The Springboard Foundation

“The organization has two classes of members: The Class A member is The Chicago Community Foundation, and The Class B members are appointed by the individual members elected.”

“The Class A member (The Chicago Community Foundation) appoints the initial Class B members and thereafter the Class B members may elect as additional members any persons who make the Minimal Annual Contribution to The Springboard Foundation (either by annual gifts or by an endowment contribution) from time to time determined by the Class B members.”

“The Class A member (The Chicago Comunity Foundation) shall take any action required by a resolution adopted by the Class A member's own Board of Directors. The Class B member shall take any action required by a vote of the Class B members.”

“The Form 990 is mailed to the President and Treasurer of the Board for review and approval before filing with the IRS. The report is subsequently shared with the full Board.”

“A copy of the governing documents, conflict of interest policy and financial statement are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Currently the organization does not have a formal conflict of interest policy, whistleblower policy or document retention & destruction policy. Springboard currently follows the policies of The Chicago Community Trust.”

“Activities of the Board include: attending and preparing for Board meetings, grant reviews, strategic planning, and various administrative matters; serving on various sub-committees of the Foundation; recruiting new Board members; and representing the Foundation at various events.”

“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.”

“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.”

“The audit committee of the supported organization, The Chicago Community Trust, assumes responsibility for all oversight of the audit and review of the financial statements and selection of the independent accountants.”