Civic Intelligence

Springboard Landings Inc.

990 • Fiscal year 2018 • EIN 80-0650695

Jan 01, 2018 to Dec 31, 2018 • Filed on May 17, 2019

179 Belle Forest CircleNashville, TN 37221

(615) 719-9060

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

31st percentile

0.03x

Higher debt load relative to revenue than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

2nd percentile

-40%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-81%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,365,080

Down $1,571,407 (-40%) from 2017

Net Assets

Down

$2,363,571

Down $1,572,031 (-40%) from 2017

Liabilities

Up

$1,509

Up $624 (+71%) from 2017

Revenue

Down

$48,575

Down $212,307 (-81%) from 2017

Expenses

Up

$64,115

Up $4,762 (+8.0%) from 2017

Net Income

Down

-$15,540

Down $217,069 (-108%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $3,732,402Liabilities 2016: $885Net Assets 2016: $3,731,5172016Assets 2017: $3,936,487Liabilities 2017: $885Net Assets 2017: $3,935,6022017Assets 2018: $2,365,080Liabilities 2018: $1,509Net Assets 2018: $2,363,5712018Assets 2019: $2,406,737Liabilities 2019: $0Net Assets 2019: $2,406,7372019Assets 2020: $2,284,612Liabilities 2020: $0Net Assets 2020: $2,284,6122020Assets 2021: $2,336,537Liabilities 2021: $1,066Net Assets 2021: $2,335,4712021Assets 2022: $2,479,908Liabilities 2022: $0Net Assets 2022: $2,479,9082022Assets 2023: $2,663,215Liabilities 2023: $216Net Assets 2023: $2,662,9992023Assets 2024: $2,794,661Liabilities 2024: $3,951Net Assets 2024: $2,790,7102024

Highlighted filing

2018

Assets$2,365,080
Liabilities$1,509
Net Assets$2,363,571

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2016: $3,668,451Expenses 2016: $28,292Net Income 2016: $3,640,1592016Revenue 2017: $260,882Expenses 2017: $59,353Net Income 2017: $201,5292017Revenue 2018: $48,575Expenses 2018: $64,115Net Income 2018: -$15,5402018Revenue 2019: $77,313Expenses 2019: $44,755Net Income 2019: $32,5582019Revenue 2020: -$1,619,455Expenses 2020: $45,998Net Income 2020: -$1,665,4532020Revenue 2021: $98,549Expenses 2021: $47,023Net Income 2021: $51,5262021Revenue 2022: $206,785Expenses 2022: $56,693Net Income 2022: $150,0922022Revenue 2023: $285,618Expenses 2023: $102,509Net Income 2023: $183,1092023Revenue 2024: $254,404Expenses 2024: $125,497Net Income 2024: $128,9072024

Highlighted filing

2018

Revenue$48,575
Expenses$64,115
Net Income-$15,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 17, 2019
Return Version
2018v3.1
Gross Receipts
$48,575
Mission and Program Overview

Mission

To provide adults with developmental disabilities above the intellectual disability range an option for independent living in a residential community-centered atmosphere with a limited amount of support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,652,785$2,100,000▼ $1,552,785
Savings and Temporary Cash Investments$200,977$175,649▼ $25,328
Investments in Publicly Traded Securities$61,465$59,951▼ $1,514
Cash and Non-Interest-Bearing Accounts$21,260$29,180▲ $7,920
Prepaid Expenses and Deferred Charges-$300-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,936,487$2,365,080▼ $1,571,407
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$885$1,509▲ $624
Total Liabilities$885$1,509▲ $624
Net Assets / Fund Balance
Unrestricted Net Assets$3,935,602$2,363,571▼ $1,572,031
Total Net Assets Fund Balance$3,935,602$2,363,571▼ $1,572,031
Total Liabilities and Net Assets / Fund Balance$3,936,487$2,365,080▼ $1,571,407

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,100,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sara K ButlerPresident
John P CooperVice President
Charles B CooperDirector
J Ward ChaffinDirector
Mark HuntDirector
PJ McWilliam PhDDirector
R Matthew NicksDirector
Richard ChambersSecretary
Dawn M BagbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,690
Program Service Revenue
$0
Investment Income
$3,885
Other Revenue
$0
All Other Contributions
$44,690
Change in Net Assets
$-15,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,400
Revenue Not Reported on Financial Statements
$175
Revenue Not Reported on Form 990
$-3,706
Total Revenue per Audited Statements
$44,694
Total Revenue per Form 990
$48,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,266
Other Expenses$20,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$40,191-$40,191
Occupancy-$3,600-$3,600
Payroll Taxes-$3,075-$3,075
Insurance-$2,892-$2,892
Fees for Services Accounting-$2,295-$2,295
Advertising-$1,619-$1,619
Office Expenses-$1,058-$1,058
Other Expenses-$220-$220
Fees for Service Investment Mgmnt Fees-$175-$175
All Other Expenses-$154-$154
Total Functional Expenses$0$64,115$0$64,115

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$64,115
Expenses per Audited Statements$63,940
Total Expenses per Audited Statements$63,940
Expenses Not Reported on Financial Statements$175
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The President and Charles B. Cooper, Director, review the Form 990 before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The directors and officers are required to complete a conflict of interest disclosure statement each year and fully disclose any interest that is considered self-dealing or a conflict of interest.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Springboard Landings Inc
EIN
80-0650695
Phone
6157199060
Address
179 Belle Forest Circle, Nashville, TN 37221

Signing Officer

Name
Sara K Butler
Title
President
Signed
2019-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara K Butler
Formed
2010
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Cooper Travis & Company PLC
Address
3008 Poston Ave, Nashville, TN 37203
Preparer
Trent J Mitchell CPA
Phone
6153294500
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Land Valuation Adjustment = -$1552785

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IRS990/PYOtherExpensesAmt020599
IRS990/PYOtherRevenueAmt08500
IRS990/PYRevenuesLessExpensesAmt0201529
IRS990/PYSalariesCompEmpBnftPaidAmt038754
IRS990/PYTotalExpensesAmt059353
IRS990/PYTotalRevenueAmt0260882
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-15540
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200977
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0175649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt044690
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0251812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt038421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt035904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt031487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0402314
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03885
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012998
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.36250
IRS990ScheduleA/PublicSupportPY170Pct00.33660
IRS990ScheduleA/PublicSupportTotal170Amt0150563
IRS990ScheduleA/SubstantialContributorsTotAmt0251751
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt044690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0251812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt038421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt035904
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt031487
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0402314
IRS990ScheduleA/TotalSupportAmt0415312
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0175
IRS990ScheduleD/ExpensesSubtotalAmt063940
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0175
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0175
IRS990ScheduleD/LandGrp/BookValueAmt02100000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02100000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3706
IRS990ScheduleD/RevenueNotReportedAmt0-3706
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0175
IRS990ScheduleD/RevenueSubtotalAmt048400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02100000
IRS990ScheduleD/TotalExpensesPerForm990Amt064115
IRS990ScheduleD/TotalRevenuePerForm990Amt048575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt063940
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President and Charles B. Cooper, Director, review the Form 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The directors and officers are required to complete a conflict of interest disclosure statement each year and fully disclose any interest that is considered self-dealing or a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Land Valuation Adjustment = -$1552785
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03936487
IRS990/TotalAssetsEOYAmt02365080
IRS990/TotalAssetsGrp/BOYAmt03936487
IRS990/TotalAssetsGrp/EOYAmt02365080
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt044690
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064115
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt064115
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0885
IRS990/TotalLiabilitiesEOYAmt01509
IRS990/TotalLiabilitiesGrp/BOYAmt0885
IRS990/TotalLiabilitiesGrp/EOYAmt01509
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03935602
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02363571
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03885
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt048575
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03936487
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02365080
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03935602
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02363571
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0179 Belle Forest Circle 301
IRS990/USAddress/CityNm0Nashville
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037221
IRS990/VotingMembersGoverningBodyCnt09

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