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Episcopal Retirement Services Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311570272 ✦ Cincinnati, OH ✦ Designated as a 501(c)(3)

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Overview

What is Episcopal Retirement Services Foundation?

The Episcopal Retirement Services Foundation, based in Cincinnati, Ohio, serves as a vital support system for Episcopal Retirement Services (ERS) and Episcopal Retirement Homes, Inc. (ERH). The foundation's primary role involves soliciting, receiving, and investing funds, which enable both organizations to continue their operations and development. They specialize in senior housing for the community, including continuing care retirement communities, affordable subsidized housing, community services, Meals on Wheels, and Parish Health Ministry. The foundation's mission extends beyond ERH, as it also provides financial support to other organizations affiliated with ERS.


Official website here: www.episcopalretirement.com

Is Episcopal Retirement Services Foundation legitimate?

Episcopal Retirement Services Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Retirement Services Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.episcopalretirement.com

What is the mission statement of Episcopal Retirement Services Foundation?

The Episcopal Retirement Services Foundation was established with the primary purpose of raising funds, acquiring property, and investing money. Its mission is to disburse these funds and their income, at appropriate times, to Episcopal Retirement Services (ERS) and other organizations that ERS is affiliated with. These affiliated organizations include Episcopal Retirement Homes, Inc., Episcopal Retirement Services Development, LLC, and Episcopal Retirement Homes Affordable Living LLC, among others. The foundation's role is to support these organizations in their efforts to provide retirement services.


Official website here: www.episcopalretirement.com

Who is the CEO of Episcopal Retirement Services Foundation?

Laura Lamb is the Director/President/Ceo of Episcopal Retirement Services Foundation. The CEO's salary of Episcopal Retirement Services Foundation is $0 and their total compensation is $556,318.


Official website here: www.episcopalretirement.com

What is the revenue of Episcopal Retirement Services Foundation?

Episcopal Retirement Services Foundation's revenue in 2022 was $2,413,369.


Official website here: www.episcopalretirement.com

Who are the executives of Episcopal Retirement Services Foundation and what are their salaries?

There 7 volunteers at Episcopal Retirement Services Foundation.


Here are 14 key members and their salaries (Episcopal Retirement Services Foundation's CEO's salary is $0 and their total compensation is $556,318):


Laura Lamb (Director/President/Ceo)
  • Compensation: $0
  • Related: $495,034
  • Other: $61,284
Joann Hagopian (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Regan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon B Boss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Bruns (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Workman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Apryl Pope (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Steward (Cfo/Treasurer/Secretary)
  • Compensation: $0
  • Related: $249,143
  • Other: $27,051
Joan Wetzel (Vp, Hr & Org Dev)
  • Compensation: $0
  • Related: $169,795
  • Other: $26,816
Beverly Edwards (Vp, Health Services)
  • Compensation: $0
  • Related: $201,997
  • Other: $3,108
Bryan Reynolds (Vp, Marketing)
  • Compensation: $0
  • Related: $146,738
  • Other: $24,130
James Wilson (Vp, Affordable Living)
  • Compensation: $0
  • Related: $188,694
  • Other: $11,047
Megan Bradford (Vp, Middle Market & Ministry)
  • Compensation: $0
  • Related: $148,349
  • Other: $4,360


Official website here: www.episcopalretirement.com

Where can I find the form 990 for Episcopal Retirement Services Foundation?

Episcopal Retirement Services Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.episcopalretirement.com

Learn more at the official website: www.episcopalretirement.com

Mission Statement of Episcopal Retirement Services Foundation

Episcopal Retirement Services Foundation was established with a specific mission in mind. Its primary objective is to collect, manage, and invest funds, as well as the income derived from these investments. The foundation's purpose is to disburse these funds, at appropriate times, to Episcopal Retirement Services (ERS) and other organizations that ERS is affiliated with. These affiliated organizations include Episcopal Retirement Homes, Inc., Episcopal Retirement Services Development, LLC, Episcopal Retirement Homes Affordable Living LLC, and all their respective affiliates. The foundation's role is to support these organizations financially, thereby contributing to their operations and overall mission. By doing so, Episcopal Retirement Services Foundation plays a vital role in the broader network of Episcopal Retirement Services, providing financial resources that help these organizations to fulfill their respective missions.

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Impact




October, 2024

Episcopal Retirement Services Foundation has made a significant impact in the community by effectively soliciting, receiving, and investing funds that support senior living initiatives. Its efforts have directly facilitated the development and sustainability of various senior housing options, including continuing care retirement communities and affordable subsidized housing.

By providing financial resources, the Foundation enables Episcopal Retirement Services and its affiliates to offer essential community services such as Meals on Wheels and parish health ministry programs. These initiatives not only enhance the quality of life for seniors but also promote active and healthy lifestyles within the community. The Foundation’s dedicated approach to managing and disbursing funds ensures that vital services continue to thrive, responding to the growing needs of the aging population in Cincinnati and surrounding areas.




This information is meant to be a general summary of Episcopal Retirement Services Foundation. 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.

Revenue
$2,413,369 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Expenses
$3,065,813 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $397,796
  • Gross Receipts: $2,480,959

Assets and Liabilities:

  • Total Assets: $53,161,316
  • Total Liabilities: $71,724
  • Net Assets: $53,089,592

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Organization Details

Founding Year

1997

Principal Officer

Laura Lamb

Main Address

3870 VIRGINIA AVE, CINCINNATI, OH, 45227

NTEE Category

Code: P110 - Human services

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