Serenity Foundation Llc
Nonprofit profile at a glance
- EIN
- 851226861
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
- Location
- Chicago, IL, USA
- Phone
- 3128207571
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $37,625
- Expenses
- $23,262
- Assets
- $14,622
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- GURIQBAL S NANDRA (CHAIRMAN)
- IRVIN WIESMAN (MEMBER)
- MARC STRONGIN (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The serenity foundation, a 501(c)(3) not-for-profit organization, aspires to improve the mental health of the community it serves by sponsoring ketamine infusion-based treatment for depression, ptsd, addiction, and other mental health issues to those struggling with financial means and failed conventional medications and treatments.
What it reported doing in 2024
The serenity foundation shall use any donations it receives to help fund ketamine infusion treatment to economically disadvantaged persons that suffer from mental health issues such as depression, anxiety, ptsd, and bipolar disorders, and promote mental health awareness in the chicagoland area. Approximately 100% of all funds (donations and fees raised by any charity events) shall be used for promoting our charitable purpose.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 100
- Sustainability: 57
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.1%; rating input score 27
- Program expense ratio: 43.8%; rating input score 44
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 38.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -30.3% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -20.2% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -71.9% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 27.1% of revenue deployed · 43.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 27/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.