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Nonprofiteer
← SERVICESOURCE FOUNDATION INC

Form 990 for tax year 2023

Filed by SERVICESOURCE FOUNDATION INC.

Totals

Total revenue
$1,788,004
Total expenses
$2,140,855
Contributions and grants received
$1,313,123
Grants paid
$2,103,092
Program service revenue
$0
Investment income
$474,881
Other revenue
$0
Total assets, end of year
$16,408,553
Total liabilities, end of year
$4,746
Net assets or fund balances, end of year
$16,403,807
Program services expenses (Part IX)
$2,103,092
Management and general expenses
$37,763
Fundraising expenses
$0
Program service expenses (Part III)
$2,103,092

Program services were 98.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,313,123

  • 3 · Investment income

    total $474,881 · excluded $474,881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,076,387 · program services $2,076,387

  • 2 · Grants to domestic individuals

    total $26,705 · program services $26,705

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 11f · Fees: investment management

    total $33,302 · management and general $33,302

  • 11g · Fees: other

    total $1,492 · management and general $1,492

  • 24e · All other expenses

    total $1,119 · management and general $1,119

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,665,097 · end of year $4,818,792

  • 9 · Prepaid expenses and deferred charges

    end of year $20,550

  • 11 · Investments: publicly traded securities

    beginning of year $10,654,087 · end of year $11,565,303

  • 15 · Other assets

    beginning of year $0 · end of year $3,908

  • 18 · Grants payable

    beginning of year $0 · end of year $4,746

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $2,790,334 · end of year $3,347,551

  • 28 · Net assets with donor restrictions

    beginning of year $13,496,686 · end of year $13,056,256

Mission and programs · 2023

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 2024, 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 $2,103,092 · Grants $2,103,092

As filed on the 2023 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

  • Albert Wu

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr Franklin Clark III

    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

  • Dr Ralph W Shrader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Washkewicz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Janet Samuelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joseph Sorota

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bruce Patterson

    PRESIDENT/CEO

    Total calculated
    $636,644
    From this org
    $0
    From related orgs
    $596,281
    Other
    $40,363
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,916 related
    Bonus
    $0 + $109,895 related
    Other
    $0 + $23,470 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,363 related
    Filer's total
    $0 + $636,644 related

  • Lisa Ward

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $360,455
    From this org
    $0
    From related orgs
    $318,180
    Other
    $42,275
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,139 related
    Bonus
    $0 + $50,106 related
    Other
    $0 + $14,935 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $42,275 related
    Filer's total
    $0 + $360,455 related

  • Nathaniel Hoover

    CHIEF FINANCIAL OFFICER

    Total calculated
    $368,417
    From this org
    $0
    From related orgs
    $366,470
    Other
    $1,947
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,176 related
    Bonus
    $0 + $74,844 related
    Other
    $0 + $450 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,947 related
    Filer's total
    $0 + $368,417 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
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202501209349303705

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