Servicesource Foundation Inc
- Assets
- $16.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakton, VA
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 20-1438270
Organization Overview
Servicesource Foundation Inc is located in Oakton, VA. The organization was established in 2018. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Servicesource Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Servicesource Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Servicesource Foundation Inc has awarded 39 individual grants totaling $13,190,866. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING TO SUPPORT UNFUNDED OR UNDER-FUNDED PROGRAMS FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.THE SERVICESOURCE FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT WAS ESTABLISHED IN 2004 TO RAISE DONOR SUPPORT TO PROVIDE GAP FUNDING FOR CRITICAL PROGRAMS OF SERVICESOURCE, INC., AND ITS AFFILIATED ORGANIZATIONS (SERVICESOURCE). ALL SERVICESOURCE ORGANIZATIONS SHARE A COMMON MISSION TO FACILITATE SERVICES, RESOURCES, AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES. THE SERVICESOURCE FOUNDATION IS A SEPARATE 501(C)(3) ORGANIZATION GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES. NINETY-NINE (99) CENTS OF EVERY DOLLAR DONATED TO THE SERVICESOURCE FOUNDATION IS USED IN DIRECT SUPPORT OF THE PEOPLE AND PROGRAMS OF SERVICESOURCE. THE SERVICESOURCE FOUNDATION OFTEN PROVIDES START-UP FUNDING FOR NEW INITIATIVES AND/OR GAP FUNDING FOR UNFUNDED AND UNDER-FUNDED PROGRAMS. PROGRAMS FUNDEDTHE SERVICESOURCE FOUNDATION PROVIDES CRITICAL GAP FUNDING FOR UNDER-FUNDED OR UN-FUNDED PROGRAMS ACROSS ALL SERVICESOURCE REGIONAL OFFICES. DONORS MAY RESTRICT THEIR FUNDING TO SUPPORT PROGRAMS IN THEIR LOCAL COMMUNITY.IN FY 2023, MORE THAN $2,000,000 IN PROGRAM SUPPORT WAS ALLOCATED. PROGRAMS FUNDED INCLUDED THE FOLLOWING: - FAMILY SUPPORT SERVICES (ALL REGIONS) - CARE MANAGEMENT SERVICES (VA)- ELLMORE FARMHOUSE LTCIS (VA)- TRANSPORTATION SERVICES (ALL REGIONS)- LONG TERM COMMUNITY INTEGRATION SERVICES (VA AND NC) - BLOOM ARTISAN (VA, NC AND UT) - WARRIOR BRIDGE (NC AND FL) - DAY PROGRAMS (NC) - FINANCEABILITY (DE) - CUSTOMIZED EMPLOYMENT (UT) - HIGH SCHOOL/HIGH TECH (FL)- OPPORTUNITY CALLS CALL CENTER (FL) THE SERVICESOURCE FOUNDATION FUNDS PROGRAMS IN ALL FIVE SERVICESOURCE REGIONS, INCLUDING VIRGINIA, NORTH CAROLINA, DELAWARE, UTAH, AND FLORIDA. DONORS MAY DESIGNATE A GEOGRAPHIC REGION OR SPECIFIC PROGRAM WHEN MAKING DONATIONS TO THE SERVICESOURCE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Wardinski Chair | OfficerTrustee | 2 | $0 |
Michelle Lee Vice Chair | OfficerTrustee | 2 | $0 |
Nino R Vaghi Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Drfranklin Clark Trustee | Trustee | 2 | $0 |
Phoebe Craven Trustee | Trustee | 2 | $0 |
James L Francis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,860 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,517,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,548,761 |
| Total Program Service Revenue | $0 |
| Investment income | $277,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,825,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,135,303 |
| Grants and other assistance to domestic individuals. | $45,874 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,006 |
| Fees for services: Other | $3,499 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,213,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,665,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,654,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,319,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,164 |
| Total liabilities | $32,164 |
| Net assets without donor restrictions | $2,790,334 |
| Net assets with donor restrictions | $13,496,686 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,319,184 |
Grants Awarded
Over the last fiscal year, Servicesource Foundation Inc has awarded $1,119,989 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SERVICESOURCE INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF SERVICESOURCE, INC. | $695,306 |
ABILITIES INC OF FLORIDA PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF ABILITIES INC. OF FLORIDA. | $171,800 |
CENTRAL FAIRFAX SERVICES INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF CENTRAL FAIRFAX SERVICES, INC. | $135,500 |
EMPLOYMENT SOURCE INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF EMPLOYMENT SOURCE, INC. | $60,983 |
PARC COMMUNITY PARTNERSHIP FOUNDATION PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF PARC COMMUNITY PARTNERSHIP FOUNDATION | $30,000 |
OPPORTUNITY CENTER INC PURPOSE: CONTRIBUTION TO FURTHER SUPPORT THE PROGRAMS OF OPPORTUNITY CENTER, INC. | $26,400 |