Bay Aging Foundation
- Assets
- $894.9k
- Revenue
- -$104.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Urbanna, VA
- Founding
- 04/2004
- Data as of
- 09/2022
- EIN
- 13-4232354
Organization Overview
Bay Aging Foundation is located in Urbanna, VA. The organization was established in 2004. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Aging Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE PROGRAMS AND SERVICES TO PEOPLE OF ALL AGES TO LIVE INDEPENDENTLY IN THEIR OWN HOMES AND COMMUNITIES AS LONG AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO BAY AGING TO PROVIDE FUNDS FOR PROGRAMS FOR AND THE DELIVERING OF SERVICES TO PERSONS OF ALL AGES TO ALLOW THEM TO LIVE INDEPENDENTLY IN THEIR HOMES AND COMMUNITIES FOR AS LONG AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Doyle Chairman | OfficerTrustee | 2 | $0 |
Kathy Vesley President/ceo | OfficerTrustee | 2 | $0 |
Barry L Gross Secretary | OfficerTrustee | 2 | $0 |
Ron Saunders Treasurer | OfficerTrustee | 2 | $0 |
Tinsley Goad CFO | Officer | 2 | $0 |
James N Carter Jr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,118 |
| Total Program Service Revenue | $0 |
| Investment income | $14,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$200,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$104,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,360 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,428 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $72,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,480 |
| Savings and temporary cash investments | $46,242 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $821,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $894,888 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $894,888 |
| 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 | $894,888 |
Grants Awarded
Over the last fiscal year, Bay Aging Foundation has awarded $303,718 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Urbanna, VA PURPOSE: HOUSING PROJECT | $100,000 |
Urbanna, VA PURPOSE: HOUSING PROJECT | $100,000 |
Urbanna, VA PURPOSE: OPERATIONS | $51,859 |
Urbanna, VA PURPOSE: OPERATIONS | $51,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Curesearch For Childrens Cancer Bethesda, MD | $8,075,617 | $6,245,230 |
Thompson Cancer Survival Foundation Knoxville, TN | $13,217,499 | $588,264 |
Ovarian Cancer National Alliance Washington, DC | $1,318,025 | $1,732,411 |
Sarnoff Cardiovascular Research Foundation Inc Mclean, VA | $51,786,432 | $3,393,739 |
American Podiatric Medical Assoc Educational Foundation Inc Bethesda, MD | $9,121,172 | $787,765 |
Interfaith Dental Supporting Foundation Nashville, TN | $6,997,857 | $311,030 |
Sherrys Hope Inc Lebanon, TN | $987,864 | $411,621 |
Nolan Robison Foundation Inc Lutherville Timonium, MD | $281,941 | $222,320 |
Itineris Foundation Baltimore, MD | $4,895,467 | $948,681 |
Arlington County Medical Society Foundation Arlington, VA | $82,058 | $0 |
Ifb Solutions Foundation Inc Winstonsalem, NC | $10,117,523 | $293,441 |
Bay Aging Foundation Urbanna, VA | $894,888 | -$104,040 |