2024-08-15T20:26:58-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-10-01 562205837 BAPTIST RETIREMENT HOMES FOUNDATION BAPT 3367250202 PO BOX 11024 WINSTON SALEM NC 27116 MICHAEL J BRADY CHIEF FINANCIAL OFFICER 3367250202 2024-08-15 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-08-15 2022 2024-08-08 14:25:15Z REED A VANDERSLIK PO BOX 11024 WINSTON SALEM NC 27116 1330323 0 X WWW.THRIVEMORENC.ORG/FOUNDATION X 2000 NC FUND AND SUPPORT THE BENEVOLENT MINISTRY OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INC. 5 5 0 5 0 0 150398 123326 0 0 4118018 1206997 0 0 4268416 1330323 130000 1838824 0 0 0 0 0 0 0 504186 617880 634186 2456704 3634230 -1126381 38117881 39730118 2260308 1463306 35857573 38266812 BAPTIST RETIREMENT HOMES FOUNDATION'S MISSION IS TO PRIMARILY SUPPORT THE BENEVOLENT MINISTRY OF THE BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INCORPORATED DBA THRIVEMORE 0 0 1838824 1838824 BAPTIST RETIREMENT HOMES FOUNDATION'S MISSION IS TO PRIMARILY SUPPORT THE BENEVOLENT MINISTRY OF THE BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INCORPORATED DBA THRIVEMORE 1838824 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL J BRADY 3367250300 1912 BETHABARA ROAD WINSTON SALEM NC 27106 SARAH MAYO DIRECTOR 1.00 1.00 X 0 0 0 MARY E MORGAN DIRECTOR 1.00 0.00 X 0 0 0 JANET MULLANEY PRESIDENT 1.00 0.00 X X 0 0 0 HENRY SKINNER DIRECTOR 1.00 0.00 X 0 0 0 CLARENCE LAMBE DIRECTOR 1.00 1.00 X 0 0 0 REED VANDERSLIK ASST SECRETARY 4.00 36.00 X 0 373130 56449 SCOTT FARKAS ASST TREASURER 4.00 36.00 X 0 190789 32836 MONIQUE FARRELL DIRECTOR OF DEVELOPMENT 36.00 4.00 X 0 9258 0 0 573177 89285 2 0 1 0 0 120000 3326 123326 1017721 1017721 189276 0 189276 189276 189276 1330323 0 0 1206997 1838824 1838824 108456 108456 6690 6690 11933 11933 HOME OFFICE ALLOCATION 488319 488319 MAINTENANCE 2482 2482 2456704 1838824 617880 0 1240560 838506 1267369 158609 1120692 1108760 29764557 31674569 5665123 6103280 5000 5003 321949 0 38117881 39730118 5166 0 2255142 1463306 2260308 1463306 X 21832928 25144282 14024645 13122530 35857573 38266812 38117881 39730118 X -1126381 2529944 1005676 X X 0 1 X 1 0 X X X 1 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED 560562308 10 1 1838824 0 1 1838824 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 7501840 985916 491346 7996410 7882390 1505143 -1885693 7501840 6839731 1139430 96771 7882390 6693357 243145 96771 6839731 6941175 -176669 71149 6693357 0.83700 0.16300 1 0 994357 994357 273012 158609 114403 1108760 CHARITABLE REMAINDER TRUSTS 27139 C BENEFICIAL INTEREST IN PERPETUAL TRUST 2058629 C MISCELLANEOUS INVESTMENTS 4017512 C 6103280 DUE TO BRH 1463306 1463306 X PART V, LINE 4: RESTRICTED FUNDS ARE INTENDED FOR RESIDENT ASSISTANCE AND OTHER RESTRICTED PROGRAMS. PART X, LINE 2: THE HOMES AND THE FOUNDATION ARE NOT-FOR-PROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE HOMES AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF THE HOMES OR THE FOUNDATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR ANY OTHER TAXES FOR HOMES OR THE FOUNDATION. 1 BAPTIST RETIREMENT HOMES OF NC 1912 BETHABARA ROAD WINSTON SALEM NC 27106 560562308 501(C)(3) 1838824 0 FUND AND SUPPORT BENEVOLENT MINISTRY 1 PART I, LINE 2: GRANTS ARE MADE SOLELY TO THE PARENT ORGANIZATION 0 0 0 0 0 0 0 1 0 REED VANDERSLIK ASST SECRETARY 0 349895 0 23235 0 0 0 32712 0 23737 0 429579 0 0 SCOTT FARKAS ASST TREASURER 0 177667 0 13122 0 0 0 9100 0 23736 0 223625 0 0 PART I, LINE 3 ALL OFFICER COMPENSATION IS PAID BY BAPTIST RETIREMENT HOMES OF NORTH CAROLINA (EIN 56-0562308) A RELATED TAX EXEMPT ORGANIZATION. ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA IS REVIEWED BY THE PERSONAL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. PART I, LINE 7 THE ORGANIZATION MAINTAINS A BOARD-APPROVED, WRITTEN POLICY FOR DETERMINING BONUSES FOR THE EXECUTIVE LEADERSHIP TEAM. BONUSES ARE DETERMINED BY WHETHER CERTAIN ORGANIZATIONAL GOALS HAVE BEEN MET DURING THE PRIOR YEAR. THEN BASED ON THE NUMBER OF GOALS MET AND THE DEGREE GOALS MAY HAVE BEEN EXCEEDED, A BONUS RECOMMENTATION IS BROUGHT BY THE PERSONNEL COMMITTEE OF THE THRIVEMORE BOARD OF DIRECTORS TO THE FULL THRIVEMORE BOARD. DURING THE FISCAL YEAR, BONUSES WERE PAID TO SCOTT FARKAS, JESSICA MCCOLLUM, REED VANDERSLIK, AND JENNIFER BARTSCHT. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS PRIOR TO APPROVAL. 990S ARE POSTED ON THE BOARD WEBSITE FOR BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND SENIOR LEADERS ARE COVERED BY THE CONFLICTS OF INTEREST POLICY. THE PRESIDENT REVIEWS FOR CONFLICTS AND MONITORS WITH DOCUMENTATION ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES IS REVIEWED BY THE PERSONNEL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND IN ACCORDANCE WITH REGULATORY REQUIREMENTS. THEY CAN ALSO BE FOUND ON THE NC DEPARTMENT OF INSURANCE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 147,473. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -66. CHANGE IN UNREALIZED LOSSES ON INVESTMENTS 858,269. FORM 990, PART XII, LINE 2C: PROCESS IS UNCHANGED FROM PRIOR YEAR. BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED 1912 BETHABARA ROAD WINSTON SALEM NC 27106 560562308 PROVIDE HEALTH CARE LIVING OPTIONS FOR OLDER ADULTS NC 501(C)(3) LINE 10 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 0