The Boost Pad equips emerging entrepreneurs with the strategic guidance and support needed to develop innovative solutions build sustainable enterprises and advance economic mobility throughout Charlotte.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$172K
-25% vs prior year
Spent
$196K
To programs
89%
Net assets
$94K
By yearFY2021–FY2025
Revenue
$172K
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2021$207K
FY2022$188K
FY2023$230K
FY2024$172K
FY2025$138K
Expenses
$196K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$103K
FY2022Not on file
FY2023$213K
FY2024$196K
FY2025$220K
Net assets
$94K
FY2024▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2021$110K
FY2022$185K
FY2023$118K
FY2024$94K
FY2025$12K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $174K Management & general 11% · $21K Fundraising 1% · $2K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Exec. Dir
$49,225Pt VII · Sec A
Co-Exec. Dir
$30,850Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Steven Lewis’s $38K as Co-Exec Dir is at the 20th percentile of top reported officer pay among 1709 $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

NameFY2025FY2024FY2023FY2022FY2021
Steven Lewis$37,600$49,225$43,400$41,500$12,000
Joan Randall$32,113$30,850$29,400$28,300$8,000
Charles Kearse———$15,000—
Mark Babaran———$5,940—

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.

See Boost Pad INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers aspiring founders and businesses to boost community economic mobility and equality.

Questions for Boost Pad INC

Tap to ask. Boost Pad INC sees how many people are interested.

Your first name shows with your question. Boost Pad INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $174K · in their own filed words · FY2024
01

Inclusive Entrepreneurship Accelerator Program

The boost pad was founded to promote inclusive entrepreneurship by supporting early-stage businesses led by under-resourced founders. In its inaugural year, the organization established its core infrastructure, developed a foundational curriculum, formed strategic community partnerships, and launched its first accelerator program.

$174Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 2 grants · $19K · 2025–2025
Unitemized GrantFY2025$13,000
Unitemized GrantFY2025$6,300

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$172K
Ln 12
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$4K
Investment incomeLn 3$21
Money outPt IX
$196K
Ln 25
Programscol B$174K
Managementcol C$21K
Fundraisingcol D$2K
Owns and owesPt X
$94K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$94K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Government grantsLn 1e$50K
Fees for servicesLn 2g$4K
Investment incomeLn 3$21
Gains on assetsLn 7−$12K
Total revenueLn 12$172K
Assets in detailPt X, end of year
CashLn 1$70K
Cash and savings togetherLn 1–2$70K
Land, buildings, equipmentLn 10c$515
Other assetsLn 15$22K
Total assetsLn 16$94K
LiabilitiesLn 26$0
Net assetsLn 32$94K
OperationsPt I, VI
EmployeesI 53
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$95K$70K
Land, buildings, equipmentLn 10c$515
Total assetsLn 16$123K$94K
LiabilitiesLn 26$5K$0
Net assetsLn 32$118K$94K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$80K$80K
Other salaries and wagesLn 7$6K$6K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$6K$6K
Professional fundraising feesLn 11e$2K$2K
Other fees for servicesLn 11g$51K$37K$14K
Advertising and promotionLn 12$864$864
Office expensesLn 13$1K$1K
OccupancyLn 16$3K$3K
TravelLn 17$683$683
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$7K$7K$208
Total functional expensesLn 25$196K$174K$21K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $138K$220K−$82K$12K 990 PDF
FY2024 Viewing $172K$196K−$25K$94K 990 PDF
FY2023 $230K$213K$17K$118K 990 PDF
FY2022 $188K$185K 990 PDF
FY2021 $207K$103K$104K$110K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $171,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $229,211$180,437
I-9 Program service revenue$3,600
I-10 Investment incomePrior year $1,011−$12,479
I-11 Other revenue$0
I-12 Total revenuePrior year $230,222$171,558
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $104,034$92,814
I-16a Professional fundraising feesPrior year $1,422$1,755
I-17 Other expensesPrior year $107,268$101,621
I-18 Total expensesPrior year $212,724$196,190
I-19 Revenue less expensesPrior year $17,498−$24,632
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $171,558 across 7 lines filed
VIII-1e Government grants$50,000
VIII-1f All other contributions, gifts and grants$130,437
VIII-1h Total contributions, gifts and grants$180,437
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,600$3,600
VIII-3 Investment incomeRelated to mission $21$21
VIII-7 Net gain or loss on sales of assetsRelated to mission −$12,500−$12,500
VIII-12 Total revenueRelated to mission −$8,879$171,558
Part IX · Statement of functional expenses $196,190 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,075$80,075
IX-7 Other salaries and wagesPrograms $5,630$5,630
IX-10 Payroll taxesPrograms $7,109$7,109
IX-11c Accounting feesPrograms $6,305$6,305
IX-11e Professional fundraising feesFundraising $1,755$1,755
IX-11g Other fees for servicesPrograms $36,532 · Management $14,428$50,960
IX-12 Advertising and promotionPrograms $864$864
IX-13 Office expensesManagement $1,103$1,103
IX-16 OccupancyManagement $2,769$2,769
IX-17 TravelPrograms $683$683
IX-22 Depreciation, depletion and amortizationPrograms $1,093$1,093
IX-23 InsuranceManagement $2,185$2,185
IX-24 Other expenses (24a–d)Programs $28,663$28,663
IX-24e All other expensesPrograms $6,788 · Management $208$6,996
IX-25 Total functional expensesPrograms $173,742 · Management $20,693 · Fundraising $1,755$196,190
Part X · Balance sheet $93,501 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $95,137$70,486
X-10c Land, buildings and equipment, net$515
X-15 Other assetsStart of year $27,700$22,500
X-16 Total assetsStart of year $122,837$93,501
X-26 Total liabilitiesStart of year $4,704$0
X-27 Net assets without donor restrictionsStart of year $118,133$93,501
X-32 Total net assets or fund balancesStart of year $118,133$93,501
X-33 Total liabilities and net assetsStart of year $122,837$93,501
Part XI · Reconciliation of net assets $93,501 net assets at year end
XI-1 Total revenue$171,558
XI-2 Total expenses$196,190
XI-3 Revenue less expenses−$24,632
XI-4 Net assets at start of year$118,133
XI-10 Net assets at end of year$93,501

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.