Overview
What is Springboard To Success?
Springboard To Success is a nonprofit organization situated in Mobile, Alabama, specifically at 261 Dauphin Street. Their primary objective is to stimulate economic growth and job creation, contributing to community revitalization and mitigating urban decay. They achieve this by offering a nurturing environment for emerging and expanding independent businesses, primarily retailers. This setting, located in underrepresented marketplaces, attracts new businesses and strengthens existing ones, thereby enhancing the availability of essential goods and services. Springboard To Success provides full-time staffing, point-of-sale system reporting, telephone, high-speed internet access, marketing and promotion assistance, consultation by experienced retailers, and ongoing on-site management to its tenants. The learning-by-doing approach equips these entrepreneurs with the necessary skills and knowledge to thrive independently.
Is Springboard To Success legitimate?
Springboard To Success is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springboard To Success 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:
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Other Salaries and Wages: $81,210
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What is the mission statement of Springboard To Success?
Springboard To Success is organized for charitable and educational purposes, primarily focusing on encouraging economic development and job creation. Its mission is to aid in community revitalization and curb community deterioration. The corporation does this by providing incubator settings in marketplaces that are blighted or underserved by retail stores. This initiative aims to strengthen the retail sector by attracting new businesses and strengthening existing ones, thereby increasing the availability of necessary goods and services and expanding local employment. Furthermore, Springboard To Success offers an educational and supportive environment within the incubator setting for start-up and expanding, early-stage, independently-owned businesses in these communities.
Who is the CEO of Springboard To Success?
Elizabeth P Stevens is the Director of Springboard To Success.
What is the revenue of Springboard To Success?
Springboard To Success's revenue in 2022 was $200,396.
Who are the executives of Springboard To Success and what are their salaries?
The average compensation at Springboard To Success during 2022 was $11,601. There are 7 employees at Springboard To Success.
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Where can I find the form 990 for Springboard To Success?
Springboard To Success's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Springboard To Success
Springboard To Success, a charitable and educational organization, is dedicated to fostering economic development and job creation. Its mission is centered around community revitalization and combating community deterioration. To achieve this, Springboard To Success establishes incubator settings in marketplaces that are underserved by retail stores. This strategy aims to strengthen the retail sector by attracting new businesses and supporting existing ones, ultimately increasing the availability of essential goods and services. In addition, the corporation provides an educational and supportive environment within the incubator setting for start-up and expanding, early-stage, independently-owned businesses in blighted or underserved communities. This approach not only revitalizes these areas but also stimulates local employment growth.
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Impact
October, 2024
Springboard To Success plays a crucial role in enhancing economic development and job creation in Mobile, Alabama. By fostering a supportive environment for independent businesses, it significantly contributes to the revitalization of the community and reduction of urban deterioration. The organization is pivotal in transforming the retail landscape in the urban core, providing resources and assistance that help startups and established businesses thrive. This emphasis on nurturing local enterprises not only stimulates job growth but also strengthens the overall economic fabric of the area, making it a more vibrant and sustainable community.
This information is meant to be a general summary of Springboard To Success. 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: $1
- Program Service Revenue: $181,446
- Gross Receipts: $200,396
Assets and Liabilities:
- Total Assets: $131,838
- Total Liabilities: $78,105
- Net Assets: $53,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$153,013
SPECIAL EVENT FEES
Revenue
$15,831
SALES TAX DISCOUNTS
Revenue
$9,691
URBAN EMPORIUM SALES
Revenue
$2,911
Organization Details
Founding Year
2011
Principal Officer
Elizabeth P Stevens
Main Address
261 DAUPHIN STREET, MOBILE, AL, 36602
NTEE Category
Code: P20 - Human services
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