Serimus Operating Foundation
- Assets
- $17.7k
- Revenue
- $243.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 84-1603231
Organization Overview
Serimus Operating Foundation is located in Fort Collins, CO. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serimus Operating 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 12/2021, Serimus Operating Foundation generated $243.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $267.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMADEUS: PROVIDES ECONOMICALLY DISADVANTAGED CHILDREN AND YOUTH THE OPPORTUNITY TO STUDY MUSIC THROUGH PROFESSIONALLY TAUGHT INDIVIDUAL AND SMALL GROUP LESSONS, AS WELL AS ACCESS TO INSTRUMENTS. THIS PROGRAM REACHED 391 CHILDREN AND YOUTH IN 2021.
EARLY MUSIC: MUSIC THERAPIST LED MUSIC AND MOVEMENT CLASS INSTRUCTION FOR PRE-SCHOOL STUDENTS DESIGNED TO ADVANCE CHILDREN'S SPEECH AND LANGUAGE AND PRE-LITERACY DEVELOPMENT, COGNITIVE SKILLS, LISTENING SKILLS, SOCIAL SKILLS, IMPULSE CONTROL AND FINE AND GROSS MOTOR SKILLS. APPROXIMATELY 850 CHILDREN PARTICIPATED IN 2021.
BOUNDLESS: SUPPORTS PROGRAM ADVISOR TO PROVIDE LESSONS OF ANY KIND TO CHILDREN WHOSE FAMILIES CANNOT AFFORD THE EXPENSE. APPROXIMATELY 60 CHILDREN WERE SERVED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Bump Secretary | 0 | $49,080 | |
Jill E Schatz Executive Di | 0 | $0 | |
Douglas S Schatz Vice Preside | 0 | $0 | |
Adrienne E Schatz Director | 0 | $0 | |
David E Schatz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $243,858 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $243,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,080 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $218,818 |
| Total operating and administrative expenses | $267,898 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $267,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,933 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,791 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,724 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,349 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Serimus Operating Foundation has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Serimus Foundation Fort Collins, CO PURPOSE: GENERAL OPERATIONS | $95,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |