SOUTHMONT FOUNDATION INC: Form 990EZ, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHMONT FOUNDATION INC (EIN 22-3146708)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-30
- IRS object ID
- 202433359349200103
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-30T09:32:11-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 272505383 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DF OBrien & Co | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 Little Falls Rd - Unit C-2 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223146708 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHMOUNT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 170 MONTROSE AVENUE | AddressLine1Txt |
| City | South Orange | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07079 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Coverdale | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 9737638397 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | David F OBrien CPA | PreparerPersonNm |
| PTIN | P00166747 | PTIN |
| Phone | 8625051040 | PhoneNum |
| Preparation | 2024-11-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | www.southmont.net | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $112,561 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $93,903 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $10,908 | ProgramServiceRevenueAmt |
| Other Revenue Total | $7,750 | OtherRevenueTotalAmt |
| Total Revenue | $112,561 | TotalRevenueAmt |
| Occupancy Rent Utlts And Maint | $58,933 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $73,090 | OtherExpensesTotalAmt |
| Total Expenses | $132,023 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$19,462 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $344,406 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $324,944 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,434 | BOYAmt |
| EOY | $73,991 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,856 | BOYAmt |
| EOY | $261,627 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254 | BOYAmt |
| EOY | $252 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,544 | BOYAmt |
| EOY | $335,870 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,138 | BOYAmt |
| EOY | $10,926 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $344,406 | BOYAmt |
| EOY | $324,944 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | See schedule O | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | Education and character formation for approximatly 100 adult men. 70 teenage boys and 30 pre teenage boys | DescriptionProgramSrvcAccomTxt |
| Program Service Expenses | $132,022 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $132,022 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| John Coverdale | ||||
| President | 0.00 | $0 | $0 | $0 |
| Ernesto Dolores | ||||
| Treasurer | 0.00 | $0 | $0 | $0 |
| Justin Mahon | ||||
| Secretary | 0.00 | $0 | $0 | $0 |
| Anthony McCarthy | ||||
| Director | 0.00 | $0 | $0 | $0 |
| Donald Rasmusson | ||||
| Director | 0.00 | $0 | $0 | $0 |
| Kevin Ward | ||||
| Director | 0.00 | $0 | $0 | $0 |
| Wayne Paulter | ||||
| Director | 0.00 | $0 | $0 | $0 |
| David OBrien | ||||
| Director | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Coverdale | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 170 Montrose Ave | AddressLine1Txt |
| City | South Orange | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07079 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9737638397 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $304,753 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $278,109 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,007 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $119,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $112,562 | CurrentTaxYearAmt |
| Total | $987,151 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $304,753 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $278,109 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,007 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $119,720 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $112,562 | CurrentTaxYearAmt |
| Total | $987,151 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $70,257 | SubstantialContributorsTotAmt |
| Public Support Total170 | $916,894 | PublicSupportTotal170Amt |
| Total Support | $987,151 | TotalSupportAmt |
| Public Support CY170 | 0.92880 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Description of other revenue Part I line 8 | Description AmountOther income 7,750 |
| Description of other expenses Part I line 16 | Description AmountDepreciation from 4562 13,508Fees 676Communications 3,590Travel 16,712Conferences 4,918Food 17,396House Keeping Services 10,103Supplies 6,187 |
| Description of other assets Part II line 24 | Category Beginning of Year End of YearPrepaid Expenses 254 252 |
| Description of total liabilities Part II line 26 | Category Beginning of Year End of YearCredit Card Payable 7,138 10,926 |
| Part I response or note to any other line in Part I | Form 990-EZ, Part III, Organizations primary exempt purpose.Southmont Foundation Inc. Helps young men develop the values, skills, and attitudes necessary to be effective in college and later on as fathers, professionals, and citizens. Its activities put a particular emphasis on developing a strong character, forming true friendships and learning the value of hardwork. |
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