Ivinson Memorial Home For Aged Ladies
- Assets
- $17.1m
- Revenue
- $989.5k
- Investments
- $15.8m
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 06/1948
- Data as of
- 12/2023
- EIN
- 83-0179773
Organization Overview
Ivinson Memorial Home For Aged Ladies is located in Laramie, WY. The organization was established in 1948. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivinson Memorial Home For Aged Ladies 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, Ivinson Memorial Home For Aged Ladies generated $989.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $870.5k during the year ending 12/2023. While expenses have increased by 4.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IVINSON MEMORIAL HOME FOR AGED LADIES PROVIDES A HOME-LIKE PLACE FOR AGED WOMEN WHO ARE LONELY AND TO WHOM A HOME ENVIRONMENT AND PERSONAL ASSOCIATION ARE ESSENTIAL. THE RESIDTS MUST BE 65 YEARS OF AGE OR OLDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Dodds Trustee | 2 | $8,820 | |
Dana Gapter Director | 40 | $64,951 | |
Greg Weisz Trustee | 1 | $8,820 | |
Nancy Stutzman Trustee | 1 | $8,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $247,814 |
| Interest on Savings | $9,297 |
| Dividends & Interest | $649,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,850 |
| Capital Gain Net Income | $77,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,195 |
| Total Revenue | $989,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,411 |
| Other employee salaries and wages | $284,077 |
| Pension plans, employee benefits | $104,028 |
| Interest | $2 |
| Taxes | $0 |
| Depreciation | $5,127 |
| Occupancy | $59,589 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $304,595 |
| Total operating and administrative expenses | $867,491 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $870,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90 |
| Savings and temporary cash investments | $198,226 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,069,116 |
| Other assets | $0 |
| Total assets | $17,068,934 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,418 |
| Total liabilities | $11,418 |
Grants Awarded
Over the last fiscal year, Ivinson Memorial Home For Aged Ladies has awarded $3,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPICE OF LARAMIE PURPOSE: TO SUPPORT HOSPICE | $500 |
EPPSON CENTER PURPOSE: TO SUPPORT SENIORS | $500 |
LARAMIE CARES FOUNDATION PURPOSE: MEMORIAL FOR CHRIS GAPTOR | $500 |
LARAMIE PLAINS MUSEUM PURPOSE: TO SUPPORT LOCAL MUSEUM | $1,500 |