Gifts For Seniors
- Assets
- $192.5k
- Revenue
- $463.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Roseville, MN
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 26-2890591
Organization Overview
Gifts For Seniors is located in Roseville, MN. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Gifts For Seniors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifts For Seniors 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 06/2022, Gifts For Seniors generated $463.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $457.8k during the year ending 06/2022. While expenses have increased by 27.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIFTS FOR SENIORS PROVIDES INCLUSIVE PROGRAMS TO ALLEVIATE THE DEVASTATING HEALTH IMPACTS OF SOCIAL ISOLATION FOR OVER 7,000 OLDER ADULTS ANNUALLY. RECIPIENTS REPRESENT 16 CULTURAL AND ETHNIC COMMUNITIES. 100% ARE LOW-INCOME OR ON A FIXED BUDGET DUE TO AGE OR DISABILITY AND 96% IDENTIFY AS HAVING LIMITED SOCIAL OPPORTUNITIES. OUR PROGRAMS INCLUDE BASIC NEEDS (CLOTHING, LINENS, APPLIANCES, MEDICAL/HOUSEHOLD/PERSONAL HYGIENE SUPPLIES, MIND-SHARPENING ACTIVITIES, WINTER GEAR, ETC.), FOOD STABILITY, CARDS & ART, TECH DEVICES, SOCIAL VISITS, REFERRALS FOR COMMUNITY SUPPORTS, AND DIGITAL LITERACY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS FOR SENIORS PROVIDED 14,238 NEW GIFT RESOURCES VALUED AT $377,703 TO OVER 6,860 SOCIALLY ISOLATED SENIORS THIS YEAR. OUR YEAR-ROUND PROGRAMS INCLUDE MONTHLY SOCIAL INTENTIONAL VISITS AND HANDWRITTEN CARDS WITH EACH BASIC NEEDS GIFT PROVIDED. THE GIFTED COMMUNITY RESOURCES ARE DONATED BY OVER 200 CORPORATE PARTNERS AND THOUSANDS OF INDIVIDUAL DONORS PASSIONATE ABOUT ALLEVIATING LONELINESS AND PRESERVING COMMUNITY CONNECTIONS FOR AGING WELL. GIFTS FOR SENIORS MEETS ITS SOCIAL MISSION BY PARTNERING WITH OVER 125 AGING SERVICES PROVIDERS TO BRING JOY TO OUR ELDER NEIGHBORS IN THE COMMUNITY. OUR SUCCESS IS NOT POSSIBLE WITHOUT THE ENGAGEMENT AND SUPPORT OF OUR AMAZING FLEET OF DEDICATED VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Deters Executive Direc | Officer | 30 | $42,000 |
Stan Ross Board Chair | Officer | 2 | $0 |
Anne Pahl Secretary | Officer | 10 | $0 |
Gretchen Olmsheid Vice Chair | Officer | 2 | $0 |
Liz Sands Treasurer | Officer | 2 | $0 |
Andrea Bloom At Large | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,702 |
| Noncash contributions included in lines 1a–1f | $367,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,702 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $377,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $4,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $1,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322 |
| Advertising and promotion | $427 |
| Office expenses | $461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,831 |
| 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 | $2,577 |
| All other expenses | $449 |
| Total functional expenses | $457,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,169 |
| 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 | $137,359 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $192,528 |
| Accounts payable and accrued expenses | $0 |
| 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 | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $25,000 |
| Net assets without donor restrictions | $30,169 |
| Net assets with donor restrictions | $137,359 |
| 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 | $192,528 |