SER Development I Inc (4598-SO1)
SER Development I, Inc. was organized for the exclusive purpose of holding a title to a parcel of real property located at 1436 Rock Quarry Road, Raleigh, NC 27610, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the Young Men's Christian Association of the Triangle Area, Inc. The organization developed, constructed and equipped and leased the development project for use as a YMCA facility, which includes a wellness center, parking lot, gymnasium, outdoor swimming pool, exercise studios, and other athletic and recreational amenities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.5M
-3.6% YoY
Annual Giving
$680K
+0.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$680K
+0.4% YoY
About SER Development I Inc (4598-SO1)
Based on IRS filings
SER Development I Inc (4598-SO1) is a nonprofit organization, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.5M in total assets. In 2024, it awarded 1 grants totaling $680K.
Ready to take the next step with SER Development I Inc (4598-SO1)?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,469,118 | $20,188,385 | $20,932,104 |
| Revenue | $881,175 | $881,175 | $881,175 |
| Expenses | $1,759,791 | $1,755,752 | $1,882,042 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Young Men's Christian Association of the Triangle Area Inc ($679,957).
| Recipient | Purpose | Amount |
|---|---|---|
| THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA INC Raleigh, NC | General Support | $679,957 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHNNY TILLETT | SECRETARY | 2 | — |
| LISA MARTIN | CHAIR & PRESIDENT | 2 | — |
| PAGE ALLEN | TREASURER | 2 | — |
| RICHARD BOYETTE | VICE CHAIR | 2 | — |
| LACY PRESNELL | MEMBER | 2 | — |
Frequently Asked Questions
How large is SER Development I Inc (4598-SO1)?
As of 2024, SER Development I Inc (4598-SO1) holds $19.5M in total assets with $881K in annual revenue. It awarded 1 grants totaling $680K in 2024.
Where does SER Development I Inc (4598-SO1) operate?
SER Development I Inc (4598-SO1) has awarded grants in North Carolina.
What size grants does SER Development I Inc (4598-SO1) award?
In 2024, SER Development I Inc (4598-SO1) awarded 1 grants totaling $680K — an average of about $680K per grant, based on its IRS Form 990 filings.
What is SER Development I Inc (4598-SO1)'s EIN?
SER Development I Inc (4598-SO1)'s EIN (Employer Identification Number) is 82-4464493. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in SER Development I Inc (4598-SO1)'s focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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