2026-08-14T15:06:23-05:00 2025-09-30 410746749 CLIFTONLARSONALLEN LLP 14815 BALLANTYNE VILLAGE WAY SUITE 300 CHARLOTTE NC 28277 990 2024-10-01 201055492 PENICK VILLAGE FOUNDATION INC PENI 9106920300 500 EAST RHODE ISLAND AVENUE SOUTHERN PINES NC 28387 ALVA S CROMARTIE III CEO 9106920300 2026-08-13 1 1 KATHRINE A WARLICK P02065266 7049985200 2026-08-13 2024 2025-03-06 01:10:19Z ALVA S CROMARTIE III 500 EAST RHODE ISLAND AVENUE SOUTHERN PINES NC 28387 968329 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 324795 595020 0 0 85622 179424 -1306 0 409111 774444 763695 788903 0 0 0 152874 0 0 0 145921 51936 909616 993713 -500505 -219269 3193712 2897094 357179 240896 2836533 2656198 PENICK VILLAGE FOUNDATION CONTINUES ITS MISSION TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC. 0 0 788903 788903 0 RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE CHARITY WORK, MISSION AND VISION OF PENICK VILLAGE, INC. 788903 1 1 0 0 0 0 0 0 0 1 0 0 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 14 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X MELISSA S SMITH 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 HUGH BINGHAM TREASURER 1.00 0.00 X X 0 0 0 DR NANCY ELLIS SECRETARY 1.00 0.00 X X 0 0 0 CHAULT BROUGHTON TRUSTEE 1.00 0.00 X 0 0 0 KELLY CHANDLEY TRUSTEE 1.00 0.00 X 0 0 0 BOB DARST TRUSTEE 1.00 0.00 X 0 0 0 JOANNE DAVIS TRUSTEE 1.00 0.00 X 0 0 0 ANNE HOCUTT TRUSTEE 1.00 0.00 X 0 0 0 KARYN KLINE TRUSTEE 1.00 0.00 X 0 0 0 JIM LEWIS 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 JOANNE VALDES TRUSTEE 1.00 0.00 X 0 0 0 ALVA CROMARTIE CEO 1.00 39.00 X 0 298773 50124 CHRISTOPHER MOONEY CFO 1.00 39.00 X 0 253389 13026 0 552162 63150 0 0 1 0 0 595020 595020 77258 77258 296051 193885 102166 102166 102166 774444 0 0 179424 788903 788903 138498 138498 3700 3700 10676 10676 3893 3893 3941 3941 12550 12550 8679 8679 19630 19630 2150 2150 1093 1093 993713 788903 204810 0 60610 37256 39745 165155 40000 40000 2177 3047503 2646368 5854 6138 3193712 2897094 357179 240896 357179 240896 X 2321266 2013591 515267 642607 2836533 2656198 3193712 2897094 -219269 38934 0 X 0 1 X 1 0 X 433109 686471 1511604 324795 595020 3550999 433109 686471 1511604 324795 595020 3550999 535339 3015660 42469 97632 73042 67303 77258 357704 3908703 0.77150 X PART I, LINE 7 ON JUNE 18, 2026, THE ORGANIZATION WAS RECLASSIFED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV). PRIOR TO THIS DATE, THE ORGANIZATION WAS CLASSIFED AS A PUBLIC CHARITY DESCRIBED IN IRC SECTION 509(A)(3), TYPE I. THE ORGANIZATION HAS COMPLETED SCHEDULE A PART II AS A RESULT OF THIS RECLASSIFICATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329407 329407 329407 329407 329407 329407 329407 329407 329407 329407 0.00000 1.00000 0.00000 0 0 0 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS EXIST TO PROVIDE CHARITABLE CARE TO RESIDENTS. 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, 2025 AND 2024. 1 PENICK VILLAGE INC 500 EAST RHODE ISLAND AVE SOUTHERN PINES NC 28387 560729010 501(C)(3) 788903 0 GENERAL SUPPORT 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 263960 0 34813 0 0 0 6269 0 43855 0 348897 0 0 CHRISTOPHER MOONEY CFO 0 226417 0 26972 0 0 0 3031 0 9995 0 266415 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 AND THEN PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE RELATED ORGANIZATION SERVES AS THE COMPENSATION COMMITTEE AND ANNUALLY REVIEWS AND DETERMINES THE CEO'S COMPENSATION. IN MAKING ITS DETERMINATION, THE EXECUTIVE COMMITTEE CONSIDERS RELEVANT COMPENSATION SURVEYS AND MARKET DATA FROM COMPARABLE ORGANIZATIONS. THE EXECUTIVE COMMITTEE'S REVIEW AND COMPENSATION DETERMINATION ARE DOCUMENTED AND MAINTAINED IN THE CEO'S PERSONNEL FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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 0