FiftyForward/Senior Citizens, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$4,814,930.00
Projected Expenses
$4,814,930.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| fiftyfoward/senior citizens, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $6,136,176.00 | $3,692,872.00 | $4,248,010.00 |
| Total Expenses | $5,228,434.00 | $4,855,158.00 | $4,663,382.00 |
| Revenue Less Expenses | $907,742.00 | ($1,162,286.00) | ($415,372.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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 | $1,229,519.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,522,820.00 | $2,381,420.00 | $2,661,490.00 |
| Indirect Public Support | $8,569.00 | $307,218.00 | $304,838.00 |
| Earned Revenue | $1,004,747.00 | $662,304.00 | $416,431.00 |
| Investment Income, Net of Losses | $8,015.00 | $-234,966.00 | $383,770.00 |
| Membership Dues | $0.00 | $113,252.00 | $90,068.00 |
| Special Events | $1,172,395.00 | $199,925.00 | $184,082.00 |
| Revenue In-Kind | $19,507.00 | $71,453.00 | $57,699.00 |
| Other | $175,351.00 | $192,268.00 | $149,632.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $4,031,687.00 | $3,753,123.00 | $3,508,606.00 |
| Administration Expense | $518,811.00 | $1,102,035.00 | $1,154,776.00 |
| Fundraising Expense | $380,936.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 124% | 76% | 91% |
| Program Expense/Total Expenses | 82% | 77% | 75% |
| Fundraising Expense/Contributed Revenue | 8% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,522,820.00 | Contributions, Gifts, Grants $2,381,420.00 | Contributions, Gifts, and Grants $2,661,490.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $1,229,519.00 | Program Revenue $662,304.00 | Program Revenue $416,431.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $1,172,395.00 | Fundraising Events $199,925.00 | Investment Income $383,770.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $15,021,830.00 | $16,788,627.00 | $16,688,891.00 |
| Current Assets | $3,097,182.00 | $2,134,557.00 | $2,324,247.00 |
| Long-Term Liabilities | $0.00 | $5,224,956.00 | $4,677,130.00 |
| Current Liabilities | $5,303,131.00 | $175,577.00 | $208,295.00 |
| Total Net Assets | $9,718,699.00 | $11,388,094.00 | $11,803,466.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,742,483.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| As with any nonprofit agency, balancing fundraising efforts and monitoring expenses while maintaining program integrity and producing change for those you serve is an annual challenge. FiftyForward fundraising continues to be ambitious each year as we work to meet the growing needs of the older population, update facilities, and increase and add technology to meet program challenges. The agency's finance and human resource committees and leadership team continue to look at staffing patterns, possible opportunities for outsourcing, and options for redesign when it offers the chance for financial savings. The agency's donors are engaged, and we are fortunate to have many who continue to support FiftyForward because we are good stewards. FiftyForward has tremendous opportunities in the coming decade as the fasting-growing group in our population grows and as we work to address their varied needs. We have a solid foundation and steady and strong board of directors and staff, and we are eager to see how we will meet the challenges ahead. |
Foundation Staff Comments
| Since 2011, financial data gathered from audited financial statements. Financials completed by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 12/1/23. |
