SOUTHMONT FOUNDATION INC: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SOUTHMONT FOUNDATION INC (EIN 22-3146708)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202543219349209624
Schema version
2024v5.2
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

FieldValueIRS element (for citing)
Return2025-11-17T18:35:00-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN272505383PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DF O'BRIEN & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 LITTLE FALLS ROAD C-2AddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07004ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223146708EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOUTHMOUNT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone9737638397PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1170 MONTROSE AVENUEAddressLine1Txt
CitySOUTH ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07079ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDONALD RASMUSSONPersonNm
Person TitleEL PRESIDENTEPersonTitleTxt
Phone9737638397PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID F O'BRIENPreparerPersonNm
PTINP00166747PTIN
Phone8625051040PhoneNum
Preparation2025-11-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.SOUTHMONT.NETWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$132,353GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$113,983ContributionsGiftsGrantsEtcAmt
Program Service Revenue$11,170ProgramServiceRevenueAmt
Other Revenue Total$7,200OtherRevenueTotalAmt
Total Revenue$132,353TotalRevenueAmt
Occupancy Rent Utlts And Maint$63,793OccupancyRentUtltsAndMaintAmt
Other Expenses Total$59,677OtherExpensesTotalAmt
Total Expenses$123,470TotalExpensesAmt
Excess Or Deficit For Year$8,883ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$324,944NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$333,827NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$73,991BOYAmt
EOY$92,740EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$237,746BOYAmt
EOY$230,847EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$24,133BOYAmt
EOY$17,617EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$335,870BOYAmt
EOY$341,204EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,926BOYAmt
EOY$7,377EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$324,944BOYAmt
EOY$333,827EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeSOUTHMOUNT 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 S STRONG CHARACTER, FORMING TRUE FRIENDSHIPS AND LEARNINGS THE VALUE OF HARD WORK.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomEDUCATION AND CHARACTER FORMATION FOR APPROXIMATELY 100 ADULT MEN AND 70 TEENAGE BOYS AND 30 PRE TEENAGE BOYSDescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$110,055ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$110,055TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DONALD RASMUSSON
PRESIDENT1.00$0$0$0
ERNESTO DOLORES
TREASURER1.00$0$0$0
JUSTIN MAHON
SECRETARY1.00$0$0$0
JOHN COVERDALE
DIRECTOR0.00$0$0$0
DAVID O'BRIEN
DIRECTOR0.00$0$0$0
ANTHONY MCCARTHY
DIRECTOR0.00$0$0$0
KEVIN WARD
DIRECTOR0.00$0$0$0
WAYNE PAULTER
DIRECTOR0.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EDWIN DOLORESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1170 MONTROSE AVENUEAddressLine1Txt
CitySOUTH ORANGECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07079ZIPCd
FieldValueIRS element (for citing)
Phone9737638397PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$278,109CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$172,007CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$119,720CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$112,562CurrentTaxYearMinus1YearAmt
Current Tax Year$179,103CurrentTaxYearAmt
Total$861,501TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$278,109CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$172,007CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$119,720CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$112,562CurrentTaxYearMinus1YearAmt
Current Tax Year$179,103CurrentTaxYearAmt
Total$861,501TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$861,501PublicSupportTotal170Amt
Total Support$861,501TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: RENT. AMOUNT: 7,200.
FORM 990-EZ, PART I, LINE 14DESCRIPTION: DEPRECIATION. AMOUNT: 13,415. DESCRIPTION: OTHER EXPENSES. AMOUNT: 50,378. TOTAL TO FORM 990-EZ, LINE 14: 63,793.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: FEES. AMOUNT: 642. DESCRIPTION: COMMUNICATIONS. AMOUNT: 3,276. DESCRIPTION: TRAVEL. AMOUNT: 17,275. DESCRIPTION: CONFERENCES. AMOUNT: 300. DESCRIPTION: FOOD. AMOUNT: 10,668. DESCRIPTION: HOUSEKEEPING SERVICES. AMOUNT: 18,328. DESCRIPTION: SUPPLIES. AMOUNT: 9,188. TOTAL TO FORM 990-EZ, LINE 16: 59,677.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 252. END OF YEAR AMOUNT: 252. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 23,881. END OF YEAR AMOUNT: 17,365.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 10,926. END OF YEAR AMOUNT: 7,377.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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