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Nonprofiteer
← SOUTH ROME REDEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SOUTH ROME REDEVELOPMENT CORPORATION.

Totals

Total revenue
$357,003
Total expenses
$145,380
Contributions and grants received
$27,852
Grants paid
$100,000
Program service revenue
$321,577
Investment income
$10,744
Other revenue
-$3,170
Total assets, end of year
$794,190
Total liabilities, end of year
$64
Net assets or fund balances, end of year
$794,126
Program services expenses (Part IX)
$119,473
Management and general expenses
$23,913
Fundraising expenses
$1,994
Program service expenses (Part III)
$119,473

Program services were 82.2% 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.

  • 1f · All other contributions, gifts and grants

    $27,852

  • 2a · Program service revenue: TUITION AND FEES

    total $260,077 · related or exempt $260,077

  • 2b · Program service revenue: DEVELOPMENT FEES

    total $61,500 · related or exempt $61,500

  • 3 · Investment income

    total $10,744 · excluded $10,744

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $3,170

  • 8c · Net income from fundraising events

    total -$3,170 · excluded -$3,170

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11a · Fees: management

    total $8,800 · management and general $8,800

  • 11b · Fees: legal

    total $2,500 · program services $2,500

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 13 · Office expenses

    total $143 · management and general $143

  • 16 · Occupancy

    total $4,600 · management and general $4,600

  • 23 · Insurance

    total $2,135 · management and general $2,135

  • 24a · Other expenses: TUTORING

    total $12,500 · program services $12,500

  • 24b · Other expenses: COMMUNITY PROGRAMS

    total $2,000 · program services $2,000

  • 24c · Other expenses: MATERIALS AND PROMOTION

    total $1,994 · fundraising $1,994

  • 24d · Other expenses: UTILITIES

    total $1,837 · program services $411 · management and general $1,426

  • 24e · All other expenses

    total $2,871 · program services $2,062 · management and general $809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $540,164 · end of year $751,787

  • 3 · Pledges and grants receivable

    beginning of year $155 · end of year $155

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

    $50,344

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

    $8,256

  • 10c · Land, buildings and equipment, net

    beginning of year $42,088 · end of year $42,088

  • 15 · Other assets

    beginning of year $160 · end of year $160

  • 25 · Other liabilities

    beginning of year $64 · end of year $64

  • 27 · Net assets without donor restrictions

    beginning of year $582,503 · end of year $794,126

Mission and programs · 2023

Mission

REVITALIZATION AND SUPPORT OF THE SOUTH BROAD STREET AREA OF ROME, GA

Activities or mission (Part I)

REDEVELOPMENT OF THE SOUTH BROAD STREET AREA OF ROME, GA

  • REVITALIZATION OF THE DISTRESSED AREAS OF SOUTH BROAD STREET IN ROME, GA.

    Expenses $106,711 · Grants $100,000 · Revenue $61,500

  • THE SOUTH ROME EARLY LEARNING CENTER PREPARES CHILDREN SOCIALLY, EMOTIONALLY, COGNITIVELY, AND CREATIVELY WITH EMPHASIS ON BUILDING STRONG LANGUAGE AND MOTOR DEVELOPMENT SKILLS.

    Expenses $12,762 · Revenue $260,077

As filed on the 2023 return.

Listed in Part VII

  • David Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Luttrell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Peer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Preston

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie McClanahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bobby Jones

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • William Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jackie Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Melvon Ingram

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

  • THE COMMUNITY FOUNDATION OF GREATER ROME

    $100,000

    COMMUNITY PROGRAMS

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 corporations and trusts

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

  • SRRC SOUTH ROME II GP LLC

    C · REAL ESTATE · GA · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403209349309890

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