Cooperative Elder Services Inc
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 64
- Location
- Concord, MA
- Founding
- 10/1979
- Data as of
- 06/2021
- EIN
- 04-2680168
Organization Overview
Cooperative Elder Services Inc is located in Concord, MA. The organization was established in 1979. 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 06/2021, Cooperative Elder Services Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Elder Services 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 06/2021, Cooperative Elder Services Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAYCARE SERVICES FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE SERVICES FOR APPROXIMATELY 300 FRAIL ELDERLY AND ADULT HANDICAPPED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Johnson Executive Director | 40 | $121,414 | |
Joanne Thomas Secretary | OfficerTrustee | 1 | $0 |
Tony Dellovo Treasurer | OfficerTrustee | 1 | $0 |
Kelly Marino Vice President | OfficerTrustee | 1 | $0 |
Erik Langhoff President | OfficerTrustee | 1 | $0 |
Kitty O'connor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,577 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,541 |
| Total Program Service Revenue | $566,057 |
| Investment income | $84,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,306,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,066,429 |
| Pension plan accruals and contributions | $14,756 |
| Other employee benefits | $180,211 |
| Payroll taxes | $76,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,832 |
| Fees for services: Accounting | $9,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,011 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,941 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $242,216 |
| Travel | $2,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,575 |
| Insurance | $25,673 |
| All other expenses | $152,436 |
| Total functional expenses | $2,223,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104 |
| Savings and temporary cash investments | $361,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,938 |
| Net Land, buildings, and equipment | $112,210 |
| Investments—publicly traded securities | $2,633,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,051 |
| Total assets | $3,328,498 |
| Accounts payable and accrued expenses | $168,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $353,757 |
| Other liabilities | $0 |
| Total liabilities | $522,249 |
| Net assets without donor restrictions | $2,806,249 |
| Net assets with donor restrictions | $0 |
| 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 | $3,328,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cooperative Elder Services Inc has recieved totaling $77.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Endowment Analysis
| Beg. Balance | $599,941 |
| Earnings | $183,678 |
| Other Expense | $25,000 |
| Ending Balance | $758,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aging Services Of North Central Massachusetts Inc Leominster, MA | $14,624,606 | $19,675,001 |
Elder Services Of Berkshire County Inc Pittsfield, MA | $9,516,425 | $19,015,967 |
Health And Social Services Consortium Inc Sharon, MA | $5,836,726 | $15,789,545 |
Regional Aid For Interim Needs Inc Bronx, NY | $8,633,241 | $14,474,585 |
Southwestern Connecticut Agency On Aging Inc Bridgeport, CT | $5,636,957 | $14,605,418 |
Agency On Aging Of South Central Connecticut Inc North Haven, CT | $13,700,521 | $15,421,651 |
Lifespan Of Greater Rochester Inc Rochester, NY | $9,941,084 | $14,510,334 |
New York Foundation For Senior Citizens Inc New York, NY | $13,582,730 | $12,552,678 |
Greater Boston Chinese Golden Age Center Inc Boston, MA | $9,742,938 | $12,906,257 |
Dorot Inc New York, NY | $35,059,991 | $15,081,294 |
United Presbyterian & Reformed Adult Ministries Inc Flushing, NY | $13,773,181 | $9,913,948 |
Bergen Basin Commmunity Development Corporation Brooklyn, NY | $2,562,211 | $8,388,294 |