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← SBC DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by SBC DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$1,527,552
Total expenses
$1,201,603
Contributions and grants received
$1,124,855
Grants paid
$205,258
Program service revenue
$401,376
Investment income
$662
Other revenue
$659
Total assets, end of year
$625,179
Total liabilities, end of year
$47,307
Net assets or fund balances, end of year
$577,872
Program services expenses (Part IX)
$837,646
Management and general expenses
$363,957
Fundraising expenses
$0
Program service expenses (Part III)
$837,646

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $212,171

  • 1e · Government grants (contributions)

    $912,684

  • 2a · Program service revenue: REGISTRATIONS

    total $401,376 · related or exempt $401,376

  • 3 · Investment income

    total $662 · excluded $662

  • 11a · Other revenue: VAULT SERVICES

    total $500 · excluded $500

  • 11b · Other revenue: AMAZON MARKETPLACE ADJUSTMENT

    total $159 · excluded $159

  • 11e · Other revenue, total

    $659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $205,000 · program services $205,000

  • 2 · Grants to domestic individuals

    total $258 · program services $258

  • 5 · Compensation of officers, directors and key employees

    total $69,870 · management and general $69,870

  • 6 · Compensation of disqualified persons

    total $66,849 · program services $59,496 · management and general $7,353

  • 7 · Other salaries and wages

    total $365,017 · program services $324,865 · management and general $40,152

  • 10 · Payroll taxes

    total $38,809 · program services $34,540 · management and general $4,269

  • 11b · Fees: legal

    total $2,055 · management and general $2,055

  • 11c · Fees: accounting

    total $4,564 · management and general $4,564

  • 11g · Fees: other

    total $31,515 · program services $14,228 · management and general $17,287

  • 12 · Advertising and promotion

    total $723 · program services $723

  • 13 · Office expenses

    total $40,602 · program services $20,036 · management and general $20,566

  • 14 · Information technology

    total $1,860 · management and general $1,860

  • 16 · Occupancy

    total $185,421 · program services $90,884 · management and general $94,537

  • 17 · Travel

    total $63,838 · program services $3,996 · management and general $59,842

  • 20 · Interest

    total $2,949 · management and general $2,949

  • 22 · Depreciation, depletion and amortization

    total $35,894 · program services $17,947 · management and general $17,947

  • 23 · Insurance

    total $1,165 · management and general $1,165

  • 24a · Other expenses: FOOD, WATER & REFRESHMENT

    total $54,627 · program services $54,627

  • 24b · Other expenses: HOSPITALITY & SPECIAL OCC

    total $7,611 · management and general $7,611

  • 24c · Other expenses: EDUCATIONAL EXPENSE

    total $7,308 · program services $7,308

  • 24d · Other expenses: FURNISHINGS AND DECOR

    total $3,895 · management and general $3,895

  • 24e · All other expenses

    total $11,773 · program services $3,738 · management and general $8,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,964 · end of year $326,689

  • 10a · Land, buildings and equipment: cost or other basis

    $498,740

  • 10b · Land, buildings and equipment: accumulated depreciation

    $200,250

  • 10c · Land, buildings and equipment, net

    beginning of year $135,896 · end of year $298,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,050 · end of year $43,642

  • 23 · Secured mortgages and notes payable

    beginning of year $45,222

  • 25 · Other liabilities

    beginning of year $3,665 · end of year $3,665

  • 27 · Net assets without donor restrictions

    beginning of year $251,923 · end of year $577,872

Mission and programs · 2022

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE CHARITABLE, SOCIETAL IMPROVEMENT, HEALTH AWARENESS, RECREATIONAL AND COMMUNITY OUTREACH PROGRAMS, HOUSING REHABILITATION, HOUSING DEVELOPMENT, ACTIVITIES AND SEMINARS.

  • SBC DEVELOPMENT CORPORATION, INCORPORATION RUNS A STREET-BASED HOMELESS OUTREACH PROGRAM WHERE A TEAM OF INDIVIDUALS PROVIDES MEALS, CLOTHING, BLANKETS, AND EMERGENCY ASSISTANCE TO HOMELESS PERSONS ON THE STREET. SBCDC ALSO PROVIDES A YOUTH MINISTRY PROGRAM WHICH INCLUDES SUMMER CAMP AND PROVIDES YOUTHS WITH CULTURAL ENRICHMENT ACTIVITIES, ARTS & CRAFTS, MATHEMATICS, SCIENCE, DRAMA, DANCE, READING, EMPLOYMENT AND TRAINING, CONFLICT RESOLUTION, AND A SAFE ENVIRONMENT WITH LOVING, NURTURING ROLE MODELS. THEY ALSO PROVIDE A HEALTH AND WELLNESS MINISTRY, THE ARK OF HEALTHY LIVING, WHICH INCLUDES MEMBERS TRAINED IN HOW TO CONDUCT HIV/AIDS OUTREACH SERVICES. THE SERVICES INCLUDE EDUCATION, SEMINARS, SCREENING, SUPPORT, AND COUNSELING TO FAMILIES WHOSE LOVED ONES ARE INFECTED WITH THE VIRUS, AND PROVIDING INFORMATION AND REFERRAL SERVICES. SBC ALSO PROVIDES A SUPPORT SERVICE MINISTRY FOR RECOVERING ALCOHOL AND DRUG ADDICTS. REFERRALS AND PROFESSIONAL COUNSELING ARE ALSO PROVIDED AS AN INTERVENTION STRATEGY.

    Expenses $837,646 · Grants $205,258 · Revenue $401,376

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Greene Sr

    PRESIDENT

    Total calculated
    $162,725
    From this org
    $7,000
    From related orgs
    $92,725
    Other
    $63,000
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $63,000 related
    Bonus
    $7,000 + $29,725 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $63,000 related
    Filer's total
    $7,000 + $155,725 related

  • Ashley Hogue

    TREASURER

    Total calculated
    $62,870
    From this org
    $62,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James Byers

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Helen Dullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ernestine Woodson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2023
IRS schema version
2022v5.0
Source object
202321359349304172

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