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← SOUTHWEST ECONOMIC SOLUTIONS

Form 990 for tax year 2024

Filed by SOUTHWEST ECONOMIC SOLUTIONS.

Totals

Total revenue
$4,527,382
Total expenses
$4,472,462
Contributions and grants received
$4,494,888
Grants paid
$0
Program services expenses (Part IX)
$4,371,221
Management and general expenses
$101,241
Fundraising expenses
$0
Program service expenses (Part III)
$4,371,221

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SEAN DE FOUR

    PRESIDENT & CEO

    Total calculated
    $312,000
    From this org
    $0
    From related orgs
    $271,468
    Other
    $40,532
    Hours/week
    3.75 + 33.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,919 related
    Bonus
    $0 + $17,739 related
    Other
    $0 + $810 related
    Deferred
    $0 + $4,678 related
    Nontaxable benefits
    $0 + $35,854 related
    Filer's total
    $0 + $312,000 related

  • MICHELLE R SHERMAN

    COO & CFO

    Total calculated
    $258,024
    From this org
    $0
    From related orgs
    $232,341
    Other
    $25,683
    Hours/week
    1.88 + 35.63 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,019 related
    Bonus
    $0
    Other
    $0 + $2,322 related
    Deferred
    $0 + $6,685 related
    Nontaxable benefits
    $0 + $18,998 related
    Filer's total
    $0 + $258,024 related

  • HECTOR HERNANDEZ

    EXECUTIVE DIRECTOR - MIWEALTH

    Total calculated
    $199,892
    From this org
    $168,600
    From related orgs
    $0
    Other
    $31,292
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $166,216
    Bonus
    $0
    Other
    $2,384
    Deferred
    $4,657
    Nontaxable benefits
    $26,635
    Filer's total
    $199,892

  • ROSEMARIE PACZKOWSKI

    CONTROLLER

    Total calculated
    $134,852
    From this org
    $116,967
    From related orgs
    $0
    Other
    $17,885
    Hours/week
    37.5

  • STEPHAN VIVITSKY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • CLAIRE LIENING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • ANGELA BALDWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • ERIC DORSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • MICHAEL WENDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • NAHEED HUQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • PATRICK BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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 — 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO AND EXECUTIVE DIRECTOR WAS ESTABLISHED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. D/B/A MISIDE COMMUNITY IMPACT NETWORK (FEIN: 38-2672000). THE ORGANIZATION UTILIZED THE FOLLOWING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202642299349302554

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