Sb Works
- Assets
- $367.2k
- Revenue
- $574.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-3838493
Organization Overview
Sb Works is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sb Works employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sb Works is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sb Works generated $574.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $496.1k during the year ending 12/2021. While expenses have increased by 44.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENABLE ECONOMIC DEVELOPMENT AND JOB CREATION IN UNDERSERVED COMMUNITIES IN THE GREATER WASHINGTON DC AREA BY UTILIZING INNOVATIVE APPROACHES IN A BUSINESS TRAINING AND INCUBATION SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT UNDERSERVED COMMUNITIES WITH TRAINING ACCESS TO QUALIFIED CONSULTANTS TO AID IN THE GROWTH OF SMALL BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mains Executive Director | 40 | $79,104 | |
Tom Litke Program Manager | Officer | 40 | $31,250 |
Hannah Maka Program Assistant | Officer | 40 | $29,810 |
Chris Van Orden Economic Specialist | Officer | 20 | $24,998 |
Kyle Hafferman Program Assistanct | Officer | 10 | $2,100 |
Morgan Zehner Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $537,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $537,782 |
| Total Program Service Revenue | $37,008 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $574,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,949 |
| Advertising and promotion | $5,739 |
| Office expenses | $5,201 |
| Information technology | $3,421 |
| Royalties | $750 |
| Occupancy | $22,962 |
| Travel | $11 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,644 |
| Insurance | $3,191 |
| All other expenses | $0 |
| Total functional expenses | $496,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,423 |
| Savings and temporary cash investments | $300,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750 |
| Total assets | $367,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $25,000 |
| Net assets without donor restrictions | $342,219 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $367,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chpa Educational Foundation Washington, DC | $1,525,547 | $2,088,774 |
National Association Of Educational Procurement Inc Columbia, MD | $1,316,674 | $1,317,675 |
Hampton-Newport News Community Services Board Property Company Hampton, VA | $20,313,869 | $1,743,517 |
Self Storage Association Foundation Alexandria, VA | $6,163,793 | $2,330,620 |
American Bankers Association Community Engagement Foundation Washington, DC | $9,931,719 | $1,656,077 |
Nonprofit Village Center Inc Rockville, MD | $400,485 | $644,836 |
Sb Works Washington, DC | $367,219 | $574,807 |
Toolbank Usa Inc Richmond, VA | $421,989 | $439,803 |
Community Association Institute Research Foundation Falls Church, VA | $538,984 | $383,243 |
Alta Good Deeds Foundation Washington, DC | $561,120 | $335,395 |
Crn Foundation Washington, DC | $235,825 | $216,719 |
Friends Of@woodley Park Washington, DC | $0 | $0 |