Founders Hall Foundation Inc
- Assets
- $7.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Ridgefield, CT
- Founding
- 09/2001
- Data as of
- 12/2020
- EIN
- 31-1776375
Organization Overview
Founders Hall Foundation Inc is located in Ridgefield, CT. The organization was established in 2001. 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 12/2021, Founders Hall Foundation Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founders Hall Foundation 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 12/2020, Founders Hall Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $970.2k during the year ending 12/2020. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDERS HALL IS DEDICATED TO PROVIDING A DIVERSE PROGRAM OF SOCIAL, EDUCATIONAL AND PHYSICAL FITNESS PROGRAMS FOR TODAY'S ACTIVE SENIORS IN A WARM, FUN AND STIMULATING ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMESTER PROGRAMS: OUR DIVERSE AND DYNAMIC PROGRAMMING OFFERS OPPORTUNITIES FOR LIFE-LONG LEARNING. IN 2021, MORE THAN 3,300 PEOPLE WERE INSPIRED BY CLASSES IN ART, TECHNOLOGY, CURRENT EVENTS, GENEALOGY, HISTORY, INVESTMENTS, LITERATURE, LANGUAGES, MUSIC, WRITING AND MORE. OVER 75 FOUNDERS HALL INSTRUCTORS TAUGHT SENIOR LEARNERS; AND, THOSE LEARNERS BROUGHT LIFETIMES OF WISDOM TO THE DISCUSSION, ENRICHING THE EXPERIENCE FOR ALL. MEMBERS EXPRESSED THEIR CREATIVITY THROUGH CLASSES IN CHORUS, DRAWING, PORTRAITURE, WATERCOLORS, OIL PAINTING, WEAVING, QUILTING, SEWING, KNITTING, CROCHETING, RUG HOOKING AND WOOD CARVING. STILL IN THE MIDST OF THE COVID-19 PANDEMIC, PROGRAMS REMAINED VIRTUAL UNTIL JUNE OF 2021. AT THAT TIME, PROGRAMS WERE OFFERED ON-LINE OR IN-PERSON - OR A COMBINATION OF THE TWO.
FITNESS PROGRAM:OUR MEMBERS KNOW THAT IF THEY'RE GOING TO KEEP LEARNING, THEY HAVE TO KEEP MOVING. SO DURING 2021, MEMBERS TOOK ALL KINDS OF FITNESS CLASSES THROUGH FOUNDERS HALL, FROM SIMPLE STRETCHING TO HARD-CORE STRENGTHENING AS WELL AS AEROBICS, BASKETBALL CLINICS, PICKLEBALL, YOGA, DANCING AND MORE. IN JUNE, SOME IN-PERSON CLASSES WERE OFFERED IN ADDITION TO THE ON-LINE PROGRAMS.
SOCIAL EVENTS AND TRIPS: AT FOUNDERS HALL, LIFELONG RESIDENTS AND THOSE NEW TO TOWN ALL DISCOVER A SUPPORTIVE COMMUNITY THAT UNDERSTANDS THE OPPORTUNITIES AND CHALLENGES OF LIFE AFTER 60. MEMBERS ENJOYED GETTING TOGETHER VIRTUALLY, THROUGH 'DRIVE-BY' EVENTS, AND IN-PERSON BEGINNING WITH THE INDEPENDENCE DAY PICNIC IN JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Weber Executive Director | Officer | 40 | $119,558 |
Jennifer Kubick Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Goldstone Treasurer | OfficerTrustee | 10 | $0 |
John Couri President | OfficerTrustee | 10 | $0 |
Steven F Goldstone Chairman Of The Board | OfficerTrustee | 10 | $0 |
Christopher Couri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,293 |
| Investment income | $70,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,030,889 |
| Statement of Expenses | |
|---|---|
| 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. | $126,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,004 |
| Pension plan accruals and contributions | $26,733 |
| Other employee benefits | $8,804 |
| Payroll taxes | $45,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,429 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,320 |
| Advertising and promotion | $0 |
| Office expenses | $99,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,691 |
| 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 | $87,462 |
| Insurance | $15,830 |
| All other expenses | $0 |
| Total functional expenses | $970,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,071,404 |
| Savings and temporary cash investments | $187,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,316 |
| 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 | $10,774 |
| Investments—publicly traded securities | $3,911,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $6,968,096 |
| Accounts payable and accrued expenses | $11,672 |
| Grants payable | $0 |
| Deferred revenue | $43,310 |
| 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 | $105,200 |
| Other liabilities | $22,186 |
| Total liabilities | $182,368 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,785,728 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Founders Hall Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Patrick Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $4,732,162 |
| Earnings | $562,348 |
| Net Contributions | $170,000 |
| Ending Balance | $5,464,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |
Foundation For The Elderly Inwood, NY | $9,324,447 | $36,299,710 |
Bristol Elder Services Inc Fall River, MA | $23,803,109 | $36,848,253 |