Springboard 2000 Enterprises Inc

Nonprofit profile at a glance

EIN
522266068
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mclean, VA, USA
Phone
2404333472
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$2,246,055
Expenses
$2,070,354
Assets
$1,331,955
Liabilities
$238,849

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • NATALIE BUFORD-YOUNG (CEO FROM 01/01/24 UNTIL 04/19/24)
  • JULIE SILVERSTEIN (ACTING CEO FROM 04/20/24 UNTIL 12/31/24)

Highest reported compensation

  • NATALIE BUFORD-YOUNG (CEO FROM 01/01/24 UNTIL 04/19/24): $203,991 total reported compensation
  • MATTHEW BARAGER (CFO): $103,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Springboard is a 501(c)3 not-for-profit organization with the mission to accelerate the growth of entrepreneurial companies led by women. We are a trusted global network of entrepreneurs, investors, and advisors dedicated to enhancing the success of accomplished, entrepreneurial women leading technology and life science companies.springboard propels women-led entrepreneurial companies to their next stage of growth. We provide entrepreneurs with an intensive learning experience around critical components for building their companies at scale. We surround our women entrepreneurs with a powerful community of 850+ alumnae and 5,000 advisors, experts, and investors.

What it reported doing in 2024

Springboard offers accelerator programs for women-led companies building exciting and innovative solutions in the areas of life sciences, digital health, women's health, and retail technology. A formal application and selection process is used to identify a cohort of top women entrepreneurs. Over the duration of the programs, springboard provides educational workshops designed to accelerate a company's next stage of growth. Additionally, our cohort of women entrepreneurs are matched with an expert advisory team that provides insight, connections and advice in support of their company's growth objectives. The programs culminate in an exciting springboard "demo day" where our cohort members are showcased in front of a live audience of potential investors, market partners and thought leaders in their respective industries.

Operating model

Revenue model
Donor-supported. 62% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.7%; rating input score 45
  • Program expense ratio: 47.6%; rating input score 48
  • Fundraising efficiency: $3.94 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.8%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.64; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 14.9%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 44.7% of revenue deployed · 47.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $985K in reported program spending
  • Leadership: top reported pay $204K · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $798K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.