THE SERC FOUNDATION INC

THE SERC FOUNDATION INC

WATERBURY, CT, US
501(c)(3)
EIN
38-3978620
Fund Raising & Fund Distribution

THE SERC FOUNDATION INC

WATERBURY, CT, US
501(c)(3)
EIN
38-3978620
Fund Raising & Fund Distribution

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$308,756

Contributions
67%
Program Services
33%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024

$216,591

Other
94%
Fees to Service Providers
6%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$207,500
-
Government Grants
$284,014
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$75,350
$101,256
+34%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$359,364
$308,756
-14%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$6,250
$12,825
+105%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$25
$220
+780%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$272,893
$203,546
-25%
Total Expenses
$279,168
$216,591
-22%
Net income
2023
2024
Change
Net income
+$80,196
+$92,165
+15%
Functional Expenses
Summary
2023
2024
Change
Program
$271,915
$202,566
-26%
Admin
$7,253
$14,025
+93%
Fundraising
$0
$0
-
Total Expenses
$279,168
$216,591
-22%
Income Statement
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