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Nonprofiteer
← SOFI TUCKER FOUNDATION

Form 990 for tax year 2023

Filed by SOFI TUCKER FOUNDATION.

Totals

Total revenue
$12,066,633
Total expenses
$3,656,396
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$12,066,633
Other revenue
$0
Total assets, end of year
$18,518,106
Total liabilities, end of year
$80,000
Net assets or fund balances, end of year
$18,438,106
Program services expenses (Part IX)
$3,418,443
Management and general expenses
$237,953
Fundraising expenses
$0
Program service expenses (Part III)
$3,418,443

Program services were 93.5% 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.

  • 3 · Investment income

    total $12,066,633 · excluded $12,066,633

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11b · Fees: legal

    total $234,174 · management and general $234,174

  • 13 · Office expenses

    total $2,985 · management and general $2,985

  • 14 · Information technology

    total $3,641 · program services $3,641

  • 17 · Travel

    total $19,949 · program services $19,949

  • 23 · Insurance

    total $794 · management and general $794

  • 24a · Other expenses: PROGRAM EXPENSES - OTHE

    total $2,894,853 · program services $2,894,853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,110 · end of year $105,053

  • 3 · Pledges and grants receivable

    beginning of year $368,647

  • 7 · Other notes and loans receivable

    beginning of year $805,000 · end of year $2,223,647

  • 12 · Investments: other securities

    beginning of year $8,926,112 · end of year $16,189,406

  • 18 · Grants payable

    beginning of year $80,000 · end of year $80,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,027,869 · end of year $18,438,106

Mission and programs · 2023

Mission

TO SUPPORT THE HEALTH AND GENERAL WELL-BEING OF ECONOMICALLY AND SOCIALLY DISADVANTAGED WOMEN AND THEIR FAMILIES IN THE UNITED STATES AND AFRICA.

Activities or mission (Part I)

TO SUPPORT THE HEALTH AND GENERAL WELL-BEING OF ECONOMICALLY AND SOCIALLY DISADVANTAGED WOMEN

  • DISBURSEMENT OF GRANTS TO WORTHY ORGANIZATIONS THAT SUPPORT ECONOMICAL AND EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY AND SOCIALLY DISADVANTAGED WOMEN AND THEIR CHILDREN.

    Expenses $3,418,443 · Grants $500,000

As filed on the 2023 return.

Listed in Part VII

  • Sean Hall

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mary B Dennis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Martha Dennis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Richelieu W Dennis Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 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.

Grants on this return

  • MADAM CJ WALKER INSTITUTE

    $400,000

    TO SUPPORT ORGANIZATION MISSION.

  • PRIZM ART FAIR LLC

    $100,000

    TO SUPPORT ORGANIZATION MISSION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NEW VOICES FUND LP

    INVESTMENT · INVESTMENTS · DE · 16.38% owned

Provenance

Return type
form_990
Tax year
2023
Filed
16 November 2024
IRS schema version
2023v5.1
Source object
202423219349300312

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