Overview
What is Springboard To Success Inc?
Springboard To Success Inc, located in Chicago, Illinois, is a nonprofit organization dedicated to supporting Chicago Housing Authority (CHA) communities. Their primary focus is on assisting younger residents in achieving academic success, financial stability, and independence. The organization accomplishes this through funding various programs and initiatives. One of their significant contributions is the scholarship program, which in 2021 awarded 183 scholarships worth $1,000 each to current CHA residents enrolled in accredited post-secondary institutions, based on their academic merit, community involvement, and essay content. This scholarship program is just one of the ways Springboard To Success Inc aids CHA communities in their journey toward self-sufficiency and growth.
Official website here: www.s2schi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Springboard To Success Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a score of 92%, the charity demonstrates high standards in its financial operations, highlighted by a program expense ratio of nearly 96%, indicating that almost all its expenses are directed towards its programs.
The organization shows a robust governance structure with 85% of its board members being independent and a total of 12 independent members. Additionally, it scored full points for having an Audit and Oversight Committee, proper documentation, and a conflict of interest policy in place. However, it lacks a whistleblower policy, which is noted as a limitation in its governance practices.
Overall, Springboard To Success Inc appears to effectively manage its resources and maintain transparency, contributing positively to its mission. While the absence of a whistleblower policy is a point of concern, the organization's strengths in financial management and independent oversight suggest a strong operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Springboard To Success Inc legitimate?
Springboard To Success Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springboard To Success 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.s2schi.org
What is the mission statement of Springboard To Success Inc?
Springboard To Success Inc's mission is centered around supporting communities affiliated with the Chicago Housing Authority. Their primary focus is on assisting younger residents, aiding them in achieving academic success, establishing financial stability, and achieving independence. The organization achieves this by funding various programs and initiatives. One of their initiatives includes a scholarship program, which in 2021, awarded 183 scholarships worth $1,000 each, to deserving residents, based on their academic merit, community involvement, and essay content. Springboard To Success Inc aims to positively impact the lives of these residents, helping them overcome challenges and build a prosperous future.
Official website here: www.s2schi.org
Who is the CEO of Springboard To Success Inc?
Kenneth Malone is the Board Chair of Springboard To Success Inc.
Official website here: www.s2schi.org
What is the revenue of Springboard To Success Inc?
Springboard To Success Inc's revenue in 2022 was $703,495.
Official website here: www.s2schi.org
Who are the executives of Springboard To Success Inc and what are their salaries?
There 50 volunteers at Springboard To Success Inc.
Here are 14 key members and their salaries:
- 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: $0
- Related: $0
- Other: $0
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.s2schi.org
Where can I find the form 990 for Springboard To Success Inc?
Springboard To Success Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.s2schi.org
Learn more at the official website: www.s2schi.org
Mission Statement of Springboard To Success Inc
Springboard To Success Inc, in its mission, focuses on funding programs and initiatives that specifically cater to the needs of Chicago Housing Authority (CHA) communities. The organization has a primary purpose of supporting these communities, particularly those that aid younger residents in their journey towards academic success, economic stability, and independence. Springboard To Success Inc accomplishes this by awarding scholarships to eligible CHA residents who are enrolled in accredited post-secondary institutions. In the year 2021, the organization granted 183 scholarships, each valued at $1,000, based on the academic merit, community involvement, and essay content of the applicants. This initiative reflects Springboard To Success Inc's commitment to empowering younger residents of CHA communities and providing them with the necessary resources to build a promising future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Springboard To Success Inc's impact is focused on supporting Chicago Housing Authority communities, particularly younger residents, on a pathway to academic success, economic stability, and independence. Through initiatives like scholarships, they provide financial support to current CHA residents enrolled in accredited post-secondary institutions. In 2021, they awarded a total of 183 scholarships valued at $1,000 each based on academic merit, community involvement, and essay content. This support helps CHA residents access education and opportunities that can lead to a brighter future.
This information is meant to be a general summary of Springboard To Success 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: $8,117
- Program Service Revenue: $21,176
- Gross Receipts: $724,097
Assets and Liabilities:
- Total Assets: $2,076,725
- Total Liabilities: $0
- Net Assets: $2,076,725
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Event Ticket Sale
Revenue
$21,176
Organization Details
Founding Year
2014
Phone
(312) 935-2626Principal Officer
Kenneth Malone
Main Address
60 EAST VAN BUREN 1100, CHICAGO, IL, 60605
Website
www.s2schi.orgNTEE Category
Code: P80 - Human services
If you are a representative of Springboard To Success Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.