Serc Foundation
- Assets
- $102.6k
- Revenue
- $301.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterbury, CT
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 38-3978620
Organization Overview
Serc Foundation is located in Waterbury, CT. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serc Foundation 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, Serc Foundation generated $301.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $243.0k during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND ADMINISTER SPECIFIC FUNDS WHICH FUNDS SHALL BE UTILIZED TO PROVIDE GRANTS AND/OR LOANS TO PARTICULAR DESIGNATED INDIVIDUALS AND ASSOCIATIONS WITH THE OBJECTIVES OF ADVANCING THE EDUCATION OF ALL CONNECTICUT STUDENTS AND DECREASING DISPARITIES IN EDUCATIONAL OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERC INTERNAL CAPACITY BUILDING:- ENSURING ADDITIONAL STAFF BECOME CERTIFIED PRACTITIONERS.- ENSURING THOSE STAFF THAT PREVIOUSLY EARNED "AFFILIATE" STATUS ARE ABLE TO CONVERT TO CERTIFIED PRACTITIONERS.- INCRASING STAFF LEARNING OPPORTUNITIES FROM EXPERTS BEYOND PEG PROGRAMMING.
VIRTUAL DISMANTLING SYSTEMATIC RACISM CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Leake Chairperson | OfficerTrustee | 10 | $0 |
Paul Flinter Secretary | OfficerTrustee | 8 | $0 |
Marilyn Calderon Director | Trustee | 8 | $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 | $283,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,236 |
| Total Program Service Revenue | $18,455 |
| 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 | $301,691 |
| 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 | $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 | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,996 |
| Advertising and promotion | $0 |
| Office expenses | $33 |
| 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 | $78,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $978 |
| All other expenses | $115,469 |
| Total functional expenses | $243,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,736 |
| Accounts receivable, net | $5,755 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,607 |
| Accounts payable and accrued expenses | $43,930 |
| 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 | $43,930 |
| Net assets without donor restrictions | $58,677 |
| 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 | $102,607 |
Grants Awarded
Over the last fiscal year, Serc Foundation has awarded $152,231 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ENFIELD PUBLIC SCHOOLS PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $7,108 |
EAST HARTFORD PUBLIC SCHOOLS PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $5,229 |
CREC PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $7,111 |
CATHOLIC CHARITIES OF HARTFORD PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $7,119 |
FAMILY LIFE EDUCATION PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $7,140 |
MANCHESTER PUBLIC SCHOOLS PURPOSE: To conduct parent leadership training using one or more parent leadership training models. The purpose is to train parents, grandparents, forster parents, and others to become skilled advocates and strong voices for children at the local, state, or national level. | $5,323 |