Forever Young Activity Center
- Assets
- $420.2k
- Revenue
- $45.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Quitman, TX
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-4597461
Organization Overview
Forever Young Activity Center is located in Quitman, TX. The organization was established in 2009. 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 12/2021, Forever Young Activity Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forever Young Activity Center 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 12/2021, Forever Young Activity Center generated $45.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE COMMUNITY AS A CHARITABLE AND EDUCATIONAL ORGANIZATION; MAINTAINING A PUBLIC FACILITY FOR SENIOR ADULTS TO MEET TO ENRICH OUR LIVES, TO HAVE FUN, TO ENJOY FELLOWSHIP,
Describe the Organization's Program Activity:
THE ACTIVITY CENTER IS OPEN EVERY WEDNESDAY AND FRIDAY FROM 9:00-4:00 FOR SENIORS TO ENJOY GAMES, CRAFTS, FELLOWSHIP, LUNCH, ETC. THE ACTIVITY CENTER SERVES APPROXIMATELY 35 SENIORS EACH OF THESE DAYS. THE SENIORS ARE ASKED TO PAY $1.00 TO HELP COVER THE EXPENSES OF THE FACILITY AND $5 IF THEY EAT LUNCH AT THE FACILITY. THE SENIORS HAVE THE OPPORTUNITY TO ENRICH THEIR LIVES, HAVE FUN, ENJOY FELLOWSHIP, LEARN NEW THINGS, AND MAKE NEW FRIENDS WITH SEVERAL VOLUNTEER OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daisy Bennett Treasurer | OfficerTrustee | 30 | $4,400 |
Elaine Douglas Secretary | OfficerTrustee | 16 | $0 |
John Johnson President | OfficerTrustee | 8 | $0 |
Jean Chancelor Vice President | OfficerTrustee | 8 | $0 |
Janice Barton Director | Trustee | 20 | $0 |
Jackie Taylor Director | Trustee | 8 | $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 | $35,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,437 |
| Total Program Service Revenue | $3,544 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,401 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,827 |
| Net Income from Gaming Activities | -$5,841 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,433 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $603 |
| Office expenses | $202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,502 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,132 |
| Insurance | $0 |
| All other expenses | $293 |
| Total functional expenses | $15,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,003 |
| Savings and temporary cash investments | $88,775 |
| 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 | $9,120 |
| Net Land, buildings, and equipment | $295,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $420,173 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $420,173 |
| Net assets with donor restrictions | $0 |
| 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 | $420,173 |
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