2024-08-08T10:18:07-05:00 2023-09-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-10-01 571028929 GREENWOOD HERITAGE FOUNDATION GREE 8642277160 1110 MARSHALL ROAD GREENWOOD SC 29646 DAVID BUCKSHORN PRESIDENT & CEO 8642277160 2024-08-05 1 1 JANICE A RATICA P00358837 7043338881 2024-08-05 2022 2024-08-08 14:25:15Z DAVID BUCKSHORN 1110 MARSHALL ROAD GREENWOOD SC 29646 2078484 0 X N/A X 1995 SC TO SUPPORT THE CHARITABLE MISSION OF WESLEY COMMONS, A CONTINUING CARE RETIREMENT COMMUNITY, LOCATED IN GREENWOOD, SC. 6 5 0 5 0 0 0 0 0 0 500311 129555 0 0 500311 129555 0 0 0 0 0 0 0 0 0 21250 130294 21250 130294 479061 -739 4586230 4821359 1624879 1809520 2961351 3011839 X TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING, AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE, OR OTHERWISE AND USE PROPERTY OF ANY KIND AND FUNDS EXCLUSIVELY FOR THE BENEFIT OF WESLEY COMMONS, A SECTION 501(C)(3) ORGANIZATION, ITS PROGRAMS, MISSIONS, REAL PROPERTY, IMPROVEMENTS, BUILDINGS, FIXTURES, AND THE MAINTENANCE, PRESERVATION, AND IMPROVEMENT OF THE SAME. 0 0 130294 EXPENSES INCURRED FOR THE BENEFIT OF WESLEY COMMONS, THE CHARITABLE ORGANIZATION SUPPORTED BY THE FOUNDATION. 130294 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 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 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 SC X SUSAN CRIBBS 8642277160 1110 MARSHALL ROAD GREENWOOD SC 29646 MS BONNIE M RAMAGE BOARD MEMBER 0.20 X 0 0 0 MS LAURIE SMITH BOARD MEMBER 0.20 X 0 0 0 REV R WAYNE HORNE CHAIR 0.50 X X 0 0 0 REV JEFFREY CHILDRESS SECRETARY 0.20 X X 0 0 0 MR DAVID B BUCKSHORN PRESIDENT/CEO 1.00 55.00 X 0 530650 45508 MS SUSAN CRIBBS CFO 1.00 50.00 X 0 283339 46420 0 813989 91928 0 0 1 0 0 111791 111791 1966693 1948929 17764 17764 17764 129555 0 0 129555 130294 130294 130294 130294 0 0 140503 212918 4044950 4204154 400777 404287 4586230 4821359 1624879 1809520 1624879 1809520 X 2541233 2590436 420118 421403 2961351 3011839 4586230 4821359 X -739 250726 -199499 X X 0 1 X 1 0 X X 1 WESLEY COMMONS 570524661 10 1 118746 0 1 118746 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 4587488 365423 131551 4821360 5294435 -569929 137018 4587488 4770410 550504 26479 5294435 4361901 437717 29208 4770410 4419864 56260 114223 4361901 0.91260 0.08558 0.00182 0 0 0 INTEREST IN ASSETS HELD BY OTHERS 404287 C 404287 FUNDS HELD FOR OTHERS - WESLEY COMMONS 1809520 1809520 X 180782 250726 250726 -69944 199499 199499 129555 130294 0 130294 0 130294 PART X, LINE 2: WESLEY COMMONS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF WESLEY COMMONS' TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ANY ACTIVITIES NOT DIRECTLY RELATED TO WESLEY COMMONS' TAX-EXEMPT PURPOSE ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. WESLEY COMMONS DID NOT PAY ANY INCOME TAXES DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AND NO LIABILITY HAS BEEN RECOGNIZED AT SEPTEMBER 30, 2023 OR 2022. IF APPLICABLE, INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES. WESLEY COMMONS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT RECLASSIFICATION 199,499. 0 0 0 0 0 0 0 0 0 MR DAVID B BUCKSHORN PRESIDENT/CEO 0 382017 0 140003 0 8630 0 20500 0 25008 0 576158 0 0 MS SUSAN CRIBBS CFO 0 256339 0 27000 0 0 0 20500 0 25920 0 329759 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE FORM 990. AFTER THEY COMPLETE THEIR REVIEW, A COPY OF THE RETURN IS MAILED/EMAILED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED TO REVIEW AND ACKNOWLEDGE THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 GREENWOOD HERITAGE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. HOWEVER, WESLEY COMMONS, THE SUPPORTED ORGANIZATION, ENGAGES AN INDUSTRY KNOWLEDGEABLE THIRD-PARTY AGENCY TO RESEARCH AND MAKE RECOMMENDATIONS AS TO THE APPROPRIATE COMPENSATION OF ALL KEY EMPLOYEES. THE RECOMMENDATIONS ARE THEN REVIEWED, DOCUMENTED, AND USED BY THE BOARD OF TRUSTEES IN THE DETERMINATION OF COMPENSATION AND RELATED MATTERS. THIS PROCESS ENSURES THAT COMPENSATION IS REASONABLE AND THAT WESLEY COMMONS PROVIDES ITS TALENT WITH COMPETITIVE COMPENSATION BASED ON INDUSTRY BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INVESTMENT INCOME RECLASSIFICATION -199,499. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WESLEY COMMONS 1110 MARSHALL ROAD GREENWOOD SC 29646 570524661 ELDERLY CARE SC 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 WESLEY COMMONS B 118746 MEMORANDUM OF UNDERSTANDING WESLEY COMMONS O 71851 WAGES PAID