Sertoma Inc
- Assets
- $128.5k
- Revenue
- $143.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 01/1965
- Data as of
- 06/2021
- EIN
- 59-2417459
Organization Overview
Sertoma Inc, operating under the name 1022 NE Pensacola Sertoma Club, is located in Pensacola, FL. The organization was established in 1965. 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. 1022 NE Pensacola Sertoma Club 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, 1022 NE Pensacola Sertoma Club generated $143.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $86.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NE SERTOMA WAS ESTABLISHED 35 YEARS AGO. THE FOCUS IS THE UNDER SERVED NEEDS OF LOCAL NEEDY CHILDREN, PRIMARILY WITH HEARING DISABILITIES. OUR MISSION STATEMENT IS SERVICE TO MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRAGONBOAT FESTIVAL - ANNUAL FUNDRAISER WHICH TAKES PLACE IN BAYOU TEXAR, PENSACOLA, FL. THE EVENT INCLUDES A ROWING COMPETITION BETWEEN LOCAL BUSINESSES AND COMMUNITY ORGANIZATIONS. EACH TEAM PAYS AN ENTRY FEE AND CONSISTS OF AT LEAST 10 MEN AND 10 WOMEN. TEAMS CAN RAISE ADDITIONAL FUNDS TO DONATE TO THE CLUB. DUE TO COVID-19, THE CLUB WAS NOT ABLE TO HOLD THE FUNDRAISER IN THE FALL OF 2020. THE REVENUE RAISED WAS SUBSEQUENTLY DONATED TO CHARITABLE ORGANIZATIONS THE FOLLOWING FISCAL YEAR.
HOGFEST EVENT - REVERSE RAFFLE FOR A HARLEY DAVIDSON MOTORCYCLE. FUNDRAISER INCLUDES AN EVENING OF LIVE MUSIC, FREE BEVERAGES AND FOOD FROM LOCAL RESTAURANTS, AND LIVE AND SILENT AUCTIONS. PROCEEDS ARE DONATED TO LOCAL CHARITIES. DUE TO COVID-19, THE CLUB WAS NOT ABLE TO HOLD THE FUNDRAISER IN THE SPRING OF 2021. THE REVENUE RAISED WAS SUBSEQUENTLY DONATED TO CHARITABLE ORGANIZATIONS THE FOLLOWING FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mattutat Vice-President | Officer | 5 | $0 |
Erik Hansen President | Officer | 5 | $0 |
David Ricketson Treasurer | Officer | 7 | $0 |
Dr George Knefley Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,623 |
| 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 | $143,623 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,702 |
| Office expenses | $1,343 |
| Information technology | $1,479 |
| 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 | $16,127 |
| Interest | $0 |
| Payments to affiliates | $7,234 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $986 |
| All other expenses | $0 |
| Total functional expenses | $86,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,240 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,543 |
| 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 |
| Total liabilities and net assets/fund balances | $128,543 |