2024-05-09T17:58:42-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 113656031 GINGER COVE FOUNDATION INC GING 4102667300 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 MARY BETH HOLLY CFO 4102667300 2024-05-09 1 MARY BETH HOLLY 999009999 1 BERNADETTE DANIEL P00026171 2156433900 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUDITH KELLY 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 1753512 0 X WWW.GINGERCOVE.COM X 2002 MD TO CREATE A "MARGIN OF EXCELLENCE" TO BENEFIT GINGER COVE RESIDENTS 12 12 0 25 0 0 403401 346779 0 0 87040 120775 0 0 490441 467554 67962 137157 0 0 0 0 0 0 0 320907 176506 388869 313663 101572 153891 2556906 3108192 527628 797720 2029278 2310472 TO CREATE A "MARGIN OF EXCELLENCE" TO BENEFIT GINGER COVE RESIDENTS 0 0 137777 137157 0 THE GINGER COVE FOUNDATION SUPPORTS ANNAPOLIS LIFE CARE, INC., THROUGH DEVELOPMENT OF FUNDING RESOURCES. ANNAPOLIS LIFE CARE, INC., WHICH PROVIDES HOUSING AND HEALTH CARE TO THE AGED, RECEIVED GRANTS OF $59,448. 137777 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 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 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X MARY BETH HOLLY 4102248139 4000 RIVER CRESCENT DRIVE ANNAPPOLIS MD 21401 X JUDITH KELLY PRESIDENT 5.00 0.00 X X 0 0 0 BARBARA BELLINGER VICE PRESIDENT 5.00 0.00 X X 0 0 0 CAROL SAWYER SECRETARY 5.00 0.00 X X 0 0 0 PATRICK ATTRIDGE TREASURER 5.00 0.00 X X 0 0 0 DANIEL BOWLER ALC REPRESENTATIVE 2.00 5.00 X 0 0 0 KATHLEEN MORRISON ALC REPRESENTATIVE 2.00 5.00 X 0 0 0 DONALD ALLEN DIRECTOR 2.00 0.00 X 0 0 0 MARTHA BLAXALL DIRECTOR 2.00 0.00 X 0 0 0 THOMAS HOPPIN DIRECTOR 2.00 0.00 X 0 0 0 CHERYL KAMINSKA DIRECTOR 2.00 2.00 X 0 0 0 SUSAN MILLER DIRECTOR 2.00 0.00 X 0 0 0 JAMES VAN METRE DIRECTOR 2.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 346779 346779 79015 79015 1327718 1285958 41760 41760 41760 467554 0 0 120775 X 59448 59448 77709 77709 24166 24166 6035 6035 17639 17639 119692 119692 828 828 7341 7341 150 150 DUES AND FEES 185 185 470 470 313663 137777 175886 0 519131 301492 1000 8850 2297 2297 0 0 2035675 2796750 1100 1100 2556906 3108192 16106 13398 511522 784322 527628 797720 X 287672 265270 1741606 2045202 2029278 2310472 2556906 3108192 X 153891 132504 -5201 X 0 1 X 1 0 X X X 1 ANNAPOLIS LIFE CARE INC 521381348 10 1 137777 0 1 137777 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, SECTION D, LINE 3: AS THE SOLE MEMBER OF THE FOUNDATION, ANNAPOLIS LIFE CARE, INC., SETS THE PROJECTS TO BE FUNDED AND ANNUALLY APPROVES THE INVESTMENT POLICY STATEMENT. SCHEDULE A, SECTION E, LINE 2A: THE FOUNDATION ACTS AS THE CONDUIT FOR THE COLLECTION OF DONATED FUNDS TO FURTHER SUPPORT THE MISSION AND GOALS AS DETERMINED BY ANNAPOLIS LIFE CARE, INC. SCHEDULE A, SECTION E, LINE 2B: ANNAPOLIS LIFE CARE, INC., THE SUPPORTED ORGANIZATION OF THE FOUNDATION, RELIES ON GIFTS, GRANTS AND CONTRIBUTIONS TO OPERATE ON A DAILY BASIS. WITHOUT THE ACTIVITIES OF THE FOUNDATION, ANNAPOLIS LIFE CARE, INC., WOULD HAVE TO FUND RAISE TO CONTINUE TO OPERATE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 340066 30403 370469 389352 -49286 340066 309144 80208 389352 304214 4930 309144 283892 159 20163 304214 0.00000 0.40719 0.59281 0 0 2297 2297 0 0 CHARITABLE GIFT ANNUITIES 227023 ADVANCES FROM RELATED PARTY 557299 784322 X 554825 132504 14215 -59448 87271 467554 0 467554 273631 14215 -54247 -40032 313663 0 313663 PART V, LINE 4: THE PAULINE LEANOS GRIFFITHS MEMORIAL SCHOLARSHIP FUND PROVIDES TUITION ASSISTANCE TO DESERVING EMPLOYEES WHO ARE ALREADY ENROLLED IN A PROGRAM OF STUDY. PREFERENCE IS GIVEN TO THOSE EMPLOYEES ENROLLED IN A PROGRAM THAT HAS THE POTENTIAL TO DIRECTLY BENEFIT THE RESIDENTS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM INCOME TAXES ON RELATED ACTIVITIES PURSUANT TO SECTION 509(A) OF THE IRC. THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS, INCLUDING NONPROFIT CORPORATIONS, AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. MANAGEMENT HAS DETERMINED THAT THE STANDARD DOES NOT HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FORGIVENESS OF ADVANCE FROM RELATED PARTY -59,448. PART XII, LINE 2D - OTHER ADJUSTMENTS: FORGIVENESS OF ADVANCE FROM RELATED PARTY -59,448. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 5,201. 1 ANNAPOLIS LIFE CARE INC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 521381348 501(C)(3) 59448 0 SUPPORT OPERATIONS 1 0 SCHOLARSHIPS 19 77709 0 PART I, LINE 2: THE ORGANIZATION PROVIDES FOR OPERATING EXPENSES BASED UPON ITS FUNDRAISING ACTIVITIES RELATED TO THE SUPPORT OF ITS PARENT ORGANIZATION. ALL FUNDS ARE MONITORED FOR PROPER USAGE THROUGH THE GENERAL LEDGER SYSTEMS OF BOTH ORGANIZATIONS. THE FOUNDATION PROVIDES SCHOLARSHIPS TO EMPLOYEES OF ITS RELATED TAX-EXEMPT ORGANIZATION, ANNAPOLIS LIFE CARE, INC. THE FOUNDATION SETS SCHOLARSHIP BUDGETS WHICH MAY BE USED FOR SCHOOLING AND PROFESSIONAL DEVELOPMENT. ANNAPOLIS LIFE CARE, INC., LENDS ADMINISTRATIVE SUPPORT BY INTERVIEWING ALL SCHOLARSHIP APPLICANTS AND MAKING DECISIONS ON RECIPIENTS BASED ON APPLICATION CRITERIA. EMPLOYEES SUBMIT REGISTRATION FORMS AND OBTAIN A RECOMMENDATION FROM THEIR SUPERVISOR. THE APPLICANT WILL GO THROUGH AN INTERVIEW PROCESS WITH THE ANNAPOLIS LIFE CARE, INC. (THE SOLE MEMBER) CEO, ADMINISTRATOR, OR HUMAN RESOURCES DIRECTOR. THE EDUCATIONAL OPPORTUNITIES SOUGHT IS EITHER RELATED TO ACTIVITIES OF THE ORGANIZATION, OR LEADS TO THE BETTERMENT OF THE EMPLOYEE'S SKILL SET. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THOSE DIRECTORS THEN SERVING AS OFFICERS OF THE CORPORATION AND THE IMMEDIATE PAST PRESIDENT OF THE CORPORATION (BUT ONLY IF AND SO LONG AS THE IMMEDIATE PAST PRESIDENT REMAINS A DIRECTOR). THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED TO CARRY OUT ALL POWERS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD. ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED PROMPTLY TO THE BOARD NO LATER THAN THE NEXT REGULAR OF SPECIAL MEETING OF THE BOARD OF DIRECTORS. ACTIONS OF THE EXECUTIVE WHICH ARE WITHIN THE AUTHORITY OF THE EXECUTIVE COMMITTEE SHALL NOT REQUIRE RATIFICATION BY THE BOARD OF DIRECTORS, BUT ANY ACTIONS OF THE EXECUTIVE COMMITTEE MAY BE MODIFIED AT A MEETING OF THE BOARD OF DIRECTORS BY VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS PRESENT AND CONSTITUTING AT LEAST A QUORUM. HOWEVER, ANY SUCH MODIFICATION SHALL NOT AFFECT THE RIGHTS OF ANY THIRD PARTY. FORM 990, PART VI, SECTION A, LINE 6 ANNAPOLIS LIFE CARE, INC, A RELATED PUBLIC CHARITY, IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ALL THE FOUNDATION'S BOARD OF DIRECTORS ARE APPOINTED BY THE SOLE MEMBER. AT LEAST TWO OF THOSE DIRECTORS SHALL ALSO BE BOARD MEMBERS OF THE SOLE MEMBER. THESE DIRECTORS MAY NOT BE RESIDENTS WHEN ELECTED TO THE FOUNDATION'S BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER HAS THE FULL POWER TO ALTER OR REPEAL THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE ANNAPOLIS LIFE CARE, INC. (THE SOLE MEMBER) CEO AND CFO PERFORM AN INITIAL REVIEW OF THE FORM 990. ALL FOUNDATION BOARD MEMBERS THEN RECEIVE A COPY OF THE RETURN BEFORE THE FORM IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNAPOLIS LIFE CARE, INC., HAS A CONFLICT OF INTEREST POLICY WHICH THE FOUNDATION BOARD HAS ADOPTED FOR ALL BOARD MEMBERS, OF WHICH THE CONFLICT OF INTEREST STATEMENT IS UPDATED ANNUALLY. ANY ACTUAL OR POTENTIAL CONFLICTS ARE EXPECTED TO BE DISCLOSED. THE PRESIDENT AND SECRETARY OF THE BOARD WILL RECEIVE ALL ANNUAL CONFLICT OF INTEREST STATEMENTS, AND ALL CHAIRMEN OF STANDING BOARD COMMITTEES. IF AN ACTUAL OR POTENTIAL CONFLICT WERE TO EXIST, THE INTERESTED PARTY WOULD ABSTAIN FROM ALL DISCUSSIONS AND DECISIONS ON THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS WHICH MAY POSE A CONFLICT ARE EXPRESSLY CONSIDERED IN THE POLICY AND THE ANNUAL STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL THAT MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE LOCATED IN THE GINGER COVE LIBRARY FOR PUBLIC REVIEW AND THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: MANAGEMENT AND GENERAL EXPENSES 119,692. TOTAL EXPENSES 119,692. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -5,201. ANNAPOLIS LIFE CARE INC 4000 RIVER CRESCENT DRIVE ANNAPOLIS MD 21401 521381348 TO OWN AND OPERATE A CONTINUING CARE FACILITY MD 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0