South Boston Community Development Foundation Inc
- Assets
- $176.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, MA
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 11-3722992
Organization Overview
South Boston Community Development Foundation Inc is located in South Boston, MA. The organization was established in 2010. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Boston Community Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, South Boston Community Development Foundation Inc generated $80.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $221.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, South Boston Community Development Foundation Inc has awarded 46 individual grants totaling $575,319. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SUPPORTS AFTER SCHOOL PROGRAMS, READING AND WRITING PROGRAMS, GEDPREPARATION PROGRAMS, ATHLETIC LEAGUES, ART PROGRAMS, AND HOUSING PROGRAMS IN SOUTH BOSTON, MA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nagle President | 2 | $0 | |
William Higgins Jr Treasurer | 2 | $0 | |
Robert Ryan Secretary | 2 | $0 | |
Daniel Manning Director | 2 | $0 | |
Andrea Flaherty Director | 2 | $0 | |
William Mcdonough Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,834 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $537 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,806 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $364 |
| Other expenses | $19 |
| Total expenses | $221,739 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176,030 |
| Other assets | $0 |
| Total assets | $176,030 |
| Total liabilities | $5,950 |
| Net assets or fund balances | $170,080 |
Grants Awarded
Over the last fiscal year, South Boston Community Development Foundation Inc has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KELLY LAW PLLC PURPOSE: DISTRIBUTE MASKS AND SANITIZER TO ELDERLY AND UNDERPRIVILEGED DURING THE PANDEMIC | $10,000 |
HARRY MCDONOUGH SALING CENTER PURPOSE: RECREATIONAL ACTIVITIES | $21,000 |