Coltrane L I F E Center Inc
- Assets
- $1.4m
- Revenue
- $764.1k
- Investments
- $0.0
- Employees
- 34
- Location
- Concord, NC
- Founding
- 11/1978
- Data as of
- 06/2022
- EIN
- 56-1222998
Organization Overview
Coltrane L I F E Center Inc is located in Concord, NC. 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 06/2022, Coltrane L I F E Center Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coltrane L I F E Center 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 06/2022, Coltrane L I F E Center Inc generated $764.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
PROVIDING SPECIALIZED ADULT DAY HEALTH CARE SERVICES TO IMPROVE THE QUALITY OF LIFE FOR FRAIL/IMPAIRED ADULTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLTRANE LIFE CENTER PROVIDES COMPREHENSIVE ADULT DAY HEALTH SERVICES TO SENIORS & ADULTS WITH DISABILITIES. DURING FISCAL YEAR 2021-22, THE CENTER SERVED 112 ADULTS FROM CABARRUS AND SURROUNDING COUNTIES. PARTICIPANTS INCLUDE OLDER ADULTS WITH ALZHEIMERS DISEASE/DEMENTIA, PARKINSONS DISEASE, THE EFFECTS OF A STROKE, VISION OR HEARING IMPAIRMENTS, AND THE NEED TO BE AMONG FRIENDS THEIR OWN AGE. THE CENTER ALSO SERVES YOUNGER ADULTS (AT LEAST AGE 18) WHO HAVE DEVELOPMENTAL DISABILITIES, ACCIDENT-RELATED DISABILITIES, OR OTHER IMPAIRMENTS. THE CENTER PROVIDES NUTRITIOUS MEALS, MONTHLY HEALTH SCREENINGS, BEAUTY/BARBER SERVICES, AND PERSONAL HYGIENE CARE TO PARTICIPANTS, AND A VARIETY OF SERVICES & SUPPORT TO THEIR FAMILY CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Caudle Executive Dir. | Officer | 40 | $79,198 |
Pam Hayworth Secretary | Officer | 40 | $32,202 |
Judy Mcdonald Director | Trustee | 1 | $0 |
Chris Saddler Director | Trustee | 1 | $0 |
Foster Lynch Director | Trustee | 1 | $0 |
Peggy Lynch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,587 |
| Membership dues | $0 |
| Fundraising events | $20,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,605 |
| Noncash contributions included in lines 1a–1f | $22,582 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,992 |
| Total Program Service Revenue | $611,449 |
| 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 | $3,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,060 |
| 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. | $130,193 |
| Compensation of current officers, directors, key employees. | $9,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,747 |
| Payroll taxes | $42,610 |
| 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 | $958 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $0 |
| Office expenses | $11,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,915 |
| 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 | $50,794 |
| Insurance | $17,099 |
| All other expenses | $0 |
| Total functional expenses | $1,240,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,574 |
| Savings and temporary cash investments | $343,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,720 |
| 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 | $818,377 |
| Investments—publicly traded securities | $103,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,411,362 |
| Accounts payable and accrued expenses | $73,611 |
| 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 | $73,611 |
| Net assets without donor restrictions | $1,331,251 |
| Net assets with donor restrictions | $6,500 |
| 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 | $1,411,362 |