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Serenity Foundation LLC FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Mental HealthEIN 85-1226861Revenue $161K in FY2023

On file with the IRSserenityfoundationusa.org712 N Dearborn Street, 60654-3846 · Chicago, ILTax-exempt since Aug 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The Serenity Foundation, a 501(c)(3) not-for-profit organization, aspires to improve the mental health of the community IT serves by sponsoring ketamine infusion-based treatment for depression, ptsd, addiction, and other mental health issues to those struggling with financial means and failed conventional medications and treatments.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
+0.09% vs prior year
Spent
$183K
To programs
99%
Net assets
$259
By yearFY2021–FY2024
Revenue
$161K
FY2023+0.09%
Tap a bar for its year
Revenue by fiscal year
FY2021$118K
FY2022$161K
FY2023$161K
FY2024$38K
Net assets
$259
FY2023▼ -99%
Tap a bar for its year
Net assets by fiscal year
FY2021$74K
FY2022$23K
FY2023$259
FY2024$15K

From the FY2023 Form 990 · 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 Aug 2020.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $181K Management & general 1% · $2K Fundraising 0% · $465

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Serenity Foundation LLC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sponsors ketamine infusions for mental health to those with financial struggles.

Questions for Serenity Foundation LLC

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Provided by the organization

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1 program · $181K · in their own filed words · FY2023
01

The serenity foundation shall use any donations it receives to help fund ketamine infusion treatment to economically disadvantaged persons that suffer from mental health issues such as depression, anxiety, PTSD, and bipolar disorders, and promote mental health awareness in the chicagoland area.

$181Kprogram 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 · FY2023
American Endowment FoundationFY2023$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 1 grant · $149K · 2023–2023
Unitemized GrantFY2023$149,425

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$213K
Money outPt IX
$183K
Ln 25
Programscol B$181K
Managementcol C$2K
Fundraisingcol D$465
Owns and owesPt X
$259
net assets · Ln 32
Cash and savingsLn 1–2$259
Total assetsLn 16$259
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$213K
Noncash giftsLn 1g$13K
Fundraising eventsLn 1c$165K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$259
Cash and savings togetherLn 1–2$259
Total assetsLn 16$259
LiabilitiesLn 26$0
Net assetsLn 32$259
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$23K$259
Total assetsLn 16$23K$259
LiabilitiesLn 26$0$0
Net assetsLn 32$23K$259
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$149K$149K
Other fees for servicesLn 11g$31K$31K
Information technologyLn 14$2K$1K$465
Other expenses (24a–d)Ln 24$992$376$616
Total functional expensesLn 25$183K$181K$2K$465

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $38K$15K 990 PDF
FY2023 Viewing $161K$183K−$23K$259 990 PDF
FY2022 $161K$23K 990 PDF
FY2021 $118K$74K 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 $160,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $163,146$213,483
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$2,400−$52,598
I-12 Total revenuePrior year $160,746$160,885
I-13 Grants and similar amounts paidPrior year $205,645$149,425
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,313$34,041
I-18 Total expensesPrior year $211,958$183,466
I-19 Revenue less expensesPrior year −$51,212−$22,581
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $160,885 across 6 lines filed
VIII-1c Fundraising events$165,030
VIII-1f All other contributions, gifts and grants$48,453
VIII-1g Noncash contributions (included above)$13,155
VIII-1h Total contributions, gifts and grants$213,483
VIII-8 Net income from fundraising events−$52,598
VIII-12 Total revenue$160,885
Part IX · Statement of functional expenses $183,466 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $149,425$149,425
IX-11g Other fees for servicesPrograms $31,190$31,190
IX-14 Information technologyManagement $1,394 · Fundraising $465$1,859
IX-24 Other expenses (24a–d)Programs $376 · Management $616$992
IX-25 Total functional expensesPrograms $180,991 · Management $2,010 · Fundraising $465$183,466
Part X · Balance sheet $259 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $22,840$259
X-16 Total assetsStart of year $22,840$259
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $7,840$259
X-32 Total net assets or fund balancesStart of year $22,840$259
X-33 Total liabilities and net assetsStart of year $22,840$259
Part XI · Reconciliation of net assets $259 net assets at year end
XI-1 Total revenue$160,885
XI-2 Total expenses$183,466
XI-3 Revenue less expenses−$22,581
XI-4 Net assets at start of year$22,840
XI-10 Net assets at end of year$259

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

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