Everyage EIN 56-6056582

Everyage

EIN  56-6056582 Public charity (501(c)(3)) Newton, NC Founded 1961
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Offers vibrant senior living and diverse programs for Christian adults.
Leadership
Lee Syria · President and CEO · $493K
Money in and out
$57.3M revenue, $52.9M expenses
Bottom line
71% program efficiency

Offers vibrant senior living and diverse programs for Christian adults. For fiscal year 2024 it reported $57.3M in revenue, $52.9M in expenses, and $58.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$57.3M
Pt VIII · Ln 12
Total expenses
$52.9M
Pt IX · Ln 25
Net assets
$58.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.3M
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
17.4mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$57.3M
FY2024▲ +4%
Expenses
$52.9M
FY2024▲ +6%
Total assets
$181.9M
FY2024▲ +2%
Total liabilities
$123.9M
FY2024▼ -5%
Total revenue
$57.3M
Pt VIII · Ln 12
Total expenses
$52.9M
Pt IX · Ln 25
Net assets
$58.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.3M
Total assetsPt X · Ln 16$181.9M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $37.4M of program spending, described in the organization's own filed words · FY2023.
01

Everyage owns and operates continuing care retirement communities in newton ("abernethy laurels") and thomasville ("piedmont crossing"), north carolina, consisting of residential living units, assisted living units, and nursing facilities providing adult care and intermediate and skilled nursing CARE.DURING fiscal year 2023, everyage…

$37.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEveryage
EINHdr · item D56-6056582
Principal addressHdr · item CNewton, NC
WebsiteHdr · item Jwww.everyage.org
Year of formationHdr · item L1961
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P750)
Ruling yearIRS BMFNov 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$492,511Pt VII · Sec A
$331,339Pt VII · Sec A
Chief HR Officer
$255,414Pt VII · Sec A
Chief Quality & Compliance Officer
$236,699Pt VII · Sec A
Executive Director
$229,054Pt VII · Sec A
Director of Information Technology
$221,348Pt VII · Sec A
$214,891Pt VII · Sec A
Chief Marketing Officer
$210,833Pt VII · Sec A

Lee Syria’s $493K as President and CEO is at the 95th percentile of top reported officer pay among 3123 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lee Syria$492,511$438,561
Lee B Syria$403,114$352,106$303,673
Aimee Reimann$331,339$316,511
Aimee N Reimann$296,644$248,469$213,379
John White$244,552$256,451$131,874
Cathy Cooper$255,414$253,551
Gary W Shull$228,006$241,773
Michelle Roseman$236,699$232,062

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
Program service revenue$49.3M · 86%
Other revenue$4.0M · 7%
Investment income$3.6M · 6%
Contributions & grants$420K · 1%
Program service revenue86%$49.3M
Other revenue7%$4.0M
Investment income6%$3.6M
Contributions & grants1%$420K
Total revenueLn 12$57.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$37.4M
Management & general29%$15.6M
Total functional expensesLn 25$52.9M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$181.9M
Total liabilitiesLn 26$123.9M
Total net assetsLn 32$58.0M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77.0M · Operating expenses/yr $52.9M
17.4 months
Where the money goes
Program services
Program services $37.4M · Total expenses $52.9M
71%
Management & General
Management & general $15.6M · Total expenses $52.9M
29%
Fundraising
Fundraising $0 · Total expenses $52.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.0M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $420K · Total revenue $57.3M
1%
Government reliance
Government grants — · Total revenue $57.3M
Earned-income share
Program service revenue $49.3M · Total revenue $57.3M
86%
Investment reliance
Investment income $3.6M · Total revenue $57.3M
+6%
Program self-sufficiency
Program service revenue $49.3M · Total expenses $52.9M
93%
Growth & trend
Revenue growth (YoY)
This year $57.3M · Prior year $54.9M
+4%
Revenue CAGR
FY2019 $48.9M · FY2023 $57.3M
+4%
Net-asset trend (YoY)
End of year $58.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $57.3M · Expenses $52.9M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $181.9M
Net-asset ratio
Net assets $58.0M · Total assets $181.9M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $75.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $181.9M
41%
People & payroll
Highest Reported Total Compensation
Individual Lee Syria · Reported title PRESIDENT AND CEO · Highest reported compensation $493K · Total expenses $52.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $32.3M · Total expenses $52.9M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth 4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

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 · FY2024
Total grants receivedfrom 2 funders$171K
Grants paid · 8 grants · $3.1M · 2019–2023
Unitemized GrantFY2023$134,136
Unitemized GrantFY2023$74,252
Unitemized GrantFY2022$168,203
Ea HoldingNC · FY2021$1,250,000
Unitemized GrantFY2021$63,612
Carolina SeniorcareNC · FY2020$1,000,000
Unitemized GrantFY2020$224,337
Unitemized GrantFY2019$226,276

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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)$57.3M revenue · viewing · ⤓ 990 PDF
FY2023$54.9M revenue · ⤓ 990 PDF
FY2022$47.9M revenue · ⤓ 990 PDF
FY2021$58.1M revenue · ⤓ 990 PDF
FY2020$48.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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