Fund for the Aged INC: FY2020 Nonprofit Profile & Form 990 (EIN 13-3603516)

Alyssa Herman’s $317K as Chief Development Officer is at the 98th 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Alyssa Herman	$317,140	$324,551	$291,181	$301,399	$293,420
Tamar Major	$120,129	$244,210	$214,203	$209,365	$205,933
Tamara Thompson	$150,537	$146,226	$142,079	$133,166	—
Lauren Heger Leibowitz	—	—	—	$132,112	$115,475
Eve Marsan	—	—	$109,599	$131,561	$101,237
Leah Burke	—	—	—	—	$113,256

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

Empowers older adults with innovative health services to improve purpose and well-being.

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1 program · $8.7M · in their own filed words · FY2020

01

The foundation creates meaningful philanthropic partnerships with individual donors, foundations, corporations, and agencies. Donations fund a wide array of programs including but not limited to palliative care, volunteer support, intergenerational youth programs, technology initiatives, dinning assistance, and religious life programming.

$8.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Penn Oberlander Family FoundationFY2025$18K

The Ayco Charitable FoundationFY2025$10K

Total grants receivedfrom 2 funders$28K

Grants paid · 23 grants · $28.8M · 2020–2023

Jewish Home Lifecare ManhattanNY · FY2023$6,680,917

Jewish Home Lifecare Sarah Neuman Center WestchesterNY · FY2023$1,185,815

Jewish Home Lifecare Harry and Jeanette Weinberg Campus BronxNY · FY2023$715,766

Jewish Home Lifecare Spectrum Services INCFY2023$433,899

Kittay House Jewish Home Lifecare INCNY · FY2023$85,000

Jewish Home Lifecare University Avenue Assisted Living INCNY · FY2023$20,578

Jewish Home Lifecare ManhattanNY · FY2022$5,381,475

Jewish Home Lifecare Sarah Neuman Center WestchesterNY · FY2022$1,158,880

Kittay House Jewish Home Lifecare INCNY · FY2022$159,591

Jewish Home Lifecare Harry and Jeanette Weinberg Campus BronxNY · FY2022$123,971

Jewish Home Lifecare University Avenue Assisted Living INCNY · FY2022$20,029

Jewish Home Lifecare ManhattanNY · FY2021$2,075,027

Jewish Home Lifecare Harry and Jeanette Weinberg Campus BronxNY · FY2021$1,032,671

Jewish Home Lifecare Sarah Neuman Center WestchesterNY · FY2021$821,769

Kittay House Jewish Home Lifecare INCNY · FY2021$284,160

Jewish Home Lifecare University Avenue Assisted Living INCNY · FY2021$21,162

Jewish Home Lifecare ManhattanNY · FY2020$3,775,947

Jewish Home Lifecare Harry and Jeanette Weinberg Campus BronxNY · FY2020$2,786,500

See all 23 grants →

By the numbers

The FY2020 990, line by line.

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1The main four

Money inPt VIII

$9.0M

Ln 12

Investment incomeLn 3$4.8M

Gifts and grantsLn 1h$4.4M

Money outPt IX

$12.5M

Ln 25

Programscol B$8.7M

Managementcol C$687K

Fundraisingcol D$3.1M

Owns and owesPt X

$107.6M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$109.9M

LiabilitiesLn 26$2.3M

PeoplePt VI, VII

13

listed · VII A

PaidVII A5

Voting boardVI 1a7

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.4M

Noncash giftsLn 1g$222K

Fundraising eventsLn 1c$1.1M

Investment incomeLn 3$4.8M

Gains on assetsLn 7$4.0M

Total revenueLn 12$9.0M

Assets in detailPt X, end of year

CashLn 1$397K

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$2.1M

InvestmentsLn 11–13$105.4M

Land, buildings, equipmentLn 10c$526K

Other assetsLn 15$202K

Total assetsLn 16$109.9M

LiabilitiesLn 26$2.3M

Net assetsLn 32$107.6M

OperationsPt I, VI

EmployeesI 515

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$3.7M	$2.1M
InvestmentsLn 11–13	$102.2M	$105.4M
Land, buildings, equipmentLn 10c	$519K	$526K
Total assetsLn 16	$109.6M	$109.9M
LiabilitiesLn 26	$3.0M	$2.3M
Net assetsLn 32	$106.7M	$107.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$8.7M	$8.7M
Other salaries and wagesLn 7	$1.2M			$1.2M
Pension plan contributionsLn 8	$57K			$57K
Other employee benefitsLn 9	$137K			$137K
Payroll taxesLn 10	$135K			$135K
Management feesLn 11a	$54K			$54K
Legal feesLn 11b	$7K			$7K
Investment management feesLn 11f	$336K		$336K
Other fees for servicesLn 11g	$234K			$234K
Advertising and promotionLn 12	$32K			$32K
Office expensesLn 13	$22K			$22K
OccupancyLn 16	$96K			$96K
TravelLn 17	$4K			$4K
Conferences, conventions and meetingsLn 19	$155			$155
Depreciation, depletion and amortizationLn 22	$7K			$7K
Other expenses (24a–d)Ln 24	$1.5M		$351K	$1.2M
Total functional expensesLn 25	$12.5M	$8.7M	$687K	$3.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$7.3M	$7.8M	−$561K	$94.9M	990 PDF
FY2023	$6.0M	$11.0M	−$5.0M	$94.1M	990 PDF
FY2022	$5.1M	$9.7M	−$4.6M	$96.3M	990 PDF
FY2021	$9.3M	$6.2M	$3.1M	$111.8M	990 PDF
FY2020 Viewing	$9.0M	$12.5M	−$3.6M	$107.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $8,972,478 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,485,588$4,404,954

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $6,369,838$4,784,620

I-11 Other revenuePrior year −$55,601−$217,096

I-12 Total revenuePrior year $8,799,825$8,972,478

I-13 Grants and similar amounts paidPrior year $23,759,630$8,747,667

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,452,249$1,484,628

I-16a Professional fundraising feesPrior year $88,804$0

I-17 Other expensesPrior year $1,177,289$2,303,261

I-18 Total expensesPrior year $26,477,972$12,535,556

I-19 Revenue less expensesPrior year −$17,678,147−$3,563,078

Part VI · Governance 5 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $8,972,478 across 8 lines filed

VIII-1c Fundraising events$1,056,312

VIII-1f All other contributions, gifts and grants$3,348,642

VIII-1g Noncash contributions (included above)$222,097

VIII-1h Total contributions, gifts and grants$4,404,954

VIII-3 Investment incomeExcluded from tax $811,050$811,050

VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,973,570$3,973,570

VIII-8 Net income from fundraising eventsExcluded from tax −$217,096−$217,096

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,567,524$8,972,478

Part IX · Statement of functional expenses $12,535,556 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $8,747,667$8,747,667

IX-7 Other salaries and wagesFundraising $1,155,050$1,155,050

IX-8 Pension plan contributionsFundraising $56,961$56,961

IX-9 Other employee benefitsFundraising $137,143$137,143

IX-10 Payroll taxesFundraising $135,474$135,474

IX-11a Management feesFundraising $54,258$54,258

IX-11b Legal feesFundraising $7,228$7,228

IX-11f Investment management feesManagement $336,427$336,427

IX-11g Other fees for servicesFundraising $234,398$234,398

IX-12 Advertising and promotionFundraising $31,984$31,984

IX-13 Office expensesFundraising $21,728$21,728

IX-16 OccupancyFundraising $95,534$95,534

IX-17 TravelFundraising $4,427$4,427

IX-19 Conferences, conventions and meetingsFundraising $155$155

IX-22 Depreciation, depletion and amortizationFundraising $7,478$7,478

IX-24 Other expenses (24a–d)Management $350,990 · Fundraising $1,158,654$1,509,644

IX-25 Total functional expensesPrograms $8,747,667 · Management $687,417 · Fundraising $3,100,472$12,535,556

Part X · Balance sheet $109,939,296 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $988,517$396,784

X-2 Savings and temporary cash investmentsStart of year $2,730,386$1,707,541

X-3 Pledges and grants receivableStart of year $2,799,235$1,705,570

X-4 Accounts receivableStart of year $59,041$22,493

X-9 Prepaid expenses and deferred chargesStart of year $60,000$8,746

X-10c Land, buildings and equipment, netStart of year $519,341$525,597

X-11 Publicly traded securitiesStart of year $61,202,156$60,571,917

X-12 Other securitiesStart of year $40,958,029$44,798,848

X-15 Other assetsStart of year $321,524$201,800

X-16 Total assetsStart of year $109,638,229$109,939,296

X-17 Accounts payable and accrued expensesStart of year $172,065$186,184

X-19 Deferred revenueStart of year $50,500$15,000

X-25 Other liabilitiesStart of year $2,760,299$2,101,626

X-26 Total liabilitiesStart of year $2,982,864$2,302,810

X-27 Net assets without donor restrictionsStart of year $68,329,725$67,306,226

X-28 Net assets with donor restrictionsStart of year $38,325,640$40,330,260

X-32 Total net assets or fund balancesStart of year $106,655,365$107,636,486

X-33 Total liabilities and net assetsStart of year $109,638,229$109,939,296

Part XI · Reconciliation of net assets $107,636,486 net assets at year end

XI-1 Total revenue$8,972,478

XI-2 Total expenses$12,535,556

XI-3 Revenue less expenses−$3,563,078

XI-4 Net assets at start of year$106,655,365

XI-5 Net unrealized gains (losses) on investments$4,544,199

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$107,636,486

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Fund for the Aged INC FY2020 filing

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