Sertoma Inc
- Assets
- $244.7k
- Revenue
- $106.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 54-6076610
Organization Overview
Sertoma Inc is located in Norfolk, VA. 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 06/2022, Sertoma Inc generated $106.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $68.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sertoma Inc has awarded 18 individual grants totaling $257,543. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING AND SUPPORT FOR VARIOUS ACTIVITIES RELATED TO SPEECH AND HEARING IMPAIRED CHILDREN AND TO SUPPORT OTHER CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SUPPORT TO VARIOUS CHARITABLE ORGANIZATIONS IN SOUTHEASTERN VIRGINIA BY MAKING DIRECT GRANTS TO SUPPORT THE MISSION OF THE RESPECTIVE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Danser Treasurer | Officer | $0 | |
Jim Larkin President | Officer | $0 | |
Brent Garrett Chairman | Officer | $0 | |
Robert Hardegen 1st V/p | Officer | $0 | |
Lewis Swartley Director | Trustee | $0 | |
John Sawyer Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,622 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,070 |
| Total Program Service Revenue | $23,738 |
| Investment income | $1,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,119 |
| Net Income from Fundraising Events | -$4,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,450 |
| 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 | $875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $230 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $145 |
| 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 | $15,739 |
| Interest | $0 |
| Payments to affiliates | $5,783 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $175 |
| All other expenses | $25 |
| Total functional expenses | $68,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,237 |
| Savings and temporary cash investments | $170,030 |
| 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 | $16,632 |
| Investments—publicly traded securities | $42,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,699 |
| 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 | $244,699 |
| Total liabilities and net assets/fund balances | $244,699 |
Grants Awarded
Over the last fiscal year, Sertoma Inc has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chesapeake, VA PURPOSE: UNRESTRICTED | $10,500 |
Norfolk, VA PURPOSE: UNRESTRICTED | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
Fauna & Flora International Usa Inc Washintgon, DC | $2,602,858 | $7,350,946 |
Kennedy Krieger Foundation Inc Baltimore, MD | $94,709,715 | $9,828,353 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Lincoln County Opportunity Company Hamlin, WV | $12,939,061 | $6,690,781 |
Chattanooga Chamber Foundation Chattanooga, TN | $7,015,826 | $5,758,264 |