Civic Intelligence

Serc Foundation

990 • Fiscal year 2024 • EIN 38-3978620

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization ProfileCTSERC.ORG/FOUNDATION
175 Union StreetWaterbury, CT 06706

(860) 632-1485

Siviq Scores

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

Liabilities / Assets

81st percentile

0.13x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-14%

Faster revenue growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$412,586

Up $58,696 (+17%) from 2023

Net Assets

Up

$358,800

Up $159,689 (+80%) from 2023

Liabilities

Down

$53,786

Down $100,993 (-65%) from 2023

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin82nd percentile

Revenue

Down

$308,756

Down $50,608 (-14%) from 2023

Expenses

Down

$216,591

Down $62,577 (-22%) from 2023

Net Income

Up

$92,165

Up $11,969 (+15%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$600K$400K$200K$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: $199,1112023Assets 2024: $412,586Liabilities 2024: $53,786Net Assets 2024: $358,8002024

Highlighted filing

2024

Assets$412,586
Liabilities$53,786
Net Assets$358,800
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

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: $80,1962023Revenue 2024: $308,756Expenses 2024: $216,591Net Income 2024: $92,1652024

Highlighted filing

2024

Revenue$308,756
Expenses$216,591
Net Income$92,165
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$308,756
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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$342,510$311,336▼ $31,174
Accounts Receivable$11,380$101,250▲ $89,870
Total Assets$353,890$412,586▲ $58,696
Liabilities
Other Liabilities$6,333$39,886▲ $33,553
Accounts Payable and Accrued Expenses$148,346$13,800▼ $134,546
Deferred Revenue$100$100→ $0
Total Liabilities$154,779$53,786▼ $100,993
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$199,111$358,800▲ $159,689
Total Net Assets Fund Balance$199,111$358,800▲ $159,689
Total Liabilities and Net Assets / Fund Balance$353,890$412,586▲ $58,696
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Jeffrey LeakeChairperson
Elizabeth BrownDirector
Marilyn CalderonDirector
Paul FlinterSecretary
Dr Agnes QuinonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,500
Program Service Revenue
$101,256
Investment Income
$0
Other Revenue
$0
All Other Contributions
$207,500
Change in Net Assets
$92,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,756
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$308,756
Total Revenue per Form 990
$308,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$198,617--$198,617
Fees for Services Accounting-$7,825-$7,825
Fees for Services Legal-$5,000-$5,000
Conferences and Meetings$3,949--$3,949
Insurance-$980-$980
Office Expenses-$220-$220
Total Functional Expenses$202,566$14,025$0$216,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$216,591
Total Expenses per Audited Statements$216,591
Total Expenses per Form 990$216,591
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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

LiabilityAmount
Due to State Education Resource Center$39,886
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
2025-05-12
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
5

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 Appendix335 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0148346
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013800
IRS990/AccountsReceivableGrp/BOYAmt011380
IRS990/AccountsReceivableGrp/EOYAmt0101250
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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/AllOtherContributionsAmt0207500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08606321485
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0175 UNION STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERBURY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006706
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0342510
IRS990/CashNonInterestBearingGrp/EOYAmt0311336
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03949
IRS990/ConferencesMeetingsGrp/TotalAmt03949
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0207500
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0216591
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0101256
IRS990/CYRevenuesLessExpensesAmt092165
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0216591
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0308756
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0100
IRS990/DeferredRevenueGrp/EOYAmt0100
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SERC 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/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt086231
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07825
IRS990/FeesForServicesAccountingGrp/TotalAmt07825
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05000
IRS990/FeesForServicesLegalGrp/TotalAmt05000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt18.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt28.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt48.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFREY LEAKE
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL FLINTER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARILYN CALDERON
IRS990/Form990PartVIISectionAGrp/PersonNm3DR AGNES QUINONES
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0308756
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0980
IRS990/InsuranceGrp/TotalAmt0980
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0199111
IRS990/NetAssetsOrFundBalancesEOYAmt0358800
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0199111
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0358800
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0220
IRS990/OfficeExpensesGrp/TotalAmt0220
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERC PROVIDED SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt0198617
IRS990/OtherExpensesGrp/TotalAmt0198617
IRS990/OtherLiabilitiesGrp/BOYAmt06333
IRS990/OtherLiabilitiesGrp/EOYAmt039886
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY LEAKE
IRS990/PriorPeriodAdjustmentsAmt067524
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0101256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0101256
IRS990/ProgSrvcAccomActy2Grp/Desc0VIRTUAL DISMANTLING SYSTEMATIC RACISM CONFERENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0116335
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0101256
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0284014
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0279168
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt075350
IRS990/PYRevenuesLessExpensesAmt080196
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0279168
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0359364
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt092165
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0SERC FOUNDATION HAS ITS OWN BOARD OF DIRECTORS CONSISTING OF AN ELECTED OFFICIAL OF PUBLIC SERVICE, A TEACHERS UNION PAST MEMBER, A MEMBER OF THE CT STATE DEPARTMENT OF EDUCATION, AND A SPECIAL EDUCATION CONSULTANT, WHICH IS OF BROAD INTEREST OF THE PUBLIC, SPECIALIZING IN THE EDUCATION SECTOR. SERC FOUNDATION SPONSORS AN ANNUAL CONFERENCE WHICH IS OPEN TO THE PUBLIC. LOCAL EDUCATION AGENCIES HAVE PARTICIPATED IN SPECIALIZED PROGRAMMING FUNDED BY THE FOUNDATION. THE FOUNDATION HAS PROVIDED ONGOING SUPPORT FOR PLANNING AN ANNUAL CONFERENCE OVER THE LAST EIGHT (8) YEARS. THE FOUNDATION ALSO SUPPORTS EDUCATORS, FAMILIES, AND COMMUNITY LEADERS TO BETTER SERVE CONNECTICUT'S STUDENTS AND THEIR FAMILIES.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0207500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0351514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0283236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0194757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0147843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01184850
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0223326
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.15560
IRS990ScheduleA/PublicSupportPY170Pct00.21120
IRS990ScheduleA/PublicSupportTotal170Amt0184317
IRS990ScheduleA/SubstantialContributorsTotAmt01000533
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0207500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0351514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0283236
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0147843
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01184850
IRS990ScheduleA/TotalSupportAmt01184850
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0216591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO STATE EDUCATION RESOURCE CENTER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0308756
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0216591
IRS990ScheduleD/TotalLiabilityAmt039886
IRS990ScheduleD/TotalRevenuePerForm990Amt0308756
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0308756
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0216591
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VACANCIES 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/ExplanationTxt1A 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/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0353890
IRS990/TotalAssetsEOYAmt0412586
IRS990/TotalAssetsGrp/BOYAmt0353890
IRS990/TotalAssetsGrp/EOYAmt0412586
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0207500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202566
IRS990/TotalFunctionalExpensesGrp/TotalAmt0216591
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0154779
IRS990/TotalLiabilitiesEOYAmt053786
IRS990/TotalLiabilitiesGrp/BOYAmt0154779
IRS990/TotalLiabilitiesGrp/EOYAmt053786
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0199111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0358800
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0202566
IRS990/TotalProgramServiceRevenueAmt0101256
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101256
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0308756
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0353890
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0412586
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0175 UNION STREET
IRS990/USAddress/CityNm0WATERBURY
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006706
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0CTSERC.ORG/FOUNDATION
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY LEAKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08606321485
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SERC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SERC
ReturnHeader/Filer/EIN0383978620
ReturnHeader/Filer/PhoneNum08606321485
ReturnHeader/Filer/USAddress/AddressLine1Txt0175 UNION STREET
ReturnHeader/Filer/USAddress/CityNm0WATERBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006706
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060903326
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITTLESEY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0280 TRUMBULL ST 24TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006103
ReturnHeader/PreparerPersonGrp/PhoneNum08605223111
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS GOLDFUSS
ReturnHeader/ReturnTs02025-05-13T15:09:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$412,586
Liabilities
$53,786
Net assets
$358,800
Revenue
$308,756
Expenses
$216,591
Net income
$92,165
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.13$0.54$3.59$3.09$2.17$0.92
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$1.55$1.99$3.59$2.79$0.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.44$0.59$3.02$2.43$0.59
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.30$1.70$0.60$2.23$2.05$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$2.20$0.42$1.48$1.49$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.35$1.63$1.08$0.66$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.42$1.21$2.18$1.10$1.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.44$0.12$1.81$1.69$0.12