Serb National Federation
- Assets
- $53.7m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Pittsburgh, PA
- Founding
- 01/1986
- Data as of
- 12/2023
- EIN
- 25-0786950
Organization Overview
Serb National Federation is located in Pittsburgh, PA. The organization was established in 1986. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Serb National Federation employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Serb National Federation is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Serb National Federation generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $11.4m during the year ending 12/2023. While expenses have increased by 16.8% per year over the past 9 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
PROMOTE SERBIAN CULTURE, EDUCATION, RELIGION AND HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SERBIAN CULTURE, EDUCATION AND RELIGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Korach Director | Trustee | 0 | $0 |
Michael Milanovich Director | Trustee | 0 | $0 |
Steve Mrmak Director | Trustee | 0 | $0 |
Luke Petrovich Director | Trustee | 0 | $0 |
Robert Stone Director | Trustee | 0 | $0 |
Zoran Zlojutro Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,452,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,185,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $10,187,909 |
| Compensation of current officers, directors, key employees. | $1,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,147 |
| Pension plan accruals and contributions | $9,000 |
| Other employee benefits | $10,246 |
| Payroll taxes | $20,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $182,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,849 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,315 |
| Office expenses | $49,306 |
| Information technology | $65,532 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $53,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,932 |
| All other expenses | $0 |
| Total functional expenses | $11,443,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,072 |
| Savings and temporary cash investments | $269,207 |
| 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 | $293,350 |
| Investments—publicly traded securities | $52,222,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $877,456 |
| Total assets | $53,727,675 |
| Accounts payable and accrued expenses | $126,525 |
| 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 | $51,481,081 |
| Total liabilities | $51,607,606 |
| Net assets without donor restrictions | $0 |
| 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 | $2,120,069 |
| Total liabilities and net assets/fund balances | $53,727,675 |