Skip to content
Nonprofiteer
← SAFER CORPORATE ENDOWMENT

Form 990 for tax year 2022

Filed by SAFER CORPORATE ENDOWMENT.

Totals

Total revenue
$4,701,079
Total expenses
$2,763,183
Contributions and grants received
$2,161,869
Grants paid
$1,888,961
Program service revenue
$1,953,581
Investment income
$585,629
Other revenue
$0
Total assets, end of year
$13,950,211
Total liabilities, end of year
$2,579,995
Net assets or fund balances, end of year
$11,370,216
Program services expenses (Part IX)
$2,763,183
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,763,183

Program services were 100.0% 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.

  • 1d · Related organizations

    $1,800,000

  • 1e · Government grants (contributions)

    $361,869

  • 2a · Program service revenue: RENTAL INCOME

    total $1,953,581 · related or exempt $1,953,581

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $493,366 · excluded $493,366

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,725,968

  • 7b · Less cost or other basis and sales expenses

    securities $3,633,705

  • 7c · Gain or loss

    securities $92,263 · other assets $0

  • 7d · Net gain or loss

    total $92,263 · excluded $92,263

  • 11a · Other revenue: Other Income

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,888,961 · program services $1,888,961

  • 11b · Fees: legal

    total $13,897 · program services $13,897

  • 11f · Fees: investment management

    total $37,454 · program services $37,454

  • 11g · Fees: other

    total $156,735 · program services $156,735 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $15,466 · program services $15,466

  • 16 · Occupancy

    total $82,985 · program services $82,985

  • 20 · Interest

    total $171,583 · program services $171,583

  • 22 · Depreciation, depletion and amortization

    total $375,420 · program services $375,420

  • 24a · Other expenses: Repairs & Maintenence

    total $8,428 · program services $8,428

  • 24b · Other expenses: Bank Service Fees

    total $6,396 · program services $6,396

  • 24e · All other expenses

    total $5,858 · program services $5,858 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $951,885 · end of year $1,239,613

  • 4 · Accounts receivable

    beginning of year $405,103 · end of year $440,805

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $14,791,214

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

    $8,789,368

  • 10c · Land, buildings and equipment, net

    beginning of year $5,749,221 · end of year $6,001,846

  • 11 · Investments: publicly traded securities

    beginning of year $6,080,213 · end of year $4,085,744

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,589,303 · end of year $2,182,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,963 · end of year $12,860

  • 18 · Grants payable

    beginning of year $361,869 · end of year $198,280

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $2,420,275 · end of year $2,047,183

  • 25 · Other liabilities

    beginning of year $2,168,652 · end of year $321,672

  • 27 · Net assets without donor restrictions

    beginning of year $9,531,977 · end of year $11,122,749

  • 28 · Net assets with donor restrictions

    beginning of year $244,989 · end of year $247,467

Mission and programs · 2022

Mission

PROVIDE BUILDING SPACE AT MARKET RENTAL AND OTHER SUPPORT FOR THE SAFER FOUNDATION IN PROVIDING OPPORTUNITIES FOR INDIVIDUALS WITH ARREST AND CONVICTION RECORDS.

Activities or mission (Part I)

SUPPORT AND PROVIDE FACILITIES FOR SAFER FOUNDATION. PROVIDE OPPORTUNITIES FOR INDIVIDUALS WITH ARREST AND CONVICTION RECORDS.

  • TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE SAFER FOUNDATION, A TAX EXEMPT ORGANIZATION WHICH PROVIDES OPPORTUNITIES TO INDIVIDUALS WITH ARREST AND CONVICTION RECORDS TO BECOME PRODUCTIVE CITIZENS. SUPPORT INCLUDES PROVIDING FACILITIES USED BY SAFER FOUNDATION UNDER RENTAL AGREEMENTS, INVEST IN AND PROVIDE HOUSING UNITS FOR AFFORDABLE HOUSING TO SUPPORT SAFER FOUNDATION'S COMMUNITIES AND CLIENTS, AND GRANTS FOR SAFER PROGRAMS.

    Expenses $2,296,659 · Grants $1,888,961 · Revenue $1,445,537

  • TO PROVIDE SUPPORT TO THE 4905 S MICHGAN BUILDING. SUPPORT INCLUDES PROVIDING LOW COST/AFFORDABLE HOUSING TO INDIVIDUALS RECENTLY RELEASED FROM PRISON AND THOSE WHO HAVE A CRIMINAL BACKGROUND. SUPPORT INCLUDES PROVIDING FACILITIES TO PROVIDE HOUSING UNITS FOR AFFORDABLE HOUSING TO SUPPORT SAFER FOUNDATION'S COMMUNITIES AND CLIENTS.

    Expenses $344,992 · Revenue $350,965

  • TO PROVIDE SUPPORT TO THE 8000 S PAXTON BUILDING. SUPPORT INCLUDES PROVIDING LOW COST/ AFFORDABLE HOUSING TO INDIVIDUALS RECENTLY RELEASED FROM PRISON AND THOSE WHO HAVE A CRIMINAL BACKGROUND. SUPPORT INCLUDES PROVIDING FACILITIES TO PROVIDE HOUSING UNITS FOR AFFORDABLE HOUSING TO SUPPORT SAFER FOUNDATION'S COMMUNITIES AND CLIENTS.

    Expenses $121,532 · Revenue $157,079

As filed on the 2022 return.

Listed in Part VII

  • ALLEN KANTER

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • DON GOENS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • ETHAN ERENBERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • B DIANE WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN LEVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH URBAN

    CFO-LEFT 10/28/22

    Total calculated
    $255,032
    From this org
    $0
    From related orgs
    $211,010
    Other
    $44,022
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,010 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,401 related
    Nontaxable benefits
    $0 + $28,621 related
    Filer's total
    $0 + $255,032 related

  • MARK YATES

    INTERIM CFO

    Total calculated
    $250,511
    From this org
    $0
    From related orgs
    $204,947
    Other
    $45,564
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,947 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,445 related
    Nontaxable benefits
    $0 + $27,119 related
    Filer's total
    $0 + $250,511 related

  • VICTOR DICKSON

    EXECUTIVE DIRECTOR

    Total calculated
    $377,141
    From this org
    $0
    From related orgs
    $313,574
    Other
    $63,567
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,574 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0 + $31,252 related
    Nontaxable benefits
    $0 + $32,315 related
    Filer's total
    $0 + $377,141 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE EXECUTIVE COMMITTEE OF THE BOARD of SAFER FOUNDATION DETERMINES THE ANNUAL BONUS FOR THE PRESIDENT/CEO. ALL OTHER BONUSES ARE BASED ON ANNUAL PERFORMANCE EVALUATIONS AND THE COMPENSATION PLAN IS APPROVED IN THE ANNUAL FISCAL BUDGET.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Joseph Urban left 10/28/2022 and received a severance of $21,904.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SAFER ADOPTED A NONQUALIFIED DEFINED CONTRIBUTION DEFERRED COMPENSATION PLAN FOR HIGHLY COMPENSATED EMPLOYEES. THIS PLAN PROVIDES BENEFITS FOR THOSE EMPLOYEES PRECLUDED FROM RECEIVING FULL BENEFITS IN THE PLAN DESCRIBED ABOVE. EMPLOYEES MAY MAKE TAX-DEFERRED CONTRIBUTIONS IN EXCESS OF QUALIFIED RETIREMENT PLAN LIMITS. THE FOUNDATION CONTRIBUTES 3% TO 6% OF COMPENSATION FOR ELIGIBLE EMPLOYEES, BASED UPON THE EMPLOYEE'S CONTRIBUTION. SAFER CONTRIBUTED TO THE FOLLOWING EMPLOYEES: $18,569 FOR VICTOR DICKSON, $10,945 FOR JOSEPH URBAN, AND $12,296 FOR MARK YATES.
Schedule J, Part I, Line 7 Non-fixed payments
THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE ANNUAL BONUS FOR THE PRESIDENT/CEO. ALL OTHER BONUSES ARE BASED ON ANNUAL PERFORMANCE EVALUATIONS AND THE COMPENSATION PLAN IS APPROVED IN THE ANNUAL FISCAL BUDGET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349316769

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.