Sertoma Inc
- Assets
- $109.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1964
- Data as of
- 06/2024
- EIN
- 45-6023025
Organization Overview
Sertoma Inc is located in Fargo, ND. The organization was established in 1964. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sertoma 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 06/2024, Sertoma Inc generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $72.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Hanson President | 5 | $0 | |
Darrell Vasvick Treasurer | 5 | $0 | |
Rose Brakke Secretary | 2 | $0 | |
Pam Johnson Vice President | 2 | $0 | |
Sandy Thiel Vice President | 2 | $0 | |
Nancy Paul Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,719 |
| Investment income | $2,622 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,862 |
| Other Revenue | $0 |
| Total Revenue | $62,203 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,066 |
| Total expenses | $72,404 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,760 |
| Other assets | $0 |
| Total assets | $109,760 |
| Total liabilities | $0 |
| Net assets or fund balances | $109,760 |