Supporting Older Adults Through Resources Inc
- Assets
- $96.3k
- Revenue
- $370.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Frederick, MD
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3716967
Organization Overview
Supporting Older Adults Through Resources Inc is located in Frederick, MD. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Supporting Older Adults Through Resources Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supporting Older Adults Through 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 12/2023, Supporting Older Adults Through Resources Inc generated $370.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $413.7k during the year ending 12/2023. While expenses have increased by 48.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO SENIOR CITIZENS IN FREDERICK COUNTY MARYLAND. ASSISTANCE IS FOR, BUT NOT LIMITED TO, HOUSING, UTILITIES, TRANSPORTATION AND MEDICAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BI-WEEKLY FOOD PURCHASE AND DELIVERY FOR 21 SENIORS.MONTHLY SHELF-STABLE FOOD DELIVERY FOR 34 SENIORS.MEDICATION MANAGEMENT PROGRAM AS WELL AS ASSISTANCE PAYING MEDICAL BILLS AND FINDING MEDICAL EQUIPMENT.TRANSPORTATION PROVIDED TO SENIORS TO GET TO VARIOUS NECESARY APPOINTMENTS INCLUDING DOCTORS VISITS AND THE GROCERY STORE.FINANICAL ASSISTANCE FOR UTILITY PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Schultz Executive Director | Officer | 40 | $81,950 |
Erin Betz Director | Trustee | 1 | $0 |
Rebecca Full Director | Trustee | 1 | $0 |
JD Shuman Director | Trustee | 1 | $0 |
Lindsey Mccormick Director | Trustee | 1 | $0 |
Stacy Reno Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,500 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $109,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,858 |
| 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. | $81,950 |
| Compensation of current officers, directors, key employees. | $8,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,000 |
| Payroll taxes | $9,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,722 |
| Office expenses | $14,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,233 |
| Travel | $1,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,446 |
| Insurance | $2,445 |
| All other expenses | $0 |
| Total functional expenses | $413,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,841 |
| Savings and temporary cash investments | $0 |
| 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 | $13,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,432 |
| Total assets | $96,276 |
| Accounts payable and accrued expenses | $128 |
| 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 | $128 |
| 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 | $96,148 |
| Total liabilities and net assets/fund balances | $96,276 |