Little Brothers-Friends Of The Elderly
- Assets
- $973.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Hancock, MI
- Founding
- 05/1986
- Data as of
- 09/2023
- EIN
- 38-2411631
Organization Overview
Little Brothers-Friends Of The Elderly is located in Hancock, MI. The organization was established in 1986. 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, Little Brothers-Friends Of The Elderly employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Brothers-Friends Of The Elderly 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, Little Brothers-Friends Of The Elderly generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $877.4k during the year ending 09/2023. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RELIEVE ISOLATION AND LONELINESS AMONG THE ELDERLY BY PROVIDING TRANSPORTATION, SOCIAL EVENTS, AND OTHER VOLUNTEER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER/FOOD PROGRAM-PROVIDING SERVICES BY VOLUNTEERS FOR THE ELDERLY
MEDICAL TRANSPORT-PROVIDE TRANSPORTATION AND OTHER SERVICES TO LOW INCOME ELDERLY PEOPLE. WOOD PROGRAM-PROVIDE WOOD TO ELDERLY FRIENDS TO ASSIST IN HEATING THEIR HOMES.
SOCIAL ACTIVITIES-PROVIDE ACTIVITIES SUCH AS HOLIDAY PARTIES AND PICNICS TO PROMOTE COMPANIONSHIP AND OUTINGS FOR THE ISOLATED AND LONELY ELDERLY
VISITING PROGRAM-VISIT THE ELDERLY FRIENDS PROVIDING FRIENDSHIP AND PERSONALIZED SERVICES THAT PROMOTE INDEPENDENT LIVING AND HELP TO MEET EMOTIONAL AND PHYSICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Korpela Executive Di | Trustee | 40 | $58,573 |
Catherine Kass-Aten Former Ex. D | Trustee | 40 | $69,638 |
David Geisler President | OfficerTrustee | 3 | $0 |
Kyla Cole Vice Preside | OfficerTrustee | 2 | $0 |
Cheryl O'brien Treasurer | OfficerTrustee | 2 | $0 |
Carrie Massie Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $837,446 |
| Noncash contributions included in lines 1a–1f | $93,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $962,388 |
| Total Program Service Revenue | $0 |
| Investment income | $6,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,678 |
| Net Income from Fundraising Events | $17,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,052,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $67,404 |
| Compensation of current officers, directors, key employees. | $50,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,587 |
| Pension plan accruals and contributions | $3,582 |
| Other employee benefits | $61,395 |
| Payroll taxes | $40,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $532 |
| Fees for services: Accounting | $6,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,131 |
| Office expenses | $45,332 |
| Information technology | $33,392 |
| Royalties | $0 |
| Occupancy | $13,050 |
| Travel | $50,794 |
| 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 | $44,225 |
| Insurance | $5,066 |
| All other expenses | $0 |
| Total functional expenses | $877,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,609 |
| Savings and temporary cash investments | $187,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,976 |
| 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 | $255,779 |
| Investments—publicly traded securities | $240,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,740 |
| Total assets | $973,419 |
| Accounts payable and accrued expenses | $71,644 |
| 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 | $54,291 |
| Total liabilities | $125,935 |
| Net assets without donor restrictions | $847,484 |
| 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 | $973,419 |