Sertoma Inc
- Assets
- $53.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brainerd, MN
- Founding
- 01/1964
- Data as of
- 06/2021
- EIN
- 41-1542886
Organization Overview
Sertoma Inc is located in Brainerd, MN. The organization was established in 1964. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sertoma 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 06/2021, Sertoma Inc generated $69.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $88.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES SERVICE TO ITS LOCAL COMMUNITIES TO IMPROVE THE LIVES OF THOSE WHO NEED HELP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Haglin Chairman Of The Board | 5 | $0 | |
JD Berns First VP | 4 | $0 | |
Mike Demuth Treasurer | 3 | $0 | |
Kenneth Toole President | 5 | $0 | |
Eric Larson Secretary | 5 | $0 | |
Gary Walters Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,725 |
| Total Program Service Revenue | $0 |
| Membership dues | $34,374 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$15,271 |
| Other Revenue | $0 |
| Total Revenue | $69,871 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,187 |
| Occupancy, rent, utilities, and maintenance | $37 |
| Printing, publications, postage, and shipping | $122 |
| Other expenses | $31,829 |
| Total expenses | $88,465 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,242 |
| Other assets | $0 |
| Total assets | $52,953 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,953 |
Grants Awarded
Over the last fiscal year, Sertoma Inc has awarded $18,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
East Gull Lake, MN PURPOSE: CONFIDENCE LEARNING CENTER | $12,040 |
Brainerd, MN PURPOSE: CRISIS LINE | $6,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |