Description of other revenue Part I line 8
“Description AmountOther income 7,750”
Southmount Foundation Inc
990EZ • Fiscal year 2023 • EIN 22-3146708
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Down$335,870
Down $15,674 (-4.5%) from 2022
Net Assets
Down$324,944
Down $19,462 (-5.7%) from 2022
Liabilities
Up$10,926
Up $3,788 (+53%) from 2022
Revenue And Expenses
Revenue
Down$112,561
Down $14,509 (-11%) from 2022
Expenses
Down$132,023
Down $3,246 (-2.4%) from 2022
Net Income
Down-$19,462
Down $11,263 (-137%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- May 15, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $112,561
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
| Description | Grants | Expenses |
|---|---|---|
| Education and character formation for approximatly 100 adult men. 70 teenage boys and 30 pre teenage boys | - | $132,022 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| John Coverdale | President | - | $0 | - | - |
| Ernesto Dolores | Treasurer | - | $0 | - | - |
| Justin Mahon | Secretary | - | $0 | - | - |
| Anthony McCarthy | Director | - | $0 | - | - |
| Donald Rasmusson | Director | - | $0 | - | - |
| Kevin Ward | Director | - | $0 | - | - |
| Wayne Paulter | Director | - | $0 | - | - |
| David OBrien | Director | - | $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 Coverdale
- Title
- President
- Phone
- 9737638397
- Signed
- 2024-05-15
- 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 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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| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
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| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherRevenueTotalAmt | 0 | 7750 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990EZ/TotalRevenueAmt | 0 | 112561 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 112562 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 119720 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountOther income 7,750 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountDepreciation from 4562 13,508Fees 676Communications 3,590Travel 16,712Conferences 4,918Food 17,396House Keeping Services 10,103Supplies 6,187 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearPrepaid Expenses 254 252 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearCredit Card Payable 7,138 10,926 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I response or note to any other line in Part I |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | John Coverdale |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9737638397 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOUTHMOUNT FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUT |
| ReturnHeader/Filer/EIN | 0 | 223146708 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 170 MONTROSE AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | South Orange |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07079 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 272505383 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DF OBrien & Co |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 124 Little Falls Rd - Unit C-2 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Fairfield |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07004 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8625051040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | David F OBrien CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-30T09:32:11-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $335,870
- Liabilities
- $10,926
- Net assets
- $324,944
- Revenue
- $112,561
- Expenses
- $132,023
- Net income
- -$19,462