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Nonprofiteer
← FUTURA AGE FOUNDATION

Form 990 for tax year 2023

Filed by FUTURA AGE FOUNDATION.

Totals

Total revenue
$981,611
Total expenses
$1,133,684
Contributions and grants received
$270,371
Grants paid
$967,146
Program service revenue
$0
Investment income
$761,463
Other revenue
-$50,223
Total assets, end of year
$7,030,422
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,030,422
Program services expenses (Part IX)
$1,133,684
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,133,684

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

    $180,228

  • 1f · All other contributions, gifts and grants

    $90,143

  • 3 · Investment income

    total $140,951 · excluded $140,951

  • 7a · Gross sales of assets other than inventory

    securities $620,512

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

    securities $0

  • 7c · Gain or loss

    securities $620,512

  • 7d · Net gain or loss

    total $620,512 · excluded $620,512

  • 8a · Fundraising events: gross income

    $16,000

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

    $180,228

  • 8b · Fundraising events: direct expenses

    $66,223

  • 8c · Net income from fundraising events

    total -$50,223 · excluded -$50,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $967,146 · program services $967,146

  • 7 · Other salaries and wages

    total $90,563 · program services $90,563

  • 9 · Other employee benefits

    total $5,885 · program services $5,885

  • 10 · Payroll taxes

    total $6,207 · program services $6,207

  • 11f · Fees: investment management

    total $42,415 · program services $42,415

  • 11g · Fees: other

    total $5,210 · program services $5,210

  • 12 · Advertising and promotion

    total $2,526 · program services $2,526

  • 13 · Office expenses

    total $8,589 · program services $8,589

  • 19 · Conferences, conventions and meetings

    total $1,720 · program services $1,720

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $2,417 · program services $2,417

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,006 · program services $1,006

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $5,962,581 · end of year $6,861,566

  • 12 · Investments: other securities

    beginning of year $138,083 · end of year $153,607

  • 15 · Other assets

    beginning of year $24,399 · end of year $15,249

  • 27 · Net assets without donor restrictions

    beginning of year $4,979,384 · end of year $5,868,219

  • 28 · Net assets with donor restrictions

    beginning of year $1,145,679 · end of year $1,162,203

Mission and programs · 2023

Mission

TO ENABLE ELISEO TO ENHANCE SERVICES TO THE ELDERLY.

  • 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 $1,133,684 · Grants $967,146

As filed on the 2023 return.

Listed in Part VII

  • R Kevin McFeely

    PRESIDENT/CEO

    Total calculated
    $533,379
    From this org
    $0
    From related orgs
    $493,378
    Other
    $40,001
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,001 related
    Filer's total
    $0 + $533,379 related

  • David Hoffman

    CFO

    Total calculated
    $377,075
    From this org
    $0
    From related orgs
    $349,910
    Other
    $27,165
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,910 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,165 related
    Filer's total
    $0 + $377,075 related

  • Ed Larson

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Stephanie Schramm

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Molly Axworthy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dick Beeson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bruce Arneklev EdD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Ron Kempe

    TRUSTEE (THROUGH APRIL 2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Hon Kathryn J Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Norman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Edna Shim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marc Streleski

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lisa Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 I, LINE 3
ELISEO USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE PRESIDENT/CEO: 1. COMPENSATION COMMITTEE 2. FORM 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

    $967,146

    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)(3) · LIFE PLAN COMMUNITY · WA

    Directly controlled by FUTURA AGE

  • FOSS HOME & VILLAGE

    501(C)(3) · NURSING HOME AND ASSISTED LIVING · WA

    Directly controlled by FUTURA AGE

  • FUTURA AGE

    501(C)(3) · MANAGEMENT SERVICES · WA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349305782

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