼ -68%
$123K$61K$0
FY2021FY2025
Total liabilities
$18K
FY2025
$18K$9K$0
FY2021FY2025
Total revenue
$138K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$82K
Total assetsPt X · Ln 16$30K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III
Where the work happens
3 program services account for $191K of program spending, described in the organization's own filed words · FY2025.
01
Next Level Accelerator Cohort Program flagship accelerator | In 2025 The Boost Pads Next Level Accelerator produced strong measurable outcomes for under resourced founders in Charlotte NC. Across Cohort 10 and Cohort 11 52 individuals applied 35 were accepted 31 enrolled and 25 completed the accelerator resulting in a completion rate…
$100Kprogram expense
02
Entrepreneurial Mindset & Founders Training | In 2025 The Boost Pads education and community building programs deepened founders skills and long term success beyond the accelerator cycle. Founders received 590 hours of entrepreneur in residence training and advisory support attended 366 individual networking events and participated in an…
$83Kprogram expense
03
Founder Community Mentorship and Startup Currency Resource Grants | The Boost Pads Startup Currency and capital access initiatives convert philanthropic dollars into direct catalytic resources for under resourced entrepreneurs.
Steven Lewis’s $38K as Co-Exec Dir
is at the 20th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 4 named individuals · Part VII
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.
Individual Steven Lewis · Reported title CO-EXEC DIR · Highest reported compensation $38K · Total expenses $220K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $220K
46%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
-20%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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