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Nonprofiteer
← SB7 SUPPORT FOUNDATION INC

Form 990 for tax year 2024

Filed by SB7 SUPPORT FOUNDATION INC.

Totals

Total revenue
$1,019,266
Total expenses
$1,549,238
Contributions and grants received
$506,667
Grants paid
$1,524,008
Program service revenue
$0
Investment income
$512,599
Other revenue
$0
Total assets, end of year
$7,451,420
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,451,420
Program services expenses (Part IX)
$1,549,208
Management and general expenses
$30
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $506,667

  • 3 · Investment income

    total $512,599 · related or exempt $512,599

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,524,008 · program services $1,524,008

  • 11f · Fees: investment management

    total $25,200 · program services $25,200

  • 13 · Office expenses

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,509,135 · end of year $2,632,446

  • 13 · Investments: program-related

    beginning of year $4,472,257 · end of year $4,818,974

  • 27 · Net assets without donor restrictions

    beginning of year $7,981,392 · end of year $7,451,420

Mission and programs · 2024

Mission

SUPPORTS CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS, AND LITERARY PROGRAMS THROUGH FINANCIAL SUPPORT OF SB7 COALITION INC., A 501C3 ORG.

Activities or mission (Part I)

SUPPORTS CHARITABLE EDUCATIONAL SCIENTIFIC RELIGIOUS AND LITERARY PROGRAMS THROUGH FINANCIAL SUPPORT OF SB7 COALITION INC A 501C3 ORGANIZATION

  • SB7 SUPPORTS THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS AND LITERARY PROGRAMS AND ORGANIZATIONS IN THE PORT COVINGTON COMMUNITY BALTIMORE AND THE SIX (6) COMMUNITIES AROUND PORT COVINGTON: BROOKLYN, CHERRY HILL, CURTIS BAY, LAKELAND, MT. WINANS AND WESTPORT. THE FOUNDATION PROVIDES GRANT FUNDING TO SB7 COALITION, INC., A 501C3 ORGANIZATION AS THEIR SUPPORTED ENTITY AND GRANT MAKER TO VARIOUS COMMUNITY ORGANIZATIONS.

As filed on the 2024 return.

Listed in Part VII

  • Greg Sawtell

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Angela Smothers

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cleoda Walker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rob Boidock

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349317891

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