Mid-Atlantic Lifespan Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $11.0k
- Employees
- 4
- Location
- Columbia, MD
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 52-2359471
Organization Overview
Mid-Atlantic Lifespan Inc is located in Columbia, MD. The organization was established in 1997. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Mid-Atlantic Lifespan Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Lifespan Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Mid-Atlantic Lifespan Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATEWIDE ASSOCIATION OF ORGANIZATIONS ESTABLISHED TO PROMOTE THE INTEREST OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MID-ATLANTIC LIFESPAN HAS 236 FACILITY MEMBERS AND 85 ASSOCIATE MEMBERS. IT ORGANIZED SEVERAL FREE PEER MEETINGS THROUGHOUT THE STATE ABOUT DISCUSSION TOPICS IMPORTANT TO THE MEMBERSHIP. THE ORGANIZATION ALSO ADVOCATED FOR ITS MEMBERS ON VARIOUS STATE WORKGROUPS, SUCH AS MADC ADVISORY COMMITTEE, MEDICAID DUAL ELIGIBLE WORKGROUP, HSCRC TOTAL COST OF CARE WORKGROUP AND THE NURSING HOME LIAISON COMMITTEE. LIFESPAN IS THE MAIN LIAISON BEFORE THE MARYLAND GENERAL ASSEMBLY ON LEGISLATIVE AND BUDGET ITEMS BETWEEN SENIOR CARE PROVIDERS AND THE STATE AS WELL AS BEING THE MAIN CONTACT BETWEEN THE SENIOR CARE INDUSTRY AND STATE AGENCIES. IN 2022, LIFESPAN FOLLOWED 80 BILLS AND PROVIDED TESTIMONY ON APPROXIMATELY 30 LEGISLATIVE PROPOSALS.(SEE SCHEDULE O FOR CONTINUATION.)IT COMMUNICATES REGULATORY, LEGISLATIVE AND ADVOCACY INFORMATION TO ITS MEMBERS MONTHLY BY EMAILS, WEBINARS, AND E-NEWSLETTERS. THE MONTHLY NEWSLETTER ALSO INFORMS MEMBERS OF CURRENT EVENTS, SHOWCASES OUR PROVIDERS' ACCOMPLISHMENTS AND PROVIDES INFORMATIVE INFORMATION WHICH INCLUDES UPCOMING SEMINARS. IN 2022, A WEEKLY DIGEST WAS EMAILED TO INFORM MEMBERS OF COVID RELATED ISSUES, EXECUTIVE ORDERS AND BEST PRACTICE INFORMATION. LIFESPAN CONNECTED WITH MEMBERS, IN PERSON, VIA ZOOM, AND OTHER VIRTUAL PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Heffner President/ex-Officio | OfficerTrustee | 28.5 | $227,528 |
Leslie Ray Chair | OfficerTrustee | 1 | $0 |
Carmel Roques Past Chair | OfficerTrustee | 1 | $0 |
Stanley Snow Chair Elect | OfficerTrustee | 1 | $0 |
Kevin Goedeke Secretary | OfficerTrustee | 1 | $0 |
Jeff Kagan Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,225,939 |
| Investment income | $25,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,840 |
| Net Gain/Loss on Asset Sales | -$14,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,332,016 |
| 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. | $235,043 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,249 |
| Pension plan accruals and contributions | $4,333 |
| Other employee benefits | $17,050 |
| Payroll taxes | $22,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,332 |
| Fees for services: Other | $288,065 |
| Advertising and promotion | $0 |
| Office expenses | $18,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,222 |
| Travel | $7,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389,031 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,751 |
| Insurance | $6,080 |
| All other expenses | $0 |
| Total functional expenses | $1,378,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $445,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $837 |
| 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 | $16,490 |
| Net Land, buildings, and equipment | $278,538 |
| Investments—publicly traded securities | $714,524 |
| Investments—other securities | $11,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613,178 |
| Total assets | $2,079,583 |
| Accounts payable and accrued expenses | $15,209 |
| Grants payable | $0 |
| Deferred revenue | $172,837 |
| 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 | $909,692 |
| Total liabilities | $1,097,738 |
| Net assets without donor restrictions | $981,845 |
| 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 | $2,079,583 |