Cincinnati Foundation For The Aged
- Assets
- $0.0
- Revenue
- $23.7m
- Investments
- $32.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1941
- Data as of
- 03/2021
- EIN
- 31-0536971
Organization Overview
Cincinnati Foundation For The Aged is located in Cincinnati, OH. The organization was established in 1941. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Foundation For The Aged 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 03/2021, Cincinnati Foundation For The Aged generated $23.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $2.0m during the year ending 03/2021. While expenses have increased by 6.2% per year over the past 6 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.
Since 2016, Cincinnati Foundation For The Aged has awarded 101 individual grants totaling $8,960,874. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO GIVE FINANCIAL ASSISTANCE TO INDIGENT AND ELDERLY INDIVIDUALS, ENABLING THEM TO GAIN ACCEPTANCE AND TO MAINTAIN THEMSELVES IN QUALIFIED CARE FACILITIES
GRANTS ARE ALSO MADE TO CHARITABLE ORGANIZATIONS WHOSE PURPOSE IT IS TO EXTEND AID TO THE AGED AND ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Jansen Secretary/treasurer | 8 | $26,300 | |
Thomas L Finn Trustee | 0.5 | $0 | |
Robert Porter III President | 0.5 | $0 | |
Vince Hopkins Trustee | 0.5 | $0 | |
Jon Blohm Trustee | 0.5 | $0 | |
Shannon Crutchfield Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $607,683 |
| Interest on Savings | $40 |
| Dividends & Interest | $1,286,451 |
| Profit on Inventory Sales | $0 |
| Other Income | $754 |
| Total Revenue | $23,670,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $11,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $386,694 |
| Contributions, gifts, grants paid | $1,590,160 |
| Total expenses and disbursements | $1,976,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,021,884 |
| Other assets | $21 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $304,382 |
Grants Awarded
Over the last fiscal year, Cincinnati Foundation For The Aged has awarded $1,465,606 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
OTTERBEIN PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $410,463 |
CEDAR VILLAGE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $340,933 |
ST CHARLES CARE CENTER VILLAGE AND LODGE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $154,814 |
Villa Hills, KY PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $142,067 |
BAYLEY PLACE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $83,426 |
BAPTIST LIFE COMMUNITIES PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $80,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cincinnati Foundation For The Aged has recieved totaling $18,204.
| Awarding Organization | Amount |
|---|---|
Tr Uw Otto Luedeking Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $18,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Foundation For The Aged Cincinnati, OH | $0 | $23,670,969 |
Ryerss Farm For Aged Equines Pottstown, PA | $12,053,554 | $2,161,361 |
Johanette Wallerstein Institute Inc Philadelphia, PA | $11,285,086 | $1,240,587 |
The Ohio Association Of Area Agencies On Aging Inc Columbus, OH | $364,742 | $745,558 |
Mercy Hilltop Center Inc Erie, PA | $419,102 | $248,378 |
Ohio Association Of Gerontology And Education Blue Ash, OH | $72,707 | $0 |
The Elder Foundation Somerset, PA | $627,792 | $30,945 |
Mary Mansfield Fund For The Aged Cincinnati, OH | $340,183 | $36,398 |
Mary Keane Foundation For Geriatrics Excellence Inc Hemlock, MI | $28,042 | $7,910 |