Saving Sweet Briar Inc
- Assets
- $337.4k
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2015
- EIN
- 47-3361420
Organization Overview
Saving Sweet Briar Inc is located in Richmond, VA. Saving Sweet Briar Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN LEGAL ACTION TO REVERSE THE DECISION TO CLOSE THE COLLEGE, TOGETHER WITH A FUNDRAISING CAMPAIGN TO SUPPORT THIS GOAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION WAS SUCCESSFUL WHEN ON JUNE 23, 2015, A SETTLEMENT WAS ENTERED BY COURT ORDER THAT USHERED IN NEW LEADERSHIP OF SWEET BRIAR COLLEGE AND PROVIDED THE NECESSARY FUNDING TO ENSURE THAT THE COLLEGE WOULD REMAIN OPEN UNDER THE TERMS OF THE SETTLEMENT AGREEMENT. IN 2015, A TOTAL OF $12,250,000 IN CASH WAS DELIVERED BY THE ORGANIZATION TO THE COLLEGE. AS PART OF THE SETTLEMENT AGREEMENT, THE ORGANIZATION AGREED TO DELIVER BY SEPTEMBER 2, 2015, $12 MILLION IN DONATIONS FOR THE ONGOING OPERATION OF THE COLLEGE. THE ORGANIZATION DELIVERED BY SEPTEMBER 2, 2015, $12.143 MILLION IN QUALIFIED DONATIONS AS DEFINED UNDER THE SETTLEMENT AGREEMENT, WHICH INCLUDED SOME $143,000 IN CONTRIBUTIONS DELIVERED DIRECTLY TO THE COLLEGE DURING THE RELEVANT PERIOD. THEREAFTER, THE ORGANIZATION DELIVERED AN ADDITIONAL $250,000 TO THE COLLEGE PRIOR TO YEAR'S END. THE ORGANIZATION DID NOT ENGAGE IN ANY FUNDRAISING IN 2016 AND HAS CEASED OPERATIONS. ALL REMAINING FUNDS WILL BE DELIVERED TO THE COLLEGE IN 2016 AFTER TAX FILINGS ARE COMPLETE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ann Soderquist Kramer Director | Trustee | 40 | $0 |
Sarah Clement Chair | OfficerTrustee | 40 | $0 |
Sally Mott Freeman Director | Trustee | 40 | $0 |
Christine Boulware Secretary | OfficerTrustee | 40 | $0 |
Tracy Stuart Director | Trustee | 40 | $0 |
Ellen O Pitera Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,685,120 |
| Noncash contributions included in lines 1a–1f | $2,554,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,685,120 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,685,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,916,322 |
| Fees for services: Accounting | $2,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,467 |
| Office expenses | $12,624 |
| Information technology | $25,703 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,347,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $337,356 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $337,356 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $337,356 |