Serefit Corp
- Assets
- $1.9m
- Revenue
- $76.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 34-1852921
Organization Overview
Serefit Corp is located in Beachwood, OH. The organization was established in 1998. 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. Serefit 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 12/2022, Serefit Corp generated $76.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $271.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Serefit Corp has awarded 144 individual grants totaling $909,605. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Zelczer Trustee | 0 | $0 | |
Leeba Schneck Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $511 |
| Dividends & Interest | $27,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,482 |
| Capital Gain Net Income | $42,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $349 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $452 |
| Total operating and administrative expenses | $40,835 |
| Contributions, gifts, grants paid | $230,276 |
| Total expenses and disbursements | $271,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,019 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $306,811 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $193,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,872,080 |
| 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 | $36,087 |
| Total liabilities | $36,087 |
Grants Awarded
Over the last fiscal year, Serefit Corp has awarded $230,276 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDATH ISRAEL OF OHIO PURPOSE: DONATION | $2,750 |
AMERICAN FRIENDS OF KUPAT HA'IR PURPOSE: DONATION | $1,800 |
AMERICAN FRIENDS OF MEIR PANIM PURPOSE: DONATION | $1,000 |
BEIS AHRON V'YISROEL PURPOSE: DONATION | $2,500 |
BIKUR CHOLIM OF MANHATTAN PURPOSE: DONATION | $100 |
BNOS DEVORAH PURPOSE: DONATION | $2,500 |