Civic Intelligence

Southmount Foundation Inc

990 • Fiscal year 2018 • EIN 22-3146708

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization Profilewww.southmont.net
170 Montrose AvenueSouth Orange, NJ 07079

(973) 763-8397

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Net Margin

46th percentile

2.3%

Higher net margin than 46% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Asset Growth

47th percentile

1.2%

Faster asset growth than 47% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

58%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$482,210

Up $5,859 (+1.2%) from 2017

Net Assets

Up

$481,678

Up $7,562 (+1.6%) from 2017

Liabilities

Down

$532

Down $1,703 (-76%) from 2017

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin46th percentile

Revenue

Up

$331,640

Up $121,489 (+58%) from 2017

Expenses

Up

$324,078

Up $141,633 (+78%) from 2017

Net Income

Down

$7,562

Down $20,144 (-73%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $367,631Net Assets 2010: $367,6312010Assets 2011: $343,026Net Assets 2011: $343,0262011Assets 2012: $317,507Net Assets 2012: $317,5072012Assets 2013: $305,848Net Assets 2013: $305,8482013Assets 2014: $290,544Liabilities 2014: $0Net Assets 2014: $290,5442014Assets 2015: $344,961Liabilities 2015: $0Net Assets 2015: $344,9612015Assets 2016: $446,410Liabilities 2016: $0Net Assets 2016: $446,4102016Assets 2017: $476,351Liabilities 2017: $2,235Net Assets 2017: $474,1162017Assets 2018: $482,210Liabilities 2018: $532Net Assets 2018: $481,6782018Assets 2019: $505,677Liabilities 2019: $9,059Net Assets 2019: $496,6182019Assets 2020: $515,593Liabilities 2020: $23,676Net Assets 2020: $491,9172020Assets 2021: $359,502Liabilities 2021: $6,897Net Assets 2021: $352,6052021Assets 2022: $351,544Liabilities 2022: $7,138Net Assets 2022: $344,4062022Assets 2023: $335,870Liabilities 2023: $10,926Net Assets 2023: $324,9442023Assets 2024: $341,204Liabilities 2024: $7,377Net Assets 2024: $333,8272024

Highlighted filing

2018

Assets$482,210
Liabilities$532
Net Assets$481,678
Open 2018 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2010: $100,866Expenses 2010: $100,194Net Income 2010: $6722010Revenue 2011: $76,069Expenses 2011: $100,674Net Income 2011: -$24,6052011Revenue 2012: $77,490Expenses 2012: $103,009Net Income 2012: -$25,5192012Revenue 2013: $89,104Expenses 2013: $100,763Net Income 2013: -$11,6592013Revenue 2014: $99,253Expenses 2014: $114,557Net Income 2014: -$15,3042014Revenue 2015: $157,305Expenses 2015: $102,888Net Income 2015: $54,4172015Revenue 2016: $205,217Expenses 2016: $103,768Net Income 2016: $101,4492016Revenue 2017: $210,151Expenses 2017: $182,445Net Income 2017: $27,7062017Revenue 2018: $331,640Expenses 2018: $324,078Net Income 2018: $7,5622018Revenue 2019: $304,749Expenses 2019: $289,809Net Income 2019: $14,9402019Revenue 2020: $278,110Expenses 2020: $282,811Net Income 2020: -$4,7012020Revenue 2021: $146,547Expenses 2021: $205,455Net Income 2021: -$58,9082021Revenue 2022: $127,070Expenses 2022: $135,269Net Income 2022: -$8,1992022Revenue 2023: $112,561Expenses 2023: $132,023Net Income 2023: -$19,4622023Revenue 2024: $132,353Expenses 2024: $123,470Net Income 2024: $8,8832024

Highlighted filing

2018

Revenue$331,640
Expenses$324,078
Net Income$7,562
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$331,640
Mission and Program Overview

Mission

Southmont Foundation Inc. helps young men to 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 hard work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$372,066$375,767▲ $3,701
Cash and Non-Interest-Bearing Accounts$104,285$106,443▲ $2,158
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$476,351$482,210▲ $5,859
Other Assets Total-$0-
Liabilities
Other Liabilities$2,235$532▼ $1,703
Total Liabilities$2,235$532▼ $1,703
Net Assets / Fund Balance
Unrestricted Net Assets$474,116$481,678▲ $7,562
Total Net Assets Fund Balance$474,116$481,678▲ $7,562
Total Liabilities and Net Assets / Fund Balance$476,351$482,210▲ $5,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,910$519,585$586,495
Leasehold Improvements$190,657$18,343$209,000
Land$100,000-$100,000
Other Land Buildings$17,868$6,943$24,811
Equipment$332$719$1,051
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John F CoverdalePresident
Anthony MccarthyDirector
Donald RasmussonDirector
Ernesto F DoloresDirector
Justin MahonDirector
Terence J GallagherDirector
JAMES M O'KANESecretary
DAVID F O'BRIENTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vancourt INCStaffing80 LYNCROFT ROAD, New Rochelle, NY 10804$101,952
Revenue and Support

Revenue Composition

Contributions and Grants
$126,349
Program Service Revenue
$205,291
Investment Income
$0
Other Revenue
$0
All Other Contributions
$126,349
Change in Net Assets
$7,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$323,053
Grants and Similar Amounts Paid$1,025
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$67,101--$67,101
Depreciation Depletion$21,328--$21,328
Conferences and Meetings$10,799--$10,799
Other Expenses$2,891--$2,891
Travel$2,261--$2,261
Insurance$1,832--$1,832
Grants to Domestic Orgs$1,025--$1,025
Fees for Services Management$695--$695
All Other Expenses$81--$81
Total Functional Expenses$324,078$0$0$324,078
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$532
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Review and concur transmitted via email”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Southmont Foundation Inc
EIN
22-3146708
Phone
9737638397
Address
170 MONTROSE AVENUE, SOUTH ORANGE, NJ 07079

Signing Officer

Name
John F Coverdale
Title
President
Signed
2019-11-15

Organization Details

Principal Officer
John F Coverdale
Formed
1991
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0133545
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0181945
IRS990/PYOtherRevenueAmt06003
IRS990/PYProgramServiceRevenueAmt070603
IRS990/PYRevenuesLessExpensesAmt027706
IRS990/PYTotalExpensesAmt0182445
IRS990/PYTotalRevenueAmt0210151
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07562
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0205291
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0331640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0198025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0148195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt092719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0974727
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.94110
IRS990ScheduleA/PublicSupportTotal170Amt0974727
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0331640
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0198025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0148195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt092719
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0974727
IRS990ScheduleA/TotalSupportAmt0974727
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt066910
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0519585
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0586495
IRS990ScheduleD/EquipmentGrp/BookValueAmt0332
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0719
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01051
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0190657
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018343
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0209000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017868
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06943
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0375767
IRS990ScheduleD/TotalLiabilityAmt0532
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Review and concur transmitted via email
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0482210
IRS990/TotalAssetsGrp/BOYAmt0476351
IRS990/TotalAssetsGrp/EOYAmt0482210
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0126349
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0324078
IRS990/TotalFunctionalExpensesGrp/TotalAmt0324078
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02235
IRS990/TotalLiabilitiesEOYAmt0532
IRS990/TotalLiabilitiesGrp/BOYAmt02235
IRS990/TotalLiabilitiesGrp/EOYAmt0532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0474116
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0481678
IRS990/TotalProgramServiceExpensesAmt0324078
IRS990/TotalProgramServiceRevenueAmt0205291
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0205291
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331640
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0476351
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0482210
IRS990/TravelGrp/ProgramServicesAmt02261
IRS990/TravelGrp/TotalAmt02261
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0474116
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0481678
IRS990/USAddress/AddressLine1Txt0170 MONTROSE AVENUE
IRS990/USAddress/CityNm0SOUTH ORANGE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007079

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$482,210
Liabilities
$532
Net assets
$481,678
Revenue
$331,640
Expenses
$324,078
Net income
$7,562
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.41$0.07$3.34$1.32$1.23$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.11$3.25$1.13$1.32$0.19
2022Detailed filing. Detailed filing data is available for this year.$3.52$0.07$3.44$1.27$1.35$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.60$0.07$3.53$1.47$2.05$0.59
2020Detailed filing. Detailed filing data is available for this year.$5.16$0.24$4.92$2.78$2.83$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.06$0.09$4.97$3.05$2.90$0.15
2018Detailed filing. Detailed filing data is available for this year.$4.82$0.01$4.82$3.32$3.24$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.76$0.02$4.74$2.10$1.82$0.28
2016Detailed filing. Detailed filing data is available for this year.$4.46$0.00$4.46$2.05$1.04$1.01
2015Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$1.57$1.03$0.54
2014Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$0.99$1.15$0.15
2013Detailed filing. Detailed filing data is available for this year.$3.06$3.06$0.89$1.01$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$3.18$0.77$1.03$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$3.43$0.76$1.01$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$3.68$1.01$1.00$0.01