Serb National Federation
- Assets
- $50.4m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Pittsburgh, PA
- Founding
- 01/1986
- Data as of
- 12/2021
- 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 12/2021, Serb National Federation employed 10 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 12/2021, Serb National Federation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 14.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Volitich Treasurer | Officer | 8 | $27,604 |
Dane Alexander Medich President | Officer | 15 | $19,500 |
Brian Pyevich 2nd Vice President | Officer | 0 | $1,500 |
Ted Potkonjak 1st Vice President | Officer | 0 | $1,500 |
Milana Milosh Secretary | Officer | 2 | $1,050 |
Milan Martich Director | Trustee | 0 | $1,000 |
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 | $2,015,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$703,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,645,334 |
| 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 | $5,846,796 |
| Compensation of current officers, directors, key employees. | $55,954 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,398 |
| Payroll taxes | $23,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,810 |
| Fees for services: Accounting | $189,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,740 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $51,016 |
| Information technology | $50,041 |
| Royalties | $0 |
| Occupancy | $39,124 |
| Travel | $29,449 |
| 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 | $18,714 |
| All other expenses | $0 |
| Total functional expenses | $7,073,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,342 |
| Savings and temporary cash investments | $384,561 |
| 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 | $320,874 |
| Investments—publicly traded securities | $48,808,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $854,255 |
| Total assets | $50,402,981 |
| Accounts payable and accrued expenses | $86,535 |
| 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 | $47,281,419 |
| Total liabilities | $47,367,954 |
| 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 | $3,035,027 |
| Total liabilities and net assets/fund balances | $50,402,981 |
Endowment Analysis
| Beg. Balance | $545,636 |
| Earnings | $8,925 |
| Net Contributions | $4,125 |
| Other Expense | $544,686 |
| Grants | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Transportation Union Insurance Association Independence, OH | $229,446,528 | $20,187,973 |
Ladies Of Co Inc Catholic Gahanna, OH | $138,820,359 | $17,769,502 |
Order Of United Commercial Travelers Of America Columbus, OH | $13,051,068 | $16,246,455 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Ancient Free & Accepted Masons Of Maryland Grand Lodge Cockeysville, MD | $187,202,317 | $9,692,713 |
Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Health & Welfare Fund Of The Plumbers & Steamfitters Local Canfield, OH | $14,266,542 | $8,803,996 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |