Southside Bingo LLC

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Provides funds for local volunteer groups. For fiscal year 2024 it reported $35K in revenue, $21K in expenses, and $14K in net assets.Pt I

Type: Unknown exempt organization · Nonprofit
Location: Graceville, FL
Filings: 1 on file (2024–2024)

Revenue

$35KFY2024

Expenses

$21K

Net assets

$14K

People

Filings

Updates

More identity details & actions ⌄

EIN 99-4695798 Unknown exempt organization Graceville, FL

Form 990 (PDF)

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Size

<$100K

What they do

Provides funds for local volunteer groups.

Leadership

Peggy Meredith · Officer

Money in and out

$35K revenue, $21K expenses

Bottom line

+40% surplus margin

Reported financial activity · FY2024

Total revenue

$35K

Pt VIII · Ln 12

Total expenses

$21K

Pt IX · Ln 25

Net assets

$14K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $14K

Where spending went · Part IX cols B–D

26%

74%

Program services $0.26 Management & general $0.74

Surplus margin

+40%

revenue over expenses, this year

Program spending

26%

of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total revenue

$35K

Pt VIII · Ln 12

Total expenses

$21K

Pt IX · Ln 25

Net assets

$14K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$14K

Total assetsPt X · Ln 16$14K

Program-expense ratioPt IX · col B26%

Voting members of governing bodyPt I · Ln 33

Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CSouthside Bingo LLC

EINHdr · item D99-4695798

Principal addressHdr · item CGraceville, FL

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MFL

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFpending

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a3

Independent voting membersPt VI · Ln 1b3

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Peggy Meredith

Officer

$0Pt VII · Sec A

Joseph Meredith

Officer

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $5K of program spending, described in the organization's own filed words · FY2024.

The purpose of the Corporation is to raise and distribute funds for the various volunteer groups in the local area

$5Kprogram expense

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Statement of Revenue

Part VIII

Other revenue100%$35K

Total revenueLn 12$35K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

26%

74%

Program services $0.26 Management & general $0.74

Program services26%$5K

Management & general74%$15K

Total functional expensesLn 25$21K

Balance Sheet

Part X · end of year

CashLn 1$14K

Total assetsLn 16$14K

Total liabilitiesLn 26$0

Total net assetsLn 32$14K

Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $14K · Operating expenses/yr $21K

8.1 months

Where the money goes

Program services

Program services $5K · Total expenses $21K

26%

Management & General

Management & general $15K · Total expenses $21K

74%

Fundraising

Fundraising $0 · Total expenses $21K

Cost to raise $1

Fundraising expense $0 · Solicited contributions $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $0 · Total revenue $35K

Government reliance

Government grants — · Total revenue $35K

—

Earned-income share

Program service revenue $0 · Total revenue $35K

Investment reliance

Investment income $0 · Total revenue $35K

Program self-sufficiency

Program service revenue $0 · Total expenses $21K

Growth & trend

Revenue growth (YoY)

This year $35K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $14K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $35K · Expenses $21K

+40%

Liabilities-to-Assets

Total liabilities — · Total assets $14K

—

Net-asset ratio

Net assets $14K · Total assets $14K

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Peggy Meredith · Reported title Officer · Highest reported compensation $0 · Total expenses $21K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $15K · Total expenses $21K

74%

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	26%	—	—
Overhead ratio	74%	—	—

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.

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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)$35K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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