2016-08-03T13:37:32-05:00 2015-12-31 Marcum LLP 1920 Main Street Suite 950 Irvine CA 926148216 990 2015-01-01 330656671 Springboard Nonprofit Consumer Credit Management Inc % TED QUITASOL SPRI 9517797724 4351 Latham Street Riverside CA 925011749 TODD EMERSON President 2016-07-07 true Jayson M Morgan P01246270 9492365600 2015 2016-12-15 16:53:06Z TODD EMERSON 4351 LATHAM STREET RIVERSIDE CA 92501 27926032 false X WWW.SPRINGBOARD.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. 8 7 368 0 0 4784790 4116247 22622109 21773655 176301 35548 1470038 2000582 29053238 27926032 0 0 0 0 22776218 21807732 0 0 447147 7465281 7569285 30241499 29377017 -1188261 -1450985 9875893 22674080 2356837 16705220 7519056 5968860 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 17650271 17650271 374855 Keep Your Home California is a free service for homeowners who have suffered a financial hardship, to help them stay in their homes, maintain an affordable mortgage payment and avoid foreclosure. Keep your Home California offers the following programs; Unemployment Mortgage Assistance, Mortgage Reinstatement Assitance, Principal Reduction, Transition Assistance, and Reverse Mortgage Assitance. 880456 274944 863210 Credit and Debt Counseling: One of the possible results of a credit counseling session is enrollment in a Debt Management Plan, which is a debt relief option whereby Springboard examines the consumers' unsecured debts, budget and other financial information and works with consumers' creditors to come up with a structured repayment plan that reduces interest charges, eliminate fees and collection calls and assists consumers in achieving their goal of becoming debt free. 2896521 2881513 1840217 Housing Education: Springboard is approved by the U.S. Department of Housing and Urban Development ("HUD") as a regional intermediary, and is one of the nation's leading nonprofit housing counseling agencies helping troubled homeowners seek solutions to foreclosure. Springboard was also a founding counseling partner of the Homeownership Preservation Foundation ("HPF"), a network of nonprofit organizations helping distressed homeowners navigate their budgets and avoid foreclosure. HPF is partnered with, and endorsed by numerous major agencies including HUD, U.S. Department of Treasury, Fannie Mae, Freddie Mac, NeighborWorks America, and various mortgage servicers. 4236295 3941811 OTHER 4236295 3941811 25663543 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 75 0 true 368 true true true false false false false false false false false false false false false false false X 8 7 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 STEVEN CLARK DIRECTOR 1.0 0.0 X 0 0 0 DENIS GITSCHIER 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 CURTIS PARADZICK VICE CHAIRPERSON 1.0 0.0 X 0 0 0 TODD EMERSON PRESIDENT & CEO 60.0 0.0 X 376631 0 11299 JOANNE CORDERO SR. VP ADMINISTRATION 50.0 0.0 X 178315 0 16115 JAMIE DEASON SR. VP OF OPERATIONS 50.0 0.0 X 168709 0 6673 MELINDA OPPERMAN SR. VP COMMUNITY OUTREACH 50.0 0.0 X 127116 0 11615 JUSTIN WALLER VP OPERATIONS 50.0 0.0 X 155769 0 10178 SUZANNE KAUFMAN SR. OPERATIONS MANAGER 50.0 0.0 X 123373 0 11478 RAJESH THAYI TECHNOLOGY DIRECTOR 50.0 0.0 X 149794 0 4494 JONATHAN WILLIAMS DIRECTOR OF IT 50.0 0.0 X 124616 0 9513 PATRICIA HADERLIE VP OF TALENT AND TRAINING 50.0 0.0 X 119448 0 3910 1523771 0 85275 9 false true false 0 3810208 306039 4116247 PRE-BANKRUPTCY 611600 417910 417910 ADMINISTRATIVE FEES 611600 615115 615115 HOUSING EDUCATION 611600 20620450 20620450 PREPURCHASE 611600 120180 120180 21773655 26292 26292 0 0 0 0 0 9256 0 9256 9256 0 0 0 OTHER REVENUE 900099 2000582 2000582 2000582 27926032 23774237 26292 0 0 0 0 850770 850770 0 20956962 19471115 1118938 366909 0 0 0 0 8749 2263 6486 0 0 0 0 0 115033 101190 6082 7761 142729 129299 13430 0 0 0 197147 35562 89108 72477 0 0 67454 43845 23609 0 572277 413591 158686 125711 100569 25142 LEASED EQUIPMENT 22558 16242 6316 BANK CHARGES 49902 32613 17289 PROFESSIONAL SERVICES 381466 287144 94322 STAFF DEVELOPMENT 41695 35638 6057 5844564 4994472 850092 29377017 25663543 3266327 447147 534283 517008 6070 3163 3176996 3759096 0 0 0 0 0 0 0 0 0 0 82184 687977 20189381 5883421 3715065 14305960 2104070 1947703 0 0 0 0 12276 9013 244949 1444160 9875893 22674080 1422799 1121766 0 0 0 0 0 0 6070 3163 0 0 280386 654000 0 0 647582 14926291 2356837 16705220 X 7519056 5968860 0 0 0 0 7519056 5968860 9875893 22674080 -1450985 -99211 X false true X true true true X 8637299 4809444 6362070 4784790 3792811 28386414 18094609 23827362 23523838 24127566 89573375 0 0 0 26731908 28636806 29885908 28912356 3792811 117959789 0 6453201 3745938 4870853 5690834 20760826 6453201 3745938 4870853 5690834 20760826 97198963 59104 71122 224733 140882 26292 522133 0 59104 71122 224733 140882 26292 522133 0 0 26791012 28707928 30110641 29053238 3819103 118481922 0.82037 0.79414 0.00441 0.00393 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 3236811 3236811 9508926 1124669 8384257 465587 184761 280826 1659461 1098639 560822 5318596 3475352 1843244 14305960 OTHER ASSETS 138701 RESTRICTED DEPOSITS 1305459 1444160 0 CAPITAL LEASE 14841239 UNEARNED REVENUE 0 DERIVATIVE LIABILITY 85052 14926291 27826821 -99211 -99211 27926032 27926032 PART IV, LINE 2B CLIENTS' FUNDS HELD IN TRUST 3,163. SCHEDULE D, PAGE 2, VI - OTHER ASSET CLASS DETAIL: AUTOMOBILES COSTS 28,552 CAPITAL LEASE COSTS 805,226 SOFTWARE COSTS 4,484,818 ================= TOTAL 5,318,596 AUTOMOBILES ACCUM DEPRE <28,552> CAPITAL LEASE ACCUM DEPRE <523,654> SOFTWARE ACCUM DEPRE <3,781,161> ================= TOTAL <4,333,367> SCHEDULE D, PAGE 4, PART XII: UNREALIZED LOSSES ON INVESTMENT 99,211. X true true X X X X X X false true false false false false false false false JUSTIN WALLER VP OPERATIONS 155769 0 0 0 0 0 4673 0 6781 0 167223 0 0 0 JOANNE CORDERO SR. VP ADMINISTRATION 178315 0 0 0 0 0 5349 0 12211 0 195875 0 0 0 JAMIE DEASON SR. VP OF OPERATIONS 168709 0 0 0 0 0 5061 0 2922 0 176692 0 0 0 RAJESH THAYI TECHNOLOGY DIRECTOR 149794 0 0 0 0 0 4494 0 168 0 154456 0 0 0 TODD EMERSON PRESIDENT & CEO 376631 0 0 0 0 0 11299 0 1848 0 389778 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. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TAXES & LICENSE TOTAL EXPENSES:69997 PROGRAM SERVICES:54825 MANAGEMENT AND GENERAL:15172 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CLIENTS' FUND REIMBURSED TOTAL EXPENSES:3454 PROGRAM SERVICES:3454 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CREDIT REPORT COSTS TOTAL EXPENSES:32635 PROGRAM SERVICES:32635 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:COMMUNICATION TOTAL EXPENSES:455120 PROGRAM SERVICES:413193 MANAGEMENT AND GENERAL:41927 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EQUIPMENT COSTS TOTAL EXPENSES:938969 PROGRAM SERVICES:781614 MANAGEMENT AND GENERAL:157355 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:45589 PROGRAM SERVICES:36645 MANAGEMENT AND GENERAL:8944 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUBGRANTEE COSTS TOTAL EXPENSES:19055 PROGRAM SERVICES:19055 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TRANSACTION/PROCESSING TOTAL EXPENSES:2492617 PROGRAM SERVICES:2492617 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EDUCATION MATERIALS TOTAL EXPENSES:111810 PROGRAM SERVICES:111810 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MERCHANT FEES TOTAL EXPENSES:270807 PROGRAM SERVICES:270807 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FACILITIES COSTS TOTAL EXPENSES:1367053 PROGRAM SERVICES:746789 MANAGEMENT AND GENERAL:620264 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DOCUMENT STORAGE TOTAL EXPENSES:3720 MANAGEMENT AND GENERAL:3720 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MEMBERSHIP DUES TOTAL EXPENSES:13548 PROGRAM SERVICES:10838 MANAGEMENT AND GENERAL:2710 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PROGRAM ALLOCATIONS TOTAL EXPENSES:-3910 PROGRAM SERVICES:-3910 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:24000 PROGRAM SERVICES:24000 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DISCOUNTS AND PROMOTIONS TOTAL EXPENSES:100 PROGRAM SERVICES:100