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Nonprofiteer
← SPONSOR 4 SUCCESS INC

Form 990 for tax year 2022

Filed by SPONSOR 4 SUCCESS INC.

Totals

Total revenue
$393,238
Total expenses
$359,285
Contributions and grants received
$345,910
Grants paid
$49,420
Program service revenue
$0
Investment income
$0
Other revenue
$47,328
Total assets, end of year
$709,463
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$709,463
Program services expenses (Part IX)
$328,608
Management and general expenses
$30,677
Fundraising expenses
$0
Program service expenses (Part III)
$328,608

Program services were 91.5% 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

    $345,910

  • 6a · Gross rents

    real property $47,328

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $47,328

  • 6d · Net rental income or loss

    total $47,328 · related or exempt $47,328

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $49,420 · program services $49,420

  • 11b · Fees: legal

    total $31,720 · program services $31,720

  • 11c · Fees: accounting

    total $2,238 · management and general $2,238

  • 11g · Fees: other

    total $1,087 · program services $1,087

  • 12 · Advertising and promotion

    total $5,259 · program services $5,259

  • 13 · Office expenses

    total $9,601 · program services $9,601

  • 16 · Occupancy

    total $28,439 · management and general $28,439

  • 17 · Travel

    total $39,619 · program services $39,619

  • 24a · Other expenses: PROGRAMS

    total $176,548 · program services $176,548

  • 24b · Other expenses: ONLINE SERVICES

    total $15,354 · program services $15,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,510 · end of year $709,463

  • 29 · Capital stock, trust principal or current funds

    beginning of year $675,510 · end of year $709,463

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

OUR VISION IS TO DEVELOP A GIVING NETWORK OF PROFESSIONAL BUSINESS AND CIVIC LEADERS COMMITTED TO LESSENING THE SOCIAL AND ECONOMIC DISPARITIES AFFECTING POOR AND UNDER-SERVED COMMUNITIES.

Activities or mission (Part I)

THE MISSION OF SPONSOR 4 SUCCESS INC. ("S4S") IS TO IMPROVE THE LIVING AND ECONOMIC CONDITIONS IN POOR AND UNDER-SERVED COMMUNITIES. S4S ACHIEVES ITS PURPOSE BY SPONSORING (I) THE CHILDREN AND YOUNG ADULTS OF FINANCIALLY CHALLENGED PARENTS AND HELPING THEM TO DEFER THE COST OF EDUCATIONAL, ATHLETIC AND VOCATIONAL PROGRAMS, (II) DISADVANTAGED SENIOR CITIZENS' COST OF MINOR HOME REPAIRS, AND (III) THE PROGRAMS OF SCHOOLS, CHURCHES, AND OTHER NONPROFIT ORGANIZATIONS AND MORE.

  • BEECHER TERRACE REDEVELOPMENT - THIS PROGRAM IS TO ASSIST IN SPONSORING THE DEVELOPMENT OF A RETAIL CENTER THAT WILL BRING A GROCERY STORE AND PHARMACY TO THE RUSSELL NEIGHBORHOOD, AN UNDERSERVED COMMUNITY.

    Expenses $31,720

  • AFFORDABLE RENTAL PROGRAM - THIS PROGRAM IS TO PURCHASE ABANDONED HOUSES, REHAB THEM, AND PLACE THEM ON THE MARKET AT AFFORDABLE RATES BELOW MARKET VALUE.

    Expenses $176,548

  • THE JOE HAMMOND PROJECT - THIS PROGRAM PRESERVES THE LEGACIES OF NEIGHBORHOOD HEREOS BY TELLING THEIR STORIES THROUGH DOCUMENTARIES WHICH UNCOVER THE RICH HISTORY OF AFRICAN AMERICAN CULTURE.

    Expenses $70,920

  • SCHOLARSHIPS

    Expenses $49,420 · Grants $49,420

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VREELAND WILLIAM MOSBY

    PRESIDENT, CHAIRMAN

    Total calculated
    $0
    Hours/week
    100
  • BETHANY CLARKSON MORGAN

    VICE CHAIR, SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • MUSA FURR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • HEATHER EMMICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • JAMIE FISHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • LLOYD LAMAR YOUNG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    30
  • REV NERRICK JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • LATOYIA LACKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • MELISSA RODEN-MAYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • SHAWN MUCKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • LAUREN MUIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349311700

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