Alzheimers Care And Research Center Foundation
- Assets
- $25.6m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 163
- Location
- San Antonio, TX
- Founding
- 01/1994
- Data as of
- 06/2021
- EIN
- 74-2680553
Organization Overview
Alzheimers Care And Research Center Foundation is located in San Antonio, TX. The organization was established in 1994. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Alzheimers Care And Research Center Foundation employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alzheimers Care And Research Center 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 06/2021, Alzheimers Care And Research Center Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 2.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALZHEIMER'S CARE & RESEARCH CENTER FOUNDATION IS DEDICATED TO QUALITY RETIREMENT LIVING WITH EMPHASIS ON INDIVIDUAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIR FORCE VILLAGES, INC, (DBA BLUE SKIES OF TEXAS (BST)) AND AFFILIATES IS A TEXAS NOT-FOR-PROFIT, CONTINUING-CARE RETIREMENT COMMUNITY (CCRC) PROVIDING SERVICES AND CARE FOR SENIORS THROUGHOUT THE FULL CONTINUUM INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, DEMENTIA CARE, NURSING, AND HOSPICE. THE ALZHEIMER'S CARE AND RESEARCH CENTER IS ORGANIZED TO SUPPORT AND PROMOTE RESEARCH INTO THE CAUSE OF ALZHEIMER'S DISEASE AND PROVIDES HOUSING, CARE, AND SERVICES FOR ELDERLY PERSONS WITH THE DISEASE IN FREEDOM HOUSE, A 72 UNIT MEMORY CARE FACILITY. ACRC ALSO OPERATES A HOSPICE AGENCY THAT PROVIDES SERVICES TO BST EAST, BST WEST, HSC, AND FREEDOM HOUSE.BLUE SKIES OF TEXAS AND ITS AFFILIATES SHARE A COMMON PAY MASTER FOR ITS EMPLOYEES. ALL PAYROLL RELATED EXPENSES ARE PAID FROM THE BST WEST ENTITY AND DISTRIBUTED TO EACH AFFILIATE, AS APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Rad Eanes III Vice Chair | OfficerTrustee | 2 | $0 |
Col Dr Len Profenna Chair | OfficerTrustee | 2 | $0 |
Gen Darrell Jones CEO | Officer | 2 | $0 |
Brian Englund CFO | Officer | 2 | $0 |
Alethea Knight Chief Health Services Officer | Officer | 2 | $0 |
Col Frederic Ryder COO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,422,820 |
| 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 | $3,422,820 |
| Total Program Service Revenue | $5,096,019 |
| 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 | $21,637 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,540,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $189,735 |
| 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 | $2,958,649 |
| Pension plan accruals and contributions | $20,334 |
| Other employee benefits | $338,952 |
| Payroll taxes | $214,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,398 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,468 |
| Fees for services: Other | $332,587 |
| Advertising and promotion | $127,577 |
| Office expenses | $577,240 |
| Information technology | $42,962 |
| Royalties | $0 |
| Occupancy | $556,108 |
| Travel | $104,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522,383 |
| Insurance | $157,436 |
| All other expenses | $0 |
| Total functional expenses | $5,742,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,864,550 |
| 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 | $114,841 |
| Net Land, buildings, and equipment | $12,592,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,572,163 |
| Accounts payable and accrued expenses | $274,226 |
| 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 | $100,783 |
| Total liabilities | $375,009 |
| Net assets without donor restrictions | $25,197,154 |
| 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 | $25,572,163 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alzheimers Care And Research Center Foundation has recieved totaling $47.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $6,514,433 |
| Earnings | $1,065,900 |
| Net Contributions | $9,495 |
| Other Expense | $446,836 |
| Ending Balance | $7,142,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seven Acres Jewish Senior Care Services Inc Houston, TX | $33,296,281 | $17,291,093 |
Lakeview Christian Home Of The Southwest Inc Carlsbad, NM | $42,033,708 | $17,045,837 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |
Sierra Health Care Inc Truth Or Consequences, NM | $7,172,173 | $15,373,901 |
Baptist Memorials Ministries Dallas, TX | $76,405,250 | $18,028,006 |
United Methodist Home Of Enid Inc Enid, OK | $6,879,064 | $13,679,398 |
S P J S T Rest Home Taylor, TX | $45,258,719 | $17,630,650 |
Wood-Lawn Inc Batesville, AR | $28,619,314 | $12,711,949 |
Los Alamos Retirement Community Inc Los Alamos, NM | $9,586,285 | $11,050,149 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
St Joseph Manor Bryan, TX | $14,734,053 | $6,915,192 |
Home For Aged Masons Arlington, TX | $126,219,550 | $9,760,970 |