Civic Intelligence

Eldersource Inc

990 • Fiscal year 2018 • EIN 27-1456179

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

10688 Old St Augustine RdJacksonville, FL 32257

(904) 391-6600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.05x

Higher debt load relative to assets than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.69x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$132,576

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 270.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

77th percentile

19%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Assets

Up

$653,091

Up $103,903 (+19%) from 2017

Net Assets

Up

$619,180

Up $70,053 (+13%) from 2017

Liabilities

Up

$33,911

Up $33,850 (+55492%) from 2017

Revenue

Up

$49,100

Up $49,100 from 2017

Expenses

Up

$67,184

Up $66,006 (+5603%) from 2017

Net Income

Down

-$18,084

Down $16,906 (-1435%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2011: $6Liabilities 2011: $2,214Net Assets 2011: -$2,2082011Assets 2012: $20,007Liabilities 2012: $25,603Net Assets 2012: -$5,5962012Assets 2014: $793,596Liabilities 2014: $0Net Assets 2014: $793,5962014Assets 2016: $570,605Liabilities 2016: $800Net Assets 2016: $569,8052016Assets 2017: $549,188Liabilities 2017: $61Net Assets 2017: $549,1272017Assets 2018: $653,091Liabilities 2018: $33,911Net Assets 2018: $619,1802018Assets 2019: $655,026Liabilities 2019: $15,346Net Assets 2019: $639,6802019Assets 2020: $675,259Liabilities 2020: $3,002Net Assets 2020: $672,2572020Assets 2021: $988,229Liabilities 2021: $234,440Net Assets 2021: $753,7892021Assets 2024: $408,004Liabilities 2024: $38,406Net Assets 2024: $369,5982024

Highlighted filing

2018

Assets$653,091
Liabilities$33,911
Net Assets$619,180

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $1,357Expenses 2011: $2,862Net Income 2011: -$1,5052011Revenue 2012: $0Expenses 2012: $3,388Net Income 2012: -$3,3882012Revenue 2014: $0Expenses 2014: $118,621Net Income 2014: -$118,6212014Revenue 2016: $6,000Expenses 2016: $119,308Net Income 2016: -$113,3082016Revenue 2017: $0Expenses 2017: $1,178Net Income 2017: -$1,1782017Revenue 2018: $49,100Expenses 2018: $67,184Net Income 2018: -$18,0842018Revenue 2019: $64,376Expenses 2019: $93,876Net Income 2019: -$29,5002019Revenue 2020: $33,635Expenses 2020: $109,715Net Income 2020: -$76,0802020Revenue 2021: $73,609Expenses 2021: $192,077Net Income 2021: -$118,4682021Revenue 2024: $297,418Expenses 2024: $434,170Net Income 2024: -$136,7522024

Highlighted filing

2018

Revenue$49,100
Expenses$67,184
Net Income-$18,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$65,976
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,974$105,877▲ $103,903
Total Assets$549,188$653,091▲ $103,903
Other Assets Total$547,214$547,214→ $0
Liabilities
Accounts Payable and Accrued Expenses$61$31,239▲ $31,178
Other Liabilities$0$2,672▲ $2,672
Total Liabilities$61$33,911▲ $33,850
Net Assets / Fund Balance
Unrestricted Net Assets$549,127$619,180▲ $70,053
Total Net Assets Fund Balance$549,127$619,180▲ $70,053
Total Liabilities and Net Assets / Fund Balance$549,188$653,091▲ $103,903

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$547,214--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Linda LevinExecutive DirectorFT$132,576$132,576

Board Members and Trustees

NameTitle
Stuart GainesPresident
Coley JonesVice President
Don RobertsDirector
Elizabeth GunnDirector
Fran PepisDirector
Sandy RobinsonDirector
Sue KrallSecretary
Melissa GilreathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,013
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$17,087
Change in Net Assets
$-18,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$14,448-$14,448
Office Expenses-$2,144-$2,144
Fees for Services Accounting-$781-$781
Travel-$345-$345
Other Expenses-$189-$189
All Other Expenses-$160-$160
Total Functional Expenses$0$67,184$0$67,184
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,963
Fundraising Direct Expenses$16,876
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
A Night With the Stars$65,976$33,963-$33,963
Total Events$65,976$33,963$16,876$17,087
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nefaaa$2,672
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is presented to the board of directors finance & audit committee and to the board of directors at the annual meeting for review and acceptance as submitted.

Form 990, Part VI, Section B, Line 12C

Annually, each board member receives the conflict of interest policy and signs indicating compliance.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Eldersource Inc
EIN
27-1456179
Phone
9043916600
Address
10688 OLD ST AUGUSTINE RD, JACKSONVILLE, FL 32257

Signing Officer

Name
Stuart Gaines
Title
President
Phone
9043916600
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Levin
Formed
2009
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
11

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1301 PLANTATION ISLAND DR STE 205A, ST AUGUSTINE, FL 32080
Preparer
Louise H Anderson CPA
Phone
9044713445
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultant fees: program service expenses 0. Management and general expenses 14,448. Fundraising expenses 0. Total expenses 14,448.

FORM 990, PART XI, LINE 9:

Transfer from related entities 70,686. Transfer of net asset from friends of eldersouce due to ceased operations 17,451.

Financial Statement Notes

PART X, LINE 2:

All subsidiaries that make up the organization, except wise owl properties, inc., are exempt from federal income tax under section 501(c)(3) of the internal revenue code or have applied for this exempt classification. Wise owl properties, inc. Is exempt from federal income tax under section 501(c)(2) of the internal revenue code. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The organization has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2018.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALL SUBSIDIARIES THAT MAKE UP THE ORGANIZATION, EXCEPT WISE OWL PROPERTIES, INC., ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR HAVE APPLIED FOR THIS EXEMPT CLASSIFICATION. WISE OWL PROPERTIES, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2018.
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033963
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033963
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017087
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03200
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03200
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FINANCE & AUDIT COMMITTEE AND TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING FOR REVIEW AND ACCEPTANCE AS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH BOARD MEMBER RECEIVES THE CONFLICT OF INTEREST POLICY AND SIGNS INDICATING COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,448. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,448.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER FROM RELATED ENTITIES 70,686. TRANSFER OF NET ASSET FROM FRIENDS OF ELDERSOUCE DUE TO CEASED OPERATIONS 17,451.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ELDERSOURCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1ELDERSOURCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2ELDERSOURCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WISE OWL PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ELDERSOURCE INSTITUTE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2NORTHEAST FLORIDA AREA AGENCY ON AGING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455567819
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1475221862
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2591569867
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOLD TITLE TO PROPERTY WHICH IT RENTS TO ELDERSOURCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO IMPROVE WELLBEING OF ELDERS AND CAREGIVERS IN NE FLORIDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO IMPROVE WELLBEING OF ELDERS AND CAREGIVERS IN NE FLORIDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010688 OLD ST AUGUSTINE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt110688 OLD ST AUGUSTINE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt210688 OLD ST AUGUSTINE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032257
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd132257
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd232257
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt070686
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt146852
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NORTHEAST FL AREA AGENCY ON AGING
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NORTHEAST FL AREA AGENCY ON AGING
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0549188
IRS990/TotalAssetsEOYAmt0653091
IRS990/TotalAssetsGrp/BOYAmt0549188
IRS990/TotalAssetsGrp/EOYAmt0653091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032013
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt067184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061
IRS990/TotalLiabilitiesEOYAmt033911
IRS990/TotalLiabilitiesGrp/BOYAmt061
IRS990/TotalLiabilitiesGrp/EOYAmt033911
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0549127
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0619180
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017087
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049100
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0549188
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0653091
IRS990/TotReportableCompRltdOrgAmt0132576
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/ManagementAndGeneralAmt0345
IRS990/TravelGrp/TotalAmt0345
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

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