Ageoptions Inc
- Assets
- $10.6m
- Revenue
- $35.1m
- Investments
- $0.0
- Employees
- 112
- Location
- Oak Park, IL
- Founding
- 11/1974
- Data as of
- 09/2023
- EIN
- 36-2806193
Organization Overview
Ageoptions Inc is located in Oak Park, IL. The organization was established in 1974. 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 09/2023, Ageoptions Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ageoptions Inc 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 09/2023, Ageoptions Inc generated $35.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $35.3m during the year ending 09/2023. While expenses have increased by 11.4% per year over the past 8 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, Ageoptions Inc has awarded 1,144 individual grants totaling $167,702,349. 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
PROVIDES COMPREHENSIVE SERVICES, LEADERSHIP AND ADVOCACY TO OLDER ADULTS AND THEIR CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE/GRF - GENERAL REVENUE FUNDS FOR THE PURPOSE OF ABUSE INTERVENTION, TRANSPORTATION, OUT-REACH AND HOME DELIVERED MEALS
ALL OTHER PROGRAMS
AGEOPTIONS IS COMMITTED TO IMPROVING THE QUALITY OF LIFE AND MAINTAINING THE DIGNITY OF OLDER PEOPLE AND THOSE WHO CARE ABOUT THEM. AGEOPTIONS IS A NOT-FOR-PROFIT CORPORATION DESIGNATED BY THE ILLINOIS DEPARTMENT ON AGING AS THE AREA AGENCY ON AGING FOR SUBURBAN COOK COUNTY. AS A CATALYST FOR CONNECTING OLDER PERSONS AND CAREGIVERS TO RESOURCES AND SERVICE OPTIONS, WE ARE NATIONALLY RECOGNIZED FOR OUR INNOVATIVE PROGRAMMING, NETWORKING WITH COMMUNITY BASED SENIOR SERVICE AGENCIES, AND ADVOCACY EFFORTS ON BEHALF OF OLDER PERSONS. OVER THE PAST 50 YEARS, AGEOPTIONS HAS ESTABLISHED A REPUTATION FOR MEETING THE NEEDS, WANTS AND EXPECTATIONS OF THE OLDER ADULT POPULATION IN SUBURBAN COOK COUNTY. OUR PURPOSE IS TO CONNECT ADULTS, AGED 60 AND OVER, WITH RESOURCES AND OPTIONS FOR CARE SO THAT THEY CAN HAVE A FULL RANGE OF CHOICES AND LIVE THEIR LIVES TO THE FULLEST. OUR ROLE IS TO PLAN, FUND, COORDINATE, AND ADVOCATE FOR OLDER ADULTS AND THOSE WHO CARE FOR THEM. WE PRIDE OURSELVES IN ADVOCATING FOR SENIORS IN THE AREAS SUCH AS ELDER JUSTICE, CAREGIVING, NUTRITION, MEDICARE, EMPLOYMENT, AND ACCESS TO BENEFITS. OUR PRIMARY SERVICE AREA, SUBURBAN COOK COUNTY, INCLUDES 130 COMMUNITIES WITHIN 30 TOWNSHIPS SURROUNDING CHICAGO - HOME TO ALMOST 2.5 MILLION RESIDENTS AND 602,017 OLDER ADULTS. THE OLDER AMERICANS ACT TITLE III SOCIAL, NUTRITION, CAREGIVER, AND HEALTH PROMOTION/DISEASE PREVENTION SERVICES ARE CORE SERVICES PROVIDED IN ALL 30 TOWNSHIPS OF SUBURBAN COOK COUNTY. IN FY 2023, 230,976 OLDER ADULTS AND CAREGIVERS WERE SERVED THROUGH THE WIDE RANGE OF TITLE III AND OTHER RELATED PROGRAMS INCLUDING HOME DELIVERED AND CONGREGATE DINING, NURSING HOME OMBUDSMAN, LEGAL SERVICE, AND THE OTHER SUPPORTIVE SERVICES.
HOME OPTIONS PATH TO EMPOWERMENT (H.O.P.E.) BY AGEOPTIONS IS FUNDED BY THE DEPARTMENT OF HUMAN SERVICES UNDER THE COLBERT CONSENT DECREES TO HELP NURSING FACILITY RESIDENTS OVER THE AGE OF 18 WHO ARE ON MEDICAID MOVE INTO THE COMMUNITY AND LIVE AS INDEPENDENTLY AS POSSIBLE. OUR COORDINATED, COMPREHENSIVE PROCESS PROVIDES A SEAMLESS, PERSON-CENTERED EXPERIENCE THAT SAFEGUARDS AGAINST DELAYS AND SERVICE GAPS, AND HELPS INDIVIDUALS THRIVE IN THEIR COMMUNITY-BASED SETTING. IN FY 23, WE TRANSITIONED 60 CLIENTS AND SUPPORTED THEM IN THE COMMUNITY. WE OUTREACHED TO 1,479 CLIENTS, 263 CLIENTS RECEIVED AN ASSESSMENT, 260 CLIENTS RECEIVED A CARE PLAN, AND HOPE SUPPORTED 91 CLIENTS WHO WERE LIVING IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Canonaco Rose Chairperson | OfficerTrustee | 4 | $0 |
Campbell Lisa Director | Trustee | 2 | $0 |
Coonda Mary E Director | Trustee | 2 | $0 |
Evans Richard Director | Trustee | 2 | $0 |
Gordon Murray Director | Trustee | 2 | $0 |
Houston Felicia Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amy Brennan Caregiver Coalition Support | 9/29/23 | $102,960 |
Common Sense Solutions It Services | 9/29/23 | $102,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,731,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,167,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,899,396 |
| Total Program Service Revenue | $0 |
| Investment income | $123,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,149,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,324,989 |
| 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. | $821,706 |
| Compensation of current officers, directors, key employees. | $587,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,417,842 |
| Pension plan accruals and contributions | $238,887 |
| Other employee benefits | $409,211 |
| Payroll taxes | $365,445 |
| 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 | $6,329 |
| Fees for services: Other | $905,572 |
| Advertising and promotion | $528,696 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $277,129 |
| Travel | $58,828 |
| 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 | $110,458 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $35,264,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $3,677,375 |
| Pledges and grants receivable | $4,558,757 |
| 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 | $95,702 |
| Net Land, buildings, and equipment | $475,256 |
| Investments—publicly traded securities | $656,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,142,511 |
| Total assets | $10,606,085 |
| Accounts payable and accrued expenses | $5,790,970 |
| Grants payable | $0 |
| Deferred revenue | $747,113 |
| 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 | $1,448,275 |
| Total liabilities | $7,986,358 |
| Net assets without donor restrictions | $2,377,682 |
| Net assets with donor restrictions | $242,045 |
| 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 | $10,606,085 |
Grants Awarded
Over the last fiscal year, Ageoptions Inc has awarded $25,581,758 in support to 130 organizations.
| Grant Recipient | Amount |
|---|---|
AAA FOR LINCOLNLAND PURPOSE: SENIOR MEDICARE FRAUD PATROL | $20,000 |
ACORN PUBLIC LIBRARY DISTRICT PURPOSE: SOCIAL AND NUTRITION SERVICES FOR THE ELDERLY. | $7,500 |
ADDUS HEALTHCARE PURPOSE: RESPITE ASSISTANCE FOR CAREGIVERS | $38,027 |
AA OF RETIRED ASIANS PURPOSE: SOCIAL AND NUTRITION SERVICES FOR THE ELDERLY. | $224,005 |
ADDUS HOMECARE - CHICAGO PURPOSE: RESPITE ASSISTANCE FOR CAREGIVERS | $8,660 |
ADDUS HOMECARE - CHICAGO PURPOSE: RESPITE ASSISTANCE FOR CAREGIVERS | $193,239 |