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Southeastern Massachusetts-Ser Foundation FY2021 filing

Fall River, MAUnknown exempt organization EIN 04-3015125Revenue $132K in FY2021Latest return filed Feb 24, 2025

On file with the IRSser-jobs.com164 Bedford Street · Fall River, MA

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Ownership of real property in support of related entitys exempt purpose.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$563K
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
-1% vs prior year
Spent
$123K
To programs
100%
Net assets
$157K
By yearFY2020–FY2024
Revenue
$132K
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$134K
FY2021$132K
FY2022$131K
FY2023$132K
FY2024$133K
FY2024$42K
Expenses
$123K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$132K
FY2021$123K
FY2022$122K
FY2023$129K
FY2024$123K
FY2024$40K
Net assets
$157K
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$148K
FY2021$157K
FY2022$167K
FY2023$169K
FY2024$180K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $123K Management & general 0% · $91

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Julie M Ramos Gagliardi
Assistant Treasurer
$0Pt VII · Sec A
Paul F Silva
Chairperson
$0Pt VII · Sec A
John Mitchell
Vice-Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southeastern Massachusetts-Ser Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and holds real estate for related exempt organizations.

Questions for Southeastern Massachusetts-Ser Foundation

Tap to ask. Southeastern Massachusetts-Ser Foundation sees how many people are interested.

Your first name shows with your question. Southeastern Massachusetts-Ser Foundation answers here, for everyone.

1 program · $123K · in their own filed words · FY2020
01

Rental activities.

$123Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$132K
Ln 12
Other incomeLn 4–11$132K
Money outPt IX
$123K
Ln 25
Programscol B$123K
Managementcol C$91
Owns and owesPt X
$157K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$720K
LiabilitiesLn 26$563K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$132K
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Land, buildings, equipmentLn 10c$603K
Total assetsLn 16$720K
LiabilitiesLn 26$563K
Net assetsLn 32$157K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$176K$116K
Land, buildings, equipmentLn 10c$619K$603K
Total assetsLn 16$799K$720K
LiabilitiesLn 26$651K$563K
Net assetsLn 32$148K$157K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$91$91
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$242$242
OccupancyLn 16$46K$46K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$14K$14K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$123K$123K$91$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024Filed with the IRS Nov 13, 2024 $133K$123K$10K$180K 990 PDF
FY2023Filed with the IRS Mar 6, 2024 $132K$129K$3K$169K 990 PDF
FY2022Filed with the IRS Apr 11, 2023 $131K$122K$10K$167K 990 PDF
FY2021 ViewingFiled with the IRS Apr 12, 2022 $132K$123K$9K$157K 990 PDF
FY2020Filed with the IRS May 12, 2021 $134K$132K$1K$148K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $131,761 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $133,509$131,761
I-12 Total revenuePrior year $133,509$131,761
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,220$123,207
I-18 Total expensesPrior year $132,220$123,207
I-19 Revenue less expensesPrior year $1,289$8,554
Part VI · Governance 4 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $131,761 across 2 lines filed
VIII-6 Net rental income or lossExcluded from tax $131,761$131,761
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $131,761$131,761
Part IX · Statement of functional expenses $123,207 across 9 lines filed
IX-11c Accounting feesManagement $91$91
IX-11g Other fees for servicesPrograms $2,233$2,233
IX-13 Office expensesPrograms $242$242
IX-16 OccupancyPrograms $45,657$45,657
IX-20 InterestPrograms $21,341$21,341
IX-22 Depreciation, depletion and amortizationPrograms $21,385$21,385
IX-23 InsurancePrograms $13,471$13,471
IX-24 Other expenses (24a–d)Programs $13,984$13,984
IX-24e All other expensesPrograms $4,803$4,803
IX-25 Total functional expensesPrograms $123,116 · Management $91 · Fundraising $0$123,207
Part X · Balance sheet $720,374 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $176,313$115,853
X-4 Accounts receivableStart of year $107$107
X-9 Prepaid expenses and deferred chargesStart of year $4,157$1,910
X-10c Land, buildings and equipment, netStart of year $618,594$602,504
X-16 Total assetsStart of year $799,171$720,374
X-17 Accounts payable and accrued expensesStart of year $145,679$80,680
X-19 Deferred revenueStart of year $10,000$10,000
X-26 Total liabilitiesStart of year $650,706$563,355
X-32 Total net assets or fund balancesStart of year $148,465$157,019
X-33 Total liabilities and net assetsStart of year $799,171$720,374
Part XI · Reconciliation of net assets $157,019 net assets at year end
XI-1 Total revenue$131,761
XI-2 Total expenses$123,207
XI-3 Revenue less expenses$8,554
XI-4 Net assets at start of year$148,465
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$157,019

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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