Ser Development I Inc
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.
Key facts about Ser Development I Inc
In short: Ser Development I Inc gave $631K across 1 grant in 2025 (avg $631K), mostly in North Carolina. Source: 2025 IRS Form 990.
- EIN
- 82-4464493
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $630,609
- Grants made (2025)
- 1
- Average grant
- $630,609
- Median grant
- $630,609
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
—
Annual Giving
$631K
-7.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$631K
-7.3% YoY
How Ser Development I Inc gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
From the foundation's IRS Form 990 filings. Methodology.
About Ser Development I Inc
Based on IRS filings
Ser Development I Inc is a public charity, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $631K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $631K (2025) to $735K (2021). In 2025 it made 1 grant totaling $631K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Young Men's Christian Association of the Triangle Area Inc ($631K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Young Men's Christian Association of the Triangle Area Inc Raleigh, NC | General Support | $630,609 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $19,469,118 | $20,188,385 |
| Revenue | $6,884,760 | $881,175 | $881,175 |
| Expenses | $1,338,241 | $1,759,791 | $1,755,752 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 23, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 14, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS July 27, 2020)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Ser Development I Inc is led by Lisa Martin, Chair & President since 2022 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lisa Martin
Chair & President
President → Chairman & President, 2020
Chairman & President → Chair & President, 2022
On filings since 2019
2 hrs/week
No compensation reported
Johnny Tillett
Secretary
On filings since 2019
2 hrs/week
No compensation reported
Lacy Presnell
Member
On filings since 2019
2 hrs/week
No compensation reported
Page Allen
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Richard Boyette
Vice Chair
Vice Chairman → Vice Chair, 2022
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ser Development I Inc
How much does Ser Development I Inc give each year?
Ser Development I Inc gave $631K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $680K across 1 grant.
Where does Ser Development I Inc operate?
Ser Development I Inc has awarded grants in North Carolina.
What is Ser Development I Inc's EIN?
Ser Development I Inc's EIN (Employer Identification Number) is 82-4464493. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Ser Development I Inc by hand.
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