Sterling Area Senior Citizens
- Assets
- $2.9m
- Revenue
- $445.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Sterling, AK
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 94-3100045
Organization Overview
Sterling Area Senior Citizens is located in Sterling, AK. The organization was established in 1989. 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 06/2022, Sterling Area Senior Citizens employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Area Senior Citizens 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 06/2022, Sterling Area Senior Citizens generated $445.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $580.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST AREA SENIOR CITIZENS WITH FOOD, SHELTER, TRANSPORTATION
Describe the Organization's Program Activity:
TO PROVIDE MEALS, TRANSPORTATION, LODGING AND ENTERTAINMENT AS WELL AS OTHER ACTIVITIES TO THE SENIOR CITIZENS IN AND AROUND THE STERLING ALASKA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Lundell Executive Dir. | OfficerTrustee | 40 | $45,000 |
Dale Lundell President | OfficerTrustee | 5 | $0 |
Sandie Swank Director | Trustee | 5 | $0 |
Sandra Clark-Bailey Secretary | OfficerTrustee | 5 | $0 |
Beverly Koenig-Jones Director | Trustee | 5 | $0 |
Susan Gilbertson Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $71 |
| Membership dues | $2,912 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,602 |
| Total Program Service Revenue | $247,777 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,885 |
| Net Income from Gaming Activities | $28,424 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,435 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,034 |
| Advertising and promotion | $213 |
| Office expenses | $8,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,626 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,003 |
| Insurance | $34,183 |
| All other expenses | $2,739 |
| Total functional expenses | $580,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,598 |
| Savings and temporary cash investments | $55,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,801,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,959 |
| Total assets | $2,937,279 |
| Accounts payable and accrued expenses | $6,043 |
| Grants payable | $0 |
| Deferred revenue | $1,103 |
| 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 | $1,002,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,250 |
| Total liabilities | $1,026,516 |
| Net assets without donor restrictions | $1,910,763 |
| 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 | $2,937,279 |