Bristol Aging & Wellness Inc
- Assets
- $26.5m
- Revenue
- $41.0m
- Investments
- $0.0
- Employees
- 198
- Location
- Fall River, MA
- Founding
- 12/1974
- Data as of
- 06/2023
- EIN
- 04-2545767
Organization Overview
Bristol Aging & Wellness Inc is located in Fall River, MA. The organization was established in 1974. 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 06/2023, Bristol Aging & Wellness Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Aging & Wellness 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 06/2023, Bristol Aging & Wellness Inc generated $41.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $38.5m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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.
Since 2015, Bristol Aging & Wellness Inc has awarded 77 individual grants totaling $5,381,376. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AGENCY PROVIDES COMPREHENSIVE SERVICES TO ELDERS IN THE TOWNS OF ATTLEBORO, BERKLEY, DIGHTON, FALL RIVER, FREETOWN, MANSFIELD, NORTH ATTLEBORO, NORTON, RAYNHAM, REHOBOTH, SEEKONK, SOMERSET, SWANSEA, TAUNTON, AND WESTPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE: PREVENT INSTITUTIONALIZATION SO THAT LOW-INCOME AND FRAIL ELDERLY CAN AVOID COSTLY NURSING HOME ENVIRONMENT AND RECEIVE SERVICES AT HOME.
SOCIAL SERVICES PROVIDED TO ELDERS.
ENHANCED COMMUNITY OPTIONS PROGRAM (ECOP): PROVIDES A RANGE OF COMMUNITY SERVICES TO ELDERS TO ENABLE THEM TO AVOID THE COSTLY NURSING FACILITY ENVIRONMENT AND TO REMAIN IN THE COMMUNITY.
SENIOR CARE OPTIONS PROVIDES A HEALTH PLAN FOR LOW-INCOME SENIORS WHO QUALIFY FOR BOTH MEDICARE AND MEDICAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Almond Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Bruce Thayer Director | Trustee | 0.25 | $0 |
Eileen Beaulieu Director | Trustee | 0.25 | $0 |
Kimberly Ciociola Director | Trustee | 0.25 | $0 |
Judith Aubin Director | Trustee | 0.25 | $0 |
Sandra Christoun Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,748,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,975,006 |
| Total Program Service Revenue | $12,749,495 |
| Investment income | $113,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $41,021,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $846,464 |
| Grants and other assistance to domestic individuals. | $22,420,204 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,624 |
| Compensation of current officers, directors, key employees. | $375,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,283,244 |
| Pension plan accruals and contributions | $301,254 |
| Other employee benefits | $799,299 |
| Payroll taxes | $814,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $53,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,895 |
| Office expenses | $396,789 |
| Information technology | $234,180 |
| Royalties | $0 |
| Occupancy | $578,060 |
| Travel | $360,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,441 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,645 |
| Insurance | $50,610 |
| All other expenses | $2,223 |
| Total functional expenses | $38,453,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,772,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,009,065 |
| 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 | $149,702 |
| Net Land, buildings, and equipment | $31,655 |
| Investments—publicly traded securities | $3,710,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $797,443 |
| Total assets | $26,470,695 |
| Accounts payable and accrued expenses | $3,795,785 |
| Grants payable | $0 |
| Deferred revenue | $844,943 |
| 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 | $797,293 |
| Total liabilities | $5,438,021 |
| Net assets without donor restrictions | $21,013,829 |
| Net assets with donor restrictions | $18,845 |
| 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 | $26,470,695 |
Grants Awarded
Over the last fiscal year, Bristol Aging & Wellness Inc has awarded $829,612 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY COUNSELING OF BRISTOL COUNTY INC PURPOSE: ELDER MENTAL HEALTH SERVICES | $274,898 |
SOUTH COASTAL COUNTIES LEGAL SERVICES PURPOSE: ELDER LEGAL ASSISTANCE | $68,854 |
SOUTHEAST CENTER FOR INDEPENDENT LIVING INC PURPOSE: LONG-TERM CARE OPTIONS | $119,468 |
COASTLINE ELDERLY SERVICES PURPOSE: LONG-TERM CARE OPTIONS | $119,468 |
OLD COLONY ELDERLY SERVICES PURPOSE: LONG-TERM CARE OPTIONS | $63,287 |
WESTPORT COUNCIL ON AGING PURPOSE: SUPPORTIVE SERVICES FOR ELDERS | $7,280 |