First Serbian Benevolent Society is located in Colma, CA. The organization was established in 1975. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, First Serbian Benevolent Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Serbian Benevolent Society is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, First Serbian Benevolent Society generated $798.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $865.6k during the year ending 12/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PAY SICK AND DEATH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT SOCIETY PROVIDING SCHOLARSHIPS, SICK AND DEATH BENEFITS TO MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zachary Antovich Trustee | Trustee | 2 | $0 |
Sveta Danich Trustee | Trustee | 2 | $0 |
Dragoslav Grbovic Trustee | Trustee | 2 | $0 |
Stevan Spremo Trustee | Trustee | 1 | $0 |
Michael Danich Conductor | Officer | 2 | $0 |
Stevan M Davidovich Recording Se | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,292 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,292 |
Total Program Service Revenue | $236,479 |
Investment income | $17,469 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $17,902 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $524,490 |
Miscellaneous Revenue | $0 |
Total Revenue | $798,632 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,500 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $30,528 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $333,320 |
Pension plan accruals and contributions | $9,458 |
Other employee benefits | $78,886 |
Payroll taxes | $26,059 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,460 |
Fees for services: Accounting | $32,270 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,078 |
Advertising and promotion | $1,205 |
Office expenses | $3,919 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $90,301 |
Travel | $13,650 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,270 |
Interest | $153 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $71,015 |
Insurance | $27,740 |
All other expenses | $464 |
Total functional expenses | $865,563 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $736,167 |
Savings and temporary cash investments | $733,577 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $178,402 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,543 |
Inventories for sale or use | $381,092 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,761,685 |
Investments—publicly traded securities | $334,192 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,127,658 |
Accounts payable and accrued expenses | $5,882 |
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 | $0 |
Total liabilities | $5,882 |
Net assets without donor restrictions | $3,439,382 |
Net assets with donor restrictions | $682,394 |
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 | $4,127,658 |