2022-09-12T12:52:33-05:00 2021-10-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2020-11-01 916018658 HOLDEN VILLAGE HOLD 5096992401 HC0 BOX 2 CHELAN WA 98816 KATHERINE CAEMMERER-BACH CO EXECUTIVE DIRECTOR 5096992401 2022-09-06 1 KATHERINE CAEMMERER-BACH 999009999 HOWARD DONKIN CPA P00147726 2066288990 2022-09-06 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z CHRIS HUGHES HC0 BOX 2 CHELAN WA 98816 2373969 0 X WWW.HOLDENVILLAGE.ORG X 1962 WA TO PROVIDE ECUMENICAL RETREAT CENTER. 19 19 66 381 3909 0 1097532 1337120 363771 725219 166393 170743 60495 78876 1688191 2311958 0 0 0 0 1109182 1017322 0 0 208240 1161744 1322237 2270926 2339559 -582735 -27601 14552866 15264212 102930 219038 14449936 15045174 GROWING FROM THE LOVE OF CHRIST, HOLDEN VILLAGE IS A COURAGEOUS COMMUNITY THAT WELCOMES ALL PEOPLE INTO THE WILDERNESS TO FORM THEIR RELATIONSHIPS WITH GOD, THE EARTH, AND EACH OTHER. 0 0 1474771 543568 BY THE END OF 10-31-2021, WE HAD PROVIDED 8,371 BED NIGHTS TO GUESTS. THE VILLAGE CLOSED TO GUESTS ON MARCH 16, 2020 DUE TO THE COVID-19 PANDEMIC AND FINALLY ACCEPTED GUESTS BACK ON JULY 10, 2021. HOWEVER, WE LIMITED THE NUMBER OF GUESTS TO LESS THAN 50% OCCUPANCY. (1) SPECIALIZED LABOR TO INSTALL SPRINKLER SYSTEMS, UPGRADE ELECTRICAL SYSTEMS, AND RESTORE PORCHES ON OUR HISTORICAL BUILDING WAS VALUED @ $109,493. (2) SKILLED LABOR SUCH AS MEDICAL SERVICES, ELECTRICIANS, AND PLUMBERS WAS DONATED AT A VALUE OF $289,534. THIS WAS BASED ON 9,006 HOURS OF SKILLED LABOR @ $32.15. (3) COMMON OR UNSKILLED LABOR TO HELP WITH VILLAGE OPERATIONS WAS WORTH $369,289 WHEN COMPUTED AT MINIMUM WAGE. 97884 113644 HOLDEN OPERATES A BED AND BREAKFAST FOR OVERNIGHT STAYS AND ALSO A PARKING FACILITY NEAR 25 MILE CREEK IN CHELAN THROUGH THE FOREST SERVICE FOR GUESTS AND STAFF TO LEAVE VEHICLES IN ORDER TO TAKE BOAT TRANSPORTATION TO THE VILLAGE. THIS YEAR HOLDEN'S GUEST PARKING WAS INCLUDED IN THE COST OF REGISTRATION TO THE VILLAGE, NOT CHARGED SEPARATELY. THIS FACILITY ALSO PROVIDES PARKING FOR A FEE TO TRAVELERS TO STEHEKIN AND FOR THE DAY-USE OF THE U.S. FOREST SERVICE FACILITIES AT FIELD'S POINT. WHILE HOLDEN GUEST TRAFFIC WAS LOWER THAN A NORMAL SUMMER, THE BOAT TRAFFIC ON LAKE CHELAN FOR OTHER VISITORS RAMPED UP GRADUALLY OVER THE SUMMER MONTHS. 55691 68007 HOLDEN VILLAGE OPERATES AN ONSITE STORE WHICH PROVIDES BOOKS, CARDS, POTTERY, JEWELRY, CLOTHING, AND OTHER MISCELLANEOUS SUNDRIES AND GROCERIES TO GUESTS AND STAFF. THERE IS ALSO AN ONLINE STORE WITH SELECT MERCHANDISE UNIQUE TO HOLDEN FEATURED. THE OTHER PROGRAMS THAT NORMALLY OPERATE TO SUPPORT THE MISSION AND PURPOSE OF THE VILLAGE SUCH AS THE ARTS AND POTTERY STUDIOS, POOL HALL/BOWLING ALLEY, SNACK BAR AND COFFEE STAND WERE IN LIMITED OPERATION BETWEEN MID-JULY AND END OF OCTOBER 2021. 1628346 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 66 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 WA X MARY HILDIE 5096791890 HC0 BOX 2 CHELAN WA 98816 JOSHUA POST PRESIDENT 1.00 X X 0 0 0 LINDA KINGERY VICE PRESIDENT 1.00 X X 0 0 0 JAMES NAGEL SECRETARY 1.00 X X 0 0 0 CHRIS HUGHES TREASURER 1.00 X X 0 0 0 BEN STEWART BOARD MEMBER 1.00 X 0 0 0 PAM FICKENSCHER BOARD MEMBER 1.00 X 0 0 0 SAMANTHA LYON BOARD MEMBER 1.00 X 0 0 0 SARA PITCHER BOARD MEMBER 1.00 X 0 0 0 LOIS RIMBO BOARD MEMBER 1.00 X 0 0 0 ANTHONY TITUS BOARD MEMBER 1.00 X 0 0 0 MARK SCHWEHN BOARD MEMBER 1.00 X 0 0 0 CLAIRE SMITH BOARD MEMBER 1.00 X 0 0 0 PETER HERNES BOARD MEMBER 1.00 X 0 0 0 SANDRA ANDERSON BOARD MEMBER 1.00 X 0 0 0 ERIC LANSVERK BOARD MEMBER 1.00 X 0 0 0 ASA LEE BOARD MEMBER 1.00 X 0 0 0 RICK BROWN BOARD MEMBER 1.00 X 0 0 0 JALEH SADRAVI BOARD MEMBER 1.00 X 0 0 0 JASON DEROSE BOARD MEMBER 1.00 X 0 0 0 MARK BACH CO EXECUTIVE DIRECTOR 40.00 X 63152 0 2667 KATHERINE CAEMMERER-BACH CO EXECUTIVE DIRECTOR 40.00 X 63152 0 7277 STACY KITAHATA CO EXECUTIVE DIRECTOR 27.00 X 42770 0 2849 169074 0 12793 0 0 0 0 0 283017 1054103 19183 1337120 GUEST REGISTRATION 721000 543568 543568 GUEST PARKING 721000 113644 113644 OTHER GUEST ACTIVITIES 721000 68007 68007 725219 170743 170743 54577 1835 52742 52742 81209 60176 21033 3909 17124 MISCELLANEOUS 900099 5101 5101 5101 2311958 725219 3909 245710 168668 105668 63000 535491 320930 104229 110332 13977 11451 2526 226023 147345 47661 31017 73163 42151 16779 14233 53694 53694 28559 28559 71339 22921 48418 29642 21712 3429 4501 54843 1022 43105 10716 90481 90481 3512 2306 995 211 480693 453223 27470 120453 80973 35215 4265 SUPPLIES 272265 252276 7808 12181 TAXES, LICENSES, AND PE 64621 60495 4126 PRINTING AND PUBLICATIO 14539 639 764 13136 TELEPHONE AND UTILITIES 10774 6214 4560 26822 19990 1710 5122 2339559 1628346 502973 208240 X 321023 398717 201761 455958 138199 115434 1702 4055 119936 106909 13959 2949 17222653 8887971 8372795 8334682 1311255 2159363 3758642 3372551 313594 313594 14552866 15264212 102619 194011 311 25027 102930 219038 X 13192496 13590257 1257440 1454917 14449936 15045174 14552866 15264212 -27601 513346 109493 0 X X 0 1 X 1 0 X 586288 834529 601559 1097532 1337120 4457028 586288 834529 601559 1097532 1337120 4457028 146619 4310409 369299 103184 178893 165043 170743 987162 52886 6200 5606 2642 5101 72435 5516625 6499541 0.78130 0.36860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1507820 204413 98699 8842 1802090 1476156 1100 44210 13646 1507820 1442042 650 140009 106545 1476156 1269254 245265 -16179 56298 1442042 1178117 153326 62189 1269254 0.38014 0.21592 0.40394 1 0 53685 53685 14875911 7522537 7353374 2293057 1365434 927623 8334682 GOVERNMENT BONDS 656902 C CORPORATE BONDS 1715649 C CERTIFICATES OF DEPOSIT 1000000 C 3372551 3361938 513346 503182 62011 1078539 2283399 28559 28559 2311958 2766700 393689 62011 455700 2311000 28559 28559 2339559 PART V, LINE 4: THERE ARE TWO ENDOWMENT FUNDS (HAERTEL AND BYBERG) THAT ARE INVESTED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (THE ELCA OR THE CHURCH) ENDOWMENT FUND POOLED TRUST (THE TRUST). THE BALANCE OF HOLDEN VILLAGE'S ENDOWMENT FUNDS ARE INVESTED WITH OLSON WEALTH GROUP (THIRD-PARTY ADVISOR). THE ELCA TRUST'S INVESTMENT OBJECTIVE IS TO PROVIDE PARTICIPANTS WITH A STABLE STREAM OF INVESTMENT INCOME WITH LONG-TERM CAPITAL APPRECIATION, WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE TRUST'S ASSETS ARE INVESTED IN A DIVERSIFIED PORTFOLIO THAT PLACES A GREATER EMPHASIS ON EQUITY BASED AND FIXED INCOME INVESTMENTS AND IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE INVESTMENT'S BENCHMARK BY 35 BASIS POINTS OVER ROLLING FIVE-YEAR TIME PERIODS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS OBJECTIVE. THE ENDOWMENT FUNDS NOT HELD AT THE ELCA ARE INVESTED WITH OLSON WEALTH GROUP. THE OVERALL FINANCIAL GOAL FOR MANAGEMENT OF THESE FUNDS IS TO PRESERVE REAL (INFLATION-ADJUSTED) PURCHASING POWER AFTER ACCOUNTING FOR SPENDING, INFLATION AND COSTS OF INVESTMENT MANAGEMENT. THERE ARE PERMANENTLY RESTRICTED FUNDS FOR WHICH THE GOAL IS TO PROTECT PRINCIPAL AND PERMANENTLY DONOR RESTRICTED ASSETS AS TO ENDOW HOLDEN VILLAGE WITH SUFFICIENT INCOME AND LONG-TERM ASSET PRESERVATION TO COVER FUTURE FUNDING NEEDS. THERE ARE BOARD-DESIGNATED FUNDS FOR WHICH THE GOAL IS TO PRESERVE CAPITAL ON DEDICATED ASSETS WHILE ACHIEVING GROWTH RETURNS COMMENSURATE WITH A HIGHER RISK, LONG-TERM PROFILE PORTFOLIO IN EXCESS OF THOSE FUNDS. THE INVESTMENT COMMITTEE AND BOARD REVIEWS, NO LESS THAN ANNUALLY, WHETHER THE PERFORMANCE OF THE FUNDS IS MEETING THE OBJECTIVES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 60,176. SPECIAL EVENT EXPENSES 1,835. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 60,176. SPECIAL EVENT EXPENSES 1,835. ONLINE AUCTION 54577 54577 1835 54577 54577 1835 1835 52742 FORM 990, PART VI, SECTION A, LINE 2 CO EXECUTIVE DIRECTORS MARK BACH AND KATHERINE BACH ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD AND THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C IT IS A REGULAR AGENDA ITEM DURING THE SUMMER BOARD MEETING TO HAVE DISCLOSURE STATEMENTS SIGNED AND FILED BY THE ADMIN ASSISTANT TO THE EXECUTIVE DIRECTORS; HOWEVER, WITH THE VILLAGE CLOSED IN THE SECOND HALF OF 2020, DISCLOSURE STATEMENTS FOR NEW BOARD MEMBERS WERE SIGNED IN EARLY 2021. FORM 990, PART VI, SECTION C, LINE 19 HOLDEN VILLAGE HOLDS A STRICT CONFIDENTIALITY STANCE. UNLESS THERE IS A COMPELLING REASON TO DISCLOSE ITS GOVERNING DOCUMENTS/POLICIES OR FINANCIAL STATEMENTS, THIS INFORMATION IS DISPENSED ON A "NEED TO KNOW" BASIS. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITTEE REVIEWS THE INTERNALLY GENERATED FINANCIAL STATEMENTS OF THE ORGANIZATION. THE FINANCE AND AUDIT COMMITTEE HAS RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL INDEPENDENT AUDIT.