Sisterhood For Good Inc
- Assets
- $164.5k
- Revenue
- $160.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood Ranch, FL
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 83-2044782
Organization Overview
Sisterhood For Good Inc is located in Lakewood Ranch, FL. The organization was established in 2018. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sisterhood For Good 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, Sisterhood For Good Inc generated $160.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $87.3k during the year ending 12/2022. While expenses have increased by 21.8% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDED 25 GRANTS TO 25 SEPARATE CHARITIES THAT FIT THE CRITERIA OF THE PRIMARY PURPOSE OF SISTERHOOD FOR GOOD INC. THESE GRANTS RANGED IN AMOUNTS FROM 1,250 TO 5,000
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL PROGRAM IS FUNDED BY MONIES GENERATED FROM THE ORGANIZATIONS ALL VOLUNTEER MEMBER DUES AND NET PROCEEDS FROM TWO EVENTS HELD EACH FISCAL YEAR. EXPENSES DERIVE FROM THE COMBINED COST OF FOOD, DECOR AND MINIMAL ADVERTISING OF THE EVENT. THE ORGANIATION IS ADEPT AT REQUESTING THE UNDERWRITING OF MOST OF THE EXPENSES IN ORDER TO KEEP COSTS TO A MINIMUM.
THE GATSBY EVENT WAS THE LARGEST FUNDRAISER THE ORGANIZATION HAS HELD TO DATE IN 2022. EXPENSES DERIVED FROM THE COMBINED COST OF THE EMCEE, DJ, ENTERTAINMENT, DECOR AND MINIMAL ADVERTISING OF THE EVENT. THE NET PROCEEDS WAS COMBINED WITH MEMBER DUES AND OTHER FUNDRAISING EVENT PROCEEDS TO FUND THE ANNUAL GRANTS PROGRAM.
DESIGNER BAG BINGO IS A SIGNATURE FUNDRAISER FOR THE ORGANIZATION. EXPENSES DERIVE FROM THE COMBINED COST OF FOOD, DECOR, SUPPLIES AND MINIMAL ADVERTISING. THE NET PROCEEDS WAS COMBINED WITH MEMBER DUES AND OTHER FUNDRAISING EVENT PROCEEDS TO FUND THE ANNUAL GRANTS PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Massaro-Fain President | Officer | 20 | $0 |
Terri Stern Vice President | Officer | 2 | $0 |
Pamela Modisett Treasurer | Officer | 2 | $0 |
June Braithwaite Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,868 |
| Total Program Service Revenue | $0 |
| Investment income | $175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $117,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,000 |
| 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 | $0 |
| Fees for services: Accounting | $75 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $791 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $276 |
| 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 | $1,654 |
| All other expenses | $0 |
| Total functional expenses | $87,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,546 |
| 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 | $164,546 |
| Accounts payable and accrued expenses | $1,501 |
| Grants payable | $0 |
| Deferred revenue | $2,150 |
| 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 | $3,651 |
| Net assets without donor restrictions | $148,965 |
| Net assets with donor restrictions | $11,930 |
| 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 | $164,546 |
Grants Awarded
Over the last fiscal year, Sisterhood For Good Inc has awarded $78,850 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD PROTECTION CENTER INC | | | $2,000 |
CHILDREN'S GUARDIAN FUND | | | $3,000 |
FAMILY PROMISE OF SOUTH SARASOTA COUNTY | | | $3,000 |
FEEDING EMPTY LITTLE TUMMIES | | | $5,000 |
GIRLS INCORPORATED OF SARASOTA COUNTY | | | $1,250 |
HEART GALLERY OF SARASOTA | | | $1,500 |