Serc Foundation
EIN: 383978620 · Waterbury, CT · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $279K |
| Net Assets | $199K |
Is Serc Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Serc Foundation
Serc Foundation (EIN: 383978620) is a nonprofit organization based in Waterbury, CT, classified under NTEE code B12. The organization reported total revenue of $309K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Serc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Serc Foundation is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $279K |
| Surplus / Deficit | +$80K |
| Total Assets | $354K |
| Total Liabilities | $155K |
| Net Assets | $199K |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, Serc Foundation reported a surplus of $80K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Serc Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.1% | +14.9% | +244.9% |
| 2022 | +35.3% | +18.7% | -55.4% |
| 2021 | +50.9% | +37.6% | -12.1% |
| 2020 | +36.4% | +125.0% | +31.7% |
| 2019 | -50.4% | -39.8% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Serc Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Serc Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Frequently Asked Questions about Serc Foundation
Is Serc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Serc Foundation (EIN: 383978620) insufficient data. 0 red flags identified, 0 strengths noted.
How does Serc Foundation spend its money?
Detailed spending breakdown data is not yet available for Serc Foundation. Check back for updated IRS 990 analysis.
Are donations to Serc Foundation tax-deductible?
Serc Foundation is registered as a tax-exempt nonprofit (EIN: 383978620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Serc Foundation located?
Serc Foundation is headquartered in Waterbury, Connecticut and files with the IRS under EIN 383978620. It is classified under NTEE code B12.
How many years of IRS 990 filings does Serc Foundation have?
Serc Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $309K in total revenue.
Filing History
IRS 990 filing history for Serc Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Serc Foundation's revenue has grown by 98.6%, moving from $181K to $359K. Total assets increased by 524.6% over the same period, from $57K to $354K. Total functional expenses rose by 65.6%, from $169K to $279K. In its most recent filing year (2023), Serc Foundation reported a surplus of $80K, with revenue exceeding expenses. The organization holds $155K in liabilities against $354K in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $199K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $279K | $354K | $155K | — | — |
| 2022 | $302K | $243K | $103K | $44K | — | View 990 |
| 2021 | $223K | $205K | $230K | $170K | — | — |
| 2020 | $148K | $149K | $262K | $220K | — | — |
| 2019 | $108K | $66K | $199K | $35K | — | View 990 |
| 2018 | $218K | $110K | $163K | $42K | — | View 990 |
| 2017 | $181K | $169K | $57K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $279K, and assets of $354K (revenue +19.1% year-over-year).
- 2022: Revenue of $302K, expenses of $243K, and assets of $103K (revenue +35.3% year-over-year).
- 2021: Revenue of $223K, expenses of $205K, and assets of $230K (revenue +50.9% year-over-year).
- 2020: Revenue of $148K, expenses of $149K, and assets of $262K (revenue +36.4% year-over-year).
- 2019: Revenue of $108K, expenses of $66K, and assets of $199K (revenue -50.4% year-over-year).
- 2018: Revenue of $218K, expenses of $110K, and assets of $163K (revenue +20.7% year-over-year).
- 2017: Revenue of $181K, expenses of $169K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Serc Foundation:
Data Sources and Methodology
This transparency report for Serc Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.