Service For Peace Inc

EIN: 030388426 501(c)(3) Human Services

West Haven, CT

Total Revenue
$173,978
Total Expenses
$166,629
Total Assets
$55,120
Net Assets
$55,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
Ocean Charles-Thomas Phil
Phone
2033390064
Tax Period
2023-10-01 to 2024-09-30

Service For Peace Inc, founded in 2002, is a small nonprofit in the Human Services sector that reported $174K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $167K left a modest 4% surplus.

Mission

Service For Peace (SFP) is a non-profit organization that promotes community driven development and transforms communities in the Dominican Republic through shared experiences with Dominican and USA university student volunteers.

Program Service Accomplishments

Program 1
Expenses: $150,349 Revenue: $48,250

In fiscal 2024, Service For Peace mobilized an estimated total of 348 volunteers, including 108 from the United States and 240 from the Dominican Republic. This joint effort achieved significant...

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In fiscal 2024, Service For Peace mobilized an estimated total of 348 volunteers, including 108 from the United States and 240 from the Dominican Republic. This joint effort achieved significant community milestones,such as providing access to safe water for 134 familes through the installation of water storage tanks and fileters, as well as building homes for 10 families in need. Additionally, 130 school supply kits and 120 toys were distributed, directly benefiting children in the served communities. These initiatives reflect the organization's ongoing commitment to sustainable development and the well-being of vulnerable communities.For the upcoming fiscal year, Service For Peace has set ambitious goals, including integrating three new members into its board of directors and launching an ambassador group at NC State University with 10 members, while strengthening the existing group at AppState with 10 new participants. The organization also plans to reforest 5,000 pine trees, provide safe water access to an additional 130 families, and mobilize a total of 470 volunteers from the United States and the Dominican Republic. Furthermore, it aims to donate 250 school supply kits, 100 toys, and train 30 community leaders in Juan Adrin, indirectly impacting 450 families. Lastly, it plans to support the training of 20 entrepreneurs in collaboration with the Universidad Accin Pro-Educacin y Cultura (APEC).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $125,725
Program Service Revenue $48,250
Investment Income $3
Other Revenue $0
TOTAL REVENUE $173,978

Expense Breakdown

Grants Paid $116,892
Salaries & Benefits $45,316
Fundraising Expenses $0
Program Expenses $150,349
Other Expenses $4,421
TOTAL EXPENSES $166,629

Year-over-Year Comparison

2023 2022 Change
Revenue $173,978 $139,901 +0.2%
Expenses $166,629 $164,090 +0.0%
Net Income $7,349 $-24,189 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
1
Volunteers
348

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$41,802
Total Directors
7
$41,802
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ken Bates Chairman 1.00
Director
$0 $0 $0
Ocean Charles-Thomas Phillips Executive Director 25.00
Officer Director
$41,802 $0 $41,802
CJ Barnes Director 0.50
Director
$0 $0 $0
Mike Giancola Director 0.50
Director
$0 $0 $0
Brent Alan James Director 0.50
Director
$0 $0 $0
Joan Mateo Director 0.50
Director
$0 $0 $0
Debra Prykanowsky Director 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $173,978 $166,629 $55,120 $7,349
2023 $139,901 $164,090 $47,771 $-24,189
2022 $73,008 $99,079 $71,960 $-26,071
2021 $154,130 $105,133 $98,031 $48,997
2020 $197,500 $137,871 $60,934 $59,629
2019 $161,634 $161,293 $64,405 $341
2018 $183,921 $304,719 $64,577 $-120,798
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