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The Glenridge on Palmer Ranch

Sarasota, FL · EIN 59-3472733 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

The Glenridge on Palmer Ranch reported $54.6 million in revenue and $52.4 million in expenses for calendar year 2024. Of every $100 it spent, $86.77 went to program services, $13.22 to management and general costs and $0.01 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.2% of the total. The highest compensation it reported for one person was $580,875 (LIFE PLAN CONSULTANT). 5 people received more than $100,000 in reportable compensation. Revenue rose 48% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $52M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $55M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
86.8%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
13.2%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.1%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
97.2%58.9%
Highest reported compensation
Part VII-A, columns D–F
$580,875$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.11%1.38%
People paid over $100,000
Part VII, line 2
56
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-21.06.8
Independent voting board members
Part VI 1a–1b
8 of 8100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$45M expenses · 100.0% of program spending · revenue $53M

The glenridge has a permanent certificate of authority and certificate of need from the state of florida to operate as a continuing care retirement facility. The glenridge constructed a continuing care retirement community containing approximately four hundred seventy (470) living and nursing units to provide housing, health care, and other related services to residents in sarasota, fl

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
LIFE PLAN CONSULTANT
Highest compensated employee, 40.00 hrs/week
$580,875$0$0$580,875
LIFE PLAN CONSULTANT
Highest compensated employee, 40.00 hrs/week
$380,047$0$0$380,047
LIFE PLAN CONSULTANT
Highest compensated employee, 40.00 hrs/week
$206,591$0$0$206,591
DIRECTOR OF LIFE PLANNING
Highest compensated employee, 40.00 hrs/week
$166,624$0$0$166,624
LIFE PLAN CONSULTANT
Highest compensated employee, 40.00 hrs/week
$148,437$0$0$148,437

5 people received more than $100,000 in reportable compensation from The Glenridge on Palmer Ranch (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$55M$52M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$55M$52M86.8%−$92M$580,875
2023 ⓘ$45M$48M85.6%−$97M$482,955
2022 ⓘ$42M$42M86.0%−$95M$304,992
2021 ⓘ$37M$40M85.7%−$103M$172,528
2020 ⓘ$39M$40M86.2%−$104M$181,970
2019 ⓘ$37M$38M87.3%−$99M$166,444

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5469

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
PRAXEIS LLC
Management services
$3,754,939
TAYLOR BUILT CONSTRUCTION INC
Construction services
$3,477,445
PRAXEIS DEVELOPMENT & MANAGEMENT LLC
Development services
$1,247,107

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from The Glenridge on Palmer Ranch's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Glenridge on Palmer Ranch, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in Florida

Questions people ask

How much of The Glenridge on Palmer Ranch's spending goes to programs?

In calendar year 2024, The Glenridge on Palmer Ranch reported that 86.8% of its $52.4 million in expenses went to program services, 13.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does The Glenridge on Palmer Ranch pay its top executive?

The largest total compensation The Glenridge on Palmer Ranch reported for one person in calendar year 2024 was $580,875, for the role of LIFE PLAN CONSULTANT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Glenridge on Palmer Ranch get its money?

Of $54.6 million in revenue in calendar year 2024, 1.1% came from contributions and grants and 97.2% from program service revenue (Form 990, Part VIII).

Is The Glenridge on Palmer Ranch a registered charity?

The IRS lists EIN 59-3472733 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523189349311502 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202530989349301553 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202400469349301470 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202242699349300459 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202112799349300146 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013189349306806 · read the filing

All filings for EIN 59-3472733: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.