Nonprofit · EIN 26-3471054
SANKOFA COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · NEW ORLEANS, LA 70117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,789,117 | $1,681,156 | $107,961 | $3,085,092 | $478,496 | $2,606,596 |
| December 31, 2023 | 990 | $2,660,607 | $1,637,945 | $1,022,662 | $2,872,603 | $373,968 | $2,498,635 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,738,550
- of which government grants
- $856,323
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $50,567
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $137,292
- Other salaries and wages
- $382,676
- Salaries, compensation and benefits (total)
- $604,025
- Professional fundraising fees
- $0
- Legal fees
- $57,512
- Accounting fees
- $116,867
- Occupancy
- $19,910
- Depreciation
- $20,026
- Program services (functional)
- $737,787
- Management and general (functional)
- $846,810
- Fundraising (functional)
- $96,559
Balance sheet and other
- Total assets, start of year
- $2,872,603
- Total assets, end of year
- $3,085,092
- Total liabilities, end of year
- $478,496
- Net assets, end of year
- $2,606,596
- Land, buildings and equipment
- $2,134,500
- Net assets without donor restrictions
- $812,263
- Net assets with donor restrictions
- $1,794,333
- Gross receipts
- $1,789,117
- Employees
- 30
- Volunteers
- 247
- Year formed
- 2008
- State of legal domicile
- LA
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 |
|---|---|---|---|
| Rashida Ferdinand | CEO Key employee | 80 | $137,292 |
| Adonis Expose | Member Trustee or director | 2 | $0 |
| Terrance Taylor | Chairperson Trustee or director, Officer | 3 | $0 |
| Daniela Rivero | Treasurer Trustee or director, Officer | 3 | $0 |
| Molly Hegarty | Member Trustee or director | 2 | $0 |
| Melissa Lee | Member Trustee or director | 2 | $0 |
| Bernard Singleton | Member Trustee or director | 2 | $0 |
| Marlin Ford | Member Trustee or director | 2 | $0 |
| Marcia St Martin | Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rashida Ferdinand | CEO Key employee | 50 | $132,229 |
| Adonis Expose | Member Trustee or director | 2 | $0 |
| Terrance Taylor | Chairperson Trustee or director, Institutional trustee | 2 | $0 |
| Daniela Rivero | TreasurerTreasurer Trustee or director, Officer | 2 | $0 |
| Molly Hegarty | Member Trustee or director | 2 | $0 |
| Melissa Lee | Member Trustee or director | 2 | $0 |
| Bernard Singleton | Member Trustee or director | 2 | $0 |
| Marlin Ford | Member Trustee or director | 2 | $0 |
| Marcia St Martin | Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5200 DAUPHINE ST, NEW ORLEANS, LA 70117-3730
- In care of
- % RASHIDA FERDINAND
- Principal officer (990 for 2024)
- Rashida Ferdinand, 5200 Dauphine St, New Orleans, LA 70117
- Signed the 990
- Rashida Ferdinand, Executive Director
- Phone
- (504) 872-9214
- Website
- https://sankofanola.org
- Return prepared by
- VGR CPA LLC
Mission
At Sankofa Community Development Corporation, we believe health to be the cornerstone of a thriving community with safety, stability and overall viability. We are committed to sustainable, health-centered development to revitalize the Lower Ninth Ward area through the lens of environmental justice. Our community and economic development programs address those systemic problems that cause social and health disparities by building infrastructure that works with nature (rather than against it). We are creating simple solutions to real-world problems by building infrastructure to support a resilient community in the Lower Ninth Ward and a local environment that promotes positive health outcomes and builds healthier communities for generations to come.
Program accomplishments
- The Wetland Park & Nature Trail, is a cornerstone project within Sankofa CDC's ecosystem and resilience initiative that supports economic development in the Lower 9th Ward through the transformation of over 40 acres of blighted space into vibrant green infrastructure and restored ecological areas. Restoration activities that have occurred at the Wetland Park include the construction of bioretention ponds, extensive planting of native trees and plants, and installation of a permeable walking path. Sankofa CDC collaborates with K-8 schools to co-facilitate STEM education workshops at the Wetland Park that teach students the importance of wetlands habitat restoration and ignite their learning. The USDA People's garden at St Claude Ct and the pollinator garden on Tennessee St include Louisiana native plants to provide resources essential to climate resilience and the support of healthy ecosystems.Expenses $352,256
- The Fresh Start Market is a cornerstone project on St Claude Avenue within Sankofa CDC's commercial corridor revitalization initiative. The Fresh Start Market provides consistent access to locally sourced fresh produce and a teaching kitchen to help ensure all families have access to nutrient-rich food in a community facing significant food insecurity. The teaching kitchen is co-led by the Xavier University Health & Wellness Center and offers healthy cooking and nutrition education classes. The Fresh Start Market program also raises awareness of food system deficits and opportunities to advocate for effective policy and programs. Stakeholders will have the resources they need to shape public policy to improve equity, opportunity, and collaboration in our local food system by working with community partners, stakeholders and residents to increase food access and nutrition security.Expenses $177,777
- The Lower Ninth Ward Mainstreet Program aims to revitalize St. Claude Avenue into a vibrant commercial corridor by attracting economic development, promoting cultural richness, and uplifting future generations through sustainable investments, education, and equitable systems. The program will support the revitalization of the St Claude Ave corridor to foster opportunities for innovation, the development of a healthy and sustainable circular economy, and design elements that reflect the beauty and culture of the Lower Ninth Ward area. The program goals are to: 1) facilitate economic growth of the St. Claude Avenue corridor; 2) improve public perception of the St. Claude Ave corridor through projects and programs designed to elevate the built environment; 3) support community engagement, leadership, and thought partnership on Lower Ninth Ward Main Street priorities by working with community stakeholders to advocate for resources that support economic investment on St. Claude Ave corridor; and 4) utilize diverse marketing and outreach approaches to communicate L9W Main Street programs and priorities.Expenses $207,754
- Sankofa CDC's edible educational garden grows edible food with healthy eating programs.The garden grows foods representing local indigenous culture, work with community gardeners to offer growing spaces, and grow starter plants from seeds for planting. The edible educational garden is a continuation of Sankofa CDC's efforts to support healthy ecosystems as we offer progressive approaches to revitalize our community in a sustainable way. The garden programming includes family-centered community programming, bi-annual seed planting workshops, and giveaways of starter plants for community members to plant in the garden or their home backyard gardens.0
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 on file |
IRS record
- EIN
- 26-3471054
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $3,085,092
- Income (IRS master file)
- $1,789,117
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,789,117 | $1,681,156 | $3,085,092 | XML |
| 990 | December 2023 | $2,660,607 | $1,637,945 | $2,872,603 | XML |
| 990 | December 2022 | $2,224,859 | $2,095,169 | $1,812,718 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 26-3471054).
Questions about SANKOFA COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of SANKOFA COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SANKOFA COMMUNITY DEVELOPMENT CORPORATION is 26-3471054.
- Is SANKOFA COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SANKOFA COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SANKOFA COMMUNITY DEVELOPMENT CORPORATION 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 SANKOFA COMMUNITY DEVELOPMENT CORPORATION 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 SANKOFA COMMUNITY DEVELOPMENT CORPORATION 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 SANKOFA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Rashida Ferdinand.
- Who are the officers and directors of SANKOFA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $137,292 (Rashida Ferdinand, CEO).
- How much revenue does SANKOFA COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,789,117, expenses of $1,681,156 and total assets of $3,085,092 at year end.
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