Volusia County Council On Aging Living Gifts Foundation Inc
- Assets
- $3.9m
- Revenue
- $566.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Daytona Beach, FL
- Founding
- 08/1987
- Data as of
- 09/2023
- 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. As of 09/2023, Volusia County Council On Aging Living Gifts Foundation Inc employed 11 individuals. 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 09/2023, Volusia County Council On Aging Living Gifts Foundation Inc generated $566.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $639.4k during the year ending 09/2023. While expenses have increased by 14.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLELY AND DIRECTLY FURTHER THE MISSION, GOALS AND OBJECTIVES OF THE COUNCIL ON AGING OF VOLUSIA COUNTY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE COUNCIL ON AGING FOR VOLUSIA COUNTY, INC. (COA) FOR DONEE TAX-EXEMPT FUNCTION ACTIVITIES, INCLUDING MEALS ON WHEELS AND CONGREGATE DINING COST REIMBURSEMENTS.THE FOUNDATION ALSO PROVIDES SUPPORT TO COA THROUGH THE PROVISION OF LAND AND BUILDINGS. THE FOUNDATION RECEIVES FUNDS FROM THE COA TO COVER THE EXPENSES OF THESE ASSETS.
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 |
|---|---|---|---|
Bobby Thigpen Chairman | OfficerTrustee | 1 | $0 |
Dean G Pepe Vice Chair/treasurer As Of 3/2023 | OfficerTrustee | 1 | $0 |
Ben Eby Secretary | OfficerTrustee | 1 | $0 |
Nancy Lohman Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Joie Alexander Director | Trustee | 1 | $0 |
Jordan Jiloty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $433,268 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $433,268 |
| Total Program Service Revenue | $120,171 |
| Investment income | $53,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,607 |
| Net Income from Fundraising Events | -$23,963 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $463,585 |
| 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. | $34,172 |
| Compensation of current officers, directors, key employees. | $34,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,767 |
| Fees for services: Other | $336 |
| Advertising and promotion | $0 |
| Office expenses | $2,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,223 |
| Travel | $162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $531 |
| Interest | $33,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,643 |
| Insurance | $14,072 |
| All other expenses | $303 |
| Total functional expenses | $639,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,380 |
| Savings and temporary cash investments | $34,684 |
| 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 | $2,816 |
| Net Land, buildings, and equipment | $1,285,331 |
| Investments—publicly traded securities | $2,491,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,868,737 |
| Accounts payable and accrued expenses | $6,000 |
| Grants payable | $0 |
| Deferred revenue | $151,700 |
| 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 | $929,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,779 |
| Total liabilities | $1,100,514 |
| Net assets without donor restrictions | $1,650,314 |
| Net assets with donor restrictions | $1,117,909 |
| 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 | $3,868,737 |
Grants Awarded
Over the last fiscal year, Volusia County Council On Aging Living Gifts Foundation Inc has awarded $463,585 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON AGING OF VOLUSIA COUNTY INC PURPOSE: ANNUAL CONTRIBUTION | $409,410 |
COUNCIL ON AGING OF VOLUSIA COUNTY INC PURPOSE: DELAND FOOD PROGRAM | $54,175 |