Buchanan Area Senior Center
- Assets
- $1.8m
- Revenue
- $477.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Buchanan, MI
- Founding
- 02/2003
- Data as of
- 09/2023
- EIN
- 73-1658966
Organization Overview
Buchanan Area Senior Center is located in Buchanan, MI. The organization was established in 2003. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Buchanan Area Senior Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buchanan Area Senior Center 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, Buchanan Area Senior Center generated $477.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $471.4k during the year ending 09/2023. While expenses have increased by 5.5% 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 PROMOTE PHYSICAL, SOCIAL, AND MENTAL WELL-BEING TO SENIOR CITIZENS IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SOCIAL, EDUCATIONAL, AND RECREATIONAL SERVICES, ALONG WITH A COMMUNITY FOR INVOLVEMENT TO CITIZENS IN THE COMMUNITY OF BUCHANAN, MICHIGAN AND ITS SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josetta Bibbs Director | Trustee | 1 | $0 |
Alma Jeanne Harris President | OfficerTrustee | 1 | $0 |
Deborah Hendrix Secretary | OfficerTrustee | 1 | $0 |
Tony Houser Director | Trustee | 1 | $0 |
Shirley Monroe Lemay Director | Trustee | 1 | $0 |
Richard E Martin Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,311 |
| Noncash contributions included in lines 1a–1f | $7,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,976 |
| Total Program Service Revenue | $14,615 |
| Investment income | $3,814 |
| 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 | $477,405 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,113 |
| Pension plan accruals and contributions | $26,081 |
| Other employee benefits | $27,568 |
| Payroll taxes | $13,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $763 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,302 |
| Advertising and promotion | $2,969 |
| Office expenses | $7,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,995 |
| Insurance | $6,521 |
| All other expenses | $9,889 |
| Total functional expenses | $471,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,197 |
| Savings and temporary cash investments | $77,964 |
| Pledges and grants receivable | $1,214 |
| 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 | $18,175 |
| Net Land, buildings, and equipment | $988,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,915 |
| Other assets | $23,868 |
| Total assets | $1,755,808 |
| Accounts payable and accrued expenses | $33,650 |
| 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 | $163,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,599 |
| Total liabilities | $207,179 |
| Net assets without donor restrictions | $1,520,211 |
| Net assets with donor restrictions | $28,418 |
| 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 | $1,755,808 |