2026-07-07T14:29:52-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2025-01-01 742195249 BETH ISRAEL FOUNDATION FOR THE AGED BETH 3036805000 14800 EAST BELLEVIEW DRIVE AURORA CO 80015 MARC PENNER PRESIDENT/CEO 3036805000 2026-07-07 1 SARAH HINTZ P00492291 7196350330 2026-07-06 2025 2025-03-06 01:10:19Z MARC PENNER 14800 EAST BELLEVIEW DRIVE AURORA CO 80015 3034119 0 X N/A X 1981 CO TO SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK. 8 7 0 7 0 0 1965172 1390957 229651 218327 517612 705182 1115 2 2713550 2314468 45590 144542 0 0 475876 451321 0 0 410104 697064 707823 1218530 1303686 1495020 1010782 17801307 19863944 195399 228418 17605908 19635526 THE MISSION OF BETH ISRAEL FOUNDATION IS TO ACCEPT CONTRIBUTIONS AND INVEST FUNDS, AND TO USE THE RELATED EARNINGS TO SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK. 0 0 459949 144542 218327 FUNDS WERE USED TO HELP SUBSIDIZE THE CARE OF THE ELDERS AT SHALOM PARK AND OPERATION OF SHALOM CARES WELLNESS CENTER. 459949 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 1 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X MARC PENNER 3036805000 14800 E BELLEVIEW DR AURORA CO 80015 MARC PENNER PRESIDENT/CEO 14.00 26.00 X X 0 380308 40129 PREETY SHRESTHA CFO 4.00 36.00 X 0 166994 23124 LYNN GELLER VICE PRESIDENT 1.00 2.00 X X 0 0 0 JASON ALDERSON TREASURER 1.00 2.00 X X 0 0 0 ELISA ROBYN SECRETARY 1.00 1.00 X X 0 0 0 DREW DEMERS DIRECTOR 1.00 2.00 X 0 0 0 ANDY HEINS DIRECTOR 1.00 1.00 X 0 0 0 NEIL OBERFELD DIRECTOR 1.00 1.00 X 0 0 0 FRAN SIMON DIRECTOR 1.00 2.00 X 0 0 0 0 547302 63253 0 0 1 0 0 1119947 271010 1390957 MEMBERSHIP INCOME 623000 152818 152818 BISTRO & GIFT SHOP 459420 35900 35900 OUTPATIENT THERAPY 623000 29264 29264 BEAUTY & BARBER 456199 345 345 218327 629110 629110 2 0 2 2 2 795723 719651 76072 76072 76072 2314468 218327 0 705184 X 144542 144542 353364 106009 109543 137812 17663 5299 5476 6888 55935 16781 17340 21814 24359 7308 7551 9500 5350 5350 18228 18228 84137 84137 147672 44302 45778 57592 540 162 167 211 37835 11351 11729 14755 6564 1969 2035 2560 117627 35288 36464 45875 219 66 68 85 96 29 30 37 252242 75673 78195 98374 REPAIRS AND MAINTENANCE 32628 9788 10115 12725 SALES & USE TAXES 3143 943 974 1226 OTHER FEES 1044 290 299 455 EDUCATION 498 149 154 195 1303686 459949 433633 410104 16660 18054 41222 1336996 775330 493238 20572 19375 34 7865792 3585783 4552465 4280009 10585971 12080736 1809087 1635502 17801307 19863944 75919 115017 1628 117852 113401 195399 228418 X 11400177 12814070 6205731 6821456 17605908 19635526 17801307 19863944 1010782 1018836 0 X X 0 1 X 1 0 X 653955 716505 1256325 1965172 1390957 5982914 653955 716505 1256325 1965172 1390957 5982914 965854 5017060 375888 168248 404199 508598 629112 2086045 106 35 141 8069100 968064 0.62180 0.56290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 106. 2022 AMOUNT: $ 35. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5126157 8153 562177 5696487 4675048 18853 432256 5126157 4199961 17658 457429 4675048 4676369 102391 -578799 4199961 3699521 548649 428199 4676369 0.00000 0.58980 0.41020 1 0 258682 258682 7349735 3344338 4005397 9885 9885 0 247490 231560 15930 4280009 ASSETS HELD AT ROSE COMMUNITY FOUNDATION 1026558 F REAL ESTATE FUND 608944 F 1635502 DEFERRED COMPENSATION PLAN 113401 113401 23906269 1018836 21777049 22795885 1110384 84137 1119947 1204084 2314468 22007343 20787794 20787794 1219549 84137 84137 1303686 PART V, LINE 4: THE BETH ISRAEL FOUNDATION HOLDS ASSETS IN ENDOWMENT FUNDS. THE ENDOWMENTS CONSIST OF VARIOUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ORGANIZATION TRANSFERRED CERTAIN ENDOWMENT CONTRIBUTIONS TO THE ROSE COMMUNITY FOUNDATION (RCF) AS PART OF ITS ENDOWMENT CHALLENGE, WHICH WAS COMPLETED IN 2002. RCF AMENDED ITS AGREEMENT WITH THE ORGANIZATION DURING THE YEAR ENDED DECEMBER 31, 2008. PRIOR TO THE AMENDMENT, DISTRIBUTIONS TO THE ORGANIZATION WERE THE LESSER OF (I) 5% OF THE MONTHLY AVERAGE BALANCE IN THE FUND DURING THE PRECEDING YEAR OR (II) NET INVESTMENT INCOME ACCRUING TO THE FUND DURING THE PRECEDING YEAR REDUCED BY ANY FEES AND EXPENSES. PURSUANT TO THE AMENDMENT, DISTRIBUTIONS WILL NOT BE LIMITED BY NET INVESTMENT INCOME. DISTRIBUTIONS WILL BE EQUAL TO 5% OF THE MONTHLY AVERAGE BALANCE IN THE FUND DURING THE PRECEDING YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SHALOM PARK REVENUES 21,777,049. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFERS 1,119,947. PART XII, LINE 2D - OTHER ADJUSTMENTS: SHALOM PARK EXPENSES 20,787,794. 1 SHALOM PARK 14800 EAST BELLEVIEW DRIVE AURORA CO 80015 742376546 501(C)(3) 142467 0 N/A N/A EMPLOYEE BENEFITS, TECHNOLOGY SUPPORT AND OTHER OPERATING SUPPORT 1 0 PART I, LINE 2: GRANTS MADE ARE EITHER TRANSFERS TO A RELATED ORGANIZATION OR ENDOWMENT DISTRIBUTIONS WHICH IS HELD BY ROSE COMMUNITY FOUNDATION. PROPER USE OF THE FUNDS WAS ENSURED THROUGH COMMON BOARD AND MANAGEMENT OVERSIGHT BETWEEN THE TWO ORGANIZATIONS AND ROSE COMMUNITY FOUNDATION. 0 0 0 0 0 0 0 1 0 MARC PENNER PRESIDENT/CEO 0 362208 0 18000 0 100 0 10500 0 29629 0 420437 0 0 PREETY SHRESTHA CFO 0 156243 0 10651 0 100 0 5259 0 17865 0 190118 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF SHALOM PARK ACTS AS THE COMPENSATION COMMITTEE AND ANY COMPENSATION CHANGES ARE APPROVED BY BETH ISRAEL FOUNDATION FOR THE AGED BOARD DURING BUDGET APPROVAL PROCESS. PART I, LINE 7 BONUSES FOR MANAGEMENT TEAM ARE RECOMMENDED BY THE CEO (2025 WAS BASED ON PERCENTAGE OF THE BASE SALARY AT DIFFERENT TIERS) TO THE BOARD CHAIR. THE BOARD CHAIR, IN CONSULTATION WITH OFFICERS, EITHER RECOMMENDS REVISION OR APPROVES THEM AND THEN THE BONUSES ARE PROCESSED THROUGH PAYROLL. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR BYLAWS TO INCLUDE TWO NEW SECTIONS: SECTION 3. FINANCIAL AUTHORITY. ALL CHECKS AND DRAFTS WRITTEN ON BEHALF OF THE CORPORATION SHALL REQUIRE TWO SIGNATURES. IN ADDITION TO EMPLOYEES OF THE CORPORATION WHO ARE AUTHORIZED BY THE PRESIDENT/CEO TO BE SIGNATORIES, THE CHAIR AND THE TREASURER SHALL BE AUTHORIZED SIGNATORIES ON ALL OF THE CORPORATION'S BANK ACCOUNTS AND OTHER ACCOUNTS ON WHICH CHECKS OR DRAFTS MAY BE DRAWN. THE PAYEE ON A CHECK OR DRAFT MAY NOT BE A SIGNATORY ON SUCH CHECK OR DRAFT. THE RECIPIENT OF ANY FUNDS FROM THE CORPORATION OR A PERSON EMPLOYED BY OR UNDER CONTRACT WITH SUCH RECIPIENT OF FUNDS MAY NOT AUTHORIZE ANY TRANSFER OF FUNDS TO SUCH RECIPIENT. THE CHAIR AND TREASURER SHALL BE AMONGST THE PERSONS WHO ARE AUTHORIZED TO VIEW ALL INVESTMENTS OF THE CORPORATION. SECTION 11. OFFICERS AND EXECUTIVE COMMITTEE MEMBERS WITH CONFLICTS OF INTEREST. OFFICERS OF THE CORPORATION, OTHER THAN THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF SHALOM PARK, AND ANY OTHER MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION MAY NOT RECEIVE, DIRECTLY OR INDIRECTLY, ANY SALARY, COMPENSATION OR EMOLUMENT FROM SHALOM PARK OR THE CORPORATION, AND NO OFFICERS OF THE CORPORATION OR OTHER MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION MAY BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT RELATING TO THE OPERATIONS CONDUCTED BY THE CORPORATION OR IN ANY CONTRACT FOR FURNISHING SUPPLIES OR SERVICES TO THE CORPORATION (EACH A "CONFLICT OF INTEREST"). IF A CONFLICT OF INTEREST ARISES AFTER A DIRECTOR HAS BEEN ELECTED TO BE AN OFFICER OF THE CORPORATION OR HAS BEEN APPOINTED TO THE BOARD OF DIRECTORS, SUCH TRUSTEE SHALL RESIGN FROM THE BOARD OF DIRECTORS OR FROM THE OFFICE THEN HELD BY SUCH TRUSTEE AND SUCH TRUSTEE'S REPLACEMENT TO THE VACATED OFFICE SHALL THEREAFTER BE ELECTED BY THE BOARD OF TRUSTEES OF SHALOM PARK. FORM 990, PART VI, SECTION A, LINE 6 SHALOM PARK IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY THE MAJORITY VOTE OF THE TRUSTEES OF SHALOM PARK, THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT CPA FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. WHEN PREPARATION IS COMPLETED AND A DRAFT IS AVAILABLE, THE CONTROLLER AND CEO REVIEW THE FORM 990. AFTER WHICH, SHALOM PARK'S FINANCE COMMITTEE REVIEW AND APPROVE THE FORM 990. THE RETURN IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL AFFIRMATION SIGNED BY EACH TRUSTEE. THE ORGANIZATION MONITORS COMPLIANCE WITH THE POLICY DURING THE YEAR BY INQUIRING AT ITS BOARD MEETINGS WHETHER ANY CONFLICTS OF INTEREST HAVE ARISEN SINCE THE ANNUAL AFFIRMATION WAS SIGNED. AN INDIVIDUAL WITH A CONFLICT MAY NOT VOTE ON ANY MATTER THAT MAY INVOLVE THE CONFLICT OF INTEREST. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 44,302. MANAGEMENT AND GENERAL EXPENSES 45,778. FUNDRAISING EXPENSES 57,592. TOTAL EXPENSES 147,672. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. SHALOM CARES WELLNESS CENTER LLC 14800 E BELLEVIEW DRIVE AURORA CO 80015 452808418 FITNESS AND THERAPY CO 218327 4049364 BETH ISRAEL FOUNDATION FOR THE AGED SHALOM PARK 14800 E BELLEVIEW DRIVE AURORA CO 80015 742376546 SENIOR CARE SERVICES CO 501(C)(3) LINE 10 N/A 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0