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Nonprofiteer
← JUDSON FOUNDATION

Form 990 for tax year 2023

Filed by JUDSON FOUNDATION.

Totals

Total revenue
$971,828
Total expenses
$1,403,248
Contributions and grants received
$992,462
Grants paid
$673,557
Program service revenue
$0
Investment income
-$110,251
Other revenue
$89,617
Total assets, end of year
$35,618,614
Total liabilities, end of year
$215,481
Net assets or fund balances, end of year
$35,403,133
Program services expenses (Part IX)
$673,557
Management and general expenses
$288,803
Fundraising expenses
$440,888
Program service expenses (Part III)
$673,557

Program services were 48.0% 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.

  • 1f · All other contributions, gifts and grants

    $992,462

  • 1g · Noncash contributions included above

    $115,517

  • 3 · Investment income

    total $944,238 · excluded $944,238

  • 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 $18,869,414

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

    securities $19,923,903

  • 7c · Gain or loss

    securities -$1,054,489

  • 7d · Net gain or loss

    total -$1,054,489 · excluded -$1,054,489

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 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: TRUST AND OTHER INCOME

    total $89,617 · related or exempt $89,617

  • 11e · Other revenue, total

    $89,617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $673,557 · program services $673,557

  • 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 $279,648 · fundraising $279,648

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $47,600 · fundraising $47,600

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,798 · fundraising $7,798

  • 10 · Payroll taxes

    total $16,750 · fundraising $16,750

  • 11a · Fees: management

    total $45,000 · management and general $45,000

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $164,334 · management and general $164,334

  • 11g · Fees: other

    total $19,425 · management and general $19,425

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $53,324 · management and general $4,656 · fundraising $48,668

  • 14 · Information technology

    total $40,431 · management and general $40,431

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 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 $0

  • 23 · Insurance

    total $14,957 · management and general $14,957

  • 24a · Other expenses: MISCELLANEOUS

    total $40,424 · fundraising $40,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $390,170 · end of year $165,385

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $712,480 · end of year $635,054

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $3,483,534 · end of year $3,071,661

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,668 · end of year $6,952

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,075,108 · end of year $30,134,562

  • 12 · Investments: other securities

    beginning of year $1,450,337 · end of year $1,605,000

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,309 · end of year $80,924

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $200,730 · end of year $134,557

  • 27 · Net assets without donor restrictions

    beginning of year $26,651,097 · end of year $28,680,791

  • 28 · Net assets with donor restrictions

    beginning of year $6,185,161 · end of year $6,722,342

Mission and programs · 2023

Mission

THE JUDSON FOUNDATION IS THE 501(C)(3) FUND RAISING ORGANIZATION SUPPORTING MANY OF THE PROGRAMS, NEW INITIATIVES, FACILITY ENHANCEMENTS, RESIDENT SUBSIDIES AND STRATEGIC INITIATIVES, AS DETERMINED BY THE 501(C)(3) PARENT JUDSON SERVICES, INC. BOARD.

Activities or mission (Part I)

The Foundation is the fundraising organization supporting programs, initiatives, facility enhancements, subsidies and strategies, as determined by Judson Services, Inc board

  • JUDSON FOUNDATION IS ORGANIZED AND OPERATED FOR THE BENEFIT AND SUPPORT OF ITS NOT-FOR-PROFIT SOLE CORPORATE MEMBER, JUDSON SERVICES, INC.(JSI) AND JSI'S NOT-FOR-PROFIT SUBSIDIARIES, JUDSON, JUDSON HOME CARE, AND SOUTH FRANKLIN CIRCLE. JUDSON FOUNDATION PARTNERS WITH INDIVIDUALS, FOUNDATIONS, AND ORGANIZATIONS TO ADVANCE JSI'S MISSION OF CREATING COMMUNITY FOR OLDER ADULTS. JUDSON FOUNDATION HELPS SUPPORT PROGRAMS AND SERVICES THAT CONTRIBUTE TO A VIBRANT AND POSITIVE ATMOSPHERE WITH NEW EXPERIENCES AND OPPORTUNITIES FOR THE OLDER ADULTS ITS RELATED 501(C)(3) ORGANIZATIONS SERVE.

    Expenses $673,557 · Grants $673,557 · Revenue $89,617

As filed on the 2023 return.

Listed in Part VII

  • Kendra Urdzik

    PRESIDENT/CEO

    Total calculated
    $388,768
    From this org
    $0
    From related orgs
    $382,029
    Other
    $6,739
    Hours/week
    4 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $339,966 related
    Bonus
    not reported + $42,063 related
    Other
    not reported
    Deferred
    not reported + $6,600 related
    Nontaxable benefits
    not reported + $139 related
    Filer's total
    not reported + $388,768 related

  • Brian Wassil

    VP FINANCE OF JSI/CFO

    Total calculated
    $219,480
    From this org
    $0
    From related orgs
    $215,040
    Other
    $4,440
    Hours/week
    4 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $203,707 related
    Bonus
    not reported + $11,333 related
    Other
    not reported
    Deferred
    not reported + $4,301 related
    Nontaxable benefits
    not reported + $439 related
    Filer's total
    not reported + $219,780 related

  • Beth Embrescia

    VP - JUDSON FOUNDATION

    Total calculated
    $167,636
    From this org
    $164,055
    From related orgs
    $0
    Other
    $3,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,055
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,442
    Nontaxable benefits
    $139
    Filer's total
    $167,636

  • Kathy Janini

    DIR DONOR ENG&COMM&INTERIM VP

    Total calculated
    $112,012
    From this org
    $109,679
    From related orgs
    $0
    Other
    $2,333
    Hours/week
    40

  • Rex G Mason

    TRUSTEE THRU APRIL

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Roger W Kallock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy Sherwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.25 related

  • Davis Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.25 related

  • Richard H Bamberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samuel S Hartwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.25 related

  • Bruce A Loessin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gretchen S Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John P Schneider

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin B Shaw

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2.25 related

  • Georgianna Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Thomas G Brick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara I Hawley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2.25 related

  • The Very Rev Tracey Lind

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Reynolds

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2.25 related

  • Thomas A Nobbe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3.25 related

  • Stephen J Strnisha

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas Wang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3.25 related

  • Cynthia H Dunn

    EX-OFFICIO, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Catherine S Koppelman

    TRUSTEE THRU FEBRUARY

    Total calculated
    $0
    Hours/week
    1 + 0.25 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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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

  • JUDSON

    $522,504

    TO SUPPORT PROGRAMS, INITIATIVES, FACILITY IMPROVEMENTS, SUBSIDIES, AND STRATEGIES.

  • SOUTH FRANKLIN CIRCLE

    $91,697

    TO SUPPORT PROGRAMS, INITIATIVES, FACILITY IMPROVEMENTS, SUBSIDIES, AND STRATEGIES.

  • JUDSON HOME CARE

    $59,356

    TO SUPPORT PROGRAMS, INITIATIVES, FACILITY IMPROVEMENTS, SUBSIDIES, AND STRATEGIES.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202413109349302666

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