Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.44x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Up$353,890
Up $251,283 (+245%) from 2022
Net Assets
Up$199,111
Up $140,434 (+239%) from 2022
Liabilities
Up$154,779
Up $110,849 (+252%) from 2022
Revenue And Expenses
Revenue
Up$359,364
Up $57,673 (+19%) from 2022
Expenses
Up$279,168
Up $36,154 (+15%) from 2022
Net Income
Up$80,196
Up $21,519 (+37%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 9, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $359,364
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.
To establish and administer specific funds which funds shall be utilized to provide grants and/or loans to particular designated individuals and associations with the objectives of advancing the education of all connecticut students and decreasing disparities in educational outcomes.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $73,116 | $342,510 | ▲ $269,394 |
| Pledges and Grants Receivable | $23,736 | - | - |
| Accounts Receivable | $5,755 | $11,380 | ▲ $5,625 |
| Total Assets | $102,607 | $353,890 | ▲ $251,283 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $43,930 | $148,346 | ▲ $104,416 |
| Other Liabilities | $0 | $6,333 | ▲ $6,333 |
| Deferred Revenue | $0 | $100 | ▲ $100 |
| Total Liabilities | $43,930 | $154,779 | ▲ $110,849 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $58,677 | $199,111 | ▲ $140,434 |
| Total Net Assets Fund Balance | $58,677 | $199,111 | ▲ $140,434 |
| Total Liabilities and Net Assets / Fund Balance | $102,607 | $353,890 | ▲ $251,283 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jeffrey Leake | Chairperson |
| Marilyn Calderon | Director |
| Paul Flinter | Secretary |
| Dr Agnes Quinones | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $284,014
- Program Service Revenue
- $75,350
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $80,196
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $279,168 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $211,470 | - | - | $211,470 |
| Conferences and Meetings | $60,445 | - | - | $60,445 |
| Fees for Services Accounting | - | $6,000 | - | $6,000 |
| Insurance | - | $978 | - | $978 |
| Fees for Services Other | - | $200 | - | $200 |
| Fees for Services Legal | - | $50 | - | $50 |
| Office Expenses | - | $25 | - | $25 |
| Total Functional Expenses | $271,915 | $7,253 | $0 | $279,168 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to State Education Resource Center | $6,333 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 7A
“Vacancies in the board of directors shall be filled by the following: a. Selection of a member of state education resource center's board of directors from that board's program committee or fiscal commitee; b. Nomination from the current directors of the corporation and consequent election of those individuals.”
Form 990, Part VI, Section B, Line 11B
“A copy of the form is provided to the organization. The organization does not require the entire board to review the return prior to filing. After review, the form 990 is approved for filing.”
Form 990, Part VI, Section B, Line 12C
“The serc foundation, inc. Has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all officers, directors, and key employees of the foundation annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of itnerest policy is then submitted to the board who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict exists, the board will inform the member of the basis of such belief and afford the member an opportunity to respond. The board will disclose the conflict of interest and how the conflict was handled. The member with the actual conflict of interest will be prohibited from voting on the matter that gives rise to the conflict. If it is determined that a member has in fact failed to disclose an actual or possible conflict of interest, the foundation shall take appropriate disciplinary and corrective action, which may include recommending terminating such member's capacity with the foundation.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, the form 990 is posted on gudiestar.org and other similar types of websites.”
Filing and Contact Details
Filer
- Filer Name
- The Serc Foundation Inc
- EIN
- 38-3978620
- Phone
- 8606321485
- Address
- 175 UNION STREET, WATERBURY, CT 06706
Signing Officer
- Name
- Jeffrey Leake
- Title
- Chairperson
- Phone
- 8606321485
- Signed
- 2024-05-09
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jeffrey Leake
- Formed
- 2015
- Legal Domicile
- Ct
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Whittlesey Pc
- Address
- 280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
- Preparer
- Thomas Goldfuss
- Phone
- 8605223111
Supplemental Narrative
Additional Explanations
Form 990, Part XII, Line 2C
“The process has not changed from prior year.”
Raw XML Appendix322 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 |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 148346 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 5755 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 11380 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO ESTABLISH AND ADMINISTER SPECIFIC FUNDS WHICH FUNDS SHALL BE UTILIZED TO PROVIDE GRANTS AND/OR LOANS TO PARTICULAR DESIGNATED INDIVIDUALS AND ASSOCIATIONS WITH THE OBJECTIVES OF ADVANCING THE EDUCATION OF ALL CONNECTICUT STUDENTS AND DECREASING DISPARITIES IN EDUCATIONAL OUTCOMES. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JACQUELINE TEULINGS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8606321485 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 175 UNION STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WATERBURY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06706 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 73116 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 342510 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 60445 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 284014 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 279168 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 75350 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 80196 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 279168 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 359364 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 100 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | SERC INTERNAL CAPACITY BUILDING:- ENSURING ADDITIONAL STAFF BECOME CERTIFIED PRACTITIONERS.- ENSURING THOSE STAFF THAT PREVIOUSLY EARNED "AFFILIATE" STATUS ARE ABLE TO CONVERT TO CERTIFIED PRACTITIONERS.- INCRASING STAFF LEARNING OPPORTUNITIES FROM EXPERTS BEYOND PEG PROGRAMMING. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 115752 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 6000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 50 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 50 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 200 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 200 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JEFFREY LEAKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAUL FLINTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARILYN CALDERON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DR AGNES QUINONES |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRPERSON |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GovernmentGrantsAmt | 0 | 284014 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 359364 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 978 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 978 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 12 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO ESTABLISH AND ADMINISTER SPECIFIC FUNDS WHICH FUNDS SHALL BE UTILIZED TO PROVIDE GRANTS AND/OR LOANS TO PARTICULAR DESIGNATED INDIVIDUALS AND ASSOCIATIONS WITH THE OBJECTIVES OF ADVANCING THE EDUCATION OF ALL CONNECTICUT STUDENTS AND DECREASING DISPARITIES IN EDUCATIONAL OUTCOMES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 58677 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 199111 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 58677 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 199111 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 25 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 25 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | SERC PROVIDED SERVICES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 211470 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 211470 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6333 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 23736 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JEFFREY LEAKE |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 60238 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611430 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PARTICIPANT FEE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 75350 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 75350 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | VIRTUAL DISMANTLING SYSTEMATIC RACISM CONFERENCE. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 75350 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
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| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | 58677 |
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| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 301691 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
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| IRS990/ReconcilationRevenueExpnssAmt | 0 | 80196 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 108365 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1018215 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 122070 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.39250 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.16530 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 399655 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 618560 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 284014 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 283236 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 147843 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 108365 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1018215 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1018215 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 6333 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO STATE EDUCATION RESOURCE CENTER |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 6333 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VACANCIES IN THE BOARD OF DIRECTORS SHALL BE FILLED BY THE FOLLOWING: A. SELECTION OF A MEMBER OF STATE EDUCATION RESOURCE CENTER'S BOARD OF DIRECTORS FROM THAT BOARD'S PROGRAM COMMITTEE OR FISCAL COMMITEE; B. NOMINATION FROM THE CURRENT DIRECTORS OF THE CORPORATION AND CONSEQUENT ELECTION OF THOSE INDIVIDUALS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A COPY OF THE FORM IS PROVIDED TO THE ORGANIZATION. THE ORGANIZATION DOES NOT REQUIRE THE ENTIRE BOARD TO REVIEW THE RETURN PRIOR TO FILING. AFTER REVIEW, THE FORM 990 IS APPROVED FOR FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE SERC FOUNDATION, INC. HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE FOUNDATION ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF ITNEREST POLICY IS THEN SUBMITTED TO THE BOARD WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE MEMBER WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF IT IS DETERMINED THAT A MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE FOUNDATION SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY INCLUDE RECOMMENDING TERMINATING SUCH MEMBER'S CAPACITY WITH THE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS POSTED ON GUDIESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XII, LINE 2C |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 102607 |
| IRS990/TotalAssetsEOYAmt | 0 | 353890 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 102607 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 353890 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 284014 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 7253 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 271915 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 279168 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 43930 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 154779 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 43930 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 154779 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 58677 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 199111 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 271915 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 75350 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 75350 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 359364 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 102607 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 353890 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 175 UNION STREET |
| IRS990/USAddress/CityNm | 0 | WATERBURY |
| IRS990/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/USAddress/ZIPCd | 0 | 06706 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | CTSERC.ORG/FOUNDATION |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JEFFREY LEAKE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRPERSON |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8606321485 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE SERC FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SERC |
| ReturnHeader/Filer/EIN | 0 | 383978620 |
| ReturnHeader/Filer/PhoneNum | 0 | 8606321485 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 175 UNION STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WATERBURY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 06706 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 060903326 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WHITTLESEY PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 280 TRUMBULL ST 24TH FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HARTFORD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 06103 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8605223111 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS GOLDFUSS |
| ReturnHeader/ReturnTs | 0 | 2024-05-13T11:35:52-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JEFFREY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | LEAKE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $353,890
- Liabilities
- $154,779
- Net assets
- $199,111
- Revenue
- $359,364
- Expenses
- $279,168
- Net income
- $80,196