Sb Works: FY2021 Nonprofit Profile & Form 990 (EIN 47-3838493)

Revenue by fiscal year
FY2019	$817K
FY2020	$473K
FY2021	$575K
FY2022	$669K
FY2023	$915K

Expenses by fiscal year
FY2019	$653K
FY2020	$432K
FY2021	$496K
FY2022	$507K
FY2023	$666K

Net assets by fiscal year
FY2019	$222K
FY2020	$264K
FY2021	$342K
FY2022	$473K
FY2023	$536K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2015.

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

Where the money goes

70 cents of each dollar spent went to programs.

70%

26%

Program services 70% · $347K Management & general 26% · $129K Fundraising 4% · $19K

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

13 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation

John Mains

Executive Director

$79,104Pt VII · Sec A

Tom Litke

Program Manager

$31,250Pt VII · Sec A

Thomas Litke

Program Manager

$31,250Pt VII · Sec A

Hannah Maka

Program Assistant

$29,810Pt VII · Sec A

Chris Van Orden

Economic Specialist

$24,998Pt VII · Sec A

Kyle Hafferman

Program Assistanct

$2,100Pt VII · Sec A

Deborah Jones

Director

$0Pt VII · Sec A

Jack Sterne

Director

$0Pt VII · Sec A

John Mains’s $104K as Executive Director is at the 75th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 8 named individuals · Part VII

Name	FY2023	FY2022	FY2021	FY2020
John Mains	$103,699	$86,700	$79,104	$79,950
Thomas Litke	$91,376	$76,500	$31,250	—
Micah Feinstein	$65,999	$14,173	—	—
Tom Litke	—	—	$31,250	—
Chris Van Orden	$30,102	$25,519	$24,998	—
Hannah Maka	—	—	$29,810	—
Cristine Davis	—	$28,761	—	—
Maureen Fitz	—	—	—	$17,333

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 Sb Works 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

Empowers underserved communities with business training and incubation for economic growth and job creation.

Provided by the organization

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1 program · $347K · in their own filed words · FY2021

01

Support underserved communities with training access to qualified consultants to aid in the growth of small businesses.

$347Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

The Morningstar Philanthropic FoundationFY2024$100K

Total grants receivedfrom 1 funder$100K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$575K

Ln 12

Gifts and grantsLn 1h$538K

Fees for servicesLn 2g$37K

Investment incomeLn 3$17

Money outPt IX

$496K

Ln 25

Programscol B$347K

Managementcol C$129K

Fundraisingcol D$19K

Owns and owesPt X

$342K

net assets · Ln 32

Cash and savingsLn 1–2$360K

Total assetsLn 16$367K

LiabilitiesLn 26$25K

PeoplePt VI, VII

13

listed · VII A

PaidVII A6

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$538K

Government grantsLn 1e$538K

Noncash giftsLn 1g$0

Fees for servicesLn 2g$37K

Investment incomeLn 3$17

Total revenueLn 12$575K

Assets in detailPt X, end of year

CashLn 1$59K

SavingsLn 2$300K

Cash and savings togetherLn 1–2$360K

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$6K

Other assetsLn 15$2K

Total assetsLn 16$367K

LiabilitiesLn 26$25K

Net assetsLn 32$342K

OperationsPt I, VI

EmployeesI 55

VolunteersI 60

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$276K	$360K
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$11K	$6K
Total assetsLn 16	$289K	$367K
LiabilitiesLn 26	$25K	$25K
Net assetsLn 32	$264K	$342K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0	$0
Other salaries and wagesLn 7	$167K	$63K	$92K	$12K
Payroll taxesLn 10	$15K	$6K	$8K	$1K
Accounting feesLn 11c	$7K	$0	$7K
Other fees for servicesLn 11g	$261K	$260K	$67	$1K
Advertising and promotionLn 12	$6K	$3K	$0	$3K
Office expensesLn 13	$5K	$2K	$3K	$364
Information technologyLn 14	$3K	$2K	$2K	$68
RoyaltiesLn 15	$750	$750	$0	$0
OccupancyLn 16	$23K	$8K	$13K	$2K
TravelLn 17	$11	$0	$11	$0
Depreciation, depletion and amortizationLn 22	$6K	$2K	$3K	$395
InsuranceLn 23	$3K	$1K	$2K	$223
Total functional expensesLn 25	$496K	$347K	$129K	$19K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest	$915K	$666K	$249K	$536K	990 PDF
FY2022	$669K	$507K	$162K	$473K	990 PDF
FY2021 Viewing	$575K	$496K	$79K	$342K	990 PDF
FY2020	$473K	$432K	$42K	$264K	990 PDF
FY2019	$817K	$653K	$164K	$222K	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 FY2021 990 (6 parts)

Part I · Summary $574,807 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $473,434$537,782

I-9 Program service revenuePrior year $0$37,008

I-10 Investment incomePrior year $0$17

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $473,434$574,807

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $129,933$181,517

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $289,931$314,627

I-18 Total expensesPrior year $419,864$496,144

I-19 Revenue less expensesPrior year $53,570$78,663

Part VI · Governance 7 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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 $574,807 across 11 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1d Related organizations$0

VIII-1e Government grants$537,782

VIII-1f All other contributions, gifts and grants$0

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$537,782

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,008 · Unrelated business $0 · Excluded from tax $0$37,008

VIII-3 Investment incomeRelated to mission $17 · Unrelated business $0 · Excluded from tax $0$17

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $37,025 · Unrelated business $0 · Excluded from tax $0$574,807

Part IX · Statement of functional expenses $496,144 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $0$0

IX-7 Other salaries and wagesPrograms $63,319 · Management $91,648 · Fundraising $11,665$166,632

IX-10 Payroll taxesPrograms $5,656 · Management $8,187 · Fundraising $1,042$14,885

IX-11c Accounting feesPrograms $0 · Management $6,759$6,759

IX-11g Other fees for servicesPrograms $259,765 · Management $67 · Fundraising $1,117$260,949

IX-12 Advertising and promotionPrograms $2,870 · Management $0 · Fundraising $2,869$5,739

IX-13 Office expensesPrograms $1,872 · Management $2,965 · Fundraising $364$5,201

IX-14 Information technologyPrograms $1,745 · Management $1,608 · Fundraising $68$3,421

IX-15 RoyaltiesPrograms $750 · Management $0 · Fundraising $0$750

IX-16 OccupancyPrograms $8,266 · Management $13,088 · Fundraising $1,608$22,962

IX-17 TravelPrograms $0 · Management $11 · Fundraising $0$11

IX-22 Depreciation, depletion and amortizationPrograms $2,032 · Management $3,217 · Fundraising $395$5,644

IX-23 InsurancePrograms $1,149 · Management $1,819 · Fundraising $223$3,191

IX-25 Total functional expensesPrograms $347,424 · Management $129,369 · Fundraising $19,351$496,144

Part X · Balance sheet $367,219 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $25,702$59,423

X-2 Savings and temporary cash investmentsStart of year $249,818$300,404

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $11,286$5,642

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $1,750$1,750

X-16 Total assetsStart of year $288,556$367,219

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $25,000$25,000

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $25,000$25,000

X-27 Net assets without donor restrictionsStart of year $263,556$342,219

X-32 Total net assets or fund balancesStart of year $263,556$342,219

X-33 Total liabilities and net assetsStart of year $288,556$367,219

Part XI · Reconciliation of net assets $342,219 net assets at year end

XI-1 Total revenue$574,807

XI-2 Total expenses$496,144

XI-3 Revenue less expenses$78,663

XI-4 Net assets at start of year$263,556

XI-10 Net assets at end of year$342,219

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sb Works FY2021 filing

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