Eldersource INC.'s primary purpose is to provide guidance and oversight to affiliated 501(c)(3) entities whose primary purpose is to raise funds and provide services that will improve the lives of elders and their caregivers.

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
0 of 5
filings with a surplus
Average deficit $129K a year · 109% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0.2%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $145K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$234K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+119% vs prior year
Spent
$192K
To programs
0.2%
Net assets
$754K
By yearFY2020–FY2024
Revenue
$74K
FY2021▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$74K
FY2022$136K
FY2023$50K
FY2024$297K
Expenses
$192K
FY2021▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2020$110K
FY2021$192K
FY2022$246K
FY2023$253K
FY2024$434K
Net assets
$754K
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$672K
FY2021$754K
FY2022$643K
FY2023$440K
FY2024$370K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Oct 2010.

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

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $431 Management & general 100% · $191K Fundraising 0% · $367

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eldersource executive salaries →

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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

Guides and oversees groups raising funds and providing elder and caregiver support services.

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Provided by the organization

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1 program · $431 · in their own filed words · FY2021
01

No program services in current year

$431program expense

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 · FY2024
Total grants receivedfrom 2 funders$145K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Gifts and grantsLn 1h$86K
Investment incomeLn 3$42
Money outPt IX
$192K
Ln 25
Programscol B$431
Managementcol C$191K
Fundraisingcol D$367
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$225K
Total assetsLn 16$988K
LiabilitiesLn 26$234K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Government grantsLn 1e$39K
Fundraising eventsLn 1c$30K
Investment incomeLn 3$42
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$225K
Cash and savings togetherLn 1–2$225K
Other assetsLn 15$747K
Total assetsLn 16$988K
LiabilitiesLn 26$234K
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY21End FY21
Cash and savingsLn 1–2$127K$225K
Total assetsLn 16$675K$988K
LiabilitiesLn 26$3K$234K
Net assetsLn 32$672K$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$81K$81K$367
Office expensesLn 13$149$149
TravelLn 17$293$293
Other expenses (24a–d)Ln 24$109K$431$109K
Total functional expensesLn 25$192K$431$191K$367

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $297K$434K−$137K$370K 990 PDF
FY2023 $50K$253K−$203K$440K 990 PDF
FY2022 $136K$246K−$111K$643K 990 PDF
FY2021 Viewing $74K$192K−$118K$754K 990 PDF
FY2020 $34K$110K−$76K$672K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $73,609 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,646$86,180
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$42
I-11 Other revenuePrior year −$5,011−$12,613
I-12 Total revenuePrior year $33,635$73,609
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,715$192,077
I-18 Total expensesPrior year $109,715$192,077
I-19 Revenue less expensesPrior year −$76,080−$118,468
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $73,609 across 7 lines filed
VIII-1c Fundraising events$29,696
VIII-1e Government grants$38,710
VIII-1f All other contributions, gifts and grants$17,774
VIII-1h Total contributions, gifts and grants$86,180
VIII-3 Investment incomeExcluded from tax $42$42
VIII-8 Net income from fundraising eventsExcluded from tax −$12,613−$12,613
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$12,571$73,609
Part IX · Statement of functional expenses $192,077 across 5 lines filed
IX-11c Accounting feesManagement $1,100$1,100
IX-11g Other fees for servicesManagement $81,097 · Fundraising $367$81,464
IX-13 Office expensesManagement $149$149
IX-17 TravelManagement $293$293
IX-24 Other expenses (24a–d)Programs $431 · Management $108,640$109,071
IX-25 Total functional expensesPrograms $431 · Management $191,279 · Fundraising $367$192,077
Part X · Balance sheet $988,229 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $126,945$224,769
X-4 Accounts receivableStart of year $1,100$16,246
X-15 Other assetsStart of year $547,214$747,214
X-16 Total assetsStart of year $675,259$988,229
X-17 Accounts payable and accrued expensesStart of year $1,200$46,210
X-19 Deferred revenue$88,290
X-25 Other liabilitiesStart of year $1,802$99,940
X-26 Total liabilitiesStart of year $3,002$234,440
X-27 Net assets without donor restrictionsStart of year $672,257$753,789
X-32 Total net assets or fund balancesStart of year $672,257$753,789
X-33 Total liabilities and net assetsStart of year $675,259$988,229
Part XI · Reconciliation of net assets $753,789 net assets at year end
XI-1 Total revenue$73,609
XI-2 Total expenses$192,077
XI-3 Revenue less expenses−$118,468
XI-4 Net assets at start of year$672,257
XI-9 Other changes in net assets$200,000
XI-10 Net assets at end of year$753,789

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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