Totals
- Total revenue
- -$4,709,142
- Total expenses
- $292,562
- Contributions and grants received
- $3,134,267
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$7,843,409
- Other revenue
- $0
- Total assets, end of year
- $2,784,468
- Total liabilities, end of year
- $4,781,339
- Net assets or fund balances, end of year
- -$1,996,871
- Program services expenses (Part IX)
- $234,095
- Management and general expenses
- $30,342
- Fundraising expenses
- $28,125
- Program service expenses (Part III)
- $234,095
Program services were 80.0% 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.
-
1e · Government grants (contributions)
$1,849,318
-
1f · All other contributions, gifts and grants
$1,284,949
-
3 · Investment income
total $10,829 · excluded $10,829
-
7a · Gross sales of assets other than inventory
other assets $1,350,000
-
7b · Less cost or other basis and sales expenses
other assets $9,204,238
-
7c · Gain or loss
other assets -$7,854,238
-
7d · Net gain or loss
total -$7,854,238 · excluded -$7,854,238
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $33,500 · program services $33,500
-
11b · Fees: legal
total $756 · management and general $756
-
11c · Fees: accounting
total $29,341 · management and general $29,341
-
11g · Fees: other
total $89,000 · program services $60,875 · fundraising $28,125
-
16 · Occupancy
total $46,538 · program services $46,538
-
20 · Interest
total $45,882 · program services $45,882
-
24a · Other expenses: PROPERTY TAXES
total $47,300 · program services $47,300
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $245 · management and general $245
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,143,283 · end of year $1,479,256
-
3 · Pledges and grants receivable
beginning of year $334,582
-
7 · Other notes and loans receivable
end of year $1,304,317
-
9 · Prepaid expenses and deferred charges
beginning of year $24,261 · end of year $895
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,734,259
-
17 · Accounts payable and accrued expenses
beginning of year $183,104 · end of year $2,087,379
-
23 · Secured mortgages and notes payable
beginning of year $651 · end of year $2,631,805
-
25 · Other liabilities
beginning of year $47,797 · end of year $62,155
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,004,833 · end of year -$1,996,871
Mission and programs · 2024
Mission
TO PROMOTE INDIVIDUAL AND COMMUNITY WELLNESS BY DEVELOPING SPACES AND PROJECTS IN UNDERSERVED COMMUNITIES WHERE LEVELS OF UNEMPLOYMENT AND POVERTY LIMIT OPPORTUNITIES, AND BY PROVIDING TRAINING, MENTORING, HOLISTIC-HEALTH PROGRAMS, AND COMMERCIAL OPPORTUNITIES THROUGH THESE SPACES AND PROJECTS TO INDIVIDUALS WHO ARE FROM, AND REPRESENTATIVE OF, THESE COMMUNITIES AND, CONSEQUENTLY, ARE OFTEN UNABLE TO OBTAIN SUCH SERVICES AND OPPORTUNITIES.
-
THE INITIATIVE FOCUSES ON THE DEVELOPMENT OF PROPERTIES IN COMMUNITIES WHERE HIGH UNEMPLOYMENT AND POVERTY LIMIT OPPORTUNITY, WITH THE GOAL OF REVITALIZING THESE AREAS THROUGH INCLUSIVE ECONOMIC GROWTH. IT PROVIDES TARGETED ASSISTANCE TO RACIAL-MINORITY AND LOW-INCOME INDIVIDUALS BY ENABLING THEM TO OWN OR OPERATE COMMERCIAL ENTERPRISES WITHIN THE NEWLY DEVELOPED PROPERTIES. IN DECEMBER 2024, THE ORGANIZATION SOLD THE AUX, AS INITIALLY PLANNED TO AUXILIARY CORD LLC, A COMMUNITY-OWNED ENTITY THAT WILL CARRY THE ORGANIZATION'S MISSION AND SERVE THE COMMUNITY. THE INITIATIVE PROMOTES THE EMOTIONAL, PHYSICAL, AND FINANCIAL WELL-BEING OF COMMUNITY MEMBERS THROUGH ACCESSIBLE, COMMUNITY-BASED TRAINING PROGRAMS DESIGNED TO BUILD SKILLS, RESILIENCE, AND LONG-TERM SUCCESS.
Expenses $234,095
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lori LaserLORI LASER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
John EasonJOHN EASON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Ramaa KrishnanRAMAA KRISHNAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Berenice SanchezBERENICE SANCHEZ
TREASURY
- Total calculated
- $9,000
- From this org
- $9,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Tiffini HolmesTIFFINI HOLMES
DIRECTOR AND CO-DEVELOPER
- Total calculated
- $44,500
- From this org
- $44,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
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.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
THE AUXILIARY CORD LLC
$9,204,238
Disposition · BUILDING · Dec 2, 2024 · LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533099349302628
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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