Ivinson Memorial Home For Aged Ladies
- Assets
- $17.6m
- Revenue
- $1.7m
- Investments
- $16.5m
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 06/1948
- Data as of
- 12/2021
- 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 12/2021, Ivinson Memorial Home For Aged Ladies generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $675.4k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 5 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
2021
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 RESIDENTS MUST BE 62 YEARS OF AGE OR OLDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Huberty Director | 40 | $58,230 | |
Dana Gapter Director | 40 | $49,437 | |
Jeff Dodds Trustee | 2 | $8,400 | |
Greg Weisz Trustee | 0.75 | $8,400 | |
Nancy Stutzman Trustee | 0.75 | $8,400 | |
Paul Huberty Director | 40 | $1,923 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $224,180 |
| Interest on Savings | $181 |
| Dividends & Interest | $812,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $678,365 |
| Capital Gain Net Income | $678,365 |
| Net ST Capital Gain | $26,947 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $416 |
| Total Revenue | $1,715,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,790 |
| Other employee salaries and wages | $175,865 |
| Pension plans, employee benefits | $81,491 |
| Interest | $0 |
| Taxes | $27,781 |
| Depreciation | $0 |
| Occupancy | $44,682 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $199,136 |
| Total operating and administrative expenses | $675,435 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $675,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90 |
| Savings and temporary cash investments | $89,462 |
| 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 | $14,466,989 |
| Net Land, buildings, and equipment | $1,061,210 |
| Other assets | $0 |
| Total assets | $17,627,263 |
| 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 | $5,555 |
| Total liabilities | $5,555 |
Grants Awarded
Over the last fiscal year, Ivinson Memorial Home For Aged Ladies has awarded $2,749 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LARAMIE PLAINS MUSEUM PURPOSE: TO SUPPORT THE MUSEUM | $1,200 |
Laramie, WY PURPOSE: TO SUPPORT HOSPICE | $750 |
WYOMING SENIOR OLYMPICS PURPOSE: TO SUPPORT THE WYOMING SENIOR OLYMPICS | $500 |
Laramie, WY PURPOSE: TO SUPPORT THE LARAMIE BUSINESS COMMUNITY | $299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sanford-Good Samaritan Community Health Services Llc Sioux Falls, SD | $42,246,559 | $49,986,329 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Presbyterian Retirement Village Of Rapid City Inc Rapid City, SD | $122,977,184 | $26,029,434 |
Covenant Village Of Colorado Inc Westminster, CO | $64,362,379 | $21,261,288 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Shalom Park Aurora, CO | $9,949,868 | $15,419,894 |
Florence Home For The Aged Omaha, NE | $5,548,630 | $13,264,591 |
Christian Retirement Homes Inc Lincoln, NE | $30,882,827 | $12,805,842 |
Jenkins Living Center Inc Watertown, SD | $13,703,611 | $12,900,804 |
Missions United Inc Billings, MT | $58,330,766 | $11,930,517 |