Form 990 for tax year 2024
Filed by SBC DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $1,683,892
- Total expenses
- $1,594,205
- Contributions and grants received
- $127,378
- Grants paid
- $388,750
- Program service revenue
- $1,556,325
- Investment income
- $189
- Other revenue
- $0
- Total assets, end of year
- $568,217
- Total liabilities, end of year
- $26,334
- Net assets or fund balances, end of year
- $541,883
- Program services expenses (Part IX)
- $1,316,379
- Management and general expenses
- $277,710
- Fundraising expenses
- $116
- Program service expenses (Part III)
- $1,316,379
Program services were 82.6% 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
$15,350
-
1f · All other contributions, gifts and grants
$112,028
-
1g · Noncash contributions included above
$863
-
2a · Program service revenue: Tuition and Registrations
total $1,556,325 · related or exempt $1,556,325
-
3 · Investment income
total $189 · related or exempt $189
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $388,750 · program services $388,750
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $62,440 · program services $55,572 · management and general $6,868
-
6 · Compensation of disqualified persons
total $56,069 · program services $49,901 · management and general $6,168
-
7 · Other salaries and wages
total $563,097 · program services $501,156 · management and general $61,941
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $53,715 · program services $47,806 · management and general $5,909
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,683 · management and general $1,683
-
11c · Fees: accounting
total $1,350 · management and general $1,350
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $36,065 · program services $32,316 · management and general $3,749
-
12 · Advertising and promotion
total $1,135 · program services $1,135
-
13 · Office expenses
total $4,548 · management and general $4,548
-
14 · Information technology
total $1,792 · management and general $1,792
-
15 · Royalties
total $0
-
16 · Occupancy
total $133,898 · program services $60,000 · management and general $73,898
-
17 · Travel
total $51,523 · management and general $51,523
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $33,834 · program services $16,917 · management and general $16,917
-
23 · Insurance
total $1,708 · management and general $1,708
-
24a · Other expenses: Food, water, refreshments
total $84,110 · program services $84,110
-
24b · Other expenses: Educational expenses
total $46,382 · program services $46,382
-
24c · Other expenses: Supplies and materials
total $43,834 · program services $21,917 · management and general $21,917
-
24d · Other expenses: Bible, books, maaterials
total $6,789 · program services $6,789
-
24e · All other expenses
total $21,483 · program services $3,628 · management and general $17,739 · fundraising $116
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $145,201 · end of year $218,129
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$620,604
-
10b · Land, buildings and equipment: accumulated depreciation
$270,516
-
10c · Land, buildings and equipment, net
beginning of year $392,053 · end of year $350,088
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $77,512 · end of year $26,334
-
25 · Other liabilities
beginning of year $3,665
-
27 · Net assets without donor restrictions
beginning of year $456,077 · end of year $541,883
Mission and programs · 2024
Mission
The mission of the corporation is to provide charitable, societal improvement, health awareness, recreational and community outreach programs, housing rehabilitation, housing development, activities and seminars.
-
The Corporation 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, nuturing 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 $1,316,379 · Grants $388,750 · Revenue $1,556,325
As filed on the 2024 return.
Listed in Part VII
-
David Greene Sr
President
- Total calculated
- $147,930
- From this org
- $0
- From related orgs
- $81,733
- Other
- $66,197
- Hours/week
- 1 + 40 related
-
Ashley Hogue
Treasurer
- Total calculated
- $62,440
- From this org
- $62,440
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James Byers
Vice President
- 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.
Grants on this return
-
$388,500
General Support
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.
-
501(c)(3) · Church · IN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533109349300723
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