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Nonprofiteer
← SOCIAL DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by SOCIAL DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$436,057
Total expenses
$413,925
Contributions and grants received
$531,206
Grants paid
$351,000
Program service revenue
$0
Investment income
-$32,264
Other revenue
-$62,885
Total assets, end of year
$731,275
Total liabilities, end of year
$408,215
Net assets or fund balances, end of year
$323,060
Program services expenses (Part IX)
$409,177
Management and general expenses
$4,748
Fundraising expenses
$0
Program service expenses (Part III)
$409,177

Program services were 98.9% 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.

  • 1c · Fundraising events

    $116,463

  • 1e · Government grants (contributions)

    $27,500

  • 1f · All other contributions, gifts and grants

    $387,243

  • 1g · Noncash contributions included above

    $12,500

  • 7b · Less cost or other basis and sales expenses

    securities $32,264

  • 7c · Gain or loss

    securities -$32,264

  • 7d · Net gain or loss

    total -$32,264 · excluded -$32,264

  • 8a · Fundraising events: gross income

    $27,500

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

    $116,463

  • 8b · Fundraising events: direct expenses

    $90,385

  • 8c · Net income from fundraising events

    total -$62,885 · excluded -$62,885

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $351,000 · program services $351,000

  • 7 · Other salaries and wages

    total $22,520 · program services $22,520

  • 9 · Other employee benefits

    total $2,015 · program services $2,015

  • 10 · Payroll taxes

    total $1,723 · program services $1,723

  • 11c · Fees: accounting

    total $3,643 · management and general $3,643

  • 11f · Fees: investment management

    total $1,105 · management and general $1,105

  • 13 · Office expenses

    total $20,246 · program services $20,246

  • 16 · Occupancy

    total $3,600 · program services $3,600

  • 17 · Travel

    total $30 · program services $30

  • 19 · Conferences, conventions and meetings

    total $250 · program services $250

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $5,504 · program services $5,504

  • 24b · Other expenses: BANK & CREDIT CARD FEES

    total $1,074 · program services $1,074

  • 24c · Other expenses: PARTICIPANT RECRUITMENT

    total $855 · program services $855

  • 24d · Other expenses: TELEPHONE

    total $360 · program services $360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,466 · end of year $530,017

  • 4 · Accounts receivable

    beginning of year $254,836 · end of year $11,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,247 · end of year $2,499

  • 15 · Other assets

    beginning of year $221,128 · end of year $187,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $256,265 · end of year $5,975

  • 25 · Other liabilities

    beginning of year $22,483 · end of year $402,240

  • 27 · Net assets without donor restrictions

    beginning of year $296,682 · end of year $323,060

  • 28 · Net assets with donor restrictions

    beginning of year $4,247 · end of year $0

Mission and programs · 2022

Mission

STRENGTHEN MILWAUKEE COUNTY THROUGH OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS TO ACHIEVE ECONOMIC STABILITY AND A POSITIVE QUALITY OF LIFE.

Activities or mission (Part I)

THE SOCIAL DEVELOPMENT FOUNDATION WAS ESTABLISHED IN 2003 AS A 501(C)(3) NONPROFIT ORGANIZATION FOR THE SOLE PURPOSE OF PROVIDING FINANCIAL SUPPORT FOR THE PROGRAMS AND INITIATIVES OF THE COMMUNITY RELATIONS - SOCIAL DEVELOPMENT COMMISSION (SDC). THE SDC IS THE COMMUNITY-ACTION AGENCY FOR MILWAUKEE COUNTY AND DIRECTS OVER 20 PROGRAMS, WHICH OFFER BASIC SERVICES AND ASSET-BUILDING PROGRAMS TO LOW-INCOME RESIDENTS. THE FOUNDATION'S VISION IS TO GENERATE PRIVATE-SECTOR SUPPORT TO SUPPLEMENT TAX-BASED FUNDING, WITH THE RESULT OF EXPANDED PROGRAMS, ENHANCED SERVICES, AND A BROADENED AWARENESS OF SDC'S MISSION IN THE COMMUNITY, EMPOWERING MILWAUKEE COUNTY RESIDENTS WITH THE RESOURCES TO MOVE BEYOND POVERTY.

  • ASSET BUILDING - PROVIDED FREE TAX PREPARATION SERVICES TO RESIDENTS FILING FEDERAL AND STATE TAX RETURNS, GENERATING TAX REFUNDS AND TAX CREDITS WHILE SAVING TAX PREPARATION FEES. THE PROGRAM ALSO CONDUCTED FINANCIAL LITERACY WORKSHOPS WHERE CLIENTS PARTICIPATED AND OPENED BANK ACCOUNTS.

    Expenses $265,000 · Grants $265,000

  • POVERTY SUMMIT PROVIDING INFORMATION FOR PEOPLE TO STAY INFORMED ON EVERYTHING AFFECTING POOR PEOPLE.

    Expenses $68,500 · Grants $68,500

  • Expenses $75,677 · Grants $17,500

As filed on the 2022 return.

Listed in Part VII

  • Alicia Smith McCants

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Goodman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Clark

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stanthia Grier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Al Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stanley Brister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erica Bean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Blackwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Bobot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Shandowlyon Hendricks-Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert McKinley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridget Whitaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aisha Barkow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nakeisha Adam

    DIRECTOR

    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

  • SOCIAL DEVELOPMENT COMMISSION

    $351,000

    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.

  • SOCIAL DEVELOPMENT COMMISSION

    GOV · GOVERNMENTAL ENTITY · WI

    Directly controlled by NOT APPLICABLE

  • SD PROPERTIES INC

    501(C)(25) · TITLE HOLDING · WI

    Directly controlled by SOCIAL DEVELOPMENT COMMISSION

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349314527

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