So What Else INC FY2023 filing

Tax-deductible

Bethesda, MD501(c)(3)Since 2009Foundations & GrantmakersEIN 27-1219231Revenue $33.8M in FY2023

On file with the IRSsowhatelse.org6901 Rockledge Dr Unit 709, 20817-1817 · Bethesda, MDTax-exempt since Apr 2010Publicly supported charity — 170(b)(1)(A)(vi)

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So What else's mission is to improve the lives of children and families living in underserved communities in the baltimore-washington metro area by providing food security, access to basic necessities, and high-quality out-of-school time programs in literacy, athletics, and the visual and performing arts while inspiring young people to give back to the community by creating volunteer opportunities for citizens of all ages.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$123K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.8M
×15 vs prior year
Spent
$33.9M
To programs
98%
Net assets
$531K
By yearFY2020–FY2024
Revenue
$33.8M
FY2023▲ ×15
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.7M
FY2022$2.3M
FY2023$33.8M
FY2024$33.8M
Expenses
$33.9M
FY2023▲ ×15
Tap a bar for its year
Expenses by fiscal year
FY2020$893K
FY2021$1.6M
FY2022$2.3M
FY2023$33.9M
FY2024$34.0M
Net assets
$531K
FY2023▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$447K
FY2021$608K
FY2022$667K
FY2023$531K
FY2024$302K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $33.3M Management & general 1% · $296K Fundraising 1% · $255K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$91,558Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Silbert’s $92K as Executive Dir. is at the 3rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Silbert$92,100$91,558$91,821$86,167$80,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See So What Else INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides food, necessities, and arts/literacy programs for underserved children and families, fostering community volunteerism.

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Provided by the organization

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2 programs · $33.3M · in their own filed words · FY2023
01

Organized food and disaster relief assistance for the DC metro and baltimore regions. Initiated food and supply deliveries and food recovery services. Set up food and supply distribution center to needy families in our community. Also provided youth development services through after school programs and summer camps.

$33.3Mprogram expense
02

Grants to organziations that support our mission.

$65Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$20K
Grants paid · 7 grants · $244K · 2021–2024
Individual RecipientFY2024$37,036
Leukemia & Lymphoma SocietyFY2023$40,769
Individual RecipientFY2023$23,000
4 My CityFY2022$94,750
Individual RecipientFY2022$8,950
4 My CityFY2021$31,250
Individual RecipientFY2021$8,700

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$33.8M
Ln 12
Gifts and grantsLn 1h$33.4M
Other incomeLn 4–11$310K
Investment incomeLn 3$38K
Money outPt IX
$33.9M
Ln 25
Programscol B$33.3M
Managementcol C$296K
Fundraisingcol D$255K
Owns and owesPt X
$531K
net assets · Ln 32
Cash and savingsLn 1–2$542K
Total assetsLn 16$654K
LiabilitiesLn 26$123K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33.4M
Noncash giftsLn 1g$31.0M
Investment incomeLn 3$38K
Other incomeLn 4–11$310K
Gains on assetsLn 7$35K
Total revenueLn 12$33.8M
Assets in detailPt X, end of year
CashLn 1$542K
Cash and savings togetherLn 1–2$542K
Land, buildings, equipmentLn 10c$96K
Other assetsLn 15$17K
Total assetsLn 16$654K
LiabilitiesLn 26$123K
Net assetsLn 32$531K
OperationsPt I, VI
EmployeesI 596
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$674K$542K
Land, buildings, equipmentLn 10c$148K$96K
Total assetsLn 16$824K$654K
LiabilitiesLn 26$157K$123K
Net assetsLn 32$667K$531K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Grants to domestic individualsLn 2$31.0M$31.0M
Pay of current officers, directors and key staffLn 5$92K$46K$46K
Other salaries and wagesLn 7$1.7M$1.4M$122K$166K
Other employee benefitsLn 9$34K$34K
Payroll taxesLn 10$159K$141K$9K$8K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$13K$13K
OccupancyLn 16$78K$78K
TravelLn 17$8K$8K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$69K$69K
Other expenses (24a–d)Ln 24$477K$477K
All other expensesLn 24e$46K$17K$22K$8K
Total functional expensesLn 25$33.9M$33.3M$296K$255K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $33.8M$34.0M−$182K$302K 990 PDF
FY2023 Viewing $33.8M$33.9M−$136K$531K 990 PDF
FY2022 $2.3M$2.3M$59K$667K 990 PDF
FY2021 $1.7M$1.6M$161K$608K 990 PDF
FY2020 $1.2M$893K$312K$447K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $33,761,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,063,155$33,413,759
I-9 Program service revenue$0
I-10 Investment income$37,931
I-11 Other revenuePrior year $250,078$309,675
I-12 Total revenuePrior year $2,313,233$33,761,365
I-13 Grants and similar amounts paidPrior year $108,100$31,035,277
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,522,802$2,005,084
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $623,488$856,699
I-18 Total expensesPrior year $2,254,390$33,897,060
I-19 Revenue less expensesPrior year $58,843−$135,695
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $33,761,365 across 7 lines filed
VIII-1f All other contributions, gifts and grants$33,413,759
VIII-1g Noncash contributions (included above)$30,970,758
VIII-1h Total contributions, gifts and grants$33,413,759
VIII-3 Investment incomeRelated to mission $2,813$2,813
VIII-7 Net gain or loss on sales of assetsRelated to mission $35,118$35,118
VIII-8 Net income from fundraising events$309,675
VIII-12 Total revenueRelated to mission $37,931$33,761,365
Part IX · Statement of functional expenses $33,897,060 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $64,519$64,519
IX-2 Grants to domestic individualsPrograms $30,970,758$30,970,758
IX-5 Pay of current officers, directors and key staffPrograms $45,779 · Fundraising $45,778$91,557
IX-7 Other salaries and wagesPrograms $1,432,314 · Management $122,425 · Fundraising $166,154$1,720,893
IX-9 Other employee benefitsManagement $33,947$33,947
IX-10 Payroll taxesPrograms $141,375 · Management $9,366 · Fundraising $7,946$158,687
IX-11b Legal feesManagement $41,513$41,513
IX-11c Accounting feesManagement $30,740$30,740
IX-11g Other fees for servicesManagement $12,900$12,900
IX-12 Advertising and promotionFundraising $27,810$27,810
IX-13 Office expensesManagement $13,396$13,396
IX-16 OccupancyPrograms $77,629$77,629
IX-17 TravelPrograms $7,814$7,814
IX-20 InterestManagement $9,495$9,495
IX-22 Depreciation, depletion and amortizationPrograms $42,218$42,218
IX-23 InsurancePrograms $69,350$69,350
IX-24 Other expenses (24a–d)Programs $477,346$477,346
IX-24e All other expensesPrograms $17,197 · Management $21,745 · Fundraising $7,546$46,488
IX-25 Total functional expensesPrograms $33,346,299 · Management $295,527 · Fundraising $255,234$33,897,060
Part X · Balance sheet $654,418 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $673,929$542,144
X-10c Land, buildings and equipment, netStart of year $147,707$95,582
X-15 Other assetsStart of year $2,261$16,692
X-16 Total assetsStart of year $823,897$654,418
X-25 Other liabilitiesStart of year $27,438$32,991
X-26 Total liabilitiesStart of year $156,831$123,047
X-27 Net assets without donor restrictionsStart of year $667,066$531,371
X-32 Total net assets or fund balancesStart of year $667,066$531,371
X-33 Total liabilities and net assetsStart of year $823,897$654,418
Part XI · Reconciliation of net assets $531,371 net assets at year end
XI-1 Total revenue$33,761,365
XI-2 Total expenses$33,897,060
XI-3 Revenue less expenses−$135,695
XI-4 Net assets at start of year$667,066
XI-10 Net assets at end of year$531,371

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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