Overview
What is Sertoma Inc?
Sertoma Inc, based in Kansas City, Missouri, serves as a nonprofit organization that primarily supports charitable initiatives and local Sertoma clubs. Their primary activities involve offering scholarships, named gifts, and matching grants to centers, clubs, and affiliates to enhance programs and equipment related to speech, language, and hearing issues. The organization's mission is to foster educational and philanthropic endeavors, contributing to the betterment of their communities. With a team of 13 dedicated individuals, Sertoma Inc continues to make a significant impact in supporting various charitable organizations.
Official website here: www.sertoma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating, 74%
Sertoma Inc has received a "Needs Improvement" rating, reflecting a score of 74%. While the organization exhibits some positive attributes, such as a strong audit and oversight committee and a favorable liabilities to assets ratio, its governance structure raises concerns. Notably, the board lacks independent members, which has contributed to a lower accountability score.
Strengths include a solid program expense ratio of 67.41%, indicating that a significant portion of funds is directed towards its mission-related activities. Additionally, the organization has established policies for conflicts of interest, document retention, and has documentation of board meeting minutes, which are all positive indicators of operational transparency.
However, limitations are evident, particularly the absence of a whistleblower policy and the failure to post tax forms on its website, which detracts from its overall governance and accountability. These areas highlight the need for Sertoma Inc to enhance its transparency and board independence to improve its standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sertoma Inc legitimate?
Sertoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sertoma Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,810
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,377
For more financial information, click here
Official website here: www.sertoma.org
What is the mission statement of Sertoma Inc?
Sertoma Inc's mission is centered around supporting charitable organizations and local Sertoma clubs. They fulfill this mission by providing various program services, including scholarships, named gifts, and matching grants for centers, clubs, and affiliates to enhance their speech, language, and hearing-related equipment and programs. Additionally, Sertoma Inc supports and sponsors educational and philanthropic enterprises and initiatives. The organization actively engages in sponsoring various endeavors to contribute to their cause.
Official website here: www.sertoma.org
Who is the CEO of Sertoma Inc?
Gretchen Nielsen is the President of Sertoma Inc.
Official website here: www.sertoma.org
What is the revenue of Sertoma Inc?
Sertoma Inc's revenue in 2023 was $1,865,897.
Official website here: www.sertoma.org
Who are the executives of Sertoma Inc and what are their salaries?
The average compensation at Sertoma Inc during 2023 was $32,707. There are 13 employees at Sertoma Inc.
Here are 14 key members and their salaries:
- Compensation: $112,500
- Related: $0
- Other: $3,310
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.sertoma.org
Where can I find the form 990 for Sertoma Inc?
Sertoma Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sertoma.org
Learn more at the official website: www.sertoma.org
Mission Statement of Sertoma Inc
Sertoma Inc, a charitable organization, is dedicated to providing support and resources to both local Sertoma clubs and various charitable organizations. Their mission is multifaceted, encompassing the provision of scholarships, named gifts, and matching grants. These funds are primarily allocated to centers, clubs, and affiliates, with a focus on programs and equipment related to speech, language, and hearing problems. By offering such assistance, Sertoma Inc aims to empower these organizations in their quest to improve the lives of individuals facing these challenges. Furthermore, the nonprofit organization supports and sponsors a variety of educational and philanthropic endeavors and initiatives, contributing to the betterment of communities and individuals in need.
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Impact
July, 2024
Sertoma Inc's impact is evident in its support of charitable organizations and local Sertoma clubs, particularly in the areas of speech, language, and hearing problems. Through scholarships, named gifts, and matching grants, Sertoma Inc enables centers, clubs, and affiliates to acquire the necessary equipment and programs to address these issues effectively. By sponsoring educational and philanthropic initiatives, Sertoma Inc embodies its mission of supporting charitable organizations and local Sertoma clubs, ultimately making a significant difference in the human services sector.
This information is meant to be a general summary of Sertoma Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $828,336
- Program Service Revenue: $698,972
- Gross Receipts: $4,005,727
Assets and Liabilities:
- Total Assets: $14,046,973
- Total Liabilities: $350,621
- Net Assets: $13,696,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONVENTION
Revenue
$63,879
DIVISION REVENUE
Revenue
$20,509
Membership Dues & Assessments
Revenue
$614,584
Organization Details
Phone
(816) 333-8300Principal Officer
Gretchen Nielsen
Main Address
720 MAIN STREET FL1, KANSAS CITY, MO, 64105
Website
www.sertoma.orgNTEE Category
Code: P87 - Human services
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