Serving Our Children Inc
- Assets
- $998.5k
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 06/2007
- Data as of
- 09/2023
- EIN
- 20-8874570
Organization Overview
Serving Our Children Inc is located in Washington, DC. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 09/2023, Serving Our Children Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serving Our Children 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 09/2023, Serving Our Children Inc generated $20.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $20.1m during the year ending 09/2023. While expenses have increased by 2.6% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING OUR CHILDREN (SOC) IS THE ADMINISTRATOR OF THE D.C. OPPORTUNITY SCHOLARSHIP PROGRAM (OSP). THE OSP PROGRAM OFFERS SCHOLARSHIPS TO LOW-INCOME K-12 STUDENTS IN THE DISTRICT OF COLUMBIA TO ATTEND A PARTICIPATING PRIVATE SCHOOL IN THE DISTRICT OF COLUMBIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOC PROCESSED 3,339 APPLICATIONS FOR ENROLLMENT IN THE OPPORTUNITY SCHOLARSHIP PROGRAM FOR THE SCHOOL YEAR ENDING 30 JUNE 2023. SOC REVIEWS EACH APPLICATION TO DETERMINE IF THE INCOME AND RESIDENCY REQUIREMENTS ARE MET. ULTIMATELY, 1,674 STUDENTS WERE AWARDED SCHOLARSHIPS, ACCEPTED AT A PARTICIPATING PRIVATE SCHOOL OF THEIR CHOOSING, AND USED THEIR SCHOLARSHIP DURING THE SCHOOL YEAR. DURING THIS REPORTING PERIOD, THE MAXIMUM SCHOLARSHIP AMOUNT PERMITTED UNDER THE AUTHORIZING LAW WAS $10,204 FOR GRADES K THROUGH 8, AND $15,307 FOR GRADES 9 THROUGH 12.
SERVING OUR CHILDREN SERVES A VERY LOW-INCOME POPULATION. SOC RECOGNIZED THAT FOR MANY OF OUR PARENTS, THE APPLICATION FEE TO SCHOOLS CAN PRESENT A BARRIER TO APPLYING TO MULTIPLE SCHOOLS. SOC HAS DESIRED THAT OUR PARENTS WOULD APPLY TO MULTIPLE SCHOOLS IN ORDER TO FIND THE BEST SCHOOL POSSIBLE FOR THEIR CHILD. TO ENCOURAGE MORE APPLICATIONS FROM OUR FAMILIES, SOC SUBSIDIZES UP TO FIVE APPLICATIONS PER STUDENT, PER YEAR, AS WELL AS ALL REQUIRED TESTING AND EVALUATIONS THAT OUR SCHOOLS MAY REQUIRE FOR ACCEPTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Sotsky Executive Director | Officer | 35 | $128,088 |
Robert Uyttebroek Mgr, Finance & Operations (end 2/23) | Officer | 35 | $125,355 |
Kevin Mills Mgr, Family & Community Engagement | 35 | $122,676 | |
Kevin P Chavous President & Chairman Of The Board | OfficerTrustee | 0.5 | $0 |
Donald Hense Treasurer | OfficerTrustee | 0.25 | $0 |
Emmanuel S Bailey Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,111,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,124,566 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $20,124,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,796,927 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,252 |
| Compensation of current officers, directors, key employees. | $172,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,569 |
| Pension plan accruals and contributions | $20,576 |
| Other employee benefits | $13,274 |
| Payroll taxes | $66,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,470 |
| Fees for services: Accounting | $146,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,025 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,177 |
| Advertising and promotion | $32,405 |
| Office expenses | $31,348 |
| Information technology | $62,368 |
| Royalties | $0 |
| Occupancy | $172,868 |
| Travel | $694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,555 |
| All other expenses | $0 |
| Total functional expenses | $20,113,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,182 |
| 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 | $42,576 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $551,666 |
| Total assets | $998,510 |
| Accounts payable and accrued expenses | $64,868 |
| Grants payable | $0 |
| Deferred revenue | $333,187 |
| 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 | $613,648 |
| Total liabilities | $1,011,703 |
| Net assets without donor restrictions | -$13,193 |
| Net assets with donor restrictions | $0 |
| 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 | $998,510 |