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Nonprofiteer
← BISHOP GADSDEN EPISCOPAL COMMUNITIES

Form 990 for tax year 2024

Filed by BISHOP GADSDEN EPISCOPAL COMMUNITIES.

Totals

Total revenue
$6,000
Total expenses
$448,815
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,089,363
Total liabilities, end of year
$1,692,178
Net assets or fund balances, end of year
$1,397,185
Program services expenses (Part IX)
$0
Management and general expenses
$448,815
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $6,000 · related or exempt $6,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $19,955 · management and general $19,955

  • 11b · Fees: legal

    total $104,919 · management and general $104,919

  • 11g · Fees: other

    total $316,884 · management and general $316,884

  • 13 · Office expenses

    total $334 · management and general $334

  • 20 · Interest

    total $6,723 · management and general $6,723

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $83,363

  • 13 · Investments: program-related

    end of year $3,000,000

  • 15 · Other assets

    beginning of year $0 · end of year $6,000

  • 17 · Accounts payable and accrued expenses

    end of year $6,723

  • 24 · Unsecured notes and loans payable

    end of year $1,660,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,455

  • 27 · Net assets without donor restrictions

    end of year $1,397,185

Mission and programs · 2024

Mission

BISHOP GADSDEN EPISCOPAL COMMUNITIES WILL PROVIDE SUPPORT AND MANAGEMENT SERVICES TO ITS SUBSIDIARY(S) INCLUDING ADMINISTRATIVE, ACCOUNTING, HUMAN RESOURCES, INFORMATION TECHNOLOGY AND MARKETING SERVICES THROUGH A SHARED SERVICES AGREEMENT. THESE FUNCTIONS WILL BE PROVIDED BY BISHOP GADSDEN EPISCOPAL COMMUNITIES TO ITS SUPPORTED ORGANIZATION(S) IN LIEU OF THE SUPPORTED ORGANIZATION(S) PERFORMING THESE FUNCTIONS ON THEIR OWN.

Activities or mission (Part I)

PROVIDE SUPPORT AND MANAGEMENT SERVICES TO ITS SUBSIDIARIES IN FULFILLING THEIR MISSION.

  • BISHOP GADSDEN EPISCOPAL COMMUNITIES WAS FORMED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BISHOP GADSDEN RETIREMENT COMMUNITY AND KIAWAH LIFE PLAN VILLAGE THAT PROVIDES HOUSING AND HEALTH CARE SERVICES TO SENIOR CITIZENS. THE ORGANIZATION, LIKE ITS SUPPORTED ORGANIZATION BISHOP GADSDEN RETIREMENT COMMUNITY (EIN 57-0337132), WILL DEDICATE ITSELF TO THE WELL-BEING OF THOSE PERSONS WHO, BECAUSE OF AGE, HEALTH AND/OR EXPRESS DESIRE, CHOOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN RETIREMENT COMMUNITY IS AN IRS SECTION 501(C)(3) ORGANIZATION WHICH OPERATES A CONTINUING CARE FACILITY AND REPORTS ITS PUBLIC CHARITY SUPPORT UNDER IRC SECTION 509(A)(2). THE ORGANIZATION IS DRIVEN BY ITS MISSION, TO EMBRACE GOD'S CALL TO MINISTRY. WE AFFIRM POSITIVE LIVING FOR ALL WHO LIVE AND WORK AT OUR COMMUNITIES. WE SERVICE WITH INTEGRITY. WE EXERCISE WISE STEWARDSHIP. WE REACH OUT WITH A GENEROUS SPIRIT.

    Revenue $6,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melinda Lucka Kelley Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • Brian Hussain

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 1.5 related
  • Dr Patrick J Kelly

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 1.5 related
  • David Adams MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Robert Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Heyward Carter Jr Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Joanne M Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 1.5 related
  • Katherine Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Rev Gregory Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Greg Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Rt Rev Ruth Woodliff-Stanley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5
  • Sarah Eh Tipton

    CEO/PRESIDENT

    Total calculated
    $495,471
    From this org
    $0
    From related orgs
    $418,070
    Other
    $77,401
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,070 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $46,901 related
    Filer's total
    $0 + $495,471 related
  • Lynne L Kerrison

    EVP/CFO

    Total calculated
    $437,440
    From this org
    $0
    From related orgs
    $383,641
    Other
    $53,799
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,141 related
    Bonus
    $0 + $38,500 related
    Other
    $0
    Deferred
    $0 + $23,344 related
    Nontaxable benefits
    $0 + $30,455 related
    Filer's total
    $0 + $437,440 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
TO ENSURE COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE SENIOR LIVING INDUSTRY, THE BOARD OF TRUSTEES REVIEWS 990 DATA AND ASSOCIATION PUBLICATIONS. THE BOARD ALSO QUESTIONS LEADING CONSULTANTS IN OUR INDUSTRY AND PERFORMS SALARY REVIEWS. A FORMAL COMPENSATION STUDY WAS PERFORMED FOR TOP EXECUTIVES IN 2022, WITH BOARD APPROVAL FOR COMPENSATION THAT WENT INTO EFFECT ON JANUARY 1, 2023. ALL DISCUSSIONS REGARDING COMPENSATION ARE DOCUMENTED IN BOARD MINUTES. SARAH E.H. TIPTON IS THE CHIEF EXECUTIVE OFFICER/PRESIDENT OF BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY ("BGERC") AND IS COMPENSATED BY BGERC WHICH IS A RELATED ENTITY OF BISHOP GADSDEN EPISCOPAL COMMUNITIES. LYNNE L. KERRISON IS THE CHIEF FINANCIAL OFFICER/EVP OF BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY ("BGERC") AND IS COMPENSATED BY BGERC WHICH IS A RELATED ENTITY OF BISHOP GADSDEN EPISCOPAL COMMUNITIES. BGERC FILES ALL REQUIRED EMPLOYMENT TAX RETURNS UNDER ITS EIN 57-0337132.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202542889349302579

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