2024-07-24T09:35:40-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-01-01 742195249 BETH ISRAEL FOUNDATION FOR THE AGED BETH 3036805000 14800 EAST BELLEVIEW DRIVE AURORA CO 80015 MARC PENNER PRESIDENT/CEO 3036805000 2024-07-23 1 MARC PENNER 999009999 1 SARAH HINTZ P00492291 3037795710 2024-07-17 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARC PENNER 14800 EAST BELLEVIEW DRIVE AURORA CO 80015 2607414 0 X N/A X 1981 CO TO SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK. 7 6 0 8 0 0 716505 1556325 217499 194307 214447 436728 35 20000 1148486 2207360 1282165 442906 0 0 426494 454564 0 0 19579 532624 613139 2241283 1510609 -1092797 696751 14701461 16019270 337812 203912 14363649 15815358 THE MISSION OF BETH ISRAEL FOUNDATION IS TO ACCEPT CONTRIBUTIONS AND INVEST FUNDS, AND TO USE THE RELATED EARNINGS TO SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK. 0 0 1275025 442906 194307 FUNDS WERE USED TO HELP SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK AND OPERATION OF SHALOM CARES WELLNESS CENTER. 1275025 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 1 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X MARC PENNER 3036805000 14800 E BELLEVIEW DR AURORA CO 80238 MARC PENNER PRESIDENT/CEO 14.00 26.00 X X 0 335412 34246 PREETY SHRESTHA CFO 4.00 36.00 X 0 126384 18752 ELISA ROBYN VICE PRESIDENT 1.00 10.00 X X 0 0 0 LYNN GELLER TREASURER 1.00 2.00 X X 0 0 0 NEIL OBERFELD SECRETARY 1.00 2.00 X X 0 0 0 MARSHALL ABRAHAMS DIRECTOR THRU NOV 2023 1.00 0.00 X 0 0 0 JASON ALDERSON DIRECTOR 1.00 1.00 X 0 0 0 ANDY HEINS DIRECTOR 1.00 1.00 X 0 0 0 FRAN SIMON DIRECTOR 1.00 2.00 X 0 0 0 GARY YOURTZ DIRECTOR THRU NOV 2023 1.00 0.00 X 0 0 0 0 461796 52998 2 0 1 0 0 1556325 1556325 MEMBERSHIP INCOME 623000 116485 116485 BISTRO & GIFT SHOP 459420 56721 56721 NURSING REVENUE 623000 20514 20514 BEAUTY & BARBER 456199 587 587 194307 404199 404199 20000 0 20000 20000 20000 432583 400054 32529 32529 32529 2207360 194307 0 456728 442906 442906 314481 267309 40882 6290 13528 11499 1759 270 105485 89662 13713 2110 21070 17910 2739 421 9041 9041 8453 8453 70746 70746 79744 67782 10367 1595 501 501 36337 30886 4724 727 17109 14543 2224 342 96329 81879 12523 1927 180 153 23 4 428 364 56 8 250870 213240 32613 5017 1754 1491 228 35 REPAIRS AND MAINTENANCE 23891 20307 3106 478 MEMBERSHIP FEES 8041 6835 1045 161 SALES & USE TAXES 4008 3407 521 80 OTHER FEES 2555 2172 332 51 3152 2680 409 63 1510609 1275025 216005 19579 10396 18067 87514 126583 372465 1399382 19695 17060 8149748 3338852 5081134 4810896 7965968 8720332 893143 926950 271146 0 14701461 16019270 68517 76564 8366 5077 260929 122271 337812 203912 X 8723885 10083233 5639764 5732125 14363649 15815358 14701461 16019270 696751 754958 0 X X 0 1 X 1 0 X 976758 1143948 653955 716505 1556325 5047491 976758 1143948 653955 716505 1556325 5047491 1862804 3184687 383369 335612 375888 168248 404199 1667316 106 35 141 6714948 872122 0.47430 0.52370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME FUNDRAISING EVENT REVENUES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4199961 17658 457429 4675048 4676369 102391 -578799 4199961 3699521 548649 428199 4676369 3318718 380803 3699521 2951498 90000 277220 3318718 0.00000 0.71288 0.28712 1 0 258682 258682 7347120 2801003 4546117 9885 9885 0 534061 527964 6097 4810896 ASSETS HELD AT ROSE COMMUNITY FOUNDATION 926950 F 926950 DEFERRED COMPENSATION 122271 122271 20832942 754958 17941370 18696328 2136614 70746 70746 2207360 18751496 17707381 17707381 1044115 70746 395748 466494 1510609 PART V, LINE 4: THE BETH ISRAEL FOUNDATION HOLDS ASSETS IN ENDOWMENT FUNDS. THE ENDOWMENTS CONSIST OF VARIOUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ORGANIZATION TRANSFERRED CERTAIN ENDOWMENT CONTRIBUTIONS TO THE ROSE COMMUNITY FOUNDATION (RCF) AS PART OF ITS ENDOWMENT CHALLENGE, WHICH WAS COMPLETED IN 2002. RCF AMENDED ITS AGREEMENT WITH THE ORGANIZATION DURING THE YEAR ENDED DECEMBER 31, 2008. PRIOR TO THE AMENDMENT, DISTRIBUTIONS TO THE ORGANIZATION WERE THE LESSER OF (I) 5% OF THE MONTHLY AVERAGE BALANCE IN THE FUND DURING THE PRECEDING YEAR OR (II) NET INVESTMENT INCOME ACCRUING TO THE FUND DURING THE PRECEDING YEAR REDUCED BY ANY FEES AND EXPENSES. PURSUANT TO THE AMENDMENT, DISTRIBUTIONS WILL NOT BE LIMITED BY NET INVESTMENT INCOME. DISTRIBUTIONS WILL BE EQUAL TO 5% OF THE MONTHLY AVERAGE BALANCE IN THE FUND DURING THE PRECEDING YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: NURSING HOME REVENUE 18,009,457. ELIMINATING ENTRY -68,087. PART XII, LINE 2D - OTHER ADJUSTMENTS: NURSING HOME EXPENSE 17,707,381. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFER NOT REPORTED IN THE FINANCIAL STATEMENTS 395,748. 1 SHALOM PARK 14800 E BELLEVIEW DRIVE AURORA CO 80015 742376546 501(C)(3) 395748 0 N/A N/A GENERAL OPERATING SUPPORT ROSE COMMUNITY FOUNDATION 4500 CHERRY CREEK DR S 900 DENVER CO 80246 840920862 501(C)(3) 47158 0 N/A N/A ENDOWMENT FUND DISTRIBUTION 2 0 PART I, LINE 2: GRANTS MADE ARE EITHER TRANSFERS TO A RELATED ORGANIZATION OR AN ENDOWMENT DISTRIBUTION WHICH IS HELD BY ROSE COMMUNITY FOUNDATION. PROPER USE OF THE FUNDS WAS ENSURED THROUGH COMMON BOARD AND MANAGEMENT OVERSIGHT BETWEEN THE TWO ORGANIZATIONS AND ROSE COMMUNITY FOUNDATION. X X X 0 0 0 0 0 0 0 1 0 MARC PENNER PRESIDENT/CEO 0 321565 0 13547 0 300 0 9900 0 24346 0 369658 0 0 PART I, LINE 3 EXECUTIVE COMMITTEE OF SHALOM PARK ACTS AS COMPENSATION COMMITTEE AND IS APPROVED BY BETH ISRAEL FOUNDATION FOR THE AGED BOARD DURING BUDGET APPROVAL. PART I, LINE 7 PRESIDENT/CEO AND CFO RECEIVED BONUS AT YEAR END. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE UPDATED IN 2023. A SUMMARY OF THE SIGNIFICANT CHANGES IS BELOW: - AUTHORIZED BIFA TO ACHIEVE ITS PURPOSES DIRECTLY OR THROUGH SUBSIDIARIES. - REVISED PROVISIONS FOR COMPOSITION AND ELECTION OF BOARD OF DIRECTORS. - UPDATED PROVISIONS FOR PARTICIPATION IN BOARD AND COMMITTEE MEETINGS BY ELECTRONIC MEANS. - REVISED THE ACTION BY CONSENT PROVISIONS TO CONFORM WITH STATE LAW. - REQUIRED ANNUAL AUDIT AND BOARD APPROVAL OF AUDIT. - REVISED DONATION POLICIES TO CONFORM WITH CURRENT PRACTICE. - REVISED INDEMNIFICATION PROVISIONS TO CONFORM TO CHANGES IN STATE LAW. FORM 990, PART VI, SECTION A, LINE 6 SHALOM PARK IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY THE MAJORITY VOTE OF THE TRUSTEES OF SHALOM PARK, THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT CPA FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. WHEN PREPAREATION IS COMPLETED AND A DRAFT IS AVAILABLE THE CONTROLLER AND CEO REVIEWED THE FORM 990, AFTER WHICH SHALOM PARK'S FINANCE COMMITTEE REVIEWED AND APPROVED THE FORM 990. THE RETURN WAS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL AFFIRMATION SIGNED BY EACH TRUSTEE. THE ORGANIZATION MONITORS COMPLIANCE WITH THE POLICY DURING THE YEAR BY INQUIRING AT ITS BOARD MEETINGS WHETHER ANY CONFLICTS OF INTEREST HAVE ARISEN SINCE THE ANNUAL AFFIRMATION WAS SIGNED. AN INDIVIDUAL WITH A CONFLICT MAY NOT VOTE ON ANY MATTER THAT MAY INVOLVE THE CONFLICT OF INTEREST. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. SHALOM CARES WELLNESS CENTER LLC 14800 E BELLEVIEW DRIVE AURORA CO 80015 452808418 FITNESS AND THERAPY CO 280974 4590461 BETH ISRAEL FOUNDATION FOR THE AGED SHALOM PARK 14800 E BELLEVIEW DRIVE AURORA CO 80015 742376546 SENIOR CARE SERVICES CO 501(C)(3) LINE 10 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0