Sereno Mare Blu Foundation
- Assets
- $646.0k
- Revenue
- $105.4k
- Investments
- $597.8k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4355517
Organization Overview
Sereno Mare Blu Foundation is located in Austin, TX. The organization was established in 2014. 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. Sereno Mare Blu 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 12/2021, Sereno Mare Blu Foundation generated $105.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $118.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sereno Mare Blu Foundation has awarded 63 individual grants totaling $498,920. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Young President | 5 | $0 | |
Kayla Wren Director | 2 | $0 | |
Diana Z Young Vice-Pres | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,591 |
| Interest on Savings | $24 |
| Dividends & Interest | $13,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,129 |
| Capital Gain Net Income | $16,129 |
| Net ST Capital Gain | $4,312 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,876 |
| Contributions, gifts, grants paid | $112,325 |
| Total expenses and disbursements | $118,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,163 |
| 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 | $597,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $645,995 |
| 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, Sereno Mare Blu Foundation has awarded $112,325 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: TO FURTHER THE UNIVERSITY'S MISSION TO EDUCATE THE HEARTS AND MINDS OF UNDERGRADUATE AND GRADUATE STUDENTS SO THEY ARE PREPARED TO MAKE A DIFFERENCE. | $22,161 |
SAFE ALLIANCE PURPOSE: TO FURTHER THE MISSION TO PROVIDE SAFETY FOR INDIVIDUALS AND FAMILIES AFFECTED BY DOMESTIC VIOLENCE. | $20,331 |
GIVE KIDS THE WORLD VILLAGE PURPOSE: TO FURTHER THE MISSION TO ASSIST CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES BY PROVIDING COST-FREE VACATIONS IN PARTNERSHIP WITH WISH-GRANTING ORGANIZATIONS | $20,000 |
Memphis, TN PURPOSE: TO FURTHER THE HOSPITAL'S RESEARCH MISSION TO UNDERSTAND, TREAT AND DEFEAT CHILDHOOD CANCER AND OTHER LIFE-THREATENING DISEASES. | $15,000 |
CANDLELIGHT RANCH PURPOSE: TO FURTHER THE CHARITY'S MISSION TO PROVIDE THERAPEUTIC AND EDUCATION NATURE-BASED EXPERIENCES TO ENRICH THE LIVES OF AT-RISK YOUTH AND CHILDREN WITH DISABILITIES. | $15,000 |
CARITAS OF AUSTIN PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION TO PREVENT AND END HOMELESSNESS FOR PEOPLE IN AUSTIN. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |