Elders First Adult Day Services Association / Mindful Care
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$99,840.00
Projected Expenses
$97,323.71
Organizational Budgets and Other Documents
IRS Letter of Exemption
elders first adult day services association irs ltr |
Detailed Financials
Revenue and Expenses
Fiscal Year | 2022 | 2021 | 2020 |
---|---|---|---|
Total Revenue | $112,538.00 | $88,025.00 | $90,860.00 |
Total Expenses | $100,745.00 | $104,461.00 | $104,731.00 |
Revenue Less Expenses | $11,793.00 | ($16,436.00) | ($13,871.00) |
Revenue Sources
Fiscal Year | 2022 | 2021 | 2020 |
---|---|---|---|
Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
Government - Federal | $0.00 | $0.00 | $0.00 |
Government - State | $0.00 | $0.00 | $0.00 |
Government - Local | $0.00 | $0.00 | $0.00 |
Government - Unspecified | $0.00 | $0.00 | $0.00 |
Contributions, Gifts, and Grants | $68,148.00 | $31,271.00 | $59,135.00 |
Indirect Public Support | $0.00 | $0.00 | $0.00 |
Earned Revenue | $44,390.00 | $56,754.00 | $31,725.00 |
Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
Membership Dues | $0.00 | $0.00 | $0.00 |
Special Events | $0.00 | $0.00 | $0.00 |
Revenue In-Kind | $0.00 | $0.00 | $0.00 |
Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
Fiscal Year | 2022 | 2021 | 2020 |
---|---|---|---|
Program Expense | $100,745.00 | $0.00 | $0.00 |
Administration Expense | $0.00 | $0.00 | $0.00 |
Fundraising Expense | $0.00 | $0.00 | $0.00 |
Total Revenue/Total Expenses | 112% | ||
Program Expense/Total Expenses | 100% | ||
Fundraising Expense/Contributed Revenue | 0% |
Top Funding Sources
Fiscal Year | 2022 | 2021 | 2020 |
---|---|---|---|
Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $68,148.00 | Program Revenue $56,754.00 | Contributions, Gifts, and Grants $59,135.00 |
Second Highest Funding Source & Dollar Amount | Program Revenue $44,390.00 | Contributions, Gifts, Grants $31,271.00 | Program Revenue $31,725.00 |
Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | $0.00 |
Assets and Liabilities
Fiscal Year | 2022 | 2021 | 2020 |
---|---|---|---|
Total Assets | $92,757.00 | $95,874.00 | $112,822.00 |
Current Assets | $92,569.00 | $95,874.00 | $112,822.00 |
Long-Term Liabilities | $0.00 | $16,480.00 | $15,990.00 |
Current Liabilities | $1,569.00 | $0.00 | $1,002.00 |
Total Net Assets | $91,187.00 | $79,394.00 | $95,830.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
I recently become more focused on the major public policy concern in the long-term care field: the potential burden an aging society will place on the care-giving system and public finances. The '2030 problem' involves the challenge of assuring that sufficient resources and an effective service system are available in twenty years, when the elderly population is twice what it is today. Much of this growth will be prompted by the aging of the Baby Boomers, who in 2030 will be aged 66 to 84--the 'young old'--and will number 61 million people. In addition to the Baby Boomers, those born prior to 1946--the 'oldest old'--will number 9 million people in 2030. We believe that adult day services programs will be essential to the future service system needed. An increasing reliance on Adult Day Services (ADS) is occurring since a growing number of spouses are still in the work force or work at second careers. In addition, a greater number of people live to an advanced age and must rely on adult children who are not yet at retirement age. Mindful CAre ADS would like to reach more of these caregivers to provide the adult day services option. |
Foundation Staff Comments
Financial Figures taken from the 990EZ. Foundation and corporate grants may be included in Contributions, Gits, and Grants sum, as these amounts are not separated in Form 990EZ. In some years, a breakdown of Program, Management and Fundraising expenses is not available as these are not included in Form 990EZ. Form 990EZ completed by Sue. H Patrick CPA Tax Services, Inc. Comments by Nicole Rose 09/06/2023. |