2015-08-14T12:36:37-05:00 2014-12-31 Marcum LLP 1920 Main Street Suite 950 Irvine CA 926148216 990 2014-01-01 330656671 Springboard Nonprofit Consumer Credit Management Inc % TED QUITASOL SPRI 9517797724 4351 Latham Street Suite Riverside CA 925011749 Todd Emerson President 9492365637 2015-08-13 true Jayson M Morgan P01246270 9492365600 2014 2016-03-07 17:11:31Z TODD EMERSON 4351 LATHAM STREET RIVERSIDE CA 92501 29053238 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. 10 9 345 0 0 6362070 4784790 23523838 22622109 224733 176301 83860 1470038 30194501 29053238 0 0 0 0 23327707 22776218 0 0 507816 7271326 7465281 30599033 30241499 -404532 -1188261 13209585 9875893 4453630 2356837 8755955 7519056 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 17593603 18425109 Central Processing Services: Springboard has been awarded with several counseling and document processing contracts by various state agencies which enables Springboard to leverage its core foundation of people, processes and technology to help carry out government programs. Springboard's services include triage, data collection, processing and decisioning. 3218646 3650975 1901301 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. 1076687 417037 1038360 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. 4800908 716779 2855039 OTHER 4800908 716779 2855039 26689844 true true false false false false false false true false true false false false 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 84 0 true 345 true true true false false false false false false false false false false false false false false X 10 9 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 SONNY SARABIA 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 REV STEVENS WRIGHT CHAIRPERSON 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 351902 0 45287 JOANNE CORDERO SR. VP ADMINISTRATION 50.0 0.0 X 174300 0 15431 JAMIE DEASON SR. VP OF OPERATIONS 50.0 0.0 X 192976 0 11110 MELINDA OPPERMAN SR. VP COMMUNITY OUTREACH 50.0 0.0 X 130885 0 15626 JUSTIN WALLER VP OPERATIONS 50.0 0.0 X 157825 0 10712 SCOTT KOTULA SR. OPERATIONS MANAGER 50.0 0.0 X 102241 0 10461 SUZANNE KAUFMAN SR. OPERATIONS MANAGER 50.0 0.0 X 113667 0 10986 RAJESH THAYI TECHNOLOGY DIRECTOR 50.0 0.0 X 140478 0 15300 JONATHAN WILLIAMS DIRECTOR OF IT 50.0 0.0 X 124875 0 7489 AARON HORVATH EXECUTIVE VICE PRESIDENT 50.0 0.0 X 120802 0 17863 1609951 0 160265 10 true true false Angelique Capalbo 4351 Latham Street RIVERSIDE CA 925011749 MANAGEMENT 136663 1 4222600 562190 4784790 PRE-BANKRUPTCY 611600 590419 590419 CREDIT AND DEBT 611600 1089205 1089205 ADMINISTRATIVE FEES 611600 18958733 18958733 HOUSING EDUCATION 611600 1807242 1807242 PREPURCHASE 611600 176510 176510 22622109 140882 140882 0 0 0 0 0 10419 25000 0 0 10419 25000 35419 0 0 0 OTHER REVENUE 900099 1470038 1470038 1470038 29053238 24092147 140882 0 0 0 0 850063 850063 0 21926155 20181831 1331999 412325 0 0 0 0 112796 40524 71392 880 0 0 0 0 0 164830 147180 9479 8171 186544 163231 23313 0 0 0 231700 18829 126431 86440 0 0 69762 48281 21481 0 726667 520346 206321 110517 88414 22103 LEASED EQUIPMENT 21397 15406 5991 BANK CHARGES 46069 30254 15815 PROFESSIONAL SERVICES 670520 593560 76960 STAFF DEVELOPMENT 75840 66710 9130 5048639 4775278 273361 30241499 26689844 3043839 507816 1432596 534283 7987 6070 5045409 3176996 0 0 0 0 0 0 0 0 0 0 22620 82184 10220120 6505055 3854269 3715065 2395787 2104070 0 0 0 0 15564 12276 435353 244949 13209585 9875893 2686276 1422799 0 0 0 0 0 0 7987 6070 0 0 1323873 280386 0 0 435494 647582 4453630 2356837 X 8755955 7519056 0 0 0 0 8755955 7519056 13209585 9875893 -1188261 -48638 X false true X true true true X 8955229 8637299 4809444 6362070 4784790 33548832 9391342 18094609 23827362 23523838 24127566 98964717 0 0 0 18346571 26731908 28636806 29885908 28912356 132513549 0 6102681 6453201 3745938 4870853 5690834 26863507 6102681 6453201 3745938 4870853 5690834 26863507 105650042 27344 59104 71122 224733 140882 523185 0 27344 59104 71122 224733 140882 523185 0 0 18373915 26791012 28707928 30110641 29053238 133036734 0.79414 0.77411 0.00393 0.00357 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 400000 400000 2694249 1137914 1556335 465587 172823 292764 1422584 1050548 372036 4429473 3335543 1093930 3715065 0 DEFERRED COMPENSATION 0 CAPITAL LEASE 551567 UNEARNED REVENUE 53880 DERIVATIVE LIABILITY 42135 647582 29004600 -48638 -48638 29053238 29053238 PART IV, LINE 2B CLIENTS' FUNDS HELD IN TRUST 6,070. SCHEDULE D, PAGE 2, VI - OTHER ASSET CLASS DETAIL: AUTOMOBILES COSTS 28,552 CAPITAL LEASE COSTS 745,035 SOFTWARE COSTS 4,470,775 ========== TOTAL 5,244,362 AUTOMOBILES ACCUM DEPRE <28,552> CAPITAL LEASE ACCUM DEPRE <496,151> SOFTWARE ACCUM DEPRE <3,105,241> ============ TOTAL <3,629,944> SCHEDULE D, PAGE 4, PART XII: UNREALIZED LOSSES ON INVESTMENT 48,638. X true true X X X X X X false true false false false false false false false JUSTIN WALLER VP OPERATIONS 157825 0 0 0 0 0 4735 0 7253 0 169813 0 0 0 JOANNE CORDERO SR. VP ADMINISTRATION 174300 0 0 0 0 0 5229 0 11426 0 190955 0 0 0 AARON HORVATH EXECUTIVE VICE PRESIDENT 80802 0 40000 0 0 0 2773 0 15695 0 139270 0 0 0 JAMIE DEASON SR. VP OF OPERATIONS 192976 0 0 0 0 0 5789 0 6738 0 205503 0 0 0 RAJESH THAYI TECHNOLOGY DIRECTOR 140478 0 0 0 0 0 4214 0 11254 0 155946 0 0 0 TODD EMERSON PRESIDENT & CEO 351902 0 0 0 0 0 45287 0 1725 0 398914 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 $40,000 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:51730 PROGRAM SERVICES:38583 MANAGEMENT AND GENERAL:13147 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CLIENTS' FUND REIMBURSED TOTAL EXPENSES:41 PROGRAM SERVICES:41 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CREDIT REPORT COSTS TOTAL EXPENSES:32368 PROGRAM SERVICES:32368 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:COMMUNICATION TOTAL EXPENSES:445674 PROGRAM SERVICES:400920 MANAGEMENT AND GENERAL:44754 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EQUIPMENT COSTS TOTAL EXPENSES:655291 PROGRAM SERVICES:573706 MANAGEMENT AND GENERAL:81585 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:65110 PROGRAM SERVICES:53757 MANAGEMENT AND GENERAL:11353 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:SUBGRANTEE COSTS TOTAL EXPENSES:121527 PROGRAM SERVICES:121527 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TRANSACTION/PROCESSING TOTAL EXPENSES:2301777 PROGRAM SERVICES:2301777 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:EDUCATION MATERIALS TOTAL EXPENSES:120172 PROGRAM SERVICES:120172 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MERCHANT FEES TOTAL EXPENSES:359345 PROGRAM SERVICES:359345 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FACILITIES COSTS TOTAL EXPENSES:863178 PROGRAM SERVICES:742664 MANAGEMENT AND GENERAL:120514 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DOCUMENT STORAGE TOTAL EXPENSES:1925 MANAGEMENT AND GENERAL:1925 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MEMBERSHIP DUES TOTAL EXPENSES:593 PROGRAM SERVICES:510 MANAGEMENT AND GENERAL:83 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PROGRAM ALLOCATIONS TOTAL EXPENSES:5908 PROGRAM SERVICES:5908 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:24000 PROGRAM SERVICES:24000