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Nonprofiteer
← SERVICESOURCE FOUNDATION INC

Form 990 for tax year 2022

Filed by SERVICESOURCE FOUNDATION INC.

Totals

Total revenue
$3,825,965
Total expenses
$1,213,682
Contributions and grants received
$3,548,761
Grants paid
$1,181,177
Program service revenue
$0
Investment income
$277,204
Other revenue
$0
Total assets, end of year
$16,319,184
Total liabilities, end of year
$32,164
Net assets or fund balances, end of year
$16,287,020
Program services expenses (Part IX)
$1,181,177
Management and general expenses
$32,505
Fundraising expenses
$0
Program service expenses (Part III)
$1,181,177

Program services were 97.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $30,860

  • 1f · All other contributions, gifts and grants

    $3,517,901

  • 3 · Investment income

    total $277,204 · excluded $277,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,135,303 · program services $1,135,303

  • 2 · Grants to domestic individuals

    total $45,874 · program services $45,874

  • 11f · Fees: investment management

    total $29,006 · management and general $29,006

  • 11g · Fees: other

    total $3,499 · management and general $3,499

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,230,999 · end of year $5,665,097

  • 11 · Investments: publicly traded securities

    beginning of year $9,056,060 · end of year $10,654,087

  • 15 · Other assets

    beginning of year $37,849 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $32,164

  • 27 · Net assets without donor restrictions

    beginning of year $1,600,839 · end of year $2,790,334

  • 28 · Net assets with donor restrictions

    beginning of year $11,724,069 · end of year $13,496,686

Mission and programs · 2022

Mission

TO PROVIDE FUNDING TO SUPPORT UNFUNDED OR UNDER-FUNDED PROGRAMS FOR PEOPLE WITH DISABILITIES.

  • SEE SCHEDULE O.THE SERVICESOURCE FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT WAS ESTABLISHED IN 2004 TO RAISE DONOR SUPPORT TO PROVIDE GAP FUNDING FOR CRITICAL PROGRAMS OF SERVICESOURCE, INC., AND ITS AFFILIATED ORGANIZATIONS (SERVICESOURCE). ALL SERVICESOURCE ORGANIZATIONS SHARE A COMMON MISSION TO FACILITATE SERVICES, RESOURCES, AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES. THE SERVICESOURCE FOUNDATION IS A SEPARATE 501(C)(3) ORGANIZATION GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES. NINETY-NINE (99) CENTS OF EVERY DOLLAR DONATED TO THE SERVICESOURCE FOUNDATION IS USED IN DIRECT SUPPORT OF THE PEOPLE AND PROGRAMS OF SERVICESOURCE. THE SERVICESOURCE FOUNDATION OFTEN PROVIDES START-UP FUNDING FOR NEW INITIATIVES AND/OR GAP FUNDING FOR UNFUNDED AND UNDER-FUNDED PROGRAMS. PROGRAMS FUNDEDTHE SERVICESOURCE FOUNDATION PROVIDES CRITICAL GAP FUNDING FOR UNDER-FUNDED OR UN-FUNDED PROGRAMS ACROSS ALL SERVICESOURCE REGIONAL OFFICES. DONORS MAY RESTRICT THEIR FUNDING TO SUPPORT PROGRAMS IN THEIR LOCAL COMMUNITY.IN FY 2023, MORE THAN $2,000,000 IN PROGRAM SUPPORT WAS ALLOCATED. PROGRAMS FUNDED INCLUDED THE FOLLOWING: - FAMILY SUPPORT SERVICES (ALL REGIONS) - CARE MANAGEMENT SERVICES (VA)- ELLMORE FARMHOUSE LTCIS (VA)- TRANSPORTATION SERVICES (ALL REGIONS)- LONG TERM COMMUNITY INTEGRATION SERVICES (VA AND NC) - BLOOM ARTISAN (VA, NC AND UT) - WARRIOR BRIDGE (NC AND FL) - DAY PROGRAMS (NC) - FINANCEABILITY (DE) - CUSTOMIZED EMPLOYMENT (UT) - HIGH SCHOOL/HIGH TECH (FL)- OPPORTUNITY CALLS CALL CENTER (FL) THE SERVICESOURCE FOUNDATION FUNDS PROGRAMS IN ALL FIVE SERVICESOURCE REGIONS, INCLUDING VIRGINIA, NORTH CAROLINA, DELAWARE, UTAH, AND FLORIDA. DONORS MAY DESIGNATE A GEOGRAPHIC REGION OR SPECIFIC PROGRAM WHEN MAKING DONATIONS TO THE SERVICESOURCE FOUNDATION.

    Expenses $1,181,177 · Grants $1,181,177

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Wardinski

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Lee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nino R Vaghi

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Drfranklin Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phoebe Craven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James L Francis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brad Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dale E Powell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Janet Samuelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Ralph W Shrader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joseph Sorota

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Washkewicz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Albert Wu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bruce Patterson

    PRESIDENT/CEO

    Total calculated
    $608,776
    From this org
    $0
    From related orgs
    $570,603
    Other
    $38,173
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,471 related
    Bonus
    $0 + $104,662 related
    Other
    $0 + $23,470 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,173 related
    Filer's total
    $0 + $608,776 related

  • Nathaniel Hoover

    CHIEF FINANCIAL OFFICER

    Total calculated
    $354,977
    From this org
    $0
    From related orgs
    $343,563
    Other
    $11,414
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,657 related
    Bonus
    $0 + $62,500 related
    Other
    $0 + $406 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,414 related
    Filer's total
    $0 + $354,977 related

  • Mark Hall

    PRESIDENT (RETIRED 10/22)

    Total calculated
    $444,584
    From this org
    $0
    From related orgs
    $408,678
    Other
    $35,906
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,962 related
    Bonus
    $0 + $85,930 related
    Other
    $0 + $22,786 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,906 related
    Filer's total
    $0 + $444,584 related

  • Lisa Ward

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $345,167
    From this org
    $0
    From related orgs
    $307,078
    Other
    $38,089
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,848 related
    Bonus
    $0 + $48,296 related
    Other
    $0 + $14,934 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,089 related
    Filer's total
    $0 + $345,167 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 January 2024
IRS schema version
2022v5.0
Source object
202420319349300207

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