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Nonprofiteer
← SENIOR FRIENDSHIP CENTERS FOUNDATION INC

Form 990 for tax year 2023

Filed by SENIOR FRIENDSHIP CENTERS FOUNDATION INC.

Totals

Total revenue
$2,919,600
Total expenses
$380,860
Contributions and grants received
$2,281,924
Grants paid
$233,534
Program service revenue
$0
Investment income
$637,676
Other revenue
$0
Total assets, end of year
$9,829,004
Total liabilities, end of year
$258,576
Net assets or fund balances, end of year
$9,570,428
Program services expenses (Part IX)
$233,534
Management and general expenses
$37,489
Fundraising expenses
$109,837
Program service expenses (Part III)
$233,534

Program services were 61.3% 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

    $2,281,924

  • 1g · Noncash contributions included above

    $483,130

  • 3 · Investment income

    total $260,268 · excluded $260,268

  • 7a · Gross sales of assets other than inventory

    securities $3,560,300

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

    securities $3,182,892

  • 7c · Gain or loss

    securities $377,408

  • 7d · Net gain or loss

    total $377,408 · excluded $377,408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $233,534 · program services $233,534

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11e · Fees: professional fundraising services

    total $109,837 · fundraising $109,837

  • 11f · Fees: investment management

    total $33,566 · management and general $33,566

  • 24a · Other expenses: LICENSES

    total $773 · management and general $773

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $67,941 · end of year $207,210

  • 3 · Pledges and grants receivable

    beginning of year $144,752 · end of year $112,970

  • 11 · Investments: publicly traded securities

    beginning of year $6,471,472 · end of year $9,390,733

  • 15 · Other assets

    beginning of year $118,091 · end of year $118,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,830 · end of year $258,576

  • 27 · Net assets without donor restrictions

    beginning of year $4,770,127 · end of year $7,809,911

  • 28 · Net assets with donor restrictions

    beginning of year $1,792,299 · end of year $1,760,517

Mission and programs · 2023

Mission

TO EDUCATE THE COMMUNITY OF SOUTHWEST FLORIDA ABOUT THE SENIOR FRIENDSHIP CENTERS AND SERVICES AVAILABLE TO SENIOR ADULTS. THE GOAL IS TO GROW THE FOUNDATION FUNDS TO PROVIDE A PERMANENT SOURCE OF FUNDS FOR SENIOR FRIENDSHIP CENTER PROGRAMS WHICH ASSIST OLDER ADULTS. INCOME GENERATED BY THE FOUNDATION WILL SUPPLEMENT THE PROGRAMS OF THE FRIENDSHIP CENTERS AND ITS FINANCIAL DEVELOPMENT EFFORTS. IN DOING SO, THE FOUNDATION WILL CONTINUE TO LEAD IN THE MISSION OF THE ORGANIZATION TO PROMOTE HEALTHY, DIGNITY AND QUALITY OF LIFE THROUGHOUT THE JOURNEY OF AGING. ADDITIONALLY, THE FOUNDATION SUPPORTS THE ORGANIZATIONAL VISION TO LEAD THE WAY IN DELIVERY OF COMPREHENSIVE SERVICES THAT ENRICH LIVES OF OLDER ADULTS AND THEIR FAMILIES.

Activities or mission (Part I)

TO EDUCATE THE COMMUNITY ABOUT THE SENIOR FRIENDSHIP CENTERS AND SERVICES AVAILABLE TO SENIORS.

  • THE BENEFICIARY ORGANIZATION, SENIOR FRIENDSHIP CENTERS, INC (EIN 59-1522614) WAS ESTABLISHED IN 1973 AND SERVES THE NEEDS OF OLDER ADULTS IN FOUR COUNTIES OF SOUTHWEST FLORIDA - SARASOTA, DESOTO, CHARLOTTE, AND LEE. INDIVIDUAL DONATIONS, GIFT ANNUITIES, ESTATE BEQUESTS, AND COMMUNITY SUPPORT COMPRISE THE MAJORITY OF THE ANNUAL BUDGET OF THE SENIOR FRIENDSHIP CENTERS FOUNDATION.

    Expenses $233,534 · Grants $233,534

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Juceam

    CHAIR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Courtois

    PAST CHAIR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathy Silverberg

    VICE-CHAIR SOUTH

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pam Mahoney

    VICE-CHAIR NORTH (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Fishman

    TREASURER (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Caragiulo

    SECRETARY (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Philip Deming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • George Hofman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robi Leach

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Laura Magnusson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Maisch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Meister

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Niedzinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christine Schlesinger

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Darwin Tepe

    DIRECTOR (AS OF 07/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erin McLeod

    PRESIDENT/CEO

    Total calculated
    $214,867
    From this org
    $0
    From related orgs
    $174,000
    Other
    $40,867
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,000 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $11,290 related
    Nontaxable benefits
    $0 + $29,577 related
    Filer's total
    $0 + $214,867 related

  • David Blehar

    CFO/COO

    Total calculated
    $156,630
    From this org
    $0
    From related orgs
    $136,973
    Other
    $19,657
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,973 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $8,418 related
    Nontaxable benefits
    $0 + $11,239 related
    Filer's total
    $0 + $156,630 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

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
COMPENSATION OF THE ORGANIZATION'S OFFICERS IS ESTABLISHED AND DOCUMENTED BY THE BOARD OF DIRECTORS OF SENIOR FRIENDSHIP CENTERS, INC., RELATED ORGANIZATION. APPROPRIATE SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY REVIEWING A COMPENSATION AND BENEFITS REPORT PREPARED BY THE FLORIDA NON-PROFIT ALLIANCE. IN THIS REPORT, REGIONAL POSITIONS AND SALARIES ARE COMPARED BASED ON OPERATIONAL SIZE AND ANNUAL BUDGET TO ASSIST AREA NONPROFITS. WE ALSO LOOK OUTSIDE OF NON PROFITS AS THE MARKET BECOMES MORE COMPETITIVE. ULTIMATELY, THE CEO'S SALARY IS APPROVED BY THE GOVERNING BOARD. THE COMPENSATION REVIEW PROCESS WAS PERFORMED IN 2022.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERPETUAL TRUST (1)

    T · TRUST · FL · controlled entity

    Directly controlled by SENIOR FRIENDSHIP CENTERS FDN

  • CHARITABLE REMAINDER TRUST (1)

    T · TRUST · FL · controlled entity

    Directly controlled by SENIOR FRIENDSHIP CENTERS FDN

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349303453

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