Sereolipi Nomadic Education Foundation Inc
- Assets
- $119.0k
- Revenue
- $259.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 41-2189604
Organization Overview
Sereolipi Nomadic Education Foundation Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sereolipi Nomadic Education 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 12/2022, Sereolipi Nomadic Education Foundation Inc generated $259.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $427.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
TO RAISE MONEY TO SUPPORT THE EDUCATION OF NOMADIC CHILDREN IN KENYA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 THE FOUNDATION OPERATED (11) NOMANDIC PRESCHOOLS, WITH AN AVERAGE TOTAL OF 325 CHILDREN AGES 2-6. THE FOUNDATION PROVIDES TEACHING MATERIALS, FOOD, SALARIES FOR A TEACHER AND A COOK. THE CHILDREN ARE TAUGHT NUMBERS, ALPHABET AND SIMPLE ENGLISH.
THE FOUNDATION CONTINUED THE PROGRAM OF ASSISTATING STUDENTS IN APPLYING FOR SCHOLARSHIPS. THE FOUNDATION HIRED ONE OF THE GRADUATES OF ITS SCHOLARSHIP PROGRAM AS AN INTERN TO HELP ALL PRIMARY SCHOOL GRADUATES APPLY FOR ALL AVAILABLE SCHOLARSHIPS. (NOT JUST THOSE OFFERED BY THE FOUNDATION.)
THE FOUNDATION ASSISTED (3) GOVERNMENT RUN PRIMARY SCHOOLS WITH THE AVERAGE TOTAL OF 1199 STUDENTS. IN 2022, DUE TO THE COVID19 PANDEMIC DISRUPTION OF THE 2021 SCHOOL CALENDAR ALL SCHOOLS HAD (4) INSTEAD OF USUAL (3) TERMS. THE FOUNDATION PROVIDED FOOD, UNIFORMS, TEXTBOOKS, LIBRARY SUPPLIES, EXAM MATERIALS, DORMITORY SUPPLIES, (2) DAILY MEALS FOR BOARDERS (ABOUT 50% OF THE STUDENT BODY) AND (18) ADDITIONAL TEACHERS. THE FOUNDATION ALSO ORGANIZED DAILY AFTER CLASS READING, WRITING AND COMPREHENSION INSTRUCTIONS IN EACH SCHOOL.
THE FOUNDATION OPERATED SCHOLARSHIP PROGRAM FOR (122) HIGH SCHOOL AND COLLEGE STUDENTS. ALL STUDENTS RECEIVE FULL SCHOLARSHIP THAT COVERS ALL EXPENSES. THE FOUNDATION EMPLOYES (2) MENTORS WHO HELP STUDENTS NAVIGATE THROUGH THE EDUCATIONAL SYSTEM AND ORGANIZE REMEDIAL CLASSES DURING SCHOOL HOLIDAYS. IN ADDITION, THE FOUNDATION PROVIDED COMPUTERS TO A NUMBER OF COLLEGE STUDENTS, WHICH HAS BECEOME A NEW REQUIREMENT IN MANY COLLEGES SINCE THE COVID19 PANDEMIC'S INTRODUCTION OF ONLINE CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ashen Director | Trustee | $0 | |
Clodagh Aubry Director | Trustee | $0 | |
Gerard Govaerts Director | Trustee | $0 | |
Lori Lum Director | Trustee | $0 | |
Jane Newman Director | Trustee | $0 | |
Linda Pagan President | OfficerTrustee | $0 |
Financial Statements
| 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 | $259,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,585 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100 |
| All other expenses | $2,376 |
| Total functional expenses | $427,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,960 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $118,960 |
| Total liabilities and net assets/fund balances | $118,960 |