Leadingage Virginia
- Assets
- $864.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 09/1975
- Data as of
- 06/2022
- EIN
- 51-0152918
Organization Overview
Leadingage Virginia is located in Glen Allen, VA. The organization was established in 1975. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage Virginia is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Leadingage Virginia generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDING THE WORLD OF POSSIBILITIES FOR AGING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADINGAGE VIRGINIA IS A STATEWIDE ORGANIZATION OF RETIREMENT HOUSING COMMUNITIES, ASSISTED LIVING COMMUNITIES, NURSING HOMES, CONTINUING CARE RETIREMENT COMMUNITIES AND/OR LIFE PLAN COMMUNITIES, AND ADULT DAY SERVICES PROVIDERS AS WELL AS OTHER ORGANIZATIONS SERVING VIRGINIA'S SENIOR RESIDENTS. LEADINGAGE VIRGINIA IS A 501 (C)(6) ORGANIZATION FOCUSED ON EDUCATION, ADVOCACY, AND POSITIVE AGING FOR EACH VIRGINIAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Andrews President/ceo | Officer | 40 | $199,370 |
Dana Parsons Vice President | Officer | 40 | $135,928 |
Greg Storer Vice Chair | OfficerTrustee | 0.1 | $0 |
John Burns Treasurer | OfficerTrustee | 0.1 | $0 |
Libby Bush Chair | OfficerTrustee | 0.1 | $0 |
Jeannie Shiley Immediate Past Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $394,814 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,470 |
| Total Program Service Revenue | $676,024 |
| Investment income | $15,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,785 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,087 |
| 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. | $244,352 |
| Compensation of current officers, directors, key employees. | $97,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,993 |
| Payroll taxes | $40,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,875 |
| Fees for services: Lobbying | $48,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,234 |
| Fees for services: Other | $45,500 |
| Advertising and promotion | $11,000 |
| Office expenses | $35,438 |
| Information technology | $23,150 |
| Royalties | $0 |
| Occupancy | $43,140 |
| Travel | $7,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229,153 |
| Interest | $4,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,734 |
| Insurance | $4,528 |
| All other expenses | $15,249 |
| Total functional expenses | $1,153,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,439 |
| Savings and temporary cash investments | $79,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,289 |
| 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 | $39,766 |
| Net Land, buildings, and equipment | $7,285 |
| Investments—publicly traded securities | $417,551 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $864,185 |
| Accounts payable and accrued expenses | $116,899 |
| Grants payable | $0 |
| Deferred revenue | $71,410 |
| 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 | $146,082 |
| Other liabilities | $2,762 |
| Total liabilities | $337,153 |
| Net assets without donor restrictions | $527,032 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $864,185 |
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