Civic Intelligence

The Springboard Initiative

990 • Fiscal year 2016 • EIN 81-0736392

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
611 WASHINGTON STREET Suite 2101San Francisco, CA 94111

(415) 397-7900

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

$39,748

No earlier filing loaded for comparison.

Net Assets

$39,748

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin54th percentile

Revenue

$375,000

No earlier filing loaded for comparison.

Expenses

$356,226

No earlier filing loaded for comparison.

Net Income

$18,774

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2016: $39,748Liabilities 2016: $0Net Assets 2016: $39,7482016Assets 2017: $15,280Liabilities 2017: $0Net Assets 2017: $15,2802017Assets 2018: $97Liabilities 2018: $0Net Assets 2018: $972018Assets 2019: $97Liabilities 2019: $0Net Assets 2019: $972019Assets 2020: $155Liabilities 2020: $0Net Assets 2020: $1552020Assets 2021: $18,378Liabilities 2021: $0Net Assets 2021: $18,3782021Assets 2022: $49,556Liabilities 2022: $0Net Assets 2022: $49,5562022Assets 2023: $55,434Liabilities 2023: $0Net Assets 2023: $55,4342023Assets 2024: $5,120Net Assets 2024: $5,1202024

Highlighted filing

2016

Assets$39,748
Liabilities$0
Net Assets$39,748
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0-$100KRevenue 2016: $375,000Expenses 2016: $356,226Net Income 2016: $18,7742016Revenue 2017: $225,000Expenses 2017: $249,468Net Income 2017: -$24,4682017Revenue 2018: $54,010Expenses 2018: $69,193Net Income 2018: -$15,1832018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $11,775Expenses 2020: $11,717Net Income 2020: $582020Revenue 2021: $85,000Expenses 2021: $66,777Net Income 2021: $18,2232021Revenue 2022: $50,000Expenses 2022: $18,822Net Income 2022: $31,1782022Revenue 2023: $25,000Expenses 2023: $19,122Net Income 2023: $5,8782023Revenue 2024: $33,522Expenses 2024: $38,836Net Income 2024: -$5,3142024

Highlighted filing

2016

Revenue$375,000
Expenses$356,226
Net Income$18,774
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$375,000
Mission and Program Overview

Mission

The specific purpose of this corporation is to develop a program to educate, mentor, train and support underprivileged minorities living in the sf bay area of ca in order for them to secure long-term employment in high technology companies operating in the sf bay area of ca.

The goals of this foundation are to help underprivileged minorites in the bay area secure long-term employment in high tech companies operating in the sf bay area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,053$39,748▲ $23,695
Rtn Earn Endowment Incm Other Fnds$16,053$39,748▲ $23,695
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$16,053$39,748▲ $23,695
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,053$39,748▲ $23,695
Total Liabilities and Net Assets / Fund Balance$16,053$39,748▲ $23,695
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Sigmund AndermanPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$375,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$375,000
Change in Net Assets
$18,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$302,226
Salaries, Compensation, and Employee Benefits$54,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,500$40,500-$54,000
All Other Expenses$16,535$19,696-$36,231
Fees for Services Legal-$14,566-$14,566
Other Expenses$153,280$6,357-$6,357
Advertising-$6,120-$6,120
Office Expenses-$4,600-$4,600
Total Functional Expenses$256,815$99,411$0$356,226
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Springboard Initiative
EIN
81-0736392
In Care Of
% SIGMUND ANDERMAN
Phone
4153977900
Address
611 WASHINGTON STREET Suite 2101, SAN FRANCISCO, CA 94111

Signing Officer

Name
Sigmund Anderman
Title
President
Phone
4153977900
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sigmund Anderman
Formed
2015
Legal Domicile
CA
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Bdo USA Llp
Address
ONE BUSH STREET STE 1800, SAN FRANCISCO, CA 94104-4425
Preparer
Francois M Hechinger
Phone
4153977900
Supplemental Narrative

Additional Explanations

form 990 part XI line 9

“These are payments made in 2015 but were cleared in 2016.”

Form 990 Part IX Line 24 - Other Expenses

“Description:corporate bias training total expenses:7875 program services:7875”

Form 990 Part IX Line 24 - Other Expenses

“Description:mentor management total expenses:8660 program services:8660”

Form 990 Part IX Line 24 - Other Expenses

“Description:rent expense total expenses:19696 management and general:19696”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0These are payments made in 2015 but were cleared in 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION:CORPORATE BIAS TRAINING TOTAL EXPENSES:7875 PROGRAM SERVICES:7875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION:MENTOR MANAGEMENT TOTAL EXPENSES:8660 PROGRAM SERVICES:8660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:RENT EXPENSE TOTAL EXPENSES:19696 MANAGEMENT AND GENERAL:19696
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0form 990 part xi line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt016053
IRS990/TotalAssetsGrp/EOYAmt039748
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IRS990/TotalContributionsAmt0375000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099411
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0256815
IRS990/TotalFunctionalExpensesGrp/TotalAmt0356226
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039748
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375000
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039748
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
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IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094111
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SIGMUND ANDERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04153977900
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SPRINGBOARD INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0810736392
ReturnHeader/Filer/InCareOfNm0% SIGMUND ANDERMAN
ReturnHeader/Filer/PhoneNum04153977900
ReturnHeader/Filer/USAddress/AddressLine1Txt0611 WASHINGTON STREET Suite 2101
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02F015319A657A466DEFC10215CF583727CCDAB84
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02F015319A657A466DEFC10215CF583727CCDAB84
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId094384120172585000284
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-09-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.14.104.210
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BUSH STREET STE 1800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0941044425
ReturnHeader/PreparerPersonGrp/PhoneNum04153977900
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCOIS M HECHINGER
ReturnHeader/ReturnTs02017-09-15T18:06:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,748
Liabilities
$0
Net assets
$39,748
Revenue
$375,000
Expenses
$356,226
Net income
$18,774
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.34$0.39$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.25$0.19$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.50$0.19$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.85$0.67$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.12$0.12$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.54$0.69$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$2.25$2.49$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$3.75$3.56$0.19