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Nonprofiteer
← SANKOFA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SANKOFA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,660,607
Total expenses
$1,637,945
Contributions and grants received
$2,652,883
Grants paid
$0
Program service revenue
$465
Investment income
$0
Other revenue
$7,259
Total assets, end of year
$2,872,603
Total liabilities, end of year
$373,968
Net assets or fund balances, end of year
$2,498,635
Program services expenses (Part IX)
$780,790
Management and general expenses
$645,237
Fundraising expenses
$211,918
Program service expenses (Part III)
$780,790

Program services were 47.7% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,452

  • 1f · All other contributions, gifts and grants

    $2,650,431

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $465 · related or exempt $465 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $7,259 · related or exempt $7,259 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,259

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,229 · program services $101,237 · management and general $30,992

  • 7 · Other salaries and wages

    total $457,701 · program services $278,696 · management and general $85,319 · fundraising $93,686

  • 9 · Other employee benefits

    total $26,595 · management and general $26,595

  • 10 · Payroll taxes

    total $44,049 · management and general $44,049

  • 11b · Fees: legal

    total $69,442 · program services $69,442 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $129,432 · program services $0 · management and general $129,432 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $90,303 · fundraising $90,303

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $244,188 · program services $225,371 · management and general $18,817 · fundraising $0

  • 12 · Advertising and promotion

    total $20,694 · program services $0 · management and general $0 · fundraising $20,694

  • 13 · Office expenses

    total $36,696 · program services $4,702 · management and general $31,914 · fundraising $80

  • 14 · Information technology

    total $9,685 · program services $690 · management and general $8,995 · fundraising $0

  • 16 · Occupancy

    total $11,283 · program services $4,957 · management and general $6,326 · fundraising $0

  • 17 · Travel

    total $11,585 · program services $6,313 · management and general $5,272 · fundraising $0

  • 20 · Interest

    total $7,869 · program services $0 · management and general $7,869 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $16,762 · program services $0 · management and general $16,762 · fundraising $0

  • 23 · Insurance

    total $50,725 · program services $30,000 · management and general $20,725 · fundraising $0

  • 24a · Other expenses: Bad Debt Expense

    total $136,086 · program services $0 · management and general $136,086 · fundraising $0

  • 24b · Other expenses: Repair and Maintenance

    total $29,195 · program services $2,121 · management and general $27,074 · fundraising $0

  • 24c · Other expenses: Stipend

    total $20,170 · program services $19,346 · management and general $600 · fundraising $224

  • 24d · Other expenses: Supplies

    total $23,481 · program services $23,481 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $69,775 · program services $14,434 · management and general $48,410 · fundraising $6,931

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,013,017 · end of year $269,321

  • 3 · Pledges and grants receivable

    beginning of year $301,791 · end of year $776,380

  • 4 · Accounts receivable

    beginning of year $6,200 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,390 · end of year $488

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

    $1,925,856

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

    $99,442

  • 10c · Land, buildings and equipment, net

    beginning of year $487,320 · end of year $1,826,414

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,887 · end of year $152,315

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $112,757 · end of year $221,653

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$258,155 · end of year $776,378

  • 28 · Net assets with donor restrictions

    beginning of year $1,621,229 · end of year $1,722,257

Mission and programs · 2023

Mission

At Sankofa Community Development Corporation, we believe health to be the cornerstone of a thriving community with safety, stability and overall viability. We are committed to sustainable, health-centered development to revitalize the Lower Ninth Ward area through the lens of environmental justice. Our community and economic development programs address those systemic problems that cause social and health disparities by building infrastructure that works with nature (rather than against it). We are creating simple solutions to real-world problems by building infrastructure to support a resilient community in the Lower Ninth Ward and a local environment that promotes positive health outcomes and builds healthier communities for generations to come.

  • The Wetland Park & Nature Trail, is a cornerstone project within Sankofa CDC's ecosystem and resilience initiative that supports economic development in the Lower 9th Ward through the transformation of over 40 acres of blighted space into vibrant green infrastructure and restored ecological areas. Restoration activities that have occurred at the Wetland Park include the construction of bioretention ponds, extensive planting of native trees and plants, and installation of a permeable walking path. Sankofa CDC collaborates with K-8 schools to co-facilitate STEM education workshops at the Wetland Park that teach students the importance of wetlands habitat restoration and ignite their learning. The USDA People's garden at St Claude Ct and the pollinator garden on Tennessee St include Louisiana native plants to provide resources essential to climate resilience and the support of healthy ecosystems.

    Expenses $547,597

  • The Fresh Start Market is a cornerstone project on St Claude Avenue within Sankofa CDC's commercial corridor revitalization initiative. The Fresh Start Market provides consistent access to locally sourced fresh produce and a teaching kitchen to help ensure all families have access to nutrient-rich food in a community facing significant food insecurity. The teaching kitchen is co-led by the Xavier University Health & Wellness Center and offers healthy cooking and nutrition education classes. The Fresh Start Market program also raises awareness of food system deficits and opportunities to advocate for effective policy and programs. Stakeholders will have the resources they need to shape public policy to improve equity, opportunity, and collaboration in our local food system by working with community partners, stakeholders and residents to increase food access and nutrition security.

    Expenses $44,925

  • The Lower Ninth Ward Mainstreet Program aims to revitalize St. Claude Avenue into a vibrant commercial corridor by attracting economic development, promoting cultural richness, and uplifting future generations through sustainable investments, education, and equitable systems. The program will support the revitalization of the St Claude Ave corridor to foster opportunities for innovation, the development of a healthy and sustainable circular economy, and design elements that reflect the beauty and culture of the Lower Ninth Ward area. The program goals are to: 1) facilitate economic growth of the St. Claude Avenue corridor; 2) improve public perception of the St. Claude Ave corridor through projects and programs designed to elevate the built environment; 3) support community engagement, leadership, and thought partnership on Lower Ninth Ward Main Street priorities by working with community stakeholders to advocate for resources that support economic investment on St. Claude Ave corridor; and 4) utilize diverse marketing and outreach approaches to communicate L9W Main Street programs and priorities.

    Expenses $188,268

  • Sankofa CDC's edible educational garden grows edible food with healthy eating programs.The garden grows foods representing local indigenous culture, work with community gardeners to offer growing spaces, and grow starter plants from seeds for planting. The edible educational garden is a continuation of Sankofa CDC's efforts to support healthy ecosystems as we offer progressive approaches to revitalize our community in a sustainable way. The garden programming includes family-centered community programming, bi-annual seed planting workshops, and giveaways of starter plants for community members to plant in the garden or their home backyard gardens.

As filed on the 2023 return.

Listed in Part VII

  • Rashida Ferdinand

    CEO

    Total calculated
    $132,229
    From this org
    $132,229
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Adonis Expose

    Member

    Total calculated
    $0
    Hours/week
    2

  • Terrance Taylor

    Chairperson

    Total calculated
    $0
    Hours/week
    2

  • Daniela Rivero

    TreasurerTreasurer

    Total calculated
    $0
    Hours/week
    2

  • Molly Hegarty

    Member

    Total calculated
    $0
    Hours/week
    2

  • Melissa Lee

    Member

    Total calculated
    $0
    Hours/week
    2

  • Bernard Singleton

    Member

    Total calculated
    $0
    Hours/week
    2

  • Marlin Ford

    Member

    Total calculated
    $0
    Hours/week
    2

  • Marcia St Martin

    Member

    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
2023
Filed
10 November 2024
IRS schema version
2023v5.0
Source object
202433209349316533

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