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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 22-3146708

SOUTHMONT FOUNDATION INC

Tax-exempt · SOUTH ORANGE, NJ 07079

Financials

$113K$132K2023$132K$123K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHMONT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$132,353$123,470$8,883$341,204$7,377$333,827
December 31, 2023990-EZ$112,561$132,023-$19,462$335,870$10,926$324,944
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$113,983
Program service revenue
$11,170
Other revenue
$7,200

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$63,793
Other expenses
$59,677
Program services (functional)
$110,055

Balance sheet and other

Total assets, start of year
$335,870
Total assets, end of year
$341,204
Total liabilities, end of year
$7,377
Net assets, end of year
$333,827
Cash, savings and investments
$92,740
Land and buildings
$230,847
Gross receipts
$132,353

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DONALD RASMUSSONPRESIDENT1$0
ERNESTO DOLORESTREASURER1$0
JUSTIN MAHONSECRETARY1$0
JOHN COVERDALEDIRECTOR0$0
DAVID O'BRIENDIRECTOR0$0
ANTHONY MCCARTHYDIRECTOR0$0
KEVIN WARDDIRECTOR0$0
WAYNE PAULTERDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
John CoverdalePresident0$0
Ernesto DoloresTreasurer0$0
Justin MahonSecretary0$0
Anthony McCarthyDirector0$0
Donald RasmussonDirector0$0
Kevin WardDirector0$0
Wayne PaulterDirector0$0
David OBrienDirector0$0

Address and contacts

Address (IRS master file)
170 MONTROSE AVE, SOUTH ORANGE, NJ 07079-2415
Signed the 990-EZ
DONALD RASMUSSON, EL PRESIDENTE
Phone
(973) 763-8397
Return prepared by
DF O'BRIEN & CO

Mission

SOUTHMOUNT 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 S STRONG CHARACTER, FORMING TRUE FRIENDSHIPS AND LEARNINGS THE VALUE OF HARD WORK.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • EDUCATION AND CHARACTER FORMATION FOR APPROXIMATELY 100 ADULT MEN AND 70 TEENAGE BOYS AND 30 PRE TEENAGE BOYS
    Expenses $110,055

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for SOUTHMONT FOUNDATION INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
22-3146708
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20Z)
Assets (IRS master file)
$341,204
Income (IRS master file)
$132,353

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$132,353$123,470$341,204IRS
990-EZDecember 2023$112,561$132,023$335,870XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3146708).

Questions about SOUTHMONT FOUNDATION INC

What is the EIN of SOUTHMONT FOUNDATION INC?
The employer identification number (EIN) of SOUTHMONT FOUNDATION INC is 22-3146708.
Is SOUTHMONT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to SOUTHMONT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHMONT FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTHMONT FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHMONT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of SOUTHMONT FOUNDATION INC?
The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does SOUTHMONT FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $132,353, expenses of $123,470 and total assets of $341,204 at year end.

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