Svgs Foundation is located in Reston, VA. The organization was established in 2018. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Svgs Foundation 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 12/2023, Svgs Foundation generated $38.6k in total revenue. All expenses for the organization totaled $10.7k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ANNUAL MERIT SCHOLARSHIP AWARD FOR 3 2021 AWARDEES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Bell President | 5 | $0 | |
Ian Davis Treasurer | 5 | $0 | |
Dejuan Tillman Vice President | 5 | $0 | |
Travis Covington Board Member | 5 | $0 | |
Mawutor Adamaley Board Member | 5 | $0 | |
Tyrell Snape Board Member | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,247 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,400 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$11,049 |
| Other Revenue | $0 |
| Total Revenue | $38,598 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,923 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,749 |
| Other expenses | $0 |
| Total expenses | $10,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,911 |
| Other assets | $0 |
| Total assets | $57,911 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,911 |