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Nonprofiteer
← FELLOWSHIPLIFE FOUNDATION INC

Form 990 for tax year 2022

Filed by FELLOWSHIPLIFE FOUNDATION INC.

Totals

Total revenue
$1,618,532
Total expenses
$293,315
Contributions and grants received
$1,612,879
Grants paid
$60,910
Program service revenue
$0
Investment income
$27,611
Other revenue
-$21,958
Total assets, end of year
$4,324,723
Total liabilities, end of year
$46,908
Net assets or fund balances, end of year
$4,277,815
Program services expenses (Part IX)
$60,910
Management and general expenses
$216,411
Fundraising expenses
$15,994
Program service expenses (Part III)
$60,910

Program services were 20.8% 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

    $183,763

  • 1d · Related organizations

    $149,268

  • 1f · All other contributions, gifts and grants

    $1,279,848

  • 3 · Investment income

    total $91,432 · excluded $91,432

  • 7a · Gross sales of assets other than inventory

    securities $1,074,355

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

    securities $1,138,176

  • 7c · Gain or loss

    securities -$63,821

  • 7d · Net gain or loss

    total -$63,821 · excluded -$63,821

  • 8a · Fundraising events: gross income

    $77,056

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

    $183,763

  • 8b · Fundraising events: direct expenses

    $103,464

  • 8c · Net income from fundraising events

    total -$26,408 · excluded -$26,408

  • 9a · Gaming: gross income

    $5,755

  • 9b · Gaming: direct expenses

    $1,305

  • 9c · Net income from gaming

    total $4,450 · excluded $4,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,910 · program services $60,910

  • 7 · Other salaries and wages

    total $138,221 · management and general $138,221

  • 10 · Payroll taxes

    total $12,805 · management and general $12,805

  • 11f · Fees: investment management

    total $2,823 · management and general $2,823

  • 11g · Fees: other

    total $49,864 · management and general $49,864

  • 12 · Advertising and promotion

    total $2,758 · management and general $2,758

  • 13 · Office expenses

    total $22,776 · management and general $6,782 · fundraising $15,994

  • 17 · Travel

    total $1,766 · management and general $1,766

  • 24a · Other expenses: EDUCATION AND TRAINING

    total $675 · management and general $675

  • 24b · Other expenses: DUES AND PUBLICATIONS

    total $530 · management and general $530

  • 24c · Other expenses: LICENSES AND FEES

    total $187 · management and general $187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,731 · end of year $38,407

  • 2 · Savings and temporary cash investments

    beginning of year $35,975 · end of year $119,446

  • 3 · Pledges and grants receivable

    beginning of year $838,706 · end of year $857,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,993 · end of year $2,325

  • 11 · Investments: publicly traded securities

    beginning of year $2,447,333 · end of year $3,307,524

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,000 · end of year $22,667

  • 25 · Other liabilities

    beginning of year $17,443 · end of year $24,241

  • 27 · Net assets without donor restrictions

    beginning of year $282,607 · end of year $55,589

  • 28 · Net assets with donor restrictions

    beginning of year $3,009,688 · end of year $4,222,226

Mission and programs · 2022

Mission

THE FELLOWSHIP FOUNDATION ADVANCES THE FELLOWSHIP VILLAGE MISSION BY PROVIDING PHILANTHROPIC SUPPORT TO BENEFIT FELLOWSHIP VILLAGE RESIDENTS AND OLDER ADULTS THROUGHOUT THE REGION THROUGH PROGRAMS, SERVICES, AND COMMUNITY ENHANCEMENTS. THE FOUNDATION IS COMMITTED TO WORKING IN PARTNERSHIP WITH LIKE-MINDED ORGANIZATIONS IN THE BROADER COMMUNITY.

Activities or mission (Part I)

TO PROVIDE PHILANTHROPIC SUPPORT AND TO BENEFIT FELLOWSHIP VILLAGE, INC.

  • TO SUPPORT ITS PHILANTHROPIC INITIATIVES, FELLOWSHIP SENIOR LIVING (FSL) CREATED THE FELLOWSHIP FOUNDATION ON JULY 16, 2019. FELLOWSHIP VILLAGE, INC. IS THE SOLE MEMBER OF THE FOUNDATION. THE FORMATION OF THE FOUNDATION PROVIDES GREATER OPPORTUNITIES TO RAISE FUNDS TO SUPPORT FELLOWSHIP VILLAGE BY ENHANCING PROGRAMS AND SERVICES AND UPGRADING AND EXPANDING THEIR PHYSICAL CAPABILITIES AND CAMPUS. WE ALSO RAISE FUNDS TO SUPPORT BENEVOLENT CARE AND TEAM MEMBER EDUCATION AND EMERGENCIES.THROUGH A NUMBER OF DIFFERENT INITIATIVES, WE RAISE FUNDS FOR THE FOUNDATION TO DISPERSE TO FELLOWSHIP VILLAGE PROJECTS AND PROGRAMS. CURRENT INITIATIVES INCLUDE THE ANNUAL GALA, INDIVIDUAL DONATIONS (ANNUAL APPEAL), CORPORATE MATCHING GIFTS, PLEDGES, A CAR DONATION PROGRAM, MEMORIAL DONATIONS, BEQUESTS, NAMING OPPORTUNITIES, AND MEMBERSHIP IN THE MAIN STAGE SOCIETY. FELLOWSHIP FOUNDATION RAISES FUNDS TO SUPPORT THE FELLOWSHIP VILLAGE COMMUNITY, AS WELL AS HOME AND COMMUNITY BASED SERVICES. THESE SERVICES ARE OFFERED TO SENIORS THROUGHOUT NEW JERSEY AND INCLUDE HOME-HEALTH SERVICES, HOSPICE, FELLOWSHIP FREEDOM PLANS AND PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES BOTH ON AND OFF CAMPUS. FELLOWSHIP VILLAGE IS HOME TO OVER 400 RESIDENTS ENJOYING LIFESTYLES FROM SINGLE FAMILY INDEPENDENT LIVING HOMES, VILLAS AND APARTMENTS TO ASSISTED LIVING, SKILLED NURSING AND MEMORY CARE HOMES. THE LIFE PLAN COMMUNITY (ALSO KNOWN AS CCRC) OFFERS A FULL COMPLEMENT OF LIFESTYLE ENHANCEMENTS, IN ADDITION TO FIVE-STAR DINING. THE ADDITION OF A NEW CULTURAL ARTS CENTER FEATURING A STATE-OF-THE-ART-THEATER, UPSCALE BAR & LOUNGE WITH ALFRESCO DINING, EXPANDED MEDICAL CENTER AND SPA AND FITNESS CENTER WILL ENSURE FELLOWSHIP VILLAGE REMAINS A LEADER IN SENIOR LIVING. THESE PROJECTS ARE SUPPORTED IN PART THROUGH THE SUPPORT OF THE FELLOWSHIP FOUNDATION.MOST RECENTLY, THE FOUNDATION DISPERSED $60,910 TO FELLOWSHIP VILLAGE, INC. TO SUPPORT THE HEALTHCARE HEROES PROGRAM; A CAMPAIGN WHICH RAISED FUNDS TO OFFSET THE COSTS FELLOWSHIP INCURRED IN ORDER TO PURCHASE ESSENTIAL PROTECTIVE EQUIPMENT AND PROVIDE HAZARD PAY FOR FRONT LINE TEAM MEMBERS DURING THE RECENT PANDEMIC.

    Expenses $60,910 · Grants $60,910

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN G LAWRENCE

    DIRECTOR, PRESIDENT & CEO

    Total calculated
    $854,598
    From this org
    $0
    From related orgs
    $786,490
    Other
    $68,108
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $588,865 related
    Bonus
    $0 + $115,000 related
    Other
    $0 + $82,625 related
    Deferred
    $0 + $60,675 related
    Nontaxable benefits
    $0 + $7,433 related
    Filer's total
    $0 + $854,598 related

  • DR JUDITH PASNIK

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH CMIELEWSKI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JON KLIPPEL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NANCY ALFANO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAVID BADERTSCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STANLEY J MORIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONALD BERLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENNETH LISS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEIRDRE HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER SIEGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE SCHULDNER

    EXECUTIVE DIRECTOR

    Total calculated
    $25,491
    From this org
    $0
    From related orgs
    $24,581
    Other
    $910
    Hours/week
    40

  • BARRY HARBOR

    EXECUTIVE DIRECTOR (TO 11/4/22)

    Total calculated
    $70,980
    From this org
    $0
    From related orgs
    $70,901
    Other
    $79
    Hours/week
    40

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
OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDIES, AND 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

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349321562

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