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Spc4life FY2023 filing

Tax-deductible

Lawrenceville, VA501(c)(3)Community DevelopmentEIN 85-1182217

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To develop and implement innovative educationalcomma economiccomma and professional programs to empower and improve the quality of life for individuals and families in brunswick county virginia. Spc4life envisions a vibrant and prosperous community. Spc4life also encourages all residents to participate in the culturalcomma educationalcomma and physical development and revitalization of the area. The organization relies on gifts from alumni donors.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $85K a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
+17% vs prior year
Spent
$66K
To programs
0%
Net assets
$408K
By yearFY2020–FY2024
Revenue
$89K
FY2023▲ +17%
Revenue by fiscal year
FY2020$196K
FY2021$199K
FY2022$76K
FY2023$89K
FY2024$73K
Expenses
$66K
FY2023▲ +24%
Expenses by fiscal year
FY2020$6K
FY2021$27K
FY2022$53K
FY2023$66K
FY2024$58K
Net assets
$408K
FY2023▲ +6%
Net assets by fiscal year
FY2020$190K
FY2021$361K
FY2022$385K
FY2023$408K
FY2024$424K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2021.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $66K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Derrick Woodson
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James Clark
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Spc4life 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

Develops programs to empower individuals and improve quality of life in Brunswick County.

Provided by the organization

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1 program · in their own filed words · FY2023
01

Gift from donors.

Pt IX · col B

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 · FY2023
Mutual of America FoundationFY2023$250
Total grants receivedfrom 1 funder$250

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$89K
Ln 12
Gifts and grantsLn 1h$89K
Other incomeLn 4–11$48
Money outPt IX
$66K
Ln 25
Managementcol C$66K
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$408K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Other incomeLn 4–11$48
Total revenueLn 12$89K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Land, buildings, equipmentLn 10c$365K
Total assetsLn 16$408K
LiabilitiesLn 26$0
Net assetsLn 32$408K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$45K$43K
Land, buildings, equipmentLn 10c$365K$365K
Total assetsLn 16$410K$408K
LiabilitiesLn 26$25K$0
Net assetsLn 32$385K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$919$919
Office expensesLn 13$798$798
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$49K$49K
All other expensesLn 24e$551$551
Total functional expensesLn 25$66K$0$66K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $73K$58K$15K$424K 990 PDF
FY2023 Viewing $89K$66K$24K$408K 990 PDF
FY2022 $76K$53K$23K$385K 990 PDF
FY2021 $199K$27K$171K$361K 990 PDF
FY2020 $196K$6K$190K$190K 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 FY2023 990 (5 parts)
Part I · Summary $89,148 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,607$89,100
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $24,636$48
I-12 Total revenuePrior year $76,243$89,148
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,805$65,535
I-18 Total expensesPrior year $52,805$65,535
I-19 Revenue less expensesPrior year $23,438$23,613
Part VIII · Statement of revenue $89,148 across 4 lines filed
VIII-1f All other contributions, gifts and grants$89,100
VIII-1h Total contributions, gifts and grants$89,100
VIII-8 Net income from fundraising eventsExcluded from tax $48$48
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $48$89,148
Part IX · Statement of functional expenses $65,535 across 7 lines filed
IX-11b Legal feesManagement $10,115$10,115
IX-11c Accounting feesManagement $1,985$1,985
IX-12 Advertising and promotionManagement $919$919
IX-13 Office expensesManagement $798$798
IX-23 InsuranceManagement $1,825$1,825
IX-24 Other expenses (24a–d)Management $49,342$49,342
IX-24e All other expensesManagement $551$551
IX-25 Total functional expensesPrograms $0 · Management $65,535 · Fundraising $0$65,535
Part X · Balance sheet $408,442 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $44,554$43,168
X-10c Land, buildings and equipment, netStart of year $365,274$365,274
X-16 Total assetsStart of year $409,828$408,442
X-26 Total liabilitiesStart of year $25,000$0
X-27 Net assets without donor restrictionsStart of year $384,828$408,442
X-32 Total net assets or fund balancesStart of year $384,828$408,442
X-33 Total liabilities and net assetsStart of year $409,828$408,442
Part XI · Reconciliation of net assets $408,442 net assets at year end
XI-1 Total revenue$89,148
XI-2 Total expenses$65,535
XI-3 Revenue less expenses$23,613
XI-4 Net assets at start of year$384,828
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$408,442

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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