Civic Intelligence

Reserve Elder Service Inc.

990 • Fiscal year 2017 • EIN 81-0665063

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 15, 2018

633 Third Avenue Suite 6th flNew York, NY 10017

(212) 727-4335

Siviq Scores

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

Liabilities / Assets

99th percentile

1.85x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • NTEE J • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.52x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • NTEE J • $1M-$5M nonprofits • Source year 2017

Net Margin

9th percentile

-15%

Higher net margin than 9% of similar nonprofits.

2017 filings • NTEE J • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$496,883

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2017 filings • NTEE J • $1M-$5M nonprofits • Source year 2017

Asset Growth

30th percentile

-0.3%

Faster asset growth than 30% of similar nonprofits.

2017 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-3.8%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,223,931

Down $3,935 (-0.3%) from 2016

Net Assets

Down

-$1,037,190

Down $648,827 (-167%) from 2016

Liabilities

Up

$2,261,121

Up $644,892 (+40%) from 2016

Revenue

Down

$4,352,942

Down $173,382 (-3.8%) from 2016

Expenses

Up

$5,001,769

Up $155,918 (+3.2%) from 2016

Net Income

Down

-$648,827

Down $329,300 (-103%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $1,885,004Liabilities 2011: $326,311Net Assets 2011: $1,558,6932011Assets 2012: $2,066,399Liabilities 2012: $610,940Net Assets 2012: $1,455,4592012Assets 2013: $2,034,003Liabilities 2013: $1,631,197Net Assets 2013: $402,8062013Assets 2014: $1,820,583Liabilities 2014: $1,739,702Net Assets 2014: $80,8812014Assets 2015: $1,260,759Liabilities 2015: $1,329,595Net Assets 2015: -$68,8362015Assets 2016: $1,227,866Liabilities 2016: $1,616,229Net Assets 2016: -$388,3632016Assets 2017: $1,223,931Liabilities 2017: $2,261,121Net Assets 2017: -$1,037,1902017Assets 2018: $1,152,543Liabilities 2018: $2,737,138Net Assets 2018: -$1,584,5952018Assets 2019: $1,569,338Liabilities 2019: $3,656,166Net Assets 2019: -$2,086,8282019Assets 2020: $656,246Liabilities 2020: $3,213,297Net Assets 2020: -$2,557,0512020Assets 2021: $1,350,248Liabilities 2021: $3,558,160Net Assets 2021: -$2,207,9122021Assets 2022: $1,825,539Liabilities 2022: $3,868,466Net Assets 2022: -$2,042,9272022Assets 2023: $1,621,516Liabilities 2023: $3,802,616Net Assets 2023: -$2,181,1002023Assets 2024: $1,652,017Liabilities 2024: $3,960,403Net Assets 2024: -$2,308,3862024

Highlighted filing

2017

Assets$1,223,931
Liabilities$2,261,121
Net Assets-$1,037,190

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $5,209,5332011Expenses 2012: $6,285,1422012Expenses 2013: $5,670,9772013Revenue 2014: $4,991,377Expenses 2014: $5,313,302Net Income 2014: -$321,9252014Revenue 2015: $4,664,476Expenses 2015: $4,814,193Net Income 2015: -$149,7172015Revenue 2016: $4,526,324Expenses 2016: $4,845,851Net Income 2016: -$319,5272016Revenue 2017: $4,352,942Expenses 2017: $5,001,769Net Income 2017: -$648,8272017Revenue 2018: $4,740,839Expenses 2018: $5,288,244Net Income 2018: -$547,4052018Revenue 2019: $4,683,844Expenses 2019: $5,186,077Net Income 2019: -$502,2332019Revenue 2020: $3,336,570Expenses 2020: $3,806,793Net Income 2020: -$470,2232020Revenue 2021: $4,913,178Expenses 2021: $4,571,134Net Income 2021: $342,0442021Revenue 2022: $8,137,834Expenses 2022: $7,972,849Net Income 2022: $164,9852022Revenue 2023: $4,950,432Expenses 2023: $5,088,605Net Income 2023: -$138,1732023Revenue 2024: $5,293,795Expenses 2024: $5,421,081Net Income 2024: -$127,2862024

Highlighted filing

2017

Revenue$4,352,942
Expenses$5,001,769
Net Income-$648,827
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 15, 2018
Return Version
2016v3.1
Gross Receipts
$4,352,942
Mission and Program Overview

Mission

ReServe is an innovative nonprofit that matches continuing professionals age 55+ (ReServists) with organizations that need their expertise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$913,626$816,271▼ $97,355
Cash and Non-Interest-Bearing Accounts$47,666$260,312▲ $212,646
Investments in Publicly Traded Securities$230,695$115,742▼ $114,953
Land, Buildings, and Equipment, Net$34,274$29,999▼ $4,275
Prepaid Expenses and Deferred Charges$855$1,607▲ $752
Pledges and Grants Receivable$750$0▼ $750
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,227,866$1,223,931▼ $3,935
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,589,662$2,238,061▲ $648,399
Deferred Revenue$23,660$0▼ $23,660
Accounts Payable and Accrued Expenses$2,907$23,060▲ $20,153
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,616,229$2,261,121▲ $644,892
Net Assets / Fund Balance
Permanently Rstr Net Assets$75,000$75,000→ $0
Temporarily Rstr Net Assets$42,079$-4,091▼ $46,170
Unrestricted Net Assets$-505,442$-1,108,099▼ $602,657
Total Net Assets Fund Balance$-388,363$-1,037,190▼ $648,827
Total Liabilities and Net Assets / Fund Balance$1,227,866$1,223,931▼ $3,935

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,999$7,756$37,755
Compensation and Service Providers

Employees

NameTitleOtherTotal
Laura M Bowes TraynorDirector Reserve&community Impact$142,357$142,357
Stephanie SerafinDirector of Prepnow$111,163$111,163

Board Members and Trustees

NameTitle
Michael M WeinsteinChairman
Christine McmahonPresident & CEO
Diane CamperDirector
Greg FarrellDirector
Herb SturzDirector
Jay B MartinDirector
John A HerrmannDirector
Kathleen KelleyDirector
Linda P Fried MDDirector
Lois WaghDirector
Monica DrinaneDirector
Phyllis N SegalDirector
Raquiba LabrieDirector
Karen WegmannCFO
Joseph GiannettoChief Operating Officer
Alison PaviaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$93,610
Program Service Revenue
$4,256,488
Investment Income
$557
Other Revenue
$2,287
All Other Contributions
$93,610
Change in Net Assets
$-648,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,210,566
Salaries, Compensation, and Employee Benefits$791,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$494,785$148,679-$643,464
Occupancy$95,415--$95,415
Other Employee Benefits$67,092$20,160-$87,252
Payroll Taxes$36,495$10,966-$47,461
Fees for Services Legal$28,745--$28,745
Office Expenses$15,695--$15,695
Pension Plan Contributions$10,016$3,010-$13,026
Travel$12,775--$12,775
Insurance$12,212--$12,212
Information Technology$11,907--$11,907
Other Expenses$10,428--$10,428
Conferences and Meetings$10,373--$10,373
Depreciation Depletion$4,275--$4,275
Advertising$1,112--$1,112
Total Functional Expenses$4,818,954$182,815$0$5,001,769
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Fedcap$2,238,061
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Reserve Elder Service, Inc.'s sole member is its parent organization, Fedcap Rehabilitation Services, Inc. Form 990, Part VI, Section A, Line 7a Reserve Elder Service, Inc.'s bylaws reserve the power to appoint and remove Board of Directors Members to its sole member, Fedcap Rehabilitation Services, Inc. Form 990, Part VI, Section A, Line 7b Reserve Elder Service, Inc.'s bylaws reserves the following powers to its sole member, Fedcap Rehabilitation Services, Inc.: - Amend the Certificate of Incorporation or Bylaws, - Approve a merger or consolidation with or into another entity, - Adopt a budget or make a material change to a budget, - Divest itself of any line of business, - File for bankruptcy, - Permit or approve its entering into any guaranty or surety arrangement, - Consent to the entry of a judgment against it, - Approve the sale of a material part of its assets, - Commence a lawsuit, - Admit a new member, - Approve the acquisition of any entity, - Permit the incurring of any indebtedness for borrowed money. Form 990, Part VI, Section B, Line 11 The Form 990 was prepared by an independent accounting firm in conjunction with FEDCAP's finance department. It was reviewed by senior management. A full copy of the 990 was provided to the full board before filing for their review and comment.

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

ReServe follows FEDCAP's conflict of interest policy. The conflict of interest policy is signed by appropriate Fedcap Employees annually. Each member of the Board of Directors signs the conflict of interest policy on an annual basis. Violation of the policy will subject an employee to disciplinary action or immediate discharge. Employees who have knowledge or suspicion of improper conduct or activities by other employees or outside parties doing business with Fedcap, are expected to immediately bring it to the attention of the CEO or Director of Human Resources.

Form 990, Part VI, Section C, Line 19

The organization makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.

Filing and Contact Details

Filer

Filer Name
ReServe Elder Service Inc
EIN
81-0665063
In Care Of
% KAREN WEGMANN
Phone
2127274335
Address
633 Third Avenue Suite 6th fl, NEW YORK, NY 10017

Signing Officer

Name
Karen Wegnmann
Title
CFO
Phone
2127274335
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine McMahon
Formed
2005
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

FIN 48 Fedcap Rehabilitation Services, Inc. is the sole member of Reserve Elder Service, Inc. ReServe Elder Service, Inc. does not receive its own standalone audited financial statements; its operations are included within the financial statements of its parent organization: Fedcap Rehabilitation Services, Inc. The FIN-48 footnote reproduced below is from the consolidated audited financial statements. FRS, Wildcat, ReServe, CWS, ESNY, 1184, GP, ESRI, Seacoast and SS follow guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. FRS, Wildcat, ReServe, CWS, ESNY, GP, ESRI, Seacoast, and SS are exempt from federal income tax under IRC section 501(c)(3), though they are subject to tax on income unrelated to their respective exempt purpose, unless that income is otherwise excluded by the Code. These organizations have processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine their filing and tax obligations in jurisdictions for which they have nexus; and to identify and evaluate other matters that may be considered tax positions. FRS, Wildcat ReServe, CWS, ESNY, GP, ESRI, Seacoast and SS have determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm6Phyllis N Segal
IRS990/Form990PartVIISectionAGrp/PersonNm7Herb Sturz
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael M Weinstein
IRS990/Form990PartVIISectionAGrp/PersonNm9Monica Drinane
IRS990/Form990PartVIISectionAGrp/PersonNm10DIANE CAMPER
IRS990/Form990PartVIISectionAGrp/PersonNm11RAQUIBA LABRIE
IRS990/Form990PartVIISectionAGrp/PersonNm12LOIS WAGH
IRS990/Form990PartVIISectionAGrp/PersonNm13CHRISTINE MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm14Karen Wegmann
IRS990/Form990PartVIISectionAGrp/PersonNm15Joseph Giannetto
IRS990/Form990PartVIISectionAGrp/PersonNm16LAURA M BOWES TRAYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHANIE SERAFIN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17110396
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIR. RESERVE&COMMUNITY IMPACT
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF PREPNOW
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IRS990/MissionDesc0RESERVE IS AN INNOVATIVE NONPROFIT THAT MATCHES CONTINUING PROFESSIONALS AGE 55+ (RESERVISTS) WITH ORGANIZATIONS THAT NEED THEIR EXPERTISE. NONPROFITS AND PUBLIC AGENCIES (PARTNERS) CAN TAP INTO A LIFETIME OF EXPERIENCE TO FILL CRUCIAL STAFFING GAPS AT AFFORDABLE RATES. RESERVISTS CAN DO GREAT THINGS FOR THEIR COMMUNITIES WHILE THEY PUT THEIR PROFESSIONAL EXPERTISE TO WORK ON PART-TIME SERVICE PROJECTS, IN EXCHANGE FOR A MODEST HOURLY STIPEND. RESERVE PARTNERS WITH NONPROFIT ORGANIZATIONS, PUBLIC INSTITUTIONS AND GOVERNMENT AGENCIES OF ALL SIZES, BUDGETS AND MISSIONS. WE CURRENTLY OPERATE IN BALTIMORE, SOUTH FLORIDA, MILWAUKEE, NEWARK, NEW YORK CITY, AND WESTCHESTER COUNTY. RESERVISTS COME FROM ALL WALKS OF LIFE, AND INCLUDE MARKETING MANAGERS, SOCIAL WORKERS, ARTISTS, ADMINISTRATIVE ASSISTANTS, HR PROFESSIONALS, AND FINANCIAL ANALYSTS, AS WELL AS PEOPLE WHO HAVE WORKED AT ALL LEVELS IN HEALTH CARE, BANKING, ADVERTISING, EDUCATION AND GOVERNMENT. RESERVISTS PROVIDE DIRECT SERVICES, ADM
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IRS990/OtherExpensesGrp/TotalAmt1477170
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01607
IRS990/PrincipalOfficerNm0Christine McMahon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/Desc0REHABILITATION AND VOCATIONAL PROGRAMS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04256488
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IRS990/PYInvestmentIncomeAmt0590
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IRS990/PYOtherExpensesAmt04253869
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04280802
IRS990/PYRevenuesLessExpensesAmt0-319527
IRS990/PYSalariesCompEmpBnftPaidAmt0591982
IRS990/PYTotalExpensesAmt04845851
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-648827
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.65$3.96$2.31$5.29$5.42$0.13
2023Summary only. Only limited summary data is available for this year.$1.62$3.80$2.18$4.95$5.09$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$3.87$2.04$8.14$7.97$0.16
2021Summary only. Only limited summary data is available for this year.$1.35$3.56$2.21$4.91$4.57$0.34
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$3.21$2.56$3.34$3.81$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$3.66$2.09$4.68$5.19$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$2.74$1.58$4.74$5.29$0.55
2017Detailed filing. Detailed filing data is available for this year.$1.22$2.26$1.04$4.35$5.00$0.65
2016Summary only. Only limited summary data is available for this year.$1.23$1.62$0.39$4.53$4.85$0.32
2015Detailed filing. Detailed filing data is available for this year.$1.26$1.33$0.07$4.66$4.81$0.15
2014Summary only. Only limited summary data is available for this year.$1.82$1.74$0.08$4.99$5.31$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$1.63$0.40$5.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.61$1.46$6.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.33$1.56$5.21
Peer Organizations

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