BOOST PAD INC

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

2400 GREENLAND AVE, CHARLOTTE, NC 28208-5020

In care of

% STEVEN LEWIS

Mailing address (990-N for 2020)

933 LOUISE AVE Suite 101 F, Charlotte NC 28204

Principal officer (990 for 2025)

Doug Neal, 2400 Greenland, Suite B, CHARLOTTE, NC 28208

Principal officer (990-N for 2020)

Steven Lewis, 933 LOUISE AVE Suite 101 F, Charlotte NC 28204

Signed the 990

Steven Lewis, Executive Director

Phone

(704) 560-3240

Website

https://theboostpad.org/

Return prepared by

OnFire Nonprofit Consulting

Mission

The Boost Pad equips emerging entrepreneurs with the strategic guidance and support needed to develop innovative solutions build sustainable enterprises and advance economic mobility throughout Charlotte.

Program accomplishments

• Next Level Accelerator Cohort Program flagship accelerator | In 2025 The Boost Pads Next Level Accelerator produced strong measurable outcomes for under resourced founders in Charlotte NC. Across Cohort 10 and Cohort 11 52 individuals applied 35 were accepted 31 enrolled and 25 completed the accelerator resulting in a completion rate above 80%. Participants were 80% Black 64% women and 76% from low to moderate income households annual income at or below 63,000 meaning the program reached the very entrepreneurs least likely to access bank financing or traditional accelerator support. At baseline participating businesses reported 196,000 in prior 12 month revenue and 15 existing employees; post program projections estimate 1,527,100 in net revenue and 78 expected workers within 12 months. With an approximate combined program cost of 120,000 the accelerator achieved an estimated cost of 4,800 per graduate 1,538 per projected job and a 12.7:1 revenue leverage ratio about 0.08 in program cost per projected revenue dollar. Participants reported a Net Promoter Score of 91 and 90% reported increased confidence in their ability to grow their business a leading indicator of risk tolerance customer acquisition and investment readiness. To generate these outcomes The Boost Pad operates the Next Level Accelerator Cohort Program a 14 week flagship accelerator followed by continued support. The program is designed for low to moderate income Black and women founders building income producing job creating businesses. Each cohort receives a structured curriculum in business model development revenue strategy and pricing financial literacy customer acquisition and operational readiness. Learning is delivered through weekly workshops cohort discussions and 1:1 office hours with an entrepreneur in residence and subject matter experts. Founders also gain access to mentors pro bono legal resources and a peer network that extends beyond graduation. These activities directly advance the organizations exempt purpose by using entrepreneurship as a pathway to economic mobility job creation and stronger neighborhood economies.
  Expenses $100,000 · revenue $106,478
• Entrepreneurial Mindset & Founders Training | In 2025 The Boost Pads education and community building programs deepened founders skills and long term success beyond the accelerator cycle. Founders received 590 hours of entrepreneur in residence training and advisory support attended 366 individual networking events and participated in an Access to Capital convening with 186 attendees. Across programs 90% of participants reported increased confidence in their entrepreneurial abilities and the organization recorded a Net Promoter Score of 91 indicating a high level of satisfaction and perceived value. These outcomes show that founders are not only starting businesses but also gaining the mindset networks and support systems needed to sustain and grow them. The Boost Pad achieves this through its Entrepreneurial Mindset & Founders Training and Founder Community & Mentorship programs. Entrepreneurial Mindset & Founders Training offers both live workshops and self paced digital content focused on idea validation business model design financial fundamentals legal and operational readiness and launch planning. The curriculum is specifically tailored for first time and under resourced founders using practical tools and accessible language. The Founder Community & Mentorship program maintains support before during and after the accelerator via peer cohorts alumni engagement and structured mentorship. Founders are matched with advisors and an entrepreneur in residence for individualized guidance and accountability and they are invited to regular networking events with community partners and ecosystem leaders. Together these programs build the entrepreneurial knowledge social capital and long term relationships that undergird sustainable income growth and job creation for low to moderate income founders.
  Expenses $82,828
• Founder Community Mentorship and Startup Currency Resource Grants | The Boost Pads Startup Currency and capital access initiatives convert philanthropic dollars into direct catalytic resources for under resourced entrepreneurs. In 2025 these efforts helped founders secure grants for critical needs such as legal formation intellectual property protection marketing and infrastructure upgrades. Program case studies demonstrate tangible impact: one founder used a 5,000 Startup Currency award to cover patent related legal costs and subsequently secured a 10,000 NC IDEA Seed grant; another leveraged Boost Pad funding and support to add multiple new client accounts including a major school contract hire employees and reinvest in software and marketing operations. These outcomes illustrate how early flexible capital and targeted support unlock follow on funding business growth and job creation for low wealth founders who are typically excluded from traditional capital markets. To drive this impact The Boost Pad operates Startup Currency Resource Grants and related capital access programs including pitch competitions and the Nitro Fund. Startup Currency provides small flexible grants often awarded through cohort pitch nights to offset high impact startup and growth expenses. Pitch events also connect founders with potential funders customers and professional service providers. The Nitro Fund serves as a venture philanthropy vehicle that deploys startup currency as grants recoverable capital or equity investments to founders demonstrating traction and a path to sustainability initially seeded by corporate sponsorship and grown through donations and potential investment returns. Complementary activities include Access to Capital events grant writing support pro bono legal services and introductions to mission aligned lenders. Collectively these tools ensure that founders not only know how to grow their businesses but also have the financial runway and professional services required to execute advancing the organizations charitable purpose of expanding economic opportunity and job creation in under resourced communities.
  Expenses $8,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

84-3158649

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (170(b)(1)(A)(vi))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

2020

Accounting year ends

December

Files

Form 990 or 990-EZ

Category (NTEE)

Community improvement and capacity building (S43)

Assets (IRS master file)

$29,924

Income (IRS master file)

$137,802

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3158649).

Questions about BOOST PAD INC

What is the EIN of BOOST PAD INC?

The employer identification number (EIN) of BOOST PAD INC is 84-3158649.

Is BOOST PAD INC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.

Are donations to BOOST PAD INC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does BOOST PAD INC file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of BOOST PAD INC due?

The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.

When did BOOST PAD INC last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended December 2025.

Who is the principal officer of BOOST PAD INC?

The 990 for the year ended December 31, 2025 names Doug Neal.

Who are the officers and directors of BOOST PAD INC?

The 990 for the year ended December 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $37,600 (STEVEN LEWIS, CO-EXEC DIR).

How much revenue does BOOST PAD INC have?

On its 990 for the year ended December 31, 2025 it reported revenue of $137,802, expenses of $219,756 and total assets of $29,924 at year end.

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