Civic Intelligence

Seres Global

990 • Fiscal year 2022 • EIN 47-1287984

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

1804 S Viewcrest LnSpokane Valley, WA 99212

(206) 434-9155

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

12th percentile

-39%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

35th percentile

-6.8%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-54%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$281,411

Down $20,667 (-6.8%) from 2021

Net Assets

Down

$281,401

Down $20,677 (-6.8%) from 2021

Liabilities

Up

$10

Up $10 from 2021

Revenue

Down

$52,488

Down $62,735 (-54%) from 2021

Expenses

Down

$73,165

Down $69,689 (-49%) from 2021

Net Income

Up

-$20,677

Up $6,954 (+25%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $66,391Liabilities 2015: $0Net Assets 2015: $66,3912015Assets 2016: $118,051Liabilities 2016: $3,666Net Assets 2016: $114,3852016Assets 2017: $67,686Liabilities 2017: $0Net Assets 2017: $67,6862017Assets 2018: $169,470Liabilities 2018: $788Net Assets 2018: $168,6832018Assets 2019: $328,799Liabilities 2019: $0Net Assets 2019: $328,7992019Assets 2020: $329,709Liabilities 2020: $0Net Assets 2020: $329,7092020Assets 2021: $302,078Liabilities 2021: $0Net Assets 2021: $302,0782021Assets 2022: $281,411Liabilities 2022: $10Net Assets 2022: $281,4012022Assets 2023: $243,538Liabilities 2023: $0Net Assets 2023: $243,5382023Assets 2024: $159,174Liabilities 2024: $0Net Assets 2024: $159,1742024

Highlighted filing

2022

Assets$281,411
Liabilities$10
Net Assets$281,401

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2015: $206,583Expenses 2015: $140,192Net Income 2015: $66,3912015Revenue 2016: $99,229Expenses 2016: $51,235Net Income 2016: $47,9942016Revenue 2017: $75,342Expenses 2017: $122,041Net Income 2017: -$46,6992017Revenue 2018: $229,674Expenses 2018: $128,428Net Income 2018: $101,2462018Revenue 2019: $166,125Expenses 2019: $5,945Net Income 2019: $160,1802019Revenue 2020: $112,556Expenses 2020: $111,646Net Income 2020: $9102020Revenue 2021: $115,223Expenses 2021: $142,854Net Income 2021: -$27,6312021Revenue 2022: $52,488Expenses 2022: $73,165Net Income 2022: -$20,6772022Revenue 2023: $125,167Expenses 2023: $163,030Net Income 2023: -$37,8632023Revenue 2024: $40,379Expenses 2024: $124,743Net Income 2024: -$84,3642024

Highlighted filing

2022

Revenue$52,488
Expenses$73,165
Net Income-$20,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$52,488
Mission and Program Overview

Mission

To educate, empower and engage young people as agents of change to lead the transition towards climate, resilent, sustainable communities.

Seres global eduates, empowers and engages young people as change agents to lead the transition towards climate resilient, sustainable communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$282,077$252,857▼ $29,220
Savings and Temporary Cash Investments$20,001$28,010▲ $8,009
Accounts Receivable-$544-
Total Assets$302,078$281,411▼ $20,667
Liabilities
Accounts Payable and Accrued Expenses-$10-
Total Liabilities$0$10▲ $10
Net Assets / Fund Balance
Total Net Assets Fund Balance$302,078$281,401▼ $20,677
Total Liabilities and Net Assets / Fund Balance$302,078$281,411▼ $20,667
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherry MillerPresident
Alia WhitneyjohnsonBoard Member
Corrina GraceBoard Member
Elizabeth MachicBoard Member
Fredy SitaviBoard Member
Jacob CarterBoard Member
Kathy RuhfSecretary
Gary TealeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,479
Program Service Revenue
$0
Investment Income
$9
Other Revenue
$0
All Other Contributions
$52,479
Change in Net Assets
$-20,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$68,000
Other Expenses$5,165
Total Fundraising Expense$2,647
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$68,000--$68,000
Travel--$1,682$1,682
Other Expenses$1,500$2$965$1,502
Fees for Services Accounting-$449-$449
Information Technology-$236-$236
Office Expenses-$75-$75
Total Functional Expenses$69,500$1,018$2,647$73,165
International Activity

International Summary

Offices
0
Employees
0
Spending
$68,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaGrants to ProgramYouth Development, Envirionment, Leadership00$68,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

Part VI Section C, Line 19

Annual reports, financial reports, 501(c)(3) documentation and 990 forms are available on seres website at www.seres.org/report-financials. These documents may be viewed/downloaded as pdf files. Any further information available upon request.

Filing and Contact Details

Filer

Filer Name
Seres Global
EIN
47-1287984
Phone
2064349155
Address
1804 S VIEWCREST LN, Spokane Valley, WA 99212
Doing Business As
Seres Global

Signing Officer

Name
Gary Teale
Title
CFO
Phone
2064349155
Signed
2023-05-11
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Hrb Tax Group Inc
Address
1601 N DIVISION ST STE I, SPOKANE, WA 99207
Preparer
Marsha Fairbanks
Phone
5093251934
Supplemental Narrative

Additional Explanations

Schedule F, Part V

Seres global requires all grant recipients to complete a grant request that outlines the terms and conditions of the grant provided. At the completion of the granting period the recipient must complete technical and financial reports on how the funds were spent and the impact of the funds. Copies are maintained on seres global server. Seres global also conducts a through review of transparency and accountability of any grantee partners. In order to ensure that any grant funds are spent in accordance with seres global's requirements. Asciacion seres-the sole grant recipient for 2022-maintains accounting records documenting its expenditures for youth training and educational programs and other miscellaneous expenses. Thes records are maintained by a licensed guatemalan accountant and submitted monthly to the guatemalan sat as required by the guatemala laws and regulations. During 2022, asocseres provided 18 activate, 4 catalyzers, 1 annual summit, 14 fellow, 44 community projects to around 980 youth from vulnerable and at risk commumities. Every three months, detailed financial reports are provided to seres global treasurer to review, copies of all asociacion seres transactions are stored in hard copy and electornically on asociacion seres serviers and are available for review by seres global upon request. Detailed financial reports of asociacion seres can be found online at http:www.seres.org/report-financials

Part IV, Section A, Line 11A

Copies of completed 990 and its accompanying schedules are distributed electronically to the board of directors for review and approval

Partiv, Section B, Line 12C

Any items that may involve a conflict of interest are reviewed and discussed at the quarterly board meetings and any relevant ecisions are documented in the appropiate records. The conflict of interest policy and all other govering document and procedures are reviewed at the general meeting with each board member voting in agreement and compliance.

Part IV, Section B, Line 15 A/B

Seres global does not have any paid employees, nor do any of the officers or directors receive compensation for their work.

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

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt068000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0YOUTH DEVELOPMENT, ENVIRIONMENT, LEADERSHIP
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO PROGRAM
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt068000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0YOUTH DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0Book
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt068000
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt068000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERES GLOBAL REQUIRES ALL GRANT RECIPIENTS TO COMPLETE A GRANT REQUEST THAT OUTLINES THE TERMS AND CONDITIONS OF THE GRANT PROVIDED. AT THE COMPLETION OF THE GRANTING PERIOD THE RECIPIENT MUST COMPLETE TECHNICAL AND FINANCIAL REPORTS ON HOW THE FUNDS WERE SPENT AND THE IMPACT OF THE FUNDS. COPIES ARE MAINTAINED ON SERES GLOBAL SERVER. SERES GLOBAL ALSO CONDUCTS A THROUGH REVIEW OF TRANSPARENCY AND ACCOUNTABILITY OF ANY GRANTEE PARTNERS. IN ORDER TO ENSURE THAT ANY GRANT FUNDS ARE SPENT IN ACCORDANCE WITH SERES GLOBAL'S REQUIREMENTS. ASCIACION SERES-THE SOLE GRANT RECIPIENT FOR 2022-MAINTAINS ACCOUNTING RECORDS DOCUMENTING ITS EXPENDITURES FOR YOUTH TRAINING AND EDUCATIONAL PROGRAMS AND OTHER MISCELLANEOUS EXPENSES. THES RECORDS ARE MAINTAINED BY A LICENSED GUATEMALAN ACCOUNTANT AND SUBMITTED MONTHLY TO THE GUATEMALAN SAT AS REQUIRED BY THE GUATEMALA LAWS AND REGULATIONS. DURING 2022, ASOCSERES PROVIDED 18 ACTIVATE, 4 CATALYZERS, 1 ANNUAL SUMMIT, 14 FELLOW, 44 COMMUNITY PROJECTS TO AROUND 980 YOUTH FROM VULNERABLE AND AT RISK COMMUMITIES. EVERY THREE MONTHS, DETAILED FINANCIAL REPORTS ARE PROVIDED TO SERES GLOBAL TREASURER TO REVIEW, COPIES OF ALL ASOCIACION SERES TRANSACTIONS ARE STORED IN HARD COPY AND ELECTORNICALLY ON ASOCIACION SERES SERVIERS AND ARE AVAILABLE FOR REVIEW BY SERES GLOBAL UPON REQUEST. DETAILED FINANCIAL REPORTS OF ASOCIACION SERES CAN BE FOUND ONLINE AT HTTP:WWW.SERES.ORG/REPORT-FINANCIALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF COMPLETED 990 AND ITS ACCOMPANYING SCHEDULES ARE DISTRIBUTED ELECTRONICALLY TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY ITEMS THAT MAY INVOLVE A CONFLICT OF INTEREST ARE REVIEWED AND DISCUSSED AT THE QUARTERLY BOARD MEETINGS AND ANY RELEVANT ECISIONS ARE DOCUMENTED IN THE APPROPIATE RECORDS. THE CONFLICT OF INTEREST POLICY AND ALL OTHER GOVERING DOCUMENT AND PROCEDURES ARE REVIEWED AT THE GENERAL MEETING WITH EACH BOARD MEMBER VOTING IN AGREEMENT AND COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SERES GLOBAL DOES NOT HAVE ANY PAID EMPLOYEES, NOR DO ANY OF THE OFFICERS OR DIRECTORS RECEIVE COMPENSATION FOR THEIR WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REPORTS, FINANCIAL REPORTS, 501(C)(3) DOCUMENTATION AND 990 FORMS ARE AVAILABLE ON SERES WEBSITE AT WWW.SERES.ORG/REPORT-FINANCIALS. THESE DOCUMENTS MAY BE VIEWED/DOWNLOADED AS PDF FILES. ANY FURTHER INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PARTIV, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IV, SECTION B, LINE 15 A/B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI SECTION C, LINE 19
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IRS990/TaxableDistributionsInd0false
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IRS990/TotalAssetsEOYAmt0281411
IRS990/TotalAssetsGrp/BOYAmt0302078
IRS990/TotalAssetsGrp/EOYAmt0281411
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02647
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069500
IRS990/TotalFunctionalExpensesGrp/TotalAmt073165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt010
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0302078
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0281401
IRS990/TotalProgramServiceExpensesAmt068000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052488
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0302078
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281411
IRS990/TravelGrp/FundraisingAmt01682
IRS990/TravelGrp/TotalAmt01682
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01804 S VIEWCREST LN
IRS990/USAddress/CityNm0Spokane Valley
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd099212
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SERES.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY TEALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02064349155
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SERES GLOBAL
ReturnHeader/Filer/BusinessNameControlTxt0SERE
ReturnHeader/Filer/EIN0471287984
ReturnHeader/Filer/PhoneNum02064349155
ReturnHeader/Filer/USAddress/AddressLine1Txt01804 S VIEWCREST LN
ReturnHeader/Filer/USAddress/CityNm0Spokane Valley
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd099212
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431871840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HRB TAX GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 N DIVISION ST STE I
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPOKANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099207
ReturnHeader/PreparerPersonGrp/PhoneNum05093251934
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARSHA FAIRBANKS
ReturnHeader/ReturnTs02023-05-11T21:59:30Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TEALE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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