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Nonprofiteer
← SHERMAN PARK COMMUNITY ASSOCIATION INC

Form 990 for tax year 2023

Filed by SHERMAN PARK COMMUNITY ASSOCIATION INC.

Totals

Total revenue
$540,958
Total expenses
$397,346
Contributions and grants received
$539,900
Grants paid
$0
Program service revenue
$1,050
Investment income
$8
Other revenue
$0
Total assets, end of year
$259,681
Total liabilities, end of year
$9,752
Net assets or fund balances, end of year
$249,929
Program services expenses (Part IX)
$335,258
Management and general expenses
$50,310
Fundraising expenses
$11,778
Program service expenses (Part III)
$335,258

Program services were 84.4% 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.

  • 1b · Membership dues

    $4,585

  • 1e · Government grants (contributions)

    $324,770

  • 1f · All other contributions, gifts and grants

    $210,545

  • 2a · Program service revenue: COMMUNITY EVENTS

    total $1,050 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8 · unrelated business $0 · excluded $8

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $50,000 · program services $30,000 · management and general $12,500 · fundraising $7,500

  • 7 · Other salaries and wages

    total $21,349 · program services $17,079 · management and general $4,270 · fundraising $0

  • 9 · Other employee benefits

    total $18,953 · program services $12,506 · management and general $4,455 · fundraising $1,992

  • 10 · Payroll taxes

    total $5,076 · program services $3,349 · management and general $1,193 · fundraising $534

  • 11c · Fees: accounting

    total $19,252 · program services $0 · management and general $19,252 · fundraising $0

  • 11g · Fees: other

    total $45,324 · program services $45,324 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $421 · program services $421 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $14,620 · program services $10,394 · management and general $2,599 · fundraising $1,627

  • 16 · Occupancy

    total $13,241 · program services $10,593 · management and general $2,648 · fundraising $0

  • 17 · Travel

    total $46 · program services $46 · management and general $0 · fundraising $0

  • 20 · Interest

    total $187 · program services $112 · management and general $75 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,249 · program services $2,339 · management and general $910 · fundraising $0

  • 23 · Insurance

    total $6,429 · program services $5,143 · management and general $1,286 · fundraising $0

  • 24a · Other expenses: Renovation services program

    total $53,465 · program services $53,465 · management and general $0 · fundraising $0

  • 24b · Other expenses: Neighborhood improvement district program

    total $119,627 · program services $119,627 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other programs

    total $19,872 · program services $19,872 · management and general $0 · fundraising $0

  • 24d · Other expenses: TELEPHONE

    total $6,235 · program services $4,988 · management and general $1,122 · fundraising $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,949 · end of year $5,466

  • 2 · Savings and temporary cash investments

    beginning of year $40,230 · end of year $144,517

  • 3 · Pledges and grants receivable

    beginning of year $18,909 · end of year $78,133

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

    $153,857

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

    $122,292

  • 10c · Land, buildings and equipment, net

    beginning of year $34,814 · end of year $31,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,752 · end of year $9,752

  • 23 · Secured mortgages and notes payable

    beginning of year $4,902

  • 27 · Net assets without donor restrictions

    beginning of year $90,322 · end of year $249,929

  • 28 · Net assets with donor restrictions

    beginning of year $10,926

Mission and programs · 2023

Mission

To identify and publicize the advantages of the geographical area in which the Association operates, exploring and promoting innovative projects which will initiate action designed to promote integrated urban living.

  • The organization promotes the quality of life in the Sherman Park neighborhood in Milwaukee, Wiscosnin. This is accomplished by maintaining diversity, enhancing safety and strengthening the neighborhoods economic vitality.

    Expenses $335,258 · Revenue $1,050

As filed on the 2023 return.

Listed in Part VII

  • Mabel Lamb

    EXECUTIVE DIRECTOR

    Total calculated
    $44,267
    From this org
    $44,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tristan Hickman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jordan Morales

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Stacy McSwain

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lauren Poppen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Felice Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leah Holloway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Littlemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jacquelyn Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcia Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cierra Chesir

    FORMER - ROTATED OFF BOARD IN 2023

    Total calculated
    $0
    Hours/week
    2

  • Nicole Rene Johnson

    FORMER - ROTATED OFF BOARD IN 2023

    Total calculated
    $0
    Hours/week
    2

  • Dawan Turnipseed

    FORMER - ROTATED OFF BOARD IN 2023

    Total calculated
    $0
    Hours/week
    2

  • Shai Wise

    FORMER - ROTATED OFF BOARD IN 2023

    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
30 April 2024
IRS schema version
2023v5.1
Source object
202402709349300905

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