Serena Corp
- Assets
- $395.7k
- Revenue
- $106.0k
- Investments
- $348.0k
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-0955581
Organization Overview
Serena Corp is located in Redmond, WA. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serena Corp 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 12/2023, Serena Corp generated $106.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $60.6k during the year ending 12/2023. While expenses have increased by 30.1% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVELY PROMOTE AND SUPPORT ITALIAN CULTURE AND PASSION FOR INNOVATION IN THE PACIFIC NORTHWEST. BUILD MEANINGFUL CONNECTIONS, SHARE KNOWLEDGE. FOSTER GROWTH, JOB CREATION AND SOCIAL IMPACT BOTH IN ITALY AND THE U.S.
WE BELIEVE IN SHARING THE BLESSINGS WE HAVE RECEIVED AND IN CELEBRATING THE SPIRITUAL RECIPROCITY THAT EXISTS BETWEEN DONORS AND RECEIVERS WORKING COLLABORATIVELY TO MAKE THE WORLD A BETTER PLACE.
OUR GOAL IS TO FOSTER ITALIAN AND AMERICAN CULTURE OF INNOVATION AND BUILD LASTING PARTNERSHIPS BASED ON THE HISTORY OF FRIENDSHIP AND COMMON VALUES BETWEEN OUR COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davide Vigano President | 30 | $0 | |
Paola Croci Treasurer | 30 | $0 | |
Emanuele Vigano Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,927 |
| Interest on Savings | $37 |
| Dividends & Interest | $9,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,586 |
| Capital Gain Net Income | $5,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,832 |
| Total operating and administrative expenses | $56,170 |
| Contributions, gifts, grants paid | $4,469 |
| Total expenses and disbursements | $60,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,236 |
| Savings and temporary cash investments | $499 |
| 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 | $347,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $395,721 |
| 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, Serena Corp has awarded $4,469 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD VISION USA PURPOSE: GENERAL SUPPORT | $25 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: BIKE MS | $50 |
AREA SCIENCE PARK PURPOSE: GENERAL SUPPORT | $4,394 |