Sertoma Inc
- Assets
- $37.6k
- Revenue
- $30.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 46-0456626
Organization Overview
Sertoma Inc, operating under the name Aberdeen Sertoma Club, is located in Aberdeen, SD. 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. Aberdeen Sertoma Club 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, Aberdeen Sertoma Club generated $30.2k 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 (17.7%) each year. All expenses for the organization totaled $40.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. 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
THE MOST SIGNIFICANT ACTIVITY LOCALLY IS TO PROVIDE FOR CHILDREN'S PROJECTS IN WYLIE PARK, ABERDEEN, SD, A COMMUNITY WITH OVER 30,000 POPULATION. THE SERTOMA CLUB DOES FUNDRAISING FOR PROJECTS TO MAINTAIN AND UPDATE THE PARK AS THE NEED ARISES. THE MOST SIGNIFICANT ACTIVITY INTERNATIONALLY FOR THE SERTOMA CLUB IS TO HELP PROMOTE AND IMPROVE THE QUALITY OF LIFE TODAY FOR THOSE AT RISK OR IMPACTED BY HEARING LOSS THROUGH EDUCATION AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SERTOMA CLUB SOLICITS FUNDS FOR VARIOUS PROJECTS AND MAINTENANCE OF STORYBOOK LAND, A THEME PARK IN ABERDEEN, SD. GRANTS AND CONTRIBUTIONS ARE A MAJOR SOURCE OF REVENUE FOR THIS PURPOSE.
THE SPONSORSHIP FUND OF THE SERTOMA CLUB PROVIDES ASSISTANCE IN THE FOLLOWING AREAS: (1) THE NEW "CELEBRATE SOUND" SERTOMA PROGRAM PROVIDES ASSISTANCE TO HEARING IMPAIRED CHILDREN THROUGH SUPPORT VOUCHERS AND HEARING DEVICES OF A LOCAL AUDIOLOGIST; (2) THE CLUB PURCHASED CAMPERSHIPS FOR HEARING IMPAIRED CHILDREN FOR CAMP SERTOMA; AND (3) OTHER MISCELLANEOUS ABERDEEN COMMUNITY GRANTS ARE MADE FROM THIS FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Schwab Chairman Of The Board | OfficerTrustee | 4 | $0 |
Kristan Morris President | OfficerTrustee | 3 | $0 |
Ashley Hansen 1st Vice President | OfficerTrustee | 0.5 | $0 |
Miko Brandner Secretary | OfficerTrustee | 8 | $0 |
Katie Crawford Treasurer | OfficerTrustee | 8 | $0 |
Matt Pearson Sergeant At Arms | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,319 |
| Fundraising events | $4,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,096 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,745 |
| Net Income from Gaming Activities | $4,702 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,550 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $274 |
| Information technology | $128 |
| 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 | $1,381 |
| Interest | $0 |
| Payments to affiliates | $3,360 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $266 |
| All other expenses | $160 |
| Total functional expenses | $40,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,152 |
| Savings and temporary cash investments | $13,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,581 |
| 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 | $37,572 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $37,572 |
| Total liabilities and net assets/fund balances | $37,572 |
Grants Awarded
Over the last fiscal year, Sertoma Inc has awarded $243,026 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ABERDEEN PURPOSE: STORYBOOK LAND | $235,315 |
GRANTS UNDER 5000 PURPOSE: VARIOUS GRANTS | $7,711 |