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Social Development Foundation INC

IRS exemption revoked

Milwaukee, WI501(c)(3)Human Services EIN 47-0923289Revenue $436K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSMilwaukee, WITax-exempt since May 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The Social Development Foundation was established in 2003 as a 501(c)(3) nonprofit organization for the sole purpose of providing financial support for the programs and initiatives of the community relations - Social Development commission (sdc). The sdc is the community-action agency for milwaukee county and directs over 20 programs, which offer basic services and asset-building programs to low-income residents. The foundation's vision is to generate private-sector support to supplement tax-based funding, with the result of expanded programs, enhanced services, and a broadened awareness of sdc's mission in the community, empowering milwaukee county residents with the resources to move beyond poverty.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0923289) · Dispute this line
99¢ of each $1 spent went to programs.
Run by 165 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $32K a year · 8% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
15.4 mo
of spending, in cash
15.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$408K
56% of total assets
Liabilities are 56% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$436K
+2% vs prior year
Spent
$414K
To programs
99%
Net assets
$323K
By yearFY2020–FY2022
Revenue
$436K
FY2022▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$427K
FY2022$436K
Expenses
$414K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$270K
FY2021$386K
FY2022$414K
Net assets
$323K
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$260K
FY2021$301K
FY2022$323K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Follow Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2022. IRS ruling in May 2004.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $409K Management & general 1% · $5K

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

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Lisa Goodman
Vice President
$0Pt VII · Sec A
Phyllis Clark
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Al Smith
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Erica Bean
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Social Development Foundation INC executive salaries →

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

Funds programs and initiatives for Milwaukee County's low-income residents.

Questions for Social Development Foundation INC

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2 programs · $334K · in their own filed words · FY2022
01

Asset Building

Provided free tax preparation services to residents filing federal and state tax returns, generating tax refunds and tax credits while saving tax preparation fees. The program also conducted financial literacy workshops where clients participated and opened bank accounts.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0923289) · Dispute this line
$265Kprogram expense
02

Poverty summit providing information for people to stay informed on everything affecting poor people.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0923289) · Dispute this line
$68Kprogram 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 · FY2024
Dollar General Literacy FoundationFY2024$10K
Direct Supply Foundation INCFY2024$5K
Total grants receivedfrom 2 funders$15K
Grants paid · 3 grants · $910K · 2020–2022
Social Development CommissionFY2022$351,000
Social Development CommissionFY2021$338,909
Social Development CommissionFY2020$219,955

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$436K
Ln 12
Gifts and grantsLn 1h$531K
Money outPt IX
$414K
Ln 25
Programscol B$409K
Managementcol C$5K
Owns and owesPt X
$323K
net assets · Ln 32
Cash and savingsLn 1–2$530K
Total assetsLn 16$731K
LiabilitiesLn 26$408K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$531K
Government grantsLn 1e$28K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$116K
Gains on assetsLn 7−$32K
Total revenueLn 12$436K
Assets in detailPt X, end of year
CashLn 1$530K
Cash and savings togetherLn 1–2$530K
Accounts receivableLn 4$11K
Prepaid expenses and deferred chargesLn 9$2K
Other assetsLn 15$188K
Total assetsLn 16$731K
LiabilitiesLn 26$408K
Net assetsLn 32$323K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6165
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$1K
Share of the $188K endowmentSch D 1g0.59%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$188K$221K$189K$167K$148K
SpentLn 1d–1f$1K$942$834$737$754
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$99K$530K
Total assetsLn 16$580K$731K
LiabilitiesLn 26$279K$408K
Net assetsLn 32$301K$323K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$351K$351K
Other salaries and wagesLn 7$23K$23K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$1K$1K
Office expensesLn 13$20K$20K
OccupancyLn 16$4K$4K
TravelLn 17$30$30
Conferences, conventions and meetingsLn 19$250$250
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$414K$409K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 14, 2023 $436K$414K$22K$323K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $427K$386K$41K$301K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $304K$270K$34K$260K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $436,057 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,287$531,206
I-9 Program service revenuePrior year $2,336$0
I-10 Investment incomePrior year $33,127−$32,264
I-11 Other revenuePrior year $0−$62,885
I-12 Total revenuePrior year $426,750$436,057
I-13 Grants and similar amounts paidPrior year $338,909$351,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,258$26,258
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,869$36,667
I-18 Total expensesPrior year $386,036$413,925
I-19 Revenue less expensesPrior year $40,714$22,132
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $436,057 across 8 lines filed
VIII-1c Fundraising events$116,463
VIII-1e Government grants$27,500
VIII-1f All other contributions, gifts and grants$387,243
VIII-1g Noncash contributions (included above)$12,500
VIII-1h Total contributions, gifts and grants$531,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$32,264−$32,264
VIII-8 Net income from fundraising eventsExcluded from tax −$62,885−$62,885
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$95,149$436,057
Part IX · Statement of functional expenses $413,925 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $351,000$351,000
IX-7 Other salaries and wagesPrograms $22,520$22,520
IX-9 Other employee benefitsPrograms $2,015$2,015
IX-10 Payroll taxesPrograms $1,723$1,723
IX-11c Accounting feesManagement $3,643$3,643
IX-11f Investment management feesManagement $1,105$1,105
IX-13 Office expensesPrograms $20,246$20,246
IX-16 OccupancyPrograms $3,600$3,600
IX-17 TravelPrograms $30$30
IX-19 Conferences, conventions and meetingsPrograms $250$250
IX-24 Other expenses (24a–d)Programs $7,793$7,793
IX-25 Total functional expensesPrograms $409,177 · Management $4,748 · Fundraising $0$413,925
Part X · Balance sheet $731,275 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $99,466$530,017
X-4 Accounts receivableStart of year $254,836$11,000
X-9 Prepaid expenses and deferred chargesStart of year $4,247$2,499
X-15 Other assetsStart of year $221,128$187,759
X-16 Total assetsStart of year $579,677$731,275
X-17 Accounts payable and accrued expensesStart of year $256,265$5,975
X-25 Other liabilitiesStart of year $22,483$402,240
X-26 Total liabilitiesStart of year $278,748$408,215
X-27 Net assets without donor restrictionsStart of year $296,682$323,060
X-28 Net assets with donor restrictionsStart of year $4,247$0
X-32 Total net assets or fund balancesStart of year $300,929$323,060
X-33 Total liabilities and net assetsStart of year $579,677$731,275
Part XI · Reconciliation of net assets $323,060 net assets at year end
XI-1 Total revenue$436,057
XI-2 Total expenses$413,925
XI-3 Revenue less expenses$22,132
XI-4 Net assets at start of year$300,929
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$323,060

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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