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Nonprofiteer
← SB7 SUPPORT FOUNDATION INC

Form 990 for tax year 2023

Filed by SB7 SUPPORT FOUNDATION INC.

Totals

Total revenue
$624,856
Total expenses
$883,026
Contributions and grants received
$0
Grants paid
$858,000
Program service revenue
$0
Investment income
$624,856
Other revenue
$0
Total assets, end of year
$7,981,392
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,981,392
Program services expenses (Part IX)
$858,000
Management and general expenses
$25,026
Fundraising expenses
$0
Program service expenses (Part III)
$858,000

Program services were 97.2% 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 $624,856 · related or exempt $624,856

  • 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 $858,000 · program services $858,000

  • 11f · Fees: investment management

    total $25,026 · management and general $25,026

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $8,239,563 · end of year $7,981,392

  • 27 · Net assets without donor restrictions

    beginning of year $8,239,563 · end of year $7,981,392

Mission and programs · 2023

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 ORG

  • SB7 SUPPORTS THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS AND LITERARY PROGRAMS AND ORGANIZATIONS IN THE PORT COVINGTON COMMUNITY OF 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.

    Expenses $858,000 · Grants $858,000

As filed on the 2023 return.

Listed in Part VII

  • Greg Sawtell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Angela Smothers

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cleoda Walker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rob Boidock

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 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

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
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349303459

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