Senior Resources Inc
- Assets
- $1.0m
- Revenue
- $287.6k
- Investments
- $25.0k
- Employees
- 17
- Location
- Muscatine, IA
- Founding
- 12/1972
- Data as of
- 06/2020
- EIN
- 42-1001870
Organization Overview
Senior Resources Inc is located in Muscatine, IA. The organization was established in 1972. 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 06/2020, Senior Resources Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Resources 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 06/2020, Senior Resources Inc generated $287.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $388.6k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. 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
TO PROMOTE AND PROVIDE PROGRAMS TO ENHANCE THE QUALITY OF LIFE OF THE SENIOR CITIZENS OF MUSCATINE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEALS ON WHEELS - PROVIDES MEALS TO THE HOMES OF SENIOR CITIZENS.
OUTREACH - PROVIDES VISITS IN THE HOMES OF SENIOR CITIZENS BY TRAINED STAFF FOR THE PURPOSE OF ASSESSING THE SENIORS' NEEDS AND MATCHING THE SENIOR WITH NEEDED SERVICES
ADULT DAY - PROVIDE ADULT DAY CARE TO SENIOR CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Williams Director | Trustee | 1 | $0 |
Jeff Pattison Director | Trustee | 1 | $0 |
Megan Francis Director | Trustee | 1 | $0 |
Tina Campbell Director | Trustee | 1 | $0 |
Matt Schweizer President | Officer | 3 | $0 |
Cindy Carver Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,258 |
| Investment income | $8,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,604 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $387 |
| Payroll taxes | $14,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,100 |
| Advertising and promotion | $828 |
| Office expenses | $16,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,736 |
| Travel | $1,687 |
| 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 | $24,690 |
| Insurance | $11,040 |
| All other expenses | $0 |
| Total functional expenses | $388,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,260 |
| Savings and temporary cash investments | $76,759 |
| Pledges and grants receivable | $73,750 |
| Accounts receivable, net | $12,300 |
| 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 | $639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,493 |
| Total assets | $1,039,212 |
| Accounts payable and accrued expenses | $13,733 |
| 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 | $13,733 |
| 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 | $1,025,479 |