Service Corps Of Retired Executives Association
- Assets
- $11.8m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Herndon, VA
- Founding
- 07/1976
- Data as of
- 09/2022
- EIN
- 52-1067290
Organization Overview
Service Corps Of Retired Executives Association is located in Herndon, VA. The organization was established in 1976. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Service Corps Of Retired Executives Association employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Service Corps Of Retired Executives Association 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 09/2022, Service Corps Of Retired Executives Association generated $17.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $16.5m during the year ending 09/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE FREE AND CONFIDENTIAL SMALL BUSINESS COUNSELING FOR ENTREPRENEURS NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACHIEVE THE MISSION OF ASSISTING AMERICA'S ECONOMIC DEVELOPMENT GROWTH AND STABILITY BY HELPING SMALL BUSINESSES.
FIELD PROGRAMMING AND SUPPORT OF SMALL BUSINESSES INCLUDING MENTORING, EDUCATION PROGRAMS, WORKSHOPS, WEBINARS, AND CLIENTS SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Weston CEO | Officer | 40 | $225,393 |
Doug Nohe VP Fld. Operations | 40 | $213,416 | |
Amanda Capozio VP Technology | 40 | $212,205 | |
Rick Peluso VP Of Finance | Officer | 32 | $199,210 |
Candice Stennett VP Marketing | 40 | $188,943 | |
Elizabeth Dougert VP Ext. Affairs | 32 | $165,314 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Panther Group Inc Contract Resource Serv. | 9/29/22 | $2,826,395 |
Hi-per Inc Social Media Consultant | 9/29/22 | $703,654 |
Phase 2 Tech Inc Computer Programming | 9/29/22 | $1,182,342 |
Ecropolis Llc Website Dev & Maint | 9/29/22 | $518,128 |
Sparks Personnel Contract Resource Serv | 9/29/22 | $254,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $581,647 |
| Government grants | $13,960,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,038,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,580,389 |
| Total Program Service Revenue | $1,023,246 |
| Investment income | $1,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $289,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,894,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $486,961 |
| Compensation of current officers, directors, key employees. | $457,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,968,877 |
| Pension plan accruals and contributions | $55,426 |
| Other employee benefits | $699,941 |
| Payroll taxes | $317,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,020 |
| Fees for services: Accounting | $115,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $742,016 |
| Advertising and promotion | $734,227 |
| Office expenses | $146,166 |
| Information technology | $1,486,272 |
| Royalties | $0 |
| Occupancy | $179,691 |
| Travel | $38,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $61,600 |
| All other expenses | $32,627 |
| Total functional expenses | $16,452,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,561,036 |
| Savings and temporary cash investments | $500,908 |
| Pledges and grants receivable | $3,126,320 |
| Accounts receivable, net | $38,715 |
| 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 | $583,035 |
| Net Land, buildings, and equipment | $522,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,310 |
| Total assets | $11,816,704 |
| Accounts payable and accrued expenses | $1,329,150 |
| Grants payable | $0 |
| Deferred revenue | $100,924 |
| 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 | $1,430,074 |
| Net assets without donor restrictions | $10,335,317 |
| Net assets with donor restrictions | $51,313 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,816,704 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Service Corps Of Retired Executives Association has recieved totaling $187,645.
| Awarding Organization | Amount |
|---|---|
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: ARPA RESPONSIVE GRANT | $50,000 |
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT, CBO CAPACITY BUILDING PROGRAM | $29,892 |
Stark Community Foundation Inc Canton, OH PURPOSE: PROGRAM SUPPORT | $20,075 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $20,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For a designated distribution | $12,295 |
Akron Community Foundation Akron, OH PURPOSE: FOR OPERATING FUNDS FOR SMALL BUSINESS MENTORING AND WORKSHOPS | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pharmaceutical Care Management Association Washington, DC | $26,215,317 | $37,563,344 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
National Community Reinvestment Coalition Inc Washington, DC | $111,740,328 | $10,929,174 |
Lsa Management Inc Salisbury, NC | $180,015,049 | $10,600,308 |
Tax Executives Institute Inc Washington, DC | $12,071,581 | $6,324,223 |
Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
Lutheran Social Ministries Of Maryland Inc Westminster, MD | $1,453,479 | $5,224,632 |
Building Owners & Managers Institute International Inc Annapolis, MD | $3,199,571 | $3,769,079 |
Modular Building Institute Charlottesville, VA | $2,058,716 | $1,866,624 |
Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
Builders Exchange Of Tennessee Inc Knoxville, TN | $3,303,908 | $1,339,963 |
Middle Tennessee Industrial Development Association Nashville, TN | $1,313,834 | $842,842 |