Civic Intelligence

Springforward Ventures Inc.

990 • Fiscal year 2025 • EIN 87-3227414

Sep 01, 2024 to Aug 31, 2025 • Filed on Dec 19, 2025

8920 Whiskey Bottom RoadLaurel, MD 20723

(703) 941-8810

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

2nd percentile

-105%

Higher net margin than 2% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

96th percentile

$318,685

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 80.7% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,433,629

Down $429,039 (-23%) from 2024

Net Assets

Down

$1,420,305

Down $415,790 (-23%) from 2024

Liabilities

Down

$13,324

Down $13,249 (-50%) from 2024

Revenue

Up

$395,037

Up $88,190 (+29%) from 2024

Expenses

Up

$810,839

Up $398,091 (+96%) from 2024

Net Income

Down

-$415,802

Down $309,901 (-293%) from 2024

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2024: $1,862,668Liabilities 2024: $26,573Net Assets 2024: $1,836,0952024Assets 2025: $1,433,629Liabilities 2025: $13,324Net Assets 2025: $1,420,3052025

Highlighted filing

2025

Assets$1,433,629
Liabilities$13,324
Net Assets$1,420,305

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2024: $306,847Expenses 2024: $412,748Net Income 2024: -$105,9012024Revenue 2025: $395,037Expenses 2025: $810,839Net Income 2025: -$415,8022025

Highlighted filing

2025

Revenue$395,037
Expenses$810,839
Net Income-$415,802
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Dec 19, 2025
Return Version
2024v5.2
Gross Receipts
$395,037
Mission and Program Overview

Mission

Springforward is an incubator for companies that use the every employee business framework. It builds companies in emerging industries that align with a community need and consist of employees with behavioral health wellness needs.

Springforward is an incubator for companies that use the every employee business framework.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,722,023$1,403,336▼ $318,687
Cash and Non-Interest-Bearing Accounts$135,005$15,402▼ $119,603
Investments in Publicly Traded Securities$0$9,510▲ $9,510
Land, Buildings, and Equipment, Net$5,640$4,896▼ $744
Accounts Receivable$0$485▲ $485
Total Assets$1,862,668$1,433,629▼ $429,039
Liabilities
Accounts Payable and Accrued Expenses$26,573$13,324▼ $13,249
Total Liabilities$26,573$13,324▼ $13,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,836,095$1,420,305▼ $415,790
Total Net Assets Fund Balance$1,836,095$1,420,305▼ $415,790
Total Liabilities and Net Assets / Fund Balance$1,862,668$1,433,629▼ $429,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,302$913$5,215
Equipment$594$519$1,113
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew PlattChairperson
Carol Weld KingVice Chairperson
Piper Phillips CaswellExecutive Director
Mary AkinkugbeTrustee
Rob ArnallTrustee
Stephen MastenTrustee
George NapierSecretary
Dan IrvineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,111
Program Service Revenue
$262,026
Investment Income
$109,378
Other Revenue
$522
All Other Contributions
$23,111
Change in Net Assets
$-415,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,037
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12
Total Revenue per Audited Statements
$395,049
Total Revenue per Form 990
$395,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$727,132
Salaries, Compensation, and Employee Benefits$82,707
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$215,749$197,034-$412,783
Fees for Services Management-$84,336-$84,336
Other Salaries and Wages$45,691$30,460-$76,151
Occupancy$16,250--$16,250
Office Expenses$10,512$2,671-$13,183
Payroll Taxes$3,225$2,150-$5,375
Advertising$5,301--$5,301
Fees for Services Accounting-$3,224-$3,224
Information Technology-$1,585-$1,585
Other Employee Benefits$709$472-$1,181
Other Expenses$188,699$1,027-$1,027
Grants to Domestic Orgs$1,000--$1,000
Depreciation Depletion$446$298-$744
Total Functional Expenses$487,582$323,257$0$810,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$810,839
Total Expenses per Audited Statements$810,839
Total Expenses per Form 990$810,839
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Springforward ventures, inc. (sfv) has a service agreement with phillips programs (phillips), a tax-exempt organization under internal revenue code section 501(c)(3). Sfv received certain management, accounting and administrative services which included the use of personnel, assets, and facilities of phillips.

Form 990, Part VI, Section B, Line 11B

The federal form 990 is prepared by the springforward's outside accounting firm. Springforward board of trustees reviews the draft federal form 990 and presents it to the full board of trustees for final approval prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is actively enforced by having board of trustees review and sign the conflict of interest policy annually. The policy is actively monitored by key employees to ensure that transactions are transparent and are not a source of conflict of interest.

Form 990, Part VI, Section C, Line 19

The governing documents are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Springforward Ventures Inc
EIN
87-3227414
Phone
7039418810
Address
8920 WHISKEY BOTTOM ROAD, LAUREL, MD 20723

Signing Officer

Name
Piper Phillips Caswell
Title
Executive Director
Phone
7039418810
Signed
2025-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Piper Phillips Caswell
Formed
2021
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
7

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Frank Smith
Phone
2022274000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 215,011. Management and general expenses 194,395. Fundraising expenses 0. Total expenses 409,406. Janitorial service: program service expenses 738. Management and general expenses 0. Fundraising expenses 0. Total expenses 738. Payroll service: program service expenses 0. Management and general expenses 2,639. Fundraising expenses 0. Total expenses 2,639.

Financial Statement Notes

PART X, LINE 2:

For the year ended august 31, 2025, no provision for income taxes was made, as spring forward had no net unrelated business income and did not identify any uncertainty in income taxes requiring recognition or disclosure in these financial statements.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt024000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02002500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02049611
IRS990ScheduleA/TotalSupportAmt02254877
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0913
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05215
IRS990ScheduleD/EquipmentGrp/BookValueAmt0594
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0519
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01113
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0810839
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012
IRS990ScheduleD/RevenueNotReportedAmt012
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0395037
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED AUGUST 31, 2025, NO PROVISION FOR INCOME TAXES WAS MADE, AS SPRING FORWARD HAD NO NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04896
IRS990ScheduleD/TotalExpensesPerForm990Amt0810839
IRS990ScheduleD/TotalRevenuePerForm990Amt0395037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0395049
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0810839
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0287319
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017158
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PIPER PHILLIPS CASWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0318685
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SPRINGFORWARD RELIED ON PHILLIPS PROGRAMS, A RELATED ORGANIZATION EXEMPT UNDER CODE SECTION 501(C)(3), TO DETERMINE COMPENSATION. PHILLIPS PROGRAMS USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION SURVEY STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPRINGFORWARD VENTURES, INC. (SFV) HAS A SERVICE AGREEMENT WITH PHILLIPS PROGRAMS (PHILLIPS), A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). SFV RECEIVED CERTAIN MANAGEMENT, ACCOUNTING AND ADMINISTRATIVE SERVICES WHICH INCLUDED THE USE OF PERSONNEL, ASSETS, AND FACILITIES OF PHILLIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FEDERAL FORM 990 IS PREPARED BY THE SPRINGFORWARD'S OUTSIDE ACCOUNTING FIRM. SPRINGFORWARD BOARD OF TRUSTEES REVIEWS THE DRAFT FEDERAL FORM 990 AND PRESENTS IT TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS ACTIVELY ENFORCED BY HAVING BOARD OF TRUSTEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY IS ACTIVELY MONITORED BY KEY EMPLOYEES TO ENSURE THAT TRANSACTIONS ARE TRANSPARENT AND ARE NOT A SOURCE OF CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 215,011. MANAGEMENT AND GENERAL EXPENSES 194,395. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 409,406. JANITORIAL SERVICE: PROGRAM SERVICE EXPENSES 738. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 738. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,639. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,639.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHILLIPS PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540833311
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OFFERS EDUCATIONAL OPPORTUNITIES THROUHG A STRENGTH-BASED APPROACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07010 BRADDOCK ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANNANDALE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022003
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/StatesWhereCopyOfReturnIsFldCd1VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01862668
IRS990/TotalAssetsEOYAmt01433629
IRS990/TotalAssetsGrp/BOYAmt01862668
IRS990/TotalAssetsGrp/EOYAmt01433629

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