Serena Foundation Inc
- Assets
- $0.0
- Revenue
- $4.0m
- Investments
- $55.1m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-2994814
Organization Overview
Serena Foundation Inc is located in Burlington, VT. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serena Foundation 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 12/2021, Serena Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Hart Co Dinse Pc President | 2.5 | $15,000 | |
Wallace Tapia Co Dinse Pc Treasurer | 2.5 | $15,000 | |
F Rendol Barlow Co Dinse Pc Secretary | 1 | $15,000 | |
E Russell Peach IV Co Dinse Pc Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $558,179 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,886 |
| Total Revenue | $4,029,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $589,396 |
| Contributions, gifts, grants paid | $2,514,286 |
| Total expenses and disbursements | $3,103,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $46,411,650 |
| Other assets | $4,305 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Serena Foundation Inc has awarded $2,514,286 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE (UNRESTRICTED) | $1,500,000 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE (UNRESTRICTED) (SEE STATEMENT 15) | $414,286 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE (UNRESTRICTED) | $600,000 |