Sb Works FY2022 filing

Washington, DC · Public charity (501(c)(3)) · Community Development

✓ Tax-deductible
Revenue
$669K
+16% vs prior year
Spent
$507K
To programs
83%
Net assets
$473K
By yearFY2019–FY2023
Revenue
$669K
FY2022▲ +16%
Revenue by fiscal year
FY2019$817K
FY2020$473K
FY2021$575K
FY2022$669K
FY2023$915K
Expenses
$507K
FY2022▲ +2%
Expenses by fiscal year
FY2019$653K
FY2020$432K
FY2021$496K
FY2022$507K
FY2023$666K
Net assets
$473K
FY2022▲ +38%
Net assets by fiscal year
FY2019$222K
FY2020$264K
FY2021$342K
FY2022$473K
FY2023$536K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CSb Works
EINHdr · item D47-3838493
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2015
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFCommunity Development (S19)
WebsiteHdr · item Jwww.sbworksdc.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17 Fundraising $0.00
Program services83%$419K
Management & general17%$87K
Fundraising$560
Total functional expensesLn 25$507K

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$473K
FY2022▲ +29%
Total assets by fiscal year
FY2019$222K
FY2020$289K
FY2021$367K
FY2022$473K
FY2023$536K
Total liabilities
$0
FY2022▼ -100%
Total liabilities by fiscal year
FY2019$500
FY2020$25K
FY2021$25K
FY2022$0
FY2023$0
Revenue less expensesPt I · Ln 19$162K
Total assetsPt X · Ln 16$473K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$473K
Total liabilitiesLn 26$0
Total net assetsLn 32$473K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Contributions & grants100%$668K
Program service revenue$846
— government grantsLn 1e$668K
Total revenueLn 12$669K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $507K
4.2 months
Where the money goes
Program services
Program services $419K · Total expenses $507K
83%
Management & General
Management & general $87K · Total expenses $507K
17%
Fundraising
Fundraising $560 · Total expenses $507K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $668K · Total revenue $669K
100%
Government reliance
Government grants $668K · Total revenue $669K
100%
Earned-income share
Program service revenue $846 · Total revenue $669K
0.1%
Investment reliance
Investment income $0 · Total revenue $669K
0%
Program self-sufficiency
Program service revenue $846 · Total expenses $507K
0.2%
Growth & trend
Revenue growth (YoY)
This year $669K · Prior year $575K
+16%
Net-asset trend (YoY)
End of year $473K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $669K · Expenses $507K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $473K
—
Net-asset ratio
Net assets $473K · Total assets $473K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $473K
0%
People & payroll
Highest Reported Total Compensation
Individual John Mains · Reported title Executive Director · Highest reported compensation $87K · Total expenses $507K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $251K · Total expenses $507K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0.08%——
Revenue growth 16%——
Investment management fee ratio 0%——
Legal fee ratio 3%——
Accounting fee ratio 8%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$86,700Pt VII · Sec A
Grants Manager
$76,500Pt VII · Sec A
Outreach Coordinator
$28,761Pt VII · Sec A
Subject Specialist
$25,519Pt VII · Sec A
Program Specialist
$14,173Pt VII · Sec A
Board of Directors President
$2,400Pt VII · Sec A
Board of Directors Member
$1,800Pt VII · Sec A
Board of Directors Treasurer
$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

NameFY2023FY2022FY2021FY2020
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.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

This section is blank until Sb Works claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $440K of program spending, described in the organization's own filed words · FY2022.
01

Over this calendar year (spanning two program fiscal years starting 10/1/21-9-30/22 and then next) assisted roughly 140 small business clients predominately serving low and moderate income areas of the District of Columbia.

$220Kprogram expense
02

Approximately 40 small businesses located in low and moderate income received subsidized storefront and faade improvement programs with paid staff/consultants handling the process from design to permitting etc. Client businesses averaged 5,000-20,000 of dedicated consultants worth of assistance.

$220Kprogram expense

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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
Total grants receivedfrom 1 funder$100K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $915K$666K+37% 990 PDF
FY2022 Viewing $669K$507K+16% 990 PDF
FY2021 $575K$496K+21% 990 PDF
FY2020 $473K$432K-42% 990 PDF
FY2019 $817K$653K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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