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The Springboard Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364482332 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is The Springboard Foundation?

The Springboard Foundation, based in Chicago, Illinois, is a philanthropic organization that supports the mission of two renowned foundations, The Chicago Community Trust and The Chicago Community Foundation, by granting funds to charitable organizations. Their primary focus lies in afterschool and supplemental education programs, targeting grassroots initiatives that often struggle to secure financial support. By providing both financial and intellectual capital, Springboard Foundation aids in the growth and sustainability of these programs, enabling them to offer essential educational activities to Chicago public school students. Members of the Springboard Foundation actively engage in site visits, fostering relationships with nonprofit leaders and lending their time, resources, and network to help these organizations thrive.


Official website here: www.springboardfoundation.com

Is The Springboard Foundation legitimate?

The Springboard Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Springboard Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.springboardfoundation.com

What is the mission statement of The Springboard Foundation?

The Springboard Foundation's mission is centered around providing financial and intellectual support to grassroots charitable programs, particularly those focusing on afterschool and supplemental education. These programs often struggle to secure funding on their own. Springboard's role is to aid such initiatives, enabling them to grow into self-sustaining entities. By doing so, they can continually offer essential educational and out-of-school activities to Chicago public school students, significantly contributing to their personal growth and success. Springboard members actively engage by visiting nonprofit leaders, observing programs, and staying in touch throughout the year. They also leverage their resources, including time, treasure, knowledge, and network, to ensure the nonprofits' continued growth and success.


Official website here: www.springboardfoundation.com

Who is the CEO of The Springboard Foundation?

Doug Armstrong is the Treasurer of The Springboard Foundation.


Official website here: www.springboardfoundation.com

What is the revenue of The Springboard Foundation?

The Springboard Foundation's revenue in 2020 was $328,965.


Official website here: www.springboardfoundation.com

Who are the executives of The Springboard Foundation and what are their salaries?

There 57 volunteers at The Springboard Foundation.


Here are 11 key members and their salaries:


Jessica Strausbaugh (Treasurer)
  • Compensation: $0
  • Related: $274,106
  • Other: $3,925
Keith Kizziah (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Armstrong (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chandler Bigelow (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Palmer (Social Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Flynn (President (Until 11/2019))
  • Compensation: $0
  • Related: $0
  • Other: $0
Prudence R Beidler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard H Driehaus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark E Ferguson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Keller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas W Mabie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springboardfoundation.com

Where can I find the form 990 for The Springboard Foundation?

The Springboard Foundation's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.springboardfoundation.com

Learn more at the official website: www.springboardfoundation.com

Mission Statement of The Springboard Foundation

The Springboard Foundation, a nonprofit organization, is committed to providing both financial and intellectual capital to underfunded grassroots charitable programs that specialize in afterschool and supplemental education. These selected programs often struggle to secure financial support, yet they are instrumental in offering Chicago public school students essential educational and out-of-school activities that significantly contribute to their personal growth and success. Since its inception, Springboard has played a pivotal role in helping numerous such programs become self-sustaining. This enables them to continue providing these crucial services to the community.

In addition to monetary contributions, Springboard members actively engage with the nonprofits. They undertake site visits to meet with the leaders and witness the programs in action firsthand. Throughout the year, the foundation maintains close contact with these nonprofits. Leveraging their resources such as time, treasure, knowledge, and network, Springboard members work tirelessly to ensure the growth and sustainability of these charitable programs. Their ultimate goal is to empower these nonprofits to continue delivering high-quality educational and out-of-school activities to the Chicago public school students, thereby fostering their personal development and success.

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Impact




October, 2024

The Springboard Foundation has significantly impacted the landscape of education and personal development for Chicago public school students. By providing essential financial and intellectual capital to grassroots charitable programs, the Foundation supports afterschool and supplemental education initiatives that might otherwise struggle to secure funding. This commitment has enabled various programs to not only thrive but also become self-sustaining, ensuring they can offer vital educational and extracurricular activities that foster personal growth and success.

Members of the Foundation engage directly with the organizations they support, conducting site visits to connect with nonprofit leaders and gain firsthand insight into the programs in action. This relationship extends beyond funding; it includes ongoing support through resources such as time, expertise, and networking opportunities, helping these organizations to build sustainability. As a result, the Foundation plays a crucial role in enhancing educational access and fostering environments where young people can develop their skills and aspirations.




This information is meant to be a general summary of The Springboard Foundation. 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.

Revenue
$328,965 (2020)
Expenses
$475,058 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $363
  • Gross Receipts: $328,965

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

2001

Principal Officer

Doug Armstrong

Main Address

225 N Michigan Ave No 2200, Chicago, IL, 60601

NTEE Category

Code: P20 - Human services

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