Wesleyan Senior Living Foundation in Elyria, Ohio (OH)

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Wesleyan Senior Living Foundation
Employer Identification Number (EIN)311661389
Name of OrganizationWesleyan Senior Living Foundation
Address807 West Avenue, Elyria, OH 44035-5898
SubsectionCharitable Organization
Ruling Date12/1999
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,829,395
Amount of Income$1,354,887
Form 990 Revenue Amount$489,871
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Fund Raising and/or Fund Distribution


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Amount of income in 2012: $1,354,887
This organization: 

 $1,354,887
Other organizations performing similar types of work: 

 $431,929

Assets in 2012: $3,829,395
This organization: 

 $3,829,395
Other organizations performing similar types of work: 

 $1,831,458

Expenses in 2006: $238,250
This organization: 

 $238,250
Other organizations performing similar types of work: 

 $344,117

Income to expenses ratio in 2006: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 2.2

Expenses allocated to program services in 2006: 0.0%
Wesleyan Senior Living Foundation: 

 0.0%
Other organizations performing similar types of work: 

 71.0%

Number of employees in 2006: 3
This organization: 

 3
Other organizations performing similar types of work: 

 3

Grants share in income in 2006: 92.4%
This organization: 

 92.4%
Other organizations performing similar types of work: 

 24.7%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2003200420052006
Total revenue$580,292$373,102$596,099$283,161
Contributions, gifts, grants, and similar amounts received$561,882$353,959$535,635$261,697
Contributions to donor advised funds$0
Direct public support$386,286$297,231$493,303$229,396
Indirect public support$175,596$56,728$42,332$32,301
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$1,331$2,191$7,473$16,475
Dividends and interest from securities$1,188$1,318$4,777$10,351
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$23,358$7,788
Gross amount from sales of assets other than inventory$0$0$342,418$135,883
Less: cost or other basis and sales expenses$0$0$319,060$128,095
Net income or (loss) from special events and activities$15,891$15,634$24,856$-13,150
Gross revenue$29,321$31,278$41,116$34,447
Less: direct expenses other than fundraising expenses$13,430$15,644$16,260$47,597
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$237,575$291,979$241,353$238,250
Program services$0$0$0$0
Management and general$28,862$24,994$37,237$25,306
Fundraising$208,713$266,985$204,116$212,944
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$1,043,290$1,124,413$1,488,613$1,556,249
Excess or (deficit) for the year$342,717$81,123$354,746$44,911
Net assets or fund balances at beginning of year$96,767$1,043,290$1,124,413$1,488,613
Other changes in net assets or fund balances$603,806$0$9,453$22,725
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$238,250$0$25,306$212,944
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$95,429$0$2,969$92,460
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$43,475$0$1,884$41,591
Pension plan contributions not included above$6,079$0$6,079$0
Employee benefits not included above$8,869$0$8,869$0
Payroll taxes$10,053$0$385$9,668
Professional fundraising fees$0$0$0$0
Accounting fees$241$0$241$0
Legal fees$158$0$158$0
Supplies$2,128$0$164$1,964
Telephone$500$0$500$0
Postage and shipping$17,831$0$68$17,763
Occupancy$0$0$0$0
Equipment rental and maintenance$810$0$215$595
Printing and publications$41,245$0$83$41,162
Travel$1,034$0$229$805
Conferences, conventions, and meetings$150$0$75$75
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$10,248$0$3,387$6,861
Balance Sheets
2003200420052006
Total assets$1,075,574$1,174,106$1,522,017$1,595,987
Cash - non-interest-bearing$0$0$0$0
Savings and temporary cash investments$112,319$113,669$286,147$336,610
Accounts receivable less allowance for doubtful accounts$0$0$743$796
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$280$415$478$478
Investments - publicly-traded securities$337,273
Investments - other securities$154,061$222,112$298,321$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$808,914$837,910$936,328$920,830
Total liabilities$32,284$49,693$33,404$39,738
Accounts payable and accrued expenses$32,284$49,661$33,404$39,738
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$32$0$0
Total liabilities and net assets/fund balances$1,075,574$1,174,106$1,522,017$1,595,987
Total net assets or fund balances$1,043,290$1,124,413$1,488,613$1,556,249
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2003200420052006
Total revenue$580,292$373,102$596,099$283,161
Total revenue, gains, and other support per audited financial statements$593,722$388,746$612,359$330,758
Other expenses$13,430$15,644$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$13,430$15,644$0$0
Other revenue$0$0$-16,260$-47,597
Investment expenses$0$0$0$0
Other$0$0$-16,260$-47,597
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2003200420052006
Total expenses$237,575$291,979$241,353$238,250
Total expenses and losses per audited financial statements$78,541$129,402$118,458$132,419
Other revenue$0$15,644$16,260$47,597
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$15,644$16,260$47,597
Other expenses$159,034$178,221$139,155$153,428
Investment expenses$0$0$0$0
Other$159,034$178,221$139,155$153,428
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$26,826$-5,362
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$16,475$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$10,351$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$7,788
Net income or (loss) from special events000000$000$0$-13,150
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Support Schedule
2002200320042005
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$314,136
Contributions, Gifts, Grants and Other Similar Amounts$262,790
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$23,746
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$26,407
Gross amount from sales of assets other than inventory (Securities / Other)$265,022 / $0
Less: cost or other basis and sales expenses (Securities / Other)$238,615 / $0
Gain or (loss) (Securities / Other)$26,407 / $0
Net income from fundraising events$1,193
Gross income from fundraising events$32,367
Less: direct expenses$31,174
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$157,321
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$94,011
Payroll taxes$7,209
Professional fundraising services$0
Other$56,101
Balance Sheet (for 2011)
Total assets$3,437,534
Total liabilities$11,272
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$11,272
Total net assets or fund balances$3,426,262
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$1,936,875
Gifts, grants, contributions, and membership fees received$1,660,019
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$149,990
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$126,866
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chester Healthcare FoundationPO BOX 249, Chester, SC 29706-0249SC2006-06$4,648,849
2Wesleyan Senior Living Foundation807 West Avenue, Elyria, OH 44035-5898OH1999-12$1,354,887
3Bhi Foundation Inc5415 Bearberry Ln, Indianapolis, IN 46268-3922IN1986-10$1,290,256
4Cass Community Health Foundation2316 E Meyer Blvd, Kansas City, MO 64132-1136MO1985-01$3,081,895
5Foundation For Rhodes Homes Inc2801 Buford Hwy Ne Ste 500, Atlanta, GA 30329-2137GA2004-05$1,345,866
6Eleanor Williams Research FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2003-03$431,929
7Community Health Foundation Of Ponca City IncPO BOX 828, Ponca City, OK 74602-0828OK2006-10$144,889
8Guyanese Nurses Associations Of America IncPO BOX 30262, Brooklyn, NY 11203-0262NY2004-01$79,676
9Project Compassion Foundation700 Reynold Sweet Pkwy Ste 200, South Lyon, MI 48178-1816MI2005-07$48,438
10Midway Nursing Home Task Force IncPO BOX 3964, Midway, KY 40347-3964KY2000-06$46,158
11Florida Association Of School Nurses Inc10 Bay Harbor Rd, Tequesta, FL 33469-2004FL2001-07$23,359
12Inter-Lakes Foundation Inc1019 Wicker Street, Ticonderoga, NY 12883NY2006-09$150
13Hospice By The Sea Foundation312 S Cedros, Solana Beach, CA 92075CA1996-01$0
Number of organizations performing similar types of work
California2
Florida2
Georgia3
Indiana1
Kentucky1
Michigan1
Minnesota1
Missouri1
Nebraska1
New Jersey1
New York2
Ohio2
Oklahoma1
South Carolina1
Texas3
Washington1
Total24

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