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Serc INC FY2021 filing

IRS exemption revoked

Louisville, KYUnknown exempt organization EIN 23-7134151Revenue $264K in FY2021

On file with the IRSserc-nahro.org13413 Forest Springs Dr · Louisville, KY

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The mission is to provide quality education and training, information, networking opportunities and advocacy to its members.

96¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $15K a year · 4% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 28.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $325
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$68K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$264K
-15% vs prior year
Spent
$264K
To programs
96%
Net assets
$569K
By yearFY2020–FY2022
Revenue
$264K
FY2021▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$311K
FY2021$264K
FY2022$538K
Expenses
$264K
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$258K
FY2021$264K
FY2022$547K
Net assets
$569K
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$580K
FY2021$569K
FY2022$561K

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

990 PDF Claim
IRS revoked this organization's tax-exempt status on February 15, 2026
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $254K Management & general 4% · $10K

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

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Who runs it and what they're paid

18 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$4,000Pt VII · Sec A
Shauna Bloom
Kentucky Sta
$0Pt VII · Sec A
Maria Catron
Tennessee St
$0Pt VII · Sec A
James Cox
VP of Housin
$0Pt VII · Sec A
Michael Dineen
N Carolina S
$0Pt VII · Sec A
$0Pt VII · Sec A
Connie Howard
VP of Pro. D
$0Pt VII · Sec A
Harry Howe
VP of Commis
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Shaundra Clark$4,000$4,000—
Mark Taylor——$4,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Serc INC executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers education, training, information, networking, and advocacy for members.

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Provided by the organization

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1 program · $254K · in their own filed words · FY2020
01

To provide training, meetings, and conventions within the territorial limits of alabama, florida, georgia, kentucky, mississippi, north carolina, south carolina, tennessee, virginia, west virginia, and the territories of puerto rico and the virgin islands.

$254Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Chaney Foundation LtdFY2022$325
Total grants receivedfrom 1 funder$325
Grants paid · 3 grants · $329K · 2019–2021
Serc-NahroKY · FY2021$120,763
Serc-NahroKY · FY2020$81,871
Serc-NahroKY · FY2019$126,797

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$264K
Ln 12
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$123K
Other incomeLn 4–11$2K
Money outPt IX
$264K
Ln 25
Programscol B$254K
Managementcol C$10K
Owns and owesPt X
$569K
net assets · Ln 32
Cash and savingsLn 1–2$636K
Total assetsLn 16$638K
LiabilitiesLn 26$68K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$123K
Investment incomeLn 3$585
Other incomeLn 4–11$2K
Total revenueLn 12$264K
Assets in detailPt X, end of year
CashLn 1$158K
SavingsLn 2$478K
Cash and savings togetherLn 1–2$636K
Total assetsLn 16$638K
LiabilitiesLn 26$68K
Net assetsLn 32$569K
OperationsPt I, VI
EmployeesI 50
VolunteersI 647
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$595K$636K
Total assetsLn 16$598K$638K
LiabilitiesLn 26$18K$68K
Net assetsLn 32$580K$569K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$82K$82K
Pay of current officers, directors and key staffLn 5$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$175K$173K$2K
Total functional expensesLn 25$264K$254K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $538K$547K−$9K$561K 990 PDF
FY2021 Viewing $264K$264K−$129$569K 990 PDF
FY2020 $311K$258K$53K$580K 990 PDF

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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 $264,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,122$138,734
I-9 Program service revenuePrior year $194,375$123,100
I-10 Investment incomePrior year $1,079$585
I-11 Other revenuePrior year $874$1,809
I-12 Total revenuePrior year $311,450$264,228
I-13 Grants and similar amounts paidPrior year $126,797$81,871
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,000$4,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $127,689$178,486
I-18 Total expensesPrior year $258,486$264,357
I-19 Revenue less expensesPrior year $52,964−$129
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $264,228 across 7 lines filed
VIII-1b Membership dues$109,638
VIII-1f All other contributions, gifts and grants$29,096
VIII-1h Total contributions, gifts and grants$138,734
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $123,100$123,100
VIII-3 Investment incomeExcluded from tax $585$585
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,809$1,809
VIII-12 Total revenueRelated to mission $124,909 · Excluded from tax $585$264,228
Part IX · Statement of functional expenses $264,357 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $81,871$81,871
IX-5 Pay of current officers, directors and key staffManagement $4,000$4,000
IX-23 InsuranceManagement $3,898$3,898
IX-24 Other expenses (24a–d)Programs $172,569 · Management $2,019$174,588
IX-25 Total functional expensesPrograms $254,440 · Management $9,917 · Fundraising $0$264,357
Part X · Balance sheet $637,584 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $119,823$157,990
X-2 Savings and temporary cash investmentsStart of year $475,274$477,846
X-9 Prepaid expenses and deferred chargesStart of year $3,178$1,748
X-16 Total assetsStart of year $598,275$637,584
X-17 Accounts payable and accrued expenses$4,048
X-19 Deferred revenueStart of year $17,819$64,150
X-26 Total liabilitiesStart of year $17,819$68,198
X-27 Net assets without donor restrictionsStart of year $580,456$569,386
X-32 Total net assets or fund balancesStart of year $580,456$569,386
X-33 Total liabilities and net assetsStart of year $598,275$637,584
Part XI · Reconciliation of net assets $569,386 net assets at year end
XI-1 Total revenue$264,228
XI-2 Total expenses$264,357
XI-3 Revenue less expenses−$129
XI-4 Net assets at start of year$580,456
XI-8 Prior period adjustments−$10,941
XI-10 Net assets at end of year$569,386

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

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