Sdm Foundation Inc
- Assets
- $5.0m
- Revenue
- $286.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3817783
Organization Overview
Sdm Foundation Inc is located in Melrose, MA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sdm 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SDM FOUNDATION, INC PROVIDES LESSONS ON A WIDE RANGE OF DIGITAL LITERACY TOPICS, FOR INDIVIDUALS GROUPS AND SMALL BUSINESSES, BOTH IN PERSON AND REMOTELY. WE SERVE PEOPLE OF ALL AGES AND SKILL LEVELS, FROM SURROUNDING COMMUNITIES AND AT A DISTANCE. BECAUSE OUR SERVICES ARE FREE, WE ARE AVAILABLE TO PEOPLE OF ALL INCOME LEVELS. WE PATIENTLY HELP PEOPLE LEARN TO USE DEVICES, PROGRAMS, APPS, AND WEBSITES. OUR PROGRAMS ARE DESIGNED TO HELP PEOPLE GAIN THE SKILLS AND CONFIDENCE THEY NEED TO ENRICH THEIR LIVES USING DIGITAL DEVICES AND ONLINE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Thorp President/treasurer/director | 40 | $146,026 | |
Marianne Long Director | 1 | $0 | |
Sally Stubbs Clerk/director | 1 | $0 | |
Patricia Muxie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,323 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,651 |
| Capital Gain Net Income | $164,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,026 |
| Other employee salaries and wages | $174,775 |
| Pension plans, employee benefits | $9,915 |
| Interest | $0 |
| Taxes | $27,382 |
| Depreciation | $24,978 |
| Occupancy | $3,514 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,826 |
| Total operating and administrative expenses | $468,213 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $468,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,716 |
| Savings and temporary cash investments | $42,303 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,166,345 |
| Net Land, buildings, and equipment | $724,522 |
| Other assets | $0 |
| Total assets | $4,975,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $520,026 |
| Other liabilities | $0 |
| Total liabilities | $520,026 |