Vantage Aging
- Assets
- $5.5m
- Revenue
- $11.4m
- Investments
- $184.4k
- Employees
- 772
- Location
- Akron, OH
- Founding
- 05/1978
- Data as of
- 09/2023
- EIN
- 51-0148544
Organization Overview
Vantage Aging is located in Akron, OH. The organization was established in 1978. 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, Vantage Aging employed 772 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vantage Aging 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, Vantage Aging generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $12.0m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE A POSITIVE PERSPECTIVE ON AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE SOLUTIONS: THE SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) IS A JOB-TRAINING PROGRAM FOR OLDER ADULTS LOCATED IN 38 OHIO COUNTIES AND 37 INDIANA COUNTIES. FUNDED UNDER GRANTS FROM THE U.S. DEPARTMENT OF LABOR (DOL), OHIO DEPARTMENT OF AGING (ODA), AND INDIANA DEPARTMENT OF WORKFORCE DEVELOPMENT, THE PROGRAM PROVIDES PAID, PART-TIME JOB TRAINING IN COMMUNITY SERVICE ASSIGNMENTS. PROGRAM PARTICIPANTS ARE LOW-INCOME ADULTS AGE 55 AND OLDER PLACED WITH NONPROFIT AND GOVERNMENT AGENCIES (TRAINING SITES) FOR TRAINING. SCSEP PROVIDES A DUAL BENEFIT TO THE COMMUNITIES IT SERVES, IMPROVING JOB READINESS OF OLDER WORKERS WHILE EXPANDING THE SERVICES PROVIDED BY LOCAL TRAINING SITES.
MEALS ON WHEELS OF NORTHEAST OHIO: SUPPORTING THE NUTRITIONAL NEEDS OF OLDER ADULTS IN SUMMIT, STARK AND WAYNE COUNTIES, THE MEALS ON WHEELS OF NORTHEAST OHIO PROVIDES HOMEBOUND AND DISABLED CLIENTS THE OPPORTUNITY FOR DELICIOUS AND NUTRICIOUS MEALS TO BE DELIVERD TO THEIR HOME TO SUPPORT THEIR HEALTH AND WELL-BEING. AS PART OF THE ORGANIZATION'S CONTINUUM OF CARE, EACH VISIT INCLUDES A WELLNESS CHECK, WHERE TRAINED DRIVERS CAN ASSESS POTENTIAL HEALTH ISSUES, SUCH AS FALL-RISK ASSESSMENTS. CONGREGATE DINING OPTIONS ARE PROVIDED AT SEVERAL LOCATIONS TO PROVIDE HEALTHY MEAL ALTERNATIVES AND SOCIALIZATION OPPORTUNITIES TO PROVENT SOCIAL ISOLATION. ADDITIONAL, THE OHIO SENIOR FARMERS' MARKET NUTRITION PROGRAM PROVIDE VOUCHERS TO SENIORS AGE 60 AND OLDER WHO MEET INCOME GUIDELINES FOR THE PURCHASE OF UP TO $50 IN FRESH PRODUCE AT LOCAL FARMER'S MARKETS
AMERICORPS SENIORS RSVP: AS ONE OF THE LARGEST VOLUNTEER NETWORKS IN THE NATION, RSVP IS A PROGRAM OF THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE AND PROVIDES VOLUNTEERS AGE 55 AND OLDER WITH SERVICE OPPORTUNITIES. RSVP VOLUNTEERS ADDRESS CRITICAL COMMUNITY NEEDS AND TAKE ON NEW NATIONAL INITIATIVES TO MEET THOSE NEEDS.WITH A STRONG CORP OF EXPERIENCED VOLUNTEERS, RSVP HELPS TO BUILD CAPACITY AND OUTREACH EFFORTS FOROVER 70 ORGANIZATIONS INCLUDING FOOD PANTRIES, HEALTH AND WELLNESS PROGRAMS, AND SOCIAL SERVICE AGENCIES. VANTAGE AGING PROVIDES RSVP PROGRAMMING IN SUMMIT, MEDINA, GEAUGA, WAYNE, DELAWARE, FRANKLIN AND HAMILTON COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia P Bayer Member | Trustee | 1 | $0 |
Kimberly Ray Member | Trustee | 1 | $0 |
Alex J Mccallion Member | Trustee | 1 | $0 |
Gary Davis Member | Trustee | 1 | $0 |
Leann Shaeffer Chair | OfficerTrustee | 2 | $0 |
David Ionno Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,411 |
| Membership dues | $0 |
| Fundraising events | $24,072 |
| Related organizations | $0 |
| Government grants | $9,327,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,467 |
| Noncash contributions included in lines 1a–1f | $3,859 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,791,363 |
| Total Program Service Revenue | $1,513,882 |
| Investment income | $61,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,854 |
| Net Income from Fundraising Events | -$9,406 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,350,794 |
| 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. | $295,648 |
| Compensation of current officers, directors, key employees. | $280,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,908,300 |
| Pension plan accruals and contributions | $41,012 |
| Other employee benefits | $528,807 |
| Payroll taxes | $625,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,249 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,243 |
| Fees for services: Other | $133,938 |
| Advertising and promotion | $106,989 |
| Office expenses | $65,071 |
| Information technology | $155,007 |
| Royalties | $0 |
| Occupancy | $345,523 |
| Travel | $168,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,824 |
| Interest | $3,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,865 |
| Insurance | $108,240 |
| All other expenses | $16,237 |
| Total functional expenses | $11,998,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,785 |
| Savings and temporary cash investments | $26,338 |
| Pledges and grants receivable | $458,486 |
| Accounts receivable, net | $168,010 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,954 |
| Prepaid expenses and deferred charges | $19,639 |
| Net Land, buildings, and equipment | $1,320,784 |
| Investments—publicly traded securities | $2,084,445 |
| Investments—other securities | $184,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $601,817 |
| Total assets | $5,471,687 |
| Accounts payable and accrued expenses | $786,979 |
| Grants payable | $0 |
| Deferred revenue | $43,155 |
| 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 | $597,376 |
| Total liabilities | $1,427,510 |
| Net assets without donor restrictions | $3,458,669 |
| Net assets with donor restrictions | $585,508 |
| 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 | $5,471,687 |