Fellowship Foundation Inc
- Assets
- $3.3m
- Revenue
- $840.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Basking Ridge, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 84-2975643
Organization Overview
Fellowship Foundation Inc is located in Basking Ridge, NJ. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Fellowship Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fellowship 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 12/2021, Fellowship Foundation Inc generated $840.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $361.0k during the year ending 12/2021. 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
TO PROVIDE PHILANTHROPIC SUPPORT AND TO BENEFIT FELLOWSHIP SENIOR LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ITS PHILANTHROPIC INITIATIVES, FELLOWSHIP SENIOR LIVING (FSL) CREATED THE FELLOWSHIP FOUNDATION ON JULY 16, 2019. FELLOWSHIP SENIOR LIVING IS THE SOLE MEMBER OF THE FOUNDATION. THE FORMATION OF THE FOUNDATION PROVIDES GREATER OPPORTUNITIES TO RAISE FUNDS TO SUPPORT FELLOWSHIP SENIOR LIVING BY ENHANCING PROGRAMS AND SERVICES AND UPGRADING AND EXPANDING THEIR PHYSICAL CAPABILITIES AND CAMPUS. WE ALSO RAISE FUNDS TO SUPPORT BENEVOLENT CARE AND TEAM MEMBER EDUCATION AND EMERGENCIES.THROUGH A NUMBER OF DIFFERENT INITIATIVES, WE RAISE FUNDS FOR THE FOUNDATION TO DISPERSE TO FSL PROJECTS AND PROGRAMS. CURRENT INITIATIVES INCLUDE THE ANNUAL GALA, INDIVIDUAL DONATIONS (ANNUAL APPEAL), CORPORATE MATCHING GIFTS, PLEDGES, A CAR DONATION PROGRAM, MEMORIAL DONATIONS, BEQUESTS, NAMING OPPORTUNITIES, AND MEMBERSHIP IN THE MAIN STAGE SOCIETY. FELLOWSHIP FOUNDATION RAISES FUNDS TO SUPPORT THE FELLOWSHIP VILLAGE COMMUNITY, AS WELL AS HOME AND COMMUNITY BASED SERVICES. THESE SERVICES ARE OFFERED TO SENIORS THROUGHOUT NEW JERSEY AND INCLUDE HOME-HEALTH SERVICES, HOSPICE, FELLOWSHIP FREEDOM PLANS AND PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES BOTH ON AND OFF CAMPUS. FELLOWSHIP VILLAGE IS HOME TO OVER 400 RESIDENTS ENJOYING LIFESTYLES FROM SINGLE FAMILY INDEPENDENT LIVING HOMES, VILLAS AND APARTMENTS TO ASSISTED LIVING, SKILLED NURSING AND MEMORY CARE HOMES. THE LIFE PLAN COMMUNITY (ALSO KNOWN AS CCRC) OFFERS A FULL COMPLEMENT OF LIFESTYLE ENHANCEMENTS, IN ADDITION TO FIVE-STAR DINING. THE ADDITION OF A NEW CULTURAL ARTS CENTER FEATURING A STATE-OF-THE-ART-THEATER, UPSCALE BAR & LOUNGE WITH ALFRESCO DINING, EXPANDED MEDICAL CENTER AND SPA AND FITNESS CENTER WILL ENSURE FELLOWSHIP VILLAGE REMAINS A LEADER IN SENIOR LIVING. THESE PROJECTS ARE SUPPORTED IN PART THROUGH THE SUPPORT OF THE FELLOWSHIP FOUNDATION.MOST RECENTLY, THE FOUNDATION DISPERSED $42,562 TO FELLOWSHIP SENIOR LIVING TO SUPPORT THE HEALTHCARE HEROES PROGRAM; A CAMPAIGN WHICH RAISED FUNDS TO OFFSET THE COSTS FELLOWSHIP INCURRED IN ORDER TO PURCHASE ESSENTIAL PROTECTIVE EQUIPMENT AND PROVIDE HAZARD PAY FOR FRONT LINE TEAM MEMBERS DURING THE RECENT PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian G Lawrence Director, President & CEO | OfficerTrustee | 1 | $0 |
Dr Judith Pasnik Chair | OfficerTrustee | 1 | $0 |
Deborah Cmielewski Vice Chair | OfficerTrustee | 1 | $0 |
Jon Klippel Treasurer | OfficerTrustee | 1 | $0 |
Nancy Alfano Secretary | OfficerTrustee | 1 | $0 |
Julie Schuldner Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $146,614 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,474 |
| Noncash contributions included in lines 1a–1f | $52,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,088 |
| Total Program Service Revenue | $0 |
| Investment income | $79,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $840,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,562 |
| 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 | $160,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,715 |
| 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 | $3,341 |
| Fees for services: Other | $22,554 |
| Advertising and promotion | $2,613 |
| Office expenses | $113,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,034 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $361,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,731 |
| Savings and temporary cash investments | $35,975 |
| Pledges and grants receivable | $838,706 |
| 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 | $3,993 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,447,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,328,738 |
| Accounts payable and accrued expenses | $19,000 |
| 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 | $17,443 |
| Total liabilities | $36,443 |
| Net assets without donor restrictions | $282,607 |
| Net assets with donor restrictions | $3,009,688 |
| 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 | $3,328,738 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fellowship Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Arison Family Foundation Basking Ridge, NJ PURPOSE: GENERAL CONTRIBUTION | $100 |
Endowment Analysis
| Beg. Balance | $2,595,178 |
| Earnings | $269,718 |
| Net Contributions | $785,088 |
| Other Expense | $357,689 |
| Ending Balance | $3,292,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
Concordia Lutheran Health And Human Care Cabot, PA | $105,474,184 | $66,315,819 |
Institute For Senior Living Of Florida Inc Bala Cynwyd, PA | $18,781,987 | $50,054,226 |
Inglis House Philadelphia, PA | $75,791,882 | $38,126,142 |
Luthercare Lititz, PA | $103,108,223 | $50,559,126 |
Brethren Village Lititz, PA | $191,047,452 | $50,111,596 |