Volusia County Council On Aging Living Gifts Foundation Inc
- Assets
- $3.3m
- Revenue
- $390.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 08/1987
- Data as of
- 09/2021
- EIN
- 59-2785991
Organization Overview
Volusia County Council On Aging Living Gifts Foundation Inc is located in Daytona Beach, FL. The organization was established in 1987. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Volusia County Council On Aging Living Gifts Foundation 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 09/2021, Volusia County Council On Aging Living Gifts Foundation Inc generated $390.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $133.8k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARILY, TO RECEIVE AND MAINTAIN REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS SET FORTH IN THE ARTICLES OF INCORPORATION, TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS THAT QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR RESTRICTED FUNDS TO PROVIDE MEALS AND RELATED SERVICES FOR THE DELAND FOOD PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Gurtis Ed | $30,680 | ||
Dean P Kurtz Chairman | OfficerTrustee | $0 | |
Rober Lloyd Secretary | OfficerTrustee | $0 | |
Nancy Lohman Vice Chairma | OfficerTrustee | $0 | |
Bobby Thigpen Treasurer | OfficerTrustee | $0 | |
Chris Tolland Past Chairma | OfficerTrustee | $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 | $75,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,450 |
| Total Program Service Revenue | $0 |
| Investment income | $25,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $288,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,384 |
| 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. | $32,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,680 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,581 |
| Other employee benefits | $4,468 |
| Payroll taxes | $4,693 |
| 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 | $18,791 |
| Fees for services: Other | $885 |
| Advertising and promotion | $0 |
| Office expenses | $545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,145 |
| Travel | $227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23 |
| Interest | $197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,791 |
| Insurance | $650 |
| All other expenses | $338 |
| Total functional expenses | $133,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,482 |
| Savings and temporary cash investments | $191,565 |
| Pledges and grants receivable | $0 |
| 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 | $8,522 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,010,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,390 |
| Total assets | $3,332,719 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $94,000 |
| 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 | $77,405 |
| Total liabilities | $171,405 |
| Net assets without donor restrictions | $1,899,843 |
| Net assets with donor restrictions | $1,261,471 |
| 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 | $3,332,719 |
Grants Awarded
Over the last fiscal year, Volusia County Council On Aging Living Gifts Foundation Inc has awarded $388,405 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Daytona Beach, FL PURPOSE: ANNUAL CONTRIBUTION | $369,571 |
Daytona Beach, FL PURPOSE: DELAND FOOD PROGRAM | $18,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Aging Inc Miami, FL | $8,467,801 | $51,987,435 |
Areawide Council On Aging Of Broward County Inc Sunrise, FL | $24,945,017 | $35,611,356 |
Senior Connection Center Inc Tampa, FL | $6,323,392 | $31,182,357 |
Morselife Housing Corporation Inc West Palm Beach, FL | $149,720,364 | $25,757,554 |
Area Agency On Aging Of Palm Beach- Treasure Coast Inc West Palm Beach, FL | $10,902,436 | $30,560,606 |
Area Agency On Aging Of Pasco-Pinellas Inc St Petersburg, FL | $8,252,945 | $27,888,489 |
Northeast Florida Area Agency On Aging Inc Jacksonville, FL | $5,702,503 | $25,650,557 |
Mid-Florida Area Agency On Aging Inc Gainesville, FL | $7,911,620 | $25,273,511 |
Suncoast Pace Inc Clearwater, FL | $13,555,248 | $27,843,705 |
Area Agency On Aging Of Central Florida Inc Orlando, FL | $4,933,881 | $22,567,397 |
Area Agency On Aging For Southwest Florida Inc Fort Myers, FL | $7,137,092 | $21,154,051 |
Community Senior Life Inc Orange Beach, AL | $9,773,868 | $15,042,221 |