Evangelical Services For The Aging Foundation
- Assets
- $4.2m
- Revenue
- $180.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Warminster, PA
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 23-1971878
Organization Overview
Evangelical Services For The Aging Foundation is located in Warminster, PA. The organization was established in 1995. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Evangelical Services For The Aging Foundation 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 12/2023, Evangelical Services For The Aging Foundation generated $180.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $124.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Evangelical Services For The Aging Foundation has awarded 38 individual grants totaling $1,436,276. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDING FOR SEVERAL SPECIFIED NON-PROFIT ENTITIES RELATED TO WESLEY ENHANCED LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FUNDING FOR RELATED 509(A)(2) PUBLIC CHARITIES: WESLEY ENHANCED LIVING PENNYPACK PARK, WESLEY ENHANCED LIVING UPPER MORELAND, WESLEY ENHANCED LIVING DOYLESTOWN, WESLEY ENHANCED LIVING BURHOLME, WESLEY ENHANCED LIVING AT STAPELEY, WESLEY ENHANCED LIVING MAIN LINE, AND EVANGELICAL SERVICES FOR THE AGING. THE ORGANIZATION PROVIDES BENEVOLENT CARE AND RESIDENT SERVICES FOR THE AGING TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY OF THE SENIOR RESIDENTS, AND TO PLAN FOR, AND DEVELOP, NEW PROGRAMS AND SERVICES TO MEET THE SOCIAL, HEALTH AND PERSONAL NEEDS OF SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Evans Board Chair | OfficerTrustee | 1 | $0 |
Steven Lorber Treasurer | OfficerTrustee | 1 | $0 |
Bruce Hess ESQ Secretary | OfficerTrustee | 1 | $0 |
Jeff Petty President And CEO | OfficerTrustee | 1 | $0 |
John Odike Vice President, Hr | OfficerTrustee | 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 | $40,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,480 |
| Total Program Service Revenue | $0 |
| Investment income | $125,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,709 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $100 |
| Total functional expenses | $124,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,165,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,490 |
| Total assets | $4,225,598 |
| Accounts payable and accrued expenses | $5,190 |
| 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 | $144,724 |
| Total liabilities | $149,914 |
| Net assets without donor restrictions | $4,000,685 |
| Net assets with donor restrictions | $74,999 |
| 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 | $4,225,598 |
Grants Awarded
Over the last fiscal year, Evangelical Services For The Aging Foundation has awarded $116,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EVANGELICAL MANOR PURPOSE: BENEVOLENT CARE | $90,000 |
STAPELEY HALL PURPOSE: BENEVOLENT CARE | $10,000 |
MAPLE VILLAGE PURPOSE: BENEVOLENT CARE | $9,000 |
THE NEW HERITAGE TOWERS PURPOSE: BENEVOLENT CARE | $7,000 |