Fellowshiplife Foundation Inc

What it reported doing in 2024

Fellowshiplife, inc. Is the sole member of the foundation. The formation of the foundation provides greater opportunities to raise funds in support of our affiliated senior living communities. These funds help enhance programs and services, support campus upgrades, and physical infrastructure. Additionally, we raise funds to provide benevolent care and to support team members' education and emergencies needs. Through a number of different initiatives, we raise funds for the foundation to disperse to fellowship village projects and programs. Current initiatives include the annual gala, individual donations (annual appeal), corporate matching gifts, pledges, a car donation program, memorial donations, bequests, naming opportunities, and membership in the main stage society. Fellowshiplife foundation raises funds to support the fellowship village community, as well as home and community based services. These services are offered to seniors throughout New Jersey and include home-health services, hospice, fellowship freedom plans and physical, occupational and speech therapies both on and off campus. Fellowship village is home to over 400 residents enjoying lifestyles from single family independent living homes, villas and apartments to assisted living, skilled nursing and memory care homes. The life plan community (also known as ccrc) offers a full complement of lifestyle enhancements, in addition to five-star dining. The addition of a new cultural arts center featuring a state-of-the-art-theater, upscale bar & lounge with alfresco dining, expanded medical center and spa and fitness center will ensure fellowship village remains a leader in senior living. These projects are supported in part through the support of the fellowshiplife foundation.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 92%; rating input score 92
• Fundraising efficiency: $454.6 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

• Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 98%; rating input score 98; 34th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -114%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 3.7; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: 50% per year; rating input score 100; 97th percentile among comparable filings
• Revenue growth: 20.8% per year; rating input score 100; 89th percentile among comparable filings
• Asset growth: 41.4% per year; rating input score 100; 96th percentile among comparable filings