2024-06-05T09:38:00-07:00 2023-12-31 770460195 McGilloway Ray Brown & Kaufman 2511 Garden Road Suite A-180 Monterey CA 93940 990 2023-01-01 822771192 Carmel Valley Manor Foundation CARM 8316241281 8545 Carmel Valley Rd Carmel CA 93923 Jay Zimmer President & CEO 2024-06-05 true Jay Zimmer 999009999 true Patricia M Kaufman CPA P00312047 8313733337 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Jay Zimmer 8545 Carmel Valley Rd Carmel CA 93923 1645634 false X N/A X 2017 CA The mission of Carmel Valley Manor Foundation is to prudently manage the assets of the Foundation in order to provide Carmel Valley Manor with funds as needed and to seek other sources of funds to increase its asset base. 10 10 0 10 0 138551 323197 0 514891 1322322 132 115 653574 1645634 714800 906862 0 0 0 0 76831 97777 791631 1004639 -138057 640995 14479362 15315231 0 14479362 15315231 The mission of Carmel Valley Manor Foundation is to prudently manage the assets of the Foundation in order to provide Carmel Valley Manor with funds as needed and to seek other sources of funds to increase its asset base. false false 906862 906862 Carmel Valley Manor Foundation seeks to build and maintain an adequate level of unrestricted net assets to support Carmel Valley Manor in the event of unforeseen shortfalls. CVM Foundation is a funding source for Carmel Valley Manors benevolence programs. Funds may also be used for one-time, non-recurring expenses that will build long-term capacity, such as staff development, research and development, or investment in infrastructure. The Carmel Valley Manor Foundation has an investment policy whose objective is long-term growth and preservation of capital. The Carmel Valley Manor Foundation Investment Committee formulates the overall investment strategy and monitors and evaluates the performance results for compliance with the Investment Policy. 906862 true true false false false false false false false true false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false CA X X Ann-Elise Emerson 8316241281 8545 Carmel Valley Rd Carmel CA 93923 Jay Zimmer President & CEO 4.00 36.00 X 0 380744 35429 Ann Elise Emerson CFO 4.00 36.00 X 0 230145 33187 Susan Freeland Chair 2.00 0.00 X X 0 0 0 Harry Hanson Vice-Chair 2.00 0.00 X X 0 0 0 Iathan Annand Secretary 2.00 0.00 X X 0 0 0 Christopher Steinbruner Treasurer 2.00 0.00 X X 0 0 0 RB Busch III Director 2.00 0.00 X 0 0 0 John Staples Director 2.00 0.00 X 0 0 0 John Mahoney Director 2.00 0.00 X 0 0 0 Gerald Kitchen Director 2.00 0.00 X 0 0 0 Al Crosby Director 2.00 0.00 X 0 0 0 Bertie Bialek Director 2.00 0.00 X 0 0 0 610889 68616 0 false true false 0 30227 292970 323197 0 418030 418030 0 0 0 904292 904292 904292 904292 0 0 0 Miscellaneous Revenue 900099 115 115 115 1645634 1322437 906862 906862 0 0 0 0 0 0 0 0 0 0 4506 4506 7734 7734 0 0 60598 60598 0 0 3600 3600 0 0 0 0 0 0 0 0 0 6604 6604 Administrative Fees 14713 14713 Supplies 22 22 0 1004639 906862 97777 0 45556 44492 0 0 48426 11300 0 0 0 0 0 0 14385380 15259439 0 0 0 0 14479362 15315231 0 0 X 7229847 7811468 7249515 7503763 14479362 15315231 14479362 15315231 640995 194874 X false true X true false X X X 1 Carmel Valley Manor 946050476 10 false 906862 0 1 906862 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14433806 323197 1456598 942862 15270739 17455988 138551 -2409936 750797 14433806 15667357 374752 2071046 667167 17445988 14770988 90086 1443023 626730 15677367 11920800 1688118 1772822 610752 14770988 0.50860 0.36860 0.12280 false false false X Part V, Line 4: Intended uses of the endowment fund. The endowment funds are retained in perpetuity to provide increasing income to the manor and may be used only to meet the statutory reserve requirements of the State of California or to meet unforeseen emergencies if the organization's funds are insufficient additionally, these funds are used for funding improvements which will substantially improve the quality of life for residents at the manor. Part X : FIN48 Footnote The Foundation believes that it has appropriate support for any tax positions taken, and therefore does not have any uncertain tax positions that are material to the financial statements for the years ended December 31, 2023. true Carmel Valley Manor 8545 Carmel Valley Rd Carmel CA 93923 946050476 501 (c)(3) 906862 0 Fundraising support to charit. act. 1 0 X X X false false false false false false false false false Ann Elise Emerson CFO 230145 33187 263332 Jay Zimmer President & CEO 380744 10650 24779 416173 Form 990, Part VI, Section B, Line 11b 990 is prepared by outside CPA. Finance Committee reviews the 990 and provides a complete draft to the Board of Directors for approval before filing. Form 990, Part VI, Section B, Line 12c Governance Committee distributes and reviews; identifies any conflict at the annual meeting of the Board. Form 990, Part VI, Section B, Line 15a The Board of Directors sets the CEOs compensation annually, which includes a bonus based on annual performance. In addition, Carmel Valley Manor (CVM) hired a firm to conduct a local compensation study in early 2023. CVM also receives the industrys Leading Age compensation study for Nursing Homes annually. CVM's policy is to complete a local compensation study bi-annually. Form 990, Part VI, Section B, Line 15b The CEO sets the salaries and incentive compensation for the other officers based the compensation study and officer performance, which are reviewed and approved by the Board of Directors in Executive Session. Form 990, Part VI, Section C, Line 19 Copies are placed in the Resident's Library and copies will be sent or emailed to individuals or entities on request Carmel Valley Manor 8545 Carmel Valley Rd Carmel CA 93923 946050476 Life care facility CA 501(c)(3) Line 10 Carmel Valley Manor false false true false false false false false false false false false false false false false false true false false Carmel Valley Manor b 906862 cash transfer Carmel Valley Manor q 37179 cash transfer