Society Of Active Retirees
- Assets
- $158.3k
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Farmington Hills, MI
- Founding
- 08/2011
- Data as of
- 06/2024
- EIN
- 32-0319717
Organization Overview
Society Of Active Retirees, operating under the name Soar-Lli, is located in Farmington Hills, MI. The organization was established in 2011. 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 06/2024, Soar-Lli employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soar-Lli 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 06/2024, Soar-Lli generated $238.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $149.6k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CLASSES AND EVENTS FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FALL CLASSES - APPROXIMATELY 420 PEOPLE - 53 IN PERSON OR ONLINE CLASSES ON VARIOUS TOPICS.
SIX SPECIAL EVENTS AND FIELD TRIPS, BENEFITING AT LEAST 300 PEOPLE.
WINTER CLASSES - 210 PEOPLE - 12 ONLINE CLASSES BASED ON THE THEME OF THE MADE IN MICHIGAN
SPRING CLASSES - ABOUT 375 PEOPLE - 53 IN PERSON AND ONLINE CLASSES ON VARIOUS TOPIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Yamstein Executive Director | Officer | 35 | $63,463 |
Constance Bush Program Assistant | Officer | 20 | $5,440 |
Susan Greenfield Chair And Director | OfficerTrustee | 4 | $0 |
Margaret Winters Vice Chair And Director | OfficerTrustee | 5 | $0 |
Gerald Breuer Treasurer And Director | OfficerTrustee | 5 | $0 |
Roberta Russ Secretary And Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,065 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,750 |
| Noncash contributions included in lines 1a–1f | $50,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,815 |
| Total Program Service Revenue | $116,311 |
| Investment income | $178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,702 |
| 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. | $76,714 |
| Compensation of current officers, directors, key employees. | $76,714 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,338 |
| Office expenses | $40,572 |
| Information technology | $8,763 |
| Royalties | $0 |
| Occupancy | $18,475 |
| 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 | $3,708 |
| All other expenses | $0 |
| Total functional expenses | $149,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,887 |
| Savings and temporary cash investments | $90,443 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,330 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $158,330 |
| Total liabilities and net assets/fund balances | $158,330 |