Helen J Serini Foundation Inc
- Assets
- $3.0m
- Revenue
- $463.4k
- Investments
- $2.9m
- Employees
- 0
- Location
- Reisterstown, MD
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-1353961
Organization Overview
Helen J Serini Foundation Inc is located in Reisterstown, MD. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helen J Serini Foundation 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 12/2022, Helen J Serini Foundation Inc generated $463.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Helen J Serini Foundation Inc has awarded 167 individual grants totaling $1,388,647. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CONVENINGS & NONPROFIT EDUCATION EVENTS - INCLUSIVE OF THE FREDERICK NONPROFIT SUMMIT, FREDERICK COUNTY PRIORITY PLANNING FOR NONPROFITS,LEADERSHIP FREDERICK COUNTY PRESENTATION, THINK BIG PARTICIPATION WITH MARYLAND NONPROFIT
FUNDER CONVENINGS - INCLUSIVE OF PARTICIPATION IN LEADERSHIP OF EXPONENT PHILANTHROPY AND GROUP LEADERSHIP WITH MARYLAND PHILANTHROPY NETWORK, FREDERICKFUNDERS GROUP + ANNUAL DATA PROJECT, PRESENTATIONS/PANELS WITH PEAK GRANTMAKING,EXPONENT PHILANTHROPY, AND MPN, UNITED PHILANTHROPY FORUM, NCFP
GRANTEE CAPACITY SUPPORT - DIRECT CAPACITY BUILDING OF GRANTEE ORGANIZATIONS, INCLUDING WEBSITE ASSISTANCE, MARKETING, NETWORKING & INTRODUCTIONS ACROSS GRANTEES, LOCAL TRAINING EVENT INFORMATION, AND PARTICIPATION INBANNER NEIGHBORHOOD'S ANNUAL COAT DISTRIBUTION
NEXT GENERATION SUPPORT- FACILITATION OF EXPONENT PHILANTHROPY NEXT GEN FELLOWS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Serini Director/president | 1.5 | $0 | |
Susan M Serini Director | 1.5 | $0 | |
Kerry A Mchugh Director | 37.5 | $58,776 | |
J James Serini Director | 1.5 | $0 | |
P Alex Serini Director | 1.5 | $0 | |
Robert Geis Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $132,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $331,120 |
| Capital Gain Net Income | $331,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $463,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,776 |
| Other employee salaries and wages | $89,930 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $626,294 |
| Total operating and administrative expenses | $825,895 |
| Contributions, gifts, grants paid | $352,590 |
| Total expenses and disbursements | $1,178,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,619 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $520,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,998,812 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Helen J Serini Foundation Inc has awarded $352,590 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTIONS TOGETHER INC PURPOSE: GENERAL OPERATING SUPPORT TO MAINTAIN AND GROW INFANT ADOPTION PLACEMENT COUNSELING AND SUPPORT SERVICES, OLDER CHILD ADOPTION PLACEMENT SERVICES, AND SPECIALIZED THERAPEUTIC SERVICES THAT KEEP FAMILIES FORMED THROUGH ADOPTION STRONG.CONTRIBUTION INCLUDES AN ADDITIONAL ONE-TIME PAYMENT OF $5,000 TO SUPPORT ORGANIZATIONAL HEALTH THROUGH COVID SHUTDOWNS AND REVENUE LOSS. | $15,000 |
ADOPTION EXCHANGE ASSOCIATION PURPOSE: PROJECT-SPECIFIC SUPPORT FOR AN ORGANIZATIONAL EQUITY AUDIT, SPECIFICALLY FACILITATED GROUP SESSIONS AND DATA COLLECTION BY DEI EXPERTS FROM PROINSPIRE TO DISCUSS ALIGNMENT WITH STAFF AROUND NEW ORGANIZATIONAL DEI VALUES | $10,000 |
FUSION PARTNERSHIPS INCBALTIMORE ACTION LEGAL TEAM PURPOSE: GENERAL OPERATIONS SUPPORT FOR FISCAL SPONSOR TRANSITION | $2,920 |
BALTIMORE COMMUNITY TOOLBANK PURPOSE: GENERAL OPERATING SUPPORT TO INCREASE TOOL LENDING AND DEEPEN SERVICES TO COMMUNITY-BASED PARTNERS THROUGHOUT THE BALTIMORE-D.C. CORRIDOR ACROSS A DIVERSITY OF IMPACT AREAS.CONTRIBUTION INCLUDES AN ADDITIONAL ONE-TIME PAYMENT OF $5,000 TO SUPPORT ORGANIZATIONAL HEALTH THROUGH COVID SHUTDOWNS AND REVENUE LOSS. | $18,500 |
FUSION PARTNERSHIPS INCBALTIMORE DOULA PROJECT PURPOSE: TO PROVIDE PROFESSIONAL DEVELOPMENT ON PREGNANCY AND ABORTION RELATED COUNSELING | $1,430 |
BELIEVE BIG PURPOSE: PROJECT-SPECIFIC SUPPORT FOR THE 2021 HORIZON DAY CAMP & MUG PAINTING FOR PEDIATRIC CANCER PATIENTS. | $1,500 |