Southern Partners Fund Inc
- Assets
- $20.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 10/1998
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Southern Partners Fund Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 24.3% per year over the past 4 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 165 individual grants totaling $3,868,795. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, SOUTHERN PARTNERS FUND AWARDED $1,816,411 GRANTS TO 77 NON-PROFIT ORGANIZATIONS LOCATED IN OUR 12 STATE FUNDING REGION.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Cuevas Jr Executive Dir. | Officer | 40 | $147,000 |
Rose Johnson Former Chair | Trustee | 10 | $30,350 |
Tirso Moreno Board Member | Trustee | 10 | $7,000 |
Carolyn Ford Treasurer | OfficerTrustee | 10 | $6,750 |
Karen Watson Chair | OfficerTrustee | 10 | $6,750 |
Gardenia White Vice Chair | OfficerTrustee | 10 | $6,750 |
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 | $1,689,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,689,128 |
| Total Program Service Revenue | $0 |
| Investment income | $421,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,134,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,668,911 |
| Grants and other assistance to domestic individuals. | $147,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $268,273 |
| Compensation of current officers, directors, key employees. | $55,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $326,815 |
| Pension plan accruals and contributions | $11,206 |
| Other employee benefits | $147,435 |
| Payroll taxes | $43,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,966 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,808 |
| Fees for services: Other | $5,032 |
| Advertising and promotion | $141 |
| Office expenses | $7,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,502 |
| Travel | $13,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,019 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,968 |
| Insurance | $9,985 |
| All other expenses | $63,125 |
| Total functional expenses | $3,290,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,531,619 |
| Savings and temporary cash investments | $1,370,849 |
| Pledges and grants receivable | $190,216 |
| 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 | $21,591 |
| Net Land, buildings, and equipment | $17,946 |
| Investments—publicly traded securities | $15,828,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,347 |
| Total assets | $20,097,875 |
| Accounts payable and accrued expenses | $60,659 |
| Grants payable | $172,500 |
| 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 | $199,733 |
| Total liabilities | $432,892 |
| Net assets without donor restrictions | $12,395,274 |
| Net assets with donor restrictions | $7,269,709 |
| 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 | $20,097,875 |
Grants Awarded
Over the last fiscal year, Southern Partners Fund Inc has awarded $1,515,495 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
A PHILIP RANDOLPH EDUCATIONA PURPOSE: Social,Economic & Environm Justice | $10,000 |
ALABAMA SUSTAINABLE AGRICULTU PURPOSE: Social,Economic & Environm Justice | $20,000 |
ALABAMA COALITION FOR IMMIGRA PURPOSE: Social,Economic & Environm Justice | $20,000 |
ALIANZA NACIONAL DE CAMPESINA PURPOSE: Social,Economic & Environm Justice | $25,000 |
BAY AREA WOMEN COALITION INC PURPOSE: Social,Economic & Environm Justice | $20,000 |
ARKANSAS UNITED PURPOSE: Social,Economic & Environm Justice | $57,555 |