2024-11-14T19:45:56-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 2501 E ENTERPRISE AVE SUITE 300 APPLETON WI 54913 990 2023-01-01 364266878 MATHER INVESTMENTS NFP MATH 8474927500 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 MARY SCHOEGGL CHIEF FINANCIAL OFFICER 8474927500 2024-11-14 1 0 KELCEY LEITL P01584977 9209686700 2023 2024-10-15 13:58:12Z MARY G LEARY 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 48376580 0 X WWW.MATHER.COM X 1998 IL MATHER INVESTMENTS, NFP ENHANCES THE LIVES OF OLDER ADULTS BY CREATING AND (CONTINUED ON SCHEDULE O) OPERATING SENIOR LIVING COMMUNITIES. 3 2 313 14 0 0 0 0 36770558 45175145 6376 3201435 0 0 36776934 48376580 7564471 12694162 0 0 12263603 13899965 0 0 0 12930384 16494507 32758458 43088634 4018476 5287946 128881443 139372022 136047335 145459250 -7165892 -6087228 MATHER INVESTMENTS, NFP ENHANCES THE LIVES OF OLDER ADULTS BY CREATING AND OPERATING SENIOR LIVING COMMUNITIES. 0 0 21361511 7561058 28362761 MATHER INVESTMENTS, NFP FACILITATES THE OWNERSHIP AND OPERATIONS OF LIFE PLAN COMMUNITIES. WE ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. WE ARE DEDICATED TO PROVIDING A CONTINUUM OF LIVING AND CARE. 18051749 5133104 19922384 MATHER INVESTMENTS, NFP CONTINUES ITS MISSION THROUGH ITS PARTICIPATION IN JOINT VENTURE OPERATIONS. THE JOINT VENTURES OPERATE LIFE PLAN COMMUNITIES. 39413260 1 0 0 0 0 0 0 0 0 0 0 0 1 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 1 1 1 1 0 0 1 0 0 313 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 1 IL X MARY SCHOEGGL 8474926760 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 MARY G LEARY PRESIDENT & CEO 0.10 60.30 X X 0 2347083 184522 JOHN R PHILLIPS CHAIRMAN 0.10 4.40 X 0 0 0 TERENCE J TOTH DIRECTOR 0.10 2.10 X 0 0 0 CAROL L SUSSENBACH CFO & TREASURER - THRU 04/2023 0.10 50.30 X 0 817872 41432 JULIE RIGGS SECRETARY 0.10 49.90 X 0 216965 50115 MARY SCHOEGGL CFO - AS OF 10/2023 0.10 50.30 X 0 87225 3166 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 0.10 50.30 X 0 426583 58483 JAMES EDWARTOSKI EXECUTIVE DIRECTOR - THRU 11/2023 50.00 0.00 X 473807 0 25664 KRISTINA PARE DIRECTOR OF SALES 50.00 0.00 X 196350 0 28577 MARIA PARHAM CARE CENTER ADMINISTRATOR 50.00 0.00 X 146006 0 24590 MASOOD SHIRMAHAMMADI EXECUTIVE CHEF 50.00 0.00 X 139845 0 24439 YVONNE JUNG SVP HR THRU 09/23; DIR HR THRU 11/23 12.00 38.20 X 161663 236991 34329 1117671 4132719 475317 15 0 1 0 0 J.V. PROGRAM RECEIPTS 623000 16812384 16812384 CONTRACTED SERVICES 623000 13899845 13899845 DEVELOPMENT FEE INCOME 900099 7591154 7591154 MARKETING FEE INCOME 541800 4024735 4024735 MANAGEMENT FEE 623000 1708216 1708216 1138811 1138811 45175145 91435 91435 3110000 0 3110000 3110000 3110000 48376580 48285145 0 91435 12694162 12694162 10840660 10184039 656621 661664 621594 40070 1568340 1425384 142956 829301 779079 50222 15336 15336 804 804 JOINT VENTURE EXPENSES 12918645 12918645 CORPORATE SERVICES 3548963 780772 2768191 PARTNERSHIP LOSS 9585 9585 LICENSES AND FEES 1174 1174 43088634 39413260 3675374 0 611 807 17595083 20828878 73576183 82090301 537 0 0 0 0 0 0 0 37709029 36452036 0 0 128881443 139372022 5890167 14411512 0 0 130157168 131047738 136047335 145459250 X -7165892 -6087228 -7165892 -6087228 128881443 139372022 X 5287946 -4379 -4204903 X 0 1 X 1 0 X 3259176 3259176 29729655 28766115 27892961 36770058 45175145 168333934 32988831 28766115 27892961 36770058 45175145 171593110 3259176 3259176 18148675 15615421 15049142 21696216 24800095 95309549 21407851 15615421 15049142 21696216 24800095 98568725 73024385 26875 10354 3098 6376 91435 138138 26875 10354 3098 6376 91435 138138 33015706 28776469 27896059 36776434 45266580 171731248 0.42520 0.41590 0.00080 0.00040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER ASSETS - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 0 0 0 0 0 TYSONS LPC, LLC 30949737 C MATHER FOUNDATION 5502299 C 36452036 MATHER - INTER-ENTITY LOAN 61047738 MATHER FOUNDATION - SUBORDINATED DEBT PAYABLE 70000000 131047738 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS MATHER, MATHER FOUNDATION, MATHER PLACE, MATHER INVESTMENTS, NFP, MATHER POSSIBILITIES AND THE MATHER EVANSTON HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES OF MATHER FILE TAX RETURNS IN CERTAIN STATES; HOWEVER, THEY DO NOT FILE IN EVERY STATE. FOR ALL STATES WHERE THE ENTITIES HAVE NOT FILED A STATE RETURN, ALL TAX YEARS REMAIN OPEN. 1 MATHER 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 362233542 501(C)(3) 7561058 0 MISSION DRIVEN PROGRAMS MATHER FOUNDATION 1560 SHERMAN AVE SUITE 1010 EVANSTON IL 60201 201030638 501(C)(3) 5133104 0 MISSION DRIVEN PROGRAMS 2 0 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. THE REPORTING ORGANIZATION SUPERVISES THE USE OF THE GRANTS THROUGH OVERLAPPING DIRECTORS. 1 1 0 0 0 0 0 1 0 MARY G LEARY PRESIDENT & CEO 0 785043 0 1537750 0 24290 0 147826 0 36696 0 2531605 0 976438 CAROL L SUSSENBACH CFO & TREASURER - THRU 04/2023 0 156207 0 544049 0 117616 0 23100 0 18332 0 859304 0 519611 JAMES EDWARTOSKI EXECUTIVE DIRECTOR - THRU 11/2023 217671 0 52973 0 203163 0 10469 0 15195 0 499471 0 0 0 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 0 252781 0 166174 0 7628 0 23100 0 35383 0 485066 0 67545 YVONNE JUNG SVP HR THRU 09/23; DIR HR THRU 11/23 51526 208815 0 26104 110137 2072 1767 9632 2549 20381 165979 267004 0 0 JULIE RIGGS SECRETARY 0 166179 0 43233 0 7553 0 15467 0 34648 0 267080 0 0 KRISTINA PARE DIRECTOR OF SALES 145912 0 48975 0 1463 0 14353 0 14224 0 224927 0 0 0 MARIA PARHAM CARE CENTER ADMINISTRATOR 144109 0 0 0 1897 0 9935 0 14655 0 170596 0 0 0 MASOOD SHIRMAHAMMADI EXECUTIVE CHEF 125109 0 9454 0 5282 0 9954 0 14485 0 164284 0 0 0 PART I, LINE 3: TOP MANAGEMENT'S COMPENSATION MATHER INVESTMENTS, NFP'S TOP MANAGEMENT'S COMPENSATION IS ESTABLISHED BY MATHER, AS THE COMPENSATION IS PAID BY MATHER (A RELATED ORGANIZATION). MATHER FOLLOWS PROCEDURES TO ESTABLISH THE "REBUTTABLE" PRESUMPTION OF REASONABLENESS DESCRIBED IN THE INCOME TAX REGULATIONS IN DETERMINING EXECUTIVE COMPENSATION. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT DIRECTORS WHO OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY. OBJECTIVE EVIDENCE OF REASONABLENESS AND COMPARABILITY IS OBTAINED FROM INFORMATION PROVIDED BY AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT. DETERMINATION OF EXECUTIVE COMPENSATION INVOLVES BENCHMARKING WITH COMPARATIVE MARKET COMPENSATION DATA TO ENSURE THAT COMPENSATION IS FAIR, EQUITABLE, AND WITHIN THE STANDARDS OF COMPENSATION UTILIZED WITHIN THE INDUSTRY. COMPENSATION DECISIONS ARE DOCUMENTED AND REVIEWED WITH THE FULL BOARD. PART I, LINE 4A: SEVERANCE PAYMENT TWO INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING THE YEAR. THE SEVERANCE IS INCLUDED IN COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MARY G. LEARY AND CAROL SUSSENBACH ARE PARTICIPANTS IN MATHER'S 457(F) PLANS. AS OF 2021, THE PLAN IS FROZEN AND NO LONGER ACCEPTING CONTRIBUTIONS. CAROL SUSSENBACH RECEIVED COMPENSATION FROM THE PLAN IN 2023. PART I, LINE 7: NON-FIXED PAYMENTS BONUS PROGRAM BASED ON GOAL ACHIEVEMENT AND INCLUDES A DISCRETIONARY NON-FIXED PAYMENTS PORTION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND APPROVES MAJOR ACTIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND HAS THE RIGHT TO APPROVE MAJOR DECISIONS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990, AND RELATED SCHEDULES, WERE PREPARED BY GRANT THORNTON ADVISORS LLC USING INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990, INCLUDING SCHEDULES, WAS DISTRIBUTED TO THE MEMBERS OF THE MATHER FOUNDATION AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTE MET WITH MANAGEMENT AND REVIEWED THE FORM 990. SUBSEQUENTLY, THE FORM 990 WAS DISTRIBUTED TO EACH DIRECTOR OF MATHER INVESTMENTS, NFP. ALL COMMENTS AND QUESTIONS WERE DIRECTED TO THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY ALL BOARD MEMBERS, OFFICERS AND SENIOR STAFF MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS ARE REFERRED TO THE CEO AND PRESIDENT, THE BOARD CHAIR, AND CHAIR OF THE GOVERNANCE COMMITTEE, WHO TAKE APPROPRIATE ACTION, INCLUDING DISCUSSING WITH THE FULL BOARD, WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION MATHER INVESTMENTS, NFP RELIED ON MATHER TO REVIEW THIS INFORMATION FOR ALL COMPENSATION PAID TO MATHER INVESTMENTS, NFP EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCES: JOINT VENTURES -4,214,236. BOOK/TAX DIFFERENCES: PARTNERSHIPS 9,333. TUCSON MATHER LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 141876356 HOLDING COMPANY IL 3110000 0 MATHER INVESTMENTS NFP TUCSON MATHER MANAGEMENT LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 141876362 MANAGEMENT SERVICES IL 16517956 2594688 MATHER INVESTMENTS NFP VIRGINIA MATHER MANAGEMENT LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 320558354 MANAGEMENT SERVICES IL 4253650 13459431 MATHER INVESTMENTS NFP VIRGINIA MATHER LPC LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 320556156 HOLDING COMPANY IL 0 30949737 MATHER INVESTMENTS NFP VIRGINIA MATHER DEVELOPMENT LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 364894003 DEVELOPMENT IL 5752095 4774759 MATHER INVESTMENTS NFP MATHER 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 362233542 OLDER ADULT IL 501(C)(3) LINE 12C, III-FI MATHER FOUNDATION 0 MATHER PLACE 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 363776145 SENIOR LIVING IL 501(C)(3) LINE 10 MATHER 0 MATHER POSSIBILITIES 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 362856851 OLDER ADULT IL 501(C)(3) LINE 7 MATHER 0 THE MATHER EVANSTON 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 205860808 SENIOR LIVING IL 501(C)(3) LINE 10 MATHER 0 MATHER FOUNDATION 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 201030638 PARENT ENTITY IL 501(C)(3) LINE 12C, III-FI N/A 0 TUCSON MATHER PLAZA LLC 9401 WEST THUNDERBIRD ROAD SUITE 20 PEORIA AZ 85381 870688726 SENIOR LIVING AZ MATHER INV RELATED -713896 57232194 0 1 0.50000 TYSONS HOLDINGS LPC LLC 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 880983798 HOLDING CO IL MATHER INV RELATED -525469 220609790 0 1 0.50000 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 TYSONS HOLDINGS LPC LLC B 1000000 COST TUCSON MATHER PLAZA L 16517956 COST TYSONS HOLDINGS LPC LLC L 10005745 COST TUCSON MATHER PLAZA S 3110000 COST