2025-06-23T09:14:04-04:00 2024-12-31 050539751 OVERMAN & PARKS CPAS PA 110 ROUNDABOUT CT ROCKY MOUNT NC 27804 990 2024-01-01 843158649 THE BOOST PAD BOOS 2400 GREENLAND AVE SUITE B CHARLOTTE NC 28208 STEVEN LEWIS CO-EXEC. DIRECTOR 9809008030 2025-06-19 true true REBECCA A PARKS CPAPFS P01263849 2524433124 2025-06-19 2024 2025-03-06 01:10:19Z STEVEN LEWIS 184058 false X THEBOOSTPAD.ORG X 2019 NC THE BOOST PAD EQUIPS EMERGING AND UNDER-RESOURCED ENTREPRENEURS WITH THE STRATEGIC GUIDANCE AND SUPPORT NEEDED TO DEVELOP INNOVATIVE SOLUTIONS, BUILD SUSTAINABLE ENTERPRISES, AND ADVANCE ECONOMIC MOBILITY THROUGHOUT CHARLOTTE. 7 7 3 0 229211 180437 3600 1011 -12479 0 230222 171558 0 0 104034 92814 1422 1755 1755 107268 101621 212724 196190 17498 -24632 122837 93501 4704 0 118133 93501 X THE BOOST PAD EQUIPS EMERGING AND UNDER-RESOURCED ENTREPRENEURS WITH THE STRATEGIC GUIDANCE AND SUPPORT NEEDED TO DEVELOP INNOVATIVE SOLUTIONS, BUILD SUSTAINABLE ENTERPRISES, AND ADVANCE ECONOMIC MOBILITY THROUGHOUT CHARLOTTE. false false 173742 INCLUSIVE ENTREPRENEURSHIP ACCELERATOR PROGRAM: THE BOOST PAD WAS FOUNDED TO PROMOTE INCLUSIVE ENTREPRENEURSHIP BY SUPPORTING EARLY-STAGE BUSINESSES LED BY UNDER-RESOURCED FOUNDERS. IN ITS INAUGURAL YEAR, THE ORGANIZATION ESTABLISHED ITS CORE INFRASTRUCTURE, DEVELOPED A FOUNDATIONAL CURRICULUM, FORMED STRATEGIC COMMUNITY PARTNERSHIPS, AND LAUNCHED ITS FIRST ACCELERATOR PROGRAM. THE PILOT COHORT CONSISTED OF A DIVERSE GROUP OF ENTREPRENEURS FROM SECTORS INCLUDING TECHNOLOGY, FOOD INNOVATION, CONSTRUCTION, AND RETAIL SERVICES. PARTICIPANTS BENEFITED FROM CAPACITY-BUILDING WORKSHOPS, SUBJECT-MATTER EXPERT MENTORSHIP, AND PEER NETWORKING OPPORTUNITIES. THE PROGRAM CULMINATED IN A PUBLIC PITCH SHOWCASE THAT CONNECTED PARTICIPANTS WITH POTENTIAL INVESTORS AND ECOSYSTEM STAKEHOLDERS. KEY GOVERNANCE STRUCTURES WERE ALSO PUT IN PLACE DURING THIS PERIOD, INCLUDING THE FORMATION OF A DIVERSE AND ENGAGED BOARD OF DIRECTORS. THE ORGANIZATION ADOPTED CORE OPERATING POLICIES, INCLUDING A CONFLICT OF INTEREST POLICY, TO PROMOTE TRANSPARENCY AND ACCOUNTABILITY. THROUGH THESE EFFORTS, THE BOOST PAD ESTABLISHED ITSELF AS A CREDIBLE AND EFFECTIVE PLATFORM FOR ADVANCING INCLUSIVE INNOVATION AND CATALYZING ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP IN CHARLOTTE. 173742 true true false false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false true 0 0 false 3 true false false false false false false false false false false false false false false X 7 7 true false false false false false false true true false false true true true true false false false false true true X STEVEN LEWIS 7045603240 2400 GREENLAND AVE SUITE B CHARLOTTE NC 28208 STEVEN LEWIS CO-EXEC. DIR 40.00 X 49225 0 0 JOAN RANDALL CO-EXEC. DIR 25.00 X 30850 0 0 DJ BAUDHUIN BOARD MEMBER X 0 0 0 JEREL HARVEY BOARD MEMBER X 0 0 0 ALBERT LINDEMANN III BOARD MEMBER X 0 0 0 KEITH LUEDEMANN BOARD MEMBER X 0 0 0 DOUG NEAL BOARD CHAIRM X X 0 0 0 GARY PALMER BOARD MEMBER X 0 0 0 AIMY STEELE BOARD MEMBER X 0 0 0 80075 false false false 50000 130437 180437 PARTICIPANT TUITION 3600 3600 3600 21 21 12500 -12500 -12500 -12500 171558 -8879 X 80075 80075 5630 5630 7109 7109 6305 6305 1755 1755 50960 36532 14428 864 864 1103 1103 2769 2769 683 683 1093 1093 2185 2185 DIGITAL PLATFORM 12000 12000 STARTUP CURRENCY 8000 8000 SUBSCRIPTIONS & DUES 5488 5488 COHORT AWARDS 3175 3175 6996 6788 208 196190 173742 20693 1755 X 95137 70486 1608 1093 515 27700 22500 122837 93501 4704 4704 0 X 118133 93501 118133 93501 122837 93501 -24632 X false false X 6765 206764 179183 229211 180437 802360 1011 3621 4632 6765 206764 179183 230222 184058 806992 806992 6765 206764 179183 230222 184058 806992 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1608 1093 515 515 BPI OWNED INVESTMENTS 22500 22500 CELLULAR FARMS INVESTOR -12500 LOSS ON INVESTMENT false SCHEDULE L, PART V IN 2021, THE BOOST PAD RECEIVED A RESTRICTED DONATION TO SUPPORT ENTREPRENEURIAL INVESTMENT ACTIVITIES. USING THESE FUNDS, THE ORGANIZATION MADE A 25,000 INVESTMENT IN EXCHANGE FOR A 2.5% EQUITY STAKE IN CELLULAR FARMS INC. THE INVESTMENT WAS MADE ON TERMS CONSISTENT WITH THOSE OF OTHER INVESTORS DURING THE SAME FUNDRAISING ROUND. PRIOR TO MAKING THE INVESTMENT, THE BOARD OF DIRECTORS EVALUATED AND APPROVED THE TRANSACTION IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. DUE TO SUBSEQUENT CHANGES IN THE COMPANY'S FINANCIAL AND OPERATIONAL STATUS, THE BOARD DETERMINED THAT THE INVESTMENT SHOULD BE WRITTEN DOWN TO 50% OF ITS ORIGINAL VALUE. AS OF DECEMBER 31, 2024, THE INVESTMENT IS CARRIED AT 12,500. STEVEN LEWIS, CO-EXECUTIVE DIRECTOR OF THE BOOST PAD, SERVED AS CEO OF CELLULAR FARMS UNTIL AUGUST 2024. AS OF YEAR-END, MR. LEWIS RETAINS A 35% OWNERSHIP INTEREST IN CELLULAR FARMS BUT NO LONGER HOLDS ANY MANAGEMENT ROLE. DJ BAUDHUIN, A MEMBER OF THE BOOST PAD BOARD OF DIRECTORS, IS ALSO A MINORITY SHAREHOLDER IN CELLULAR FARMS. FORM 990 - ORGANIZATION'S MISSION THE BOOST PAD EQUIPS EMERGING AND UNDER-RESOURCED ENTREPRENEURS WITH THE STRATEGIC GUIDANCE AND SUPPORT NEEDED TO DEVELOP INNOVATIVE SOLUTIONS, BUILD SUSTAINABLE ENTERPRISES, AND ADVANCE ECONOMIC MOBILITY THROUGHOUT CHARLOTTE. FORM 990, PAGE 2, PART III, LINE 4A INCLUSIVE ENTREPRENEURSHIP ACCELERATOR PROGRAM: THE BOOST PAD WAS FOUNDED TO PROMOTE INCLUSIVE ENTREPRENEURSHIP BY SUPPORTING EARLY-STAGE BUSINESSES LED BY UNDER-RESOURCED FOUNDERS. IN ITS INAUGURAL YEAR, THE ORGANIZATION ESTABLISHED ITS CORE INFRASTRUCTURE, DEVELOPED A FOUNDATIONAL CURRICULUM, FORMED STRATEGIC COMMUNITY PARTNERSHIPS, AND LAUNCHED ITS FIRST ACCELERATOR PROGRAM. THE PILOT COHORT CONSISTED OF A DIVERSE GROUP OF ENTREPRENEURS FROM SECTORS INCLUDING TECHNOLOGY, FOOD INNOVATION, CONSTRUCTION, AND RETAIL SERVICES. PARTICIPANTS BENEFITED FROM CAPACITY-BUILDING WORKSHOPS, SUBJECT-MATTER EXPERT MENTORSHIP, AND PEER NETWORKING OPPORTUNITIES. THE PROGRAM CULMINATED IN A PUBLIC PITCH SHOWCASE THAT CONNECTED PARTICIPANTS WITH POTENTIAL INVESTORS AND ECOSYSTEM STAKEHOLDERS. KEY GOVERNANCE STRUCTURES WERE ALSO PUT IN PLACE DURING THIS PERIOD, INCLUDING THE FORMATION OF A DIVERSE AND ENGAGED BOARD OF DIRECTORS. THE ORGANIZATION ADOPTED CORE OPERATING POLICIES, INCLUDING A CONFLICT OF INTEREST POLICY, TO PROMOTE TRANSPARENCY AND ACCOUNTABILITY. THROUGH THESE EFFORTS, THE BOOST PAD ESTABLISHED ITSELF AS A CREDIBLE AND EFFECTIVE PLATFORM FOR ADVANCING INCLUSIVE INNOVATION AND CATALYZING ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP IN CHARLOTTE. FORM 990, PAGE 6, PART VI, LINE 2 CELLULAR FARMS CO-EXEC. DIR FORMER CEO & 35% SHAREHOLDER CELLULAR FARMS BOARD MEMBER MINORITY SHAREHOLDER FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED IN COLLABORATION WITH THE ORGANIZATION'S EXTERNAL ACCOUNTANT AND REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD CHAIR. A DRAFT OF THE RETURN IS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. THE SIGNED AND SUBMITTED RETURN IS ARCHIVED IN THE ORGANIZATION'S PERMANENT ELECTRONIC RECORDS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT ALL BOARD MEMBERS ATTEST TO ANNUALLY. THE EXECUTIVE DIRECTOR PERIODICALLY REVIEWS THE DISCLOSURES THROUGHOUT THE YEAR TO ENSURE ANY UPDATES OR CHANGES ARE REPORTED IN A TIMELY MANNER. FORM 990, PAGE 6, PART VI, LINE 19 THE BOOST PAD MAINTAINS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 FILINGS, AND OTHER OFFICIAL ORGANIZATIONAL MATERIALS IN ELECTRONIC FORMAT. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, IN COMPLIANCE WITH IRS DISCLOSURE REQUIREMENTS. FORM 990, PART IX, LINE 11G CONTRACT LABOR 36,532 0 0 OFFICE/GENERAL ADMINISTRATIVE 0 14,428 0 TOTAL 36,532 14,428 0 FORM 990, PART X IN 2024, THE BOOST PAD MADE A 10,000 SAFE NOTE INVESTMENT IN PETTY GIGS, A STARTUP THAT HAS SINCE REBRANDED AS FLEXIE. THIS INVESTMENT IS INCLUDED ON LINE 15 ("OTHER ASSETS") OF THE BALANCE SHEET, ALONG WITH OTHER SIMILAR HOLDINGS.