Southeastern Regional Education Service Center Inc
Southeastern Regional Education Service Center Inc maintains stable finances with no reported executive compensation.
EIN: 20315121 · Bedford, NH · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $702K |
| Transparency Score | 85/100 |
Is Southeastern Regional Education Service Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeastern Regional Education Service Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeastern Regional Education Service Center Inc
Southeastern Regional Education Service Center Inc (EIN: 20315121) is a nonprofit organization based in Bedford, NH, classified under NTEE code B28Z. The organization reported total revenue of $3.7M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Regional Education Service Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Regional Education Service Center Inc is a mid-size nonprofit that has been operating for 52 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$21K |
| Total Assets | $1.6M |
| Total Liabilities | $943K |
| Net Assets | $702K |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 57.3% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Southeastern Regional Education Service Center Inc reported a surplus of $21K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 57.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Southeastern Regional Education Service Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | -19.7% | -2.4% |
| 2022 | +7.2% | +12.9% | +13.6% |
| 2021 | +17.0% | +7.8% | +62.1% |
| 2020 | -10.7% | -4.8% | -2.2% |
| 2019 | +4.2% | -11.1% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeastern Regional Education Service Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Southeastern Regional Education Service Center Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues exceeding $3 million. This suggests either that key leadership roles are entirely volunteer-based, or compensation is reported under different expense categories, or the organization operates with a unique staffing model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southeastern Regional Education Service Center Inc's IRS 990 filings:
- Significant unexplained drop in revenue and assets between 2017 and 2018
- 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate hidden compensation or a unique operational model.
Strengths
The following positive indicators were identified for Southeastern Regional Education Service Center Inc:
- Consistent operational surpluses in recent years (e.g., $20,609 in 202306, $151,368 in 202206).
- Positive and growing net assets in recent years, from $914,422 in 202006 to $1,645,134 in 202306.
- Consistent IRS 990 filing history (12 filings), indicating good compliance.
- No reported officer compensation, suggesting resources are directed away from executive salaries.
Frequently Asked Questions about Southeastern Regional Education Service Center Inc
Is Southeastern Regional Education Service Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Regional Education Service Center Inc (EIN: 20315121) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Southeastern Regional Education Service Center Inc spend its money?
Southeastern Regional Education Service Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeastern Regional Education Service Center Inc tax-deductible?
Southeastern Regional Education Service Center Inc is registered as a tax-exempt nonprofit (EIN: 20315121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southeastern Regional Education Service Center Inc CEO make?
Southeastern Regional Education Service Center Inc's highest-compensated officer earns $3 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southeastern Regional Education Service Center Inc's spending goes to programs?
Southeastern Regional Education Service Center Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southeastern Regional Education Service Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southeastern Regional Education Service Center Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southeastern Regional Education Service Center Inc located?
Southeastern Regional Education Service Center Inc is headquartered in Bedford, New Hampshire and files with the IRS under EIN 20315121. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Southeastern Regional Education Service Center Inc have?
Southeastern Regional Education Service Center Inc has 12 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 $3.7M in total revenue.
Is Southeastern Regional Education Service Center Inc a good charity?
Based on the available data, SERESC appears to be a financially stable organization with a strong commitment to its mission, evidenced by consistent operational surpluses in recent years and no reported officer compensation. Its assets have grown, and it maintains a consistent filing history. However, a full assessment would benefit from a detailed breakdown of program spending.
Why did SERESC's revenue and assets significantly decrease between 2017 and 2018?
Between the 201706 and 201806 periods, SERESC's revenue dropped from $8,058,918 to $3,853,820, and assets decreased from $4,900,441 to $1,003,192. This represents a substantial reduction in scale that would require further investigation into organizational changes, program shifts, or funding alterations during that specific timeframe.
How does SERESC manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with multi-million dollar revenues. This could indicate that leadership roles are filled by volunteers, compensation is paid through a related entity, or it's categorized differently within the expense structure, which would require reviewing the full IRS 990 forms for clarification.
What is the long-term trend of SERESC's financial stability?
After a significant reduction in scale between 2017 and 2018, SERESC has demonstrated consistent financial stability in recent years. Revenues have stabilized around $3.5M-$4.5M, and the organization has maintained positive net assets and generally operated with a surplus, indicating a stable financial footing post-restructuring.
Filing History
IRS 990 filing history for Southeastern Regional Education Service Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Southeastern Regional Education Service Center Inc's revenue has declined by 53.9%, moving from $7.6M to $3.5M. Total assets decreased by 81.9% over the same period, from $9.1M to $1.6M. Total functional expenses fell by 53.2%, from $7.5M to $3.5M. In its most recent filing year (2023), Southeastern Regional Education Service Center Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $943K in liabilities against $1.6M in assets (debt-to-asset ratio: 57.3%), resulting in net assets of $702K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.5M | $1.6M | $943K | — | — |
| 2022 | $4.5M | $4.3M | $1.7M | $1.0M | — | View 990 |
| 2021 | $4.2M | $3.9M | $1.5M | $953K | — | — |
| 2020 | $3.6M | $3.6M | $914K | $732K | — | View 990 |
| 2019 | $4.0M | $3.8M | $935K | $768K | — | View 990 |
| 2018 | $3.9M | $4.2M | $1.0M | $1.1M | — | View 990 |
| 2017 | $8.1M | $7.0M | $4.9M | $4.6M | — | View 990 |
| 2016 | $7.2M | $7.2M | $3.7M | $4.5M | — | View 990 |
| 2015 | $6.4M | $6.5M | $7.3M | $4.6M | — | View 990 |
| 2014 | $6.8M | $7.3M | $7.7M | $4.8M | — | View 990 |
| 2013 | $7.1M | $7.6M | $8.5M | $5.0M | — | View 990 |
| 2012 | $7.6M | $7.5M | $9.1M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.5M, and assets of $1.6M (revenue -22.0% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.3M, and assets of $1.7M (revenue +7.2% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.9M, and assets of $1.5M (revenue +17.0% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $914K (revenue -10.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.8M, and assets of $935K (revenue +4.2% year-over-year).
- 2018: Revenue of $3.9M, expenses of $4.2M, and assets of $1.0M (revenue -52.2% year-over-year).
- 2017: Revenue of $8.1M, expenses of $7.0M, and assets of $4.9M (revenue +12.2% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.2M, and assets of $3.7M (revenue +12.5% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.5M, and assets of $7.3M (revenue -5.9% year-over-year).
- 2014: Revenue of $6.8M, expenses of $7.3M, and assets of $7.7M (revenue -4.0% year-over-year).
- 2013: Revenue of $7.1M, expenses of $7.6M, and assets of $8.5M (revenue -7.3% year-over-year).
- 2012: Revenue of $7.6M, expenses of $7.5M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Regional Education Service Center Inc:
Data Sources and Methodology
This transparency report for Southeastern Regional Education Service Center Inc 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.