Everyage Foundation
- Assets
- $12.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Newton, NC
- Founding
- 04/2001
- Data as of
- 09/2023
- EIN
- 56-2243082
Organization Overview
Everyage Foundation is located in Newton, NC. The organization was established in 2001. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 09/2023, Everyage Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Everyage 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 09/2023, Everyage Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $626.9k during the year ending 09/2023. While expenses have increased by 0.4% per year over the past 7 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.
Since 2015, Everyage Foundation has awarded 20 individual grants totaling $4,727,427. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE EDUCATION PROGRAMS OF OUTREACH AND COMPASSIONATE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERYAGE FOUNDATION HOLDS AND SAFEGUARDS ASSETS OF ITS SUPPORTED ORGANIZATIONS, EVERYAGE, LAKE PRINCE CENTER, AND CAROLINA SENIORCARE. THE FOUNDATION RAISES FUNDS THROUGH SOLICITATION AND MAKES GRANTS ON AN AS-NEEDED BASIS TO ITS SUPPORTED ORGANIZATIONS. THE MAJORITY OF THESE GRANTS PROVIDE BENEVOLENT FUNDS TO ASSIST EVERYAGE RESIDENTS WHO OTHERWISE LACK THE FINANCIAL RESOURCES TO PAY THE COSTS OF RESIDENCY AND CARE. THE FOUNDATION ALSO PROVIDES GRANTS TO LAKE PRINCE CENTER, CAROLINA SENIORCARE, AND ELDERHAUS TO SUPPORT THEIR ONGOING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Syria President And CEO | OfficerTrustee | 0.5 | $0 |
Larry Bolick Chair | OfficerTrustee | 0.5 | $0 |
Leroy Howell Vice Chair | OfficerTrustee | 0.5 | $0 |
Melva Cooper Secretary | OfficerTrustee | 0.5 | $0 |
Joe Beaman Treasurer | OfficerTrustee | 0.5 | $0 |
Beverly Lanzer Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,193 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,187 |
| Noncash contributions included in lines 1a–1f | $101,845 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,038,380 |
| Total Program Service Revenue | $0 |
| Investment income | $315,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$211,252 |
| Net Income from Fundraising Events | -$10,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,132,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,154 |
| 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. | $210,387 |
| Compensation of current officers, directors, key employees. | $189,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $21,396 |
| Other employee benefits | $14,675 |
| Payroll taxes | $17,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,581 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,235 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,000 |
| Office expenses | $3,718 |
| Information technology | $9,168 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,165 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $626,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,714,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,743 |
| 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 | $3,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,693,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,594,554 |
| Accounts payable and accrued expenses | $56,796 |
| 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 | $3,670,175 |
| Total liabilities | $3,726,971 |
| Net assets without donor restrictions | $710,423 |
| Net assets with donor restrictions | $8,157,160 |
| 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 | $12,594,554 |
Grants Awarded
Over the last fiscal year, Everyage Foundation has awarded $292,154 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVERYAGE PURPOSE: PROGRAM SUPPORT | $143,710 |
LAKE PRINCE CENTER PURPOSE: PROGRAM SUPPORT | $148,444 |