Reserve Elder Service Inc
- Assets
- $1.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2005
- Data as of
- 09/2023
- EIN
- 81-0665063
Organization Overview
Reserve Elder Service Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reserve Elder Service 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 09/2023, Reserve Elder Service Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.1m during the year ending 09/2023. While expenses have increased by 0.6% per year over the past 8 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
WE EMPOWER A GENERATION OF OLDER ADULTS IN THE WORK OF HELPING SOLVE SOCIETAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda P Fried MD Director | Trustee | 1 | $0 |
Kathleen Kelley Director | Trustee | 1 | $0 |
Jay B Martin Director | Trustee | 1 | $0 |
Alison Pavia Secretary | OfficerTrustee | 1 | $0 |
Michael M Weinstein Chairperson | OfficerTrustee | 1 | $0 |
Monica Drinane Director (thru 12/2023) | 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 | $3,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,390 |
| Total Program Service Revenue | $4,941,749 |
| Investment income | $4,392 |
| 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 | $4,950,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,443,289 |
| 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 | $645,931 |
| Pension plan accruals and contributions | $43,952 |
| Other employee benefits | $62,693 |
| Payroll taxes | $61,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,281 |
| Advertising and promotion | $250 |
| Office expenses | $33,904 |
| Information technology | $5,597 |
| Royalties | $0 |
| Occupancy | $115,099 |
| Travel | $22,983 |
| 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 | $5,850 |
| Insurance | $17,258 |
| All other expenses | $0 |
| Total functional expenses | $5,088,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $959,436 |
| 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 | $1,350 |
| Net Land, buildings, and equipment | $14,640 |
| Investments—publicly traded securities | $37,583 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,308 |
| Total assets | $1,621,516 |
| Accounts payable and accrued expenses | $427,579 |
| 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 | $3,375,037 |
| Total liabilities | $3,802,616 |
| Net assets without donor restrictions | -$2,289,394 |
| Net assets with donor restrictions | $108,294 |
| 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 | $1,621,516 |