FELLOWSHIPLIFE FOUNDATION INC

EIN: 842975643 501(c)(3) Human Services

BASKING RIDGE, NJ

Total Revenue
$3,722,284
Total Expenses
$8,399,013
Total Assets
$22,982,025
Net Assets
$22,907,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NJ
Principal Officer
MARK MAZZELLA
Phone
9735803875
Tax Period
2023-01-01 to 2023-12-31

FELLOWSHIPLIFE FOUNDATION INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $8.4M exceeded revenue, resulting in a 126% operating deficit.

Mission

FELLOWSHIPLIFE FOUNDATION ADVANCES THE FELLOWSHIP VILLAGE MISSION BY PROVIDING PHILANTHROPIC SUPPORT TO BENEFIT FELLOWSHIP VILLAGE RESIDENTS AND OLDER ADULTS THROUGHOUT THE REGION THROUGH PROGRAMS, SERVICES, AND COMMUNITY ENHANCEMENTS. THE FOUNDATION IS COMMITTED TO WORKING IN PARTNERSHIP WITH LIKE-MINDED ORGANIZATIONS IN THE BROADER COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $8,008,593 Revenue: $0

TO SUPPORT ITS PHILANTHROPIC INITIATIVES, FELLOWSHIP VILLAGE CREATED THE FELLOWSHIPLIFE FOUNDATION ON JULY 16, 2019. FELLOWSHIP VILLAGE, INC. IS THE SOLE MEMBER OF THE FOUNDATION. THE FORMATION OF...

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TO SUPPORT ITS PHILANTHROPIC INITIATIVES, FELLOWSHIP VILLAGE CREATED THE FELLOWSHIPLIFE FOUNDATION ON JULY 16, 2019. FELLOWSHIP VILLAGE, INC. IS THE SOLE MEMBER OF THE FOUNDATION. THE FORMATION OF THE FOUNDATION PROVIDES GREATER OPPORTUNITIES TO RAISE FUNDS TO SUPPORT FELLOWSHIP VILLAGE BY ENHANCING PROGRAMS AND SERVICES AND UPGRADING AND EXPANDING THEIR PHYSICAL CAPABILITIES AND CAMPUS. WE ALSO RAISE FUNDS TO SUPPORT BENEVOLENT CARE AND TEAM MEMBER EDUCATION AND EMERGENCIES.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.MOST RECENTLY, THE FOUNDATION DISPERSED $60,910 TO FELLOWSHIP VILLAGE, INC. TO SUPPORT THE HEALTHCARE HEROES PROGRAM; A CAMPAIGN WHICH RAISED FUNDS TO OFFSET THE COSTS FELLOWSHIP INCURRED IN ORDER TO PURCHASE ESSENTIAL PROTECTIVE EQUIPMENT AND PROVIDE HAZARD PAY FOR FRONT LINE TEAM MEMBERS DURING THE RECENT PANDEMIC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,638,440
Program Service Revenue $0
Investment Income $100,400
Other Revenue $-16,556
TOTAL REVENUE $3,722,284

Expense Breakdown

Grants Paid $8,008,593
Salaries & Benefits $279,245
Fundraising Expenses $28,701
Program Expenses $8,008,593
Other Expenses $111,175
TOTAL EXPENSES $8,399,013

Year-over-Year Comparison

2023 2022 Change
Revenue $3,722,284 $1,618,532 +1.3%
Expenses $8,399,013 $293,315 +27.6%
Net Income $-4,676,729 $1,325,217 -4.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$860,841
Total Directors
13
$860,841
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN G LAWRENCE DIRECTOR, PRESIDENT & CEO 1.00
Officer Director
$0 $82,167 $860,841
DR JUDY PASNIK CHAIR 1.00
Officer Director
$0 $0 $0
DEBORAH CMIELEWSKI VICE CHAIR 1.00
Officer Director
$0 $0 $0
JON KLIPPEL TREASURER 1.00
Officer Director
$0 $0 $0
NANCY ALFANO SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BADERTSCHER DIRECTOR 1.00
Director
$0 $0 $0
STANLEY J MORIN DIRECTOR 1.00
Director
$0 $0 $0
DEIRDRE HART DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SIEGLER DIRECTOR 1.00
Director
$0 $0 $0
FR RICHARD MORLEY DIRECTOR 1.00
Director
$0 $0 $0
NORMAN WORTH DIRECTOR 1.00
Director
$0 $0 $0
DONALD BERLIN DIRECTOR (UNTIL 11/23) 1.00
Director
$0 $0 $0
KENNETH LISS DIRECTOR (UNTIL 11/23) 1.00
Director
$0 $0 $0
JULIE SCHULDNER EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,722,284 $8,399,013 $22,982,025 $-4,676,729
2022 $1,618,532 $293,315 $4,324,723 $1,325,217
2021 $840,262 $361,030 $3,328,738 $479,232
2020 $1,188,552 $256,354 $2,620,641 $932,198
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