Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 58-2409301

SOUTHERN PARTNERS FUND INC

Also known as SOUTH TOWER

Tax-exempt · ATLANTA, GA 30364

Financials

$7.4M$3.7M2023$3.5M$5M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHERN PARTNERS FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,526,632$4,989,215-$1,462,583$24,386,045$239,682$24,146,363
December 31, 2023990$7,416,810$3,699,274$3,717,536$25,523,608$389,789$25,133,819
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,465,986
Program service revenue
$0
Investment income
$1,060,646
Net gain from sales of assets
$431,524
Other revenue
$0

Expenses

Grants and similar amounts paid
$3,289,154
Compensation of officers, directors and key employees
$463,914
Other salaries and wages
$301,101
Salaries, compensation and benefits (total)
$982,100
Professional fundraising fees
$0
Accounting fees
$27,499
Occupancy
$55,645
Travel
$19,044
Depreciation
$12,976
Program services (functional)
$4,301,321
Management and general (functional)
$373,780
Fundraising (functional)
$314,114

Balance sheet and other

Total assets, start of year
$25,523,608
Total assets, end of year
$24,386,045
Total liabilities, end of year
$239,682
Net assets, end of year
$24,146,363
Land, buildings and equipment
$16,448
Publicly traded securities
$19,204,974
Net assets without donor restrictions
$17,636,491
Net assets with donor restrictions
$6,509,872
Gross receipts
$8,406,187
Employees
7
Volunteers
25
Year formed
1998
State of legal domicile
GA

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.

NameTitleHours / weekCompensationOther / benefits
FERNANDO CUEVAS JRExecutive Dir.
Officer
40$184,976$63,900
DAPHNE SAETHANGCFO
Officer
40$94,204$59,083
DIANNA FREELON-FOSTERChairman
Trustee or director, Officer
10$9,250$0
KAREN WATSONDirector
Trustee or director
10$7,500$0
BRETT BURSEYDirector
Trustee or director
10$7,500$0
SHAQ COSSEDirector
Trustee or director
10$7,500$0
JOHN LITTLESDirector
Trustee or director
10$7,500$0
MARGARITA ROMOSecretary
Trustee or director, Officer
10$7,500$0
ERIN DALE-MCCLELLANTreasurer
Trustee or director, Officer
10$7,500$0
TIRSO MORENOVICE CHAIRMAN
Trustee or director, Officer
10$7,500$0
NADESKA CONCHADirector
Trustee or director
10$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
FERNANDO CUEVAS JRExecutive Dir.
Officer
40$180,025$57,471
DAPHNE SAETHANGCFO
Officer
40$98,066$52,237
ANTOINE SMITHPROGRAM OFFICER
Officer
40$77,627$48,177
CAROLYN FORDDirector
Trustee or director
10$11,500$0
TIRSO MORENODirector
Trustee or director
10$9,000$0
GARDENIA WHITEDirector
Trustee or director
10$9,000$0
KAREN WATSONDirector
Trustee or director
10$8,750$0
MARGARITA ROMODirector
Trustee or director
10$7,500$0
BRETT BURSEYDirector
Trustee or director
10$7,500$0
ERIN DALE-MCCLELLANTreasurer
Trustee or director, Officer
10$7,500$0
SHAQ COSSEDirector
Trustee or director
10$7,500$0
DIANNA FREELON-FOSTERChairman
Trustee or director, Officer
10$7,500$0
JOHN LITTLESDirector
Trustee or director
10$5,000$0

Address and contacts

Address (IRS master file)
PO BOX 90160, ATLANTA, GA 30364-0160
Signed the 990
FERNANDO CUEVAS JR, Executive Director
Phone
(404) 541-9091
Return prepared by
FULTON & KOZAK LLC

Mission

SOUTHERN PARTNERS FUND IS A FOUNDATION CREATED TO SERVE SOUTHERN COMMUNITIES AND ORGANIZATIONS SEEKING SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE BY PROVIDING THEM WITH FINANCIAL RESOURCES, TECHNICAL ASSISTANCE AND TRAINING, AND ACCESS TO SYSTEMS OF INFORMATION AND EMPOWERMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, SOUTHERN PARTNERS FUND AWARDED $3,289,154 GRANTS TO 72 NON-PROFIT ORGANIZATIONS LOCATED IN OUR 12 STATE FUNDING REGION.
    Expenses $3,289,154 · grants $3,289,154
  • RAISING RESOURCES IN THE RURAL SOUTH: SOUTHERN PARTNERS FUND SUCCESSFULLY PROVIDED CAPACITY BUILDING TRAINING TO ORGANIZATIONS LOCATED WITHIN OUR 12 STATE FUNDING REGION. THE FOCUS OF THIS INITIATIVE WAS TO INCREASE GRASSROOTS ORGANIZATIONS ABILITY TO RAISE FUNDS USING INNOVATIVE STRATEGIES SUCH AS CROWD FUNDING AND INCREASED SOCIAL MEDIA ACCESS.
    Expenses $644,047
  • SPF LAUNCHED THE SOCIAL JUSTICE INSTITUTE (SJI) AS A LEADERSHIP DEVELOPMENT ANDCAPACITY BUILDING PROGRAM TO ENHANCE THE SUSTAINABILITY OF GRANTEE GROUPS AND OTHERGRASSROOTS ORGANIZATIONS COMMITTED TO SOCIAL JUSTICE IN THE SOUTH. SJIS FRAMEWORKINCORPORATES GRANTMAKING, ORGANIZATIONAL DEVELOPMENT, YOUTH LEADERSHIP DEVELOPMENT,CULTURE AND THE ARTS. SJI PROMOTES KNOWLEDGE BUILDING, BEST PRACTICES INORGANIZATIONAL MANAGEMENT, AND COLLECTIVE UNDERSTANDING OF CURRENT AND HISTORICHUMAN RIGHTS ISSUES IN THE SOUTH. SJI HAS SEVERAL COMPONENTS:- PEER-TO-PEER COACHING AND NETWORKING- EXECUTIVE COACHING- ONE-ON-ONE ORGANIZATIONAL ASSESSMENTS- CONSULTING FOR SELECT COMMUNITY-BASED ORGANIZATIONS- REGIONAL WORKSHOPS ACROSS THE SOUTHEAST- TWO-DAY EXPERIENTIAL TRAININGS TWICE PER YEARA SIGNIFICANT BRANCH OF SJI IS THE YOUNG LEADERS FOR SOCIAL CHANGE (YLSC) FELLOWSHIPTHAT SUSTAINS THE RACIAL AND ECONOMIC JUSTICE MOVEMENT THAT REQUIRES THE CONTINUEDSUPPORT AND CULTIVATION OF OUR FUTURE LEADERS. YLSC WAS DESIGNED TO HELP INDIVIDUALSAGED 18-TO-35 TO BECOME MORE GROUNDED AND EFFECTIVE LEADERS. THIS PROGRAM IS ANOPPORTUNITY FOR THESE INDIVIDUALS TO ENHANCE THEIR LEADERSHIP SKILLS, LEARN NEWSKILLS, AND APPLY SAID SKILLS IN THEIR RESPECTIVE COMMUNITIES.
    Expenses $310,279
  • AT LEAST 80% OF SPFS MEMBERSHIP MUST BE DERIVED FROM LEADERS OF CURRENTLY ORPREVIOUSLY FUNDED GRASSROOTS ORGANIZATIONS AND REPRESENT DIVERSE ISSUES ANDEXPERIENCE. SERVING IN FIVE-YEAR TERMS, SPFS MEMBERSHIP IS CONSTANTLY EVOLVINGTHANKS TO THE BOARD AND MEMBERSHIPS COMMITMENT TO NOMINATING POTENTIAL CANDIDATESWHOSE WORK AND VALUES ALIGN WITH THOSE OF THE FOUNDATION. THEY MEET AT LEAST TWICE AYEAR AND SERVE ON COMMITTEES, INCLUDING GRANTMAKING POLICY AND GRANTS DECISIONS,FINANCE AND INVESTMENTS, AND ARE ACTIVELY INVOLVED IN THE ORGANIZATION. MEMBERSHIPIS AN INTEGRAL PIECE OF SPFS DEMOCRATIC PHILANTHROPY. THE MEMBERSHIP SERVES AS ALEADERSHIP POOL FROM WHICH SPFS BOARD IS ELECTED, AND ENSURES THAT OPERATING,GRANTMAKING AND PROGRAM DECISIONS REFLECT THE PERSPECTIVE OF RURAL SOUTHERNGRASSROOTS ORGANIZATIONS. ANNUAL MEMBERSHIP MEETING OPPORTUNITY OF SPF TO GATHERTOGETHER RURAL ORGANIZERS AND ORGANIZATIONS TO VOCALIZE THE WORK OR ISSUESPREVAILING IN THEIR COMMUNITIES, RECEIVE TECHNICAL ASSISTANCE OR TRAINING THAT WILLIMPROVE THEIR LEADERSHIP ABILITIES, AND OFFER GROUNDING STRATEGIES THAT WILLDETERMINE AND GUIDE THE INVESTMENTS MADE BY THE FOUNDATION.
    Expenses $57,841

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-2409301
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P80)
Assets (IRS master file)
$24,386,045
Income (IRS master file)
$8,406,187

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,526,632$4,989,215$24,386,045XML
990December 2023$7,416,810$3,699,274$25,523,608XML
990December 2022$2,134,554$3,290,615$20,097,875IRS
990December 2021–––IRS
990December 2020–––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 58-2409301).

Questions about SOUTHERN PARTNERS FUND INC

What is the EIN of SOUTHERN PARTNERS FUND INC?
The employer identification number (EIN) of SOUTHERN PARTNERS FUND INC is 58-2409301.
Is SOUTHERN PARTNERS FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to SOUTHERN PARTNERS FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHERN PARTNERS FUND 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 SOUTHERN PARTNERS FUND 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 SOUTHERN PARTNERS FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of SOUTHERN PARTNERS FUND INC?
The 990 for the year ended December 31, 2024 lists 11 people; 10 received compensation from the organization, the highest $184,976 (FERNANDO CUEVAS JR, Executive Dir.).
How much revenue does SOUTHERN PARTNERS FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,526,632, expenses of $4,989,215 and total assets of $24,386,045 at year end.

Other nonprofits in ATLANTA

All nonprofits in ATLANTA · Georgia · Human services