Elderwise
- Assets
- $58.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/2002
- Data as of
- 06/2022
- EIN
- 38-3591933
Organization Overview
Elderwise is located in Ann Arbor, MI. The organization was established in 2002. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderwise 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 06/2022, Elderwise generated $89.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $73.7k during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ELDERWISE OFFERED 3 TERMS OF CLASSES FOR SENIORS, EACH TERM OFFERED AN AVERAGE OF 55 TWO HOUR SESSIONS. WE HAVE ABOUT 220 ACTIVE MEMBERS AND EACH SESSION IS ATTENDED BY ABOUT 20 MEMBERS. OUR GOAL IS ACTIVE, ENGAGED AND SOCIALIZED SENIORS AND WE ARE ACHIEVING THAT GOAL. WE HAVE SUFFERED A SIGNIFICANT LOSS FROM COVID 19 AND SWITCHED TO ONLY ONLINE CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Teorey Chair | 10 | $0 | |
John Stewart Vice Chair | 10 | $0 | |
Georgette Hansen Secretary | 2 | $0 | |
Joan Bulmer Treasurer | 5 | $0 | |
Nancy Kuzniar Curriculum Director | 5 | $0 | |
Leonore Gerstein Chair Of Administration And Finance | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,203 |
| Total Program Service Revenue | $47,263 |
| Membership dues | $6,540 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,344 |
| Professional fees and other payments to independent contractors | $669 |
| Occupancy, rent, utilities, and maintenance | $11,811 |
| Printing, publications, postage, and shipping | $17,208 |
| Other expenses | $9,629 |
| Total expenses | $73,661 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,146 |
| Other assets | $0 |
| Total assets | $58,146 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,146 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elderwise has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |
Columbus Literacy Council Columbus, OH | $1,481,733 | $3,063,188 |
Evansville Plumbers Apprentice Training Trust Fund Evansville, IN | $3,497,630 | $2,319,217 |
Inforum Detroit, MI | $3,977,241 | $2,035,446 |
West Michigan Center For Arts And Technology Grand Rapids, MI | $9,239,729 | $2,613,350 |
Western Great Lakes Finishing Trades Institute Madison, WI | $1,218,551 | $1,952,776 |
Ruah Woods Cincinnati, OH | $1,770,354 | $1,780,686 |
Cleveland Leadership Center Chagrin Falls, OH | $2,919,214 | $2,344,097 |