Wadsworth Older Adults Foundation
- Assets
- $135.4k
- Revenue
- $20.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wadsworth, OH
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 51-0173813
Organization Overview
Wadsworth Older Adults Foundation is located in Wadsworth, OH. The organization was established in 1976. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadsworth Older Adults Foundation 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, Wadsworth Older Adults Foundation generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2021. 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 THE WADSWORTH OLDER ADULTS FOUNDATION IS TO BE PROACTIVE IN PROVIDING SUPPLEMENTAL SUPPORT TO THE PROGRAMS AND SERVICES AFFILIATED WITH SOPREMA SENIOR CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL SUPPORT FOR PROGRAMS AND SERVICES AFFILIATED WITH THE WADSWORTH CENTER FOR OLDER ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Berlin President | Officer | 1 | $0 |
Dana Berlin Secretary | Officer | 2 | $0 |
Teri Nicholas Treasurer | Officer | 5 | $0 |
Annette Cannone Vice President | Officer | 1 | $0 |
Stacey Ries Trustee | Trustee | 1 | $0 |
Aggie Simmons Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $930 |
| Fundraising events | $2,352 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,292 |
| Total Program Service Revenue | $70 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,853 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,546 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $1,945 |
| Office expenses | $487 |
| Information technology | $6,247 |
| 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 | $995 |
| Insurance | $1,615 |
| All other expenses | $0 |
| Total functional expenses | $17,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,634 |
| 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 | $46,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22 |
| Total assets | $135,402 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $135,402 |
| 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 | $135,402 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wadsworth Older Adults Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Jackie & Bruce Davey Family Foundation Bath, OH PURPOSE: OPERATING EXPENSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orchard Manor Grove City, PA | $8,380,993 | $11,061,466 |
Catherine Kasper Life Center Inc Donaldson, IN | $1,652,159 | $10,400,404 |
Concordia Of Monroeville Monroeville, PA | $14,124,064 | $9,879,230 |
Bryn Mawr Terrace Bryn Mawr, PA | $9,525,391 | $7,813,669 |
Pendleton Manor Inc Franklin, WV | $2,799,029 | $11,584,753 |
Mary Free Bed Sub-Acute Rehabilitation Grand Rapids, MI | $13,012,298 | $7,724,866 |
Community Skilled Nursing Centre Warren, OH | $9,757,412 | $10,199,793 |
Holzer Senior Care Center Bidwell, OH | $9,964,794 | $9,770,856 |
Monroe Community Health Services Toledo, OH | $13,387,790 | $8,758,598 |
Community Healthcare Operator Inc Windber, PA | $7,449,324 | $11,021,812 |
Clarview Rest Home Inc Sligo, PA | $11,252,883 | $9,978,055 |
Ohio Eastern Star Health Care Center Inc Mount Vernon, OH | $3,107,315 | $8,084,187 |