Iredell Council On Aging Inc
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Statesville, NC
- Founding
- 10/1974
- Data as of
- 06/2023
- EIN
- 23-7322660
Organization Overview
Iredell Council On Aging Inc is located in Statesville, NC. The organization was established in 1974. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Iredell Council On Aging Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iredell Council On Aging 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 06/2023, Iredell Council On Aging Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 5.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR THE AGED (NUTRITION, OUTREACH AND OPERATION OF A CONTER FOR ACTIVITIES) SCHEDULE OF PERSONS SERVED ATTACHED.
SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM PROVIDED UNDER CONTRACT
OTHER PROGRAMS FOR SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Barraclough Executive Di | Officer | 40 | $60,802 |
Martha Addison Director | OfficerTrustee | 1 | $0 |
Pauline Biggs Director | OfficerTrustee | 1 | $0 |
Ben Garrison Chairman | OfficerTrustee | 2 | $0 |
Gale Hall Vice Chairma | OfficerTrustee | 1 | $0 |
Barbara Hoke Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $43,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,908 |
| Total Program Service Revenue | $1,449,896 |
| Investment income | $380 |
| 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 | $1,618,184 |
| 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. | $60,802 |
| Compensation of current officers, directors, key employees. | $2,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,669 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,688 |
| Advertising and promotion | $1,522 |
| Office expenses | $7,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,088 |
| Travel | $96,053 |
| 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 | $26,058 |
| Insurance | $23,250 |
| All other expenses | $98,383 |
| Total functional expenses | $1,918,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,170 |
| Savings and temporary cash investments | $445,771 |
| Pledges and grants receivable | $230,853 |
| Accounts receivable, net | $43,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,869 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $333,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,113,333 |
| Accounts payable and accrued expenses | $11,329 |
| 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 | $80,404 |
| Total liabilities | $91,733 |
| Net assets without donor restrictions | $977,850 |
| Net assets with donor restrictions | $43,750 |
| 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 | $1,113,333 |