The Elder Foundation
- Assets
- $502.0k
- Revenue
- $24.9k
- Investments
- $331.4k
- Employees
- 0
- Location
- Somerset, PA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 23-7749572
Organization Overview
The Elder Foundation is located in Somerset, PA. The organization was established in 1994. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, 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. Elder Foundation 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, Elder Foundation generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Somerset Trust Co Trustee | 0 | $4,609 | |
Georgiann Petrilla Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,215 |
| Dividends & Interest | $12,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,159 |
| Capital Gain Net Income | $11,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,609 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,797 |
| Contributions, gifts, grants paid | $29,400 |
| Total expenses and disbursements | $35,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,935 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $155,672 |
| Total assets | $501,973 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Elder Foundation has awarded $29,400 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASHBURY U METH CHURCH PURPOSE: PROMOTE RELIGIOUS PROGRAMS | $900 |
BOYS & GIRLS CLUB PURPOSE: PROMOTE ACTIVITIES FOR CHILDREN | $430 |
CHILDREN'S HOSPITAL HELP FUND PURPOSE: PROMOTE HEALTH OF CHILDREN | $900 |
BLIND & VISION PURPOSE: PROMOTE ACTIVITIES FOR THE DISABLED | $900 |
CLARION HISTROICAL SOCIETY PURPOSE: PRESERVATION OF HISTORICAL SITES | $1,200 |
COOK FOREST SAWMILL PURPOSE: PROMOTE THE ARTS | $1,200 |