Nonprofit · EIN 88-3562666
SYLVER STRATEGIES INC
Tax-exempt · CHESAPEAKE, VA 23320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $210,000 | $202,854 | $7,146 | $33,095 | $0 | $33,095 |
| December 31, 2023 | 990-EZ | $189,499 | $163,550 | $25,949 | $25,949 | – | $25,949 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $210,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Program services (functional)
- $202,104
- Management and general (functional)
- $750
Balance sheet and other
- Total assets, start of year
- $25,949
- Total assets, end of year
- $33,095
- Total liabilities, end of year
- $0
- Net assets, end of year
- $33,095
- Net assets without donor restrictions
- $33,095
- Gross receipts
- $210,000
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- VA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BIBBS | BOARD CHAIR Officer | – | $0 |
| MARY BIBBS | DIRECTOR Officer | – | $0 |
| CAROL SIMS | TREASURER Officer | – | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY BIBBS | DIRECTOR | 10 | $0 |
| JAMES BIBBS | BOARD CHAIR | 10 | $0 |
| CAROL SIMS | TREASURER | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 821 REDLEAFE CIR, CHESAPEAKE, VA 23320-3216
- Mailing address (990-N for 2022)
- 821 REDLEAFE CIRCLE, CHESAPEAKE VA 23320
- Principal officer (990 for 2024)
- MARY BIBBS, 821 REDLEAFE CIRCLE, CHESAPEAKE, VA 23320
- Principal officer (990-N for 2022)
- MARY BIBBS, 821 REDLEAFE CIRCLE, CHESAPEAKE VA 23320
- Signed the 990
- MARY BIBBS, DIRECTOR
- Phone
- (757) 376-9825
- Website
- SYLVERSTRATEGIES.COM
- Return prepared by
- ROTHBART BARANEK & BARON LLC
Mission
TO PROVIDE RESOURCES, ASSISTANCE, SUPPORT AND MENTORSHIP PROGRAMS TO LOW INCOME MIDDLE AND HIGH SCHOOL STUDENTS AND THEIR FAMILIES WHO ARE IN AN AT-RISK ENVIRONMENT.
Program accomplishments
- TO PROVIDE RESOURCES, ASSISTANCE, SUPPORT AND MENTORSHIP TO LOW INCOME MIDDLE AND HIGH SCHOOL STUDENTS AND THEIR FAMILIES IN AN AT-RISK ENVIRONMENT.Expenses $202,104
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-3562666
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $33,095
- Income (IRS master file)
- $210,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $210,000 | $202,854 | $33,095 | XML |
| 990-EZ | December 2023 | $189,499 | $163,550 | $25,949 | XML |
| 990-N for 2022 Officer: MARY BIBBS | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-3562666).
Questions about SYLVER STRATEGIES INC
- What is the EIN of SYLVER STRATEGIES INC?
- The employer identification number (EIN) of SYLVER STRATEGIES INC is 88-3562666.
- Is SYLVER STRATEGIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SYLVER STRATEGIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SYLVER STRATEGIES 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 SYLVER STRATEGIES 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 SYLVER STRATEGIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SYLVER STRATEGIES INC?
- The 990 for the year ended December 31, 2024 names MARY BIBBS.
- Who are the officers and directors of SYLVER STRATEGIES INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SYLVER STRATEGIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $210,000, expenses of $202,854 and total assets of $33,095 at year end.
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