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Springforward

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

EIN: 810751355 ✦ Springfield, OH ✦ Designated as a 501(c)(3)

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Overview

What is Springforward?

Springforward is a nonprofit organization situated in Springfield, Ohio, specifically at 333 N Limestone St 201. Their primary objective is to stimulate economic growth in downtown Springfield. They achieve this by raising funds and offering loans and grants, thereby enabling the development of the area. Springforward's mission is to aid in the economic revitalization and elimination of blight within the city of Springfield, with a particular focus on its core downtown area.

Is Springforward legitimate?

Springforward is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springforward 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

What is the mission statement of Springforward?

Springforward's mission is centered around promoting economic development and revitalization, specifically in a core downtown area. Their goal is to aid in the elimination of blight, striving to enhance the local economy. They achieve this by raising funds and providing loans and grants, thereby enabling such development in the designated area.

Who is the CEO of Springforward?

Tom Loftis is the Secretary of Springforward.

What is the revenue of Springforward?

Springforward's revenue in 2022 was $93,068.

Who are the executives of Springforward and what are their salaries?

There 6 volunteers at Springforward.


Here are 7 key members and their salaries:


Mike Mcdorman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Loftis (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Hutchinson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Groshans (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Plumby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Landess (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Carey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Springforward?

Springforward's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Springforward

Springforward, a nonprofit organization, is dedicated to aiding in the economic development, revitalization, and elimination of blight in cities. Specifically, its focus is on Springfield's core downtown area. The mission of Springforward involves raising funds and providing loans and grants to facilitate economic development in downtown Springfield. By doing so, the organization aims to contribute positively to the city's economic growth and improve its overall livability.

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Impact




October, 2024

Springforward plays a vital role in the revitalization and economic development of downtown Springfield, Ohio. By fundraising and providing loans and grants, the organization empowers local businesses and initiatives that contribute to a vibrant urban environment. Its efforts are focused on eliminating blight while fostering a thriving arts scene and promoting community engagement.

The impact of Springforward is evident in the revitalized streets, increased business activity, and a re-energized sense of community pride. By supporting economic growth and enhancing the cultural landscape, Springforward not only attracts local residents and visitors but also strengthens the core identity of downtown Springfield. The organization serves as a catalyst for transformation, ensuring that the area remains a viable, dynamic hub for future generations.




This information is meant to be a general summary of Springforward. 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
$93,068 (2022)
Expenses
$87,312 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $709
  • Program Service Revenue: $22,831
  • Gross Receipts: $93,068

Assets and Liabilities:

  • Total Assets: $5,145,364
  • Total Liabilities: $0
  • Net Assets: $5,145,364

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON PROGRAM LO

Revenue

$22,831

Organization Details

Founding Year

2015

Principal Officer

Tom Loftis

Main Address

333 N LIMESTONE ST 201, SPRINGFIELD, OH, 45503

NTEE Category

Code: A80 - Arts

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