Presbyterian Seniorcare Foundation
- Assets
- $8.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakmont, PA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 56-2289600
Organization Overview
Presbyterian Seniorcare Foundation is located in Oakmont, PA. The organization was established in 2003. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Seniorcare Foundation 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 12/2021, Presbyterian Seniorcare Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 24.8% 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.
Since 2016, Presbyterian Seniorcare Foundation has awarded 33 individual grants totaling $9,088,609. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING ARM OF PRESBYTERIAN SENIORCARE AND ITS TAX EXEMPT AFFILIATES.THE MISSION OF THE PRESBYTERIAN SENIORCARE FOUNDATION IS TO SUPPORT PRESBYTERIAN SENIORCARE AND ITS TAX-EXEMPT AFFILIATES BY BUILDING RELATIONSHIPS AND CREATING A CULTURE THAT VALUES DONORS, PHILANTHROPY, VOLUNTEERS, AND STEWARDSHIP.ESTABLISHED ON JANUARY 25, 1928 IN THE COMMONWEALTH OF PENNSYLVANIA, PRESBYTERIAN SENIORCARE IS A NOT-FOR-PROFIT, CHARITABLE ORGANIZATION COMMITTED TO ENRICHING THE AGING EXPERIENCE THROUGH PERSON-CENTERED SERVICE AND LIVING OPTIONS. IN KEEPING WITH THE CHARITABLE MISSION OF PRESBYTERIAN SENIORCARE, DONORS GENEROUSLY CONTRIBUTE GIFTS THAT SUPPORT BENEVOLENT CARE, CAPITAL IMPROVEMENTS, PROGRAM ENHANCEMENTS, AND AN EMERGENCY FUND FOR EMPLOYEES IN DIRE NEED THROUGH THE PRESBYTERIAN SENIORCARE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL FUNDRAISING PROGRAMS AND SERVICES ARE CONDUCTED TO SUPPORT THE CHARITABLE MISSION OF PRESBYTERIAN SENIORCARE AND ITS AFFILIATED TAX EXEMPT CHARITABLE ORGANIZATIONS. PRESBYTERIAN SENIORCARE IS THE SOLE MEMBER OF NUMEROUS NONPROFIT MEMBERSHIP CORPORATIONS THAT PROVIDE A REGIONAL SYSTEM OF HOUSING, PERSONAL CARE, ALZHEIMER'S AND DEMENTIA CARE, LONG-TERM AND REHABILITATION HEALTHCARE, AND COMMUNITY SERVICES FOR OLDER ADULTS. OF NOTE ARE ITS 28 AFFORDABLE HOUSING COMMUNITIES SERVING PERSONS WITH DISABILITIES AND LOW-INCOME SENIORS THROUGH A SERVICE-ENRICHED MODEL THAT SUPPORTS AGING IN PLACE AND MINIMIZES THE NEED FOR INSTITUTIONAL CARE. PRESBYTERIAN SENIORCARE NETWORK GIVES BACK TO ITS LOCAL COMMUNITIES AND PROVIDES CHARITABLE CARE TO THE SENIORS IT SERVES IN ITS PERSONAL CARE COMMUNITIES WHO ARE NO LONGER ABLE TO PAY FOR THEIR CARE. IN 2021 ACROSS ITS REGIONAL NETWORK, IT PROVIDED A COMBINED TOTAL OF APPROXIMATELY $30 MILLION IN BENEVOLENT AND UNCOMPENSATED CARE, OF WHICH BENEVOLENT CARE REPRESENTED APPROXIMATELY $3 MILLION. THE PRESBYTERIAN SENIORCARE FOUNDATION SECURES FINANCIAL RESOURCES FOR PLACES, PROGRAMS AND BENEVOLENT CARE, ALSO KNOWN AS CHARITABLE CARE. ITS FUNDRAISING PROGRAMS INCLUDE SPECIAL EVENTS, SOLICITATIONS, MAJOR GIFTS AS WELL AS ANNUAL, MEMORIAL AND PLANNED GIVING. PROGRAMS ARE CONDUCTED AS A COMPREHENSIVE EFFORT AND INCLUDE BENEVOLENT CARE, RESIDENT AND STAFF ENRICHMENT, CAPITAL PROJECTS AND CAPITAL EQUIPMENT FUNDRAISING. SPECIAL EVENTS HELD BY THE FOUNDATION CONTINUED TO RAISE MUCH-NEEDED FUNDS FOR PRESBYTERIAN SENIORCARE NETWORK. THE TWO MAJOR EVENTS ARE YOUR HOLIDAY HOME AND THE ANNUAL GOLF OUTING. WE HAVE INCREASED BOTH THE NUMBER OF CORNERSTONE SOCIETY MEMBERS, THOSE WHO HAVE SUPPORTED PRESBYTERIAN SENIORCARE WITH A LEADERSHIP GIFT OF $1,000 OR MORE TO BENEVOLENT OR UNRESTRICTED SUPPORT, AND THE ANDERSON LEGACY SOCIETY DONORS WHO HAVE MADE PLANNED GIFTS BY INCLUDING US IN THEIR WILLS OR ESTATE PLANS, EACH OF THE LAST FOUR YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline S Flanagan Executive Director And Sec | Officer | 40 | $165,245 |
James B Pieffer Director And President | OfficerTrustee | 1 | $0 |
J Greg Malisky Treasurer | Officer | 1 | $0 |
Louis E Waller Director | Trustee | 1 | $0 |
Paul M Winkler Director | Trustee | 1 | $0 |
Scott Pipitone Director And Vice-Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mele & Mele & Sons Construction Services For Program Grant | 12/30/21 | $115,393 |
Symbria Data Analytics For Program Grant | 12/30/21 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,753,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,851,292 |
| Total Program Service Revenue | $0 |
| Investment income | $233,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,349,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,463,738 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,105 |
| Pension plan accruals and contributions | $18,611 |
| Other employee benefits | $46,155 |
| Payroll taxes | $34,777 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,410 |
| Advertising and promotion | $0 |
| Office expenses | $35,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,200 |
| All other expenses | $0 |
| Total functional expenses | $4,372,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,825 |
| Savings and temporary cash investments | $2,244,127 |
| Pledges and grants receivable | $27,251 |
| Accounts receivable, net | $125,604 |
| 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 | $12,537 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,771,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,325,572 |
| Total assets | $8,697,066 |
| Accounts payable and accrued expenses | $1,189,506 |
| 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 | $1,189,506 |
| Net assets without donor restrictions | $2,661,255 |
| Net assets with donor restrictions | $4,846,305 |
| 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 | $8,697,066 |
Grants Awarded
Over the last fiscal year, Presbyterian Seniorcare Foundation has awarded $3,437,711 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Oakmont, PA PURPOSE: Benevolent Care and Capital Project | $3,156,634 |
Erie, PA PURPOSE: Capital Projects and Benevolent Care | $133,614 |
New Wilmington, PA PURPOSE: Capital Projects and Resident Programs | $72,384 |
Verona, PA PURPOSE: Capital Projects and Resident Programs | $66,079 |
Oakmont, PA PURPOSE: Assistance with new programming | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Presbyterian Seniorcare Foundation has recieved totaling $213,567.
| Awarding Organization | Amount |
|---|---|
Orpha J Mcgarey Charitable Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $39,911 |
Catherine R Edwards Trust Uw 04-18-38 108405gc125 Pittsburgh, PA PURPOSE: GENERAL OPERATING | $35,412 |
National Equity Fund Inc Chicago, IL PURPOSE: SUPPORT LOW INCOME HOUSING DEVELOPMENT | $30,000 |
Health Careers Futures Pittsburgh, PA PURPOSE: TEACHING NURSING HOMES PROGRAM | $25,000 |
Martha Lockhart Mason Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $20,052 |
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $20,000 |
Endowment Analysis
| Beg. Balance | $614,956 |
| Earnings | $59,819 |
| Ending Balance | $674,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jhl Corporate Services Inc New York, NY | $9,131,851 | $18,454,146 |
House Of Freedom Support Corporation Baltimore, MD | $49,667,310 | $5,810,229 |
Neighborhood Renewal Housing Development Fund Corporation New York, NY | $300,253,945 | $3,393,057 |
Jpc Affordable Housing Foundation Inc Newark, NJ | $16,189,985 | $7,541,928 |
Ohio Capital Impact Corporation Columbus, OH | $12,020,357 | $5,228,478 |
Presbyterian Seniorcare Foundation Oakmont, PA | $8,697,066 | $4,349,220 |
Jasa Housing Management Services For The Aged Inc New York, NY | $1,639,951 | $4,107,455 |
Fund For Public Housing Inc New York, NY | $1,013,121 | $2,190,535 |
Kendal New York Sleepy Hollow, NY | $0 | $1,764,852 |
Ehca Foundation Erie, PA | $9,325,618 | $619,289 |
Pines At Narragansett Housing Development Fund Company Inc Ossining, NY | $1,108,354 | $873,822 |
St Peters Italian Church Housing Development Fund Co Inc Syracuse, NY | $3,862,039 | $1,176,808 |