Sertoma Inc
- Assets
- $46.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Myrtle Beach, SC
- Founding
- 01/1964
- Data as of
- 08/2023
- EIN
- 57-0957175
Organization Overview
Sertoma Inc is located in Myrtle Beach, SC. The organization was established in 1964. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sertoma 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 08/2023, Sertoma Inc generated $22.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $18.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION MADE CHRISTMAS AND OTHER DONATIONS TOUNDERPRIVILEGED CHILDREN DURING THE TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Lee Chairman | 1 | $0 | |
Nick Sowers President | 1 | $0 | |
Walter Standish IV Vice President | 1 | $0 | |
Michael T Fryer Treasurer | 1 | $0 | |
Paul Stecker Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,600 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,500 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,900 |
| Other Revenue | $0 |
| Total Revenue | $22,043 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,572 |
| Total expenses | $17,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,550 |
| Other assets | $0 |
| Total assets | $46,550 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,550 |
Grants Awarded
Over the last fiscal year, Sertoma Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITIES | | | $10,000 |
HABITAT FOR HUMANITIES | | | $10,000 |