Serafy Foundation
- Assets
- $10.9m
- Revenue
- $338.3k
- Investments
- $7.0m
- Employees
- 0
- Location
- Brownsville, TX
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 74-2861035
Organization Overview
Serafy Foundation is located in Brownsville, TX. The organization was established in 1999. 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. Serafy 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 12/2023, Serafy Foundation generated $338.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $807.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Serafy Foundation has awarded 354 individual grants totaling $4,833,266. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,135 |
| Capital Gain Net Income | $53,135 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,998 |
| Total Revenue | $338,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,738 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251,616 |
| Total operating and administrative expenses | $298,669 |
| Contributions, gifts, grants paid | $508,890 |
| Total expenses and disbursements | $807,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,155 |
| Savings and temporary cash investments | $0 |
| 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 | $6,432,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,790,726 |
| Total assets | $10,896,865 |
| 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, Serafy Foundation has awarded $508,890 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
BURNING TREE FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
CHANCELLOR'S COUNCIL EXECUTIVE COMMITTEE PURPOSE: GENERAL FUND | $2,000 |
CHILDREN'S BEREAVEMENT OF SOUTH TEXAS PURPOSE: GENERAL FUND | $2,000 |
CHILDREN'S MUSEUM OF BROWNSVILLE PURPOSE: GENERAL FUND | $34,390 |
COLLEGE OF AMERICAN PATHOLOGISTS PURPOSE: GENERAL FUND | $30,000 |
FOUNDATION FOR A GLOBALLY COMPETITIVE TEXAS PURPOSE: GENERAL FUND | $20,000 |