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Nonprofiteer
← FUTURA AGE FOUNDATION

Form 990 for tax year 2022

Filed by FUTURA AGE FOUNDATION.

Totals

Total revenue
$472,622
Total expenses
$596,237
Contributions and grants received
$288,337
Grants paid
$350,562
Program service revenue
$0
Investment income
$204,450
Other revenue
-$20,165
Total assets, end of year
$6,125,063
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,125,063
Program services expenses (Part IX)
$560,237
Management and general expenses
$0
Fundraising expenses
$36,000
Program service expenses (Part III)
$560,237

Program services were 94.0% 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.

  • 1c · Fundraising events

    $99,560

  • 1f · All other contributions, gifts and grants

    $188,777

  • 3 · Investment income

    total $98,004 · excluded $98,004

  • 7a · Gross sales of assets other than inventory

    securities $106,446

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

    securities $0

  • 7c · Gain or loss

    securities $106,446

  • 7d · Net gain or loss

    total $106,446 · excluded $106,446

  • 8a · Fundraising events: gross income

    $14,629

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

    $99,560

  • 8b · Fundraising events: direct expenses

    $34,794

  • 8c · Net income from fundraising events

    total -$20,165 · excluded -$20,165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,562 · program services $350,562

  • 6 · Compensation of disqualified persons

    total $91,373 · program services $91,373

  • 9 · Other employee benefits

    total $22,845 · program services $22,845

  • 10 · Payroll taxes

    total $6,948 · program services $6,948

  • 11e · Fees: professional fundraising services

    total $36,000 · fundraising $36,000

  • 11f · Fees: investment management

    total $54,311 · program services $54,311

  • 11g · Fees: other

    total $10,202 · program services $10,202

  • 12 · Advertising and promotion

    total $1,917 · program services $1,917

  • 13 · Office expenses

    total $8,842 · program services $8,842

  • 19 · Conferences, conventions and meetings

    total $7,096 · program services $7,096

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $4,781 · program services $4,781

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,360 · program services $1,360

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $7,028,791 · end of year $5,962,581

  • 12 · Investments: other securities

    beginning of year $178,514 · end of year $138,083

  • 15 · Other assets

    beginning of year $33,548 · end of year $24,399

  • 27 · Net assets without donor restrictions

    beginning of year $5,896,424 · end of year $4,979,384

  • 28 · Net assets with donor restrictions

    beginning of year $1,344,429 · end of year $1,145,679

Mission and programs · 2022

Mission

TO ENABLE ELISEO TO ENHANCE SERVICES TO THE ELDERLY.

  • FOUNDATION EXPENSES ARE RELATED TO ENABLING ELISEO TO EXPAND ITS SERVICES TO THE ELDERLY COMMUNITY. ELISEO IS A NON-DENOMINATIONAL SENIOR COMMUNITY WHERE RESIDENTS FIND TRUE KINSHIP AND FUN. IT IS THE ONLY NONPROFIT CAMPUS IN PIERCE COUNTY THAT OFFERS A FULL CONTINUUM OF QUALITY CARE AT AN AFFORDABLE PRICE AND PARTICIPATES IN MEDICARE AND MEDICAID.

    Expenses $560,237 · Grants $350,562

As filed on the 2022 return.

Listed in Part VII

  • R Kevin McFeely

    PRESIDENT/CEO

    Total calculated
    $449,782
    From this org
    $0
    From related orgs
    $414,994
    Other
    $34,788
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,788 related
    Filer's total
    $0 + $449,782 related

  • David Hoffman

    CFO

    Total calculated
    $333,814
    From this org
    $0
    From related orgs
    $310,188
    Other
    $23,626
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,188 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,626 related
    Filer's total
    $0 + $333,814 related

  • Marc Streleski

    CHAIR & IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ed Larson

    TRUSTEE & CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Stephanie Schramm

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Molly Axworthy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dick Beeson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bruce Arneklev EdD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rev Ron Kempe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Norman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Edna Shim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
ELISEO USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE PRESIDENT/CEO: 1. COMPENSATION COMMITTEE 2. FORM 990 OF OTHER ORGANIZATIONS 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. 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

  • ELISEO

    $350,562

    GENERAL OPERATING SUPPORT

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
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349318300

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