Charity Report

  • Issued: N/A
  • Expires: January 2023

FiftyForward

Accredited Charity

Meets Standards

615-743-3400

174 Rains Ave
Nashville, TN 37203-5319

http://fiftyforward.org

615-743-3400

174 Rains Ave
Nashville, TN 37203-5319

http://fiftyforward.org

Accredited Charity

Meets Standards

Standards For Charity Accountability

Governance

  1. Board Oversight

    Oversight of Operations and Staff: Standard 1

    Description
    Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fundraising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

    The organization meets this standard.

  2. Board Size

    Number of Board Members: Standard 2

    Description
    Soliciting organizations shall have a board of directors with a minimum of five voting members.

    The organization meets this standard.

  3. Board Meetings

    Frequency and Attendance of Board Meetings: Standard 3

    Description
    An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

    The organization meets this standard.

  4. Board Compensation

    Compensated Board Members: Standard 4

    Description
    Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

    The organization meets this standard.

  5. Conflict of Interest

    Conflict of Interest: Standard 5

    Description
    No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

    The organization meets this standard.

Measuring Effectiveness

  1. Effectiveness Policy

    Board Policy on Effectiveness: Standard 6

    Description
    Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

    The organization meets this standard.

  2. Effectiveness Report

    Board Approval of Written Report on Effectiveness: Standard 7

    Description
    Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

    The organization meets this standard.

Finances

  1. Program Expenses

    Program Service Expense Ratio: Standard 8

    Description
    Spend at least 65% of its total expenses on program activities.

    The organization meets this standard.

  2. Fundraising Expenses

    Fundraising Expense Ratio: Standard 9

    Description
    Spending should be no more than 35% of related contributions on fundraising. Related contributions include donations, legacies, and other gifts received as a result of fundraising efforts.

    The organization meets this standard.

  3. Accumulating Funds

    Ending Net Assets: Standard 10

    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.

    The organization meets this standard.

  4. Audit Report

    Financial Statements: Standard 11

    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 $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, 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.

    The organization meets this standard.

  5. Detailed Expense Breakdown

    Detailed Functional Breakdown of Expenses: Standard 12

    Description
    Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fundraising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

    The organization meets this standard.

  6. Accurate Expense Reporting

    Accuracy of Expenses in Financial Statements: Standard 13

    Description
    Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fundraising expenses or otherwise understate the amount a charity spends on fundraising, and/or overstate the amount it spends on programs will not meet this standard.

    The organization meets this standard.

  7. Budget Plan

    Budget: Standard 14

    Description
    Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fundraising, and administration.

    The organization meets this standard.

Fundraising & Info

  1. Truthful Materials

    Misleading Appeals: Standard 15

    Description
    Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

    The organization meets this standard.

  2. Annual Report

    Annual Report: Standard 16

    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, fundraising and administrative categories as in the financial statements, and (iii) ending net assets.

    The organization meets this standard.

  3. Website Disclosures

    Web Site Disclosures: Standard 17

    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.

    The organization meets this standard.

  4. Donor Privacy

    Privacy for Written Appeals & Internet Privacy: Standard 18

    Description
    Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

    The organization meets this standard.

  5. Cause Marketing Disclosures

    Cause Related Marketing: Standard 19

    Description
    Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).

    The organization meets this standard.

  6. Complaints

    Complaints: Standard 20

    Description
    Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fundraising practices, privacy policy violations and/or other issues.

    The organization meets this standard.

Conclusion

FiftyForward meets the 20 Standards for Charity Accountability.

Purpose

  • Year, State Incorporated

    1956, TN

  • Stated Purpose

    Mission Statement: FiftyForward (formerly Senior Citizens, Inc.) enriches the lives of adults 50 by providing pathways to health, well-being and lifelong learning. Impact Statement: FiftyForward combats loneliness/depression in active seniors through socialization, educational and volunteer activities at our seven centers.Background Statement: For its entire history, FiftyForward (formerly Senior Citizens, Inc.) has been devoted to supporting healthy aging.


Programs

FiftyForward Living at Home Services (LAHS)Living at Home Services (LAHS) provides in-home assessments identifying needs/resources. Customer-centered care plans are developed with the care manager, linkage with needed appropriate services and follow up service monitoring. LAHS also provides respite and companion care for those persons who are isolated and/or whose families must work outside the home, home delivered Meals on Wheels (weekday, weekend and Thanksgiving/ Christmas days) for those unable to cook for themselves, services and advocacy for victims of crime including neglect, abuse, exploitation through Victory Over Crime, in-home counseling for those experiencing difficult life adjustments through the Senior Support program, Conservatorship services (for health and/or property decisions) for those the court adjudicates are unable to make sound decisions in their own behalf. Our goal is to serve 427 frail adults to help them to live independently. Success is measured when they continue to do so.FiftyForward Adult Day Services (ADS)Adult Day Services (ADS) provides senior day care Monday through Friday 7:00 - 5:00 in a safe and caring environment for 30 - 40 frail older adults per day (60-70 annually) who are no longer able to remain alone 24 hours a day 7 days a week. Breakfast snacks, hot lunches and afternoon snacks are served in a family style setting to assure that they have adequate nutrition and fellowship opportunities. All participants receive health monitoring services, daily appropriate physical exercise, peer socialization, cognitive (orientation and memory retention) stimulation as well as eye and hand physical stimulation through craft activities. Over 70% are transported to and from ADS and to occasional medical appointments. Participants and caregivers receive, from staff, emotional support, education, information, referral, consultation and connection with community resources. Success is: participants staying in the program until their health necessitates institutionalization or death occurs.FiftyForward Reaching OutThe Reaching Out Program in seven FiftyForward centers helps adults age 50 maintain/improve their overall health by participating regularly in a variety of educational, recreational, health, wellness, fitness and socialization activities. Many new classes and activities have been added. At the FiftyForwardJ.L.TurnerCenter, a partnership with the YMCA of Middle Tennessee, 2,000 persons benefit from the dual membership. 3,500 seniors will be served during the year by five senior centers in DavidsonCounty. It is estimated that only 200 of those seniors will meet United Way eligibility criteria (200% poverty level, and/or live in family resource neighborhoods or in 37203, 37208 zip codes, or eligible to receive needs based public assistance AND participate in an average of one activity per week per quarter AND complete the required quarterly self report survey (the measurement tool).FiftyForward Foster Grandparent Program (FGP)The Foster Grandparent Program(FGP) is a volunteer program funded primarily by the Corporation for National and Community Service. Low income volunteers age 60 receive a $2.65/hour stipend and serve at risk children 20 hours/week, giving one-on-one attention, nurturing guidance and modeling acceptable social behaviors. Children gain skills and knowledge in preparation to attend and be successful in school. The FGP is in more than 13 sites in Davidson County: Head Start programs, a charter school, an institution for children with severe disabilities, a YMCA children's program, church childcare programs and in non profit childcare agencies. 1200 children are served annually. Currently, 69 volunteers are enrolled in the program to provide 72,000 volunteer hours per year. The volunteer benefits include: stipend, free lunches, free liability and excess auto liability insurance, free physicals, recognition, paid vacation/sick leave, socialization and helping children be successful.FiftyForward RSVP including FLIP (Friends Learning in Pairs)FiftyForward RSVP is a program of the Corporation for National and Commuity Service. RSVP recruits, trains and places 720 volunteers age 55 and older in more than 80 private and public not-for-profit organizations in Davidson and Williamson counties, providing expertise, wisdom and talents through their service. In the Friends Learning in Pairs (FLIP) program, approximately 200 volunteers tutor more than 800 low-income, academically at-risk children in grades k-4 in 34 schools. The goal is for 75% of those students to increase their reading skills by meeting benchmark reading level or the equivalent of one year's progress by the end of the school year. The student's progress is measured by the Reading Assessment tool administered by the public schools. Schools then share the results with FLIP staff.

For the year ended June 30, 2011, FiftyForward program expenses were:

Total Program Expenses $4,053,620
Program Expenses $4,053,620

Governance & Staff

  • CEO

    Ms. Janet Jernigan, Executive Director

  • Compensation*

    ¤9,222,200.00

  • Board Chair

    James L. McGregor, Board Chairperson

  • Chair's Profession / Business Affiliation

    Retired

  • Board Size

    52

  • Paid Staff Size

    4526

Governance

* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.

Fundraising

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 FiftyForward's IRS Form 990 for the fiscal year ending June 30, 2011

Source of Funds
Revenue $4,819,307
Total Income $4,819,307

Breakdown of Expenses

Total Income $4,819,307
Total Expenses: $4,980,407
Program Expenses $4,053,620
Fundraising Expenses $0
Administrative Expenses $926,787
Other Expenses $0
Expenses in Excess of Income $161,100
Beginning Net Assets $0
Ending Net Assets $0
Total Liabilities $0
Total Assets $15,480,240

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