Cincinnati Foundation For The Aged
- Assets
- $34.0m
- Revenue
- $2.0m
- Investments
- $33.5m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1941
- Data as of
- 03/2024
- 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 03/2024, Cincinnati Foundation For The Aged generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.0m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cincinnati Foundation For The Aged has awarded 131 individual grants totaling $12,676,594. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Thomas L Finn Trustee | 0.5 | $0 | |
Heather Jansen Secretary/treasurer | 8 | $27,590 | |
Robert Porter III President | 0.5 | $0 | |
Sister Jean Hoffman Trustee | 0.5 | $0 | |
Shannon Crutchfield Trustee | 0.5 | $0 | |
Jon Blohm Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $333,543 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,178,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $447,513 |
| Capital Gain Net Income | $447,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $1,959,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,590 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,371 |
| Depreciation | $0 |
| Occupancy | $10,450 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,738 |
| Total operating and administrative expenses | $203,529 |
| Contributions, gifts, grants paid | $1,807,443 |
| Total expenses and disbursements | $2,010,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $497,098 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,265,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21 |
| Total assets | $33,957,043 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,827 |
| Total liabilities | $4,827 |
Grants Awarded
Over the last fiscal year, Cincinnati Foundation For The Aged has awarded $1,807,443 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST LIFE COMMUNITIES PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $227,525 |
BAYLEY PLACE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $36,000 |
CEDAR VILLAGE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $347,400 |
COTTINGHAM RETIREMENT CENTER PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $30,000 |
COVINGTON LADIES HOME PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $150,818 |
EPIC HOUSE PURPOSE: TO PAY FOR THE COST OF NURSING HOME CARE | $77,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Foundation For The Aged Cincinnati, OH | $33,957,043 | $1,959,845 |
Ryerss Farm For Aged Equines Pottstown, PA | $11,220,416 | $1,091,812 |
The Ohio Association Of Area Agencies On Aging Inc Columbus, OH | $531,063 | $986,521 |
Johanette Wallerstein Institute Inc Philadelphia, PA | $11,543,516 | $1,120,100 |
Mercy Hilltop Center Inc Erie, PA | $762,138 | $472,242 |
Ohio Association Of Gerontology And Education Blue Ash, OH | $62,958 | $0 |
The Elder Foundation Somerset, PA | $501,973 | $24,851 |
Mary Mansfield Fund For The Aged Cincinnati, OH | $313,672 | $20,160 |
Mary Keane Foundation For Geriatrics Excellence Inc Hemlock, MI | $33,553 | $5,927 |
Dap Service And Resource Center Lansing, MI | $11 | $0 |