60 Plus Foundation Inc
- Assets
- $50.8k
- Revenue
- $292.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-5076466
Organization Overview
60 Plus Foundation Inc is located in Alexandria, VA. The organization was established in 2013. According to its NTEE Classification (R25) the organization is classified as: Seniors Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 60 Plus 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 12/2021, 60 Plus Foundation Inc generated $292.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $259.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 6 years. 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 60 PLUS FOUNDATION, INC. IS A 501(C)(3) NON-PARTISAN EDUCATION ORGANIZATION FORMED TO IDENTIFY THESE PROBLEMS AND NEEDS AND TO SEEK ALTERNATIVE SOLUTIONS DEVELOPED THROUGH THE PRIVATE SECTOR, FINANCED THROUGH THE FREE ENTERPRISE SYSTEM, WHICH ENHANCE THE QUALITY OF LIFE, DIGNITY, AND SECURITY OF AMERICAN SENIOR CITIZENS. THE FOUNDATION BRINGS TOGETHER SEGMENTS OF THE PUBLIC, REPRESENTATIVES OF CIVIC INSTITUTIONS, LEADERS IN PRIVATE ENTERPRISE, AND SPECIALISTS IN EDUCATIONAL DISCIPLINES TO RESTORE THE VIGOR, INTENTIONS AND BELIEFS OF OUR FOUNDING FATHERS, AS THOSE INTENTIONS AND BELIEFS RELATE TO SENIOR ISSUES. WE WORK TO REKINDLE A NATION AND A CULTURE THAT ASSISTS, SUPPORTS, AND PROVIDES OPPORTUNITIES TO ITS SENIOR CITIZENS, WHILE RESPECTING THE CONSTITUTIONAL RIGHT OF EVERY CITIZEN TO LIVE IN DIGNITY AND THRIVE IN A DEMOCRATIC SOCIETY, FREE FROM GOVERNMENT RELIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESOURCES AND EDUCATION MATERIALS TO SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Martin Chairman | OfficerTrustee | 10 | $0 |
Saul Anuzis President | OfficerTrustee | 10 | $0 |
Bob Coakley Secretary | OfficerTrustee | 10 | $0 |
John Engler Director | Trustee | $0 | |
Ken Lynch Director | Trustee | $0 | |
Tim Hyde Director | Trustee | $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 | $292,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,730 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $292,730 |
| 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. | $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 | $2,697 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,803 |
| Fees for services: Accounting | $7,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,369 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,821 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $259,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,835 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,835 |
| Accounts payable and accrued expenses | $53,336 |
| 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 | $42,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,500 |
| Total liabilities | $183,336 |
| 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 | -$132,501 |
| Total liabilities and net assets/fund balances | $50,835 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 60 Plus Foundation Inc has recieved totaling $111.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Council On Aging Inc Arlington, VA | $10,857,005 | $54,308,003 |
Federation Of Responsible Citizens Inc Alexandria, VA | $770,919 | $9,741,020 |
Alliance For Retired Americans Washington, DC | $11,474,428 | $7,560,389 |
Justice In Aging Washington, DC | $4,789,014 | $4,349,019 |
Protectseniorsorg Alexandria, VA | $11,569 | $304,754 |
60 Plus Foundation Inc Alexandria, VA | $50,835 | $292,730 |
Lafayette Macon County Senior Citizens Center Inc Lafayette, TN | $27,218 | $0 |
Commonwealth Long Term Care Foundation Inc Richmond, VA | $342,582 | $1,895 |