Sourcepoint
- Assets
- $16.3m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 136
- Location
- Delaware, OH
- Founding
- 09/1992
- Data as of
- 12/2023
- EIN
- 31-1354284
Organization Overview
Sourcepoint is located in Delaware, OH. The organization was established in 1992. 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 12/2023, Sourcepoint employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sourcepoint 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 12/2023, Sourcepoint generated $13.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $13.3m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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 2015, Sourcepoint has awarded 142 individual grants totaling $5,775,857. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SOURCEPOINT IS TO HELP OUR COMMUNITY SET A COURSE TO LIVE WELL AFTER 55.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOURCEPOINT'S "IN-HOME CARE PROGRAM" PROVIDES SERVICES DESIGNED TO HELP OLDER ADULTS LIVE SAFELY IN THEIR OWN HOMES WITH INDEPENDENCE AND DIGNITY. WE PROVIDE DIRECT ACCESS TO IN-HOME SERVICES, AS WELL AS REFERRALS TO COMMUNITY RESOURCES. IN-HOME SERVICES INCLUDE ADULT DAYCARE, CHORE SERVICES, EMERGENCY RESPONSE SYSTEMS, HOMEMAKER SERVICES, MEDICAL TRANSPORTATION, MENTAL HEALTH COUNSELING, NURSING SERVICES, PERSONAL CARE, AND RESPITE CARE.
COMMUNICATIONS AND OUTREACH
SOURCEPOINT'S "COMMUNITY PROGRAMS" PROVIDE HUNDREDS OF ENGAGEMENT OPPORTUNITIES BOTH ON-SITE AT OUR ENRICHMENT CENTER, OFF-SITE THROUGHOUT THE COUNTY, AND ONLINE. PROGRAMS INCLUDE FITNESS, WELLNESS, ARTS, LEARNING, INSURANCE EDUCATION, FALLS PREVENTION, FAMILY CAREGIVER SUPPORT, AND MORE. IN ADDITION TO THE PROGRAMS WE DIRECTLY PROVIDE, SOURCEPOINT AWARDS COMMUNITY GRANTS EACH YEAR TO LOCAL ORGANIZATIONS THAT PROVIDE OTHER SERVICES TO OLDER ADULTS.
SOURCEPOINT'S "NUTRITION PROGRAM" PROVIDES OLDER ADULTS REGULAR ACCESS TO HEALTHY FOODS THROUGH MEALS ON WHEELS, COMMUNITY CAFES, AND FARMERS MARKET VOUCHERS FOR FRESH FOODS FROM PARTICIPATING MARKETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fara Waugh Chief Executive Officer | Officer | 40 | $157,812 |
Tim Patton Chief Financial Officer | Officer | 40 | $96,193 |
Kimberly Clewell Advisor | Officer | 40 | $63,562 |
Carlos Crawford Director | Trustee | 1 | $0 |
Jack Fette Director | Trustee | 1 | $0 |
Alice Frazier Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Duraline Incontinence Product | 12/30/23 | $241,811 |
Assisting Hands Central Ohio Llc Homemaker Services | 12/30/23 | $257,403 |
Data Transportation Transportation | 12/30/23 | $394,380 |
Interim Homemaker Healthcare | 12/30/23 | $386,573 |
Caregiver Usa Home Care Services | 12/30/23 | $422,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,565 |
| Related organizations | $0 |
| Government grants | $11,107,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $621,259 |
| Noncash contributions included in lines 1a–1f | $16,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,761,790 |
| Total Program Service Revenue | $1,231,342 |
| Investment income | $378,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,393 |
| Net Income from Fundraising Events | -$21,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,369,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $807,480 |
| 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. | $367,275 |
| Compensation of current officers, directors, key employees. | $367,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,369,552 |
| Pension plan accruals and contributions | $258,542 |
| Other employee benefits | $833,015 |
| Payroll taxes | $366,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,733 |
| Fees for services: Other | $3,462,681 |
| Advertising and promotion | $47,313 |
| Office expenses | $180,811 |
| Information technology | $103,034 |
| Royalties | $0 |
| Occupancy | $820,045 |
| Travel | $55,203 |
| 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 | $258,324 |
| Insurance | $69,039 |
| All other expenses | $39,195 |
| Total functional expenses | $13,305,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,833,304 |
| Savings and temporary cash investments | $1,532,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $774,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,740 |
| Prepaid expenses and deferred charges | $164,314 |
| Net Land, buildings, and equipment | $1,440,363 |
| Investments—publicly traded securities | $7,850,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $585,455 |
| Total assets | $16,293,567 |
| Accounts payable and accrued expenses | $1,007,061 |
| Grants payable | $44,260 |
| Deferred revenue | $49,386 |
| 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 | $1,100,707 |
| Net assets without donor restrictions | $14,439,897 |
| Net assets with donor restrictions | $752,963 |
| 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 | $16,293,567 |
Grants Awarded
Over the last fiscal year, Sourcepoint has awarded $807,480 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
VOICECORPS READING SERVICES PURPOSE: Program Assistance | $6,715 |
CATHOLIC SOCIAL SERVICES PURPOSE: Program Assistance | $24,000 |
CENTRAL OHIO AREA ON AGENCY PURPOSE: Program Assistance | $10,000 |
COMMON GROUND FREE STORE PURPOSE: Program Assistance | $14,300 |
DELAWARE AREA TRANSIT AGENCY PURPOSE: Program Assistance | $373,278 |
CANCER SUPPORT COMMUNITY PURPOSE: Program Assistance | $6,800 |