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Nonprofiteer
← FUND FOR THE AGED INC

Form 990 for tax year 2024

Filed by FUND FOR THE AGED INC.

Totals

Total revenue
$7,258,050
Total expenses
$7,819,001
Contributions and grants received
$4,246,909
Grants paid
$6,092,342
Program service revenue
$0
Investment income
$3,331,622
Other revenue
-$320,481
Total assets, end of year
$95,100,235
Total liabilities, end of year
$194,508
Net assets or fund balances, end of year
$94,905,727
Program services expenses (Part IX)
$6,092,342
Management and general expenses
$456,254
Fundraising expenses
$1,270,405
Program service expenses (Part III)
$6,092,342

Program services were 77.9% 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.

  • 1a · Federated campaigns

    $692,719

  • 1c · Fundraising events

    $1,026,080

  • 1f · All other contributions, gifts and grants

    $2,528,110

  • 1g · Noncash contributions included above

    $19,651

  • 3 · Investment income

    total $767,714 · excluded $767,714

  • 7a · Gross sales of assets other than inventory

    securities $64,229,965 · other assets $350,000

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

    securities $61,516,057 · other assets $500,000

  • 7c · Gain or loss

    securities $2,713,908 · other assets -$150,000

  • 7d · Net gain or loss

    total $2,563,908 · excluded $2,563,908

  • 8a · Fundraising events: gross income

    $51,450

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

    $1,026,080

  • 8b · Fundraising events: direct expenses

    $371,931

  • 8c · Net income from fundraising events

    total -$320,481 · excluded -$320,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,092,342 · program services $6,092,342

  • 7 · Other salaries and wages

    total $658,451 · fundraising $658,451

  • 8 · Pension plan contributions

    total $30,052 · fundraising $30,052

  • 9 · Other employee benefits

    total $156,811 · fundraising $156,811

  • 10 · Payroll taxes

    total $45,235 · fundraising $45,235

  • 11a · Fees: management

    total $64,906 · fundraising $64,906

  • 11b · Fees: legal

    total $4,127 · fundraising $4,127

  • 11f · Fees: investment management

    total $267,983 · management and general $267,983

  • 11g · Fees: other

    total $177,735 · fundraising $177,735

  • 12 · Advertising and promotion

    total $23,000 · fundraising $23,000

  • 13 · Office expenses

    total $16,162 · fundraising $16,162

  • 14 · Information technology

    total $11,020 · fundraising $11,020

  • 16 · Occupancy

    total $59,176 · fundraising $59,176

  • 17 · Travel

    total $8,808 · fundraising $8,808

  • 19 · Conferences, conventions and meetings

    total $1,167 · fundraising $1,167

  • 22 · Depreciation, depletion and amortization

    total $8,466 · fundraising $8,466

  • 24a · Other expenses: HOME OFFICE TRANSFERS

    total $188,271 · management and general $188,271

  • 24b · Other expenses: OTHER FUNDRAISING EXPEN

    total $5,039 · fundraising $5,039

  • 24e · All other expenses

    total $250 · fundraising $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $884,430 · end of year $538,645

  • 2 · Savings and temporary cash investments

    beginning of year $6,262,338 · end of year $3,374,607

  • 3 · Pledges and grants receivable

    beginning of year $600,585 · end of year $958,931

  • 4 · Accounts receivable

    beginning of year $39,710 · end of year $23,334

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,789 · end of year $102,743

  • 10a · Land, buildings and equipment: cost or other basis

    $86,925

  • 10b · Land, buildings and equipment: accumulated depreciation

    $71,212

  • 10c · Land, buildings and equipment, net

    beginning of year $519,975 · end of year $15,713

  • 11 · Investments: publicly traded securities

    beginning of year $23,472,768 · end of year $23,638,975

  • 12 · Investments: other securities

    beginning of year $27,389,292 · end of year $18,749,942

  • 15 · Other assets

    beginning of year $34,939,806 · end of year $47,697,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,612 · end of year $115,224

  • 25 · Other liabilities

    beginning of year $89,265 · end of year $79,284

  • 27 · Net assets without donor restrictions

    beginning of year $54,829,069 · end of year $57,323,750

  • 28 · Net assets with donor restrictions

    beginning of year $39,304,747 · end of year $37,581,977

Mission and programs · 2024

Mission

OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.

  • THE FOUNDATION CREATES MEANINGFUL PHILANTHROPIC PARTNERSHIPS WITH INDIVIDUAL DONORS, FOUNDATIONS, CORPORATIONS, AND AGENCIES. DONATIONS FUND A WIDE ARRAY OF PROGRAMS INCLUDING BUT NOT LIMITED TO PALLIATIVE CARE, VOLUNTEER SUPPORT, INTERGENERATIONAL YOUTH PROGRAMS, TECHNOLOGY INITIATIVES, DINNING ASSISTANCE, AND RELIGIOUS LIFE PROGRAMMING.

    Expenses $6,092,342 · Grants $6,092,342

As filed on the 2024 return.

Listed in Part VII

  • Alan Altschuler

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • Aran Ron MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • Jeffrey I Farber MD

    PRESIDENT & CEO

    Total calculated
    $1,116,400
    From this org
    $0
    From related orgs
    $1,048,790
    Other
    $67,610
    Hours/week
    0.65 + 44.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $987,548 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $53,810 related
    Filer's total
    $0 + $1,116,400 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

  • William Blumstein

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • Lisa Feiner

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 2.6 related

  • Mark Weiss

    CFO

    Total calculated
    $568,601
    From this org
    $0
    From related orgs
    $536,009
    Other
    $32,592
    Hours/week
    0.65 + 44.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $533,728 related
    Bonus
    $0
    Other
    $0 + $2,281 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $18,792 related
    Filer's total
    $0 + $568,601 related

  • Alyssa Herman

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $380,496
    From this org
    $317,140
    From related orgs
    $0
    Other
    $63,356
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $316,450
    Bonus
    $0
    Other
    $690
    Deferred
    $11,158
    Nontaxable benefits
    $52,198
    Filer's total
    $380,496

  • Tamar Major

    VP OF DEVELOPMENT

    Total calculated
    $151,468
    From this org
    $120,129
    From related orgs
    $0
    Other
    $31,339
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $119,166
    Bonus
    $0
    Other
    $963
    Deferred
    $4,079
    Nontaxable benefits
    $27,260
    Filer's total
    $151,468

  • Tamara Thompson

    SENIOR DIRECTOR

    Total calculated
    $179,966
    From this org
    $150,537
    From related orgs
    $0
    Other
    $29,429
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $149,247
    Bonus
    $0
    Other
    $1,290
    Deferred
    $0
    Nontaxable benefits
    $29,429
    Filer's total
    $179,966

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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY RELATED ORGANIZATION, JHL CORPORATE SERVICES, INC.
PART I, LINE 4B
THE PRESIDENT AND CEO PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN WITH A RELATED ORGANIZATION.

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.

  • 102 WEST 107TH STREET CORPORATION

    C · PARKING GARAGE · NY

  • 2614 KINGSBRIDGE CORP

    C · PARKING GARAGE · NY

  • GC DEVELOPMENT HOLDINGS

    C · PERSONAL CARE WORKER · NY

  • JEWISH HOME LIFECARE MANAGEMENT LLC

    C · PERSONAL CARE WORKER · NY

  • JEWISH HOME LIFECARE TRANSPORTATION

    C · PARKING GARAGE · NY

  • JEWISH HOME LIFECARE HOME ASSISTANCE

    C · PERSONAL CARE WORKER · NY

  • JEWISH HOME LIFECARE SPECTRUM SERVICES

    C · PERSONAL CARE WORKER · NY

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202503109349301810

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