2018-07-18T17:34:02-05:00 2017-12-31 Marcum LLP 1920 Main Street Suite 950 Irvine CA 926148216 990 2017-01-01 330656671 Springboard Nonprofit Consumer Credit Management Inc % TED QUITASOL SPRI 9517810114 4351 Latham Street Riverside CA 925011749 TODD EMERSON President 9517797724 2018-07-15 true Jayson M Morgan P01246270 9492365600 2018-06-30 2017 2022-09-23 18:48:47Z creditorg TODD EMERSON 4351 LATHAM STREET RIVERSIDE CA 92501 25004918 false X www.credit.org X 1974 CA TO PROVIDE CREDIT EDUCATION, PROMOTE FINANCIAL LITERACY, PROVIDE HOUSING AND COUNSELING SERVICES, RELIEVE THE BURDENS OF GOVT AND ASSIST INDIVIDUALS IN FINANCIAL DIFFICULTY. 5 4 290 0 3141943 3174792 20993897 18721574 119099 107234 3128392 3001318 27383331 25004918 0 0 0 0 20461597 18495411 0 0 212056 8395174 7339291 28856771 25834702 -1473440 -829784 21141518 19732443 16646098 16066807 4495420 3665636 X THE SPECIFIC PURPOSES OF THE CORPORATION SHALL BE TO SERVE THE COMMUNITY AND GENERAL PUBLIC BY PROVIDING EDUCATIONAL COUNSELING SERVICES RELATING TO PERSONAL FINANCE AND CREDIT REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY; THE DEVELOPMENT AND PROVISION OF HOUSING AND COUNSELING SERVICES FOR THE BENEFIT OF MEMBERS OF AN APPROPRIATE CHARITABLE CLASS; RELIEVING THE GOVERNMENTAL BURDENS OF FEDERAL, STATE AND LOCAL GOVERNMENTS AND THEIR POLITICAL SUBDIVIONS; AND BY ENGAGING IN OTHER CHARITABLE AND EDUCATIONAL ACTIVITES PERMITTED OF ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE 501(C)(3). false false 14377222 14377222 290945 Keep Your Home California: Springboard Solutions LLC administers California's allocation of the Federal Hardest Hit Fund, a $10B program established by the U.S. Treasury to support homeowners in states hit hardest by the economic crisis. California's programs which are collectively called "Keep Your Home California" include unemployment mortgage assistance, mortgage restatement assistance, principal reduction and transition assistance. 2084329 564712 1782905 Credit and Debt Counseling: Credit.org provides financial coaching in the areas of money management and budgeting for those with credit card and other unsecured debt. One possible result of such coaching is enrollment in a debt management program which is a monitored or structured repayment plan for which nominal fees are charged. 1752467 2574906 4137269 Housing Education: Credit.org provides education to first time homebuyers and those homeowners seeking to avoid foreclosure. These services are mostly provided at no cost and are funded by federal grants from the U.S. Department of Housing and Urban Development as well as other public and private sources. 544410 OTHER 544410 18758428 true true false false false false false false true false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 46 0 true 290 true false false false false false false false false false false false false false false false X 5 4 false false false false false false false true true false true true true true true true true true true true false AL AZ AR CA CT FL GA IL KS KY MD MA MI MN MO NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X X TED QUITASOL 9517810114 4351 LATHAM STREET RIVERSIDE CA 92501 STACIE ANCTIL DIRECTOR 1.0 0.0 X 0 0 0 MIKE FRASCHILLA DIRECTOR 1.0 0.0 X 0 0 0 MEREDITH CHILLEMI SECRETARY 1.0 0.0 X 0 0 0 ETHAN HORN TREASURER 1.0 0.0 X 0 0 0 TODD EMERSON PRESIDENT & CEO 60.0 0.0 X 417400 0 10800 JOANNE CORDERO EXECUTIVE VICE PRESIDENT 50.0 0.0 X 237700 0 14991 MELINDA OPPERMAN EXECUTIVE VICE PRESIDENT 50.0 0.0 X 148100 0 11859 JUSTIN WALLER SENIOR VICE PRESIDENT 50.0 0.0 X 174525 0 9896 SUZANNE KAUFMAN ASSISTANT PROGRAM DIRECTOR 50.0 0.0 X 134600 0 12377 RAJESH THAYI TECHNOLOGY DIRECTOR 50.0 0.0 X 152751 0 6110 SCOTT KOTULA PROGRAM DIRECTOR 50.0 0.0 X 139777 0 6359 PATRICIA HADERLIE SENIOR VICE PRESIDENT 50.0 0.0 X 138450 0 6692 1543303 0 79084 8 false true false 0 2306480 868312 3174792 PRE-BANKRUPTCY 611600 109142 109142 CREDIT AND DEBT COUNSELING 611600 1243521 1243521 HOUSING EDUCATION 611600 950396 950396 PREPURCHASE 611600 23895 23895 STATE PROGRAM ADMINISTRATION 611600 16394620 16394620 18721574 107234 107234 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 3001318 3001318 25004918 18721574 107234 0 0 0 0 845493 845493 0 17649918 14541127 2943863 164928 0 0 0 0 33233 11274 21959 0 0 0 0 0 18908 9220 9335 353 0 828187 341022 487165 0 827825 392521 435304 99110 3857 93390 1863 0 0 0 0 553390 312097 241293 192812 25181 167631 TRANSACTION/PROCESSING 2126143 1507376 618767 MAINTAINANCE AND REPAIR 70172 2853 67319 UTILITIES 471097 383849 87248 COMMUNICATION 396858 220233 175612 1013 1721556 1007818 669839 43899 25834702 18758428 6864218 212056 1642287 1515579 0 0 3122906 1775316 0 0 0 0 0 0 0 0 0 0 152673 328334 20403056 7002959 13832957 13400097 1130028 1575426 0 0 0 0 5859 0 1254808 1137691 21141518 19732443 1359996 1139568 0 0 0 0 0 0 3163 1160 0 0 887319 665292 0 0 14395620 14260787 16646098 16066807 X 4495420 3665636 0 0 0 0 4495420 3665636 21141518 19732443 -829784 X false true true true true X 6362070 4784790 3792811 3141943 3174792 21256406 23523838 24127566 24106929 24122289 21722892 117603514 0 0 0 29885908 28912356 27899740 27264232 24897684 138859920 0 4870853 5690834 4116247 2940137 2977473 20595544 4870853 5690834 4116247 2940137 2977473 20595544 118264376 224733 140882 26292 119099 107234 618240 0 224733 140882 26292 119099 107234 618240 0 0 30110641 29053238 27926032 27383331 25004918 139478160 0.84791 0.84672 0.00443 0.00407 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 3166333 3166333 9864858 1934661 7930197 173870 75144 98726 1016932 579891 437041 6181064 4413264 1767800 13400097 OTHER ASSETS 167139 RESTRICTED DEPOSITS 970552 1137691 0 CAPITAL LEASE 14026780 DERIVATIVE LIABILITY 5623 DUE TO RELATED PARTIES 144934 TENANT SECURITY DEPOSIT 83450 14260787 PART IV, LINE 2B CLIENTS' FUNDS HELD IN TRUST 1,160. SCHEDULE D, PAGE 2, VI - OTHER ASSET CLASS DETAIL: TRANSPORTATION EQUIPMENT 62,442 EQUIPMENT 843,028 SOFTWARE 5,275,594 ================= TOTAL 6,181,064 ACCUMULATED DEPRECIATION <4,413,264> TOTAL OTHER ASSETS(NET) 1,767,800 X true true X X X X X X false true false false false false false false false JUSTIN WALLER SENIOR VICE PRESIDENT 174525 0 0 0 0 0 0 11197 0 185722 0 0 0 JOANNE CORDERO EXECUTIVE VICE PRESIDENT 237700 0 0 0 0 0 9220 0 7326 0 254246 0 0 0 MELINDA OPPERMAN EXECUTIVE VICE PRESIDENT 148100 0 0 0 0 0 5063 0 8070 0 161233 0 0 0 RAJESH THAYI TECHNOLOGY DIRECTOR 152751 0 0 0 0 0 6110 0 168 0 159029 0 0 0 TODD EMERSON PRESIDENT & CEO 417400 0 0 0 0 0 10800 0 1814 0 430014 0 0 0 PART I, LINE 1A FIRST CLASS AIR TRAVEL: FIRST CLASS FLIGHTS WERE AVAILABLE TO THE COMPANY CEO FOR THE PURPOSE OF BUSINESS NECESSITATED TRAVEL INVOLVING FLIGHT TIMES OF 2.5 HOURS OR MORE. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: Springboard has entered into a Supplemental Deferred Compensation Agreement with Todd Emerson, its President and Chief Executive Officer, which is an arrangement providing deferred compensation under Section 457(f) of the Internal Revenue Code. As indicated for Todd Emerson in this form 990, Part VII, Section A, Line 1A, Column (F) and in Part II, Column (C) of this schedule J, Mr. Emerson has been credited this year wtih $11,299 under the supplemental deferred compensation agreement. However, generally, all amounts credited to his account are forfeitable unless and until Mr. Emerson completes the term of his employment. FORM 990, PART VI, SECTION B, LINE 11: PRIOR TO FILING, SPRINGBOARD'S FORM 990 IS REVIEWED INTERNALLY BY THE CEO, AS WELL AS BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. ONCE THESE REVIEWS ARE COMPLETE, ONE OF TWO PROCEDURES IS FOLLOWED: A. COPIES OF THE FORM 990 ARE GIVEN TO THE BOARD MEMBERS FOR REVIEW PRIOR TO THE ANNUAL MEETING. AT THE ANNUAL MEETING, FORM 990 IS DISCUSSED AND ANY QUESTIONS OR COMMENTS ARE ADDRESSED; OR B. A COPY OF THE FORM 990 IS GIVEN TO EACH BOARD MEMBER WITH A NOTICE THAT INFORMS THE BOARD MEMBER THEY SHALL HAVE A WEEK TO REVIEW THE FORM 990 AND TO SUBMIT ANY QUESTIONS OR COMMENTS TO THE CEO. THESE QUESTIONS OR COMMENTS ARE THEN ADDRESSED AND CIRCULATED TO THE BOARD MEMBERS, UNLESS THE BOARD CHAIR REQUESTS THAT A BOARD MEETING BE CONVENED AT WHICH ANY AND ALL QUESTIONS OR COMMENTS CAN BE ADDRESSED. FORM 990, PARK VI, SECTION B, LINE 12C: EACH BOARD MEMBER IS REQUIRED TO COMPLETE A CONFLICT FORM ANNUALLY. THE FORM CONTAINS THE COMPANY'S CONFLICTS POLICY, AS WELL AS AN AREA IN WHICH THE BOARD MEMBER DISCLOSES ANY AND ALL ORGANIZATIONS IN WHICH THE MEMBER IS A BOARD MEMBER, COMMITTEE MEMBER OR AN EMPLOYEE. ADDITIONALLY, THE MEMBER IS REQUIRED TO CERTIFY THAT, EXCEPT AS DESCRIBED IN THE FORM, THEY ARE NOT AND HAVE NOT IN THE PAST YEAR BEEN: 1.) A PARTICIPANT, DIRECTLY OR INDIRECTLY, IN ANY ARRANGEMENT, AGREEMENT, INVESTMENT, OR OTHER ACTIVITY WITH ANY VENDOR, SUPPLIER, OR OTHER PARTY DOING BUSINESS WITH SPRINGBOARD WHICH HAS RESULTED OR COULD RESULT IN PERSONAL BENEFIT TO THEM. 2.) A RECIPIENT, DIRECTLY OR INDIRECTLY, OF ANY SALARY PAYMENTS OR LOANS OR GIFTS OF ANY KIND OR ANY FREE SERVICE OR DISCOUNTS OR OTHER FEES FROM OR ON BEHALF OF ANY PERSON OR ORGANIZATION ENGAGED IN ANY TRANSACTION WITH SPRINGBOARD. KEY EMPLOYEES REVIEW THE EMPLOYEE CONFLICTS OF INTEREST POLICY ANNUALLY AND ARE REQUIRED TO ANNUALLY CERTIFY THAT THEY HAVE REPORTED IN WRITING ANY CIRCUMSTANCE THAT, SINCE THEIR LAST EXECUTION OF THE POLICY, DID OR MAY HAVE INVOLVED A CONFLICT OF INTEREST IN THE CONDUCT OF SPRINGBOARD'S BUSINESS, OR MAY HAVE CREATED THE APPEARANCE OF INVOLVING A CONFLICT OR IMPROPRIETY. THE KEY EMPLOYEE IS ALSO REQUIRED TO ATTACH TO THE SIGNED POLICY A COPY OF THE WRITING DISCLOSING THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES IS PERIODICALLY ESTABLISHED BY A BOARD COMPENSATION COMMITTEE. THIS COMMITTEE TAKES INTO CONSIDERATION A NUMBER OF FACTORS INCLUDING: (1) AN INDEPENDENT COMPENSATION STUDY OBTAINED BY THE COMPANY; (2) THE 990S OF OTHER SIMILAR ORGANIZATIONS; (3) INTERNALLY COMPLETED COMPENSATION STUDIES. ANNUAL COMPENSATION AND ANY MERIT INCREASES JUSTIFIED BY PERFORMANCE ARE RECOMMENDED BY THE EMPLOYEE'S DIRECT SUPERVISOR; HOWEVER, THEY ARE SUBJECT TO FINAL APPROVAL BY THE CEO, PROVIDED THEY ARE WITHIN THE COMPENSATION RANGES ESTABLISHED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST.