Louis F Payn Foundation For Aged People
- Assets
- $203.2k
- Revenue
- $289.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatham, NY
- Founding
- 07/1943
- Data as of
- 03/2022
- EIN
- 14-1364559
Organization Overview
Louis F Payn Foundation For Aged People is located in Chatham, NY. The organization was established in 1943. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis F Payn Foundation For Aged People 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 03/2022, Louis F Payn Foundation For Aged People generated $289.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $375.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A GRACIOUS HAVEN FOR OLDER MEMBERS OF COLUMBIA COUNTY, NEW YORK. SINCE ITS INCEPTION, THE FOUNDATION HAS OPERATED A 24-ROOM RETIREMENT RESIDENCE IN CHATHAM, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Campbell President | 0.5 | $0 | |
Kenneth Siter Treasurer | 0.5 | $0 | |
Joan Wemitt Vice Preside | 0.25 | $0 | |
Maureen Howe Asst Treasur | 0.25 | $0 | |
Betsy Braley Board Member | 0.25 | $0 | |
Jane Merwin Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,085 |
| Interest on Savings | $0 |
| Dividends & Interest | $140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $189,712 |
| Total Revenue | $289,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $229,444 |
| Pension plans, employee benefits | $17,188 |
| Interest | $0 |
| Taxes | $104 |
| Depreciation | $21,874 |
| Occupancy | $29,408 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,659 |
| Total operating and administrative expenses | $375,740 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $375,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,584 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $156,577 |
| Other assets | $0 |
| Total assets | $203,161 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carmelite System Inc Germantown, NY | $17,222,585 | $9,589,225 |
The American Geriatrics Society Inc New York, NY | $10,794,639 | $6,464,305 |
Our Lady Of Victory Renaissance Corporation Buffalo, NY | $12,786,574 | $5,671,961 |
Ryerss Farm For Aged Equines Pottstown, PA | $12,053,554 | $2,161,361 |
Association For The Relief Of Aged Women Of New Bedford New Bedford, MA | $21,657,616 | $2,022,067 |
Leadingage Connecticut Inc Wallingford, CT | $1,294,076 | $1,003,019 |
Johanette Wallerstein Institute Inc Philadelphia, PA | $11,285,086 | $1,240,587 |
Association On Aging In New York Albany, NY | $292,722 | $689,758 |
New York Memory Center Inc Brooklyn, NY | $242,536 | $602,792 |
Avila Institute Of Gerontology Inc Germantown, NY | $429,382 | $540,136 |
Jgs Lifecare Corporation Longmeadow, MA | $6,233,942 | -$57,278 |
Louis F Payn Foundation For Aged People Chatham, NY | $203,161 | $289,937 |