Form 990 for tax year 2023
Filed by KLONDIKE SMOKEY CITY COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $545,809
- Total expenses
- $619,127
- Contributions and grants received
- $441,293
- Grants paid
- $0
- Program service revenue
- $104,516
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $157,957
- Total liabilities, end of year
- $5,510
- Net assets or fund balances, end of year
- $152,447
- Program services expenses (Part IX)
- $297,907
- Management and general expenses
- $321,220
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $297,907
Program services were 48.1% 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.
-
1e · Government grants (contributions)
$15,719
-
1f · All other contributions, gifts and grants
$425,574
-
2a · Program service revenue: Membership Dues
total $800 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Rental Income
total $103,716 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $75,000 · program services $40,385 · management and general $34,615 · fundraising $0
-
7 · Other salaries and wages
total $227,572 · program services $0 · management and general $227,572 · fundraising $0
-
10 · Payroll taxes
total $22,778 · program services $3,089 · management and general $19,689 · fundraising $0
-
11c · Fees: accounting
total $2,275 · program services $0 · management and general $2,275 · fundraising $0
-
11g · Fees: other
total $158,035 · program services $155,785 · management and general $2,250 · fundraising $0
-
12 · Advertising and promotion
total $542 · program services $0 · management and general $542 · fundraising $0
-
13 · Office expenses
total $8,089 · program services $1,734 · management and general $6,355 · fundraising $0
-
16 · Occupancy
total $9,731 · program services $0 · management and general $9,731 · fundraising $0
-
17 · Travel
total $109 · program services $109 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,789 · program services $0 · management and general $2,789 · fundraising $0
-
23 · Insurance
total $22,964 · program services $20,291 · management and general $2,673 · fundraising $0
-
24a · Other expenses: Administrative
total $0 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: Payroll Fee
total $2,753 · program services $0 · management and general $2,753 · fundraising $0
-
24c · Other expenses: Postage, Mailing Service
total $26 · program services $26 · management and general $0 · fundraising $0
-
24e · All other expenses
total $86,464 · program services $76,488 · management and general $9,976 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,412 · end of year $95,847
-
10a · Land, buildings and equipment: cost or other basis
$58,235
-
10c · Land, buildings and equipment, net
beginning of year $69,523 · end of year $58,235
-
15 · Other assets
end of year $3,875
-
21 · Escrow or custodial account liability
end of year $2,500
-
24 · Unsecured notes and loans payable
beginning of year $22,755 · end of year $3,010
-
31 · Retained earnings, endowment or other funds
beginning of year $163,180 · end of year $152,447
Mission and programs · 2023
Mission
To improve the economic health of the North Memphis Communities through community, workforce and family development initiatives.
-
To help our neighbors establish and maintain a certain quality of life. To bring revitalization and economic
Expenses $183,579 · Revenue $15,719
-
Preservation of homes in the neighborhood
Expenses $114,328 · Revenue $362,911
As filed on the 2023 return.
Listed in Part VII
-
Quincey Morris
Executive Director
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Willie Mae Brooks
Financial Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Mary Brooks
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Dr Walter J Green
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Willie Griffin Jr
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Vanessa Holloway
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Felicia Mitchell
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Dr Andre' Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Betty Jones
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Mary Wainwright
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Ruby Watkins
Board Member
- Total calculated
- $0
- Hours/week
- 5
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
- 6 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412999349300041
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