Progressive Eldercare Services Morrilton INC FY2020 filing

Tax-deductible

Morrilton, AR501(c)(3)Human ServicesEIN 27-3042642

To facilitate compassionate health care with clinical quality and service excellence in a dignified and respectful "home" environment for elders who require long-term care services.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$50K 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

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $280K a year · 31% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $131K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
389% of total assets
Concern: liabilities are 389% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
Spent
$3.0M
To programs
97%
Net assets
−$1.2M
By yearFY2020–FY2024
Revenue
$3.7M
FY2020
Revenue by fiscal year
FY2020$3.7M
FY2021$747K
FY2022$484
FY2023$222K
FY2024−$81K
Expenses
$3.0M
FY2020
Expenses by fiscal year
FY2020$3.0M
FY2021$38K
FY2022$27K
FY2023$24K
FY2024$11K
Net assets
−$1.2M
FY2020
Net assets by fiscal year
FY2020−$1.2M
FY2021−$471K
FY2022−$498K
FY2023−$299K
FY2024−$392K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Mar 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.9M Management & general 3% · $105K

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

Who runs it and what they're paid

4 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$49,661Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Progressive Eldercare Services Morrilton INC 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 15aYes

Programs and updates

Provides compassionate, high-quality elder care in a dignified, home-like setting.

Provided by the organization

This section is blank until Progressive Eldercare Services Morrilton INC claims this page.

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1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2020.
01

The organization acts in concert with progressive eldercare services, inc. (pes, inc.) to form a network of nursing facilities to serve as locations for promoting, developing and administering "culture change", person-centered, long-term care for ill, infirm, medically disabled and elderly individuals.

$2.9Mprogram 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 · FY2020
Total grants receivedfrom 1 funder$131K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.5M
Gifts and grantsLn 1h$134K
Investment incomeLn 3$608
Money outPt IX
$3.0M
Ln 25
Programscol B$2.9M
Managementcol C$105K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$409K
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$608
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$160K
Other assetsLn 15$212K
Total assetsLn 16$409K
LiabilitiesLn 26$1.6M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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
LineStart FY20End FY20
Cash and savingsLn 1–2$219K$31K
Land, buildings, equipmentLn 10c$176K$160K
Total assetsLn 16$961K$409K
LiabilitiesLn 26$2.8M$1.6M
Net assetsLn 32−$1.8M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$50K$10K$40K
Other salaries and wagesLn 7$880K$880K
Other employee benefitsLn 9$65K$65K
Payroll taxesLn 10$229K$224K$5K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$561K$561K
Advertising and promotionLn 12$978$978
Office expensesLn 13$23K$23K
Information technologyLn 14$90K$81K$9K
OccupancyLn 16$392K$372K$20K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$16$16
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$154K$147K$6K
Other expenses (24a–d)Ln 24$452K$452K
All other expensesLn 24e$89K$89K
Total functional expensesLn 25$3.0M$2.9M$105K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$81K$11K−$92K−$392K 990 PDF
FY2023 $222K$24K$198K−$299K 990 PDF
FY2022 $484$27K−$27K−$498K 990 PDF
FY2021 $747K$38K$709K−$471K 990 PDF
FY2020 Viewing $3.7M$3.0M$614K−$1.2M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,658,678 across 6 lines filed
VIII-1d Related organizations$131,038
VIII-1f All other contributions, gifts and grants$3,000
VIII-1h Total contributions, gifts and grants$134,038
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,524,032$3,524,032
VIII-3 Investment incomeExcluded from tax $608$608
VIII-12 Total revenueRelated to mission $3,524,032 · Unrelated business $0 · Excluded from tax $608$3,658,678
Part IX · Statement of functional expenses $3,044,854 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $9,932 · Management $39,729$49,661
IX-7 Other salaries and wagesPrograms $879,834$879,834
IX-9 Other employee benefitsPrograms $65,178$65,178
IX-10 Payroll taxesPrograms $223,797 · Management $5,094$228,891
IX-11c Accounting feesManagement $25,600$25,600
IX-11g Other fees for servicesPrograms $560,869$560,869
IX-12 Advertising and promotionPrograms $978$978
IX-13 Office expensesPrograms $23,403$23,403
IX-14 Information technologyPrograms $80,938 · Management $8,993$89,931
IX-16 OccupancyPrograms $372,096 · Management $19,584$391,680
IX-17 TravelPrograms $1,235$1,235
IX-19 Conferences, conventions and meetingsPrograms $1,660$1,660
IX-20 InterestPrograms $16$16
IX-22 Depreciation, depletion and amortizationPrograms $30,714$30,714
IX-23 InsurancePrograms $147,057 · Management $6,447$153,504
IX-24 Other expenses (24a–d)Programs $452,328$452,328
IX-24e All other expensesPrograms $89,372$89,372
IX-25 Total functional expensesPrograms $2,939,407 · Management $105,447 · Fundraising $0$3,044,854
Part X · Balance sheet $408,698 assets, 12 lines filed
Asset lines not itemized here account for $5,086; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $218,553$31,462
X-4 Accounts receivableStart of year $193,067$0
X-9 Prepaid expenses and deferred chargesStart of year $7,963$0
X-10c Land, buildings and equipment, netStart of year $176,082$159,897
X-15 Other assetsStart of year $365,331$212,253
X-16 Total assetsStart of year $960,996$408,698
X-17 Accounts payable and accrued expensesStart of year $2,754,770$1,025,148
X-24 Unsecured notes and loans payableStart of year $0$563,500
X-26 Total liabilitiesStart of year $2,754,770$1,588,648
X-27 Net assets without donor restrictionsStart of year −$1,793,774−$1,179,950
X-32 Total net assets or fund balancesStart of year −$1,793,774−$1,179,950
X-33 Total liabilities and net assetsStart of year $960,996$408,698
Part XI · Reconciliation of net assets −$1,179,950 net assets at year end
XI-1 Total revenue$3,658,678
XI-2 Total expenses$3,044,854
XI-3 Revenue less expenses$613,824
XI-4 Net assets at start of year−$1,793,774
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,179,950

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

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