Civic Intelligence

The 60 Plus Foundation Inc

990 • Fiscal year 2022 • EIN 45-5076466

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 27, 2024

2121 Eisenhower Ave Suite 229Alexandria, VA 22314

(571) 216-1928

Siviq Scores

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

Liabilities / Assets

98th percentile

3.39x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

25th percentile

-12%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

79th percentile

35%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-37%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$68,699

Up $17,864 (+35%) from 2021

Net Assets

Down

-$163,949

Down $31,448 (-24%) from 2021

Liabilities

Up

$232,648

Up $49,312 (+27%) from 2021

Revenue

Down

$183,908

Down $108,822 (-37%) from 2021

Expenses

Down

$205,356

Down $54,004 (-21%) from 2021

Net Income

Down

-$21,448

Down $54,818 (-164%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2016: $31,252Liabilities 2016: $219,377Net Assets 2016: -$188,1252016Assets 2017: $41,149Liabilities 2017: $235,566Net Assets 2017: -$194,4172017Assets 2018: $62,074Liabilities 2018: $141,051Net Assets 2018: -$78,9772018Assets 2019: $134,677Liabilities 2019: $164,328Net Assets 2019: -$29,6512019Assets 2020: $90,644Liabilities 2020: $147,775Net Assets 2020: -$57,1312020Assets 2021: $50,835Liabilities 2021: $183,336Net Assets 2021: -$132,5012021Assets 2022: $68,699Liabilities 2022: $232,648Net Assets 2022: -$163,9492022Assets 2023: $95,911Liabilities 2023: $337,052Net Assets 2023: -$241,1412023Assets 2024: $89,946Liabilities 2024: $298,176Net Assets 2024: -$208,2302024

Highlighted filing

2022

Assets$68,699
Liabilities$232,648
Net Assets-$163,949

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $773,914Expenses 2016: $869,859Net Income 2016: -$95,9452016Revenue 2017: $1,075,357Expenses 2017: $1,081,649Net Income 2017: -$6,2922017Revenue 2018: $907,037Expenses 2018: $791,597Net Income 2018: $115,4402018Revenue 2019: $862,810Expenses 2019: $813,484Net Income 2019: $49,3262019Revenue 2020: $327,883Expenses 2020: $355,363Net Income 2020: -$27,4802020Revenue 2021: $292,730Expenses 2021: $259,360Net Income 2021: $33,3702021Revenue 2022: $183,908Expenses 2022: $205,356Net Income 2022: -$21,4482022Revenue 2023: $334,446Expenses 2023: $411,638Net Income 2023: -$77,1922023Revenue 2024: $324,547Expenses 2024: $291,636Net Income 2024: $32,9112024

Highlighted filing

2022

Revenue$183,908
Expenses$205,356
Net Income-$21,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 27, 2024
Return Version
2022v5.0
Gross Receipts
$188,970
Mission and Program Overview

Mission

The 60 Plus Foundation, Inc. is a 501(c)(3) non-partisan educational organization formed to identify these problems and needs, and to seek alternative solutions developed through the private sector, financed through the free enterprise system, which enhance the quality of life, dignity, and security of American senior citizens. The Foundation brings together segments of the public, representatives of civic institutions, leaders in private enterprise, and specialists in educational disciplines to restore the vigor, intentions and beliefs of our founding fathers, as those intentions and beliefs relate to senior issues. We work to rekindle a nation and a culture that assists, supports, and provides opportunities to its senior citizens, while respecting the Constitutional right of every citizen to live in dignity and thrive in a democratic society, free from government reliance.

The 60 plus foundation, inc. Is a 501(c)(3) non partisan educational organization formed to identify these problems and needs, and to seek alternative solutions developed through the private sector, financed through the free enterprise system, which enhance the quality of life, dignity, and security of american senior citizens. The foundation brings together segments of the public, representatives of civic institutions, leaders in private enterprise, and specialists in educational disciplines to restore the vigor, intentions and beliefs of our founding fathers, as those intentions and beliefs relate to senior isssues. We work to rekindle a nation and a culture that assists, supports, and provides opportunities to its senior citizens, while respecting the constitutional right of every citizen to live in dignity and thrive in a democratic society, free from government reliance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$50,835$68,699▲ $17,864
Loans From Officers Directors$42,500$42,500→ $0
Rtn Earn Endowment Incm Other Fnds$-132,501$-163,949▼ $31,448
Total Assets$50,835$68,699▲ $17,864
Liabilities
Accounts Payable and Accrued Expenses$53,336$102,648▲ $49,312
Other Liabilities$87,500$87,500→ $0
Total Liabilities$183,336$232,648▲ $49,312
Net Assets / Fund Balance
Total Net Assets Fund Balance$-132,501$-163,949▼ $31,448
Total Liabilities and Net Assets / Fund Balance$50,835$68,699▲ $17,864
Compensation and Service Providers

Board Members and Trustees

NameTitle
James MartinChairman
Saul AnuzisPresident
Gary WolframDirector
John EnglerDirector
Ken LynchDirector
Manuel RosalesDirector
Ray HaynesDirector
Tim HydeDirector
William FayDirector
Bob CoakleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$183,915
Program Service Revenue
$0
Investment Income
$-7
Other Revenue
$0
All Other Contributions
$183,915
Change in Net Assets
$-21,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$179,256
Total Fundraising Expense$40,228
Professional Fundraising Fees$26,100
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$26,100$26,100
Other Expenses$14,128-$14,128$14,128
Fees for Services Accounting-$1,941-$1,941
Information Technology-$917-$917
Office Expenses-$194-$194
Fees for Services Legal-$45-$45
Total Functional Expenses$147,904$3,097$26,101$174,005
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$26,100
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$42,500$42,500→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable to Affiliate$87,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by a certified public accounting firm and a draft of form 990 is provided to the foundation's management for their review. A copy of the tax return is electronically available for board members to review and approve prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed and acknowledged annually by the officers and directors.

Form 990, Page 6, Part VI, Line 15A

See compensation process explanation for officers or key employees.

Form 990, Page 6, Part VI, Line 15B

Before making recommendations to the board, the chairman and president obtain 990's from similar organizations based in washington d.c. These metrics are discussed with the board before the board approves any compensation arrangements. These policies will be applied to future decisions the board makes regarding officers and key employees as defined by the 990.

Form 990, Page 6, Part VI, Line 17

Illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, south dakota, tennessee, texas, utah, vermont, virginia, washington, west virginia, wisconsin, wyoming

Form 990, Page 6, Part VI, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
The 60 Plus Foundation Inc
EIN
45-5076466
Phone
5712161928
Address
2121 EISENHOWER AVE SUITE 229, ALEXANDRIA, VA 22314

Signing Officer

Name
Saul Anuzis
Title
President
Phone
5712161928
Signed
2024-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Saul Anuzis
Formed
2012
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
1

Preparer

Firm
Lund CPA and Consulting Services Plc
Address
755 W BIG BEAVER RD STE 2020, TROY, MI 48084
Preparer
Heidi Lund
Phone
5867551040
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Originally filed tax return inadvertently excluded amounts on statement of functional expenses part ix, line 26 for joint costs. The correction resulted in the following changes to the form 990: part ix, line 26 was increased to include joint costs for program expenses of 174,005 and fundraising expenses of 26,101. The total increase to part ix, line 26 was 174,005

FORM 990 - ORGANIZATION'S MISSION

The 60 plus foundation, inc. Is a 501(c)(3) non partisan educational organization formed to identify these problems and needs, and to seek alternative solutions developed through the private sector, financed through the free enterprise system, which enhance the quality of life, dignity, and security of american senior citizens. The foundation brings together segments of the public, representatives of civic institutions, leaders in private enterprise, and specialists in educational disciplines to restore the vigor, intentions and beliefs of our founding fathers, as those intentions and beliefs relate to senior isssues. We work to rekindle a nation and a culture that assists, supports, and provides opportunities to its senior citizens, while respecting the constitutional right of every citizen to live in dignity and thrive in a democratic society, free from government reliance.

Form 990, Part XII

Line 2c - there were no changes in the oversight process or selection process from the prior year.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TO AFFILIATE
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IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (III)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINALLY FILED TAX RETURN INADVERTENTLY EXCLUDED AMOUNTS ON STATEMENT OF FUNCTIONAL EXPENSES PART IX, LINE 26 FOR JOINT COSTS. THE CORRECTION RESULTED IN THE FOLLOWING CHANGES TO THE FORM 990: PART IX, LINE 26 WAS INCREASED TO INCLUDE JOINT COSTS FOR PROGRAM EXPENSES OF 174,005 AND FUNDRAISING EXPENSES OF 26,101. THE TOTAL INCREASE TO PART IX, LINE 26 WAS 174,005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 60 PLUS FOUNDATION, INC. IS A 501(C)(3) NON PARTISAN EDUCATIONAL ORGANIZATION FORMED TO IDENTIFY THESE PROBLEMS AND NEEDS, AND TO SEEK ALTERNATIVE SOLUTIONS DEVELOPED THROUGH THE PRIVATE SECTOR, FINANCED THROUGH THE FREE ENTERPRISE SYSTEM, WHICH ENHANCE THE QUALITY OF LIFE, DIGNITY, AND SECURITY OF AMERICAN SENIOR CITIZENS. THE FOUNDATION BRINGS TOGETHER SEGMENTS OF THE PUBLIC, REPRESENTATIVES OF CIVIC INSTITUTIONS, LEADERS IN PRIVATE ENTERPRISE, AND SPECIALISTS IN EDUCATIONAL DISCIPLINES TO RESTORE THE VIGOR, INTENTIONS AND BELIEFS OF OUR FOUNDING FATHERS, AS THOSE INTENTIONS AND BELIEFS RELATE TO SENIOR ISSSUES. WE WORK TO REKINDLE A NATION AND A CULTURE THAT ASSISTS, SUPPORTS, AND PROVIDES OPPORTUNITIES TO ITS SENIOR CITIZENS, WHILE RESPECTING THE CONSTITUTIONAL RIGHT OF EVERY CITIZEN TO LIVE IN DIGNITY AND THRIVE IN A DEMOCRATIC SOCIETY, FREE FROM GOVERNMENT RELIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND A DRAFT OF FORM 990 IS PROVIDED TO THE FOUNDATION'S MANAGEMENT FOR THEIR REVIEW. A COPY OF THE TAX RETURN IS ELECTRONICALLY AVAILABLE FOR BOARD MEMBERS TO REVIEW AND APPROVE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED AND ACKNOWLEDGED ANNUALLY BY THE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE COMPENSATION PROCESS EXPLANATION FOR OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BEFORE MAKING RECOMMENDATIONS TO THE BOARD, THE CHAIRMAN AND PRESIDENT OBTAIN 990'S FROM SIMILAR ORGANIZATIONS BASED IN WASHINGTON D.C. THESE METRICS ARE DISCUSSED WITH THE BOARD BEFORE THE BOARD APPROVES ANY COMPENSATION ARRANGEMENTS. THESE POLICIES WILL BE APPLIED TO FUTURE DECISIONS THE BOARD MAKES REGARDING OFFICERS AND KEY EMPLOYEES AS DEFINED BY THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LINE 2C - THERE WERE NO CHANGES IN THE OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE 60 PLUS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0THE 60 PLUS ASOCIATION
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