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Nonprofiteer
← SMALL BUSINESS EMPOWERMENT FUND CDFI

Form 990 for tax year 2023

Filed by SMALL BUSINESS EMPOWERMENT FUND CDFI.

Totals

Total revenue
$126,780
Total expenses
$510
Contributions and grants received
$125,777
Grants paid
$0
Program service revenue
$0
Investment income
$1,003
Other revenue
$0
Total assets, end of year
$251,088
Total liabilities, end of year
$463
Net assets or fund balances, end of year
$250,625
Program services expenses (Part IX)
$0
Management and general expenses
$510
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $125,777

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,003 · related or exempt $1,003 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

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

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $510 · management and general $510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,033 · end of year $125,300

  • 7 · Other notes and loans receivable

    beginning of year $106,553 · end of year $125,788

  • 25 · Other liabilities

    beginning of year $4,231 · end of year $463

  • 27 · Net assets without donor restrictions

    beginning of year $124,355 · end of year $250,625

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

A community development financial institution or community development finance institution - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the St. Louis City and county.

  • The SBEF lends to low income communities at low interest rates.

    Revenue $1,003

As filed on the 2023 return.

Listed in Part VII

  • Denise Phillips

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Washington

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Walker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Henderson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Joe Frank

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Craig Higgins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lorraine McKinney

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin Wilson

    Program Director

    Total calculated
    $0
    Hours/week
    2

  • Alan Richter

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Reginald Scott

    Co Chair

    Total calculated
    $0
    Hours/week
    1

  • Michelle Stuckey

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 April 2024
IRS schema version
2023v5.0
Source object
202431129349300703

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