Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $67,332

• 1f · All other contributions, gifts and grants

  $154,051

• 8a · Fundraising events: gross income

  $220,140

• 8b · Fundraising events: direct expenses

  $74,932

• 8c · Net income from fundraising events

  total $145,208 · excluded $145,208

• 9a · Gaming: gross income

  $40,140

• 9b · Gaming: direct expenses

  $27,519

• 9c · Net income from gaming

  total $12,621 · excluded $12,621

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $97,378 · fundraising $97,378

• 7 · Other salaries and wages

  total $248,160 · program services $248,160

• 9 · Other employee benefits

  total $33,394 · program services $33,394

• 10 · Payroll taxes

  total $13,330 · program services $13,330

• 11g · Fees: other

  total $56,747 · management and general $56,747

• 13 · Office expenses

  total $71,726 · management and general $71,726

• 14 · Information technology

  total $813 · management and general $813

• 16 · Occupancy

  total $1,743 · management and general $1,743

• 17 · Travel

  total $4,810 · management and general $4,810

• 24a · Other expenses: MISC FUNDRAISING EXPENS

  total $36,476 · fundraising $36,476

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $368,503 · end of year $223,631

• 4 · Accounts receivable

  beginning of year $8,000 · end of year $31,000

• 25 · Other liabilities

  beginning of year $555,736 · end of year $619,229

• 27 · Net assets without donor restrictions

  beginning of year -$249,498 · end of year -$527,701

• 28 · Net assets with donor restrictions

  beginning of year $70,265 · end of year $163,103

The filer's explanations (Part III)

PART I, LINE 3

THE CENTER FOR ELDER'S INDEPENDENCE, INC.'S BOARD OF DIRECTORS APPROVES THE SALARY FOR THE EXECUTIVES. FOR NEW EXECUTIVE EMPLOYEES, GENERALLY, A WAGE AND SALARY SURVEY IS CONDUCTED TO IDENTIFY COMPETITIVE RATES OF COMPENSATION PAID TO EMPLOYEES PERFORMING SIMILAR DUTIES AND HAVING SIMILAR RESPONSIBILITIES IN A SIMILAR ORGANIZATION. SIMILAR REFERS TO SUCH THINGS AS THE LEVEL OF THE POSITION WITHIN THE ORGANIZATION, OVERALL BUDGET OF THE ORGANIZATION, AND AN ANALYSIS OF THE LEVEL DEFINING CHARACTERISTICS OF THE JOB. THE BOARD CONSIDERS ALL THE FACTORS (INCLUDING THE POTENTIAL EMPLOYEES' CURRENT LEVEL OF COMPENSATION, LOCATION, AND OTHER RELEVANT FACTORS) AND AFTER NEGOTIATION WITH THE POTENTIAL EXECUTIVE EMPLOYEE, ARRIVES AT THE COMPENSATION TO BE PAID. INCREASES ARE PERIODICALLY CONSIDERED BY THE BOARD AND, IF REQUESTED, ADDITIONAL WAGE AND SALARY INFORMATION IS OBTAINED.

PART I, LINE 7

ALL CORPORATE DISCRETIONARY BONUSES ARE NON-FIXED PAYMENTS. THERE IS NO CONTRACT FOR ANY EMPLOYEE TO RECEIVE A BONUS IN EXCHANGE FOR PROVIDING SERVICES.