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← SOUTHWEST ECONOMIC SOLUTIONS

Form 990 for tax year 2022

Filed by SOUTHWEST ECONOMIC SOLUTIONS.

Totals

Total revenue
$2,916,697
Total expenses
$3,179,339
Contributions and grants received
$2,876,509
Grants paid
$0
Program service revenue
$34,734
Investment income
$4,436
Other revenue
$1,018
Total assets, end of year
$1,904,747
Total liabilities, end of year
$391,411
Net assets or fund balances, end of year
$1,513,336
Program services expenses (Part IX)
$3,087,709
Management and general expenses
$91,630
Fundraising expenses
$0
Program service expenses (Part III)
$3,087,709

Program services were 97.1% 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.

  • 1a · Federated campaigns

    $110,000

  • 1d · Related organizations

    $109,450

  • 1e · Government grants (contributions)

    $1,646,797

  • 1f · All other contributions, gifts and grants

    $1,010,262

  • 2a · Program service revenue: FORECLOSURE MITIGATION

    total $34,734 · related or exempt $34,734

  • 3 · Investment income

    total $4,436 · excluded $4,436

  • 11a · Other revenue: REIMBURSEMENTS

    total $1,018 · related or exempt $1,018

  • 11e · Other revenue, total

    $1,018

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $199,928 · program services $199,928

  • 7 · Other salaries and wages

    total $1,268,441 · program services $1,228,240 · management and general $40,201

  • 8 · Pension plan contributions

    total $22,412 · program services $22,412

  • 9 · Other employee benefits

    total $247,099 · program services $247,099

  • 10 · Payroll taxes

    total $102,916 · program services $102,916

  • 11a · Fees: management

    total $515,254 · program services $515,254

  • 11c · Fees: accounting

    total $3,407 · management and general $3,407

  • 11g · Fees: other

    total $219,000 · program services $219,000

  • 13 · Office expenses

    total $15,260 · program services $12,299 · management and general $2,961

  • 14 · Information technology

    total $17,903 · program services $17,744 · management and general $159

  • 16 · Occupancy

    total $304,457 · program services $296,933 · management and general $7,524

  • 19 · Conferences, conventions and meetings

    total $46,674 · program services $44,982 · management and general $1,692

  • 22 · Depreciation, depletion and amortization

    total $33,126 · program services $21,949 · management and general $11,177

  • 23 · Insurance

    total $7,368 · management and general $7,368

  • 24a · Other expenses: PROGRAM COSTS

    total $113,057 · program services $112,264 · management and general $793

  • 24b · Other expenses: FURNITURE/EQUIPMENT

    total $29,802 · program services $24,673 · management and general $5,129

  • 24e · All other expenses

    total $33,235 · program services $22,016 · management and general $11,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,113,314 · end of year $667,319

  • 4 · Accounts receivable

    beginning of year $621,645 · end of year $812,655

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

    $226,501

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

    $139,256

  • 10c · Land, buildings and equipment, net

    beginning of year $117,544 · end of year $87,245

  • 15 · Other assets

    beginning of year $418 · end of year $337,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,943 · end of year $108,188

  • 25 · Other liabilities

    beginning of year $0 · end of year $283,223

  • 27 · Net assets without donor restrictions

    beginning of year $923,230 · end of year $807,339

  • 28 · Net assets with donor restrictions

    beginning of year $852,748 · end of year $705,997

Mission and programs · 2022

Mission

SOUTHWEST ECONOMIC SOLUTIONS MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.

  • PROVIDE PRE AND POSTPURCHASE HOMEOWNERSHIP COUNSELING AND EDUCATION TO COMMUNITY RESIDENTS, 638/YEAR.WORKFORCE DEVELOPMENT PROGRAMMING (INTEGRATED EDUCATION AND TRAINING) INCLUDING EARN AND LEARN (154/YEAR), CAREER CENTER (341/YEAR) AND YOUTHBUILD (58/YEAR).ADULT BASIC EDUCATION INCLUDING GED, ESL AND ABE TO 592/YEAR.FINANCIAL COACHING (BUDGETING, CREDIT BUILDING EDUCATION, DEBT REDUCTION, SAVINGS) FOR ALL ENROLLED IN SWES PROGRAMS 525/YEAR..

    Expenses $3,087,709 · Revenue $35,752

As filed on the 2022 return.

Listed in Part VII

  • STEPHANIE MILLER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MARK LEZOTTE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • RON ROSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DAN SHARE

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ALBERT FIELDS

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ALEKSANDRA A MIZIOLEK

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ANGELA BALDWIN

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • AVEC O'BRIEN

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • CHRIS LEZOVICH

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DAVID KIEFER

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DORIS PATRICK

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DUANE M LEWIS

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ELAINE BUCKBERG

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JOSEPH M TASSE

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • LAURA APPEL

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MILTON MACK

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • NAHEED HUQ

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • NORMA HUIZAR

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • SHENISE FOOTE

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • STEVEN KOSUDA

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • VANESSA JOHNSON

    DIRECTOR (SWS)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MICHELLE R SHERMAN SWS

    COO & CFO

    Total calculated
    $291,192
    From this org
    $0
    From related orgs
    $268,463
    Other
    $22,729
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,416 related
    Bonus
    $0 + $11,500 related
    Other
    $0 + $18,547 related
    Deferred
    $0 + $6,401 related
    Nontaxable benefits
    $0 + $16,328 related
    Filer's total
    $0 + $291,192 related

  • SEAN DE FOUR SWS

    PRESIDENT&CEO

    Total calculated
    $279,840
    From this org
    $0
    From related orgs
    $245,664
    Other
    $34,176
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,006 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $11,658 related
    Deferred
    $0 + $2,330 related
    Nontaxable benefits
    $0 + $31,846 related
    Filer's total
    $0 + $279,840 related

  • HECTOR HERNANDEZ SWS

    EXECUTIVE DIRECTOR - ECONOMICS

    Total calculated
    $199,928
    From this org
    $173,511
    From related orgs
    $0
    Other
    $26,417
    Hours/week
    35.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $151,909
    Bonus
    $6,450
    Other
    $15,152
    Deferred
    $3,265
    Nontaxable benefits
    $23,152
    Filer's total
    $199,928

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

None.

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 WAS ESTABLISHED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. (FEIN: 38-2672000). THE ORGANIZATION UTILIZED THE FOLLOWING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, F0RM 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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412289349301446

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