Sertoma Center Inc
- Assets
- $11.5m
- Revenue
- $13.4m
- Investments
- $2.1m
- Employees
- 264
- Location
- Knoxville, TN
- Founding
- 03/1972
- Data as of
- 06/2023
- EIN
- 62-0818599
Organization Overview
Sertoma Center Inc is located in Knoxville, TN. The organization was established in 1972. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Sertoma Center Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sertoma Center 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 06/2023, Sertoma Center Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $12.8m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERTOMA CENTER IS DEDICATED TO SERVING ADULTS WITH DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL AND DAY REHABILITATION SERVICES FOR APPROXIMATELY 124 ADULTS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Freeman CEO | Officer | 40 | $126,228 |
Derrick Knight President | OfficerTrustee | 1 | $0 |
Scott Hamilton President Elect | OfficerTrustee | 1 | $0 |
Lee Montgomery Treasurer | OfficerTrustee | 1 | $0 |
Jillian Maeder Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Gail Rymer Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,915 |
| Government grants | $122,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,433 |
| Total Program Service Revenue | $12,725,905 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,368,086 |
| 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. | $126,228 |
| Compensation of current officers, directors, key employees. | $25,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,484,474 |
| Pension plan accruals and contributions | $128,265 |
| Other employee benefits | $370,337 |
| Payroll taxes | $717,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,752 |
| Advertising and promotion | $0 |
| Office expenses | $369,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $499,968 |
| Travel | $160,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,736 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,746 |
| Insurance | $225,510 |
| All other expenses | $0 |
| Total functional expenses | $12,822,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,704,234 |
| Savings and temporary cash investments | $205,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,349,928 |
| 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 | $67,332 |
| Net Land, buildings, and equipment | $5,077,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,070,421 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,243 |
| Total assets | $11,490,876 |
| Accounts payable and accrued expenses | $711,703 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,301 |
| Total liabilities | $718,004 |
| Net assets without donor restrictions | $10,772,872 |
| Net assets with donor restrictions | $0 |
| 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 | $11,490,876 |