Civic Intelligence

Senior Citizens Inc DBA Fiftyforward

990 • Fiscal year 2021 • EIN 62-0566419

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 11, 2021

174 Rains AvenueNashville, TN 37203

(615) 743-3400

Siviq Scores

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

Liabilities / Assets

68th percentile

0.36x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.40x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

9th percentile

-18%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$128,236

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

18th percentile

-1.6%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-24%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$15,035,258

Down $245,352 (-1.6%) from 2020

Net Assets

Down

$9,634,727

Down $783,166 (-7.5%) from 2020

Liabilities

Up

$5,400,531

Up $537,814 (+11%) from 2020

Revenue

Down

$3,867,382

Down $1,192,775 (-24%) from 2020

Expenses

Down

$4,569,523

Down $657,762 (-13%) from 2020

Net Income

Down

-$702,141

Down $535,013 (-320%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $13,699,175Liabilities 2011: $1,473,904Net Assets 2011: $12,225,2712011Assets 2012: $13,512,809Liabilities 2012: $1,371,435Net Assets 2012: $12,141,3742012Assets 2013: $14,499,498Liabilities 2013: $1,619,798Net Assets 2013: $12,879,7002013Assets 2014: $15,729,590Liabilities 2014: $3,307,241Net Assets 2014: $12,422,3492014Assets 2015: $16,034,211Liabilities 2015: $4,108,098Net Assets 2015: $11,926,1132015Assets 2016: $16,308,198Liabilities 2016: $3,905,299Net Assets 2016: $12,402,8992016Assets 2017: $15,645,655Liabilities 2017: $3,666,363Net Assets 2017: $11,979,2922017Assets 2018: $16,986,911Liabilities 2018: $5,531,479Net Assets 2018: $11,455,4322018Assets 2019: $15,435,588Liabilities 2019: $4,850,567Net Assets 2019: $10,585,0212019Assets 2020: $15,280,610Liabilities 2020: $4,862,717Net Assets 2020: $10,417,8932020Assets 2021: $15,035,258Liabilities 2021: $5,400,531Net Assets 2021: $9,634,7272021Assets 2022: $13,263,290Liabilities 2022: $4,452,333Net Assets 2022: $8,810,9572022Assets 2023: $15,021,830Liabilities 2023: $5,303,131Net Assets 2023: $9,718,6992023Assets 2024: $15,333,520Liabilities 2024: $5,327,683Net Assets 2024: $10,005,8372024Assets 2025: $17,300,378Liabilities 2025: $5,680,609Net Assets 2025: $11,619,7692025

Highlighted filing

2021

Assets$15,035,258
Liabilities$5,400,531
Net Assets$9,634,727

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,115,420Expenses 2011: $4,516,759Net Income 2011: -$401,3392011Revenue 2012: $4,454,254Expenses 2012: $4,538,208Net Income 2012: -$83,9542012Revenue 2013: $5,174,496Expenses 2013: $4,439,852Net Income 2013: $734,6442013Revenue 2014: $4,291,629Expenses 2014: $4,754,287Net Income 2014: -$462,6582014Revenue 2015: $4,141,407Expenses 2015: $4,638,402Net Income 2015: -$496,9952015Revenue 2016: $5,206,222Expenses 2016: $4,729,436Net Income 2016: $476,7862016Revenue 2017: $4,367,207Expenses 2017: $4,790,814Net Income 2017: -$423,6072017Revenue 2018: $4,901,568Expenses 2018: $5,425,428Net Income 2018: -$523,8602018Revenue 2019: $4,794,705Expenses 2019: $5,665,116Net Income 2019: -$870,4112019Revenue 2020: $5,060,157Expenses 2020: $5,227,285Net Income 2020: -$167,1282020Revenue 2021: $3,867,382Expenses 2021: $4,569,523Net Income 2021: -$702,1412021Revenue 2022: $3,837,335Expenses 2022: $4,749,710Net Income 2022: -$912,3752022Revenue 2023: $6,136,176Expenses 2023: $5,228,434Net Income 2023: $907,7422023Revenue 2024: $5,239,017Expenses 2024: $5,201,278Net Income 2024: $37,7392024Revenue 2025: $6,784,549Expenses 2025: $4,921,218Net Income 2025: $1,863,3312025

Highlighted filing

2021

Revenue$3,867,382
Expenses$4,569,523
Net Income-$702,141
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$3,913,537
Mission and Program Overview

Mission

Fiftyforward supports, champions and enhances life for those 50 and older.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,318,479$6,934,524▼ $383,955
Cash and Non-Interest-Bearing Accounts$1,540,792$1,385,031▼ $155,761
Prepaid Expenses and Deferred Charges$927,876$800,953▼ $126,923
Pledges and Grants Receivable$523,615$651,578▲ $127,963
Accounts Receivable$175,998$38,216▼ $137,782
Total Assets$15,280,610$15,035,258▼ $245,352
Other Assets Total$4,793,850$5,224,956▲ $431,106
Liabilities
Other Liabilities$4,677,130$5,224,956▲ $547,826
Accounts Payable and Accrued Expenses$181,757$175,175▼ $6,582
Deferred Revenue$3,830$400▼ $3,430
Total Liabilities$4,862,717$5,400,531▲ $537,814
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,874,918$9,378,522▼ $496,396
Net Assets With Donor Restrictions$542,975$256,205▼ $286,770
Total Net Assets Fund Balance$10,417,893$9,634,727▼ $783,166
Total Liabilities and Net Assets / Fund Balance$15,280,610$15,035,258▼ $245,352

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,123,700$6,487,844$11,611,544
Land$1,620,440-$1,620,440
Equipment$121,565$1,386,617$1,508,182
Other Land Buildings$41,486$574,136$615,622
Leasehold Improvements$27,333$28,157$55,490
Other Assets Org$5,224,956--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,828,291$2,228,138▲ $709,405$3,525$5,458,072
2019$2,790,100$159,790▲ $12,966$575$2,828,291
2018$2,536,472$293,959▲ $119,224$3,945$2,790,100
2017$2,367,989$1,179▲ $315,165-$2,536,472
2016$2,378,094$1,919▲ $142,186-$2,367,989
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sallie HusseyCEOFT$118,366$9,870$128,236

Board Members and Trustees

NameTitle
Theresa ZuckowskyChair
Lamar MooreChair Elect
Andrea TurnerBoard Member
Becky Nergenah SandersBoard Member
Beth WoodardBoard Member
Cynthia Whitfield-storyBoard Member
Donna YurdinBoard Member
Erin JohnsonBoard Member
James LancasterBoard Member
Javier MartinezBoard Member
Jimmy AllenBoard Member
Karen WilliamsBoard Member
Lynn WinansBoard Member
Manju KandulaBoard Member
Mike EdgeworthBoard Member
Neil AmrheinBoard Member
Newtonia ColemanBoard Member
Paige ThompsonBoard Member
Pete StringerBoard Member
Sally MckayBoard Member
Vanessa HickmanBoard Member
William ScarboroughBoard Member
Debbie CriggerSecretary
Tracy EversTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,429,569
Program Service Revenue
$361,811
Investment Income
$7,243
Other Revenue
$68,759
All Other Contributions
$1,584,050
Change in Net Assets
$-702,141

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,867,382
Revenue Not Reported on Form 990
$93,858
Total Revenue per Audited Statements
$3,961,240
Total Revenue per Form 990
$3,867,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,640,256
Other Expenses$1,921,009
Total Fundraising Expense$320,421
Grants and Similar Amounts Paid$8,258
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,327,027$493,209$199,871$2,020,107
Occupancy$635,520$32,694$27,592$695,806
Depreciation Depletion$458,232$25,355$8,379$491,966
Other Employee Benefits$235,406$84,208$34,935$354,549
Fees for Services Other$286,774$23,506$9,238$319,518
Office Expenses$197,116$22,269$-471$218,914
Payroll Taxes$99,608$35,632$14,782$150,022
Current Officers, Directors, Trustees, and Key Employees$85,143$30,457$12,635$128,235
Insurance$80,943$13,654$6,911$101,508
Advertising$16,798$10,943$7,280$35,021
Travel$19,362$579-$19,941
Fees for Services Accounting$16,472$1,312$516$18,300
Other Expenses$10,954$105-$11,059
Conferences and Meetings$5,311$3,665-$8,976
Grants to Domestic Orgs$8,258--$8,258
Pension Plan Contributions$-8,404$-3,006$-1,247$-12,657
Total Functional Expenses$3,474,520$774,582$320,421$4,569,523

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,744,406
Expenses per Audited Statements$4,569,523
Total Expenses per Form 990$4,569,523
Expenses Not Reported on Form 990$174,883
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Charities of Tn IncNashville, TN501c3Program Assistance$8,258
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,208
Fundraising Gross Income$6,308
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall for Fiftyf$29,517$4,158$7,944$-3,786
Older Americans$63,738$2,150$5,077$-2,927
Total Events$184,082$6,308$36,208$-29,900
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conservator Trust Funds Liability$5,224,956
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 4

The following changes were made to the organization's by-laws: article i: separated into three sections: name, purpose, mission article ii: reduced board membership minimum from 24 to 18 removed ff center advisory council presidents removed mayor of nashville or his/her representative removed president of ff junior board committee removed president of ff endowment added sections: section 4. Resignation section 5. Removal section 6. Vacancies section 7. Conflict of interest section 8. Compensation section 9. Property and contracts article iii: no changes to sections 1 - 4 added sections section 5. Quorum (was previously article vi) section 6. Action by consent without meeting article iv: added sections section 2. Removal section 3. Vacancies section 4. Duties chair of bod shall be ex-officio member of all committees removed co-treasurer removed executive director (moved to article v - chief executive officer article v: new article article vi: removed the following committees - communications, development, facilities, it, government affairs, hr, leadership, program resources, junior board. Miscellaneous: changed executive director to chief executive officer changed president (of bod) to chair changed president-elect (of bod) to chair-elect changed the word handicapped to disabled

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

The form 990 was reviewed by the chief executive officer and associate executive director initially. The return was e-mailed to all board members for review prior to signature by the ceo.

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

Discussion of the conflict of interest policy occurs during new board member orientation as well as at board meetings throughout the year.

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

The board chair of fiftyforward evaluates salary level for the chief executive officer using area salary survey data, review of 990 reporting for non-profits of similar size and/or mission and consultation with the officers of the organization.

Form 990, Page 6, Part VI, Line 19

The documents are made available on givingmatters.com and upon request.

Form 990, Part VII

The board roster reported in part vii reflects the positions as of june 31, 2021. The officer positions rotated on january 1, 2021. Between july 1, 2020, and december 31, 2020, pete stringer served as the chair, theresa zuckowsky served as the chair elect, and lamar moore served as the secretary/treasurer.

Filing and Contact Details

Filer

Filer Name
Senior Citizens Inc
EIN
62-0566419
Phone
6157433400
Address
174 RAINS AVENUE, NASHVILLE, TN 37203
Doing Business As
Fiftyforward

Signing Officer

Name
Sallie Hussey
Title
CEO
Phone
6157433406
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sallie Hussey
Formed
1956
Legal Domicile
Tn
Voting Board Members
25
Independent Board Members
25
Employees
80
Volunteers
1,200

Preparer

Firm
Blankenship CPA Group Pllc
Address
917 CONFERENCE DR, GOODLETTSVILLE, TN 37072-2162
Preparer
Karen R Stephens CPA
Phone
6158598800
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers use their experience, energy and skills to help others by supporting the centers and programs that enrich life for middle tennessee's older adults. Volunteers utilize their skills to benefit the community through fiftyforward. They have a variety of opportunities to use their lifetime of experience to assist young people, veterans, homebound seniors and those in the community who struggle with hunger.

Form 990, Part XI, Line 9

Special event expenses 36,208 special event expenses -36,208 deconsolidation of senior citizen for the arts -81,025 total -81,025

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment fund shown in part v represents an endowment established and maintained by senior citizens foundation, inc. The amounts reported are based on information presented on the support organization's latest form 990, year-ended 12/31/2020. Senior citizens foundation, inc. - "said organization is organized exclusively for charitable, religious, educational and scientific purposes, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1954...and include but are not limited to the following objectives: (a) in support of senior citizens inc. (b) to establish a permanent endowment for senior citizens inc."

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 36,208

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 36,208 deconsolidation of senior citizen for the arts 81,025

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IRS990/Desc0LIFELONG LEARNING CENTERS: OPERATION OF SEVEN LIFELONG LEARNING CENTERS ACROSS DAVIDSON AND WILLIAMSON COUNTIES IN TN PROVIDING PERSONAL GROWTH, HEALTH, RECREATIONAL, WELLNESS AND COMMUNITY OPPORTUNITIES TO OVER 3,500 ADULTS OVER 50.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORTIVE CARE: PROVISION OF INDEPENDENT LIVING SERVICES INCLUDING MEALS ON WHEELS, CONSERVATORSHIP, COMPANION CARE, ELDER CRIME VICTIM ADVOCACY, NEEDS ASSESSMENT, AND ADULT DAY SERVICE PROVIDE SUPPORT TO 32 ADULTS 50 AND OLDER. ADULT DAY SERVICES/CARE TEAM: SERVICES TO PROVIDE RELIEF TO CARE GIVERS.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$5.68$11.6$6.78$4.92$1.86
2024Detailed filing. Detailed filing data is available for this year.$15.3$5.33$10.0$5.24$5.20$0.04
2023Detailed filing. Detailed filing data is available for this year.$15.0$5.30$9.72$6.14$5.23$0.91
2022Detailed filing. Detailed filing data is available for this year.$13.3$4.45$8.81$3.84$4.75$0.91
2021Detailed filing. Detailed filing data is available for this year.$15.0$5.40$9.63$3.87$4.57$0.70
2020Detailed filing. Detailed filing data is available for this year.$15.3$4.86$10.4$5.06$5.23$0.17
2019Detailed filing. Detailed filing data is available for this year.$15.4$4.85$10.6$4.79$5.67$0.87
2018Detailed filing. Detailed filing data is available for this year.$17.0$5.53$11.5$4.90$5.43$0.52
2017Detailed filing. Detailed filing data is available for this year.$15.6$3.67$12.0$4.37$4.79$0.42
2016Detailed filing. Detailed filing data is available for this year.$16.3$3.91$12.4$5.21$4.73$0.48
2015Detailed filing. Detailed filing data is available for this year.$16.0$4.11$11.9$4.14$4.64$0.50
2014Summary only. Only limited summary data is available for this year.$15.7$3.31$12.4$4.29$4.75$0.46
2013Summary only. Only limited summary data is available for this year.$14.5$1.62$12.9$5.17$4.44$0.73
2012Summary only. Only limited summary data is available for this year.$13.5$1.37$12.1$4.45$4.54$0.08
2011Summary only. Only limited summary data is available for this year.$13.7$1.47$12.2$4.12$4.52$0.40