Overview
What is Beaumont Retirement Services Inc?
Beaumont Retirement Services Inc, located in Bryn Mawr, Pennsylvania, is a non-profit organization dedicated to providing medical and non-medical services for the elderly community. With a vision to fulfill the social, recreational, and health needs of active adults aged 60 and above, Beaumont offers a meaningful and engaged lifestyle in a friendly atmosphere. Their mission is to ensure independence and privacy through cooperative ownership, provide excellent healthcare facilities, and ensure a strong, stable, and secure financial structure. Beaumont employs a team of 323 individuals who are committed to upholding the organization's spirit of mutual concern and respect, perpetuating their 5-star quality of life for the elderly residents.
Official website here: www.beaumontretirement.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating from Charity Navigator)
Beaumont Retirement Services Inc has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 91% in its overall evaluation, reflecting its commitment to transparency and responsible financial management. The strong performance is primarily due to a perfect score in Accountability & Finance, showcasing effective oversight and governance practices.
The organization boasts a fully independent board, with 90% of its members being independent, which enhances decision-making and reduces potential conflicts of interest. Additionally, Beaumont Retirement Services Inc has implemented comprehensive policies relating to whistleblowing, conflict of interest, and document management, all of which contribute to a strong ethical framework. The emphasis on audit and oversight is further reflected in their financial statements, which are well-maintained and available for review.
However, while the financial ratios indicate a solid structure, the liabilities to assets ratio of 57.21% suggests that there is room for improvement in managing their debt relative to assets. Nevertheless, the high program expense ratio of 84.53% indicates that a significant portion of their resources is directed towards their mission, which is a positive sign for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Beaumont Retirement Services Inc legitimate?
Beaumont Retirement Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaumont Retirement Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $761,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,341,610
For more financial information, click here
Official website here: www.beaumontretirement.com
What is the mission statement of Beaumont Retirement Services Inc?
Beaumont Retirement Services Inc was established as a non-profit organization to address the demand for a vibrant and high-quality retirement community for active adults aged 60 and above. Their vision is to cater to the social, recreational, and health needs of this demographic. In order to achieve this goal, Beaumont offers a meaningful and engaged lifestyle in a friendly atmosphere, fostering independence and privacy through a cooperative ownership structure. The community prides itself on excellent healthcare facilities and security, as well as a robust financial structure to ensure stability and security for its residents. A spirit of mutual concern and respect permeates the community among residents and staff, contributing to Beaumont's commitment to maintaining a 5-star quality of life.
Official website here: www.beaumontretirement.com
Who is the CEO of Beaumont Retirement Services Inc?
Susan Kendra is the Chairman of Beaumont Retirement Services Inc.
Official website here: www.beaumontretirement.com
What is the revenue of Beaumont Retirement Services Inc?
Beaumont Retirement Services Inc's revenue in 2022 was $23,890,223.
Official website here: www.beaumontretirement.com
Who are the executives of Beaumont Retirement Services Inc and what are their salaries?
The average compensation at Beaumont Retirement Services Inc during 2022 was $34,376. There are 323 employees and 9 volunteers at Beaumont Retirement Services Inc.
Here are 16 key members and their salaries:
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- Other: $0
- Compensation: $450,278
- Related: $0
- Other: $26,569
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- Other: $0
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- Other: $0
- Compensation: $266,685
- Related: $0
- Other: $20,342
- Compensation: $124,431
- Related: $0
- Other: $17,374
- Compensation: $122,939
- Related: $0
- Other: $21,911
- Compensation: $124,038
- Related: $0
- Other: $30,514
- Compensation: $142,487
- Related: $0
- Other: $6,541
- Compensation: $139,278
- Related: $0
- Other: $12,348
Official website here: www.beaumontretirement.com
Where can I find the form 990 for Beaumont Retirement Services Inc?
Beaumont Retirement Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaumontretirement.com
Learn more at the official website: www.beaumontretirement.com
Mission Statement of Beaumont Retirement Services Inc
Beaumont Retirement Services Inc, a non-profit organization, was established with a vision to create a thriving retirement community that caters to the social, recreational, and health needs of active adults aged 60 and above. The organization's mission is to foster an engaging and meaningful lifestyle for its residents, offering them independence and privacy through a cooperative ownership structure. Beaumont Retirement Services Inc prides itself on providing excellent healthcare facilities and prioritizing the safety and security of its residents. Furthermore, the organization's financial structure is strong, stable, and secure, allowing it to maintain a 5-star quality of life for its residents.
The spirit of mutual concern and respect among residents and staff is a cornerstone of Beaumont Retirement Services Inc. This value is crucial in creating a vibrant and supportive community where everyone feels connected and valued. The organization's commitment to its residents' well-being extends beyond their immediate needs, striving to ensure their overall happiness and contentment.
Beaumont Retirement Services Inc's mission is to deliver more than just a retirement community; it's a place where seniors can live an active, engaged, and fulfilling life. Independence, privacy, and a sense of belonging are at the heart of its offerings, while excellent healthcare facilities and a secure financial structure provide peace of mind for its residents and their families. Through its spirit of mutual concern and respect, Beaumont Retirement Services Inc aims to create a community where seniors can thrive and age gracefully.
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Impact
October, 2024
Beaumont Retirement Services Inc significantly enhances the quality of life for active adults aged 60 and older. By creating a vibrant and engaging retirement community, Beaumont addresses both the social and recreational needs of its residents, fostering a sense of belonging and connection. The organization prioritizes health and wellness, providing access to excellent healthcare facilities that ensure residents receive the necessary medical and non-medical services tailored to their individual needs.
The cooperative ownership structure promotes independence and privacy while encouraging residents to participate in a community that values mutual respect and care among both residents and staff. Beaumont's commitment to a strong and secure financial foundation further supports its mission, enabling the provision of a stable environment where seniors can thrive.
Overall, Beaumont Retirement Services Inc cultivates a meaningful living experience, enriching the lives of its residents through a blend of support, community engagement, and comprehensive care.
This information is meant to be a general summary of Beaumont Retirement Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $302,730
- Program Service Revenue: $22,814,058
- Gross Receipts: $23,943,309
Assets and Liabilities:
- Total Assets: $46,820,543
- Total Liabilities: $26,789,391
- Net Assets: $20,031,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE CHARGES
Revenue
$12,312,200
RESIDENT BILLINGS
Revenue
$5,093,144
CARE FACILITY
Revenue
$3,841,607
PERSONAL CARE FACILITY
Revenue
$805,770
OTHER PATIENT SERVICE REVENUE
Revenue
$410,680
Organization Details
Founding Year
1984
Phone
(610) 526-7000Principal Officer
Susan Kendra
Main Address
601 NORTH ITHAN AVENUE, BRYN MAWR, PA, 19010
Website
www.beaumontretirement.comNTEE Category
Code: P750 - Human services
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