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Nonprofiteer
← DELANCEY STREET SOUTH CAROLINA

Form 990 for tax year 2023

Filed by DELANCEY STREET SOUTH CAROLINA.

Totals

Total revenue
$970,542
Total expenses
$814,479
Contributions and grants received
$427,999
Grants paid
$0
Program service revenue
$515,590
Investment income
$4,994
Other revenue
$21,959
Total assets, end of year
$1,303,307
Total liabilities, end of year
$18,573
Net assets or fund balances, end of year
$1,284,734
Program services expenses (Part IX)
$800,307
Management and general expenses
$12,419
Fundraising expenses
$1,753
Program service expenses (Part III)
$800,307

Program services were 98.3% 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

    $427,999

  • 1g · Noncash contributions included above

    $311,714

  • 2a · Program service revenue: VOCATIONAL TRAINING

    total $515,590 · related or exempt $515,590

  • 3 · Investment income

    total $4,994 · excluded $4,994

  • 10a · Gross sales of inventory

    $87,181

  • 10b · Cost of goods sold

    $65,222

  • 10c · Net income from sales of inventory

    total $21,959 · related or exempt $21,959

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $26,728 · program services $21,382 · management and general $5,346

  • 12 · Advertising and promotion

    total $9,000 · program services $9,000

  • 13 · Office expenses

    total $57,305 · program services $55,872 · management and general $573 · fundraising $860

  • 16 · Occupancy

    total $178,663 · program services $173,303 · management and general $4,467 · fundraising $893

  • 17 · Travel

    total $118,980 · program services $117,790 · management and general $1,190

  • 20 · Interest

    total $601 · program services $601

  • 22 · Depreciation, depletion and amortization

    total $3,373 · program services $2,530 · management and general $843

  • 24a · Other expenses: DONATED GOODS EXPENSE

    total $311,714 · program services $311,714

  • 24b · Other expenses: FOOD EXPENSE

    total $49,391 · program services $49,391

  • 24c · Other expenses: RESIDENT GRADUATION EXP

    total $40,301 · program services $40,301

  • 24d · Other expenses: STIPEND

    total $6,870 · program services $6,870

  • 24e · All other expenses

    total $11,553 · program services $11,553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,811 · end of year $411,615

  • 2 · Savings and temporary cash investments

    beginning of year $850,000 · end of year $854,994

  • 4 · Accounts receivable

    beginning of year $2,129 · end of year $10,572

  • 8 · Inventories for sale or use

    beginning of year $12,867 · end of year $8,919

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

    $66,564

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

    $52,857

  • 10c · Land, buildings and equipment, net

    beginning of year $17,080 · end of year $13,707

  • 15 · Other assets

    beginning of year $3,500 · end of year $3,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,716 · end of year $18,573

  • 27 · Net assets without donor restrictions

    beginning of year $1,128,671 · end of year $1,284,734

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • THE PROGRAM SERVED AN AVERAGE POPULATION OF 40 RESIDENTS. THE RESIDENTS ARE FORMER DRUG/ALCOHOL ABUSERS, HOMELESS, AND OTHERS. THE PROGRAM PROVIDES LONG-TERM HOUSING, FOOD, CLOTHING, JOB TRAINING, EDUCATION, AND LIFE SKILLS ON A 24-HOUR BASIS FOR THE FULL CALENDAR YEAR. MANY RESIDENTS RECEIVE HIGH SCHOOL EQUIVALENCY OR ABOVE. ALL WHO GRADUATED HAVE OBTAINED GAINFUL EMPLOYMENT AND HAVE RETURNED TO VARIOUS COMMUNITIES AS DECENT, LAW-ABIDING INDIVIDUALS.

    Expenses $800,307 · Revenue $537,549

As filed on the 2023 return.

Listed in Part VII

  • DAVID SILBERT

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ERIC ORTIZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • GREG SILBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • PETER PALMISANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • RACHELLE YE - FROM 122023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • SUSAN MARGOLIS BALK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • JERRY RAYMOND

    TREASURER

    Total calculated
    $189,787
    From this org
    $0
    From related orgs
    $104,656
    Other
    $85,131
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $77,656 related
    Bonus
    $0
    Other
    $0 + $27,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $85,131 related
    Filer's total
    $0 + $189,787 related

  • MIMI SILBERT

    PRESIDENT/CEO

    Total calculated
    $553,403
    From this org
    $0
    From related orgs
    $397,417
    Other
    $155,986
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,917 related
    Bonus
    $0
    Other
    $0 + $47,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $155,986 related
    Filer's total
    $0 + $553,403 related

  • STEPHANIE MULLER- FROM 122023

    SECRETARY / OFFICER

    Total calculated
    $270,683
    From this org
    $0
    From related orgs
    $182,178
    Other
    $88,505
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $77,589 related
    Bonus
    $0
    Other
    $0 + $104,589 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $88,505 related
    Filer's total
    $0 + $270,683 related

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

None.

Answered no

  • 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

The filer's explanations (Part III)

PART II COLUMN D: NONTAXABLE BENEFITS
AMOUNTS INCLUDED IN NONTAXABLE BENEFITS INCLUDE THE ESTIMATED VALUE OF MEALS AND LODGING PROVIDED ON BEHALF OF THROCKMORTON DBA DELANCEY STREET FOUNDATION AT AN AFFILIATE'S RESIDENTIAL REHABILITATION FACILITY AS A CONDITION OF EMPLOYMENT AND EXCLUDED FROM INCOME UNDER INTERNAL REVENUE CODE SECTION 119.

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

No itemized grants to organizations 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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423199349312617

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