Spc4life EIN 85-1182217 Form 990 (PDF) Claim this org

Spc4life FY2022 filing

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Develops programs to empower individuals and improve quality of life in Brunswick County. For fiscal year 2022 it reported $76K in revenue, $53K in expenses, and $385K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Lawrenceville, VA
Website
spc4life.org
Filings
5 on file (2020–2022)
Revenue
$76KFY2022
Expenses
$53K
Net assets
$385K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-1182217 Public charity (501(c)(3)) Lawrenceville, VA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Develops programs to empower individuals and improve quality of life in Brunswick County.
Leadership
Money in and out
$76K revenue, $53K expenses
Bottom line
0% program efficiency
Where the money goes · FY2022
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$385K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$76K
FY2022▼ -62%
Expenses
$53K
FY2022▲ +92%
Total assets
$410K
FY2022▲ +6%
Total liabilities
$25K
FY20220%
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$385K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$410K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpc4life
EINHdr · item D85-1182217
Principal addressHdr · item CLawrenceville, VA
WebsiteHdr · item Jspc4life.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMay 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Gift from donors.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$52K · 68%
Other revenue$25K · 32%
Contributions & grants68%$52K
Other revenue32%$25K
Total revenueLn 12$76K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$53K
Total functional expensesLn 25$53K

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$410K
Total liabilitiesLn 26$25K
Total net assetsLn 32$385K
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $45K · Operating expenses/yr $53K
10.1 months
Where the money goes
Program services
Program services $0 · Total expenses $53K
0%
Management & General
Management & general $53K · Total expenses $53K
100%
Fundraising
Fundraising $0 · Total expenses $53K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $120K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $52K · Total revenue $76K
68%
Government reliance
Government grants — · Total revenue $76K
Earned-income share
Program service revenue $0 · Total revenue $76K
0%
Investment reliance
Investment income $0 · Total revenue $76K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $53K
0%
Growth & trend
Revenue growth (YoY)
This year $76K · Prior year $199K
-62%
Net-asset trend (YoY)
End of year $385K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $76K · Expenses $53K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $410K
Net-asset ratio
Net assets $385K · Total assets $410K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $410K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Christopher Stephenson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $53K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $53K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth -62%
Accounting fee ratio 4%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$73K revenue · ⤓ 990 PDF
FY2023$89K revenue · ⤓ 990 PDF
FY2022$76K revenue · viewing · ⤓ 990 PDF
FY2021$199K revenue · ⤓ 990 PDF
FY2020$196K revenue · ⤓ 990 PDF

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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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