2026-08-17T12:36:05-05:00 2025-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-10-01 562205837 BAPTIST RETIREMENT HOMES FOUNDATION BAPT 3367250202 PO BOX 11024 WINSTON SALEM NC 27116 MICHAEL J BRADY CHIEF FINANCIAL OFFICER 3367250202 2026-08-13 1 1 KATHERINE A WARLICK P02065266 7049985200 2026-08-13 2024 2025-03-06 01:10:19Z REED A VANDERSLIK PO BOX 11024 WINSTON SALEM NC 27116 5286195 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 7 0 0 1847920 3266321 0 0 1995505 1897443 0 0 3843425 5163764 2916057 1663128 0 0 184145 274070 0 0 307929 747944 887198 3848146 2824396 -4721 2339368 45176642 50826269 12454 13880 45164188 50812389 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 1663128 1663128 0 BAPTIST RETIREMENT HOMES FOUNDATION'S MISSION IS TO PRIMARILY SUPPORT THE BENEVOLENT MINISTRY OF THE BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INCORPORATED DBA THRIVEMORE 1663128 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 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 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 470 W HANES MILL RD STE 102 WINSTON SALEM NC 27105 MARY MORGAN CHAIR (THRU 12/24) 1.00 0.00 X X 0 0 0 CLARENCE LAMBE CHAIR (AS OF 12/24) 1.00 0.00 X X 0 0 0 BETH JONES DIRECTOR (AS OF 1/25) 1.00 0.00 X 0 0 0 CHARLOTTE COOK-SMITH DIRECTOR 1.00 0.00 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 406216 50893 MICHAEL BRADY ASST TREASURER 4.00 36.00 X 0 206627 29364 KEVIN COOK DIRECTOR OF DEVELOPMENT 36.00 4.00 X 0 38040 7798 0 650883 88055 0 0 1 0 0 3266321 3266321 949380 949380 966111 104383 0 122431 966111 -18048 948063 948063 5163764 0 0 1897443 1600012 1600012 63116 63116 209610 209610 49982 49982 14478 14478 1050 1050 70992 70992 84000 84000 9429 9429 7567 7567 12437 12437 11233 11233 2298 2298 7306 7306 HOME OFFICE ALLOCATION 637702 637702 OTHER EXPENSES 43184 9325 33859 2824396 1663128 853339 307929 157500 708128 992937 24749 1097926 968188 36583180 39503709 7033431 7517375 5376 5000 299229 2123869 45176642 50826269 12454 13880 12454 13880 X 30981521 35770737 14182667 15041652 45164188 50812389 45176642 50826269 X 2339368 3214455 94378 X X 0 1 X 1 0 X X 1 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED 560562308 10 1 1579012 0 1 1579012 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 9426546 1076998 291781 10211763 7996410 1721917 291781 9426546 7501840 985916 491346 7996410 7882390 1505143 -1885693 7501840 6839731 1139430 96771 7882390 0.34454 0.65546 0.00000 1 0 955357 955357 37580 24749 12831 968188 CHARITABLE REMAINDER TRUSTS 69671 F BENEFICIAL INTEREST IN PERPETUAL TRUST 2261213 F MISCELLANEOUS INVESTMENTS 5186491 F 7517375 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) 1579012 0 N/A N/A FUND AND SUPPORT BENEVOLENT MINISTRY FIRST BAPTIST CHURCH 202 S 4TH ST SMITHFIELD NC 27577 501(C)(3) 14000 0 N/A N/A PROVIDE MEDICAL SUPPLES FIRST BAPTIST CHURCH 311 NASH ST W WILSON NC 27893 501(C)(3) 7000 0 N/A N/A PROVIDE MEDICAL SUPPLIES 3 0 EMPLOYEE BENEVOLENCE 11 21246 EMPLOYEE HURRICANE RELIEF 88 41870 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 378659 0 27557 0 0 0 10674 0 40219 0 457109 0 0 MICHAEL BRADY ASST TREASURER 0 206627 0 0 0 0 0 0 0 29364 0 235991 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 PERSONNEL 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, A BONUS WAS PAID TO REED VANDERSLIK,. 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 2025. 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 94,378. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED 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