Planned Lifetime Assistance Network Of Connecticut Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Wethersfield, CT
- Founding
- 02/1991
- Data as of
- 06/2022
- EIN
- 06-1268987
Organization Overview
Planned Lifetime Assistance Network Of Connecticut Inc is located in Wethersfield, CT. The organization was established in 1991. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Planned Lifetime Assistance Network Of Connecticut Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planned Lifetime Assistance Network Of Connecticut 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, Planned Lifetime Assistance Network Of Connecticut Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE INDEPENDENCE AND ENHANCE THE QUALITY OF LIFE FOR THE ELDERLY, PEOPLE WITH DISABILITIES AND THEIR FAMILIES THROUGH THE MANAGEMENT OF SPECIAL NEEDS TRUSTS. TO PROVIDE SUPPLEMENTARY ASSISTANCE TO THE MOST NEEDY ELDERLY AND PEOPLE WITH DISABILITIES THROUGH THE ADMINISTRATION OF CHARITABLE TRUST FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAN OF CT IS THE ONLY ORGANIZATION IN CONNECTICUT THAT ADMINISTERS A SPECIAL NEEDS POOLED TRUST. THIS TRUST HAS ALLOWED HUNDREDS OF CONNECTICUT RESIDENTS WITH DISABILITIES, MOSTLY THOSE OVER THE AGE OF 65, TO LIVE IN THEIR OWN HOME WITH ASSISTANCE RATHER THAN IN A NURSING HOME. THIS NOT ONLY ALLOWS PEOPLE WITH DISABILITIES TO LIVE IN THE COMMUNITY, IT RELIEVES AN ENORMOUS STRAIN ON THE MEDICAID SYSTEM. PLAN HAS ALSO DISTRIBUTED THOUSANDS OF DOLLARS FROM ITS CHARITABLE ACCOUNTS TO HELP CONNECTICUT RESIDENTS WITH DISABILITIES LIVE MORE INDEPENDENT AND ENRICHED LIVES. THE DISTRIBUTIONS HAVE MADE HOMES MORE ACCESSIBLE, PROVIDED EDUCATION AND SAFE ENVIRONMENTS FOR THOSE WHO NEED IT MOST. PLAN OF CT CONTINUES TO PROVIDE COMMUNITY EDUCATION ABOUT THE IMPORTANCE OF SPECIAL NEEDS TRUSTS IN THE DISABILITY COMMUNITY. WORKSHOPS, ONE-ONE MEETINGS AND SUPPORT GROUP PRESENTATIONS HAVE HELPED EDUCATE FAMILIES AND PROFESSIONALS ON HOW TO ENSURE ALL PEOPLE WITH DISABILITIES ARE PROVIDED WITH A FULL AND DIGNIFIED LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Tedford-Coles Executive Di | Officer | 40 | $175,754 |
Tina Daddona Dir Of Finan | Officer | 40 | $106,528 |
Diane Covello Director | Trustee | 1 | $0 |
Bernie Pelletier Director | Trustee | 1 | $0 |
Donna Duffy Director | Trustee | 1 | $0 |
James Funnell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,544 |
| Total Program Service Revenue | $1,167,724 |
| Investment income | $39,328 |
| 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 | $1,227,596 |
| 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. | $180,767 |
| Compensation of current officers, directors, key employees. | $27,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,750 |
| Pension plan accruals and contributions | $13,040 |
| Other employee benefits | $31,878 |
| Payroll taxes | $62,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,146 |
| Fees for services: Accounting | $28,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,595 |
| Advertising and promotion | $7,001 |
| Office expenses | $62,995 |
| Information technology | $36,904 |
| Royalties | $0 |
| Occupancy | $69,231 |
| Travel | $11,912 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $15,196 |
| Insurance | $15,784 |
| All other expenses | $0 |
| Total functional expenses | $1,126,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,677 |
| Savings and temporary cash investments | $306,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,792 |
| 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 | $9,591 |
| Net Land, buildings, and equipment | $76,037 |
| Investments—publicly traded securities | $1,114,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,250 |
| Total assets | $2,048,887 |
| Accounts payable and accrued expenses | $50,939 |
| 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 | $28,365 |
| Total liabilities | $79,304 |
| Net assets without donor restrictions | $1,969,583 |
| Net assets with donor restrictions | $0 |
| 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 | $2,048,887 |