Foundation For The Elderly Inc

Cambridge Services Inc

Arden, NC
Tax-exempt since March 1990
EIN: 74-2566411

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$3.76k (2023)

Expenses

$182k (2023)

Total Assets

$202k (2023)

Total Liabilities

$101k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$3,763

Expenses

$182,165

Net Income

-$178,402

Net Assets

$100,601

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$5,578	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,815
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$202,100
Total Liabilities	$101,499
Net Assets	$100,601

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$0	$0	$0
Scott C Jaeger (Secretary)	$0	$0	$0
William Chambers (Director)	$0	$0	$0
Matthew Wright (Director)	$0	$0	$0

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990

Filed on Aug. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

-$13,197

Expenses

$186,968

Net Income

-$200,165

Net Assets

$261,152

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$5,130
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$18,327
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$276,114
Total Liabilities	$14,962
Net Assets	$261,152

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$0	$0	$0
Scott C Jaeger (Secretary)	$0	$0	$0
William Chambers (Director)	$0	$0	$0
Matthew Wright (Director)	$0	$0	$0

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990

Filed on Aug. 1, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$180,799

Expenses

$222,631

Net Income

-$41,832

Net Assets

$491,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$149,300	82.6%
Investment Income	$5,974	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,525	14.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$700	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$492,296
Total Liabilities	$636
Net Assets	$491,660

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$200	$0	$0
Scott C Jaeger (Secretary)	$200	$0	$0
Lauren Bradley (Director)	$200	$0	$0
Kevin Wimbish (Director)	$100	$0	$0

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990

Filed on May 5, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$301,156

Expenses

$259,437

Net Income

$41,719

Net Assets

$529,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$300,000	99.6%
Investment Income	$4,287	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$3,131
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,400	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$530,422
Total Liabilities	$757
Net Assets	$529,665

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$500	$0	$0
Scott C Jaeger (Secretary)	$500	$0	$0
Lauren Bradley (Director)	$500	$0	$0
Kevin Wimbish (Director)	$500	$0	$0
T Gerald Walker Until End Of June (Director)	$200	$0	$0
Mel York Until End Of June (Director)	$200	$0	$0

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990

Filed on Aug. 3, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$332,144

Expenses

$276,128

Net Income

$56,016

Net Assets

$470,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$318,000	95.7%
Investment Income	$8,243	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,901	1.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,400	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$481,479
Total Liabilities	$10,628
Net Assets	$470,851

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$800	$0	$0
Mel York (Director)	$800	$0	$0
Scott C Jaeger (Secretary)	$700	$0	$0
Lauren Bradley (Director)	$700	$0	$0
T Gerald Walker (Director)	$700	$0	$0
Kevin Wimbish (Director)	$700	$0	$0

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990

Filed on Aug. 26, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$325,469

Expenses

$353,189

Net Income

-$27,720

Net Assets

$404,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$293,151	90.1%
Investment Income	$6,756	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,562	7.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,800	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$404,573
Total Liabilities	$231
Net Assets	$404,342

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Chairman)	$800	$0	$0
Scott C Jaeger (Secretary)	$800	$0	$0
Mel York (Director)	$800	$0	$0
Kerry Blondheim (Director)	$800	$36,763	$0
T Gerald Walker (Director)	$800	$0	$0
Kevin Wimbish (Director)	$800	$0	$0

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990

Filed on July 3, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$310,362

Expenses

$273,276

Net Income

$37,086

Net Assets

$472,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$300,000	96.7%
Investment Income	$8,123	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,239	0.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,600	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$478,865
Total Liabilities	$5,866
Net Assets	$472,999

Compensation

Key Employees and Officers	Compensation	Related	Other
T Gerald Walker (Chairman)	$600	$0	$0
Scott C Jaeger (Secretary)	$600	$0	$0
Mel York (Director)	$600	$0	$0
Dr James L Price (Director)	$600	$0	$0
Kerry Blondheim (Director)	$600	$18,607	$0
Kevin Wimbish (Director)	$600	$0	$0

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990

Filed on July 12, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$309,061

Expenses

$303,939

Net Income

$5,122

Net Assets

$392,477

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$300,000	97.1%
Investment Income	$12,414	4.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$3,353
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,600	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$392,477
Total Liabilities	$0
Net Assets	$392,477

Compensation

Key Employees and Officers	Compensation	Related	Other
T Gerald Walker (Chairman)	$600	$0	$0
Scott C Jaeger (Secretary)	$600	$0	$0
Mel York (Director)	$600	$0	$0
Dr James L Price (Director)	$600	$0	$0
Kerry Blondheim (Director)	$600	$19,381	$0
Kevin Wimbish (Director)	$600	$0	$0

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990

Filed on Oct. 11, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$548,978

Expenses

$581,840

Net Income

-$32,862

Net Assets

$358,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$522,000	95.1%
Investment Income	$11,597	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,381	2.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,800	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$360,155
Total Liabilities	$1,260
Net Assets	$358,895

Compensation

Key Employees and Officers	Compensation	Related	Other
T Gerald Walker (Chairman)	$700	$0	$0
Scott C Jaeger (Secretary)	$700	$0	$0
Mel York (Director)	$700	$0	$0
Dr James L Price (Director)	$700	$0	$0
Kerry Blondheim (Director)	$500	$0	$0
Kevin Wimbish (Director)	$500	$0	$0

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990

Filed on July 22, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$561,317

Expenses

$585,503

Net Income

-$24,186

Net Assets

$448,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$532,000	94.8%
Investment Income	$13,375	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,942	2.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,400	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$448,772
Total Liabilities	$0
Net Assets	$448,772

Compensation

Key Employees and Officers	Compensation	Related	Other
T Gerald Walker (Chairman)	$800	$0	$0
Scott C Jaeger (Secretary)	$800	$0	$0
Mel York (Director)	$800	$0	$0
Dr James L Price (Director)	$800	$0	$0
M Scott Spear (Assistant Se)	$200	$0	$0

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990

Filed on Nov. 13, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$577,663

Expenses

$581,810

Net Income

-$4,147

Net Assets

$478,392

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$541,500	93.7%
Investment Income	$15,003	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,116	2.1%
Net Inventory Sales	$0
Other Revenue	$9,044	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,600	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$480,327
Total Liabilities	$1,935
Net Assets	$478,392

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr James L Price (Director)	$600	$0	$0
T Gerald Walker (Chairman)	$500	$0	$0
Mel York (Director)	$500	$0	$0
M Scott Spear (Assistant Se)	$500	$0	$0
Scott C Jaeger (Secretary)	$500	$0	$0

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990

Filed on Aug. 15, 2014

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2012

Revenue

$562,261

Expenses

$543,736

Net Income

$18,525

Net Assets

$450,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$538,500	95.8%
Investment Income	$19,544	3.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,217	0.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$451,983
Total Liabilities	$1,722
Net Assets	$450,261

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$575,201

Expenses

$534,733

Net Income

$40,468

Net Assets

$416,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$540,000	93.9%
Investment Income	$23,872	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,329	2.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,500	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$420,716
Total Liabilities	$4,711
Net Assets	$416,005

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$512,619

Expenses

$527,142

Net Income

-$14,523

Net Assets

$409,785

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$498,000	97.1%
Investment Income	$18,812	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,193
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,000	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$450,445
Total Liabilities	$40,660
Net Assets	$409,785

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated December 20, 2024

Foundation For The Elderly Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.76k (2023)

Expenses $182k (2023)

Total Assets $202k (2023)

Total Liabilities $101k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$3.76k (2023)

Expenses

$182k (2023)

Total Assets

$202k (2023)

Total Liabilities

$101k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001