Cooperative Elder Services Inc
- Assets
- $2.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Concord, MA
- Founding
- 10/1979
- Data as of
- 06/2022
- EIN
- 04-2680168
Organization Overview
Cooperative Elder Services Inc is located in Concord, MA. The organization was established in 1979. 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 06/2022, Cooperative Elder Services Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Elder 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 06/2022, Cooperative Elder Services Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DAYCARE SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE SERVICES FOR APPROXIMATELY 400 FRAIL, ELDERLY AND ADULTS WITH DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Marino President | OfficerTrustee | 1 | $0 |
Erik Langhoff Vice President | OfficerTrustee | 1 | $0 |
Tony Dellovo Tresurer | OfficerTrustee | 1 | $0 |
Jane Erekson Director | Trustee | 1 | $0 |
Kitty O'connor Director | Trustee | 1 | $0 |
Catherine Usoff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,498 |
| Total Program Service Revenue | $1,600,746 |
| Investment income | $76,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $626,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,755,572 |
| 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. | $126,262 |
| Compensation of current officers, directors, key employees. | $3,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,660 |
| Pension plan accruals and contributions | $31,240 |
| Other employee benefits | $17,691 |
| Payroll taxes | $253,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,599 |
| Fees for services: Accounting | $22,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,960 |
| Fees for services: Other | $12,852 |
| Advertising and promotion | $5,069 |
| Office expenses | $997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,128 |
| Travel | $349,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,950 |
| Insurance | $27,275 |
| All other expenses | $13,457 |
| Total functional expenses | $2,561,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,191,923 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $370,793 |
| 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 | $21,724 |
| Net Land, buildings, and equipment | $59,911 |
| Investments—publicly traded securities | $1,041,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,051 |
| Total assets | $2,721,360 |
| Accounts payable and accrued expenses | $164,004 |
| 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 | $353,757 |
| Other liabilities | $0 |
| Total liabilities | $517,761 |
| Net assets without donor restrictions | $2,168,599 |
| Net assets with donor restrictions | $35,000 |
| 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 | $2,721,360 |