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← ELDERSOURCE INSTITUTE INC

Form 990 for tax year 2022

Filed by ELDERSOURCE INSTITUTE INC.

Totals

Total revenue
$13,962
Total expenses
$19,262
Contributions and grants received
$5
Grants paid
$0
Program service revenue
$9,520
Investment income
$0
Other revenue
$4,437
Total assets, end of year
$68,005
Total liabilities, end of year
$13,970
Net assets or fund balances, end of year
$54,035
Program services expenses (Part IX)
$2,363
Management and general expenses
$16,899
Fundraising expenses
$0
Program service expenses (Part III)
$2,363

Program services were 12.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MIKE JORGENSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STUART GAINES

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DR ASHLEY JENNINGS

    VICE PRESIDENT

    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
    $160,019
    From this org
    $0
    From related orgs
    $160,019
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,019 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $160,019 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

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202400469349302450

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