Sereno Mare Blu Foundation
- Assets
- $1.0m
- Revenue
- $467.3k
- Investments
- $569.4k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-4355517
Organization Overview
Sereno Mare Blu Foundation is located in Austin, TX. The organization was established in 2014. 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. Sereno Mare Blu Foundation 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, Sereno Mare Blu Foundation generated $467.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $83.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sereno Mare Blu Foundation has awarded 71 individual grants totaling $573,578. 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 |
|---|---|---|---|
Michael R Young President | 5 | $0 | |
Diana Z Young Vice-Pres | 2 | $0 | |
Kayla Wren Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,440 |
| Interest on Savings | $1,374 |
| Dividends & Interest | $14,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,128 |
| Capital Gain Net Income | $1,128 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $467,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $49 |
| Taxes | $2,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,170 |
| Contributions, gifts, grants paid | $74,658 |
| Total expenses and disbursements | $83,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $440,457 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $569,376 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,009,833 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sereno Mare Blu Foundation has awarded $74,658 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS OF CENTRAL TEXAS PURPOSE: GENERAL USE - NO RESTRICTIONS. | $1,000 |
GIVE KIDS THE WORLD VILLAGE PURPOSE: TO FURTHER THE MISSION TO ASSIST CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES BY PROVIDING COST-FREE VACATIONS IN PARTNERSHIP WITH WISH-GRANTING ORGANIZATIONS | $10,500 |
PARAMOUNT THEATER PURPOSE: TO SUPPORT HISTORIC PRESERVATION, EDUCATION AND OUTREACH PROGRAMS, AND WORLD-CLASS PROGRAMMING. | $2,000 |
ST MICHAEL'S CATHOLIC ACADEMY PURPOSE: TO FURTHER THE SCHOOL'S MISSION TO PROVIDE PREPARATORY EDUCATION IN A CHRISTIAN ACADEMIC SETTING. | $20,000 |
ST EDWARD'S UNIVERSITY PURPOSE: TO FURTHER THE UNIVERSITY'S MISSION TO EDUCATE THE HEARTS AND MINDS OF UNDERGRADUATE AND GRADUATE STUDENTS SO THEY ARE PREPARED TO MAKE A DIFFERENCE. | $11,158 |
AMERICAN CORNERSTONE INSTITUTE PURPOSE: TO FURTHER THE MISSION TO PROMOTE SOLUTIONS TO THE ISSUES FACING THE NATION THROUGH EDUCATION, OUTREACH AND COLLABORATION. | $10,000 |