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Nonprofiteer
← FUND FOR THE AGED INC

Form 990 for tax year 2023

Filed by FUND FOR THE AGED INC.

Totals

Total revenue
$5,964,288
Total expenses
$11,013,128
Contributions and grants received
$3,887,425
Grants paid
$9,122,505
Program service revenue
$0
Investment income
$2,387,165
Other revenue
-$310,302
Total assets, end of year
$94,234,693
Total liabilities, end of year
$100,877
Net assets or fund balances, end of year
$94,133,816
Program services expenses (Part IX)
$9,122,515
Management and general expenses
$505,671
Fundraising expenses
$1,384,942
Program service expenses (Part III)
$9,122,515

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALAN ALTSCHULER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • ELIZABETH PAGEL SEREBRANSKY

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • JEFFREY I FARBER MD

    PRESIDENT & CEO

    Total calculated
    $1,212,894
    From this org
    $0
    From related orgs
    $1,151,356
    Other
    $61,538
    Hours/week
    0.65 + 44.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $926,051 related
    Bonus
    $0 + $224,063 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $10,342 related
    Nontaxable benefits
    $0 + $51,196 related
    Filer's total
    $0 + $1,212,894 related

  • JONATHAN HOCHBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • MICHAEL LUSKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • TAMI SCHNEIDER

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • LYNN OBERLANDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • MARK WEISS

    CFO

    Total calculated
    $597,446
    From this org
    $0
    From related orgs
    $574,754
    Other
    $22,692
    Hours/week
    0.65 + 44.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,389 related
    Bonus
    $0 + $55,123 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $5,336 related
    Nontaxable benefits
    $0 + $17,356 related
    Filer's total
    $0 + $597,446 related

  • ALYSSA HERMAN

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $382,394
    From this org
    $324,551
    From related orgs
    $0
    Other
    $57,843
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $300,612
    Bonus
    $23,249
    Other
    $690
    Deferred
    $3,147
    Nontaxable benefits
    $54,696
    Filer's total
    $382,394

  • TAMAR MAJOR

    VP OF DEVELOPMENT

    Total calculated
    $297,663
    From this org
    $244,210
    From related orgs
    $0
    Other
    $53,453
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $217,504
    Bonus
    $25,416
    Other
    $1,290
    Deferred
    $2,258
    Nontaxable benefits
    $51,195
    Filer's total
    $297,663

  • TAMARA THOMPSON

    SENIOR DIRECTOR

    Total calculated
    $173,262
    From this org
    $146,226
    From related orgs
    $0
    Other
    $27,036
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $144,936
    Bonus
    $0
    Other
    $1,290
    Deferred
    $0
    Nontaxable benefits
    $27,036
    Filer's total
    $173,262

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE PRESIDENT AND CEO PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN WITH A RELATED ORGANIZATION.
PART I, LINE 7
THE BONUSES ARE BASED UPON EMPLOYEES ACHIEVING GOALS SET AT THE BEGINNING OF THE YEAR. THE BONUS IS RECOMMENDED TO THE COMPENSATION COMMITTEE CHAIRED BY AND INDEPENDENT DIRECTOR OF THE NEW JEWISH HOME.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FUND FOR THE AGED HOLDING LLC

    OWNS PROPERTY OF TWO DELAWARE LLC'S · NY · income $0 · assets $0

    Directly controlled by FUND FOR THE AGED

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202403119349302260

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