Sylvia G Thompson Residence Center Inc
- Assets
- $5.1m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 428
- Location
- Sedalia, MO
- Founding
- 08/1994
- Data as of
- 06/2023
- EIN
- 43-1610033
Organization Overview
Sylvia G Thompson Residence Center Inc is located in Sedalia, MO. The organization was established in 1994. 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. As of 06/2023, Sylvia G Thompson Residence Center Inc employed 428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sylvia G Thompson Residence Center 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 06/2023, Sylvia G Thompson Residence Center Inc generated $17.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $13.6m during the year ending 06/2023. While expenses have increased by 5.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ROOM AND BOARD, SKILLED NURSING CARE, AND OTHER ANCILLARY SERVICES TO THE ELDERLY, REGARDLESS OF THE ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES TWO SKILLED CARE FACILITIES- SYLVIA G. THOMPSON RESIDENCE CENTER AND E.W. THOMPSON HEALTH AND REHABILITATION CENTER. SYLVIA G. THOMPSON RESIDENCE CENTER IS A 120-BED FACILITY AND E.W. THOMPSON HEALTH AND REHABILITATION CENTER IS A 60-BED FACILITY. AT THE END OF THE YEAR THERE WERE 180 RESIDENTS BETWEEN THE TWO FACILITIES. DURING THE YEAR 50% OF THE RESIDENTS AT SYLVIA G. THOMPSON RESIDENCE CENTER PAID AN AMOUNT SUBSTANTIALLY LOWER THAN THE SET RATES AND/OR WERE SUBSIDIZED BY TITLE XIX FUNDING AND 60% OF RESIDENTS AT E.W. THOMPSON HEALTH AND REHABILITATION CENTER PAID AT LOWER RATES.
THE CORPORATION OPERATES THE THOMPSON EARLY LEARNING CENTER FOR CONVENIENCE AND BENEFIT TO EMPLOYEES AND TO PROVIDE MEANINGFUL INTERACTIONS BETWEEN THE RESIDENTS AND THE CHILDREN. AT THE END OF THE YEAR THEY HAD 51 CHILDREN ENROLLED. 80% OF THE CHILDREN ENROLLED WERE CHILDREN OF EMPLOYEES WHO RECEIVED A REDUCED RATE FOR USING THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela J Osburn Secretary | Officer | 50 | $130,695 |
William J Shumake President | OfficerTrustee | 7.5 | $0 |
Dianne M Simon Vice Preside | OfficerTrustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,202,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,202,554 |
| Total Program Service Revenue | $14,790,789 |
| Investment income | $191,137 |
| 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 | $17,184,480 |
| 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. | $271,483 |
| Compensation of current officers, directors, key employees. | $271,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,764,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,313,363 |
| Payroll taxes | $556,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,062 |
| Fees for services: Accounting | $7,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,279 |
| Office expenses | $12,227 |
| Information technology | $99,251 |
| Royalties | $0 |
| Occupancy | $920,676 |
| Travel | $6,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,618 |
| Insurance | $246,106 |
| All other expenses | $547,396 |
| Total functional expenses | $13,642,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,846,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,247 |
| Prepaid expenses and deferred charges | $160,430 |
| Net Land, buildings, and equipment | $506,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,480 |
| Total assets | $5,101,757 |
| Accounts payable and accrued expenses | $632,798 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,693 |
| 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 | $3,258,638 |
| Total liabilities | $3,931,129 |
| Net assets without donor restrictions | $0 |
| 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 | $1,170,628 |
| Total liabilities and net assets/fund balances | $5,101,757 |