Sero Project INC FY2020 filing

Nashua, IA · Public charity (501(c)(3)) · Diseases & Disorders

✓ Tax-deductible Latest data FY2020
Revenue
$580K
Spent
$512K
To programs
65%
Net assets
$113K
By yearFY2020–FY2024
Revenue
$580K
FY2020
Revenue by fiscal year
FY2020$580K
FY2021$870K
FY2022$3.4M
FY2023$1.4M
FY2024$1.3M
Expenses
$512K
FY2020
Expenses by fiscal year
FY2020$512K
FY2021$787K
FY2022$1.0M
FY2023$1.4M
FY2024$1.2M
Net assets
$113K
FY2020
Net assets by fiscal year
FY2020$113K
FY2021$229K
FY2022$246K
FY2023$357K
FY2024$719K
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).

Figures match the IRS filing checked 9/27/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Elizabeth Taylor Aids Foundation C/O Gcbm
$32K in the latest grant year.
Spent on programs?
65% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
Legal name (IRS)Hdr · item CSero Project INC
EINHdr · item D46-1626584
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2013
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNashua, IA
NTEE classificationIRS BMFDiseases & Disorders (G81)
WebsiteHdr · item Jwww.seroproject.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.22 Fundraising $0.14
Program services65%$331K
Management & general22%$111K
Fundraising14%$70K
Total functional expensesLn 25$512K

Financial health

Program efficiency
65%
of spending reaches programs
Operating runway
29.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$1.2M
FY2020
Total assets by fiscal year
FY2020$1.2M
FY2021$984K
FY2022$2.8M
FY2023$2.4M
FY2024$1.9M
Total liabilities
$1.1M
FY2020
Total liabilities by fiscal year
FY2020$1.1M
FY2021$755K
FY2022$2.5M
FY2023$2.0M
FY2024$1.2M
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$113K
Months of cash on handcomputed28.4

Statement of Revenue

Part VIII
Contributions & grants$364K · 63%
Program service revenue$149K · 26%
Other revenue$66K · 11%
Contributions & grants63%$364K
Program service revenue26%$149K
Other revenue11%$66K
Investment income$564
Total revenueLn 12$580K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses (Pt IX) $512K · Less non-cash grants $20K · Cash operating expenses/yr $492K
29.5 months
Where the money goes
Program services
Program services $331K · Total expenses $512K
65%
Management & General
Management & general $111K · Total expenses $512K
22%
Fundraising
Fundraising $70K · Total expenses $512K
14%
Cost to raise $1
Fundraising expense $70K · Solicited contributions $364K
$0.19 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $364K · Total revenue $580K
63%
Government reliance
Government grants — · Total revenue $580K
—
Earned-income share
Program service revenue $149K · Total revenue $580K
26%
Investment reliance
Investment income $564 · Total revenue $580K
+0.10%
Program self-sufficiency
Program service revenue $149K · Total expenses $512K
29%
Growth & trend
Revenue growth (YoY)
This year $580K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $113K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $580K · Expenses $512K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $113K · Total assets $1.2M
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sean Strub · Reported title PRESIDENT · Highest reported compensation $79K · Total expenses $512K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $258K · Total expenses $512K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%——
Overhead ratio 22%——
Fundraising cost ratio 19%——
Accounting fee ratio 1.0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$78,604Pt VII · Sec A
Treasurer
$47,162Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kamaria Laffrey’s $61K as Co Executive is at the 7th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sean Strub—$77,000$77,000$77,000$78,604
Kamaria Laffrey$61,481$55,000———
Tamara Haught$61,096$55,400$46,200$46,200$47,162

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Advocates against HIV criminalization and stigma, working for justice and freedom.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $331K of program spending, described in the organization's own filed words · FY2020.
01

Sero's hiv criminalization work includes raising public awareness through community education efforts and outreach to mobilize and advocate for reform.

$331Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$32K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $1.3M$1.2M-9% 990 PDF
FY2023 $1.4M$1.4M-58% 990 PDF
FY2022 $3.4M$1.0M+288% 990 PDF
FY2021 $870K$787K+50% 990 PDF
FY2020 Viewing $580K$512K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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