2024-11-15T14:06:25-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 474751000 SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION SHEN 5406655923 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 DUANE A WERNECKE CHIEF FINANCIAL OFFICER 5406655923 2024-11-15 1 1 JOHN NORMAN P01506766 7049985200 2024-11-15 2023 2024-10-15 13:58:12Z DUANE A WERNECKE 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 1163426 0 X SVWC.ORG X 2015 VA TO PROVIDE SUPPORT FOR OLDER ADULTS AND THE PEOPLE WHO CARE FOR THEM, AND TO FUND PROGRAMS AND SERVICES DEDICATED TO IMPROVING WELL BEING. 11 9 0 9 0 0 346047 870021 0 0 366856 -25129 0 0 712903 844892 313613 372013 0 0 0 0 0 0 0 38166 31990 351779 404003 361124 440889 10452941 12329440 214348 256198 10238593 12073242 TO PROVIDE SUPPORT FOR OLDER ADULTS AND THE PEOPLE WHO CARE FOR THEM, AND TO FUND PROGRAMS AND SERVICES DEDICATED TO IMPROVING WELL BEING. 0 0 372013 372013 TO PROVIDE SUPPORT FOR OLDER ADULTS AND THE PEOPLE WHO CARE FOR THEM, AND TO FUND PROGRAMS AND SERVICES DEDICATED TO IMPROVING WELL BEING. 372013 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 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 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X DUANE WERNECKE 5406655917 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 MRS JEANNIE SHILEY EX-OFFICO BOARD MEMBER 1.00 39.00 X 0 297269 65060 MR DUANE A WERNECKE CPA EX-OFFICO BOARD MEMBER 1.00 39.00 X 0 203744 77284 REV DAN MCCOIG BOARD MEMBER 1.00 1.00 X 0 0 0 MRS MARIE IMOH BOARD MEMBER 1.00 0.00 X 0 0 0 MRS KATHY TAGNESI CHAIR 1.00 0.00 X X 0 0 0 MR CHARLES MCWILLIAMS BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD EISENSTAEDT BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN KAGEY BOARD MEMBER 1.00 1.00 X 0 0 0 HARRY SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 GINA HAMMOND BOARD MEMBER 1.00 0.00 X 0 0 0 MARCIA KEECH BOARD MEMBER 1.00 0.00 X 0 0 0 0 501013 142344 0 0 1 0 0 870021 870021 293405 293405 318534 -318534 -318534 -318534 844892 0 0 -25129 332345 332345 39668 39668 31527 31527 BANK CHARGES 463 463 404003 372013 31990 0 381722 247696 10071219 12081744 10452941 12329440 36986 188327 177362 67871 214348 256198 X 1988576 2486499 8250017 9586743 10238593 12073242 10452941 12329440 X 440889 1476871 -83111 X X 0 1 X 1 0 X X X 1 SHENANDOAH VALLEY WESTMINSTER CANTE 521266582 10 1 332345 0 1 332345 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION B, LINE 1 THE FOUNDATION SHALL HAVE THREE TRUSTEES WHO ARE DESIGNATED AS THE EX OFFICIO TRUSTEES WHICH ARE THE INDIVIDUALS WHO HOLD THE OFFICIAL POSITIONS OF PRESIDENT / CEO OF WESTMINSTER-CANTERBURY OF WINCHESTER, INC., CHIEF FINANCIAL OFFICER OF WESTMINSTER-CANTERBURY OF WINCHESTER, INC. AND CHAIR OF THE BOARD OF TRUSTEES OF WESTMINSTER-CANTERBURY OF WINCHESTER, INC. AN EX OFFICIO TRUSTEE SHALL HAVE THE RIGHT TO VOTE. AS LONG AS WESTMINSTER-CANTERBURY OF WINCHESTER, INC., IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION SHALL NOT HAVE LESS THAN TWO AND NOT MORE THAN SIX TRUSTEES WHO ARE DESIGNATED AS THE APPOINTED TRUSTEES. THE APPOINTED TRUSTEES SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OF WESTMINSTER-CANTERBURY OF WINCHESTER, INC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1580065 197933 1777998 1868343 -288278 1580065 1692784 175559 1868343 1574058 118726 1692784 1394206 179852 1574058 0.75160 0.24840 0 0 0 DUE TO AFFILIATE 67871 67871 X PART V, LINE 4: THERE ARE TWO ENDOWMENTS PRESENTLY HELD BY THE FOUNDATION. THE FIRST ENDOWMENT INSTRUCTS THE FOUNDATION THAT ANY INCOME GENERATED FROM THE ENDOWMENT IS TO BE USED FOR THE FELLOWSHIP FUND OF WESTMINSTER CANTERBURY OF WINCHESTER, INC. THE SECOND ENDOWMENT INSTRUCTS THE FOUNDATION THAT ANY INCOME GENERATED FROM THE ENDOWMENT IS ONLY TO BE USED FOR THE PURCHASE AND/OR RESTORATION OF BOOKS FOR THE LIBRARY. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MANAGEMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 OR 2022. 1 SHENANDOAH VALLEY WESTMINSTER CANTERBURY 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 521266582 501(C)3 332345 0 SEE PART IV 1 SCHOLARSHIP FUND 11 16693 EMPLOYEE EMERGENCY FUND 12 22975 PART I, LINE 2: THE FOUNDATION SUPPORTS WESTMINSTER CANTERBURY OF WINCHESTER ("WCW") PRIMARILY BY PROVIDING FINANCIAL ASSISTANCE TO THOSE RESIDENTS OF WCW THAT DEMONSTRATE FINANCIAL NEED, BY PROVIDNG SCHOLARSHIPS TO EMPLOYEES OR THEIR FAMILY MEMBERS, AND BY PROVIDING EMERGENCY ASSISTANCE TO EMPLOYEES. RESIDENTS DEMONSTRATE FINANCIAL NEED BY UPDATING A RESIDENTAL FINANCIAL INFORMATION FORM ANNUALLY. EMPLOYEES RECEIVING TUITION REIMBURSEMENT ARE REQUIRED TO SUBMIT VERIFICATION OF CLASSES AND THEIR RESPECTIVE GRADES IN THOSE CLASSES. SCHOLARSHIPS ARE AWARDED TO QUALIFYING EMPLOYEES OR THOSE MEMBERS OF AN EMPLOYEE'S FAMILY THAT WOULD QUALIFY FOR SCHOLARSHIP ASSISTANCE. LASTLY THE ORGANIZATION PROVIDES EMERGENCY ASSISTANCE TO EMPLOYEES, AS WELL AS OTHER SMALLER ASSISTANCE ITEMS, THROUGHOUT THE YEAR AS THE NEED ARISES. SCHEDULE I, PART II, LINE 1 THE PURPOSE OF THE GRANTS WERE TO FINANCE SEVERAL PROGRAMS BENEFITTING RESIDENTS OF SVWC IN ALL THREE LEVELS OF CARE. ADDITIONALLY, FINANCIAL ASSISTANCE IS PROVIDED TO RESIDENTS OF WESTMINSTER-CANTERBURY OF WINCHESTER THAT DEMONSTRATE FINANCIAL NEED. 0 0 0 0 0 0 0 0 0 MRS JEANNIE SHILEY EX-OFFICO BOARD MEMBER 0 277833 0 13188 0 6248 0 9900 0 55160 0 362329 0 0 MR DUANE A WERNECKE CPA EX-OFFICO BOARD MEMBER 0 199315 0 4429 0 0 0 9900 0 67384 0 281028 0 0 PART I, LINE 3 COMPENSATION IS PAID BY A RELATED ORGANIZATION. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED TO INDUSTRY STANDARDS ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS REVIEWED ANNUALLY BY THE CEO DURING THE ANNUAL EMPLOYEE REVIEW PROCESS. DOCUMENTATION OF THE DELIBERATION AND DECISION IS CONTAINED IN THE EMPLOYEE'S FILE. FORM 990, PART VI, SECTION B, LINE 11B ONCE CLIFTONLARSONALLEN COMPLETES ITS WORK ON THE IRS FORM 990, IT SUBMITS A DRAFT TO THE CFO WHO REVIEWS AND UPLOADS A COPY TO THE BOARD PORTAL AND ALERTS THE BOARD MEMBERS IT IS AVAILABLE TO VIEW. FOUNDATION BOARD MEMBERS ARE INSTRUCTED TO CONTACT THE CFO WITH ANY QUESTIONS, COMMENTS OR CONCERNS THAT THEY MAY HAVE PRIOR TO FILING OF THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED BY THE BOARD MEMBERS ANNUALLY. IF A CONFLICT IS FOUND TO EXIST, THE AFFECTED BOARD MEMBER IS ASKED TO ABSTAIN FROM SERVING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS REVIEWED ANNUALLY AND COMPARED TO INDUSTRY STANDARDS BY SVWC'S COMPENSATION CONSULTANT AND BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED BY SVWC'S CEO, DIRECTOR OF HR, AND BY AN INDUSTRY SALARY CONSULTANT ON A QUARTERLY OR SEMI-ANNUAL BASIS. DOCUMENTATION ON DELIBERATION AND DECISION IS CONTAINED ON EITHER CEO'S COMPUTER FILES OR DIRECTOR OF HR COMPUTER FILES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 18 ANNUAL DISCLOSURE THROUGH THE STATE CORPORATION COMMISSION FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER FROM AFFILIATE -83,111. FORM 990, PART XII, LINE 2C OVERSIGHT AND SELECTION PROCESS IS UNCHANGED FROM PRIOR YEAR. WESTMINSTER CANTERBURY OF WINCHESTER INC 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 521266582 CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0