Aging Well INC FY2022 filing

Tax-deductible

Woonsocket, RI501(c)(3)Human ServicesEIN 05-0355098

The mission of aging well, INC. Is to promote healthy aging through programs, services and resources to enhance and enrich the lives of adults age fifty-five and older and adults with disabilities throughout the communities we serve

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $91K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $37K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$69K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$851K
-18% vs prior year
Spent
$865K
To programs
89%
Net assets
$313K
By yearFY2020–FY2024
Revenue
$851K
FY2022▼ -18%
Revenue by fiscal year
FY2020$814K
FY2021$1.0M
FY2022$851K
FY2023$896K
FY2024$1.2M
Expenses
$865K
FY2022-0.08%
Expenses by fiscal year
FY2020$837K
FY2021$866K
FY2022$865K
FY2023$923K
FY2024$841K
Net assets
$313K
FY2022▼ -4%
Net assets by fiscal year
FY2020$156K
FY2021$328K
FY2022$313K
FY2023$286K
FY2024$633K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $771K Management & general 11% · $94K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$79,731Pt VII · Sec A
Finance Director
$60,054Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

David Webster’s $52K as Finance Director is at the 5th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barbara Waterman—$87,022$79,731$61,883$73,717
Linda Paul—$65,215$60,054$43,862$56,277
David Webster$52,155————
Ryan Macleod$47,692————
Barbara Waterman Retired 2024$37,657————
Linda Paul Retired 2024$28,192————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes healthy aging with programs, services, and resources for adults 55+ and those with disabilities.

Provided by the organization

This section is blank until Aging Well INC claims this page.

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3 program services account for $659K of program spending, described in the organization's own filed words · FY2022.
01

Nutrition Services

Provides older persons with nutritional meals, appropriate nutritional education, and other nutritional services.

$320Kprogram expense
02

Adult Day Care

Provides elderly day care

$255Kprogram expense
03

Support Services

Provides information and referral and wellness program

$84Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$851K
Ln 12
Gifts and grantsLn 1h$721K
Fees for servicesLn 2g$112K
Other incomeLn 4–11$18K
Money outPt IX
$865K
Ln 25
Programscol B$771K
Managementcol C$94K
Owns and owesPt X
$313K
net assets · Ln 32
Cash and savingsLn 1–2$212K
Total assetsLn 16$382K
LiabilitiesLn 26$69K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$721K
Government grantsLn 1e$720K
Fees for servicesLn 2g$112K
Other incomeLn 4–11$18K
Total revenueLn 12$851K
Assets in detailPt X, end of year
CashLn 1$212K
Cash and savings togetherLn 1–2$212K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$382K
LiabilitiesLn 26$69K
Net assetsLn 32$313K
OperationsPt I, VI
EmployeesI 521
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$257K$212K
Land, buildings, equipmentLn 10c$9K$5K
Total assetsLn 16$392K$382K
LiabilitiesLn 26$64K$69K
Net assetsLn 32$328K$313K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$496K$461K$35K
Other employee benefitsLn 9$48K$41K$6K
Payroll taxesLn 10$49K$46K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$15K$6K$9K
Other expenses (24a–d)Ln 24$245K$205K$39K
All other expensesLn 24e$9K$7K$2K
Total functional expensesLn 25$865K$771K$94K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$841K$347K$633K 990 PDF
FY2023 $896K$923K−$27K$286K 990 PDF
FY2022 Viewing $851K$865K−$14K$313K 990 PDF
FY2021 $1.0M$866K$172K$328K 990 PDF
FY2020 $814K$837K−$23K$156K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $850,571 across 6 lines filed
Lines not itemized here account for $200 of total revenue; see the IRS return.
VIII-1e Government grants$719,654
VIII-1f All other contributions, gifts and grants$1,524
VIII-1h Total contributions, gifts and grants$721,178
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,572$111,572
VIII-8 Net income from fundraising eventsExcluded from tax $17,621$17,621
VIII-12 Total revenueRelated to mission $111,772 · Unrelated business $0 · Excluded from tax $17,621$850,571
Part IX · Statement of functional expenses $864,941 across 7 lines filed
IX-7 Other salaries and wagesPrograms $460,943 · Management $34,910$495,853
IX-9 Other employee benefitsPrograms $41,206 · Management $6,342$47,548
IX-10 Payroll taxesPrograms $45,760 · Management $3,172$48,932
IX-22 Depreciation, depletion and amortizationPrograms $4,373$4,373
IX-23 InsurancePrograms $6,094 · Management $9,019$15,113
IX-24 Other expenses (24a–d)Programs $205,353 · Management $39,189$244,542
IX-24e All other expensesPrograms $6,905 · Management $1,675$8,580
IX-25 Total functional expensesPrograms $770,634 · Management $94,307 · Fundraising $0$864,941
Part X · Balance sheet $382,144 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $257,326$211,742
X-4 Accounts receivableStart of year $110,632$150,871
X-8 Inventories for sale or useStart of year $316$0
X-9 Prepaid expenses and deferred chargesStart of year $14,310$14,774
X-10c Land, buildings and equipment, netStart of year $9,129$4,757
X-16 Total assetsStart of year $391,713$382,144
X-17 Accounts payable and accrued expensesStart of year $63,528$66,829
X-19 Deferred revenue$1,500
X-25 Other liabilitiesStart of year $450$450
X-26 Total liabilitiesStart of year $63,978$68,779
X-27 Net assets without donor restrictionsStart of year $327,735$313,365
X-32 Total net assets or fund balancesStart of year $327,735$313,365
X-33 Total liabilities and net assetsStart of year $391,713$382,144
Part XI · Reconciliation of net assets $313,365 net assets at year end
XI-1 Total revenue$850,571
XI-2 Total expenses$864,941
XI-3 Revenue less expenses−$14,370
XI-4 Net assets at start of year$327,735
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$313,365

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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