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SPRINGBOARD INCUBATORS INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SPRINGBOARD INCUBATORS INC (EIN 81-4200249)
Tax period
2021-09-01 to 2022-08-31
Filed
2022-12-09
IRS object ID
202233439349200613
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-12-09T11:10:03-06:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113066459PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CERINI & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13340 VETERANS MEMORIAL HWYAddressLine1Txt
CityBOHEMIACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11716ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814200249EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPRINGBOARD INCUBATORS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPRIBusinessNameControlTxt
Phone5164142000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 CLINTON STREETAddressLine1Txt
CityHEMPSTEADCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11550ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEVEN LINDOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5164142000PhoneNum
Signature2022-12-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEVENPersonFirstNm
Person LastLINDOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTANIA QUIGLEYPreparerPersonNm
PTINP01549343PTIN
Phone6315821600PhoneNum
Preparation2022-12-08PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressSPRINGBOARDINCUBATORS.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$132,079GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$16,381ContributionsGiftsGrantsEtcAmt
Program Service Revenue$113,047ProgramServiceRevenueAmt
Other Revenue Total$2,651OtherRevenueTotalAmt
Total Revenue$132,079TotalRevenueAmt
Salaries Other Comp Empl Bnft$99,909SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$7,960FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$25,509OccupancyRentUtltsAndMaintAmt
Other Expenses Total$39,721OtherExpensesTotalAmt
Total Expenses$173,099TotalExpensesAmt
Excess Or Deficit For Year-$41,020ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$50,788NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY-$91,808NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$68,431BOYAmt
EOY$154,760EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$18,831BOYAmt
EOY$15,683EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$87,262BOYAmt
EOY$170,443EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$138,050BOYAmt
EOY$262,251EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$50,788BOYAmt
EOY-$91,808EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeSPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomSPRINGBOARD INNOVATION HUB PROVIDES VIRTUAL OFFICE SPACES, HIGH-SPEED INTERNET ACCESS, PRIVATE MEETING ROOMS, DESKS SPACE, COLLABORATIVE AREAS, AND LARGE CO-MEETING ROOMS. WE PROVIDE MENTORING FOR STARTUPS, BUSINESS DEVELOPMENT WORKSHOPS, AND ACCESS TO A WIDE NETWORK OF SUPPORT SERVICES. OUR STARTUP AND TENANTS CAN EXPECT THE CONSTANT DISSEMINATION OF RELEVANT INFORMATION PROVIDING GUIDANCE AND INSIGHTS FOR MARKETING AND GROWING THEIR BUSINESS. SCHOOLS AND UNIVERSITIES CAN ALSO BENEFIT FROM SPRINGBOARD'S MANY WORKSHOPS GEARED TO UNDERSTANDING HOW TECHNOLOGY CAN BE HARNESSED AND USED AS A VEHICLE TO DRIVE A SUCCESSFUL BUSINESS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$149,380ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$149,380TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (2 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
STEVEN LINDO
PRESIDENT/TREASURER40.00$0$0$0
MERTON A OWENS
VICE PRESIDENT15.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From OfficersYes (1)MadeLoansToFromOfficersInd
Loans To From Officers$42,925LoansToFromOfficersAmt
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEVEN LINDOBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 CLINTON STREETAddressLine1Txt
CityHEMPSTEADCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11550ZIPCd
FieldValueIRS element (for citing)
Phone5164142000PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,918CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,696CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,200CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,794CurrentTaxYearMinus1YearAmt
Current Tax Year$16,381CurrentTaxYearAmt
Total$60,989TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,918CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,696CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,200CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,794CurrentTaxYearMinus1YearAmt
Current Tax Year$16,381CurrentTaxYearAmt
Total$60,989TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$60,989PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$3,969CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,694CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$453CurrentTaxYearMinus1YearAmt
Current Tax Year$749CurrentTaxYearAmt
Total$13,865TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$6,102CurrentTaxYearMinus1YearAmt
Current Tax Year$1,902CurrentTaxYearAmt
Total$8,004TotalAmt
FieldValueIRS element (for citing)
Total Support$82,858TotalSupportAmt
Gross Receipts Rltd Activities$443,398GrossReceiptsRltdActivitiesAmt
Public Support CY1700.73610PublicSupportCY170Pct
Public Support PY1700.69890PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan To OrganizationLoanToOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
STEVEN LINDO
PRESIDENTFINANCIAL SUPPORTYes (X)$44,225$9,1250Yes (1)0
MERTON A OWENS
VICE PRESIDENTFINANCIAL SUPPORTYes (X)$103,800$33,8000Yes (1)0
FieldValueIRS element (for citing)
Total Balance Due$42,925TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: RENTAL INCOME. AMOUNT: 749. DESCRIPTION: OTHER INCOME. AMOUNT: 1,902. TOTAL TO FORM 990-EZ, LINE 8: 2,651.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING AND PROMOTION EXPENSE. AMOUNT: 15,393. DESCRIPTION: PAYROLL PROCESSING FEE. AMOUNT: 1,459. DESCRIPTION: IT & SOFTWARE EXPENSES. AMOUNT: 1,920. DESCRIPTION: PROGRAM MATERIALS. AMOUNT: 1,570. DESCRIPTION: OTHER PROGRAM EXPENSES. AMOUNT: 350. DESCRIPTION: INSURANCE. AMOUNT: 6,691. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 7,599. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 3,149. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 1,480. DESCRIPTION: WEBSITE EXPENSES. AMOUNT: 110. TOTAL TO FORM 990-EZ, LINE 16: 39,721.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 9,004. END OF YEAR AMOUNT: 9,004. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 9,827. END OF YEAR AMOUNT: 6,679.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: LOANS FROM BOARD MEMBERS. BEG. OF YEAR AMOUNT: 73,025. END OF YEAR AMOUNT: 42,925. DESCRIPTION: OTHER LOANS PAYABLE. BEG. OF YEAR AMOUNT: 64,204. END OF YEAR AMOUNT: 218,505. DESCRIPTION: ACCRUED INTEREST. BEG. OF YEAR AMOUNT: 821. END OF YEAR AMOUNT: 821.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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