EIN 84-3158649

The Boost Pad

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
2019
Most recent tax filings
2023-12-01
Description
The Boost Pad Incubator believes in the mission to increase economic mobility and equality within the community, rooted in the belief to love thy neighbor as thyself. The incubator provides access to subject matter experts and mentors who have built their own successful businesses and will guide founders to where they need to be. It is located in Charlotte, NC.
Total revenues
$230,222
2023
Total expenses
$212,724
2023
Total assets
$122,837
2023
Num. employees
8
2023

Program areas at The Boost Pad

The Boost Pad incubator provides access to subject matter experts and mentors to guide you to building a successful business. These experts and mentors have built their own businesses and know how to answer questions and guide you to where you need to be. By advancing through our curriculum that teaches The necessary skills to run your business, entrepreneurs will have access to capital theyll use to retain subject matter experts, helping founders receive those services to take their business to The next level. Inside The incubator, students gain access to a marketplace of services and vendors at an extreme discount. This gives students to chance to take important steps in their business, like getting a website and branding, accounting and tax guidance, and more. This gives you a leg up compared to most business owners who need to seek this out on their own.

Who funds The Boost Pad

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ally Charitable Foundation2022 Cohort Platform$50,000

Personnel at The Boost Pad

NameTitleCompensation
Steven LewisDirector$41,500
Charles KearseEir$15,000
Mark BabaranAdministrative Assistant$5,940
Joan RandallDirector$28,300

Financials for The Boost Pad

RevenuesFYE 12/2023
Total grants, contributions, etc.$229,211
Program services$0
Investment income and dividends$1,011
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$230,222

Form 990s for The Boost Pad

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-12990View PDF
2022-122023-10-18990EZView PDF
2021-122022-07-18990View PDF

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Data update history
November 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 1, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
November 30, 2023
Updated personnel
Identified 2 new personnel
November 27, 2023
Used new vendors
Identified 1 new vendor, including
October 26, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Ally Charitable Foundation
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
2400 Greenland Ave Suite B
Charlotte, NC 28208
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
theboostpad.org/ 
Phone
(704) 560-3240
IRS details
EIN
84-3158649
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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