Helen J Serini Foundation Inc
- Assets
- $3.4m
- Revenue
- $522.2k
- Investments
- $3.3m
- Employees
- 0
- Location
- Reisterstown, MD
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, Helen J Serini Foundation Inc generated $522.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $753.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Helen J Serini Foundation Inc has awarded 130 individual grants totaling $1,036,057. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENE COMMUNITY PARTNERS AND PROVIDE EDUCATIONAL OPPORTUNITIES, INCLUDING THE ANNUAL FREDERICK NONPROFIT SUMMIT, TWO VIRTUAL EQUITY SERIES FOR GRANTEES, AND ONGOING CENSUS EDUCATION.
COLLABORATE WITH FUNDERS TO ENHANCE COMMUNITY SUPPORT AND PHILANTHROPIC BEST PRACTICES, INCLUDING THE ANNUAL FREDERICK DATA PROJECT AND WORKGROUPS WITHIN PSOS.
MEMBERSHIP DUES, LESS $1,200 NON-ALLOWABLE AMOUNT, FOR 2021 & 2022 MEMBERSHIP AND PARTICIPATION IN MARYLAND PHILANTHROPY NETWORK, TO ENGAGE WITH AND ORGANIZE FUNDERS ACROSS THE STATE TO LEARN TOGETHER, IMPROVE PHILANTHROPIC PRACTICES AND PROCESSES, AND DEVELOP COLLABORATIVE PARTNERSHIPS.
SUPPORT FOR NEXT-GEN AND RISING LEADERS IN THE SECTOR, INCLUDING FACILITATION OF EXPONENT PHILANTHROPY'S NEXT GEN FELLOWS PROGRAM AND THE MPN RISING LEADERS AFFINITY GROUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry A Mchugh Director | 37.5 | $78,937 | |
J James Serini Director | 1.5 | $1,200 | |
Paul A Serini Director/president | 1.5 | $0 | |
Susan M Serini Director | 1.5 | $0 | |
Robert Geis Director | 1.5 | $0 | |
Kevin Mchugh Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $325,770 |
| Capital Gain Net Income | $325,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,150 |
| Total Revenue | $522,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,137 |
| Other employee salaries and wages | $84,181 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $185,378 |
| Total operating and administrative expenses | $427,014 |
| Contributions, gifts, grants paid | $326,638 |
| Total expenses and disbursements | $753,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,512 |
| 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 | $615,344 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,419,417 |
| 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 $326,638 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND PHILANTHROPY NETWORK PURPOSE: GENERAL OPERATING SUPPORT TO CONTINUE AND GROW COMMUNITY WEALTH BUILDERS, A CRITICAL EFFORT WORKING TO FOSTER FAMILY-SUSTAINING, EMPOWERING JOBS AND VIBRANT, LOCALLY-OWNED BUSINESSES IN BALTIMORE. | $60,000 |
Annapolis, MD PURPOSE: GENERAL OPERATING SUPPORT TO CONTINUE TO PROVIDE SHELTER AND SERVICES TO PREVENT HOMELESSNESS AND EMPOWER PEOPLE AS THEY TRANSITION TOWARD EMPLOYMENT, HOUSING AND SELF-SUFFICIENCY. | $20,000 |
Frederick, MD PURPOSE: GENERAL OPERATING SUPPORT TO HELP HOMELESS WITH CHILDREN EXIT HOMELISSNESS IN FREDERICK COUNTY, MD | $17,500 |
Baltimore, MD PURPOSE: GENERAL OPERATING SUPPORT TO ADVANCE INNOVATIVE POLICY IDEAS THAT FOSTER BROAD PROSPERITY AND HELP MARYLAND BE THE STANDARD-BEARER FOR RESPONSIBLE PUBLIC POLICY.CONTRIBUTION INCLUDES AN ADDITIONAL ONE-TIME PAYMENT OF $5,000 TO SUPPORT ORGANIZATIONAL HEALTH THROUGH COVID SHUTDOWNS AND REVENUE LOSS. | $12,500 |
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. | $12,000 |
Calverton, MD 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. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |