Louis F Payn Foundation For Aged People
- Assets
- $226.2k
- Revenue
- $438.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatham, NY
- Founding
- 07/1943
- Data as of
- 03/2023
- 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 03/2023, Louis F Payn Foundation For Aged People generated $438.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $415.0k during the year ending 03/2023. While expenses have increased by 4.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 | |
Joan Wemitt Vice Preside | 0.25 | $0 | |
Ken Siter Treasurer | 0.5 | $0 | |
Maureen Howe Asst. Treasu | 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 | $155,335 |
| Interest on Savings | $105 |
| Dividends & Interest | $0 |
| 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 | $282,592 |
| Total Revenue | $438,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $246,086 |
| Pension plans, employee benefits | $20,366 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $12,081 |
| Occupancy | $46,899 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,654 |
| Total operating and administrative expenses | $415,033 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $415,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,863 |
| 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 | $150,297 |
| Other assets | $0 |
| Total assets | $226,160 |
| 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 |