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← ELDERSOURCE INSTITUTE INC

Form 990 for tax year 2024

Filed by ELDERSOURCE INSTITUTE INC.

Totals

Total revenue
$2,990
Total expenses
$2,497
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,990
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$926
Management and general expenses
$1,571
Fundraising expenses
$0
Program service expenses (Part III)
$926

Program services were 37.1% 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.

  • 2a · Program service revenue: TRAINING

    total $2,990 · related or exempt $2,990

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,400 · management and general $1,400

  • 11g · Fees: other

    total $171 · management and general $171

  • 13 · Office expenses

    total $926 · program services $926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,461 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $8,728 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $56,139 · end of year $0

Mission and programs · 2024

Mission

ELDERSOURCE INSTITUTE INNOVATES AND REACHES MORE PEOPLE WITH MISSION ALIGNED SERVICES AND GENERATES NET INCOME TO REINVEST AND SERVE MORE PEOPLE THROUGH THE ELDERSOURCE FAMILY.

  • ELDERSOURCE INSTITUTE CONTINUED PROVIDING ONLINE EDUCATION FOR PROFESSIONALS WITH TOPICS SUCH AS LGBT ELDER CULTURAL COMPETENCY, AGE SENSITIVITY, DISABILITY SENSITIVITY. WE ALSO CONTINUED OUR VIRTUAL CAREGIVER SUPPORT GROUP TO HELP CAREGIVERS WHO CANNOT MAKE IT TO AN IN-PERSON SUPPORT GROUP FOR A VARIETY OF REASONS, BUT WHO COULD BENEFIT FROM THE INTERACTION WITH OTHER CAREGIVERS AND A TRAINED FACILITATOR.

    Expenses $926 · Revenue $2,990

As filed on the 2024 return.

Listed in Part VII

  • Mike Jorgensen

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stuart Gaines

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ashley Jennings

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan Fraser

    TREASUER

    Total calculated
    $0
    Hours/week
    1

  • Dr William Aternent

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Linda Levin

    EXECUTIVE DIRECTOR

    Total calculated
    $173,825
    From this org
    $0
    From related orgs
    $173,825
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,435 related
    Bonus
    $0 + $390 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $173,825 related

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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
THE BYLAWS ESTABLISH THAT THE EXECUTIVE COMMITTEE HAS GENERAL OVERSIGHT OF THE ORGANIZATION'S HUMAN RESOURCE PLAN. SPECIFIC DUTIES INCLUDE YEARLY EVALUATION OF THE EXECUTIVE DIRECTOR OF THE ORGANIZATION AND SETTING THE COMPENSATION FOR THE FOLLOWING YEAR. A COMPETENT SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION UTILIZING FLORIDA AGENCIES ON AGING AND OTHER STUDIES OF COMPARABLE NOT FOR PROFIT AGENCIES. THE COMMITTEE MEETS INDEPENDENT OF THE EXECUTIVE DIRECTOR TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, PROFESSIONAL ADVISORS, GRANT RECIPIENTS, AND OTHER INFORMED COMMUNITY LEADERS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE CHIEF EXECUTIVE PRESENT, TO THE FULL BOARD FOR REVIEW AND APPROVAL.

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

No itemized grants to organizations 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.

  • ELDERSOURCE INC

    501(C)(3) · TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN FLORIDA. · FL · controlled entity

  • NORTHEAST FL AREA AGENCY ON AGING

    501(C)(3) · TO IMPROVE THE WELL BEING OF ELDERS AND CAREGIVERS IN FLORIDA. · FL

    Directly controlled by ELDERSOURCE

  • WISE OWL PROPERTIES INC

    501(C)(2) · TO HOLD TITLE TO PROPERTY ON BEHALF OF ELDERSOURCE INC. · FL

    Directly controlled by ELDERSOURCE

  • MEDICAID MANAGEMENT SERVICES

    501(C)(3) · TO HOLD TITLE TO PROPERTY ON BEHALF OF ELDERSOURCE INC. · FL

    Directly controlled by ELDERSOURCE

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349316654

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