Serendipity Mercantile FY2022 filing

Tax-deductible

Bloomington, IL501(c)(3)Human ServicesEIN 87-4669195Revenue $87K in FY2022

On file with the IRSserendipitymercantile.org902 Iaa Drive, 61701-2205 · Bloomington, ILTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To support non-profits in bloomington normal by giving a portion of our revenue each week. We seek to honor jesus in all we DO.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$24K 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

FY2022 · 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
2 of 3
filings with a surplus
Average deficit $4K a year · 4% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87K
Spent
$87K
To programs
100%
Net assets
$7K
By yearFY2022–FY2024
Revenue
$87K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$87K
FY2023$131K
FY2024$152K
Expenses
$87K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$87K
FY2023$147K
FY2024$150K
Net assets
$7K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$7K
FY2023−$2K
FY2024$200

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Apr 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $87K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
$13,709Pt VII · Sec A
$10,032Pt VII · Sec A

Danielle Salz’s $30K as Officer is at the 17th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Danielle Salz$29,504$29,650$13,709
Laura Burke$29,404$25,948$10,032

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Giving a portion of weekly revenue to support local nonprofits.

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Provided by the organization

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1 program · $87K · in their own filed words · FY2022
01

To support non-profits in bloomington normal we gave a portion of our revenue each week. We seek to honor jesus in all we do.

$87Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $12K · 2024–2024
Individual RecipientFY2024$7,903
Unitemized GrantFY2024$3,730

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$87K
Ln 12
Gifts and grantsLn 1h$87K
Money outPt IX
$87K
Ln 25
Programscol B$87K
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$14K
LiabilitiesLn 26$6K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Noncash giftsLn 1g$87K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$14K
LiabilitiesLn 26$6K
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$11K
Total assetsLn 16$0$14K
LiabilitiesLn 26$0$6K
Net assetsLn 32$0$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$4K$4K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
OccupancyLn 16$30K$30K
TravelLn 17$62$62
Conferences, conventions and meetingsLn 19$36$36
InsuranceLn 23$467$467
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$87K$87K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $152K$150K$2K$200 990 PDF
FY2023 $131K$147K−$16K−$2K 990 PDF
FY2022 Viewing $87K$87K$0$7K 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 FY2022 990 (6 parts)
Part I · Summary $87,324 revenue, 12 lines filed
I-8 Contributions and grants$87,324
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$87,324
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$30,991
I-16a Professional fundraising fees$0
I-17 Other expenses$56,333
I-18 Total expenses$87,324
I-19 Revenue less expenses$0
Part VI · Governance 0 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $87,324 across 4 lines filed
VIII-1f All other contributions, gifts and grants$87,324
VIII-1g Noncash contributions (included above)$87,324
VIII-1h Total contributions, gifts and grants$87,324
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$87,324
Part IX · Statement of functional expenses $87,324 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $23,741$23,741
IX-7 Other salaries and wagesPrograms $4,239$4,239
IX-10 Payroll taxesPrograms $3,011$3,011
IX-11b Legal feesPrograms $1,876$1,876
IX-11c Accounting feesPrograms $4,736$4,736
IX-11g Other fees for servicesPrograms $1,030$1,030
IX-12 Advertising and promotionPrograms $1,823$1,823
IX-13 Office expensesPrograms $6,874$6,874
IX-16 OccupancyPrograms $30,117$30,117
IX-17 TravelPrograms $62$62
IX-19 Conferences, conventions and meetingsPrograms $36$36
IX-23 InsurancePrograms $467$467
IX-24 Other expenses (24a–d)Programs $6,529$6,529
IX-24e All other expensesPrograms $2,783$2,783
IX-25 Total functional expensesPrograms $87,324 · Management $0 · Fundraising $0$87,324
Part X · Balance sheet $13,716 assets, 7 lines filed
X-1 Cash, non-interest-bearing$10,733
X-4 Accounts receivable$2,983
X-16 Total assetsStart of year $0$13,716
X-24 Unsecured notes and loans payable$6,244
X-26 Total liabilitiesStart of year $0$6,244
X-32 Total net assets or fund balancesStart of year $0$7,472
X-33 Total liabilities and net assetsStart of year $0$13,716
Part XI · Reconciliation of net assets $7,472 net assets at year end
XI-1 Total revenue$87,324
XI-2 Total expenses$87,324
XI-3 Revenue less expenses$0
XI-9 Other changes in net assets$7,472
XI-10 Net assets at end of year$7,472

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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