Totals
- Total revenue
- $1,255,479
- Total expenses
- $1,165,396
- Contributions and grants received
- $855,971
- Grants paid
- $0
- Program service revenue
- $235,404
- Investment income
- $172,002
- Other revenue
- -$7,898
- Total assets, end of year
- $6,702,894
- Total liabilities, end of year
- $118,342
- Net assets or fund balances, end of year
- $6,584,552
- Program services expenses (Part IX)
- $925,168
- Management and general expenses
- $114,558
- Fundraising expenses
- $125,670
- Program service expenses (Part III)
- $925,168
Program services were 79.4% 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
$108,939
-
1f · All other contributions, gifts and grants
$747,032
-
2a · Program service revenue: SEMESTER PROGRAMS
total $116,691 · related or exempt $116,691
-
2b · Program service revenue: FITNESS PROGRAMS
total $104,573 · related or exempt $104,573
-
2c · Program service revenue: SOCIAL EVENTS AND TRIPS
total $14,140 · related or exempt $14,140
-
3 · Investment income
total $122,345 · excluded $122,345
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,347,143
-
7b · Less cost or other basis and sales expenses
securities $1,297,486
-
7c · Gain or loss
securities $49,657
-
7d · Net gain or loss
total $49,657 · excluded $49,657
-
8a · Fundraising events: gross income
$11,645
-
8a · Fundraising events: contributions included on line 1c
$108,939
-
8b · Fundraising events: direct expenses
$32,443
-
8c · Net income from fundraising events
total -$20,798
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADVERTISING INCOME
total $12,900 · unrelated business $12,900
-
11e · Other revenue, total
$12,900
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $127,408 · program services $101,927 · management and general $19,111 · fundraising $6,370
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $446,541 · program services $332,733 · management and general $33,654 · fundraising $80,154
-
8 · Pension plan contributions
total $30,771 · program services $21,877 · management and general $3,260 · fundraising $5,634
-
9 · Other employee benefits
total $6,021 · program services $3,050 · management and general $30 · fundraising $2,941
-
10 · Payroll taxes
total $48,151 · program services $34,233 · management and general $5,102 · fundraising $8,816
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,006 · management and general $13,006
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $30,978 · management and general $30,978
-
11g · Fees: other
total $5,620 · program services $5,620
-
12 · Advertising and promotion
total $4,106 · program services $1,232 · management and general $205 · fundraising $2,669
-
13 · Office expenses
total $44,040 · program services $42,278 · management and general $881 · fundraising $881
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $197,662 · program services $193,710 · management and general $1,976 · fundraising $1,976
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $102,509 · program services $100,459 · management and general $1,025 · fundraising $1,025
-
23 · Insurance
total $8,871 · program services $6,919 · management and general $1,508 · fundraising $444
-
24a · Other expenses: PRINTING AND PUBLICATIONS
total $41,839 · program services $31,379 · fundraising $10,460
-
24b · Other expenses: SUPPLIES
total $32,017 · program services $30,737 · management and general $640 · fundraising $640
-
24c · Other expenses: GROUP TRIP EXPENSES
total $9,344 · program services $9,344
-
24d · Other expenses: POSTAGE AND SHIPPING
total $8,039 · program services $4,823 · fundraising $3,216
-
24e · All other expenses
total $8,473 · program services $4,847 · management and general $3,182 · fundraising $444
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $161,221 · end of year $144,927
-
2 · Savings and temporary cash investments
beginning of year $306,757 · end of year $297,547
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $2,749 · end of year $1,945
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,800 · end of year $5,030
-
10a · Land, buildings and equipment: cost or other basis
$3,460,327
-
10b · Land, buildings and equipment: accumulated depreciation
$1,836,770
-
10c · Land, buildings and equipment, net
beginning of year $1,732,390 · end of year $1,623,557
-
11 · Investments: publicly traded securities
beginning of year $5,419,470 · end of year $4,629,688
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $200 · end of year $200
-
17 · Accounts payable and accrued expenses
beginning of year $21,310 · end of year $19,735
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $39,785 · end of year $43,775
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $44,430 · end of year $54,832
-
27 · Net assets without donor restrictions
beginning of year $4,784,416 · end of year $4,283,223
-
28 · Net assets with donor restrictions
beginning of year $2,736,646 · end of year $2,301,329
Mission and programs · 2022
Mission
Founders Hall is dedicated to providing a diverse program of social, educational and physical fitness programs for today's active seniors in a warm, fun, and stimulating atmosphere.
-
Semester Programs: Our diverse and dynamic programming offers opportunities for life-long learning. In 2022, more than 3,300 people were inspired by classes in art, technology, current events, genealogy, history, investments, literature, languages, music, writing and more. Over 75 Founders Hall instructors taught senior learners; and, those learners brought lifetimes of wisdom to the discussion, enriching the experience for all. Members expressed their creativity through classes in chorus, drawing, portraiture, watercolors, oil painting, weaving, quilting, sewing, knitting, crocheting, rug hooking and wood carving. Programs were offered on-line or in-person - or a combination of the two.
Expenses $363,898 · Revenue $116,691
-
Fitness Programs: Our members know that if they're going to keep learning, they have to keep moving. So during 2022, members took all kinds of fitness classes through Founders Hall, from simple stretching to hard-core strengthening as well as aerobics, basketball clinics, pickleball, yoga, dancing and more. Classes were offered in-person as well as on-line.
Expenses $316,791 · Revenue $104,573
-
Social Events and Trips: At Founders Hall, lifelong residents and those new to town all discover a supportive community that understands the opportunities and challenges of life after 60. Members enjoyed getting together for a variety of social activities including parties, tournaments and tastings. During 2022 members attended a Broadway musical and visited the Metropolitan Museum of Art.
Expenses $244,479 · Revenue $14,140
As filed on the 2022 return.
Listed in Part VII
-
Grace F Weber
Executive Director
- Total calculated
- $127,409
- From this org
- $113,598
- From related orgs
- $0
- Other
- $13,811
- Hours/week
- 40
-
John A Couri
President
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer Kubick
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Steven F Goldstone
Chairman of the Board
- Total calculated
- $0
- Hours/week
- 10
-
Elizabeth C Goldstone
Treasurer
- Total calculated
- $0
- Hours/week
- 10
-
Lori Berisford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Couri
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rudy Marconi
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kent Rohrer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rudy Ruggles Jr
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311329349304031
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