Eduserc
- Assets
- $58.6k
- Revenue
- $66.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Laurel, MD
- Founding
- 08/2002
- Data as of
- 12/2020
- EIN
- 86-0818526
Organization Overview
Eduserc is located in Laurel, MD. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2020, Eduserc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eduserc 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 12/2020, Eduserc generated $66.6k 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 (7.0%) each year. All expenses for the organization totaled $79.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND ADVANCEMENT OF YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS PROVIDING PARENTS TRAINING FOR AREA SCHOOLS ON CHILDDEVELOPMENT AND COLLEGIATE PREPARATION AND IMPLEMENTED YOUNG INNOVATORSPROGRAM FOR HANDS-ON EXPERIENCES IN VARIOUS INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Smith Executive Dir. | OfficerTrustee | 40 | $28,107 |
Cheryl Hofmeister Director | Trustee | 5 | $0 |
Yolandis Rogers Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,803 |
| Total Program Service Revenue | $27,814 |
| 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 | $66,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $28,107 |
| Compensation of current officers, directors, key employees. | $10,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $688 |
| Office expenses | $138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,844 |
| Travel | $3,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,684 |
| Insurance | $566 |
| All other expenses | $691 |
| Total functional expenses | $79,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,507 |
| 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 |
| Net Land, buildings, and equipment | $6,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,750 |
| Other assets | $0 |
| Total assets | $58,611 |
| 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 | $57,338 |
| Other liabilities | $6,470 |
| Total liabilities | $63,808 |
| Net assets without donor restrictions | -$5,197 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $58,611 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eduserc has recieved totaling $83.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |
Federation Of Neighborhood Centers Inc Philadelphia, PA | $1,729,927 | $3,084,929 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Youth Enrichment Programs Philadelphia, PA | $1,767,066 | $2,866,479 |