Ladies Union Benevolent Society
- Assets
- $817.7k
- Revenue
- $12.9k
- Investments
- $642.3k
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 09/1941
- Data as of
- 12/2022
- EIN
- 15-0539106
Organization Overview
Ladies Union Benevolent Society is located in Ithaca, NY. The organization was established in 1941. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ladies Union Benevolent Society 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 12/2022, Ladies Union Benevolent Society generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $83.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ladies Union Benevolent Society has awarded 63 individual grants totaling $507,697. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE OR ASSIST IN PROVIDING FOR THE CARE, NUTRITION, COMFORT, AND SOCIAL WELL BEING OF ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Carlson Secretary | 1 | $0 | |
Kathryn Schwoeble Treasurer | 1 | $0 | |
Becky Kirby Vice Pres | 1 | $0 | |
Janet Cleary President | 1 | $0 | |
Janette Miller Corr Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $656 |
| Dividends & Interest | $12,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $22,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,483 |
| Depreciation | $5,137 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,023 |
| Total operating and administrative expenses | $19,743 |
| Contributions, gifts, grants paid | $63,842 |
| Total expenses and disbursements | $83,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,359 |
| Savings and temporary cash investments | $32,665 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,680 |
| Net Land, buildings, and equipment | $147,954 |
| Other assets | $2,140 |
| Total assets | $817,714 |
| Accounts payable and accrued expenses | $93,702 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,192 |
| Total liabilities | $123,894 |
Grants Awarded
Over the last fiscal year, Ladies Union Benevolent Society has awarded $63,842 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LIFELONG PURPOSE: SENIOR ADVOCACY | $500 |
TOMPKINS COUNTY PUBLIC LIBRARY PURPOSE: PUBLIC LIBRARY | $500 |
GADABOUT PURPOSE: SENIOR TRANSPORTATION | $500 |
FOODNET PURPOSE: SENIOR FOOD/NUTRITION | $350 |
SALVATION ARMY PURPOSE: GENERAL HUMAN WELFARE SERVICES | $0 |
CANCER RESOURCE CENTER PURPOSE: CANCER CARE | $0 |