Slovak American Charitable Association
- Assets
- $13.7m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 355
- Location
- Zion, IL
- Founding
- 12/1960
- Data as of
- 10/2020
- EIN
- 36-2770969
Organization Overview
Slovak American Charitable Association, operating under the name See Schedule O, is located in Zion, IL. The organization was established in 1960. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 10/2020, See Schedule O employed 355 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 10/2020, See Schedule O generated $13.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $14.6m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SLOVAK AMERICAN CHARITABLE ASSOCIATION, GUIDED AND EMPOWERED BY ITS CHARTER, EXISTS TO PROVIDE CHARITABLE OUTREACH. WE SERVE THOSE IN NEED AS RE REPRESENT THE VALUES OF OUR HERITAGE BY LOVING AND CARING FOR EACH OTHER, AND THOSE INDIVIDUALS AND ORGANIZATION WHICH STRIVE FOR DIGNITY, RESPECT AND CARE WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING, REHABILITATION FACILITY OF 115 BEDS, AND INDEPENDENT/ASSISTED LIVING OF 59 APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Hill Executive Director/ceo | Officer | 40 | $144,067 |
Scott Myers Administrator | 40 | $125,422 | |
Marylaine Cunanan Registered Nurse | 40 | $102,110 | |
Bagh Ahmad Registered Nurse | 40 | $100,989 | |
Jennifer Sims Director Of Resident Services | 40 | $100,730 | |
James Stefo Jr President | OfficerTrustee | 1 | $30,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Therapy Services | 10/30/20 | $941,796 |
Rxperts Pharmacy Services | 10/30/20 | $208,605 |
Gale Healthcare Staff Agency Services | 10/30/20 | $117,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,132 |
| Investment income | $60,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$472 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,638,853 |
| Statement of Expenses | |
|---|---|
| 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. | $180,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,800,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $691,573 |
| Payroll taxes | $475,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,110 |
| Fees for services: Accounting | $85,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,188 |
| Office expenses | $923,223 |
| Information technology | $143,374 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $205,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $513,754 |
| Insurance | $589,136 |
| All other expenses | $0 |
| Total functional expenses | $14,594,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,321,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,163,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $408,291 |
| Prepaid expenses and deferred charges | $103,490 |
| Investments—publicly traded securities | $2,004,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,570 |
| Total assets | $13,712,719 |
| Accounts payable and accrued expenses | $1,376,766 |
| Grants payable | $0 |
| Deferred revenue | $255,044 |
| Tax-exempt bond liabilities | $4,755,614 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,250,000 |
| Unsecured mortgages and notes payable | $1,881,300 |
| Other liabilities | $170,800 |
| Total liabilities | $9,689,524 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,023,195 |
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