Eldercircle EIN 41-1994691

Eldercircle FY2022 filing

EIN  41-1994691 Public charity (501(c)(3)) Grand Rapids, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps older adults stay home longer by offering services and resources for active, independent living.
Leadership
Renee Bymark · Executive Di · $74K
Money in and out
$864K revenue, $989K expenses
Bottom line
80% program efficiency

Helps older adults stay home longer by offering services and resources for active, independent living. For fiscal year 2022 it reported $864K in revenue, $989K in expenses, and $578K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$578K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$125K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program efficiency
80%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$864K
FY2022▼ -1%
Expenses
$989K
FY2022▲ +25%
Total assets
$737K
FY2022▼ -6%
Total liabilities
$160K
FY2022▲ +97%
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$578K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$125K
Total assetsPt X · Ln 16$737K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $433K of program spending, described in the organization's own filed words · FY2022.
01

In-home care & respite eldercircle is a licensed provider that provides a personalized assistance taht helps maintain and support healthy independent aging in the home and community. Older adults can enjoy their day-to-day activities safely and confidently with a little extra hand from a trained in-home care companion.

$204Kprogram expense
02

Volunteer Services

RSVP connects adults seeking meaningful volunteer opportunities with more than 40 nonprofits who are seeking volunteers to complete a project that fulfills their mission. The volunteer's skills, interests, experience and availability ar matched with the positions that area nonprofits and agencies are seeking to fill.

$145Kprogram expense
03

Adult day stay through a supportive service system this program assists people experiencing isolation due to physical and social demands. Adult day service provides participants with meaningful connection, a sense of belonging and an enhanced quality of life in a community setting that provides support, recreation and essential health…

$84Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEldercircle
EINHdr · item D41-1994691
Principal addressHdr · item CGrand Rapids, MN
WebsiteHdr · item Jwww.eldercircle.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81)
Ruling yearIRS BMFMay 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$74,481Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amy Yost’s $46K as Executive Di is at the 33rd percentile of top reported officer pay among 2165 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Renee Bymark$74,481$66,034$74,812
Trisha Zimmerman$56,308
Amy Yost$45,771

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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Statement of Revenue

Part VIII
Contributions & grants$647K · 75%
Program service revenue$182K · 21%
Other revenue$35K · 4%
Contributions & grants75%$647K
Program service revenue21%$182K
Other revenue4%$35K
— government grantsLn 1e$360K
Total revenueLn 12$864K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program services80%$788K
Management & general16%$154K
Fundraising5%$46K
Total functional expensesLn 25$989K

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$737K
Total liabilitiesLn 26$160K
Total net assetsLn 32$578K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $431K · Operating expenses/yr $989K
5.2 months
Where the money goes
Program services
Program services $788K · Total expenses $989K
80%
Management & General
Management & general $154K · Total expenses $989K
16%
Fundraising
Fundraising $46K · Total expenses $989K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $364K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $647K · Total revenue $864K
75%
Government reliance
Government grants $360K · Total revenue $864K
42%
Earned-income share
Program service revenue $182K · Total revenue $864K
21%
Investment reliance
Investment income $-3K · Total revenue $864K
0%
Program self-sufficiency
Program service revenue $182K · Total expenses $989K
18%
Growth & trend
Revenue growth (YoY)
This year $864K · Prior year $872K
-1%
Net-asset trend (YoY)
End of year $578K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $864K · Expenses $989K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $737K
Net-asset ratio
Net assets $578K · Total assets $737K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $353K · Total assets (Pt X, ln 16) $737K
48%
People & payroll
Highest Reported Total Compensation
Individual Renee Bymark · Reported title EXECUTIVE DI · Highest reported compensation $74K · Total expenses $989K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $621K · Total expenses $989K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 16%
Fundraising cost ratio 7%
Revenue growth -1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$49K
Grants paid · 5 grants · $167K · 2020–2024
Unitemized GrantFY2024$31,120
Unitemized GrantFY2023$37,210
Unitemized GrantFY2022$40,805
Unitemized GrantFY2021$27,050
Unitemized GrantFY2020$30,445

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$814K revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$864K revenue · viewing · ⤓ 990 PDF
FY2021$872K revenue · ⤓ 990 PDF
FY2020$892K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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