Indian River Senior Center Inc
- Assets
- $1.2m
- Revenue
- $289.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Millsboro, DE
- Founding
- 03/1975
- Data as of
- 06/2022
- EIN
- 51-0117188
Organization Overview
Indian River Senior Center Inc is located in Millsboro, DE. The organization was established in 1975. 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 06/2022, Indian River Senior Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian River Senior Center 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 06/2022, Indian River Senior Center Inc generated $289.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $294.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE,EQUIP,CONDUCT AND MAINTAIN A NON-PROFIT FACILITY WITH SKILL AND PROFICIENCY FOR SENIOR CITIZENS. TO CONDUCT ACTIVITIES FOR EDUCATION, RECREATION AND ENTERTAINMENT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SERVICES TO SENIOR CITIZENS OF MILLSBORO DELAWARE AND SOUTHEAST SUSSEX COUNTY DELAWARE
TO PROVIDE SERVICES FOR THE SENIOR CITIZENS OF MILLSBORO, DELAWARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Fox Director | Trustee | 2 | $0 |
Mitch Rogers Director | Trustee | 2 | $0 |
Mike Connelly Vice Preside | Officer | 5 | $0 |
Edward Bishop President | Officer | 10 | $0 |
Steve Riley Treasurer | Officer | 5 | $0 |
Bob Doughty Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,837 |
| Investment income | $1,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $288,963 |
| 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 | $83,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,685 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,217 |
| Insurance | $7,461 |
| All other expenses | $0 |
| Total functional expenses | $294,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,348 |
| Savings and temporary cash investments | $131,031 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,224,230 |
| Accounts payable and accrued expenses | $4,538 |
| 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 | $910,448 |
| Other liabilities | $1,121 |
| Total liabilities | $916,107 |
| Net assets without donor restrictions | $308,123 |
| 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 | $308,123 |