2017-05-01T09:25:22-05:00 2016-06-30 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2015-07-01 262700185 Total Community Options Foundation Inc % NEXTFIFTY INITIATIVE TOTA 3035471800 387 Corona Street Suite 508 Denver CO 80218 MARCO CHAYET Board Chair 3035471800 2017-05-15 true David S Mason CPA P00137279 7194714290 2017-05-15 2015 2017-02-10 21:41:12Z X NextFifty Initiative Marco Chayet Board Chair 387 Corona St 508 DENVER CO 80218 215678898 false X WWW.NEXTFIFTYINITIATIVE.ORG X 2008 CO TO PROMOTE INDEPENDENCE AND DIGNITY FOR THE AGING POPULATION BY ENCOURAGING AND SUPPORTING INNOVATIVE, AFFORDABLE, AND COORDINATED SERVICES AND INITIATIVES. 8 8 4 79 0 343207 215462359 0 0 0 36256 -12703 -14689 330504 215483926 326062 508071 0 0 419275 445851 0 0 347028 396601 722015 1141938 1675937 -811434 213807989 85101 214673082 910838 1630376 -825737 213042706 X To promote independence and dignity for the aging population, to include the needs of low and moderate income persons, encompassing individuals with physical, cognitive, and/or behavioral disabilities, by encouraging and supporting innovative, affordable and coordinated services and initiatives. false false 735982 508071 0 THROUGH 5/12/16, INNOVAGE FOUNDATION FOCUSED ON SECURING BROAD-BASED COMMUNITY SUPPORT FOR THE PROGRAMS AND SERVICES OF TOTAL COMMUNITY OPTIONS, INC. DBA INNOVAGE. THE FOUNDATION EDUCATED THE COMMUNITY AND OBTAINED FINANCIAL SUPPORT FROM A VARIETY OF FUNDING SOURCES TO INCLUDE INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS. THE FOUNDATION'S OPERATIONS WERE FULLY SUBSIDIZED BY INNOVAGE, WHICH ENSURED THAT 100% OF ALL CONTRIBUTIONS WERE UTILIZED FOR PROGRAM SUPPORT AS DIRECTED BY THE DONOR. IN ADDITION TO DONOR CULTIVATION AND RECOGNITION, THE FOUNDATION WORKED COLLABORATIVELY WITHIN THE ORGANIZATION TO ENSURE THAT GIFTS WERE ADMINISTERED APPROPRIATELY AND IN ACCORDANCE WITH DONOR INTENT. AS OF 5/13/16, THE FOUNDATION IS NOW OPERATING UNDER A NEW MODEL, AS NEXTFIFTY INITIATIVE. NEXTFIFTY'S RENEWED PURPOSE IS TO PROMOTE INDEPENDENCE AND DIGNITY FOR THE AGING POPULATION, TO INCLUDE THE NEEDS OF LOW AND MODERATE INCOME PERSONS, ENCOMPASSING INDIVIDUALS WITH PHYSICAL, COGNITIVE, AND/OR BEHAVIORAL DISABILITIES, BY ENCOURAGING AND SUPPORTING INNOVATIVE, AFFORDABLE AND COORDINATED SERVICES AND INITIATIVES. NEXTFIFTY INITIATIVE IS NOW AN INDEPENDENT, COLORADO BASED, NONPROFIT ORGANIZATION, DEDICATED TO FUNDING MISSION-DRIVEN INITIATIVES THAT IMPROVE COMMUNITY SERVICES FOR THE ELDERLY POPULATION AND CAREGIVERS. THIS NEWLY FORMED FOUNDATION WILL SEEK, VET AND FUND GAME-CHANGING BREAKTHROUGHS TO IMPROVE AND SUSTAIN QUALITY OF LIFE FOR PEOPLE IN THE SECOND 50 YEARS OF THEIR LIFE VIA GRANTS AND FINANCIAL SUPPORT TO ORGANIZATIONS COMMITTED TO THE ELDERLY POPULATION AND THEIR CAREGIVERS. THE NEXTFIFTY INITIATIVE WILL PROVIDE STRINGENT MEASURES FOR ALL OUTCOMES, EDUCATE ABOUT PROVEN INITIATIVES AND ADVOCATE FOR TRANSFORMATIONAL CHANGE FOR ALL PEOPLE IN THEIR SECOND 50 YEARS. WE CONSIDER OURSELVES AN ENGINE FOR INNOVATION THAT TRANSFORMS AGING. OUR WORK WILL IMPACT LIFE FOR GENERATIONS TO COME. 735982 true true false false false false false false false true true false false true true false false true false false false false false false true false false true true true false false false false false false false false true false false false false true true true false true 0 0 4 true false false false false false true true false false false false X 8 8 false false true false true true true true true false false true true true true true true true true false X NEXTFIFTY INITIATIVE 3035471800 387 CORONA STREET SUITE 508 DENVER CO 80218 MARCO CHAYET BOARD CHAIR 1.0 1.0 X X 0 0 0 JILL HIGHAM CHAIR ELECT 1.0 1.0 X X 0 0 0 GREG IBSEN SECRETARY 1.0 4.0 X X 0 0 0 PARRISH BOREN TREASURER 1.0 1.0 X X 0 0 0 MAUREEN HANRAHAN BOARD MEMBER 1.0 4.0 X 0 0 0 JOIE GLENN BOARD MEMBER 1.0 4.0 X 0 0 0 RANDY MCCALL BOARD MEMBER 1.0 4.0 X 0 0 0 TIM OWEN BOARD MEMBER 1.0 1.0 X 0 0 0 MALA ALVEY Board Member through May 2016 1.0 0.0 X 0 0 0 STEVE TRAVERS Board Member through May 2016 1.0 0.0 X 0 0 0 WENDELL PRYOR BOARD CHAIR through May 2016 1.0 4.0 X X 0 0 0 LESLIE KAROTKIN EXECUTIVE DIRECTOR THROUGH DECEMBER 2015 40.0 0.0 X 191272 0 16559 MAUREEN HEWITT CEO THROUGH MAY 2016 1.0 39.0 X 0 1012246 29555 ANGELA OAKLEY CFO THROUGH MAY 2016 1.0 39.0 X 0 350892 43705 GINA DEBLASSIE COO THROUGH MAY 2016 1.0 39.0 X 0 434066 18627 VANESSA WALTON CHIEF LEGAL COUNSEL THROUGH MAY 2016 1.0 39.0 X 0 343007 28893 191272 2140211 137339 1 false true false 0 2000 23799579 191660780 5512506 215462359 0 89400 89400 0 0 0 0 0 1 53145 -53144 -53144 -53144 127138 2000 141827 -14689 -14689 0 0 0 215483926 21567 X 469411 469411 38660 38660 0 0 287585 71896 143793 71896 0 117716 35315 11772 70629 2433 730 243 1460 9837 2951 984 5902 28280 7918 7353 13009 0 266053 266053 0 0 0 0 244288 68400 63515 112373 140917 27046 69438 44433 12646 562 6267 5817 1676 469 436 771 0 18782 5259 4883 8640 2133 597 555 981 0 0 0 0 829 232 216 381 7407 2074 1926 3407 DUES/FEES/SUBSCRIPTIONS 9524 2667 2476 4381 CLAIMS FUNDING 6409 1795 1666 2948 MISCELLANEOUS EXPENSES 11351 11351 1675937 735982 592927 347028 -4559 5598176 0 185562267 0 0 0 0 0 0 0 0 0 0 0 0 89075 56086 25962 21589 4373 0 0 0 5556999 0 0 0 0 585 17895181 85101 214673082 86529 1522217 0 0 74768 0 0 0 0 0 0 0 0 0 0 0 749541 108159 910838 1630376 X -1251917 212986520 426180 56186 0 0 -825737 213042706 85101 214673082 213807989 60454 X false true X true false X 1310487 797972 441140 343207 24092624 26985430 0 0 1310487 797972 441140 343207 24092624 26985430 22760084 4225346 0 0 0 0 89400 89400 0 1 1 27074831 708998 0.15606 0.74933 X Schedule A, Part II Explanation of Unusual Grants: Total Community Options Foundation, Inc., dba NextFifty Initiative ("NextFifty") was the recipient of the net proceeds of the sale of InnovAge to private equity firm, Welsh, Carson, Anderson & Stowe. The conversion of the non-profit InnovAge to a for-profit entity was approved by Colorado Attorney General Cynthia Coffman on March 25, 2016. In addition to the initial net proceeds of the sale, NextFifty may receive additional amounts in 2018, per the Attorney Generals conversion agreement. Due to the sale, NextFifty received a cash contribution of $191,369,735 from a single source. Since this amount is significantly larger than any other contribution historically received by the organization and is the result of a one-time sale transaction, the organization has disclosed the grant as an "unusual grant,therefore is not including it as a contribution for Schedule A, Part II purposes. The organization determined the grant to be unusual due to the following factors, as set out in IRS Treas. Reg. Section 1.509(a)-3(c)(4): the contribution was from a disinterested party and unexpected and unusual due the amount of the contribution; the organization carried out a program of public solicitation and attracted a significant base of public support prior to the receipt of the contribution; the organization met the 33 1/3% public support test in all prior years of existence (74.93% public support in 2014); the organization has a representative governing body; and the transferor has not imposed material restrictions or conditions upon the contribution. There were several other material contributions received during the 2015 tax year, that, due to the structuring of the transaction, are properly included as contributions for Part II purposes. As such, the organization no longer meets the 33 1/3% public support test. For 2015, public support is at 15.61%. Even with its significant historical public support, the organization has determined it should operate on a go-forward basis as a private foundation. As a result, NextFifty will file Form 990-PF for the 2016 tax year and thereafter. The organization is currently working to expand its mission and operations to further support Colorados senior population. Please refer to Attachment 2 on Schedule O for additional details regarding the mission and impactful programs of NextFifty Initiative. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426180 280145 504842 145297 56186 605203 476176 326062 329137 426180 506145 563267 464209 605203 901067 947188 1052963 289147 506145 479612 1289215 667922 199838 901067 0.00000 0.00000 1.00000 false false 25962 21589 4373 4373 ESCROW-INDEMNITY AND TAXES 17895181 17895181 0 DUE TO AFFILIATES 108159 108159 215689677 60454 3470 141827 205751 215483926 215483926 1821234 3470 141827 145297 1675937 1675937 SCHEDULE D, PART V, LINE 4 Describe the intended uses of the organization's endowment funds: THE ENDOWMENT FUNDS ARE UTILIZED TO SUPPORT THE PROGRAMS AND SERVICES OF INNOVAGE IN ACCORDANCE WITH DONOR INTENT. Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. SCHEDULE D, PART XI, LINE 2D REVENUE ON BOOKS, NOT ON RETURN: Special Event Expense Reclassed from Expense & Net Against Revenue 141,827 SCHEDULE D, PART XII, LINE 2D EXPENSE ON BOOKS, NOT ON RETURN: Special Event Expense Reclassed from Expense & Net Against Revenue 141,827 Moonlight Class 129138 2000 127138 77218 7996 825 55788 0 129138 2000 127138 77218 7996 825 55788 141827 -14689 true INNOVAGE HOME CARE 8950 E LOWRY BLVD DENVER CO 80230 237090107 501(C)(3) 82833 OPERATION SUPPORT INNOVAGE JOHNSON ADULT DAY PROGRAM INC 3444 S EMERSON ST DENVER CO 80113 263724459 501(C)(3) 109137 OPERATION SUPPORT INNOVAGE GREATER COLORADO PACE 8950 E LOWRY BLVD DENVER CO 80230 742555064 501(C)(3) 192523 OPERATION SUPPORT Foundation for the Carolinas 220 N Tryon St Charlotte NC 28202 566047886 501(c)(3) 82665 Operation Support 4 0 Employee and community assistance fund 94 38660 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS: AN APPLICATION FOR ASSISTANCE IS COMPLETED AND SUBMITTED TO A COMMITTEE THAT REVIEWS AND AUTHORIZES THE AMOUNT OF FUNDS TO BE DISTRIBUTED. X X X X X false true false false false false false true false LESLIE KAROTKIN EXECUTIVE DIRECTOR THROUGH DECEMBER 2015 130067 0 34450 0 26755 0 7063 0 9496 0 207831 0 0 0 MAUREEN HEWITT CEO THROUGH MAY 2016 0 599991 0 238000 0 174255 0 4812 0 24743 0 1041801 0 0 ANGELA OAKLEY CFO THROUGH MAY 2016 0 259907 0 78864 0 12121 0 10277 0 33428 0 394597 0 0 GINA DEBLASSIE COO THROUGH MAY 2016 0 278548 0 83634 0 71884 0 7156 0 11471 0 452693 0 0 VANESSA WALTON CHIEF LEGAL COUNSEL THROUGH MAY 2016 0 227102 0 69960 0 45945 0 6925 0 21968 0 371900 0 0 Schedule J, Part I, line 4b 457(f) plan: THE ORGANIZATION ESTABLISHED A 457(F) PLAN ON DECEMBER 1, 2013. BENEFITS OF THE PLAN WILL BE PAID IN A LUMP SUM AMOUNT ON THE DEFERRED VESTING DATE OF JANUARY 1, 2016. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND RECEIVED A DESIGNATED CREDIT WHICH IS INCLUDED IN DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C AND ON FORM 990, PART VII, COLUMN F. - MAUREEN HEWITT: $0 - LESLIE KAROTKIN: $3,271 - ANGELA OAKLEY: $4,977 - GINA DEBLASSIE: $3,250 - VANESSA WALTON: $1,625 Schedule J, Part I, Line 7 NON-FIXED PAYMENTS: THE INCENTIVE COMPENSATION PLAN IS BASED ON THE PERFORMANCE OF THE INDIVIDUAL AND THE ORGANIZATION. THE MAXIMUM PERCENTAGE BONUS AN INDIVIDUAL CAN ACHIEVE IS BASED ON THE INDIVIDUAL'S POSITION LEVEL IN THE ORGANIZATION. X 1 5507401 Market Value X 1 2000 Market Value X Mobility Chair 1 2500 Market Value X Gift Cards 3 305 Market Value X Musical Keyboard 1 300 Market Value 0 false true false Schedule M, Part I, Column (b) Number of Contributions: The number of contributions reported is the number of contributions received, not the number of items contributed. FORM 990, PART VI, SECTION B, LINE 11B Process to Review the Form 990: THE 990 IS PREPARED BY A THIRD PARTY PREPARER AND AN INITIAL REVIEW IS CONDUCTED BY INNOVAGE, A FORMER RELATED ORGANIZATION WITH WHOM THE ORGANIZATION NOW HAS A MANAGEMENT AGREEMENT. A SECONDARY REVIEW IS CONDUCTED BY THE AUDIT COMMITTEE AND THE FINAL VERSION OF THE 990 IS MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C Process for Monitoring Compliance with Conflict of Interest Policy: THE COMPLIANCE DEPARTMENT OF INNOVAGE, A FORMER RELATED ORGANIZATION WITH WHOM THE ORGANIZATION NOW HAS A MANAGEMENT AGREEMENT, MAINTAINS A MASTER CONFLICT OF INTEREST SPREADSHEET THAT IS UPDATED ANNUALLY. THE COMPLIANCE OFFICER ROUTINELY REVIEWS THE SPREADSHEET TO MONITOR POTENTIAL CONFLICTS THAT HAVE BEEN IDENTIFIED. THE COMPLIANCE OFFICER WORKS CLOSELY WITH THE BOARD APPOINTED AUDIT COMMITTEE TO MONITOR AND ADDRESS POTENTIAL CONFLICTS AND TO ENSURE THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS FOLLOWED. ANNUAL COMPLIANCE EDUCATION IS PROVIDED TO STAFF. THE COMPLIANCE OFFICER MONITORS POTENTIAL CONFLICTS THAT HAVE BEEN IDENTIFIED BY KEY EMPLOYEES. AT BOARD MEETINGS, THE BOARD CHAIR ASKS ITS MEMBERS IF THERE ARE ANY CONFLICTS OF INTEREST. IF A CONFLICT IS IDENTIFIED, THE BOARD MEMBER IS RECUSED FROM VOTING AND MAY NOT PARTICIPATE IN THE DECISION MAKING PROCESS REGARDING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15B Describe process for determining compensation: ARTHUR J. GALLAGHER & CO., AN EXTERNAL COMPENSATION CONSULTANT, CONDUCTED A FULL REVIEW OF EXECUTIVE SALARIES AND OTHER OFFICER SALARIES. THE STUDY WAS BASED ON COMPARABILITY DATA BASED ON ORGANIZATION MISSION, TAX STATUS, SCOPE (BUDGET, STAFF SIZE), PROGRAM OFFERINGS, LOCATIONS, AND TALENT POOL FOR EXECUTIVE ATTRACTION/RETENTION. SOURCES INCLUDED INDEPENDENT COMPENSATION SURVEYS, 990 DATA AND SEC FILINGS, AND ACTUAL WRITTEN OFFERS. ALL ELEMENTS OF TOTAL COMPENSATION WERE CONSIDERED IN DETERMINING REASONABLENESS. ARTHUR J. GALLAGHER & CO. SUBMITTED SALARY RECOMMENDATIONS THAT WERE SUBMITTED TO THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 Governing Documents Available to the Public: NextFity Initiative MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Section A, Line 4 Changes in organizational documents: In 2016, the Foundation added the d/b/a "NextFifty Initiative" to its articles of incorporation and broadened its purpose to no longer limit it to support of Innovage programs, but to now support the community through multiple programs. Innovage also no longer controls the Foundation. The number of directors was also increased from 8 to at least 12, but not more than 19. Going forward board members, Innovage no longer controls the appointment of board members and the board shall always include at least one member representing the frail elderly community and at least one member representing the disability community. Officers were changed to include a: Chair, Chair elect, past chair, secretary, and treasurer. Officers will not be compensated for their services. Committees now include a governance committee and a finance/audit committee, as well as advisory committees deemed necessary. Form 990, Part VI, Section A, Line 6 CLASSES OF MEMBERS OR STOCKHOLDERS: PRIOR TO 5/12/2016, FOR 990 PURPOSES, TOTAL COMMUNITY OPTIONS, INC. DBA INNOVAGE, A RELATED ENTITY, WAS A MEMBER OF INNOVAGE FOUNDATION. INNOVAGE APPOINTED BOARD MEMBERS FOR THE ORGANIZATION. Form 990, Part VI, Section A, Line 7a MEMBERS OR STOCKHOLDERS WHO CAN ELECT MEMBERS OF THE GOVERNING BODY: PRIOR TO 5/12/2016, INNOVAGE APPROVED AND COULD REMOVE BOARD APPOINTMENTS. Form 990, Part VI, Section A, Line 7b DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS OR STOCKHOLDERS: PRIOR TO 5/12/2016, INNOVAGE APPROVED STRATEGIC BUSINESS PLANS AND BUDGETS. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:225841 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT SERVICES TOTAL FEES:18447 INNOVAGE (TCO) 8950 E LOWRY BLVD DENVER CO 80230 371547962 HOLDING CO. CO 501(C)(3) LN11 TYPE 2 NA false INNOVAGE GREATER COLORADO PACE (TLC) 8950 E LOWRY BLVD DENVER CO 80230 742555064 PACE PROGRAM CO 501(C)(3) LINE 9 INNOVAGE false JOHNSON ADULT DAY PROGRAM INC 3444 S EMERSON ST DENVER CO 80113 263724459 ADULT DAY CTR CO 501(C)(3) LINE 9 nextfifty true INNOVAGE HOME CARE (SENIORS) 8950 E LOWRY BLVD DENVER CO 80230 237090107 HOMECARE CO 501(C)(3) LINE 7 INNOVAGE false PINEWOOD LODGE LLLP 200 E IRONTON AURORA CO 80012 200450308 SR. AFFOR. HO CO TLC INC SNR HOUS THORNTON 8950 E LOWRY DENVER CO 80230 461633657 sr. housing CO INNOVAGE CONTINENTAL COMMUNITY HOUSING INC (CCH) 8950 E LOWRY BLVD DENVER CO 80230 264520899 SR. HOUSING CO TLC INC C CORPORATION Innovage Insurance Ltd 8950 E Lowry Blvd Denver CO 80230 Insurance Cap IM innovage C Corporation INNOVAGE HOME CARE NORTH 8950 E LOWRY BLVD DENVER CO 80230 454337380 HOME CARE CO SENIORS INC C CORPORATION INNOVAGE HOME CARE ASPEN 8950 E LOWRY BLVD DENVER CO 80230 464903874 HOME CARE CO SENIORS INC C CORPORATION INNOVATIVE CARE MANAGEMENT 8950 E LOWRY BLVD DENVER CO 80230 471312154 CASE MANAGEME CO INNOVAGE C CORPORATION true true true false true false false false false false true true false true true true false false false innovative care management a 1 interco amount INNOVAGE HOME CARE INC b 82833 interco amount johnson adult day program inc b 109137 interco amount innovage greater colorado pace b 192523 interco amount innovage greater colorado pace c 5230907 interco amount johnson adult day program inc E 108159 interco amount