SOUTHOLD CENTER FOR EDUCATION INC

EIN: 351992726 501(c)(3) Religion

SOUTH BEND, IN

Total Revenue
$437,708
Total Expenses
$141,402
Total Assets
$1,528,630
Net Assets
$1,528,630
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IN
Principal Officer
TERESA QUERCIAGROSSA
Phone
5742178263
Tax Period
2023-01-01 to 2023-12-31

SOUTHOLD CENTER FOR EDUCATION INC, founded in 2013, is a small nonprofit in the Religion sector that reported $438K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $296K, a strong 68% operating margin.

Mission

ENRICHING THE LIVES OF WOMEN AND GIRLS THROUGH PROGRAMS AND ACTIVITIESFOCUSED ON HUMAN, CULTURAL, INTELLECTUAL, PROFESSIONAL AND FAITHDEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $94,663 Revenue: $80,070

IN 2023, SOUTHOLD DEDICATED ITS PROGRAMS AND INITIATIVES TO THE PROFESSIONAL AND FAITH DEVELOPMENT OF COLLEGE WOMEN, YOUNG MOTHERS, AND PROFESSIONAL WOMEN IN SOUTH BEND. UNTIL NOVEMBER 2021, OUR...

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IN 2023, SOUTHOLD DEDICATED ITS PROGRAMS AND INITIATIVES TO THE PROFESSIONAL AND FAITH DEVELOPMENT OF COLLEGE WOMEN, YOUNG MOTHERS, AND PROFESSIONAL WOMEN IN SOUTH BEND. UNTIL NOVEMBER 2021, OUR ACTIVITIES WERE MAINLY HELD AT 1432 SOUTH BEND AVE. WE THEN MOVED TO A NEWER CENTER, LARGER AND MORE ACCOMMODATING TO THE MAINLY PROGRAMS WE SUPPORT. EVERY WEDNESDAY AND ONCE PER MONTH ON TUESDAYS AND WEDNESDAYS, SOUTHOLD'S STAFF CONTINUED TO HOLD STUDY GROUPS FOR EACH OF THE DIFFERENT AGE GROUPS. THESE STUDY GROUPS HAD A SPECIAL EMPHASIS ON DISCOVERING WHAT IT MEANS TO PRACTICE ONE'S CHRISTIAN FAITH WITHIN THE ORDINARY ACTIVITIES OF EVERYDAY LIFE. THESE STUDY GROUPS WERE FOLLOWED BY INDIVIDUAL MENTORING IN WHICH EACH PARTICIPANT COULD CHOOSE TO SPEAK WITH ONE OF THE STUDY GROUP LEADERS ABOUT HOW TO LIVE ONE'S FAITH IN THEIR PARTICULAR CIRCUMSTANCES. FOR COLLEGE WOMEN, SOUTHOLD PROVIDED WEEKLY CULTURAL DINNERS AND GET-TOGETHERS FOR A GROUP OF 15-20 COLLEGE STUDENTS. SOUTHOLD ALSO EXPANDED ITS OUTREACH TO MOTHERS OF GROWING FAMILIES IN THE SOUTH BEND AREA TO OFFER THEM INSPIRATION AND ENCOURAGEMENT IN THEIR WORK OF BUILDING A FAMILY CULTURE; TO DEVELOP SKILLS RELATED TO HOME MANAGEMENT AND OTHER CREATIVE WORK; AND TO FOSTER FRIENDSHIPS AND PERSONAL GROWTH. THERE ARE CURRENTLY OVER 40 MOTHERS AND YOUNG PROFESSIONAL WOMEN WHO HAVE PARTICIPATED IN ONE-DAY RETREATS, AND 16 MONTHLY DAYS OF RECOLLECTION. ONCE A MONTH, 40 GRADE SCHOOL GIRLS TAKE PART IN A CLUB THAT EMPHASIZES CHARACTER DEVELOPMENT AND FRIENDSHIP WITH THEIR PEERS. WITH OVER TWENTY YEARS OF BEING IN SOUTH BEND, SOUTHOLD HAS SINCE PROVIDED RESOURCES FOR MANY WOMEN IN THE AREA WHO SEEK TO INTEGRATE BOTH CORE HUMAN VIRTUES AND SPIRITUAL VALUES INTO THEIR PROFESSIONAL WORK, FRIENDSHIPS, AND HOME LIFE. EVERY YEAR, SOUTHOLD HAS THE CHANCE TO INVITE MANY OF ITS ALUMNAE, FAMILY AND FRIENDS TO ITS ANNUAL PICNIC IN THE FALL, WHICH BRINGS OVER 100 PEOPLE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $357,638
Program Service Revenue $79,793
Investment Income $0
Other Revenue $277
TOTAL REVENUE $437,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,961
Fundraising Expenses $191
Program Expenses $94,663
Other Expenses $128,441
TOTAL EXPENSES $141,402

Year-over-Year Comparison

2023 2022 Change
Revenue $437,708 $1,201,090 -0.6%
Expenses $141,402 $142,709 0.0%
Net Income $296,306 $1,058,381 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELEN KEEFE DIRECTOR 5.00
Director
$0 $0 $0
JACKIE HERRICK BOARD MEMBER 2.00
Director
$0 $0 $0
MARY KEYS BOARD MEMBER 2.00
Director
$0 $0 $0
CATHY KUSTNER SECRETARY 2.00
Officer Director
$0 $0 $0
LAURA ROMAN TREASURER 2.00
Officer Director
$0 $0 $0
MARY DALY KORSON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TERESA QUERCIAGROSSA PRESIDENT 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $437,708 $141,402 $1,528,630 $296,306
2022 $1,201,090 $142,709 $1,232,324 $1,058,381
2021 $152,944 $118,560 $1,173,943 $34,384
2018 $203,615 $77,617 $170,962 $125,998
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