2025-08-08T14:52:25-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-10-01 201055492 PENICK VILLAGE FOUNDATION INC PENI 9106920300 500 EAST RHODE ISLAND AVENUE SOUTHERN PINES NC 28387 CHRISTOPHER MOONEY CHIEF FINANCIAL OFFICER 9106920300 2025-08-05 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-08-05 2023 2025-03-06 01:10:19Z ALVA S CROMARTIE III 500 EAST RHODE ISLAND AVENUE SOUTHERN PINES NC 28387 410417 0 X WWW.PENICKVILLAGE.ORG/PENICK-VILLAGE-FOUNDATION X 2003 NC THE FOUNDATION'S MISSION IS TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC. 14 14 0 55 0 0 1511604 324795 0 0 318537 85622 -37725 -1306 1792416 409111 424726 763695 0 0 0 0 0 0 0 336708 145921 761434 909616 1030982 -500505 3162560 3193712 308878 357179 2853682 2836533 PENICK VILLAGE FOUNDATION CONTINUES ITS MISSION TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC. 0 0 763695 763695 0 RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE CHARITY WORK, MISSION AND VISION OF PENICK VILLAGE, INC. 763695 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 14 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTOPHER J MOONEY 9106920300 500 E RHODE ISLAND AVE SOUTHERN PINES NC 28387 JIM HEISEY PRESIDENT 1.00 0.00 X X 0 0 0 JIM DAVIS VICE PRESIDENT 1.00 0.00 X X 0 0 0 BOB DARST TREASURER 1.00 0.00 X X 0 0 0 ADAIR WORONOFF SECRETARY 1.00 0.00 X X 0 0 0 HUGH BINGHAM TRUSTEE 1.00 0.00 X 0 0 0 KELLY CHANDLEY TRUSTEE 1.00 0.00 X 0 0 0 JANICE DIXON TRUSTEE 1.00 0.00 X 0 0 0 DR NANCY ELLIS TRUSTEE 1.00 0.00 X 0 0 0 KARYN KLINE TRUSTEE 1.00 0.00 X 0 0 0 PATTY POTTLE TRUSTEE 1.00 0.00 X 0 0 0 DR JIM TART TRUSTEE 1.00 0.00 X 0 0 0 LANE WEST TRUSTEE 1.00 0.00 X 0 0 0 MICAH NIEBAUER TRUSTEE 1.00 1.00 X 0 0 0 JOANNE DAVIS TRUSTEE 1.00 0.00 X 0 0 0 ALVA CROMARTIE CEO 1.00 39.00 X 0 282900 37613 TERRY KEES CFO-RETIRED - (2/28/2024) 1.00 39.00 X 0 224853 13995 CHRISTOPHER MOONEY CFO (AS OF 3/1/24) 1.00 39.00 X 0 118614 18885 0 626367 70493 0 0 1 0 0 4866 319929 324795 67303 67303 18319 0 18319 18319 18319 0 4866 1306 -1306 -1306 409111 0 0 84316 757358 757358 6337 6337 124246 124246 13536 13536 GENERAL ADMINISTRATIVE 8139 8139 909616 763695 145921 0 560761 60610 269108 39745 40000 40000 2286836 3047503 5855 5854 3162560 3193712 308878 357179 308878 357179 X 2331729 2321266 521953 515267 2853682 2836533 3162560 3193712 -500505 483356 0 X 0 1 X 1 0 X X 1 PENICK VILLAGE INC 560729010 10 1 757358 0 1 757358 0 0.92850 0.07150 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 0 X PART X, LINE 2: PENICK VILLAGE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC; ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2024 AND 2023. 1 PENICK VILLAGE INC 500 EAST RHODE ISLAND AVE SOUTHERN PINES NC 28387 560729010 501 (C) (3) 757358 0 GENERAL SUPPORT SCHOLARSHIPS 7 6337 PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS AND OTHER ASSISTANCE TO PENICK VILLAGE, INC., ITS RELATED ORGANIZATION. SCHOLARSHIPS ARE AWARED TO PENICK VILLAGE TEAM MEMBERS, THEIR CHILDREN AND GRANDCHILDREN. 0 0 0 0 0 0 0 0 0 ALVA CROMARTIE CEO 0 231466 0 51434 0 0 0 5669 0 31944 0 320513 0 0 TERRY KEES CFO-RETIRED - (2/28/2024) 0 200818 0 24035 0 0 0 0 0 13995 0 238848 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO IS SET BY A PENICK VILLAGE, INC., A RELATED ORGANIZATION. PENICK VILLAGE USES THE FOLLOWING METHODS TO ESTABLISH THE CEO'S COMPENSATION. COMPENSATION COMMITTEE COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF PENICK VILLAGE ELECTS MEMBERS OF THE FOUNDATION'S BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S OFFICERS, THEN SENT TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENTS AND THEN PRESENTED TO THE FULL BOARD OF DIRECTORS. IT WILL BE REVIEWED BY THE OFFICERS AND FINANCE COMMITTEE MEMBERS BEFORE FILING WITH THE IRS AND WITH THE FULL BOARD IF THEY ARE SCHEDULED TO MEET BEFORE THE FILING DEADLINE. IF NOT IT WILL BE SENT TO THEM BEFORE THE FILING DEADLINE AND REVIEWED AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, BOARD MEMBERS AND EX-OFFICIO MEMBERS ARE COVERED AND REQUIRED TO REPORT ANNUALLY ANY CONFLICTS THAT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION APPOINTED AN AD-HOC COMPENSATION REVIEW COMMITTEE TO DETERINE THE COMPENSATION FOR THE CEO OF THE ORGANIZATION. THIS REVIEW IS CONDUCTED ON AN ANNUAL BASIS AND USES DATA FROM OTHER ORGANIZATIONS AS WELL AS WAGE SURVEYS TO DETERMINE THE COMPENSATION. THE RESULTS ARE DOCUMENTED IN THE CEO'S PERSONNEL FILE IN HR. THE CEO CONDUCTS ANNUAL REVIEWS FOR THE CFO AND COO OF THE ORGANIZATION. BASED ON THOSE REVIEWS AND WAGE SURVEYS, THE CEO DETERMINES THE UPCOMING YEAR COMPENSATION FOR THESE KEY EMPLOYEES. THE EVALUATION AND ADVICE OF PAYROLL ARE DOCUMENTED IN THE PERSONNEL FILES IN HR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAIILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATION OFFICES. PENICK VILLAGE INC 500 EAST RHODE ISLAND AVENUE SOUTHERN PINES NC 28387 560729010 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NC 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1