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Nonprofiteer
← SOUTHERN PARTNERS FUND INC

Form 990 for tax year 2022

Filed by SOUTHERN PARTNERS FUND INC.

Totals

Total revenue
$2,134,554
Total expenses
$3,290,615
Contributions and grants received
$1,689,128
Grants paid
$1,816,411
Program service revenue
$0
Investment income
$445,426
Other revenue
$0
Total assets, end of year
$20,097,875
Total liabilities, end of year
$432,892
Net assets or fund balances, end of year
$19,664,983
Program services expenses (Part IX)
$2,618,814
Management and general expenses
$346,128
Fundraising expenses
$325,673
Program service expenses (Part III)
$2,618,814

Program services were 79.6% 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

    $1,689,128

  • 3 · Investment income

    total $421,540 · excluded $421,540

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $6,513,021

  • 7b · Less cost or other basis and sales expenses

    securities $6,489,135

  • 7c · Gain or loss

    securities $23,886

  • 7d · Net gain or loss

    total $23,886 · excluded $23,886

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,668,911 · program services $1,668,911

  • 2 · Grants to domestic individuals

    total $147,500 · program services $147,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $268,273 · program services $132,389 · management and general $55,946 · fundraising $79,938

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $326,815 · program services $161,279 · management and general $68,154 · fundraising $97,382

  • 8 · Pension plan contributions

    total $11,206 · program services $6,241 · management and general $2,171 · fundraising $2,794

  • 9 · Other employee benefits

    total $147,435 · program services $79,634 · management and general $29,138 · fundraising $38,663

  • 10 · Payroll taxes

    total $43,769 · program services $23,197 · management and general $8,754 · fundraising $11,818

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $39,966 · program services $21,181 · management and general $7,993 · fundraising $10,792

  • 11c · Fees: accounting

    total $15,750 · program services $8,348 · management and general $3,150 · fundraising $4,252

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $111,808 · management and general $111,808

  • 11g · Fees: other

    total $5,032 · program services $2,668 · management and general $1,006 · fundraising $1,358

  • 12 · Advertising and promotion

    total $141 · program services $28 · management and general $7 · fundraising $106

  • 13 · Office expenses

    total $7,754 · program services $4,109 · management and general $1,551 · fundraising $2,094

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $53,502 · program services $28,356 · management and general $10,700 · fundraising $14,446

  • 17 · Travel

    total $13,424 · program services $7,115 · management and general $2,685 · fundraising $3,624

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,019 · program services $3,720 · management and general $1,404 · fundraising $1,895

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,968 · program services $4,753 · management and general $1,794 · fundraising $2,421

  • 23 · Insurance

    total $9,985 · program services $5,292 · management and general $1,997 · fundraising $2,696

  • 24a · Other expenses: BOARD & COMMITTEE DEVELOPMENT

    total $133,197 · program services $133,197

  • 24b · Other expenses: CONTRACT LABOR

    total $125,083 · program services $66,294 · management and general $25,017 · fundraising $33,772

  • 24c · Other expenses: PROGRAM DEVELOPMENT

    total $64,932 · program services $64,932

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $17,020 · program services $9,021 · management and general $3,404 · fundraising $4,595

  • 24e · All other expenses

    total $63,125 · program services $40,649 · management and general $9,449 · fundraising $13,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,968,553 · end of year $2,531,619

  • 2 · Savings and temporary cash investments

    beginning of year $2,408,244 · end of year $1,370,849

  • 3 · Pledges and grants receivable

    beginning of year $578,670 · end of year $190,216

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,771 · end of year $21,591

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

    $115,930

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

    $97,984

  • 10c · Land, buildings and equipment, net

    beginning of year $19,655 · end of year $17,946

  • 11 · Investments: publicly traded securities

    beginning of year $18,847,589 · end of year $15,828,307

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $3,779 · end of year $137,347

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,637 · end of year $60,659

  • 18 · Grants payable

    beginning of year $80,000 · end of year $172,500

  • 19 · Deferred revenue

    beginning of year $28,298

  • 25 · Other liabilities

    beginning of year $34,414 · end of year $199,733

  • 27 · Net assets without donor restrictions

    beginning of year $14,999,707 · end of year $12,395,274

  • 28 · Net assets with donor restrictions

    beginning of year $8,703,205 · end of year $7,269,709

Mission and programs · 2022

Mission

SOUTHERN PARTNERS FUND IS A FOUNDATION CREATED TO SERVE SOUTHERN COMMUNITIES AND ORGANIZATIONS SEEKING SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE BY PROVIDING THEM WITH FINANCIAL RESOURCES, TECHNICAL ASSISTANCE AND TRAINING, AND ACCESS TO SYSTEMS OF INFORMATION AND EMPOWERMENT.

Activities or mission (Part I)

SOUTHERN PARTNERS FUND IS A FOUNDATION CREATED TO Support grassroots community organizations in the rural South seeking racial, economic and environmental justiceby providing financial resources, technical assistance, training and access to systems of information and power.

  • IN 2022, SOUTHERN PARTNERS FUND AWARDED $1,816,411 GRANTS TO 77 NON-PROFIT ORGANIZATIONS LOCATED IN OUR 12 STATE FUNDING REGION.

    Expenses $1,816,411 · Grants $1,816,411

  • RAISING RESOURCES IN THE RURAL SOUTH: SOUTHERN PARTNERS FUND SUCCESSFULLY PROVIDED CAPACITY BUILDING TRAINING TO ORGANIZATIONS LOCATED WITHIN OUR 12 STATE FUNDING REGION. THE FOCUS OF THIS INITIATIVE WAS TO INCREASE GRASSROOTS ORGANIZATIONS ABILITY TO RAISE FUNDS USING INNOVATIVE STRATEGIES SUCH AS CROWD FUNDING AND INCREASED SOCIAL MEDIA ACCESS.

    Expenses $510,385

  • SPF launched the Social Justice Institute (SJI) as a leadership development and capacity building program to enhance the sustainability of grantee groups and other grassroots organizations committed to social justice in the South. SJIs framework incorporates grantmaking, organizational development, youth leadership development, culture and the arts. SJI promotes knowledge building, best practices in organizational management, and collective understanding of current and historic human rights issues in the South. SJI has several components:- Peer-to-peer coaching and networking- Executive coaching- One-on-one organizational assessments- Consulting for select community-based organizations- Regional workshops across the Southeast- Two-day experiential trainings twice per yearA significant branch of SJI is The Young Leaders for Social Change (YLSC) Fellowship that sustains the racial and economic justice movement that requires the continued support and cultivation of our future leaders. YLSC was designed to help individuals aged 18-to-35 to become more grounded and effective leaders. This program is an opportunity for these individuals to enhance their leadership skills, learn new skills, and apply said skills in their respective communities.

    Expenses $288,183

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

Listed in Part VII

  • Fernando Cuevas Jr

    Executive Dir.

    Total calculated
    $200,673
    From this org
    $147,000
    From related orgs
    $0
    Other
    $53,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,268
    Nontaxable benefits
    $45,405
    Filer's total
    $200,673

  • Rose Johnson

    FORMER CHAIR

    Total calculated
    $30,350
    From this org
    $30,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Tirso Moreno

    BOARD MEMBER

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Carolyn Ford

    Treasurer

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Karen Watson

    CHAIR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Gardenia White

    VICE CHAIR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Margarita Romo

    Secretary

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Brett Bursey

    BOARD MEMBER

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

  • 1a · Travel for companions
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

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 1a: Relevant information in regards to selections on 1a.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 December 2023
IRS schema version
2022v5.0
Source object
202333469349300543

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