Springboard Landings, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$200,500.00
Projected Expenses
$149,821.53
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Springboard Landings IRS Letter | 2010 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $285,599.00 | $206,785.00 | $97,882.00 |
| Total Expenses | $102,508.00 | $62,348.00 | $47,023.00 |
| Revenue Less Expenses | $183,091.00 | $144,437.00 | $50,859.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $182,343.00 | $170,723.00 | $97,861.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $144.00 | $0.00 |
| Investment Income, Net of Losses | $103,256.00 | $35,918.00 | $688.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $-667.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $0.00 | $0.00 | $0.00 |
| Administration Expense | $102,508.00 | $56,693.00 | $47,023.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 279% | 365% | 208% |
| Program Expense/Total Expenses | 0% | 0% | 0% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $182,343.00 | Contributions, Gifts, and Grants $170,723.00 | Contributions, Gifts, and Grants $97,861.00 |
| Second Highest Funding Source & Dollar Amount | Investment Income $103,256.00 | Investment Income $35,918.00 | Interest Income $688.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $144.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,663,215.00 | $2,479,908.00 | $2,336,537.00 |
| Current Assets | $1,955,472.00 | $2,429,908.00 | $2,336,537.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $2,334,405.00 |
| Current Liabilities | $216.00 | $0.00 | $1,066.00 |
| Total Net Assets | $2,662,999.00 | $2,479,908.00 | $2,335,471.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Springboard Landings has had success in fund raising but intends to increase assets each year with higher visibility in the community. With leadership gifts of a large parcel of land and a bequest of $210,000, we have some operating freedom. |
Foundation Staff Comments
| Financial figures taken from audited financials. Audit was prepared by Trent J. Mitchell, CPA. Comments provided by Hayley Sulfridge 6/5/24. |
