Overview
What is Social Development Foundation Inc?
The Social Development Foundation Inc, established in 2003, is a 501(C)(3) nonprofit organization located in Milwaukee, Wisconsin. It functions as a financial support system for the Community Relations - Social Development Commission (SDC), a community-action agency for Milwaukee County. The SDC manages over 20 programs that offer essential services and asset-building programs to low-income residents. The Foundation's primary role is to generate private-sector support, supplementing tax-based funding. This, in turn, expands programs, improves services, and increases community awareness of SDC's mission. The Foundation's activities include providing free tax preparation services, saving clients tax preparation fees, and generating tax refunds and credits. Alongside this, financial literacy workshops are conducted, resulting in clients opening bank accounts. The overall goal is to empower Milwaukee County residents to overcome poverty and achieve economic stability, thereby enhancing their quality of life.
Is Social Development Foundation Inc legitimate?
Social Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Development Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $22,520
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What is the mission statement of Social Development Foundation Inc?
The Social Development Foundation Inc, established in 2003, was established as a nonprofit organization with the sole purpose of providing financial support for the programs and initiatives of the Community Relations - Social Development Commission (SDC) in Milwaukee County. The foundation's vision is to generate private-sector support to supplement tax-based funding, leading to expanded programs, enhanced services, and a broader awareness of SDC's mission within the community. By doing so, Milwaukee County residents are empowered with the resources to move beyond poverty.
One of the foundation's key activities is the Asset Building program, which provides free tax preparation services to residents, helping them to secure tax refunds and tax credits while saving on tax preparation fees. Additionally, financial literacy workshops are conducted as part of this program, where participants open bank accounts, thereby promoting financial stability and independence. In essence, the mission of the Social Development Foundation Inc is to strengthen Milwaukee County by offering opportunities for low-income individuals to achieve economic stability and a positive quality of life.
Who is the CEO of Social Development Foundation Inc?
Alicia Smith-Mccants is the President of Social Development Foundation Inc.
What is the revenue of Social Development Foundation Inc?
Social Development Foundation Inc's revenue in 2022 was $436,057.
Who are the executives of Social Development Foundation Inc and what are their salaries?
There 170 volunteers at Social Development Foundation Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Social Development Foundation Inc?
Social Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Social Development Foundation Inc
Social Development Foundation Inc, established in 2003, was established as a 501(c)(3) nonprofit organization with a singular mission: to provide financial support for the programs and initiatives of the Community Relations - Social Development Commission (SDC) in Milwaukee County. The foundation's vision is to generate private-sector backing to supplement tax-based funding, thereby expanding programs, enhancing services, and increasing community awareness of SDC's mission. By doing so, the foundation empowers Milwaukee County residents with the necessary resources to surpass poverty and attain economic stability and a positive quality of life.
In line with its mission, the Social Development Foundation Inc focuses on asset-building programs. One of its key initiatives involves offering free tax preparation services to low-income residents, allowing them to file federal and state tax returns, secure tax refunds, and tax credits, and save on tax preparation fees. Additionally, the foundation conducts financial literacy workshops, where participants engage in sessions and open bank accounts, thereby equipping them with essential financial management skills. By supporting the SDC's programs, the Social Development Foundation Inc plays a crucial role in empowering the less fortunate in Milwaukee County, enabling them to attain a more stable and fulfilling life.
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Impact
October, 2024
Social Development Foundation Inc has significantly impacted the lives of low-income residents in Milwaukee County. Established in 2003, it works hand-in-hand with the Social Development Commission (SDC) to support over 20 vital programs aimed at enhancing the quality of life for individuals and families facing economic challenges.
The Foundation's initiatives focus on asset building, providing essential services such as free tax preparation. This service not only helps residents reclaim their rightful tax refunds and credits but also alleviates the financial burden of tax preparation costs. Additionally, the Foundation conducts financial literacy workshops that empower participants by enhancing their understanding of money management and encouraging them to open bank accounts, fostering long-term economic stability.
Through these efforts, the Social Development Foundation Inc plays a crucial role in promoting self-sufficiency and economic empowerment, helping residents of Milwaukee County move beyond poverty and achieve a positive quality of life.
This information is meant to be a general summary of Social Development Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$32,264
- Gross Receipts: $558,706
Assets and Liabilities:
- Total Assets: $731,275
- Total Liabilities: $408,215
- Net Assets: $323,060
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Organization Details
Founding Year
2003
Phone
(414) 906-2700Principal Officer
Alicia Smith-Mccants
Main Address
1730 W NORTH AVENUE, MILWAUKEE, WI, 53205
NTEE Category
Code: P11 - Human services
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