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Nonprofiteer
← SILVER OTTER STRATEGIES INC

Form 990 for tax year 2023

Filed by SILVER OTTER STRATEGIES INC.

Totals

Total revenue
$52,820
Total expenses
$66,628
Contributions and grants received
$1,670
Grants paid
$0
Program service revenue
$51,150
Investment income
$0
Other revenue
$0
Total assets, end of year
$48,618
Total liabilities, end of year
$100,070
Net assets or fund balances, end of year
-$51,452
Program services expenses (Part IX)
$66,628
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$66,628

Program services were 100.0% 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

    $1,670

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $51,150 · related or exempt $51,150

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,365 · program services $30,365

  • 9 · Other employee benefits

    total $5,099 · program services $5,099

  • 10 · Payroll taxes

    total $2,083 · program services $2,083

  • 11g · Fees: other

    total $16,312 · program services $16,312

  • 13 · Office expenses

    total $1,198 · program services $1,198

  • 14 · Information technology

    total $1,236 · program services $1,236

  • 16 · Occupancy

    total $3,373 · program services $3,373

  • 24a · Other expenses: FEES AND DUES

    total $6,962 · program services $6,962

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,101 · end of year $32,373

  • 3 · Pledges and grants receivable

    end of year $16,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,926 · end of year $750

  • 25 · Other liabilities

    beginning of year $51,703 · end of year $99,320

  • 27 · Net assets without donor restrictions

    beginning of year -$288,528 · end of year -$51,452

Mission and programs · 2023

Mission

SILVER OTTER STRATEGIES MISSION IS TO PROVIDE NEW APPROACHES TO HOW HEALTHCARE IS DELIVERED. WE PUT THE POWER OF INFORMED DECISION MAKING INTO THE HANDS OF THE CONSUMER, SO THEY CAN LEAD HEALTHIER, MORE FULFILLING, INDEPENDENT LIVES. THROUGH INNOVATIVE TECHNOLOGIES GROUNDED IN EXPERIENCED BASED INSIGHTS, TESTED METHODOLOGIES AND DEMONSTRABLE OUTCOMES WE CREATE POSITIVE CHANGE FOR OUR CONSUMERS, PARTNERS AND ULTIMATELY OUR SOCIETY.

  • CONVERSATIONS FOR CARING OFFERS EDUCATION ON A RANGE OF TOPICS GEARED TOWARD SUPPORTING PEOPLE WHO WORK IN HEALTH CARE SETTINGS AND NON-MEDICAL CARE PROVIDERS. THE MIX OF SUBJECT MATTER IS DESIGNED TO FACILITATE EVER GREATER EMPHATIC APPROACHES TO PROVIDING CARE IN THE COMMUNITY. THROUGHOUT FISCAL YEAR 2024 SOS' CONVERSATION FOR CARING PROVIDED TRAININGS FOR 1,876 ATTENDEES.

    Expenses $66,628 · Revenue $51,150

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

Listed in Part VII

  • Valerie Parker Callahan

    CEO

    Total calculated
    $199,376
    From this org
    $0
    From related orgs
    $183,168
    Other
    $16,208
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,168 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,495 related
    Nontaxable benefits
    $0 + $10,713 related
    Filer's total
    $0 + $199,376 related

  • Kevin Derrivan

    TREASURER

    Total calculated
    $221,300
    From this org
    $0
    From related orgs
    $192,746
    Other
    $28,554
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,746 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,782 related
    Nontaxable benefits
    $0 + $22,772 related
    Filer's total
    $0 + $221,300 related

  • Kathryn C Burns

    CLERK

    Total calculated
    $246,699
    From this org
    $0
    From related orgs
    $221,728
    Other
    $24,971
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,728 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,652 related
    Nontaxable benefits
    $0 + $18,319 related
    Filer's total
    $0 + $246,699 related

  • Mary Magner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nelson Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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
ALL COMPENSATION IS PAID BY RELATED ORGANIZATION GREATER LYNN SENIOR SERVICES, INC. (GLSS). GLSS HAS A COMPENSATION COMMITTEE WHICH IS MADE UP OF MEMBERS FROM THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE SALARY OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. THE COMMITTEE CONSIDERS INDUSTRY COMPARABILITY DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541349349305944

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