2025-03-28T13:41:13-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 882893273 WESLEYLIFE FOUNDATION WESL 5152716794 5508 NW 88TH STREET JOHNSTON IA 50131 CRAIG FLANAGAN CFO 5152716794 2025-03-25 1 0 ANN NEIL P01817922 6123764500 2025-03-25 2023 2025-03-06 01:10:19Z X X ROB KRETZINGER 5508 NW 88TH STREET JOHNSTON IA 50131 10121339 0 X WWW.WESLEYLIFE.ORG/FOUNDATION X 2022 IA SEE SCHEDULE O 10 10 0 0 0 0 10121105 0 234 0 10121339 9407157 0 470267 0 55299 243915 10121339 0 90180 90180 0 X GUIDED BY CHRISTIAN COMPASSION, WE PROVIDE THE NEEDED RESOURCES TO SUPPORT THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. 0 0 9981919 9407157 0 WESLEYLIFE FOUNDATION IS AN ORGANIZATION FORMED TO SUPPORT THE CHARITABLE MISSION OF THE WESLEYLIFE CHARITABLE ENTITIES INCLUDING WESLEY RETIREMENT SERVICES, AND WESLEY COMMUNITY SERVICESTHE WESLEYLIFE COMMUNITY ORGANIZATIONS ARE ALL TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND FUNCTION TO ENHANCE THE INDEPENDENCE, HEALTH, AND WELLBEING OF OLDER ADULTS TO TRANSFORM THE AGING EXPERIENCE SO THAT OLDER ADULTS LIVE BETTER AND LONGER.THE FOUNDATIONS ACTIVITIES FOCUS ON CONSOLIDATING THE FUNDRAISING ACTIVITIES BY THE WESLEYLIFE COMMUNITY ORGANIZATIONS, AND WHILE NOT SECTION 509(A)(3) SUPPORTING ORGANIZATION, IT IS ORGANIZED AND OPERATED TO EXCLUSIVELY SUPPORT THE SECTION 501(C)(3) WESLEYLIFE COMMUNITY ORGANIZATIONS.TO ENSURE THE FOUNDATIONS MISSION ALIGNS WITH THE WESLEYLIFE COMMUNITY, ITS SOLE MEMBER IS WESLEYLIFE, WHICH IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND IS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION AND IS A SUPPORTING ORGANIZATION TO THE WESLEYLIFE COMMUNITY ORGANIZATIONS. AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION, THE SOLE MEMBER WILL ALSO SUPPORT THE FOUNDATION AS ANOTHER SECTION 509(A)(1) PUBLIC CHARITY AND MEMBER OF THE WESLEYLIFE COMMUNITY. 0 0 0 WESLEYLIFE FOUNDATION WAS ESTABLISHED TO SUPPORT WESLEYLIFE, WHICH IS ROOTED IN THE BELIEF THAT EVERYONE DESERVES THE OPPORTUNITY TO LIVE A LIFE OF ONGOING GROWTH, EXPERIENCE, ENGAGEMENT AND MEANING, REGARDLESS OF THEIR PHYSICAL, SOCIAL OR ECONOMIC CIRCUMSTANCES. THE FOUNDATION WORKS CLOSELY WITH WESLEYLIFE TO MANAGE FINANCIAL RESOURCES AND TO SERVE AS RESPONSIBLE STEWARDS.WESLEYLIFE FOUNDATION DISTRIBUTES 100 PERCENT OF ITS CONTRIBUTIONS TO WESLEYLIFE, WHICH HOLDS PERMANENT AND TEMPORARY RESTRICTED NET ASSETS ON BEHALF OF THE FOUNDATION AND AS OF DECEMBER 31, 2023, AMOUNTED TO $28,285,423. THESE FUNDS ARE UTILIZED IN COLLABORATION WITH THE FOUNDATION AND IN ACCORDANCE WITH WESLEYLIFE'S INVESTMENT POLICY, AND THEY DIRECTLY IMPACT AND ENHANCE SERVICES THAT SUPPORT THE INDEPENDENCE, HEALTH AND WELL-BEING OF OLDER ADULTS, WHEREVER THEY CALL HOME. 9981919 1 1 0 0 0 0 0 0 0 0 0 0 0 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 1 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 10 10 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 0 X CRAIG FLANAGAN 5152716789 5508 NW 88TH ST JOHNSTON IA 50131 ROB KRETZINGER PRESIDENT AND CEO 4.00 40.00 X X 0 848714 40147 SOPHIA AHMAD VP OF PHILANTHROPHY 40.00 0.00 X X 0 191477 39986 TRAVIS SIMPSON CHAIR 1.00 0.00 X X 0 0 0 NATHANIEL DODDRIDGE VICE CHAIR 1.00 0.00 X X 0 0 0 CONNIE ISSACSON VICE CHAIR 1.00 0.00 X 0 0 0 CHRISTINE COONS BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT HARRINGTON BOARD MEMBER 1.00 0.00 X 0 0 0 KATHRYN KUNERT BOARD MEMBER 1.00 0.00 X 0 0 0 GLEN LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 LOIS VERMEER BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG FLANAGAN CFO 4.00 40.00 X 0 327637 35569 0 1367828 115702 0 0 1 0 0 10121105 102558 10121105 234 234 10121339 0 0 234 9407157 9407157 375833 375833 3393 3393 67912 67912 23129 23129 45335 45335 36423 36423 38786 38786 21987 21987 43353 43353 527 527 SPECIAL EVENTS 55299 55299 MISCELLANEOUS EXPENSE 1201 1201 DUES AND SUBSCRIPTIONS 645 645 EMPLOYEE RELATIONS 359 359 10121339 9981919 84121 55299 0 90180 0 90180 0 13365 0 76815 0 90180 X 0 0 0 90180 0 0 X 0 1 X 1 1 1 X 6513917 6513917 6513917 6513917 6513917 234 234 6514151 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM RELATED ENTITIES 76815 76815 X PART X, LINE 2: THE CORPORATION IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE SECTIONS OF THE STATE STATUTES. CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. HOWEVER, THERE ARE IMMATERIAL AMOUNTS OF UNRELATED BUSINESS INCOME IN CERTAIN AFFILIATES THAT ARE TAXABLE. THE CORPORATION ACCOUNTS FOR ITS UNCERTAINTY IN INCOME TAX UNDER ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES WESLEYLIFE, WRS, AND WCS FILE INFORMATION RETURNS AS TAX-EXEMPT ORGANIZATIONS. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. 1 WELLSPIRE LLC 5508 NW 8TH ST JOHNSTON IA 50131 833724025 484428 0 SUPPORT WESLEYLIFE 5508 NW 8TH ST JOHNSTON IA 50131 300577845 47948 0 SUPPORT WESLEY COMMUNITY SERVICES 5508 NW 8TH ST JOHNSTON IA 50131 203970256 5930774 0 SUPPORT WESLEY RETIREMENT SERVICES 5508 NW 8TH ST JOHNSTON IA 50131 420680440 2944007 0 SUPPORT 4 0 X X X 0 1 0 0 0 0 0 0 0 ROB KRETZINGER PRESIDENT AND CEO 0 656325 0 171941 0 20448 0 9900 0 30247 0 888861 0 0 CRAIG FLANAGAN CFO 0 321657 0 0 0 5980 0 9878 0 25691 0 363206 0 0 SOPHIA AHMAD VP OF PHILANTHROPHY 0 191477 0 0 0 0 0 1450 0 38536 0 231463 0 0 X 3 84000 DAILY TRADING PRICE X WALKWAY FROM PATIO TO PARKING AREA 1 5660 FMV X WALK IN TUB 1 4999 FMV X GOLF CART 1 3200 FMV X KIMBLE PIANO 1 3000 FMV X LANDSCAPING 1 2766 FMV X HCI PHYSIOSTEP LXT RECUMBENT LINEAR 1 800 FMV X BARIATRIC SHOWER CHAIR 1 700 FMV X LIFT-CHAIR 1 450 FMV X TRANSFER DISK 1 53 FMV X TWIN-SIZED HOSPITAL BED 1 0 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART 1, LINE 1 GUIDED BY CHRISTIAN COMPASSION, WE PROVIDE THE NEEDED RESOURCES TO SUPPORT THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. FORM 990, PART VI, SECTION A, LINE 6 WESLEYLIFE, AN EXEMPT 501(C)(3) SUPPORTING ORGANIZATION, IS THE SOLE CORPORATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A WESLEYLIFE ELECTS THE BOARD MEMBERS OF THE FOUNDATION. IF THERE ARE ANY VACANCIES IN THE BOARD OF DIRECTORS, THEY ARE FILLED BY WESLEYLIFE. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF THE FOLLOWING MATTERS ARE RESERVED EXCLUSIVELY TO THE MEMBER: 1. APPROVAL OF CHANGES TO THE ARTICLES OF INCORPORATION OR BYLAWS; 2. APPOINTMENT OF, OR REMOVAL OF, WITH OR WITHOUT CAUSE, THE MEMBERS OF THE BOARD OF DIRECTORS; ABILITY TO FIX THE NUMBER OF BOARD OF DIRECTORS; 3. APPROVAL OF THE INCURRENCE OF DEBT; 4. THE SALE, TRANSFER, OR SUBSTANTIAL CHANGE IN USE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, DIVESTITURES, DISSOLUTIONS, CLOSURES, MERGERS, CONSOLIDATIONS, OR CHANGES IN CORPORATE MEMBERSHIP; 5. APPROVAL OF THE TRANSFER OR ENCUMBRANCE OF THE ASSETS; AND 6. APPROVAL OF THE ANNUAL OPERATING BUDGET AND CAPITAL PLAN. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION COMMUNICATES THE CONFLICT OF INTEREST POLICY ANNUALLY TO BOARD MEMBERS AND REQUIRES BOARD MEMBERS TO COMPLETE AN ANNUAL STATEMENT DESCRIBING ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. IF ANY CONFLICTS ARISE THE BOARD MUST FOLLOW THE PROCEDURES SPECIFIED IN THE POLICY TO RESOLVE THE MATTER. WITH RESPECT TO THE BOARD MEMBERS, A PERSON WHO HAS A CONFLICT OF INTEREST IS DEEMED AN INTERESTED DIRECTOR. THE INTERESTED DIRECTOR SHALL NOT PARTICIPATE IN THE VOTE REGARDING HIS/HER POTENTIAL CONFLICT AND, DEPENDING UPON THE CIRCUMSTANCES, MAY NOT BE PERMITTED TO PARTICIPATE IN THE DISCUSSION REGARDING THE ISSUE. NO INTERESTED DIRECTOR SHALL BE PERMITTED TO VOTE IN MATTERS IN WHICH HE/SHE HAS A CONFLICT OF INTEREST. WITH RESPECT TO EMPLOYEES, THE PRESIDENT, IN CONSULTATION WITH OTHER UNBIASED MANAGERS, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, INCLUDING INVESTIGATING ALTERNATIVES TO A TRANSACTION OR ARRANGEMENT THAT GIVES RISE TO A CONFLICT OF INTEREST, THE PRESIDENT SHALL DETERMINE WHETHER THE CORPORATION IS ABLE TO OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM ANOTHER INDIVIDUAL OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT AVAILABLE, THE ARRANGEMENT OR TRANSACTION MAY GO FORWARD IF THE PRESIDENT DETERMINES THAT THE TRANSACTION IS FAIR AND IN THE BEST INTEREST OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A WESLEYLIFE PARTICIPATES IN AN ANNUAL 3RD PARTY COMPENSATION STUDY. THE SURVEY DATABASE INCLUDES DATA FROM 103 MULTI-SITE ORGANIZATIONS REPRESENTING 1,502 EXECUTIVES. COMPENSATION DATA IS COLLECTED FOR 18 DIFFERENT EXECUTIVE POSITIONS. THE SURVEY DELIVERS WHAT IS VIEWED AS THE HIGHEST QUALITY OF BENCHMARK INFORMATION AND PROFESSIONAL SERVICES TO THE NON PROFIT, AGING SERVICES FIELD. THE REPORT FEATURES: - ANALYSIS OF EXECUTIVE COMPENSATION GOVERNANCE PROCESSES. - DETAILED FINANCIAL PROFILE OF ALL PARTICIPANTS, PRESENTED BY REVENUE, ASSETS, FTE'S, AND GEOGRAPHIC REGION. - COMPREHENSIVE ANALYSIS OF CASH COMPENSATION PRACTICES AND BENEFITS. - DATA SUMMARY TABLES WITH A FULL RANGE OF STATISTICAL ANALYSES DISPLAYING COMPENSATION BY DIFFERENT ORGANIZATIONAL SCOPE. - GEOGRAPHICAL ANALYSIS INCLUDING REGIONAL DIFFERENCES. - ANALYSIS AND REPORTING OF DEFERRED COMPENSATION PRACTICES. THE WESLEYLIFE BOARD OF DIRECTORS, THROUGH DELEGATED FUNCTION TO THE EXECUTIVE COMMITTEE, SETS THE PRESIDENT/CEO COMPENSATION DESIGN ANNUALLY BASED ON PERFORMANCE, DEVELOPMENT, AND PEER GROUP WITHIN THE COMPENSATION STUDY. THERE IS A FORMALIZED COMPENSATION PHILOSOPHY THAT IS SET INTO POLICY THAT COVERS ALL EXECUTIVES AND OFFICERS OF THE ORGANIZATION. COMPENSATION IS DETERMINED ON THE CONSOLIDATED VIEW OF THE ORGANIZATION AND ALL RELATED ENTITIES, AND ALLOCATED BASED ON A TIME PERCENTAGE. THE PRESIDENT/CEO SETS COMPENSATION FOR ALL OTHER OFFICERS BASED ON PERFORMANCE, DEVELOPMENT, AND PEER GROUP WITHIN THE COMPENSATION STUDY. THE LAST REVIEW PROCESS WAS CONDUCTED IN 2023 AND IS DONE ANNUALLY. 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 AMENDED RETURN DISCLOSURES: FORM 990, PART III, LINE 4A EXPENSES HAS BEEN UPDATED FROM $574,762 TO $9,981,919. FORM 990, PART III, LINE 4A GRANTS HAS BEEN UPDATED FROM $0 TO $9,407,157. PART 990, PART IV, LINE 29 HAS BEEN UPDATED TO CHECK THE BOX AS "YES". FORM 990, PART IX, LINE 1 HAS BEEN UPDATED FROM $0 TO $9,407,157. FORM 990, PART XI, LINE 9 HAS BEEN UPDATED BY REMOVING "NET ASSET CHANGES $9,407,157". SCHEDULE I, PART I HAS BEEN ADDED. WESLEY COMMUNITY SERVICES INC 5508 NW 88TH STREET JOHNSTON IA 50131 203970256 HOME HEALTH CARE IA 501(C)(3) LINE 10 WESLEYLIFE 1 WESLEY RETIREMENT SERVICES INC 5508 NW 88TH STREET JOHNSTON IA 50131 420680440 LONG TERM CARE IA 501(C)(3) LINE 10 WESLEYLIFE 1 WELLSPIRE LLC 5508 NW 88TH STREET JOHNSTON IA 50131 833724025 SENIOR HOUSING DEVELOPMENT IA 501(C)(3) LINE 10 WESLEYLIFE 1 WESLEYLIFE 5508 NW 88TH STREET JOHNSTON IA 50131 300577845 SUPPORT WESLEY RETIREMENT SERVICES IA 501(C)(3) LINE 10 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0