Levy Senior Center Foundation Inc
- Assets
- $1.1m
- Revenue
- $126.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 36-3498610
Organization Overview
Levy Senior Center Foundation Inc is located in Evanston, IL. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Levy Senior Center Foundation 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 12/2022, Levy Senior Center Foundation Inc generated $126.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $193.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES TO IMPROVE THE QUALITY OF LIFE FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, FOLLOWING THE WORST OF THE PANDEMIC, THE LEVY CENTER STARTED OFFERING EXERCISE CLASSES TO SENIORS IN THE BUILDING OR THEY COULD TAKE THE SAME CLASS ON ZOOM. THE CAPABILITY TO OFFER THESE HYBRID CLASSES IS A RESULT OF THE INSTALLATION OF STATE OF THE ART AUDIO AND VIDEO EQUIPMENT IN BOBBY'S ROOM RENOVATION OF THE PRIOR YEAR. THE CITY OF EVANSTON AND THE LEVY SENIOR CENTER FOUNDATION FUNDED THE RENOVATION. AS OF THIS WRITING, THE CITY OF EVANSTON HAS NOT BILLED THE FOUNDATION FOR OUR SHARE OF THE BOBBY'S ROOM RENOVATION.
DURING 2022, THE FOUNDATION INSTALLED 4 ADDITIONAL VEGETABLE GARDENS ON THE PROPERTY TO PROVIDE FREE VEGETABLES DURING THE GROWING SEASON, THIS BRINGS THE TOTAL TO 8. THE NEW GARDENS ARE ENCLOSED BUT NOT ELEVATED AS THE ONES WERE FROM THE PRIOR YEAR. THE FOUNDATION ALSO INSTALLED AN AUTOMATIC WATERING SYSTEM FOR THESE GARDENS AS WELL AS FLOWER GARDENS ON THE EAST AND WEST SIDES OF THE BUILDING.
DENNIS NEWTON FUND: DURING 2022, AS RECOMMENDED BY SIKICH, THE FOUNDATION BEGAN TRACKING DENNIS NEWTON FUND DONATIONS AND EXPENSES SEPARATELY FROM THE UNRESTRICTED FUNDS. IN PRIOR YEARS SINCE 2015, ALL FUNDS HAD BEEN CONSIDERED UNRESTRICTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Newton President & Chair | OfficerTrustee | 1 | $0 |
Annie Reiman Co Vice Chair | OfficerTrustee | 1 | $0 |
Hugo R Rodriguez Co Vice Chair | OfficerTrustee | 1 | $0 |
Dorrance Halverson Treasurer | OfficerTrustee | 1 | $0 |
John Peterson Secretary | OfficerTrustee | 1 | $0 |
Jill Korshak Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,400 |
| Total Program Service Revenue | $0 |
| Investment income | $34,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $936 |
| Net Income from Fundraising Events | -$546 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,304 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $8,447 |
| Fees for services: Other | $7,650 |
| Advertising and promotion | $30,131 |
| Office expenses | $340 |
| Information technology | $9,562 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,592 |
| All other expenses | $9,179 |
| Total functional expenses | $193,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,130 |
| Savings and temporary cash investments | $477,017 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $572,802 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,051,949 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,051,949 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,051,949 |