Sero Project INC FY2023 filing

Tax-deductible

Nashua, IA501(c)(3)Diseases & DisordersEIN 46-1626584Revenue $1.4M in FY2023

On file with the IRSseroproject.com2698 Exeter Avenue, 50658-9715 · Nashua, IATax-exempt since Jun 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Sero Project INC. (Sero) is a network of people with HIV and allies fighting for freedom from stigma and injustice. Sero is particularly focused on ending inappropriate criminal prosecution of people with HIV, including for non-disclosure of their HIV status, potential or percieved HIV exposure, or HIV transmission. Sero's HIV criminalization work includes raising public awareness through community education efforts and outreach to mobilize and advocate for reform.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$187K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $530K a year · 35% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$187K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 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
$1.4M
-58% vs prior year
Spent
$1.4M
To programs
87%
Net assets
$357K
By yearFY2020–FY2024
Revenue
$1.4M
FY2023▼ -58%
Tap a bar for its year
Revenue by fiscal year
FY2020$580K
FY2021$870K
FY2022$3.4M
FY2023$1.4M
FY2024$1.3M
Expenses
$1.4M
FY2023▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$787K
FY2022$1.0M
FY2023$1.4M
FY2024$1.2M
Net assets
$357K
FY2023▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$113K
FY2021$229K
FY2022$246K
FY2023$357K
FY2024$719K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Jun 2013.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.2M Management & general 9% · $128K Fundraising 3% · $46K

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

6 people listed on the 990; $187K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Presid
$77,000Pt VII · Sec A
Co-Exec Dire
$55,400Pt VII · Sec A
Co Executive
$55,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
$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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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

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

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2023
01

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

$1.2Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$102K
Investment incomeLn 3$60K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$128K
Fundraisingcol D$46K
Owns and owesPt X
$357K
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$26K
Fees for servicesLn 2g$102K
Investment incomeLn 3$60K
Gains on assetsLn 7−$330
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$466K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.3M
Other assetsLn 15$4K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$357K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.7M$2.3M
Total assetsLn 16$2.8M$2.4M
LiabilitiesLn 26$2.5M$2.0M
Net assetsLn 32$246K$357K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$187K$155K$16K$16K
Other salaries and wagesLn 7$194K$160K$17K$17K
Other employee benefitsLn 9$4K$4K$374$374
Payroll taxesLn 10$30K$25K$3K$3K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$2K$2K$181$181
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$35K$15K$12K$8K
OccupancyLn 16$4K$4K
TravelLn 17$26K$26K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$823K$804K$18K$1K
Total functional expensesLn 25$1.4M$1.2M$128K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$103K$719K 990 PDF
FY2023 Viewing $1.4M$1.4M$51K$357K 990 PDF
FY2022 $3.4M$1.0M$2.3M$246K 990 PDF
FY2021 $870K$787K$83K$229K 990 PDF
FY2020 $580K$512K$68K$113K 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
See the full FY2023 990 (6 parts)
Part I · Summary $1,416,100 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,310,217$1,254,580
I-9 Program service revenuePrior year $61,478$101,845
I-10 Investment incomePrior year $7,871$59,675
I-11 Other revenue$0
I-12 Total revenuePrior year $3,379,566$1,416,100
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $440,309$416,043
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $595,540$948,696
I-18 Total expensesPrior year $1,035,849$1,364,739
I-19 Revenue less expensesPrior year $2,343,717$51,361
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,416,100 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,254,580
VIII-1g Noncash contributions (included above)$25,528
VIII-1h Total contributions, gifts and grants$1,254,580
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,845$101,845
VIII-3 Investment incomeExcluded from tax $60,005$60,005
VIII-7 Net gain or loss on sales of assetsRelated to mission −$330−$330
VIII-12 Total revenueRelated to mission $101,515 · Excluded from tax $60,005$1,416,100
Part IX · Statement of functional expenses $1,364,739 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $154,704 · Management $16,348 · Fundraising $16,348$187,400
IX-7 Other salaries and wagesPrograms $160,273 · Management $16,937 · Fundraising $16,937$194,147
IX-9 Other employee benefitsPrograms $3,540 · Management $374 · Fundraising $374$4,288
IX-10 Payroll taxesPrograms $24,938 · Management $2,635 · Fundraising $2,635$30,208
IX-11b Legal feesManagement $43,687$43,687
IX-11c Accounting feesManagement $10,750$10,750
IX-11g Other fees for servicesPrograms $1,712 · Management $181 · Fundraising $181$2,074
IX-12 Advertising and promotionFundraising $1,122$1,122
IX-13 Office expensesPrograms $14,917 · Management $11,988 · Fundraising $7,608$34,513
IX-16 OccupancyManagement $4,000$4,000
IX-17 TravelPrograms $25,668$25,668
IX-23 InsuranceManagement $3,518$3,518
IX-24 Other expenses (24a–d)Programs $804,161 · Management $17,956 · Fundraising $1,247$823,364
IX-25 Total functional expensesPrograms $1,189,913 · Management $128,374 · Fundraising $46,452$1,364,739
Part X · Balance sheet $2,355,510 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $527,522$466,092
X-2 Savings and temporary cash investmentsStart of year $2,216,049$1,857,864
X-3 Pledges and grants receivableStart of year $22,000$19,420
X-4 Accounts receivableStart of year $15,050$8,204
X-15 Other assetsStart of year $6,105$3,930
X-16 Total assetsStart of year $2,786,726$2,355,510
X-17 Accounts payable and accrued expensesStart of year $34,648$9,500
X-19 Deferred revenueStart of year $113,866$1,723,426
X-25 Other liabilitiesStart of year $2,392,702$265,178
X-26 Total liabilitiesStart of year $2,541,216$1,998,104
X-32 Total net assets or fund balancesStart of year $245,510$357,406
X-33 Total liabilities and net assetsStart of year $2,786,726$2,355,510
Part XI · Reconciliation of net assets $357,406 net assets at year end
XI-1 Total revenue$1,416,100
XI-2 Total expenses$1,364,739
XI-3 Revenue less expenses$51,361
XI-4 Net assets at start of year$245,510
XI-9 Other changes in net assets$60,535
XI-10 Net assets at end of year$357,406

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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