Civic Intelligence

Southmount Foundation Inc

990EZ • Fiscal year 2021 • EIN 22-3146708

Jan 01, 2021 to Dec 31, 2021 • Filed on May 10, 2022

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

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.05x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

13th percentile

-40%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

13th percentile

-30%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-47%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$359,502

Down $156,091 (-30%) from 2020

Net Assets

Down

$352,605

Down $139,312 (-28%) from 2020

Liabilities

Down

$6,897

Down $16,779 (-71%) from 2020

Revenue

Down

$146,547

Down $131,563 (-47%) from 2020

Expenses

Down

$205,455

Down $77,356 (-27%) from 2020

Net Income

Down

-$58,908

Down $54,207 (-1153%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$359,502
Liabilities$6,897
Net Assets$352,605

Operations Trend

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

2021

Revenue$146,547
Expenses$205,455
Net Income-$58,908
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 10, 2022
Return Version
2021v4.2
Gross Receipts
$146,547
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.

See schedule O

Program Services

DescriptionGrantsExpenses
Education and character formation for approximatly 100 adult men. 70 teenage boys and 30 pre teenage boys$26,000$159,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John CoverdalePresident-$0--
Ernesto DoloresTreasurer-$0--
Justin MahonSecretary-$0--
Anthony McCarthyDirector-$0--
Donald RasmussonDirector-$0--
Kevin WardDirector-$0--
Wayne PaulterDirector-$0--
David OBrienDirector-$0--
Filing and Contact Details

Filer

Filer Name
Southmount Foundation Inc
EIN
22-3146708
Address
170 MONTROSE AVENUE, South Orange, NJ 07079

Signing Officer

Name
John F Coverdale
Title
President
Phone
9737638397
Signed
2022-05-10
Discuss with paid preparer
Yes

Preparer

Firm
DF OBrien & Co
Address
124 Little Falls Rd - Unit C-2, Fairfield, NJ 07004
Preparer
David F OBrien CPA
Phone
8625051040
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountOther income 5,517

List of grants and similar amounts paid Part I line 10

Activity Donation to other charitable organizations Grantee Crawford Founation Inc Street 99 Overlook Circle City, State, Zip New Rochelle, NY 10804Amount 26,000

Description of other expenses Part I line 16

Description AmountDepreciation from 4562 19,620Fees 729Communications 2,210Travel 11,066Conferences 3,185Insurance Directors and Officers 2,241Reimbursed expenses (1,235)Food 31,756House Keeping Services 52,228Supplies 6,851

Other changes in net assets or fund balances Part I line 20

Description Amountaccumulated allowable depreciation (80,404)

Description of other assets Part II line 24

Category Beginning of Year End of YearPrepaid Expenses 60 239

Description of total liabilities Part II line 26

Category Beginning of Year End of YearTotal Liabilities 23,676 6,897

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.

Raw XML Appendix185 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountOther income 5,517
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Donation to other charitable organizations Grantee Crawford Founation Inc Street 99 Overlook Circle City, State, Zip New Rochelle, NY 10804Amount 26,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountDepreciation from 4562 19,620Fees 729Communications 2,210Travel 11,066Conferences 3,185Insurance Directors and Officers 2,241Reimbursed expenses (1,235)Food 31,756House Keeping Services 52,228Supplies 6,851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description Amountaccumulated allowable depreciation (80,404)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearPrepaid Expenses 60 239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Category Beginning of Year End of YearTotal Liabilities 23,676 6,897
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I response or note to any other line in Part I
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ReturnHeader/Filer/EIN0223146708
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ReturnHeader/Filer/USAddress/ZIPCd007079
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David F OBrien CPA
ReturnHeader/ReturnTs02022-11-15T11:37:34-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0John
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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