2025-09-24T08:36:58-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-10-01 562205837 BAPTIST RETIREMENT HOMES FOUNDATION BAPT 3367250202 PO BOX 11024 WINSTON SALEM NC 27116 MICHAEL J BRADY CHIEF FINANCIAL OFFICER 3367250202 2025-09-20 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-09-20 2023 2025-03-06 01:10:19Z REED A VANDERSLIK PO BOX 11024 WINSTON SALEM NC 27116 3843425 0 X WWW.THRIVEMORENC.ORG/FOUNDATION X 2000 NC FUND AND SUPPORT THE BENEVOLENT MINISTRY OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INC. 6 6 0 6 0 0 123326 1847920 0 0 1206997 1995505 0 0 1330323 3843425 1838824 2916057 0 0 0 184145 0 0 212175 617880 747944 2456704 3848146 -1126381 -4721 39730118 45176642 1463306 12454 38266812 45164188 BAPTIST RETIREMENT HOMES FOUNDATION'S MISSION IS TO PRIMARILY SUPPORT THE BENEVOLENT MINISTRY OF THE BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INCORPORATED DBA THRIVEMORE 0 0 2916057 2916057 BAPTIST RETIREMENT HOMES FOUNDATION'S MISSION IS TO PRIMARILY SUPPORT THE BENEVOLENT MINISTRY OF THE BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INCORPORATED DBA THRIVEMORE 2916057 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 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 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL J BRADY 3367250300 1912 BETHABARA ROAD WINSTON SALEM NC 27106 MARY MORGAN CHAIR 1.00 0.00 X X 0 0 0 CHARLOTTE COOK-SMITH DIRECTOR 1.00 0.00 X 0 0 0 CLARENCE LAMBE DIRECTOR 1.00 1.00 X 0 0 0 ROGER ROBERTSON DIRECTOR 1.00 0.00 X 0 0 0 MELVIN SCALES DIRECTOR 1.00 0.00 X 0 0 0 HENRY SKINNER DIRECTOR 1.00 0.00 X 0 0 0 REED VANDERSLIK ASST SECRETARY 4.00 36.00 X 0 384611 48222 SCOTT FARKAS ASST TREASURER THRU 9/26/23 4.00 36.00 X 0 153408 40927 MICHAEL BRADY ASST TREASURER AS OF 2/12/24 4.00 36.00 X 0 0 0 MONIQUE FARRELL DIRECTOR OF DEVELOPMENT 36.00 4.00 X 0 101250 9618 0 639269 98767 0 0 1 0 0 575000 1272920 1847920 873450 873450 1122055 0 1122055 1122055 1122055 3843425 0 0 1995505 2916057 2916057 158385 158385 13494 13494 12266 12266 4628 4628 73058 73058 19202 19202 275 275 8362 8362 758 758 568 568 4732 4732 2643 2643 10834 10834 133 133 HOME OFFICE ALLOCATION 581791 581791 OTHER EXPENSES 30972 2942 28030 MAINTENANCE 9988 9988 3848146 2916057 719914 212175 838506 0 0 157500 1267369 169443 1108760 1097926 31674569 36583180 6103280 7033431 5003 5376 0 299229 39730118 45176642 12454 1463306 0 1463306 12454 X 25144282 30981521 13122530 14182667 38266812 45164188 39730118 45176642 X -4721 5153870 1748227 X X 0 1 X 1 0 X X 1 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED 560562308 10 1 2902057 0 1 2902057 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7996410 1721917 291781 9426546 7501840 985916 491346 7996410 7882390 1505143 -1885693 7501840 6839731 1139430 96771 7882390 6693357 243145 96771 6839731 0.28995 0.71005 0.00000 1 0 994357 994357 267575 164324 103251 5437 5119 318 1097926 CHARITABLE REMAINDER TRUSTS 63892 C BENEFICIAL INTEREST IN PERPETUAL TRUST 2166835 C MISCELLANEOUS INVESTMENTS 4802704 C 7033431 X PART V, LINE 4: RESTRICTED FUNDS ARE INTENDED FOR RESIDENT ASSISTANCE AND OTHER RESTRICTED PROGRAMS. PART X, LINE 2: THE HOMES AND THE FOUNDATION ARE NONPROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). THE HOMES AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF THE HOMES OR THE FOUNDATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE HOMES OR THE FOUNDATION. THE HOMES AND THE FOUNDATION FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAS HAD NO IMPACT ON THE HOMES OR THE FOUNDATION'S CONSOLIDATED FINANCIAL STATEMENTS. 1 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED PO BOX 11024 WINSTON SALEM NC 27116 560562308 501(C)(3) 2902057 0 FUND AND SUPPORT BENEVOLENT MINISTRY FIRST BAPTIST CHURCH 202 S FOURTH ST SMITHFIELD NC 27577 501(C)(3) 14000 0 ASSIST WITH PURCHASE OF MEDICATIONS FOR LOW INCOME CHURCH MEMBERS. 1 0 PART I, LINE 2: GRANTS ARE MADE SOLELY TO THE PARENT ORGANIZATION. 0 0 0 0 0 0 0 1 0 REED VANDERSLIK ASST SECRETARY 0 360782 0 23433 0 396 0 13200 0 35022 0 432833 0 0 SCOTT FARKAS ASST TREASURER THRU 9/26/23 0 140694 0 12672 0 42 0 6014 0 34913 0 194335 0 0 PART I, LINE 3 ALL OFFICER COMPENSATION IS PAID BY BAPTIST RETIREMENT HOMES OF NORTH CAROLINA (EIN 56-0562308) A RELATED TAX EXEMPT ORGANIZATION. ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA IS REVIEWED BY THE PERSONAL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. PART I, LINE 7 THE ORGANIZATION MAINTAINS A BOARD-APPROVED, WRITTEN POLICY FOR DETERMINING BONUSES FOR THE EXECUTIVE LEADERSHIP TEAM. BONUSES ARE DETERMINED BY WHETHER CERTAIN ORGANIZATIONAL GOALS HAVE BEEN MET DURING THE PRIOR YEAR. THEN BASED ON THE NUMBER OF GOALS MET AND THE DEGREE GOALS MAY HAVE BEEN EXCEEDED, A BONUS RECOMMENTATION IS BROUGHT BY THE PERSONNEL COMMITTEE OF THE THRIVEMORE BOARD OF DIRECTORS TO THE FULL THRIVEMORE BOARD. DURING THE FISCAL YEAR, BONUSES WERE PAID TO JESSICA MCCOLLUM, REED VANDERSLIK, AND JENNIFER BARTSCHT. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS PRIOR TO APPROVAL. 990S ARE POSTED ON THE BOARD WEBSITE FOR BOARD REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND SENIOR LEADERS ARE COVERED BY THE CONFLICTS OF INTEREST POLICY. THE PRESIDENT REVIEWS FOR CONFLICTS AND MONITORS WITH DOCUMENTATION ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES IS REVIEWED BY THE PERSONNEL COMMITTEE OF A RELATED TAX EXEMPT ORGANIZATION, WITH THE BOARD OF THAT ORGANIZATION REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND IN ACCORDANCE WITH REGULATORY REQUIREMENTS. THEY CAN ALSO BE FOUND ON THE NC DEPARTMENT OF INSURANCE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 108,207. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 36,753. CHANGE IN UNREALIZED LOSSES ON INVESTMENTS 1,603,267. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS PROCESS FOR SELECTING OR FOR OVERSEEING ITS INDEPENDENT AUDITOR FROM THE PRIOR YEAR. BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED 1912 BETHABARA ROAD WINSTON SALEM NC 27106 560562308 PROVIDE HEALTH CARE LIVING OPTIONS FOR OLDER ADULTS NC 501(C)(3) LINE 10 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0