Lake Country Area Agency On Aging Inc
- Assets
- $712.7k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 116
- Location
- South Hill, VA
- Founding
- 12/1989
- Data as of
- 09/2022
- EIN
- 54-1506078
Organization Overview
Lake Country Area Agency On Aging Inc is located in South Hill, VA. The organization was established in 1989. 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 09/2022, Lake Country Area Agency On Aging Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country Area Agency On Aging 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 09/2022, Lake Country Area Agency On Aging Inc generated $2.8m 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 (3.6%) each year. All expenses for the organization totaled $2.7m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACTIVITIES UNDER THE OLDER AMERICANS ACT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ACTIVITIES UNDER THE OLDER AMERICANS ACT
SUPPORT ACTIVITIES UNDER THE OLDER AMERICANS ACT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer R Bowen Chairperson | OfficerTrustee | 2 | $0 |
Helen Chessman Secretary | OfficerTrustee | 3 | $0 |
Todd Moser Vice Chairpe | OfficerTrustee | 2 | $0 |
Ronnie Wells Treasurer | OfficerTrustee | 3 | $0 |
Marvalene Johnson President | Officer | 40 | $0 |
John Andrew Piercy Finance Mana | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,780,679 |
| 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 | $2,780,679 |
| Total Program Service Revenue | $53,914 |
| 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 | $2,834,593 |
| 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 | $1,586,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,947 |
| Payroll taxes | $116,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,804 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,084 |
| Travel | $11,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,042 |
| Insurance | $0 |
| All other expenses | $166,496 |
| Total functional expenses | $2,737,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,657 |
| 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 | $555,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $918 |
| Total assets | $712,652 |
| Accounts payable and accrued expenses | $15,306 |
| 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 | $25,881 |
| Total liabilities | $41,187 |
| Net assets without donor restrictions | $671,465 |
| 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 | $712,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Country Area Agency On Aging Inc has recieved totaling $15,075.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: SPONSORSHIP | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern Community Action Council Inc Huntington, WV | $3,442,684 | $16,539,322 |
Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Wellmont Wexford House Johnson City, TN | $11,769,586 | $11,612,147 |
Central West Virginia Aging Services Inc Buckhannon, WV | $10,635,053 | $17,319,473 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
Wvsc Metro Area Agency On Aging Inc Dunbar, WV | $2,022,123 | $10,856,707 |
The 60 Plus Association Inc Alexandria, VA | $451,230 | $11,797,770 |
Aging Disability & Transit Services Of Rockingham County Reidsville, NC | $8,070,642 | $11,439,316 |
Appalachian Area Agency On Aging Inc Princeton, WV | $1,152,038 | $9,615,671 |
Senior Connections The Capital Area Agency On Aging Richmond, VA | $3,890,692 | $8,738,746 |
Seabury Resources For Aging Washington, DC | $14,104,200 | $8,799,775 |
Senior Services Inc Winstonsalem, NC | $22,278,206 | $15,636,681 |