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← EVANGELICAL SERVICES FOR THE AGING FOUNDATION

Form 990 for tax year 2022

Filed by EVANGELICAL SERVICES FOR THE AGING FOUNDATION.

Totals

Total revenue
$209,500
Total expenses
$108,543
Contributions and grants received
$66,607
Grants paid
$81,500
Program service revenue
$0
Investment income
$142,893
Other revenue
$0
Total assets, end of year
$3,674,303
Total liabilities, end of year
$179,621
Net assets or fund balances, end of year
$3,494,682
Program services expenses (Part IX)
$81,500
Management and general expenses
$27,043
Fundraising expenses
$0
Program service expenses (Part III)
$81,500

Program services were 75.1% 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.

  • 1f · All other contributions, gifts and grants

    $66,607

  • 3 · Investment income

    total $115,361 · excluded $115,361

  • 7a · Gross sales of assets other than inventory

    securities $707,523

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

    securities $679,991

  • 7c · Gain or loss

    securities $27,532

  • 7d · Net gain or loss

    total $27,532 · excluded $27,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $81,500 · program services $81,500

  • 11a · Fees: management

    total $11,040 · management and general $11,040

  • 11c · Fees: accounting

    total $11,780 · management and general $11,780

  • 13 · Office expenses

    total $4,073 · management and general $4,073

  • 24a · Other expenses: LICENSES

    total $150 · management and general $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,710 · end of year $58,088

  • 10a · Land, buildings and equipment: cost or other basis

    $14,569

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,569

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $4,203,988 · end of year $3,578,725

  • 15 · Other assets

    beginning of year $102,951 · end of year $37,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,073 · end of year $18,518

  • 25 · Other liabilities

    beginning of year $107,540 · end of year $161,103

  • 27 · Net assets without donor restrictions

    beginning of year $4,107,037 · end of year $3,419,683

  • 28 · Net assets with donor restrictions

    beginning of year $74,999 · end of year $74,999

Mission and programs · 2022

Mission

TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES.

Activities or mission (Part I)

FUNDRAISING TO PROVIDE FUNDING FOR SEVERAL SPECIFIED NON-PROFIT ENTITIES RELATED TO WESLEY ENHANCED LIVING

  • THE ORGANIZATION PROVIDES FUNDING FOR RELATED 509(A)(2) PUBLIC CHARITIES: WESLEY ENHANCED LIVING PENNYPACK PARK, WESLEY ENHANCED LIVING UPPER MORELAND, WESLEY ENHANCED LIVING DOYLESTOWN, WESLEY ENHANCED LIVING BURHOLME, WESLEY ENHANCED LIVING AT STAPELEY, WESLEY ENHANCED LIVING MAIN LINE, AND EVANGELICAL SERVICES FOR THE AGING. THE ORGANIZATION PROVIDES BENEVOLENT CARE AND RESIDENT SERVICES FOR THE AGING TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY OF THE SENIOR RESIDENTS, AND TO PLAN FOR, AND DEVELOP, NEW PROGRAMS AND SERVICES TO MEET THE SOCIAL, HEALTH AND PERSONAL NEEDS OF SENIOR CITIZENS.

    Expenses $81,500 · Grants $81,500

As filed on the 2022 return.

Listed in Part VII

  • Jeff Petty

    PRESIDENT AND CEO

    Total calculated
    $1,187,580
    From this org
    $0
    From related orgs
    $1,164,295
    Other
    $23,285
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,656 related
    Bonus
    $0 + $89,801 related
    Other
    $0 + $582,838 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $11,085 related
    Filer's total
    $0 + $1,187,580 related

  • Kyle Evans

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Lorber

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bruce Hess Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Griffin

    CFO (UNTIL 9/6/22)

    Total calculated
    $177,877
    From this org
    $0
    From related orgs
    $168,397
    Other
    $9,480
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,267 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $6,130 related
    Deferred
    $0 + $2,100 related
    Nontaxable benefits
    $0 + $7,380 related
    Filer's total
    $0 + $177,877 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED ORGANIZATION). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION, USING COMPARATIVE INDEPENDENT DATA. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS.
PART I, LINE 4B
THE ORGANIZATION'S 457 PLAN WAS ELIMINATED AND THE FOLLOWING PAYOUTS WERE MADE: JEFF PETTY - $582,836.36 MICHAEL GRIFFIN - $6,130.41

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
7 July 2023
IRS schema version
2022v5.0
Source object
202321929349300802

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