Benjamin Rose Institute on Aging

“Use of board directed investments is governed by the organization's annual spending policy with available funds used for operations or board approved projects. Amounts may also be released in excess of the spending policy for board approved projects that are considered strategic and rare and in support of the organizations long term mission and strategic plan.”

“The institute, spry, esop, esop realty, inc., and mw apartments are nonprofit corporations as described in section 501(c)(3) of the internal revenue code and are exempt from income taxes on related income pursuant to section 501(a) of the code. Eldercare services institute, llc and rose centers for aging well, llc, are both single member llcs elected to be treated as a corporation and received exemptions from income taxes on related income pursuant to section 501(a) of the code. Benjamin rose property, llc is a single member llc and is considered a disregarded entity and is consolidated with the institute for tax purposes. Effective december 28, 2023, esop realty, inc. Was dissolved. Accounting principles generally accepted in the united states of america (u.s. Gaap) require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. The organization's evaluation at december 31, 2024 revealed no tax positions that would have a material impact on the consolidated financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

“The organization has been named as sole or partial beneficiary in certain perpetual trusts. The fair value of that beneficial interest has been measured and recorded as an asset on the books of benjamin rose. This fair value is adjusted each quarter based on the assets reported in the trusts. Distributions from the trusts to benjamin rose are recorded as income when received. Due to the size of these trusts and related distributions, the value of annual distributions received are also reported on schedule b, the schedule of contributors and totaled $4,872,742 in 2024.”