Springboard to Opportunities

What it reported doing in 2024

In 2024, springboard to opportunities accomplished the following:1. Expanded guaranteed income support:-provided $1,000/month for 12 months to mothers in subsidized housing in jackson, Mississippi.-deposited $1,000 into a 529 college savings account for each child.-offered personalized coaching, mental health programming (miss), and community support.-largest cohort to date: 119 mothers completed the program.2. Resident-driven, holistic prosperity model:-centered family voice and dignity in program design and delivery.-defined prosperity beyond economic self-sufficiency, focusing on: -financial stability: reliable income floor, increased savings (45%), reduced debt (65%), and improved ability to pay bills on time (41%).-time autonomy: enabled mothers to reduce work hours, spend more time with family, pursue education, and invest in personal goals.-dynamic wellbeing: reduced financial stress, improved mental health, increased self-care, and greater confidence (90% felt more able to overcome challenges).-social capital: fostered supportive networks through group chats, events, and storytelling; strengthened family and community relationships.3. Flexible program features:-introduced flexible disbursement options: mothers could choose between full monthly payments or partial payments with savings held for future use.-expanded mental health and wellness programming (miss model).-broadened partnerships with local housing providers and community organizations.4. Empowering education & mobility:-supported mothers and children's educational pursuits: -seeded college savings accounts for children.-21% of mothers started or completed an educational program or certificate during the program year.-improved access to reliable transportation, enabling better employment and educational opportunities.5. Policy advocacy & systems change:-elevated participant voices in policy discussions, advocating for: -higher minimum wages and fair employment opportunities.-expanded cash assistance and more inclusive benefits (snap/tanf).-medicaid expansion and improved access to comprehensive healthcare.-increased school funding and community-engaged approaches to education.-called for a shift in social safety net metrics from narrow economic measures to holistic, family-defined outcomes.6. Transformative impact:-enabled mothers to move from surviving to thriving, improving financial, emotional, and social well-being.-disrupted cycles of stress and poverty, empowering mothers to pursue their own definitions of prosperity.-demonstrated the potential for broader, systemic transformation through guaranteed income and holistic support.

Financial Efficiency

• Mission deployment rate: 60.6%; rating input score 61
• Program expense ratio: 89.3%; rating input score 89
• Fundraising efficiency: $176.16 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 37%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 5.71; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 21.6% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 22.5% per year; rating input score 100; 90th percentile among comparable filings
• Asset growth: 32.2% per year; rating input score 100; 94th percentile among comparable filings