EIN 92-2728672

SBCS Qalicb

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2023
Most recent tax filings
2023-06-01
Description
SBCS Qalicb assists individuals in achieving lives of self-fulfillment and reinforces the role of families in the community. It was created to perform functions and purposes of various charitable organizations that provide services and programs to children, youth, and families. The organization is located in Chula Vista, CA.
Related structure
SBCS Qalicb is a subordinate organization under SBCS Corporation (SBCS).
Total revenues
$1,922,759
2023
2023$1.6m$1.8m$2m
Total expenses
$34,181
2023
2023$0$20k$40k
Total assets
$33,924,497
2023
2023$34m$34m$34m
Num. employees
0
2023
202300.51

Program areas at SBCS Qalicb

SBCS QALICB was established in February 2023 to perform the functions of, and/or to carry out the purposes of, certain specified charitable organizations the primary purpose of which are to provide children, youth and families with services and programs which reinforce the familys role in our community and which assist individuals to aspire realistically to lives of self-fulfillment, which are organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3) of the Code.SBCS is constructing a new facility to lease the property as a qualified active low-income community business (the Project). Funding for the Project was secured from multiple sources and the funders required that a separate corporation hold the land and the building. Therefore, SBS QALICB was formed in 2023, to be operated at all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of SBCS. In 2023, SBCS QALICB acquired the land and building from SBCS at the financial closing date of May 4, 2023. Construction of the Project is expected to be completed during the year ended June 30, 2024.Construction of the new facility constitutes a qualified active low-income community business defined in Section 45D of the Internal Revenue Code of 1986, as amended (the Code) and was financed with qualified low-income community investment loans from CCP NMTC SUB-CDE XXI, LLC and Catalyst CDE-28, LLC and generated New Market Tax Credit financing.

Who funds SBCS Qalicb

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
SBCS Corporation (SBCS)Programs$1,922,759

Financials for SBCS Qalicb

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,922,759
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,922,759

Form 990s for SBCS Qalicb

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
Data update history
July 10, 2024
Used new vendors
Identified 1 new vendor, including
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $1,922,759 from SBCS Corporation (SBCS)
Nonprofit Types
Grantmaking organizationsYouth service charitiesHousing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesChildrenHousing
Characteristics
Funds one specific organizationState / local levelTax deductible donationsNo full-time employees
General information
Address
430 F St
Chula Vista, CA 91910
Metro area
San Diego-Chula Vista-Carlsbad, CA
County
San Diego County, CA
Phone
(619) 420-3620
IRS details
EIN
92-2728672
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2023
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L11: Housing and Shelter Single Organization Support
NAICS code, primary
624110: Child and Youth Services
Parent/child status
Subordinate organization
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