Skip to content
Nonprofiteer
← FUTURA AGE FOUNDATION

Form 990 for tax year 2024

Filed by FUTURA AGE FOUNDATION.

Totals

Total revenue
$662,339
Total expenses
$488,366
Contributions and grants received
$453,920
Grants paid
$356,226
Program service revenue
$0
Investment income
$272,294
Other revenue
-$63,875
Total assets, end of year
$7,806,108
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,806,108
Program services expenses (Part IX)
$488,366
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$488,366

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $7,214

  • 1f · All other contributions, gifts and grants

    $446,706

  • 3 · Investment income

    total $143,919 · excluded $143,919

  • 7a · Gross sales of assets other than inventory

    securities $158,032

  • 7b · Less cost or other basis and sales expenses

    securities $29,657

  • 7c · Gain or loss

    securities $128,375

  • 7d · Net gain or loss

    total $128,375 · excluded $128,375

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $7,214

  • 8b · Fundraising events: direct expenses

    $63,875

  • 8c · Net income from fundraising events

    total -$63,875 · excluded -$63,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $356,226 · program services $356,226

  • 7 · Other salaries and wages

    total $57,949 · program services $57,949

  • 9 · Other employee benefits

    total $377 · program services $377

  • 10 · Payroll taxes

    total $4,460 · program services $4,460

  • 11f · Fees: investment management

    total $49,151 · program services $49,151

  • 11g · Fees: other

    total $4,296 · program services $4,296

  • 12 · Advertising and promotion

    total $199 · program services $199

  • 13 · Office expenses

    total $11,123 · program services $11,123

  • 19 · Conferences, conventions and meetings

    total $317 · program services $317

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,155 · program services $2,155

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $2,113 · program services $2,113

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $6,861,566 · end of year $7,636,521

  • 12 · Investments: other securities

    beginning of year $153,607 · end of year $163,487

  • 15 · Other assets

    beginning of year $15,249 · end of year $6,100

  • 27 · Net assets without donor restrictions

    beginning of year $5,868,219 · end of year $6,628,735

  • 28 · Net assets with donor restrictions

    beginning of year $1,162,203 · end of year $1,177,373

Mission and programs · 2024

Mission

TO ENABLE ELISEO TO ENHANCE SERVICES TO SENIORS.

  • FOUNDATION EXPENSES ARE RELATED TO ENABLING ELISEO TO EXPAND ITS SERVICES TO THE ELDERLY COMMUNITY. ELISEO IS A NON-DENOMINATIONAL SENIOR COMMUNITY WHERE RESIDENTS FIND TRUE KINSHIP AND FUN. IT IS THE ONLY NONPROFIT CAMPUS IN PIERCE COUNTY THAT OFFERS A FULL CONTINUUM OF QUALITY CARE AT AN AFFORDABLE PRICE AND PARTICIPATES IN MEDICARE AND MEDICAID.

    Expenses $488,366 · Grants $356,226

As filed on the 2024 return.

Listed in Part VII

  • Stephanie Schramm

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Molly Axworthy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Dick Beeson

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Ed Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Dennis Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Doug Page

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Margaret Spangler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bob Norman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Edna Shimm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • R Kevin McFeely

    PRESIDENT/CEO

    Total calculated
    $566,071
    From this org
    $0
    From related orgs
    $520,729
    Other
    $45,342
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,729 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $45,342 related
    Filer's total
    $0 + $566,071 related

  • David Hoffman

    VICE PRESIDENT OF FINANCE

    Total calculated
    $402,106
    From this org
    $0
    From related orgs
    $371,240
    Other
    $30,866
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,240 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,866 related
    Filer's total
    $0 + $402,106 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1, LINE3:
ELISEO USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE PRESIDENT/CEO: 1. COMPENSATION COMMITTEE 2. FROM 990 OF OTHER ORGANIZATIONS 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ELISEO

    $356,226

    GENERAL OPERATING SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ELISEO

    501(C) · LIFE PLAN COMMUNITY · WA

    Directly controlled by FUTURA AGE

  • FOSS HOME & VILLAGE

    501(C) · NURSING HOME AND ASSISTED LIVING · WA

    Directly controlled by FUTURE AGE

  • FUTURA AGE

    501(C) · MANAGEMENT SERVICES · WA

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202522829349301602

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.