First Serbian Benevolent Society
- Assets
- $4.2m
- Revenue
- $779.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Colma, CA
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 94-0854580
Organization Overview
First Serbian Benevolent Society is located in Colma, CA. The organization was established in 1975. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, First Serbian Benevolent Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Serbian Benevolent Society is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, First Serbian Benevolent Society generated $779.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $683.2k during the year ending 12/2021. 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
PAY SICK AND DEATH BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT SOCIETY PROVIDING SCHOLARSHIPS, SICK AND DEATH BENEFITS TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Sredanovich Financial Secretary | Officer | 2 | $0 |
S Danich Trustee | Trustee | 2 | $0 |
T Milijevich Treasurer | Officer | 2 | $0 |
M Malisich Sergeant At Arms | Officer | 2 | $0 |
S Davidovich Secretary | Officer | 2 | $0 |
M Golubovich Honorary President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,649 |
| Total Program Service Revenue | $234,053 |
| Investment income | $20,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,079 |
| 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 | $465,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $19,309 |
| Compensation of current officers, directors, key employees. | $218,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $28,530 |
| Other employee benefits | $108,603 |
| Payroll taxes | $89,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $33,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,491 |
| Advertising and promotion | $1,147 |
| Office expenses | $1,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,348 |
| Travel | $1,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,596 |
| Insurance | $19,197 |
| All other expenses | $100 |
| Total functional expenses | $683,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,027 |
| Savings and temporary cash investments | $783,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,543 |
| Inventories for sale or use | $381,092 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,838,373 |
| Investments—publicly traded securities | $404,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224 |
| Total assets | $4,238,465 |
| Accounts payable and accrued expenses | $2,557 |
| 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 | $8,476 |
| Total liabilities | $11,033 |
| Net assets without donor restrictions | $3,567,738 |
| Net assets with donor restrictions | $659,694 |
| 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 | $4,238,465 |
Endowment Analysis
| Beg. Balance | $771,329 |
| Earnings | $10,817 |
| Net Contributions | $20,440 |
| Other Expense | $4,200 |
| Ending Balance | $798,386 |
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