Boost Pad INC FY2024 filing
Empowers aspiring founders and businesses to boost community economic mobility and equality. For fiscal year 2024 it reported $172K in revenue, $196K in expenses, and $94K in net assets.Pt I
- Founded
- 2019
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Charlotte, NC
- Filings
- 5 on file (2021–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 89% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 1.0% | — | — |
| Revenue growth | -25% | — | — |
| Accounting fee ratio | 3% | — | — |
| Fundraising fee ratio | 0.9% | — | — |
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.
Grants
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Filings & Schedule Manifest
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Sources
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