National Council on Aging meets the 20 Standards for Charity Accountability.
National Council on Aging (NCOA) helps people aged 60 and older meet the challenges of aging. The organization focuses its efforts into two core areas of impact: health and economic security. NCOA works to provide senior citizens with job and volunteer placement, counseling, educational workshops and tools. The organization also provides chronic disease management programs for seniors and senior centers, educational support for caregivers, and technical assistance for senior centers. NCOA reports that it supports a national network of senior center professionals dedicated to helping older adults remain active, engaged, and independent in their communities through its National Institute of Senior Centers (NISC) membership organization. The organization reports that NISC offers an accreditation program that provides recognition that a senior center meets nine national standards of senior center operations.
For the year ended June 30, 2020, National Council on Aging's program expenses were:
Workforce development |
$33,969,501 |
Access to benefits |
$12,836,346 |
Healthy aging programs |
$2,224,898 |
Aging mastery program |
$2,017,021 |
Economic security issues |
$1,156,845 |
Membership services and outreach |
$1,065,696 |
Retirement education programs |
$936,534 |
Public policy and advocacy |
$463,676 |
COVID programs |
$71,743 |
Total Program Expenses: |
$54,742,260 |
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Chief Executive
Ramsey Alwin, President and Chief Executive Officer
-
Compensation*
$0
-
Chair of the Board
Kathy Greenlee
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Chair's Profession / Business Affiliation
President and Chief Executive Officer, Greenlee Global, LLC
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Board Size
12
-
Paid Staff Size
80
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Ms. Alwin became President and Chief Executive Officer on August 21, 2020. Her compensation is not available at this time. In 2018, the previous President and Chief Executive Officer, James Firman, received $357,169 in compensation.
Method(s) Used:
Grant proposals, Internet, Radio, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $57,214,656, are donations received as a result of fundraising activities.)
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.
The following information is based on National Council on Aging's audited financial statements - consolidated for the year ended June 30, 2020.
Source of Funds |
Government grants and contracts |
$49,040,505 |
Contributions |
$7,407,275 |
Membership services and conferences |
$2,510,524 |
Corporate grants and contracts |
$766,876 |
Investment income, net |
$53,079 |
Total Income |
$59,778,259 |
- Programs: 93%
- Administrative: 6%
- Fundraising: Less than 1%
Total Income |
$59,778,259 |
Program expenses |
$54,742,260 |
Fundraising expenses |
$972,074 |
Administrative expenses |
$3,428,608 |
Other expenses |
$0 |
Total expenses: |
$59,142,942 |
Income in Excess of Expenses |
$635,317 |
Beginning Net Assets |
$7,020,698 |
Other Changes In Net Assets |
$-851,040 |
Ending Net Assets |
$6,804,975 |
Total Liabilities |
$9,849,948 |
Total Assets |
$16,654,923 |
Note: As noted in the above financial section, "other changes in net assets" refers to pension-related changes other than net periodic cost.