Agebetter Inc
- Assets
- $259.4k
- Revenue
- $377.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 39-1969761
Organization Overview
Agebetter Inc is located in Madison, WI. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agebetter 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 12/2021, Agebetter Inc generated $377.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $388.9k during the year ending 12/2021. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AGEBETTER, INC IS TO WORK COLLABORATIVELY WITH OLDER PEOPLE, THEIR FAMILIES, CAREGIVERS, PHYSICIANS, PAYERS, PROVIDERS, AND EDUCATORS TO ENHANCE THEIR HEALTH, WELLNESS, INDEPENDENCE,AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHARING ACTIVE INDEPENDENT LIVES (SAIL) PROGRAM OFFERS SENIOR ADULTS THE SUPPORT THEY NEED TO REMAIN ACTIVE, INDEPENDENT, AND IN THEIR OWN HOMES. THE SAIL PROGRAM GIVES SENIORS ACCESS TO PRE-SCREENED SERVICE PROVIDERS AND SUPPORTS SENIORS' OVERALL WELLNESS BY OFFERING SOCIAL PROGRAMS, VOLUNTEER SERVICES, AND TRANSPORTATION ASSISTANCE. THE SAIL PROGRAM IS OFFERED TO ADULTS 55 YEARS OF AGE OR OLDER WHO LIVE IN DANE COUNTY, WI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Albert Executive Di | Trustee | 40 | $101,622 |
Barbara Gessner President | OfficerTrustee | 1 | $0 |
Mary Ann Drescher Secretary | OfficerTrustee | 1 | $0 |
Linda Johnson Treasurer | OfficerTrustee | 1 | $0 |
Ruth Marion Director | Trustee | 1 | $0 |
Reginald Hislop III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,389 |
| Noncash contributions included in lines 1a–1f | $28,493 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,389 |
| Total Program Service Revenue | $123,058 |
| Investment income | $160 |
| 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 | $377,607 |
| 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. | $101,622 |
| Compensation of current officers, directors, key employees. | $55,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,678 |
| Fees for services: Legal | $4,068 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $759 |
| Advertising and promotion | $19,396 |
| Office expenses | $12,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,141 |
| All other expenses | $4,914 |
| Total functional expenses | $388,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,948 |
| Savings and temporary cash investments | $106,210 |
| Pledges and grants receivable | $11,650 |
| Accounts receivable, net | $4,603 |
| 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 | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $259,411 |
| Accounts payable and accrued expenses | $6,525 |
| Grants payable | $0 |
| Deferred revenue | $71,064 |
| 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 | $77,589 |
| Net assets without donor restrictions | $181,822 |
| 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 | $259,411 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Agebetter Inc has recieved totaling $78,322.
| Awarding Organization | Amount |
|---|---|
Jennie H Olson Charitable Foundation Inc Madison, WI PURPOSE: HEALTH SERVICES | $35,000 |
Attic Angel Association Madison, WI PURPOSE: TO AID IN THEIR MISSION TO WORK COLLABORATIVELY WITH OLDER PEOPLE TO ENHANCE THEIR LIVES. | $28,125 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $122 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $75 |
Endowment Analysis
| Beg. Balance | $76,196 |
| Earnings | $13,339 |
| Admin Expense | $453 |
| Net Contributions | $2,225 |
| Grants | $2,538 |
| Ending Balance | $88,769 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
American Baptist Homes Of The Midwest Eden Prairie, MN | $108,679,922 | $74,595,606 |
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN | $328,963,538 | $77,981,814 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |