Elderly Services Inc
- Assets
- $9.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 60
- Location
- Middlebury, VT
- Founding
- 09/1993
- Data as of
- 06/2024
- EIN
- 03-0280968
Organization Overview
Elderly Services Inc is located in Middlebury, VT. The organization was established in 1993. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Elderly Services Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderly Services 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 06/2024, Elderly Services Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DAY CARE AND ADVOCACY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE AND ADVOCACY FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Bolton Executive Director | Officer | 40 | $93,413 |
Sonja Olson Vice President | OfficerTrustee | 1 | $0 |
Betsy Etchells President | OfficerTrustee | 1 | $0 |
Susan Montgomery Secretary | OfficerTrustee | 1 | $0 |
Kathy Starr Treasurer | OfficerTrustee | 1 | $0 |
Mary Sullivan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $610,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,713,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,323,918 |
| Total Program Service Revenue | $1,783,989 |
| Investment income | $133,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,600 |
| 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 | $4,257,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,250,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,844 |
| Payroll taxes | $107,553 |
| 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 | $0 |
| Advertising and promotion | $12,822 |
| Office expenses | $16,740 |
| Information technology | $19,672 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,790 |
| 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 | $8,035 |
| Depreciation, depletion, and amortization | $153,496 |
| Insurance | $37,738 |
| All other expenses | $264,323 |
| Total functional expenses | $2,281,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $425,929 |
| Accounts receivable, net | $217,403 |
| 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 | $9,346 |
| Net Land, buildings, and equipment | $3,246,334 |
| Investments—publicly traded securities | $3,955,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,252,354 |
| Accounts payable and accrued expenses | $166,106 |
| 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 | $0 |
| Total liabilities | $166,106 |
| Net assets without donor restrictions | $8,761,248 |
| Net assets with donor restrictions | $325,000 |
| 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 | $9,252,354 |