Milford Council On Aging
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Milford, CT
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 06-0863519
Organization Overview
Milford Council On Aging is located in Milford, CT. The organization was established in 2006. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Milford Council On Aging employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milford Council On Aging 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, Milford Council On Aging generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE SPECIALIZED NEEDS OF THE SENIOR CITIZEN POPULATION OF MILFORD, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MILFORD COUNCIL ON AGING CORPORATION PROVIDES THE FOLLOWING PROGRAMS AND SERVICES TO THE SENIOR CITIZEN POPULATION OF MILFORD, CONNECTICUT:SENIOR PROGRAM - THE ORGANIZATION PROVIDES ENRICHMENT FOR SENIORS BY OFFERING A VARIETY OF ACTIVITIES AND SERVICES THAT INVOLVE SENIORS IN THE LIFE OF THE COMMUNITY THROUGH ASSOCIATION WITH THE ORGNAIZATION, AND BY PROVIDING SOCIAL CONTACTS AND SUPPORT SYSTEMS.COMMUNITY SERVICES - THE ORGANIZATION PROVIDES TRANSPORTATION, SOCIAL SERVICES AND NUTRITION SERVICES TO MEMBERS OF THE COMMUNITY WHO MAY NOT BE ABLE TO ADEQUATELY PROVIDE THOSE SERVICES FOR THEMSELVES WITHOUT THE ORGANIZATION'S ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lillian Holmes Chair | OfficerTrustee | 0.5 | $0 |
Philip A Caporusso Vice Chair | OfficerTrustee | 0.5 | $0 |
Mary Beth Stickley Secretary | OfficerTrustee | 0.5 | $0 |
Shirley Serrano Treasurer | OfficerTrustee | 0.5 | $0 |
Gloria Lanna Vice Treasurer | OfficerTrustee | 0.5 | $0 |
Linda Stephenson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,417,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,006 |
| Noncash contributions included in lines 1a–1f | $375,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,894,203 |
| Total Program Service Revenue | $76,835 |
| Investment income | $12,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,992,196 |
| 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. | $62,888 |
| Compensation of current officers, directors, key employees. | $62,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,325 |
| Pension plan accruals and contributions | $15,701 |
| Other employee benefits | $185,394 |
| Payroll taxes | $60,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,994 |
| Advertising and promotion | $4,376 |
| Office expenses | $14,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $375,000 |
| Travel | $2,867 |
| 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 | $28,498 |
| Insurance | $95,174 |
| All other expenses | $0 |
| Total functional expenses | $1,696,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,973 |
| Savings and temporary cash investments | $364,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,025 |
| Net Land, buildings, and equipment | $142,685 |
| Investments—publicly traded securities | $700,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,221,662 |
| Accounts payable and accrued expenses | $18,590 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,590 |
| Net assets without donor restrictions | $1,187,848 |
| Net assets with donor restrictions | $15,224 |
| 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 | $1,221,662 |