Civic Intelligence

The Springboard Initiative

990 • Fiscal year 2019 • EIN 81-0736392

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 15, 2020

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

(425) 241-6061

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

0.0%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Flat

$97

Flat from 2018

Net Assets

Flat

$97

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $54,010 (-100%) from 2018

Expenses

Down

$0

Down $69,193 (-100%) from 2018

Net Income

Up

$0

Up $15,183 (+100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

2019

Assets$97
Liabilities$0
Net Assets$97
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

2019

Revenue$0
Expenses$0
Net Income$0
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 15, 2020
Return Version
2019v5.1
Gross Receipts
$0
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$97$97→ $0
Rtn Earn Endowment Incm Other Fnds$97$97→ $0
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$97$97→ $0
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$97$97→ $0
Total Liabilities and Net Assets / Fund Balance$97$97→ $0
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Sigmund AndermanCEO & President/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Section B Line 11B

“The organization's Form 990 undergoes a number of internal and external reviews before it is filed with the IRS. The return is prepared by the organizations public accounting firm, BDO USA and is reviewed by the organizations Program Director. A final draft of the Form 990 is provided to it's only member before it is filed with the IRS.”

Form 990 Part VI Section C Line 19

“Financial documents pertaining to the foundation are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Springboard Initiative
EIN
81-0736392
In Care Of
% SIGMUND ANDERMAN
Phone
4252416061
Address
611 WASHINGTON STREET Suite 2101, SAN FRANCISCO, CA 94111

Signing Officer

Name
Sigmund Anderman
Title
President
Phone
4252416061
Signed
2020-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sigmund Anderman
Formed
2015
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
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

990 Part IX - Line 11G

“Amount paid to independent contractors.”

Raw XML Appendix345 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & PRESIDENT/DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMOUNT PAID TO INDEPENDENT CONTRACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's Form 990 undergoes a number of internal and external reviews before it is filed with the IRS. The return is prepared by the organizations public accounting firm, BDO USA and is reviewed by the organizations Program Director. A final draft of the Form 990 is provided to it's only member before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL DOCUMENTS PERTAINING TO THE FOUNDATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART IX - LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION C LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SPRINGBOARD INITIATIVE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BUSH STREET STE 1800
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ReturnHeader/ReturnTs02020-09-01T18:06:41-05:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97
Liabilities
$0
Net assets
$97
Revenue
$0
Expenses
$0
Net income
$0
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