Civic Intelligence

Sb7 Support Foundation Inc.

990EZ • Fiscal year 2020 • EIN 84-4509016

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2022

806 Cherry Hill RoadBaltimore, MD 21225

(410) 589-6141

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $8,239,563Liabilities 2022: $0Net Assets 2022: $8,239,5632022Assets 2023: $7,981,392Liabilities 2023: $0Net Assets 2023: $7,981,3922023Assets 2024: $7,451,420Liabilities 2024: $0Net Assets 2024: $7,451,4202024

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2022: $107,623Expenses 2022: $866,041Net Income 2022: -$758,4182022Revenue 2023: $624,856Expenses 2023: $883,026Net Income 2023: -$258,1702023Revenue 2024: $1,019,266Expenses 2024: $1,549,238Net Income 2024: -$529,9722024

Latest loaded filing

2024

Revenue$1,019,266
Expenses$1,549,238
Net Income-$529,972
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2022
Return Version
2020v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

Sb7 support foundation, inc. (the ''foundation''), a maryland non-profit corporation, is formed as a type i supporting organization under section 509(a)(3) of the internal revenue code. The foundation is a supporting organization to sb7 coalition, inc., a 501(c)(3) public charity (''sb7''), that controls the foundation. The foundation is organized and shall be operated exclusively for charitable, educational, scientific and literary purposes within the meaning of section 501(c)(3) of the internal revenue code (the ''code'').the foundation will operate to raise and steward foundations for programs and charities supported by sb7 coalition, inc. ("sb7"), including raising and investing an endowment for the benefit of sb7 and those charities sb7 supports. The foundation's board of directors, officers and staff (all currently shared with sb7) will direct the foundation's activities and operations.

Program Services

DescriptionGrantsExpenses
SB7 SUPPORTS THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS AND LITERARY PROGRAMS AND ORGANIZATIONS IN THE PORT COVINGTON COMMUNITY OF BALTIMORE AND THE SIX (6) COMMUNITIES AROUND PORT COVINGTON: BROOKLYN, CHERRY HILL, CURTIS BAY, LAKELAND, MT. WINANS AND WESTPORT. THE FOUNDATION MAY MAKE GRANTS DIRECTLY TO ORGANIZATIONS WITHIN THE CLASS OF CHARITABLE BENEFICIARIES SB7 SUPPORTS, BUT IT IS ANTICIPATED THE SUBSTANTIAL MAJORITY OF GRANTS WILL BE MADE DIRECTLY TO SB7 AS THE SUPPORTED ENTITY.THE FOUNDATION DOES NOT ANTICIPATE MAKING MANY GRANTS TO ENTITIES OTHER THAN SB7 AND, THEREFORE, DOES NOT PLAN AT THIS TIME TO HAVE WRITTEN CONTRACTS WITH RECIPIENTS OR REQUIRING ANY SPECIFIC FORM OF APPLICATION OR GRANT PROPOSAL. WHEN THE FOUNDATION DOES MAKE A GRANT TO AN ORGANIZATION OTHER THAN SB7, THE BOARD WILL REQUIRE THAT THE POTENTIAL GRANTEE ESTABLISH IT IS STILL IN GOOD STANDING WITH ITS STATE OF INCORPORATION AND THE IRS AND WILL VERIFY TAX-EXEMPTION USING THE IRS EXEMPT ORGANIZATION BUSINESS MASTER FILE AND/OR PUBLICATION 78, AS WELL AS REVIEW OTHER INFORMATION AND MATERIAL. ACCORDINGLY, ALTHOUGH THE FOUNDATION DOES NOT ANTICIPATE REQUIRING POTENTIAL RECIPIENTS TO COMPLETE A SPECIFIC APPLICATION FORM, THE FOUNDATION WILL OBTAIN SUFFICIENT EVIDENCE TO VERIFY THAT THE POTENTIAL RECIPIENTS ARE ELIGIBLE FOR GRANTS. THE FOUNDATION'S RECORDS WILL DEMONSTRATE ITS GRANT RECIPIENTS' INTENDED USE OF THE GRANT FOR A SECTION 501(C)(3) PURPOSE AND WILL INCLUDE SUCH ITEMS AS: A COMPLETE DESCRIPTION OF THE GRANT; THE PURPOSE FOR WHICH THE GRANT IS GIVEN; THE NAME, ADDRESS, AND AMOUNT DISTRIBUTED TO EACH RECIPIENT; AND ANY RELATIONSHIP BETWEEN A RECIPIENT AND OFFICERS OR DIRECTORS OF THE FOUNDATION.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL MIDDLETONPresident/Chairman-$0--
JAMES ALSTONCo-Chair-$0--
DIANE INGRAMTreasurer-$0--
MARC BROADYSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Sb7 Support Foundation Inc
EIN
84-4509016
Phone
4105896141
Address
806 CHERRY HILL ROAD, BALTIMORE, MD 21225

Signing Officer

Name
Marc Broady
Title
Secretary
Phone
4105896141
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Rosen Sapperstein & Friedlander LLC
Address
405 YORK ROAD, TOWSON, MD 21204
Preparer
Robert C Kase CPA
Phone
4105810800
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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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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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.
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