Serv Foundation Inc
- Assets
- $3.9m
- Revenue
- $339.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ewing, NJ
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 22-3265546
Organization Overview
Serv Foundation Inc is located in Ewing, NJ. The organization was established in 1994. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Serv 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 06/2022, Serv Foundation Inc generated $339.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $510.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS IN SUPPORT OF THE SERV PROGRAMS, WHICH OPERATE THROUGH RELATED AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SERV FOUNDATION RAISES FUNDS TO PROVIDE INNOVATIVE PROGRAMS FOR INDIVIDUALS IN THE SERV BEHAVIORAL HEALTH SYSTEM'S FAMILY OF COMPANIES WHO STRUGGLE WITH DEBILITATING MENTAL ILLNESSES OR DEVELOPMENTAL DISABILITIES. BY CREATING PARTNERSHIPS WITH INDIVIDUALS AND ORGANIZATIONS, THE FOUNDATION DEVELOPS AWARENESS IN THE COMMUNITY AND PROVIDES FINANCIAL SUPPORT FOR EXCEPTIONAL PROGRAMS BENEFITING OUR CONSUMERS, THEIR FAMILIES AND THE COMMUNITY AT LARGE.THE SERV FOUNDATION SCHOLARSHIP FUND WAS ESTABLISHED IN 2004 TO PROVIDE TUITION AID TO SERV'S ADULT CONSUMERS WHO WOULD LIKE TO CONTINUE THEIR EDUCATIONAL GOALS BUT HAVE EXHAUSTED ALL SOURCES OF FINANCIAL AID. THE ANNUAL WELLNESS & DEVELOPMENT CONFERENCE WAS INITIATED BY THE SERV FOUNDATION IN 2002 TO SUPPORT SERV CONSUMERS AS THEY WORK TOWARD THEIR GOAL OF OVERALL WELLNESS. HOWEVER, THEY DID SPONSOR A VIRTUAL WELLNESS EVENT FOR SERV CONSUMERS AND STAFF TITLED "SELF-CARE IN THE PANDEMIC", FEATURING MOTIVATIONAL SPEAKER ANTHONY MCLEAN. DURING HIS PRESENTATION, MCLEAN DISCUSSED HOW TO COPE WITH STRESS AND ANXIETY AND TAKE CARE OF YOURSELF DURING THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Widdows President/ceo | OfficerTrustee | 2 | $0 |
Carolyn Mayo Director Of Communications | Officer | 2 | $0 |
Don Holford Thru 921 Chief Financial Officer | Officer | 2 | $0 |
Robert Rosvold Beg 921 Chief Financial Officer | Officer | 2 | $0 |
Andre Caldini Chair Person | OfficerTrustee | 5 | $0 |
Rich Diacont Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,874 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,364 |
| Total Program Service Revenue | $0 |
| Investment income | $83,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,228 |
| Net Gain/Loss on Asset Sales | $6,490 |
| Net Income from Fundraising Events | -$12,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,769 |
| Compensation of current officers, directors, key employees. | $2,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,962 |
| Fees for services: Management | $53,852 |
| Fees for services: Legal | $12 |
| Fees for services: Accounting | $3,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,284 |
| Fees for services: Other | $0 |
| Advertising and promotion | $884 |
| Office expenses | $32,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,578 |
| Travel | $870 |
| 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 | $13,481 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $510,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,103 |
| Savings and temporary cash investments | $56,555 |
| Pledges and grants receivable | $6,250 |
| Accounts receivable, net | $13,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $315,946 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,655 |
| Net Land, buildings, and equipment | $435,364 |
| Investments—publicly traded securities | $2,462,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,479 |
| Total assets | $3,886,562 |
| Accounts payable and accrued expenses | $164,438 |
| 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 | $0 |
| Total liabilities | $164,438 |
| Net assets without donor restrictions | $3,581,343 |
| Net assets with donor restrictions | $140,781 |
| 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 | $3,886,562 |
Grants Awarded
Over the last fiscal year, Serv Foundation Inc has awarded $36,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SERV CENTERS OF NEW JERSEY INC PURPOSE: FUNDING FOR PROPERTY RENOVATIONS TO CONSUMER HOUSING PROPERTY ON DEY ROAD | $11,988 |
SERV ACHIEVEMENT CENTERS INC PURPOSE: FUNDING FOR CONSUMER HOUSING DECK REPLACEMENT AT LOHLI DRIVE | $24,512 |