Sertoma Inc
- Assets
- $50.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Myrtle Beach, SC
- Founding
- 01/1964
- Data as of
- 08/2021
- EIN
- 57-0957175
Organization Overview
Sertoma Inc is located in Myrtle Beach, SC. The organization was established in 1964. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 08/2021, Sertoma Inc generated $15.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $14.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 6 years. 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 MADE CHRISTMAS AND OTHER DONATIONS TO UNDERPRIVILEGED CHILDREN DURING THE TAX YEAR. IN ADDITION VARIOUS OTHER DONANTIONS WERE MADE TO THE HEARING IMPAIRED AND UNDERPRIVELEGED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Standish Treasurer | 1 | $0 | |
David Egan Vice President | 0.5 | $0 | |
Paul Stecker Secretary | 0.5 | $0 | |
Nick Sowers President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $945 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,858 |
| Investment income | $140 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,525 |
| Other Revenue | $0 |
| Total Revenue | $15,468 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,830 |
| Total expenses | $14,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,532 |
| Other assets | $0 |
| Total assets | $50,532 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,532 |
Grants Awarded
Over the last fiscal year, Sertoma Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITIES | | | $10,000 |
HABITAT FOR HUMANITIES | | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Speedway Childrens Charities Concord, NC | $415,792 | $1,752,353 |
Carlson Family Foundation Inc Chapel Hill, NC | $18,562,081 | $1,116,272 |
Driven Brands Charitable Foundation Charlotte, NC | $405,466 | $1,435,404 |
Little Kings And Queens Inc Buford, GA | $180,816 | $1,313,209 |
Dabos All In Team Clemson, SC | $184,953 | $1,368,395 |