Agespan Inc
- Assets
- $46.5m
- Revenue
- $107.9m
- Investments
- $0.0
- Employees
- 569
- Location
- Lawrence, MA
- Founding
- 03/1975
- Data as of
- 06/2022
- EIN
- 04-2545136
Organization Overview
Agespan Inc is located in Lawrence, MA. The organization was established in 1975. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Agespan Inc employed 569 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agespan Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Agespan Inc generated $107.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $101.0m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Agespan Inc has awarded 136 individual grants totaling $6,484,956. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES BY CREATING PROGRAMS AND OPPORTUNITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHOICES PURCHASED SERVICES - DESIGNED TO PROVIDE COMMUNITY BASED SERVICES TO LOW INCOME, FRAIL ELDERS THROUGH THIRD PARTY CONTRACTS
UNITED SCO'S POS - DESIGNED TO PROVIDE COMMUNITY BASED SERVICES TO LOW INCOME, FRAIL ELDERS THROUGH THIRD PARTY CONTRACTS
ECOP PURCHASED SERVICES PROGRAM - DESIGNED TO PROVIDE FRAIL ELDERS WHO MEET STATE HOME CARE PROGRAM GUIDELINES AND ARE AT HIGH RISK OF NURSING HOME PLACEMENT
OTHER PROGRAMS AND SERVICES TO ASSIST AND IMPROVE THE LIFE OF ELDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan F Hatem-Roy Chief Executive Officer | Officer | 37.5 | $227,974 |
Tammy A O'donnell Chief Financial Officer | Officer | 37.5 | $178,993 |
Christine M Tardiff Chief Operating Officer/vp | 37.5 | $156,103 | |
Deborah R Crooke Chief Information Officer | 37.5 | $138,298 | |
Jennifer R Raymond Chief Strategy Officer | 37.5 | $134,411 | |
Maurice E Balboni Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Multicultural Homecare Inc Sub-contract Services To Elders | 6/29/22 | $11,138,485 |
International Health Solutions Sub-contract Services To Elders | 6/29/22 | $2,045,821 |
Associated Home Care Llc Sub-contract Services To Elders | 6/29/22 | $9,806,843 |
Northeast Arc Inc Sub-contract Services To Elders | 6/29/22 | $3,851,950 |
Right At Home-haverhill Sub-contract Services To Elders | 6/29/22 | $3,098,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,178,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,753,930 |
| Total Program Service Revenue | $102,999,965 |
| Investment income | $20,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,934,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,178 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $504,719 |
| Compensation of current officers, directors, key employees. | $73,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,785,724 |
| Pension plan accruals and contributions | $693,351 |
| Other employee benefits | $4,188,069 |
| Payroll taxes | $2,011,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,466 |
| Fees for services: Accounting | $93,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,578 |
| Fees for services: Other | $198,639 |
| Advertising and promotion | $94,213 |
| Office expenses | $420,916 |
| Information technology | $1,210,713 |
| Royalties | $0 |
| Occupancy | $1,640,271 |
| Travel | $713,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,929 |
| Insurance | $133,141 |
| All other expenses | $142,567 |
| Total functional expenses | $101,015,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,757,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,269,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $110 |
| Prepaid expenses and deferred charges | $212,726 |
| Net Land, buildings, and equipment | $507,885 |
| Investments—publicly traded securities | $610,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,690 |
| Total assets | $46,498,915 |
| Accounts payable and accrued expenses | $16,110,554 |
| Grants payable | $0 |
| Deferred revenue | $1,174,298 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $714,825 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,999,677 |
| Net assets without donor restrictions | $28,279,298 |
| Net assets with donor restrictions | $219,940 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $46,498,915 |
Grants Awarded
Over the last fiscal year, Agespan Inc has awarded $199,320 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrence, MA PURPOSE: LEGAL AID | $113,538 |
MIDDLETON COUNCIL ON AGING PURPOSE: OUTREACH/CASE MANAGEMENT SERVICES | $18,319 |
PEABODY COA PURPOSE: TRANSPORTATION | $14,197 |
SALEM COA PURPOSE: TRANSPORTATION | $13,904 |
Haverhill, MA PURPOSE: COAT PROGRAM /JOB TRAINING | $11,250 |
Haverhill, MA PURPOSE: SHELTER SERVICES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Agespan Inc has recieved totaling $531,710.
| Awarding Organization | Amount |
|---|---|
Tufts Health Plan Foundation Inc Canton, MA PURPOSE: Build Healthy Aging Programs Across NE | $200,000 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA PURPOSE: Healthy Living Ctr Falls Prevent Prog | $190,000 |
Essex County Community Foundation Incorporated Danvers, MA | | $88,128 |
Usaging Washington, DC PURPOSE: SERVICES FOR THE AGING GRANT | $25,000 |
The Andover Companies Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Meals On Wheels America Arlington, VA PURPOSE: PROJECT SUPPORT AND OTHER SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agespan Inc Lawrence, MA | $46,498,915 | $107,934,032 |
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |