South Florida Institute On Aging Inc
- Assets
- $783.0k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Fort Lauderdale, FL
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 59-1297932
Organization Overview
South Florida Institute On Aging Inc is located in Fort Lauderdale, FL. The organization was established in 1972. As of 06/2022, South Florida Institute On Aging Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Institute 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 06/2022, South Florida Institute On Aging Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 6 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
SOFIA IMPROVES ECONOMIC AND SOCIAL INSIGHTS AND SERVICES TO EMPOWER PEOPLE AS THEY AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER GRANDPARENT PROGRAM: OLDER ADULTS 55 YEARS OF AGE AND BETTER PROVIDE ONE ON ONE TUTORINGAND MENTORING TO YOUTH FROM INFANCY TO 21 YEARS OF AGE WITH EXCEPTIONAL OR SPECIAL NEEDS TO HELP INCREASE THEIR LITERACY, SOCIAL & EMOTIONAL DEVELOPMENT, AND OVERALL ACADEMIC ENGAGEMENT.
RETIRED AND SENIOR VOLUNTEER:THIS PROGRAM IS DESIGNED TO ENGAGE OLDER INDIVIDUALS IN VOLUNTEER SERVICE IN ORDER TO MEET CRITICAL COMMUNITY NEEDS AND TO PROVIDE A HIGH-QUALITY EXPERIENCE THAT WILL ENRICH THE LIVES OF THE VOLUNTEERS.RESPITE FOR ELDERS LIVING IN EVERYDAY FAMILIES:PROVIDES IN-HOME RESPITE BY VOLUNTEERS TO RELIEVE CAREGIVERS OF OLDER ADULTS. IT OFFERS A MUCH NEEDED BREAK TO FAMILY MEMBERS AND LOVED ONES PROVIDING CONSTANT CARE FOR A FRAIL ELDER AND THOSE STRICKEN WITH ALZHEIMER FS DISEASE AND RELATED DEMENTIA.GENERAL LEGACIES CORPS FOR VETERAN AND MILITARY FAMILIES:SOFIA IS PARTNERING WITH LEGACY CORPS AND THE UNIVERSITY OF MARYLAND TO PROVIDE IN-HOME CAREGIVER RESPITE SERVICES TO SUPPORT VETERAN AND ACTIVE MILITARY FAMILIES WHO PROVIDE CARE TO A FAMILY MEMBER.SOFIA FELOWS:SOFIA FELLOWS ASSISTS EMPLOYED, RETIRED, UNDEREMPLOYED, AND UNEMPLOYEDOLDER ADULTS TRANSITION THEIR SKILL?SETS AND EXPERIENCE INTO SUCCESSFUL OPPORTUNITIES IN THE SOUTH FLORIDA NONPROFIT SECTOR, WHETHER IT IS AS A STRONGLY ENGAGED VOLUNTEER OR AN EMPLOYEE.
SENIOR COMPANION:PROVIDES SUPPORTIVE PERSON-TO-PERSON SERVICES TO ASSIST FRAIL, ELDERLY AND DISABLED ADULTS IN ORDER FOR THEM TO MAINTAIN INDEPENDENCE.
TECH SERVICES:THE TECH SERVICES PROGRAM IS AN AWARD-WINNING TECHNOLOGY CURRICULUM SPECIFICALLY DESIGNED FOR OLDER ADULTS TO STRENGTHEN THEIR SOCIAL AND ECONOMIC WELL-BEING. THROUGH OUR PARTNERSHIPS WITH OLDER ADULTS TECHNOLOGY SERVICES (OATS) AND CYBER SENIORS, BEGINNERS LEARN SKILLS IN EMAIL, ONLINE SAFETY, NAVIGATING MAPS, NAVIGATING WEBSITES AND ONLINE PORTALS AND DOING HEALTH RESEARCH. INTERMEDIATE STUDENTS LEARN SKILLS IN HEALTH MANAGEMENT, ONLINE BANKING, ONLINE SHOPPING, ONLINE RESOURCES, SOCIAL MEDIA, MANAGING MONEY, REDUCING SPENDING, AND IDENTIFYING INCOME OPPORTUNITIES IN THE SHARE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Brewer Chair | OfficerTrustee | 2 | $0 |
Edward French Vice-Chair | OfficerTrustee | 2 | $0 |
Kandace Lesher Treasurer | OfficerTrustee | 2 | $0 |
Heidi Friedman Secretary (through May/2022) | OfficerTrustee | 2 | $0 |
Cresha Reid President And CEO | OfficerTrustee | 40 | $106,716 |
Debbie Savage Director (through May/2022) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,214,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,897 |
| Noncash contributions included in lines 1a–1f | $6,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,249,216 |
| Total Program Service Revenue | $0 |
| 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 | $2,249,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $563,085 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $753,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,631 |
| Payroll taxes | $61,330 |
| 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 | $206,022 |
| Advertising and promotion | $6,727 |
| Office expenses | $0 |
| Information technology | $51,398 |
| Royalties | $0 |
| Occupancy | $68,293 |
| 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 | $22,540 |
| Insurance | $28,196 |
| All other expenses | $2,057 |
| Total functional expenses | $1,966,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $598,343 |
| 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 | $12,503 |
| Net Land, buildings, and equipment | $15,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,969 |
| Accounts payable and accrued expenses | $187,142 |
| Grants payable | $0 |
| Deferred revenue | $242,874 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $530,016 |
| Net assets without donor restrictions | $252,953 |
| 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 | $782,969 |