Form 990 for tax year 2023
Filed by SOUTHERN PINES LAND & HOUSING TRUST INC.
Totals
- Total revenue
- $555,318
- Total expenses
- $371,917
- Contributions and grants received
- $545,950
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,643
- Other revenue
- $5,725
- Total assets, end of year
- $1,008,724
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,008,724
- Program services expenses (Part IX)
- $27,253
- Management and general expenses
- $221,124
- Fundraising expenses
- $123,540
- Program service expenses (Part III)
- $27,253
Program services were 7.3% 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
$17,682
-
1f · All other contributions, gifts and grants
$528,268
-
3 · Investment income
total $3,643 · unrelated business $0 · excluded $3,643
-
6a · Gross rents
real property $5,725
-
6c · Rental income or loss
real property $5,725
-
6d · Net rental income or loss
total $5,725 · related or exempt $5,725
-
8a · Fundraising events: contributions included on line 1c
$17,682
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $55,000 · program services $0 · management and general $55,000 · fundraising $0
-
11a · Fees: management
total $9,754 · program services $0 · management and general $5,614 · fundraising $4,140
-
11c · Fees: accounting
total $2,655 · program services $0 · management and general $2,655 · fundraising $0
-
12 · Advertising and promotion
total $10,537 · program services $0 · management and general $0 · fundraising $10,537
-
13 · Office expenses
total $2,379 · program services $0 · management and general $2,379 · fundraising $0
-
14 · Information technology
total $2,097 · program services $0 · management and general $1,541 · fundraising $556
-
16 · Occupancy
total $53,553 · program services $0 · management and general $53,553 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $19,081 · program services $0 · management and general $19,081 · fundraising $0
-
23 · Insurance
total $13,046 · program services $0 · management and general $13,046 · fundraising $0
-
24a · Other expenses: CONSULTING FEES
total $7,250 · program services $0 · management and general $7,250 · fundraising $0
-
24b · Other expenses: PROJECT MANAGEMENT
total $2,750 · program services $0 · management and general $2,750 · fundraising $0
-
24c · Other expenses: COMMUNICATION & DEVELOPMENT
total $2,375 · program services $0 · management and general $2,375 · fundraising $0
-
24d · Other expenses: BUILDING MAINTENANCE
total $28,308 · program services $0 · management and general $28,308 · fundraising $0
-
24e · All other expenses
total $163,132 · program services $27,253 · management and general $27,572 · fundraising $108,307
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $136,317 · end of year $102,734
-
10a · Land, buildings and equipment: cost or other basis
$781,371
-
10b · Land, buildings and equipment: accumulated depreciation
$34,144
-
10c · Land, buildings and equipment, net
beginning of year $673,887 · end of year $747,227
-
11 · Investments: publicly traded securities
beginning of year $15,119 · end of year $158,763
-
27 · Net assets without donor restrictions
beginning of year $825,323 · end of year $1,008,724
Mission and programs · 2023
Mission
THE MISSION IS TO PRESERVE AND ENHANCE THE WEST SOUTHERN PINES COMMUNITYS SOCIAL AND ECONOMIC CONDITIONS THROUGH PROPERTY OWNERSHIP, EDUCATION, AND OPPORTUNITY.
-
FORMERLY THE PLAYGROUND OF THE CAMPUS OF THE SOUTHERN PINES PRIMARY SCHOOL, BLANCHIE CARTER PARK HAS BEEN ADDED TO THE TOWNS LIST OF PUBLIC PARKS. IN ORDER TO OPEN THE PARK TO THE PUBLIC, SPLHT HAD TO REPLACE THE AGING PLAYGROUND EQUIPMENT THAT WAS DEEMED UNSAFE FOR CHILDREN. IN 2023, ENOUTH FUNDS WERE RAISED AT OUR ANNUAL FUNDRAISER TO PURCHASE NEW EQUIPMENT FOR THE PLAYGROUND. WE INSTALLED THE EQUIPMENT LATE 2023, AND OFFICIALLY OPENED TO THE PUBLIC IN JULY 2024. THE EQUIPMENT WAS CAPITALIZED.
-
EDUCATIONAL PROGRAMS - THESE PROGRAMS WILL BRING INFORMATION TO THE WEST SOUTHERN PINES COMMUNITY THAT WILL ENHANCE THEIR LIVES FINANCIALLY, HISTORICALLY AND CULTURALLY. IN 2023, SPLHT BROUGHT A TRAVELING HISTORICAL EXHIBIT TO THE WSP CENTER CAMPUS.
Expenses $496
-
MUSEUM & CULTURAL PROGRAMS - SPLHT WILL OPEN THE FIRST, PROFESSIONALLY DEVELOPED AFRICAN AMERICAN MUSEUM IN MOORE COUNTY. IN 2023, SPLHT HIRED A CURATOR TO CREATE A PERMANENT EXHIBIT FOR THE MUSEUM. THE EXPENSES WERE RELATED TO THAT PROJECT.
Expenses $26,757
As filed on the 2023 return.
Listed in Part VII
-
Vincent GordonVINCENT GORDON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Asya WaldenASYA WALDEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Renee MoodyRENEE MOODY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Nora BowmanNORA BOWMAN
BOARD MEMBER
- Total calculated
- $13,300
- From this org
- $13,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Ariadne DegarrARIADNE DEGARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Oliver HinesOLIVER HINES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sherilla HortonSHERILLA HORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Latoya KyleLATOYA KYLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mary RoccaMARY ROCCA
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Bill RossBILL ROSS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Tangela UpchurchTANGELA UPCHURCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Eugene MasonEUGENE MASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Elise ZawatterriELISE ZAWATTERRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sandra DalesSANDRA DALES
EXECUTIVE DIRECTOR
- Total calculated
- $55,000
- From this org
- $55,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433519349300918
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