Civic Intelligence

Serc Foundation

990EZ • Fiscal year 2019 • EIN 38-3978620

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

100 Roscommon Drive No 110Middletown, CT 06457

(860) 632-1485

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.33x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-50%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$198,661

Up $35,285 (+22%) from 2018

Net Assets

Up

$163,308

Up $42,272 (+35%) from 2018

Liabilities

Down

$35,353

Down $6,987 (-17%) from 2018

Revenue

Down

$108,365

Down $110,034 (-50%) from 2018

Expenses

Down

$66,093

Down $43,644 (-40%) from 2018

Net Income

Down

$42,272

Down $66,390 (-61%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2017: $56,655Liabilities 2017: $44,281Net Assets 2017: $12,3742017Assets 2018: $163,376Liabilities 2018: $42,340Net Assets 2018: $121,0362018Assets 2019: $198,661Liabilities 2019: $35,353Net Assets 2019: $163,3082019Assets 2020: $261,582Liabilities 2020: $219,691Net Assets 2020: $41,8912020Assets 2021: $230,047Liabilities 2021: $169,785Net Assets 2021: $60,2622021Assets 2022: $102,607Liabilities 2022: $43,930Net Assets 2022: $58,6772022Assets 2023: $353,890Liabilities 2023: $154,779Net Assets 2023: $199,1112023

Highlighted filing

2019

Assets$198,661
Liabilities$35,353
Net Assets$163,308

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2017: $180,955Expenses 2017: $168,581Net Income 2017: $12,3742017Revenue 2018: $218,399Expenses 2018: $109,737Net Income 2018: $108,6622018Revenue 2019: $108,365Expenses 2019: $66,093Net Income 2019: $42,2722019Revenue 2020: $147,843Expenses 2020: $148,720Net Income 2020: -$8772020Revenue 2021: $223,022Expenses 2021: $204,651Net Income 2021: $18,3712021Revenue 2022: $301,691Expenses 2022: $243,014Net Income 2022: $58,6772022Revenue 2023: $359,364Expenses 2023: $279,168Net Income 2023: $80,1962023

Highlighted filing

2019

Revenue$108,365
Expenses$66,093
Net Income$42,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$108,365
Mission and Program Overview

Mission

To establish and administer specific funds which shall be utilized to provide grants and/or loans to particular designated individuals and associations with the objective of advancing the education of all connecticut students and decreasing disparities in educational outcomes.

Program Services

DescriptionGrantsExpenses
TRAININGS FOR CURRENT AND PAST PARENT LEADERSHIP TRAINING FACILITIES AND LOCAL SITE COORDINATORS TO INCREASE THEIR UNDERSTANDING OF FOUR TOPICS: 1) CRITICAL RACE THEORY, 2) THE IMPACT OF SYSTEMATIC INEQUALITIES AND PERSONAL BELIEFS AND VALUES THAT IMPACT THE DEVELOPMENT OF CULTURALLY RESPONSIVE RELATIONSHIPS, 3) KEY COMPONENTS OF SHARED LEADERSHIP WITH AN EQUITABLE FRAMEWORK OF ACTION, AND 4) THE ROLE OF THE COMMUNITY LEADER AS AN AGENT OF EQUITY AND SOCIAL JUSTICE. THIS INCREASED KNOWLEDGE SHOULD BE APPLIED TO THEIR INSTRUCTION AND PRACTICES.$27,399$63,081
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GEORGE COLEMANDirector-$0--
MARILYN CALDERONDirector-$0--
PAUL FLINTERDirector-$0--
JESSICA SAGERDirector-$0--
DEBORAH STANLEY-MCAULAYDirectorPT$0--
JEFFREY LEAKEChairpersonPT$0--
Filing and Contact Details

Filer

Filer Name
The Serc Foundation Inc
EIN
38-3978620
Phone
8606321485
Address
100 ROSCOMMON DRIVE NO 110, MIDDLETOWN, CT 06457

Signing Officer

Name
Jeffrey Leake
Title
Chairperson
Phone
8606321485
Signed
2020-07-15
Discuss with paid preparer
Yes

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
100 GREAT MEADOW ROAD, WETHERSFIELD, CT 06109
Preparer
Thomas O Marien CPA Mba Cva
Phone
8602571870
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance. Amount: 905. Description: program expenses. Amount: 35,652. Description: office expenses. Amount: 30. Total to form 990-ez, line 16: 36,587.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 59,155. End of year amount: 45,355.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 42,240. End of year amount: 35,253. Description: deferred revenue. Beg. Of year amount: 100. End of year amount: 100.

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0GLEN HALE
IRS990EZ/BooksInCareOfDetail/PhoneNum08606328870
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 ROSCOMMON DRIVE SUITE 110
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIDDLETOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006457
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0104221
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0153306
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0108365
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt042272
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02107
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0163376
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0198661
IRS990EZ/GrantsAndSimilarAmountsPaidAmt027399
IRS990EZ/GrossReceiptsAmt0108365
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0121036
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0163308
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0121036
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0163308
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt24.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt48.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt58.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GEORGE COLEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARILYN CALDERON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2PAUL FLINTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JESSICA SAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DEBORAH STANLEY-MCAULAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JEFFREY LEAKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CHAIRPERSON
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt059155
IRS990EZ/OtherAssetsTotalDetail/EOYAmt045355
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt036587
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO ESTABLISH AND ADMINISTER SPECIFIC FUNDS WHICH SHALL BE UTILIZED TO PROVIDE GRANTS AND/OR LOANS TO PARTICULAR DESIGNATED INDIVIDUALS AND ASSOCIATIONS WITH THE OBJECTIVE OF ADVANCING THE EDUCATION OF ALL CONNECTICUT STUDENTS AND DECREASING DISPARITIES IN EDUCATIONAL OUTCOMES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TRAININGS FOR CURRENT AND PAST PARENT LEADERSHIP TRAINING FACILITIES AND LOCAL SITE COORDINATORS TO INCREASE THEIR UNDERSTANDING OF FOUR TOPICS: 1) CRITICAL RACE THEORY, 2) THE IMPACT OF SYSTEMATIC INEQUALITIES AND PERSONAL BELIEFS AND VALUES THAT IMPACT THE DEVELOPMENT OF CULTURALLY RESPONSIVE RELATIONSHIPS, 3) KEY COMPONENTS OF SHARED LEADERSHIP WITH AN EQUITABLE FRAMEWORK OF ACTION, AND 4) THE ROLE OF THE COMMUNITY LEADER AS AN AGENT OF EQUITY AND SOCIAL JUSTICE. THIS INCREASED KNOWLEDGE SHOULD BE APPLIED TO THEIR INSTRUCTION AND PRACTICES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt027399
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt063081
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt042340
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt035353
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt066093
IRS990EZ/TotalProgramServiceExpensesAmt063081
IRS990EZ/TotalRevenueAmt0108365
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0CTSERC.ORG/FOUNDATION
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt033180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0203959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0180955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0418094
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014440
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0-15706
IRS990ScheduleA/SubstantialContributorsTotAmt0433800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt033180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0203959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0180955
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0418094
IRS990ScheduleA/TotalSupportAmt0418094
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INSURANCE. AMOUNT: 905. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 35,652. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 30. TOTAL TO FORM 990-EZ, LINE 16: 36,587.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 59,155. END OF YEAR AMOUNT: 45,355.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 42,240. END OF YEAR AMOUNT: 35,253. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 100. END OF YEAR AMOUNT: 100.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY LEAKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08606321485
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SERC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SERC
ReturnHeader/Filer/EIN0383978620
ReturnHeader/Filer/PhoneNum08606321485
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 ROSCOMMON DRIVE NO 110
ReturnHeader/Filer/USAddress/CityNm0MIDDLETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006457
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId026CF2001CA5B340CCD0285AC2FED16E8E3959BD6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.89.51.14
ReturnHeader/FilingSecurityInformation/IPDt02020-07-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm007:28:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271728945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 GREAT MEADOW ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WETHERSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006109
ReturnHeader/PreparerPersonGrp/PhoneNum08602571870
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS O MARIEN CPA MBA CVA
ReturnHeader/ReturnTs02020-07-15T17:32:11-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings