Nonprofit · EIN 68-0558032
SBC DEVELOPMENT CORPORATION INC
Tax-exempt (reinstated) · INDIANAPOLIS, IN 46222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,683,892 | $1,594,205 | $89,687 | $568,217 | $26,334 | $541,883 |
| December 31, 2023 | 990 | $1,143,289 | $1,263,884 | -$120,595 | $537,254 | $81,177 | $456,077 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $127,378
- Program service revenue
- $1,556,325
- Investment income
- $189
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $388,750
- Compensation of officers, directors and key employees
- $62,440
- Other salaries and wages
- $563,097
- Salaries, compensation and benefits (total)
- $735,321
- Professional fundraising fees
- $0
- Legal fees
- $1,683
- Accounting fees
- $1,350
- Occupancy
- $133,898
- Travel
- $51,523
- Depreciation
- $33,834
- Program services (functional)
- $1,316,379
- Management and general (functional)
- $277,710
- Fundraising (functional)
- $116
Balance sheet and other
- Total assets, start of year
- $537,254
- Total assets, end of year
- $568,217
- Total liabilities, end of year
- $26,334
- Net assets, end of year
- $541,883
- Land, buildings and equipment
- $350,088
- Net assets without donor restrictions
- $541,883
- Gross receipts
- $1,683,892
- Employees
- 41
- Year formed
- 2003
- State of legal domicile
- IN
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| David Greene Sr | President Trustee or director, Officer | 1 | $0 | $81,733 | $66,197 |
| Ashley Hogue | Treasurer Officer | 40 | $62,440 | $0 | $0 |
| James Byers | Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Helen Dullen | Director Trustee or director | 1 | $0 | $0 | $0 |
| Joe Sanders | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ernestine Woodson | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID GREENE SR | PRESIDENT Trustee or director, Officer | 1 | $0 | $71,725 | $63,000 |
| ASHLEY HOGUE | TREASURER Officer | 40 | $57,190 | $0 | $0 |
| JAMES BYERS | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HELEN DULLEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERNESTINE WOODSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3705 KESSLER BLVD N D, INDIANAPOLIS, IN 46222-5800
- In care of
- % DAVID W GREENE SR
- Principal officer (990 for 2024)
- David Green Sr
- Signed the 990
- David Green Sr, President
- Phone
- (317) 925-0335
- Website
- polaindy.com
- Return prepared by
- ChurchShield LLC
Mission
The mission of the corporation is to provide charitable, societal improvement, health awareness, recreational and community outreach programs, housing rehabilitation, housing development, activities and seminars.
Program accomplishments
- The Corporation runs a street-based homeless outreach program where a team of individuals provides meals, clothing, blankets and emergency assistance to homeless persons on the street. SBCDC also provides a youth ministry program which includes Summer Camp and provides youths with cultural enrichment activities, arts & crafts, mathematics, science, drama, dance, reading, employment and training, conflict resolution, and a safe environment with loving, nuturing role models. They also provide a health and wellness ministry, The Ark of Healthy Living, which includes members trained in how to conduct HIV/AIDS outreach services. The services include education, seminars, screening, support, and counseling to families whose loved ones are infected with the virus, and providing information and referral services. SBC also provides a support service ministry for recovering alcohol and drug addicts. Referrals and professional counseling are also provided as an intervention strategy.Expenses $1,316,379 · grants $388,750 · revenue $1,556,325
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
- 68-0558032
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $568,217
- Income (IRS master file)
- $1,683,892
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 21, 2019
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,683,892 | $1,594,205 | $568,217 | IRS |
| 990 | December 2023 | $1,143,289 | $1,263,884 | $537,254 | XML |
| 990 | December 2022 | $1,527,552 | $1,201,603 | $625,179 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 68-0558032).
Questions about SBC DEVELOPMENT CORPORATION INC
- What is the EIN of SBC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of SBC DEVELOPMENT CORPORATION INC is 68-0558032.
- Is SBC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to SBC DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SBC DEVELOPMENT CORPORATION 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 SBC DEVELOPMENT CORPORATION 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 SBC DEVELOPMENT CORPORATION INC 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 SBC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names David Green Sr.
- Who are the officers and directors of SBC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization.
- How much revenue does SBC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,683,892, expenses of $1,594,205 and total assets of $568,217 at year end.
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