Foundation For Long Term Care Inc
- Assets
- $228.8k
- Revenue
- $660.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 04/1978
- Data as of
- 12/2022
- EIN
- 14-1601723
Organization Overview
Foundation For Long Term Care Inc is located in Latham, NY. The organization was established in 1978. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Long Term Care 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 12/2022, Foundation For Long Term Care Inc generated $660.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $683.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Long Term Care Inc has awarded 128 individual grants totaling $2,472,175. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE, BY ORGANIZING, CONDUCTING, SPONSORING AND PROMOTING RESEARCH AND EDUCATIONAL PROGRAMMING, THE WAY CARE FOR AN AGING SOCIETY IS DELIVERED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE ADULT CARE FACILITIES (ACF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE OFFICE OF HEALTH EMERGENCY PREPAREDNESS (OHEP). LEADINGAGE NEW YORK ATTENDS OHEP ADVISORY COMMITTEE MEETINGS AND LTC ASSOCIATION/HEPC MEETINGS. FACILITATES THE COMMUNICATION OF INFORMATION RELATED TO EMERGENCY PREPAREDNESS INCLUDING, BUT NOT LIMITED TO, INFORMATION ON CMEP, MCM AND IOC DRILLS.
FLTC EDUCATION: HOSTED FIVE CONFERENCES WITH 924 ATTENDEES, EIGHT IN-PERSON SEMINARS WITH 136 ATTENDEES, AND TEN WEBINARS WITH 1,155 ATTENDEES.
RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE LTCA (RHCF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE OFFICE OF HEALTH EMERGENCY PREPAREDNESS (OHEP). LEADINGAGE NEW YORK ATTENDS OHEP ADVISORY COMMITTEE MEETINGS AND LTC ASSOCIATION/HEPC MEETINGS. FACILITATES THE COMMUNICATION OF INFORMATION RELATED TO EMERGENCY PREPAREDNESS INCLUDING, BUT NOT LIMITED TO, INFORMATION ON CMEP, MCM AND IOC DRILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Zobel Immediate Past Chair | Trustee | 0.5 | $0 |
Stuart Almer Chair | OfficerTrustee | 0.5 | $0 |
Pat Tursi Chair-Elect | OfficerTrustee | 0.5 | $0 |
Larry Slatky Secretary | OfficerTrustee | 0.5 | $0 |
Robert Mayer Director | Trustee | 0.5 | $0 |
Kimberly Townsend Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,106 |
| Total Program Service Revenue | $619,334 |
| Investment income | $0 |
| 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 | $660,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,133 |
| 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. | $300,018 |
| Compensation of current officers, directors, key employees. | $74,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,263 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,937 |
| Fees for services: Accounting | $4,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,749 |
| Advertising and promotion | $0 |
| Office expenses | $2,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,006 |
| Travel | $4,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $844 |
| All other expenses | $0 |
| Total functional expenses | $683,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,621 |
| Accounts receivable, net | $0 |
| 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 | $5,525 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $228,827 |
| Accounts payable and accrued expenses | $30,435 |
| Grants payable | $0 |
| Deferred revenue | $28,972 |
| 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 | $27,519 |
| Total liabilities | $86,926 |
| Net assets without donor restrictions | $102,170 |
| Net assets with donor restrictions | $39,731 |
| 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 | $228,827 |
Grants Awarded
Over the last fiscal year, Foundation For Long Term Care Inc has awarded $1,157,600 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE HOUSING DEVELOPMENT FUND CORPORATION PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $9,000 |
BAPTIST HEALTH NURSING AND REHABILITATION CENTER INC PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $25,600 |
BETHEL SPRINGVALE NURSING HOME INC DBA BETHEL NURSING AND REHABILITATION PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $25,600 |
CHAPIN HOME FOR THE AGING PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $25,600 |
BROOKLYN UNITED METHODIST CHURCH HOME PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $25,600 |
EGER HARBOR HOUSE PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $9,000 |