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Serefit Corp EIN 34-1852921

Serefit Corp

EIN  34-1852921 Private foundation / grantmaker Beachwood, OH
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Size
$100K–1M
What they do
A private foundation based in Beachwood, OH. It reported about $102K in revenue for 2024.
Leadership
Howard Zelczer · Trustee
Money in and out
$102K revenue, $545K expenses
Bottom line
—

A private foundation based in Beachwood, OH. It reported about $102K in revenue for 2024. For fiscal year 2024 it reported $102K in revenue, $545K in expenses, and $970K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$545K
Pt IX · Ln 25
Net assets
$970K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$442K
Total assets
1.1M
deployed as grants and operations
Grants paid
511K
in FY2024
Grants made
36grants
total in period
Payout rate
48%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 36 grants · $511K · 2024–2024
Yeshiva Shaarei ChaimNY · FY2024$200,000
Chai Lifeline INCNY · FY2024$100,000
Cong Lev SimchaFY2024$85,000
Basis Medrash ChodoshFY2024$40,371
American Friends of Belz INCNY · FY2024$26,000
Yeshiva Ohr Yehuda INCNJ · FY2024$10,000
Maarat Hamachpala Fund INCNJ · FY2024$10,000
Tiferes Yaakov INCNY · FY2024$7,000
Chesed Fund ShemirasFY2024$6,357
Im EshkachechFY2024$5,000
Congreation Bais ShalomFY2024$2,500
Chofetz Chaim Heritage FoundationNY · FY2024$2,000
Keren Olam Hatorah INCNJ · FY2024$1,500
Friends of Zichron MeirNY · FY2024$1,500
Congregation Torah UtefilahOH · FY2024$1,500
Tomchei Shabbos of LakewoodFY2024$1,200
Keren Hashviis INCNY · FY2024$1,120
Keren Ahavas ChesedNY · FY2024$1,000
See all 36 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV17
Average grantPart XV$14K
Median grantPart XV$1K
Largest grantPart XV$200K
Top cause focusNTEEReligion (19%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$102K
FY2024▲ +206%
Expenses
$545K
FY2024▲ +67%
Total assets
$1.1M
FY2024▼ -26%
Total liabilities
$85K
FY2024▲ +789%
Total revenue
$102K
Pt VIII · Ln 12
Total expenses
$545K
Pt IX · Ln 25
Net assets
$970K
Pt X · Ln 32
Total assetsPt II$1.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSerefit Corp
EINHdr · item D34-1852921
Principal addressHdr · item CBeachwood, OH
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFDec 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Serefit Corp executive salaries →

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Statement of Revenue

Part VIII
Investment income$66K · 64%
Contributions & grants$37K · 36%
Investment income64%$66K
Contributions & grants36%$37K
Total revenueLn 12$102K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.94 Operating & administrative $0.06
Grants & contributions paid94%$511K
Operating & administrative6%$33K
Total functional expensesLn 25$545K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$1.1M
Total liabilitiesLn 26$85K
Total net assetsLn 32$970K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $102K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $102K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $102K · Prior year $-97K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $27K · FY2024 $102K
+40%
Net-asset trend (YoY)
End of year $970K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $102K · Expenses $545K
-432%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $970K · Total assets $1.1M
92%
People & payroll
Highest Reported Total Compensation
Individual Howard Zelczer · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $545K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 206%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$102K revenue · viewing · ⤓ 990 PDF
FY2023$-97K revenue · ⤓ 990 PDF
FY2022$76K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$27K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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