SEREOLIPI NOMADIC EDUCATION FOUNDA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

AMRA MAJA SERDAREVIC

Tax Period

2023-01-01 to 2023-12-31

SEREOLIPI NOMADIC EDUCATION FOUNDATION INC, founded in 2006, is a small nonprofit in the International Affairs sector that reported $531K in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 22% operating margin.

Mission

TO RAISE MONEY TO SUPPORT THE EDUCATION OF NOMADIC CHILDREN IN KENYA.

Program Service Accomplishments

Program 1

IN 2022 THE FOUNDATION OPERATED (11) NOMANDIC PRESCHOOLS, WITH AN AVERAGE TOTAL OF 355 CHILDREN AGES 2-6. THE FOUNDATION PROVIDES TEACHING MATERIALS, FOOD, SALARIES FOR A TEACHER AND A COOK. THE...

IN 2022 THE FOUNDATION OPERATED (11) NOMANDIC PRESCHOOLS, WITH AN AVERAGE TOTAL OF 355 CHILDREN AGES 2-6. THE FOUNDATION PROVIDES TEACHING MATERIALS, FOOD, SALARIES FOR A TEACHER AND A COOK. THE CHILDREN ARE TAUGHT NUMBERS, ALPHABET AND SIMPLE ENGLISH.

Program 2

THE FOUNDATION ASSISTED (3) GOVERNMENT RUN PRIMARY SCHOOLS WITH THE AVERAGE TOTAL OF 1199 STUDENTS. THE FOUNDATION PROVIDED FOOD, UNIFORMS, TEXTBOOKS, LIBRARY SUPPLIES, EXAM MATERIALS, DORMITORY...

THE FOUNDATION ASSISTED (3) GOVERNMENT RUN PRIMARY SCHOOLS WITH THE AVERAGE TOTAL OF 1199 STUDENTS. THE FOUNDATION PROVIDED FOOD, UNIFORMS, TEXTBOOKS, LIBRARY SUPPLIES, EXAM MATERIALS, DORMITORY SUPPLIES, (2) DAILY MEALS FOR BOARDERS (ABOUT 50% OF THE STUDENT BODY) AND (20) ADDITIONAL TEACHERS. THE FOUNDATION ALSO ORGANIZED DAILY AFTER CLASS READING, WRITING AND COMPREHENSION INSTRUCTIONS IN EACH SCHOOL.

Program 3

THE FOUNDATION ASSISTED (2) GOVERNMENT FUN SECONDARY SCHOOLS WITH THE AVERAGE TOTAL OF (200) STUDENTS AND (2) TEACHERS. THE FOUNDATION PROVIDED LAPTOP COMPUTERS, CHEMISTRY LAB EQUIPMENT IN ADDITION TO REFURBISHING THE DORMITORY. THE FOUNDATION OPERATED SCHOLARSHIP PROGRAM FOR (128) HIGH SCHOOL AND COLLEGE STUDENTS. ALL STUDENTS RECEIVE FULL SCHOLARSHIP THAT COVERS ALL EXPENSES. THE FOUNDATION EMPLOYES (2) MENTORS WHO HELP STUDENTS NAVIGATE THROUGH THE EDUCATIONAL SYSTEM AND ORGANIZE REMEDIAL CLASSES DURING SCHOOL HOLIDAYS. IN ADDITION, THE FOUNDATION PROVIDED COMPUTERS TO A NUMBER OF COLLEGE STUDENTS, WHICH HAS BECEOME A NEW REQUIREMENT IN MANY COLLEGES SINCE THE COVID19 PANDEMIC'S INTRODUCTION OF ONLINE CLASSES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $530,830

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $530,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,054

Program Expenses $402,000

Other Expenses $414,976

TOTAL EXPENSES $414,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,830	$259,585	+1.0%
Expenses	$414,976	$427,440	0.0%
Net Income	$115,854	$-167,855	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ASHEN	DIRECTOR	N/A	Director	$0	$0	$0
CLODAGH AUBRY	DIRECTOR	N/A	Director	$0	$0	$0
GERARD GOVAERTS	DIRECTOR	N/A	Director	$0	$0	$0
LORI LUM	DIRECTOR	N/A	Director	$0	$0	$0
JANE NEWMAN	DIRECTOR	N/A	Director	$0	$0	$0
LINDA PAGAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
TUKER ROBBINS	DIRECTOR	N/A	Director	$0	$0	$0
AMRA MAJA SERDAREVIC	TREASURER	N/A	Officer 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	No data	No data	No data	No data
2023	$530,830	$414,976	$234,814	$115,854
2022	$259,585	$427,440	$118,960	$-167,855
2021	$457,354	$384,927	$286,815	$72,427
2020	$303,920	$290,085	$214,388	$13,835
2019	$509,953	$472,772	$200,553	$37,181
2018	$364,804	$288,578	$163,372	$76,226

SEREOLIPI NOMADIC EDUCATION FOUNDATION INC