Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Springboard Incubators Inc.
990EZ • Fiscal year 2019 • EIN 81-4200249
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
6.71x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
94th percentile
Faster revenue growth than 94% of similar nonprofits.
Balance Sheet
Assets
Down$23,978
Down $9,949 (-29%) from 2018
Net Assets
Down-$136,951
Down $21,279 (-18%) from 2018
Liabilities
Up$160,929
Up $11,330 (+7.6%) from 2018
Revenue And Expenses
Revenue
Up$76,457
Up $46,539 (+156%) from 2018
Expenses
Up$97,736
Up $15,147 (+18%) from 2018
Net Income
Up-$21,279
Up $31,392 (+60%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Sep 1, 2018 to Aug 31, 2019
- Signed
- Mar 30, 2020
- Return Version
- 2018v3.1
- Gross Receipts
- $76,457
Mission and Program Overview
Mission
Springboard's main mission is to bridge the digital divide, but more importantly the knowledge divide in technology for our region through educational programs and workshops. Our focus is to prepare individuals interested in pursuing careers in computer science and technology by putting them through courses in our workshops and life enrichment programs.
Springboard innovation hub provides virtual office spaces, high-speed internet access, private meeting rooms, desks space, collaborative areas, and large co-meeting rooms. We provide mentoring for startups, business development workshops, and access to a wide network of support services. Our startup and tenants can expect the constant dissemination of relevant information providing guidance and insights for marketing and growing their business. Schools and universities can also benefit from springboard's many workshops geared to understanding how technology can be harnessed and used as a vehicle to drive a successful business.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS. | $0 | $72,183 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| STEVEN LINDO | President | FT | $0 | - | - |
| MERTON A OWENS | Vice President | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Springboard Incubators Inc
- EIN
- 81-4200249
- Phone
- 5164142000
- Address
- 50 CLINTON STREET, HEMPSTEAD, NY 11550
Signing Officer
- Name
- Steven Lindo
- Title
- President
- Phone
- 5164142000
- Signed
- 2020-03-30
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Cerini & Associates Llp
- Address
- 3340 VETERANS MEMORIAL HWY, BOHEMIA, NY 11716
- Preparer
- Kenneth Cerini
- Phone
- 6315821600
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: rental income. Amount: 3,969.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and promotion expense. Amount: 63. Description: automobile expense. Amount: 484. Description: computer and internet expenses. Amount: 3,138. Description: depreciation expense. Amount: 7,180. Description: office expenses. Amount: 475. Description: paypal fees. Amount: 225. Description: payroll processing fee. Amount: 844. Description: tutoring expenses. Amount: 75. Description: other expenses. Amount: 1,056. Description: other program expenses. Amount: 615. Description: program supplies expense. Amount: 2,693. Total to form 990-ez, line 16: 16,848.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: security deposit. Beg. Of year amount: 9,004. End of year amount: 9,004. Description: other depreciable assets. Beg. Of year amount: 16,335. End of year amount: 9,155.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loans from board members. Beg. Of year amount: 148,454. End of year amount: 160,929. Description: other loans payable. Beg. Of year amount: 1,145. End of year amount: 0.”
Raw XML Appendix138 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | STEVEN LINDO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5164142000 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 50 CLINTON STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HEMPSTEAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11550 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 8588 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 5819 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1696 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -21279 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 14040 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 33927 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 23978 |
| IRS990EZ/GrossReceiptsAmt | 0 | 76457 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -115672 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -136951 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -115672 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -136951 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 55803 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | STEVEN LINDO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MERTON A OWENS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 25339 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 18159 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16848 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 3969 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 70792 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 72183 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 11045 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 149599 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 160929 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 97736 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 72183 |
| IRS990EZ/TotalRevenueAmt | 0 | 76457 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | SPRINGBOARDINCUBATORS.ORG |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1696 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 29918 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 31614 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 31614 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1696 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 29918 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 31614 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 31614 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: RENTAL INCOME. AMOUNT: 3,969. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND PROMOTION EXPENSE. AMOUNT: 63. DESCRIPTION: AUTOMOBILE EXPENSE. AMOUNT: 484. DESCRIPTION: COMPUTER AND INTERNET EXPENSES. AMOUNT: 3,138. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 7,180. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 475. DESCRIPTION: PAYPAL FEES. AMOUNT: 225. DESCRIPTION: PAYROLL PROCESSING FEE. AMOUNT: 844. DESCRIPTION: TUTORING EXPENSES. AMOUNT: 75. DESCRIPTION: OTHER EXPENSES. AMOUNT: 1,056. DESCRIPTION: OTHER PROGRAM EXPENSES. AMOUNT: 615. DESCRIPTION: PROGRAM SUPPLIES EXPENSE. AMOUNT: 2,693. TOTAL TO FORM 990-EZ, LINE 16: 16,848. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 9,004. END OF YEAR AMOUNT: 9,004. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 16,335. END OF YEAR AMOUNT: 9,155. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: LOANS FROM BOARD MEMBERS. BEG. OF YEAR AMOUNT: 148,454. END OF YEAR AMOUNT: 160,929. DESCRIPTION: OTHER LOANS PAYABLE. BEG. OF YEAR AMOUNT: 1,145. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEVEN LINDO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5164142000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-03-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SPRINGBOARD INCUBATORS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SPRI |
| ReturnHeader/Filer/EIN | 0 | 814200249 |
| ReturnHeader/Filer/PhoneNum | 0 | 5164142000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 50 CLINTON STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HEMPSTEAD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11550 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 351049000885B529C1FA095352C05E19FA06F491 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 4C083EEFD4026DF374F7D6B927D746504F1E31CC |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 167.206.147.54 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-03-30 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:19:12 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 113066459 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CERINI & ASSOCIATES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3340 VETERANS MEMORIAL HWY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOHEMIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11716 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6315821600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-03-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KENNETH CERINI |
| ReturnHeader/ReturnTs | 0 | 2020-03-30T15:02:01-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-09-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-08-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $23,978
- Liabilities
- $160,929
- Net assets
- -$136,951
- Revenue
- $76,457
- Expenses
- $97,736
- Net income
- -$21,279