Civic Intelligence

The Springboard Initiative

990 • Fiscal year 2020 • EIN 81-0736392

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileN/A
611 Washington Street 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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

42nd percentile

0.5%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

60%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$155

Up $58 (+60%) from 2019

Net Assets

Up

$155

Up $58 (+60%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin42nd percentile

Revenue

Up

$11,775

Up $11,775 from 2019

Expenses

Up

$11,717

Up $11,717 from 2019

Net Income

Up

$58

Up $58 from 2019

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2020

Assets$155
Liabilities$0
Net Assets$155
Open 2020 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

2020

Revenue$11,775
Expenses$11,717
Net Income$58
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$11,775
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 minorities in the bay area secure long-term employment in high tech companies operating in the san francisco bay area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$97$155▲ $58
Rtn Earn Endowment Incm Other Fnds$97$155▲ $58
Total Assets$97$155▲ $58
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$97$155▲ $58
Total Liabilities and Net Assets / Fund Balance$97$155▲ $58
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Sigmund AndermanCEO & Presid
Revenue and Support

Revenue Composition

Contributions and Grants
$11,775
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,775
Change in Net Assets
$58
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$10,417--$10,417
Fees for Services Accounting-$1,300-$1,300
Total Functional Expenses$10,417$1,300$0$11,717
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
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
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, Page 6, Part VI, 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 organization's public accounting firm, kawahara & hu, llp and is reviewed by the organization's 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, Page 6, Part VI, 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
Phone
4252416061
Address
611 WASHINGTON STREET 2101, SAN FRANCISCO, CA 94111

Signing Officer

Name
Sigmund Anderman
Title
CEO & President
Phone
4252416061
Signed
2021-11-10

Organization Details

Principal Officer
Sigmund Anderman
Formed
2015
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Kawahara Hu Llp
Address
77 HOOKELE ST FL 3, KAHULUI, HI 96732
Preparer
Mimi S J Hu
Phone
8082445531
Raw XML Appendix231 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 & PRESID
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011775
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE GOALS OF THIS FOUNDATION ARE TO HELP UNDERPRIVILEGED MINORITIES IN THE BAY AREA SECURE LONG-TERM EMPLOYMENT IN HIGH TECH COMPANIES OPERATING IN THE SAN FRANCISCO BAY AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt097
IRS990/NetAssetsOrFundBalancesEOYAmt0155
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACTOR
IRS990/OtherExpensesGrp/ProgramServicesAmt010417
IRS990/OtherExpensesGrp/TotalAmt010417
IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt058
IRS990/RegularMonitoringEnfrcInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt097
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0155
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt054010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0225000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0375000
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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 ORGANIZATION'S PUBLIC ACCOUNTING FIRM, KAWAHARA & HU, LLP AND IS REVIEWED BY THE ORGANIZATION'S 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/ExplanationTxt1FINANCIAL DOCUMENTS PERTAINING TO THE FOUNDATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SIGMUND ANDERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04252416061
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SPRINGBOARD INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0810736392
ReturnHeader/Filer/PhoneNum04252416061
ReturnHeader/Filer/USAddress/AddressLine1Txt0611 WASHINGTON STREET 2101
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094111
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844041433
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt077 HOOKELE ST FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KAHULUI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096732
ReturnHeader/PreparerPersonGrp/PhoneNum08082445531
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIMI S J HU
ReturnHeader/ReturnTs02021-11-12T17:41:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SIGMUND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDERMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$155
Liabilities
$0
Net assets
$155
Revenue
$11,775
Expenses
$11,717
Net income
$58
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