Civic Intelligence

South of Market Foundation DBA Urban Solutions

EIN 94-3158182 • 501(c)3 • San Francisco, CA

Profile

South of Market Foundation (Urban Solutions) was incorporated on May 9, 1992 in the State of California. South of Market Foundation's (Urban Solutions) mission is to foster the well-being of disadvantaged communities by helping to increase neighborhood commercial vitality, strengthen small businesses, create jobs and encourage diversity, and promote sustainability.

PO Box 156764San Francisco, CA 94115

www.urbansolutionssf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2018

Top Officer Pay

83rd percentile

$5,824

Higher top officer pay than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $397,892 (-100%) from 2017

Liabilities

Down

$0

Down $11,250 (-100%) from 2017

Net Assets

Down

$0

Down $386,642 (-100%) from 2017

Revenue

Down

$0

Down $642,046 (-100%) from 2017

Expenses

Down

$386,642

Down $517,240 (-57%) from 2017

Net Income

Down

-$386,642

Down $124,806 (-48%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $892,196Liabilities 2011: $41,160Net Assets 2011: $851,0362011Assets 2012: $829,384Liabilities 2012: $41,547Net Assets 2012: $787,8372012Assets 2013: $795,653Liabilities 2013: $41,431Net Assets 2013: $754,2222013Assets 2014: $787,958Liabilities 2014: $46,992Net Assets 2014: $740,9662014Assets 2015: $789,209Liabilities 2015: $48,156Net Assets 2015: $741,0532015Assets 2016: $720,856Liabilities 2016: $80,214Net Assets 2016: $640,6422016Assets 2017: $397,892Liabilities 2017: $11,250Net Assets 2017: $386,6422017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $944,372Expenses 2011: $1,077,042Net Income 2011: -$132,6702011Revenue 2012: $825,988Expenses 2012: $889,187Net Income 2012: -$63,1992012Revenue 2013: $846,671Expenses 2013: $880,286Net Income 2013: -$33,6152013Revenue 2014: $846,254Expenses 2014: $859,510Net Income 2014: -$13,2562014Revenue 2015: $998,926Expenses 2015: $998,839Net Income 2015: $872015Revenue 2016: $898,411Expenses 2016: $990,822Net Income 2016: -$92,4112016Revenue 2017: $642,046Expenses 2017: $903,882Net Income 2017: -$261,8362017Revenue 2018: $0Expenses 2018: $386,642Net Income 2018: -$386,6422018

Highlighted filing

2018

Revenue$0
Expenses$386,642
Net Income-$386,642

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 20, 2018
Return Version
2017v2.2
Gross Receipts
$0
Mission and Program Overview

Mission

South of Market Foundation (Urban Solutions) was incorporated on May 9, 1992 in the State of California. South of Market Foundation's (Urban Solutions) mission is to foster the well-being of disadvantaged communities by helping to increase neighborhood commercial vitality, strengthen small businesses, create jobs and encourage diversity, and promote sustainability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$397,892$0▼ $397,892
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$397,892$0▼ $397,892
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,250--
Total Liabilities$11,250$0▼ $11,250
Net Assets / Fund Balance
Unrestricted Net Assets$386,642--
Total Net Assets Fund Balance$386,642$0▼ $386,642
Total Liabilities and Net Assets / Fund Balance$397,892$0▼ $397,892

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$43,988$43,988
Other Land Buildings-$17,149$17,149
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa ZahnerActing E.D.FT$5,824$5,824

Board Members and Trustees

NameTitle
Katy MattesBoard Chair
Jerry BecerraBoard Member
Marty SmithBoard Member
Natalie WilsonBoard Member
Paula MattisonsierraBoard Member
Rena FischerBoard Member
Steve McCoy-ThompsonBoard Member
Mark RennieSecretary
Christoph LohmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-386,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$358,997
Other Expenses$21,821
Salaries, Compensation, and Employee Benefits$5,824
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$358,997--$358,997
Fees for Services Legal-$7,369-$7,369
Fees for Services Accounting-$6,130-$6,130
Current Officers, Directors, Trustees, and Key Employees-$5,824-$5,824
Insurance-$1,182-$1,182
Office Expenses-$276-$276
Other Expenses-$60-$60
All Other Expenses-$-1,060-$-1,060
Total Functional Expenses$358,997$27,645$0$386,642
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SF Made IncSan Francisco, CA-To carry on the mission of SMFUS$196,497
Kiva MicrofundsSan Francisco, CA-To carry on the mission of SMFUS$82,500
SF Architectural HeritageSan Francisco, CA-To carry on the mission of SMFUS$50,000
Central Market Community BeneSan Francisco, CA-To carry on the mission of SMFUS$30,000
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

The Finance Committee of the Board of Directors will meet to review and approve the Form 990 and will communicate to the full Board any issues regarding the Form 990 prior to filing. If there are no issues, Urban Solutions will make the 990 available to the full Board of Directors at the time of filing. The means of delivery shall be via e-mail to each director's e-mail address.A board resolution is not required in order for the Form 990 to be filed.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board of Directors will annually evaluate the Executive Director of the organization. This discussion will occur without the presence of the Executive Director. When the Board has come to a consensus regarding the Executive Director's performance, a similar discussion will be held concerning compensation relative to his/her performance and established goals and objectives.The salary survey published by Northern California Grantmakers may be used to benchmark compensation for the position.

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

Financial Statements and government Contracts are available upon request; available in our offices, we comply with the San Francisco's Sunshine Ordinance

Filing and Contact Details

Filer

Filer Name
South of Market Foundation
EIN
94-3158182
Phone
4155534433
Address
PO Box 156764, San Francisco, CA 94115

Signing Officer

Name
Christoph Lohmann
Title
Treasurer
Signed
2018-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Lamorena & Chang CPA
Address
22 BATTERY ST STE 412, SAN FRANCISCO, CA 94111
Preparer
Steven Chang
Phone
4157818441
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To carry on the mission of SMFUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To carry on the mission of SMFUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To carry on the mission of SMFUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To carry on the mission of SMFUS
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SF Made Inc
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt330000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
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