Charity Review

Issued: September 2015 Expires: September 2017

Charity Seal Holder

Ohio Living Foundation

Meets Standards
 
(614) 888-7800 1001 Kingsmill Pkwy, Columbus OH 43229-1129 www.oprsfoundation.org
  1. Conclusions
  2. Purpose
  3. Programs
  4. Governance & Staff
  5. Fund Raising
  6. Tax Status
  7. Financial
  8. BBB Comment
Conclusions

Ohio Living Foundation meets the 20 Standards for Charity Accountability.

Purpose

MISSION STATEMENT:

To partner with donors to provide charitable support for the people, projects and programs of Ohio Living, Inc.

Incorporated: 2016 in OH

Also Known As: OPRS Foundation

Programs

Since its creation in 1986, Ohio Living Foundation donors have given more than $218 million towards its mission to provide charitable support for the people, projects and programs of Ohio Living. Donors may always designate their gifts to support primary and ongoing areas of concern, which include:

Life Care Commitment - Helps assure Ohio Living residents they will always have a home in an Ohio Living community even if, in good faith, they run out of funds meant to see them through. Ohio Living has lived up to this commitment since its founding in 1922.

Senior Independence - The central goal is to help older adults remain independent. Gift support provides assistance for a variety of services, including adult day care, home health care, personal care and hospice.

Capital Improvements - Includes ongoing renovations of current facilities and development of wellness centers and special care units. The Foundation helps meet Ohio Living's larger capital needs through campaigns that support specific projects.

Spiritual Life - Enhancing the spiritual lives of our residents. Nine of the Ohio Living campuses have chaplains on staff and most communities have their own chapel. Gift support helps provide programs for residents and families, as well as training for staff.

Endowment - Many donors want to ensure the programs they support now will be available for older adults in the years to come. Endowment funds are permanently invested to provide income for the long term benefit of Ohio Living, Inc. Only the income from an endowment fund can be used, leaving the principal preserved to permanently support the donor's selected purpose.

Hospice - Donor support enhances patient care, as well as Make It Happen, a wish-fulfillment program that provides special moments of joy and meaning for those nearing the end of their lives.

Governance & Staff

Board Chair: Mr. John L. Gray, Foundation Board Chairperson Business Affiliation: Nationwide Insurance Company, Retired

CEO: Mr. Thomas G. Hofmann, Foundation President

Board Size: 21

Staff: 24

Fund Raising
Method(s) used: Direct Mail Appeals Print Advertisements (Newspapers, Magazines, etc.) Grant Proposals Internet Appeals Planned Giving Arrangements

% of Related Contributions on Fundraising: 30.91%

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

Financial

The following information is based on Ohio Living Foundation IRS Form 990 for the fiscal year ending Monday, June 30, 2014.

Source of Funds
Government Grants $294,836
Contributions, Gifts and Grants $7,103,334
Investment Income $1,391,410
Net Gain on Sales of Assets other than Inventory $2,112,006
Total Income: $10,901,586
 
Fusion Chart
 
Fundraising Expenses: $2,286,752
Administrative Expenses: $1,281,574
Total Expenses: $3,568,326
 
Income in Excess of Expenses: $7,333,260
 
Beginning Net Assets: $63,504,509
Ending Net Assets: $70,139,501
Total Liabilities: $4,177,691
Total Assets: $74,317,192

This organization does not provide direct social, human or health care services, rather, it partners with donors to provide charitable support for the people, projects and programs of Ohio Living, Inc.

BBB Comment

A BBB Accredited Charity since September 2015. BBB has determined that in addition to meeting BBB's 20 Standards for Charity Accountability, Ohio Living Foundation, Inc. adheres to the BBB Code of Business Practices, which includes a commitment to make a good faith effort to resolve any complaints. Charities that display the BBB Accredited Charity Seal pay a fee for review / monitoring and for support of BBB's services to the public. BBB accreditation does not mean that this charity's programs or services have been evaluated or endorsed by BBB or that BBB has made a determination as to this charity's competency in performing services.


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This report is not to be used for fund raising or promotional purposes.

Standards Legend

  • Meets Standards IconMeets Standards
  • Standards Not Met IconStandards Not Met
  • Did Not Disclose IconDid Not Disclose
  • Review in Progress IconReview in Progress
  • Unable to Verify IconUnable to Verify
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Standard 10: Accumulating Funds


Description:

Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

Ohio Living Foundation does not meet meet this standard because:

According to the charity's IRS Form 990 for the year-ended 6/30/2014, its total unrestricted net assets available for use were $18,796,881.00 or 5.27 times its past year's expenses of $3,568,326.00.

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Standard 11: Audit Report


Description:

Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

Ohio Living Foundation does not meet meet this standard because:

 

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Standard 16: Annual Report


Description:

Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Ohio Living Foundation does not meet meet this standard because:

The charity's most recent annual report to the public did not include the amount the charity spent on program service activities during the past fiscal year, the amount spent on fundraising activities during the past fiscal year or the amount the charity spent on administrative expenses during the past fiscal year.

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Standard 17: Website Disclosures


Description:

Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

Ohio Living Foundation does not meet meet this standard because:

Although the charity solicits for contribution on its website, http://www.oprsfoundation.org, the charity does not list its total program expenses for the past fiscal year on its website, the charity does not list its total fundraising expenses for the past fiscal year on its website, the charity does not list its total administrative expenses for the past fiscal year on its website, the charity does not list its total end-of-year net assets for the past fiscal year on its website and the charity does not provide access to its most recent IRS Form 990 on its website.