Nonprofit · EIN 92-2728672
SBCS QALICB
Tax-exempt · CHULA VISTA, CA 91910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $852,890 | $103,311 | $749,579 | $34,650,590 | $32,127,659 | $2,522,931 |
| June 30, 2024 | 990 | $0 | $115,226 | -$115,226 | $35,209,826 | $33,436,474 | $1,773,352 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $852,890
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $103,311
Balance sheet and other
- Total assets, start of year
- $35,209,826
- Total assets, end of year
- $34,650,590
- Total liabilities, end of year
- $32,127,659
- Net assets, end of year
- $2,522,931
- Net assets without donor restrictions
- $2,522,931
- Gross receipts
- $852,890
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2023
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN LEMBO | Chair Trustee or director, Officer | 1 | $0 | $488,252 | $58,274 |
| ELIZABETH INIGUEZ | Treasurer Trustee or director, Officer | 1 | $0 | $194,502 | $28,975 |
| LARISSA BACON | Secretary Trustee or director, Officer | 1 | $0 | $158,863 | $25,082 |
| MARY SALAS | Director Trustee or director | 1 | $0 | $0 | $0 |
| LISA CUESTAS | Director Trustee or director | 1 | $0 | $0 | $0 |
| FRANKIE ESCOBEDO | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN LEMBO | Chair Trustee or director, Officer | 1 | $0 | $366,735 | $59,939 |
| ELIZABETH INIGUEZ | Treasurer Trustee or director, Officer | 1 | $0 | $185,555 | $27,619 |
| LARISSA BACON | Secretary Trustee or director, Officer | 1 | $0 | $161,074 | $21,586 |
| MARY SALAS | Director Trustee or director | 1 | $0 | $0 | $0 |
| LISA CUESTAS | Director Trustee or director | 1 | $0 | $0 | $0 |
| FRANKIE ESCOBEDO | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 430 F ST, CHULA VISTA, CA 91910-3711
- In care of
- % CEO
- Principal officer (990 for 2024)
- KATHRYN LEMBO, 430 F ST, CHULA VISTA, CA 91910
- Signed the 990
- KATHRYN LEMBO, CEO
- Phone
- (619) 420-3620
- Return prepared by
- Leaf & Cole LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 92-2728672 or by the name SBCS QALICB.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To provide children, youth and families with services and programs which reinforce the familys role in our community and which assist individuals to aspire realistically to lives of self-fulfillment.
Program accomplishments
- SBCS QALICB was established in February 2023 to perform the functions of, and/or to carry out the purposes of, certain specified charitable organizations the primary purpose of which are to provide children, youth and families with services and programs which reinforce the familys role in our community and which assist individuals to aspire realistically to lives of self-fulfillment, which are organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3) of the Code.SBCS is constructing a new facility to lease the property as a qualified active low-income community business (the Project). Funding for the Project was secured from multiple sources and the funders required that a separate corporation hold the land and the building. Therefore, SBS QALICB was formed in 2023, to be operatedat all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of SBCS. In 2023, SBCS QALICB acquired the land and building from SBCS at the financial closing date of May 4, 2023. Construction of the Project was completed in August 2025.Construction of the new facility constitutes a qualified active low-income Community business defined in Section 45D of the Internal Revenue Code of 1986, as amended (the Code), and was financed with qualified low-income community investment loans from CCP NMTC SUB-CDE XXI, LLC and Catalyst CDE-28, LLC and generated New Market Tax Credit financing.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2728672
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $34,650,590
- Income (IRS master file)
- $852,890
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $852,890 | $103,311 | $34,650,590 | XML |
| 990 | June 2024 | $0 | $115,226 | $35,209,826 | IRS |
| 990 | June 2023 | $1,922,759 | $34,181 | $33,924,497 | 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 92-2728672).
Questions about SBCS QALICB
- What is the EIN of SBCS QALICB?
- The employer identification number (EIN) of SBCS QALICB is 92-2728672.
- Is SBCS QALICB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to SBCS QALICB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SBCS QALICB 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 SBCS QALICB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SBCS QALICB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SBCS QALICB?
- The 990 for the year ended June 30, 2025 names KATHRYN LEMBO.
- Who are the officers and directors of SBCS QALICB?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does SBCS QALICB have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $852,890, expenses of $103,311 and total assets of $34,650,590 at year end.
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All nonprofits in CHULA VISTA · California · Housing and shelter