Saints Rest Community Economic Development Corp

Tax-deductible

Fresno, CA501(c)(3)Community DevelopmentEIN 30-0409593Revenue $202K in FY2024

On file with the IRSsaintrestcedc.org1550 E Rev Chester Riggins Ave, 93706-4322 · Fresno, CATax-exempt since Dec 2017Publicly supported — 509(a)(2)

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To raise the economic, educational and social levels, and enhance the quality of life of residents of West Fresno, including but not limited to promoting the creation of economic development opportunities.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $69K a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
43 mo
of spending, in cash
Looks good: 42.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$202K
+633% vs prior year
Spent
$92K
To programs
57%
Net assets
$625K
By yearFY2020–FY2024
Revenue
$202K
FY2024▲ +633%
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$256K
FY2022$157K
FY2023$28K
FY2024$202K
Expenses
$92K
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$207K
FY2022$100K
FY2023$60K
FY2024$92K
Net assets
$625K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$442K
FY2021$491K
FY2022$547K
FY2023$515K
FY2024$625K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2017.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $52K Management & general 43% · $40K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
See Saints Rest Community Economic Development Corp 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 15aNo

Programs and updates

Improves West Fresno residents' lives through economic, educational, and social programs.

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Provided by the organization

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1 program · $52K · in their own filed words · FY2024
01

In 2024 we continued to develop and support community-based strategies that increase economic opportunity and improve the quality of life for a sustainable Saint Rest neighborhood. We promoted our vision of promoting health and wellness in the 93706 through our partnership with the BLACK Wellness & Prosperity Center and our Fall for…

$52Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$30K
Grants paid · 1 grant · $13K · 2021–2021
St Rest Baptist ChurchLA · FY2021$12,882

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$202K
Ln 12
Gifts and grantsLn 1h$202K
Money outPt IX
$92K
Ln 25
Programscol B$52K
Managementcol C$40K
Owns and owesPt X
$625K
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$625K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$327K
Cash and savings togetherLn 1–2$327K
Land, buildings, equipmentLn 10c$293K
Other assetsLn 15$5K
Total assetsLn 16$625K
LiabilitiesLn 26$0
Net assetsLn 32$625K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$239K$327K
Land, buildings, equipmentLn 10c$271K$293K
Total assetsLn 16$515K$625K
LiabilitiesLn 26$0$0
Net assetsLn 32$515K$625K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Management feesLn 11a$42K$21K$21K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$2K$2K
Information technologyLn 14$6K$6K
OccupancyLn 16$3K$3K
Depreciation, depletion and amortizationLn 22$13K$13K
Other expenses (24a–d)Ln 24$19K$15K$4K
Total functional expensesLn 25$92K$52K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $202K$92K$110K$625K 990 PDF
FY2023 $28K$60K−$32K$515K 990 PDF
FY2022 $157K$100K$57K$547K 990 PDF
FY2021 $256K$207K$49K$491K 990 PDF
FY2020 $216K$53K$163K$442K 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 FY2024 990 (6 parts)
Part I · Summary $201,841 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,550$201,841
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $27,550$201,841
I-13 Grants and similar amounts paidPrior year $2,500$3,250
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,413$88,810
I-18 Total expensesPrior year $59,913$92,060
I-19 Revenue less expensesPrior year −$32,363$109,781
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $201,841 across 4 lines filed
VIII-1f All other contributions, gifts and grants$201,841
VIII-1h Total contributions, gifts and grants$201,841
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$201,841
Part IX · Statement of functional expenses $92,060 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $3,250$3,250
IX-11a Management feesPrograms $20,960 · Management $20,960$41,920
IX-11c Accounting feesManagement $1,719$1,719
IX-11g Other fees for servicesManagement $2,432$2,432
IX-13 Office expensesManagement $1,717$1,717
IX-14 Information technologyManagement $5,998$5,998
IX-16 OccupancyManagement $3,000$3,000
IX-22 Depreciation, depletion and amortizationPrograms $12,898$12,898
IX-24 Other expenses (24a–d)Programs $15,026 · Management $4,100$19,126
IX-25 Total functional expensesPrograms $52,134 · Management $39,926 · Fundraising $0$92,060
Part X · Balance sheet $624,747 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $239,143$326,814
X-10c Land, buildings and equipment, netStart of year $270,823$292,933
X-15 Other assetsStart of year $5,000$5,000
X-16 Total assetsStart of year $514,966$624,747
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $132,198$86,647
X-28 Net assets with donor restrictionsStart of year $382,768$538,100
X-32 Total net assets or fund balancesStart of year $514,966$624,747
X-33 Total liabilities and net assetsStart of year $514,966$624,747
Part XI · Reconciliation of net assets $624,747 net assets at year end
XI-1 Total revenue$201,841
XI-2 Total expenses$92,060
XI-3 Revenue less expenses$109,781
XI-4 Net assets at start of year$514,966
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$624,747

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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