Serendipity Mercantile

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 874669195 ✦ Bloomington, IL ✦ Designated as a 501(c)(3)

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Overview

What is Serendipity Mercantile?

Serendipity Mercantile is a small nonprofit enterprise based in Bloomington, Illinois. Their primary mission is to contribute a portion of their weekly earnings to support local charities in the Bloomington-Normal area. This commitment to giving back is deeply rooted in their belief in honoring Jesus in all their activities. The nonprofit employs a team of three individuals. While the details about the specific nonprofits they support are not provided, it's clear that Serendipity Mercantile is dedicated to making a positive impact in its community.


Official website here: www.serendipitymercantile.org

Is Serendipity Mercantile legitimate?

Serendipity Mercantile is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serendipity Mercantile 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: $23,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,239

For more financial information, click here


Official website here: www.serendipitymercantile.org

What is the mission statement of Serendipity Mercantile?

Serendipity Mercantile's mission is centered around supporting local non-profit organizations in their operations. They accomplish this by donating a portion of their weekly revenue. Furthermore, the business is deeply committed to upholding its values and honoring Jesus in all its activities. This mission statement signifies their dedication to giving back to the community and operating with a strong ethical foundation. The company's contributions to local non-profits help strengthen various community initiatives and improve the overall well-being of the area.


Official website here: www.serendipitymercantile.org

Who is the CEO of Serendipity Mercantile?

Laura Burke is the Officer of Serendipity Mercantile.


Official website here: www.serendipitymercantile.org

What is the revenue of Serendipity Mercantile?

Serendipity Mercantile's revenue in 2022 was $87,324.


Official website here: www.serendipitymercantile.org

Who are the executives of Serendipity Mercantile and what are their salaries?

The average compensation at Serendipity Mercantile during 2022 was $9,327. There are 3 employees at Serendipity Mercantile.


Here are 2 key members and their salaries:


Danielle Salz (Officer)
  • Compensation: $13,709
  • Related: $0
  • Other: $0
Laura Burke (Officer)
  • Compensation: $10,032
  • Related: $0
  • Other: $0


Official website here: www.serendipitymercantile.org

Where can I find the form 990 for Serendipity Mercantile?

Serendipity Mercantile's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.serendipitymercantile.org

Learn more at the official website: www.serendipitymercantile.org

Mission Statement of Serendipity Mercantile

Serendipity Mercantile is a business dedicated to supporting non-profit organizations in its local community of Bloomington Normal. The company demonstrates its commitment by donating a portion of its weekly revenue. Beyond financial assistance, Serendipity Mercantile strives to honor Jesus in all its endeavors. This mission statement suggests that the company's actions are driven by a strong moral and spiritual ethos, with a focus on giving back to the community and upholding Christian values. By supporting local non-profits, Serendipity Mercantile contributes to the betterment of its community, demonstrating a sense of social responsibility and a commitment to making a positive impact.

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Impact




October, 2024

Serendipity Mercantile makes a significant impact on the Bloomington-Normal community by actively supporting local non-profit organizations. Each week, the Mercantile allocates a portion of its revenue to these organizations, directly contributing to their initiatives and sustainability. This support enhances the capacity of local non-profits to provide vital services and programs, fostering a stronger, more vibrant community.

In addition to financial contributions, Serendipity Mercantile promotes collaboration and community engagement, encouraging residents to get involved with local non-profits. By creating a space where faith and service intersect, they aim to reflect their commitment to honoring Jesus in all they do. The Mercantile not only serves as a business but also as a catalyst for positive change, enriching the lives of individuals and families in the area. Their ongoing efforts contribute to the well-being of the community and demonstrate the power of collective action in making a meaningful difference.




This information is meant to be a general summary of Serendipity Mercantile. 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.

Revenue
$87,324 (2022)
Expenses
$87,324 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $87,324

Assets and Liabilities:

  • Total Assets: $13,716
  • Total Liabilities: $6,244
  • Net Assets: $7,472

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Organization Details

Founding Year

2022

Principal Officer

Laura Burke

Main Address

902 IAA DRIVE STE 61701, BLOOMINGTON, IL, 61701

NTEE Category

Code: P29 - Human services

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