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Nonprofiteer
← SB INITIATIVE

Form 990 for tax year 2024

Filed by SB INITIATIVE.

Totals

Total revenue
$1,609,964
Total expenses
$1,605,003
Contributions and grants received
$2,618,238
Grants paid
$1,000,000
Program service revenue
$0
Investment income
$4,432
Other revenue
-$1,012,706
Total assets, end of year
$1,223,743
Total liabilities, end of year
$1,185,251
Net assets or fund balances, end of year
$38,492
Program services expenses (Part IX)
$1,000,000
Management and general expenses
$605,003
Fundraising expenses
$0
Program service expenses (Part III)
$1,000,000

Program services were 62.3% 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.

  • 1c · Fundraising events

    $1,736,559

  • 1f · All other contributions, gifts and grants

    $881,679

  • 1g · Noncash contributions included above

    $907,738

  • 3 · Investment income

    total $4,432 · excluded $4,432

  • 8a · Fundraising events: gross income

    $1,309,878

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

    $1,736,559

  • 8b · Fundraising events: direct expenses

    $2,322,584

  • 8c · Net income from fundraising events

    total -$1,012,706 · excluded -$1,012,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 11b · Fees: legal

    total $393,967 · management and general $393,967

  • 11c · Fees: accounting

    total $4,373 · management and general $4,373

  • 11g · Fees: other

    total $112,682 · management and general $112,682

  • 12 · Advertising and promotion

    total $15,700 · management and general $15,700

  • 13 · Office expenses

    total $5,655 · management and general $5,655

  • 20 · Interest

    total $13,645 · management and general $13,645

  • 23 · Insurance

    total $2,712 · management and general $2,712

  • 24a · Other expenses: BANK FEES

    total $29,696 · management and general $29,696

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,675 · management and general $18,675

  • 24c · Other expenses: MISCELLANEOUS

    total $7,898 · management and general $7,898

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,249 · end of year $1,182,843

  • 3 · Pledges and grants receivable

    end of year $24,300

  • 4 · Accounts receivable

    end of year $3,800

  • 9 · Prepaid expenses and deferred charges

    end of year $12,800

  • 15 · Other assets

    beginning of year $31,500 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,618 · end of year $10,251

  • 18 · Grants payable

    end of year $1,000,000

  • 19 · Deferred revenue

    beginning of year $10,600 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $175,000

  • 27 · Net assets without donor restrictions

    beginning of year $33,531 · end of year $38,492

Mission and programs · 2024

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE IRS CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AS DECIDED AND DETERMINED BY A MAJORITY VOTE OF THE THEN CURRENT EXECUTIVE COMMITTEE.

  • THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE IRS CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AS DECIDED AND DETERMINED BY A MAJORITY VOTE OF THE THEN CURRENT EXECUTIVE COMMITTEE.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KATHRYN BROWN

    PRESIDENT (CO-CHAIR)

    Total calculated
    $0
    Hours/week
    30

  • ELIZABETH NICHOLS

    PRESIDENT (CO-CHAIR)

    Total calculated
    $0
    Hours/week
    30

  • KATHLEEN ESTES

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • JULIE WALKER

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • BETH ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREL BUNTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARYN FRIST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PEGGY KINNARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIE MCCABE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SISSY WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE STADLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEAN BOTTORFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANA DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202611969349302456

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