Overview
What is Springboard Nonprofit Consumer Credit Management Inc?
Springboard Nonprofit Consumer Credit Management Inc, based in Riverside, California, is a 501(c)(3) organization committed to empowering individuals in financial difficulty. Their mission encompasses providing credit education, fostering financial literacy, offering housing and counseling services, and alleviating governmental burdens. As part of their activities, they provide debt management plans through their Credit.org platform, serving as an educational tool to help individuals overcome their financial problems and develop responsible spending habits. With a team of 73 dedicated employees, Springboard Nonprofit Consumer Credit Management Inc aims to positively impact the lives of those in need, promoting financial well-being within their community.
Official website here: www.credit.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: Poor, 56%**
Springboard Nonprofit Consumer Credit Management Inc received a poor rating of 56% from Charity Navigator, with a particular emphasis on its Accountability & Finance metrics. The organization scored well on several governance aspects, including having a majority of independent board members and maintaining essential policies such as conflict of interest and whistleblower protection. However, it struggled significantly with its financial performance indicators, notably in Program Expense Ratio and Liabilities to Assets Ratio.
While the organization's governance appears to be in good standing, the low scores in financial metrics indicate potential challenges in efficiently using its resources for programming. The absence of posted financial documents on its website also raises concerns about transparency, which is crucial for maintaining donor trust and public confidence.
User reviews from GreatNonprofits were not available, leaving a gap in perspectives from those directly impacted by the organization’s work. Overall, potential supporters should weigh the strong governance against the financial limitations when considering engagement with Springboard Nonprofit Consumer Credit Management Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Springboard Nonprofit Consumer Credit Management Inc legitimate?
Springboard Nonprofit Consumer Credit Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springboard Nonprofit Consumer Credit Management Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $25,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,929,841
For more financial information, click here
Official website here: www.credit.org
What is the mission statement of Springboard Nonprofit Consumer Credit Management Inc?
Springboard Nonprofit Consumer Credit Management Inc's mission is centered around serving the community and the general public. Their primary focus is to provide educational counseling services related to personal finance and credit, regardless of an individual's ability to pay. They also engage in the development and provision of housing and counseling services for a specified charitable class. Additionally, the organization aims to alleviate the burdens of federal, state, and local governments and their political subdivisions. Lastly, they participate in other charitable and educational activities permitted for organizations described in Internal Revenue Code 501(C)(3).
Official website here: www.credit.org
Who is the CEO of Springboard Nonprofit Consumer Credit Management Inc?
Todd Emerson is the President-Ceo of Springboard Nonprofit Consumer Credit Management Inc. The CEO's salary of Springboard Nonprofit Consumer Credit Management Inc is $25,770 and their total compensation is $27,719.
Official website here: www.credit.org
What is the revenue of Springboard Nonprofit Consumer Credit Management Inc?
Springboard Nonprofit Consumer Credit Management Inc's revenue in 2022 was $6,984,946.
Official website here: www.credit.org
Who are the executives of Springboard Nonprofit Consumer Credit Management Inc and what are their salaries?
The average compensation at Springboard Nonprofit Consumer Credit Management Inc during 2022 was $40,488. There are 73 employees at Springboard Nonprofit Consumer Credit Management Inc.
Here are 9 key members and their salaries (Springboard Nonprofit Consumer Credit Management Inc's CEO's salary is $25,770 and their total compensation is $27,719):
- Compensation: $25,770
- Related: $0
- Other: $1,949
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $179,800
- Related: $0
- Other: $14,513
- Compensation: $176,000
- Related: $0
- Other: $13,996
- Compensation: $128,000
- Related: $0
- Other: $7,360
- Compensation: $100,641
- Related: $1
- Other: $14,791
Official website here: www.credit.org
Where can I find the form 990 for Springboard Nonprofit Consumer Credit Management Inc?
Springboard Nonprofit Consumer Credit Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.credit.org
Learn more at the official website: www.credit.org
Mission Statement of Springboard Nonprofit Consumer Credit Management Inc
Springboard Nonprofit Consumer Credit Management Inc is dedicated to serving the community and the public at large. Their primary mission is to provide educational counseling services related to personal finance and credit, regardless of an individual's ability to pay. This nonprofit organization aims to help individuals overcome financial difficulties. In addition to this, Springboard Nonprofit Consumer Credit Management Inc also focuses on the development and provision of housing and counseling services for a specific charitable class. The organization's objective is to alleviate the burdens placed on federal, state, and local governments and their political subdivisions. Furthermore, this nonprofit engages in other charitable and educational activities permitted for organizations described in the Internal Revenue Code 501(C)(3).
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Impact
October, 2024
Springboard Nonprofit Consumer Credit Management Inc plays a vital role in enhancing financial literacy and providing essential resources for individuals facing financial challenges. By offering comprehensive credit education and budget counseling services, Springboard equips individuals with the knowledge and tools necessary to manage their finances effectively.
One of the organization's key initiatives is its debt management plan (DMP) program, which serves as both a supportive resource for individuals navigating debt and an educational platform. Participants learn to develop financial discipline and adopt favorable spending and credit habits, addressing immediate financial issues while fostering long-term financial stability.
Additionally, Springboard's housing counseling services offer valuable guidance to those seeking secure housing solutions, further alleviating financial stress and contributing to overall community well-being. By addressing the financial needs of a diverse demographic regardless of their ability to pay, Springboard significantly reduces the burdens faced by government agencies and enhances the quality of life for countless individuals in Riverside, CA, and beyond.
This information is meant to be a general summary of Springboard Nonprofit Consumer Credit Management Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31
- Program Service Revenue: $3,370,733
- Gross Receipts: $6,984,946
Assets and Liabilities:
- Total Assets: $7,401,716
- Total Liabilities: $4,351,537
- Net Assets: $3,050,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CREDIT AND DEBIT MANAG
Revenue
$1,189,267
REVERSE MORTGAGE
Revenue
$880,450
OTHER
Revenue
$789,123
HOUSING AND FINANCIAL
Revenue
$511,893
Organization Details
Founding Year
1974
Phone
(800) 431-8157Principal Officer
Todd Emerson
Main Address
1450 IOWA AVENUE 200, RIVERSIDE, CA, 92507
Website
www.credit.orgNTEE Category
Code: P51 - Human services
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