Southern Partners Fund Inc
- Assets
- $23.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 58-2409301
Organization Overview
Southern Partners Fund Inc is located in Atlanta, GA. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Southern Partners Fund Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Partners Fund 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 12/2021, Southern Partners Fund Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Southern Partners Fund Inc has awarded 109 individual grants totaling $2,353,300. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHERN PARTNERS FUND IS A FOUNDATION CREATED TO SUPPORT SOUTHERN GRASSROOTS COMMUNITY ORGANIZATIONS SEEKING RACIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE BY PROVIDING THEM WITH FINANCIAL RESOURCES, TECHNICAL ASST. & TRAINING, AND ACCESS TO SYSTEMS OF INFORMATION & EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, SOUTHERN PARTNERS FUND AWARDED $1,774,793 GRANTS TO 77 NON-PROFIT ORGANIZATIONS LOCATED IN OUR 12 STATE FUNDING REGION.
FOLLOWING SPFS PRINCIPALS OF DEMOCRATIC PHILANTHROPY, THE SOCIAL JUSTICE INSTITUTE (SJI) WAS CREATED TO PROVIDE CAPACITY AND LEADERSHIP DEVELOPMENT TO ENHANCE THE SUSTAINABILITY OF SPFS GRANTEE PARTNERS AND OTHER GRASSROOTS ORGANIZATIONS COMMITTED TO UNDER RESOURCED INDIVIDUALS AND COMMUNITIES IN THE RURAL SOUTH. THE PROGRAMS AND INFORMATION OFFERED BY SJI ARE DESIGNED TO PROMOTE KNOWLEDGE BUILDING, BEST PRACTICES IN ORGANIZATIONAL MANAGEMENT, AND INCREASE COLLECTIVE UNDERSTANDING OF PAST AND PRESENT CIVIL AND HUMAN RIGHTS ISSUES IN THE SOUTH. THESE ORGANIZATIONS SERVE AN IMPORTANT ROLE IN ADDRESSING THE NEEDS OF CHILDREN, YOUTH, AND FAMILIES IN RURAL COMMUNITIES TO IMPROVE THEIR CONDITIONS AND CREATE A LEGACY FOR FUTURE GENERATIONS. SPFS 2020/2021 CENSUS GRANTMAKING FOCUSED ON INTEGRATING CENSUS WORK INTO THE WORK ORGANIZATIONS WERE ALREADY DOING UNDER THE MAJOR PROGRAM AREAS SPF ADOPTED IN 2013. IN AN EFFORT TO CONTINUE THE WORK OUR GRANTEE PARTNERS HAD CARRIED OUT IN INCREASING CENSUS PARTICIPATION, SPF SHIFTED GRANTMAKING FOR 2021 TOWARDS REDISTRICTING EFFORTS IN TANDEM WITH AGGRESSIVE COVID-19 RELIEF FUNDING. AS SUCH, CURRENT SJI WORK CONCENTRATES ON PROVIDING THIS SUPPORT TO RURAL GRANTEES FOCUSED ON SPFS LEAD INITIATIVE REDISTRICTING ORGANIZING ALONG WITH SPFS MAJOR PROGRAM AREAS OF VOTER RIGHTS AND ENGAGEMENT, IMMIGRATION RIGHTS AND EDUCATION REFORM. OVER THE PAST 20 YEARS, SPF HAS INVESTED OVER $18.8 MILLION IN RURAL COUNTIES ACROSS THE SOUTHEASTERN UNITED STATES, WHICH INCLUDES ALABAMA, ARKANSAS, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA, MISSISSIPPI, NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE, VIRGINIA, AND WEST VIRGINIA.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Cuevas Jr Executive Dir. | Officer | 40 | $143,229 |
Carolyn Ford Treasurer | OfficerTrustee | 10 | $1,500 |
John Littles Chairman | OfficerTrustee | 10 | $1,250 |
Gardenia White Vice Chair | OfficerTrustee | 10 | $1,250 |
Tirso Moreno Director | Trustee | 10 | $1,250 |
Karen Watson Director | Trustee | 10 | $1,250 |
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 | $2,453,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,453,343 |
| Total Program Service Revenue | $0 |
| Investment income | $369,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,037,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,774,793 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,010 |
| Compensation of current officers, directors, key employees. | $53,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,681 |
| Pension plan accruals and contributions | $8,851 |
| Other employee benefits | $168,256 |
| Payroll taxes | $40,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $490 |
| Fees for services: Accounting | $13,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,968 |
| Fees for services: Other | $4,581 |
| Advertising and promotion | $1,239 |
| Office expenses | $4,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,968 |
| Travel | $6,376 |
| 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 | $11,629 |
| Insurance | $8,886 |
| All other expenses | $26,684 |
| Total functional expenses | $3,146,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,968,553 |
| Savings and temporary cash investments | $2,408,244 |
| Pledges and grants receivable | $578,670 |
| 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 | $25,771 |
| Net Land, buildings, and equipment | $19,655 |
| Investments—publicly traded securities | $18,847,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,779 |
| Total assets | $23,852,261 |
| Accounts payable and accrued expenses | $6,637 |
| Grants payable | $80,000 |
| Deferred revenue | $28,298 |
| 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 | $34,414 |
| Total liabilities | $149,349 |
| Net assets without donor restrictions | $14,999,707 |
| Net assets with donor restrictions | $8,703,205 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,852,261 |
Grants Awarded
Over the last fiscal year, Southern Partners Fund Inc has awarded $1,638,500 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, GA PURPOSE: Social,Economic & Environm Justice | $110,000 |
Dade City, FL PURPOSE: Social,Economic & Environm Justice | $75,000 |
Columbia, SC PURPOSE: Social,Economic & Environm Justice | $69,000 |
FAIR HOUSING AGENCY OF ALABAM PURPOSE: Social,Economic & Environm Justice | $68,500 |
Durant, MS PURPOSE: Social,Economic & Environm Justice | $65,000 |
Fayetteville, AR PURPOSE: Social,Economic & Environm Justice | $57,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Southern Partners Fund Inc has recieved totaling $982,000.
| Awarding Organization | Amount |
|---|---|
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC PURPOSE: GENERAL OPERATING/REGRANTING | $450,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $200,000 |
William Josef Foundation Inc Atlanta, GA PURPOSE: UNRESTRICTED OPERATIONS | $150,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $77,000 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $75,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
| Beg. Balance | $6,230,341 |
| Ending Balance | $6,230,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Kids Wish Network Inc Palm Harbor, FL | $3,451,102 | $12,542,226 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Tlc Operations Inc Raleigh, NC | $1,673,295 | $10,446,064 |
Tampa Hillsborough Homeless Initiative Tampa, FL | $4,250,151 | $9,737,223 |
Marion Senior Services Inc Ocala, FL | $7,181,619 | $7,456,492 |
Catholic Charities Of The Diocese Of Memphis Inc Memphis, TN | $2,024,003 | $6,994,059 |
Northwest Tennessee Human Resource Agency Martin, TN | $9,574,650 | $6,316,395 |