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Nonprofiteer
← BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY

Form 990 for tax year 2022

Filed by BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY.

Totals

Total revenue
$48,387,457
Total expenses
$55,493,685
Contributions and grants received
$3,376,388
Grants paid
$654,437
Program service revenue
$43,315,096
Investment income
$1,491,860
Other revenue
$204,113
Total assets, end of year
$292,676,122
Total liabilities, end of year
$237,362,196
Net assets or fund balances, end of year
$55,313,926
Program services expenses (Part IX)
$44,228,639
Management and general expenses
$11,083,730
Fundraising expenses
$181,316
Program service expenses (Part III)
$44,228,639

Program services were 79.7% 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.

  • 1e · Government grants (contributions)

    $4,000

  • 1f · All other contributions, gifts and grants

    $3,372,388

  • 1g · Noncash contributions included above

    $335,702

  • 2a · Program service revenue: RESIDENT REVENUE

    total $43,315,096 · related or exempt $43,315,096

  • 3 · Investment income

    total $1,493,025 · excluded $1,493,025

  • 6a · Gross rents

    real property $3,912

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,912

  • 6d · Net rental income or loss

    total $3,912 · excluded $3,912

  • 7a · Gross sales of assets other than inventory

    securities $4,477,956

  • 7b · Less cost or other basis and sales expenses

    securities $4,459,182 · other assets $19,939

  • 7c · Gain or loss

    securities $18,774 · other assets -$19,939

  • 7d · Net gain or loss

    total -$1,165 · excluded -$1,165

  • 10a · Gross sales of inventory

    $95,825

  • 10b · Cost of goods sold

    $90,406

  • 10c · Net income from sales of inventory

    total $5,419 · excluded $5,419

  • 11a · Other revenue: RESIDENT BILLINGS/IL CHARGES

    total $85,346 · excluded $85,346

  • 11b · Other revenue: BUILDING SERVICES

    total $47,541 · excluded $47,541

  • 11c · Other revenue: LATE CHARGES

    total $32,270 · excluded $32,270

  • 11d · All other revenue

    total $29,625 · excluded $29,625

  • 11e · Other revenue, total

    $194,782

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $474,515 · program services $474,515

  • 2 · Grants to domestic individuals

    total $179,922 · program services $179,922

  • 5 · Compensation of officers, directors and key employees

    total $1,667,175 · program services $1,456,810 · management and general $199,971 · fundraising $10,394

  • 7 · Other salaries and wages

    total $17,653,310 · program services $15,425,807 · management and general $2,117,448 · fundraising $110,055

  • 8 · Pension plan contributions

    total $461,518 · program services $403,285 · management and general $55,356 · fundraising $2,877

  • 9 · Other employee benefits

    total $2,014,490 · program services $1,760,300 · management and general $241,631 · fundraising $12,559

  • 10 · Payroll taxes

    total $2,121,589 · program services $1,853,885 · management and general $254,477 · fundraising $13,227

  • 11b · Fees: legal

    total $5,512 · management and general $5,512

  • 11c · Fees: accounting

    total $55,500 · management and general $55,500

  • 11d · Fees: lobbying

    total $778 · management and general $778

  • 11f · Fees: investment management

    total $126,895 · management and general $126,895

  • 11g · Fees: other

    total $1,541,013 · program services $1,036,222 · management and general $504,791

  • 12 · Advertising and promotion

    total $280,227 · management and general $280,227

  • 13 · Office expenses

    total $2,485,466 · program services $1,943,387 · management and general $526,633 · fundraising $15,446

  • 14 · Information technology

    total $524,975 · program services $2,718 · management and general $522,081 · fundraising $176

  • 16 · Occupancy

    total $4,305,398 · program services $4,303,673 · management and general $1,725

  • 17 · Travel

    total $137,021 · program services $78,991 · management and general $55,845 · fundraising $2,185

  • 20 · Interest

    total $2,733,764 · program services $2,733,764

  • 22 · Depreciation, depletion and amortization

    total $9,048,260 · program services $8,728,803 · management and general $319,457

  • 23 · Insurance

    total $1,764,318 · management and general $1,764,318

  • 24a · Other expenses: HEALTHCARE CENTER

    total $3,688,330 · program services $222,915 · management and general $3,465,415

  • 24b · Other expenses: FOOD & BEVERAGE

    total $3,030,936 · program services $3,010,407 · management and general $10,339 · fundraising $10,190

  • 24c · Other expenses: EMPLOYEE EXPENSES

    total $316,562 · program services $68,788 · management and general $247,274 · fundraising $500

  • 24d · Other expenses: MEDICAL EXPENSES

    total $242,886 · program services $242,886

  • 24e · All other expenses

    total $633,325 · program services $301,561 · management and general $328,057 · fundraising $3,707

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,612,236 · end of year $11,640,642

  • 2 · Savings and temporary cash investments

    beginning of year $4,803,239 · end of year $357,046

  • 3 · Pledges and grants receivable

    beginning of year $423,756 · end of year $67,760

  • 4 · Accounts receivable

    beginning of year $2,225,675 · end of year $2,129,601

  • 8 · Inventories for sale or use

    beginning of year $180,546 · end of year $288,536

  • 9 · Prepaid expenses and deferred charges

    beginning of year $319,780 · end of year $573,679

  • 10a · Land, buildings and equipment: cost or other basis

    $300,408,797

  • 10b · Land, buildings and equipment: accumulated depreciation

    $88,130,436

  • 10c · Land, buildings and equipment, net

    beginning of year $199,940,385 · end of year $212,278,361

  • 11 · Investments: publicly traded securities

    beginning of year $81,000,792 · end of year $58,625,122

  • 15 · Other assets

    beginning of year $0 · end of year $6,715,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,364,125 · end of year $5,799,555

  • 19 · Deferred revenue

    beginning of year $53,147,856 · end of year $56,389,404

  • 20 · Tax-exempt bond liabilities

    beginning of year $119,680,263 · end of year $132,991,752

  • 25 · Other liabilities

    beginning of year $44,157,919 · end of year $42,181,485

  • 27 · Net assets without donor restrictions

    beginning of year $44,299,343 · end of year $41,670,258

  • 28 · Net assets with donor restrictions

    beginning of year $22,856,903 · end of year $13,643,668

Mission and programs · 2022

Mission

BISHOP GADSDEN, A LIFE CARE RETIREMENT COMMUNITY, EMBRACES GOD'S CALL TO MINISTRY. WE AFFIRM POSITIVE LIVING FOR ALL WHO LIVE AND WORK HERE. WE SERVE WITH INTEGRITY. WE EXERCISE WISE STEWARDSHIP. WE REACH OUT WITH A GENEROUS SPIRIT.

Activities or mission (Part I)

OPERATION OF A FAITH-BASED RETIREMENT FACILITY PROVIDING HOUSING AND HEALTH CARE SERVICES

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $43,574,202 · Revenue $43,315,096

  • CHARITABLE GIVING AND GENEROUS SPIRIT PROGRAMS: THROUGHOUT BISHOP GADSDEN'S HISTORY, A COMMITMENT TO GIVING HAS BEEN ON THE FOREFRONT RESULTING IN OVER $12 MILLION IN CHARITABLE CARE AND GIFTS BEING RAISED FOR CHARITABLE CARE WITHIN THE COMMUNITY AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY.THE CHARITABLE MISSION COMMITTEE'S NONPROFIT SELECTION CHAIR AND FELLOW RESIDENTS SELECT A SMALL GROUP (5 TO 7) OF NONPROFITS FROM A LIST OF 30 TO 40 NONPROFIT GRANT APPLICATIONS TO SUPPORT EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM TEAM MEMBERS OF THE CHARITABLE GIVING OFFICE, THE CHARITABLE MISSION COMMITTEE SETS A FUNDRAISING GOAL. IN 2022, THIS IMPORTANT COMMITTEE DISBURSED $424,000 IN CASH. THESE FUNDS WERE ALLOCATED AS FOLLOWS: $132,100 EACH, TO BARRIER ISLANDS FREE MEDICAL CLINIC AND LOWCOUNTRY FOOD BANK, $80,100 EACH TO JAMES ISLAND OUTREACH, LOW COUNTRY ORPHAN RELIEF, $2,800 METONIA, $2,250 TURN90, $2,600 HALLIE HILL ANIMAL SANCTUARY AND CHARLESTON ANIMAL SOCIETY. ADDITIONALLY, $9,366 IN IN-KIND ITEMS, PLUS 600 TOYS FOR HABITAT FOR HUMANITY AND TOYS FOR TOTS WERE DONATED. IN ADDITION TO CHARITABLE CAUSES THAT SUPPORT OUTSIDE ORGANIZATIONS, RESIDENTS AND STAFF CONTRIBUTE TO THE STRONGHEART EMPLOYEE EDUCATION SCHOLARSHIP, WITH $99,808 BEING DISTRIBUTED TO EMPLOYEES FOR EDUCATION PURPOSES AND EDUCATION DEBT ELIMINATION, AS WELL AS THE EMPLOYEE ASSISTANCE FUND, WHICH GAVE LOANS AND GRANTS IN THE NET AMOUNT OF $28,867. IN ADDITION, THE EMPLOYEE ASSISTANCE FUND PROVIDED $11,400 IN BACK-TO-SCHOOL FUNDS FOR ELIGIBLE EMPLOYEES.RESIDENTS AND STAFF CONTRIBUTE MORE THAN 10,300 VOLUNTEER HOURS TO LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS, AN INVESTMENT OF $308,176. ADDITIONALLY, BISHOP GADSDEN'S CULINARY DEPARTMENT DONATED 19,691 POUNDS OF FOOD, EQUALING A GIFT OF $33,499, AND 29,536 MEALS. EXECUTIVE STAFF ALSO SIT ON COMMUNITY BOARDS SUCH AS ROPER ST. FRANCIS, VANTAGE POINT FOUNDATION, LOWCOUNTRY ASSOCIATION OF FUNDRAISING PROFESSIONALS, SC/NC PLANNED GIVING CONFERENCE, SEA ISLAND HABITAT FOR HUMANITY, LEADINGAGE SC AND WE ARE SHARING HOPE.

    Expenses $614,590 · Grants $614,590

  • RESIDENT ASSISTANCE PROGRAM: BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850 TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION.SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED MORE THAN $5.20 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE A HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS WHO, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE, WHILE ALSO SUPPORTING OUTSIDE CHARITABLE ORGANIZATIONS.ALL RESIDENTS WHO ARE RECEIVING FINANCIAL SUPPORT OR ASSISTANCE ARE BETWEEN THE AGES OF 73-98. THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND CROSS ALL SOCIOECONOMIC LINES. BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION.IN 2022, $39,847 WAS DISTRIBUTED IN CHARITABLE CARE.

    Expenses $39,847 · Grants $39,847

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Robert Vingi

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Hussain

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heyward Carter Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Christie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joanne M Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melinda Lucka Kelley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick J Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nadine Lomax

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katherine Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Gregory Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rt Rev Ruth Woodliff-Stanley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah E H Tipton

    CEO/PRESIDENT

    Total calculated
    $415,107
    From this org
    $354,701
    From related orgs
    $0
    Other
    $60,406
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $283,701
    Bonus
    $61,400
    Other
    $9,600
    Deferred
    $47,500
    Nontaxable benefits
    $12,906
    Filer's total
    $415,107

  • Lynne L Kerrison

    EVP/CFO

    Total calculated
    $398,134
    From this org
    $344,888
    From related orgs
    $0
    Other
    $53,246
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $274,888
    Bonus
    $70,000
    Other
    $0
    Deferred
    $38,778
    Nontaxable benefits
    $14,468
    Filer's total
    $398,134

  • Aaron D Roop

    SR. VP

    Total calculated
    $274,811
    From this org
    $233,898
    From related orgs
    $0
    Other
    $40,913
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,898
    Bonus
    $40,000
    Other
    $0
    Deferred
    $16,745
    Nontaxable benefits
    $24,168
    Filer's total
    $274,811

  • Jonna Cook

    VP OF HEALTH SERVICES

    Total calculated
    $198,139
    From this org
    $174,826
    From related orgs
    $0
    Other
    $23,313
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,826
    Bonus
    $25,000
    Other
    $0
    Deferred
    $10,365
    Nontaxable benefits
    $12,948
    Filer's total
    $198,139

  • James A Epper

    VP OF CULINARY SERVICES

    Total calculated
    $178,194
    From this org
    $151,229
    From related orgs
    $0
    Other
    $26,965
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,229
    Bonus
    $15,000
    Other
    $0
    Deferred
    $13,940
    Nontaxable benefits
    $13,025
    Filer's total
    $178,194

  • Daniel F Larrabee

    VP OF ENVIRONMENTAL SERVICES

    Total calculated
    $202,790
    From this org
    $196,058
    From related orgs
    $0
    Other
    $6,732
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,058
    Bonus
    $65,000
    Other
    $0
    Deferred
    $5,995
    Nontaxable benefits
    $737
    Filer's total
    $202,790

  • Kimberly Borts

    VP OF MISSION AND COMMUNICATIONS

    Total calculated
    $189,554
    From this org
    $171,663
    From related orgs
    $0
    Other
    $17,891
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,663
    Bonus
    $45,000
    Other
    $0
    Deferred
    $10,517
    Nontaxable benefits
    $7,374
    Filer's total
    $189,554

  • Laura Wilson

    VP OF MARKETING

    Total calculated
    $171,847
    From this org
    $144,514
    From related orgs
    $0
    Other
    $27,333
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,514
    Bonus
    $20,000
    Other
    $0
    Deferred
    $19,976
    Nontaxable benefits
    $7,357
    Filer's total
    $171,847

  • Katherine Jayne

    VP OF COMMUNITY LIFE SERVICES

    Total calculated
    $164,850
    From this org
    $134,828
    From related orgs
    $0
    Other
    $30,022
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,828
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,930
    Nontaxable benefits
    $24,092
    Filer's total
    $164,850

  • S Lewis Rice-Boyd

    DIRECTOR OF NURSING

    Total calculated
    $149,349
    From this org
    $133,385
    From related orgs
    $0
    Other
    $15,964
    Hours/week
    50

  • Ryan Bentley

    AD OF CULINARY SERVICES

    Total calculated
    $139,591
    From this org
    $115,364
    From related orgs
    $0
    Other
    $24,227
    Hours/week
    50

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SARAH E. H. TIPTON (CEO/PRESIDENT) AND LYNNE KERRISON (CFO) PARTICIPATE IN A 457(B) DEFERRED COMPENSATION PLAN. AT THE END OF THE YEAR, THE TOTAL AMOUNT OF EMPLOYER CONTRIBUTIONS TO THE 457(B) PLANS WERE $20,500 AND $20,500, RESPECTIVELY. THIS COMPENSATION IS REFLECTED AS PART OF THE DEFERRED COMPENSATION REPORTED ON FORM 990, PART VII AND IN SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7
THE RESIDENTS CONTRIBUTE MONEY TO THE ANNUAL APPRECIATION FUND. BASED ON THE AMOUNT RAISED A DOLLAR VALUE IS GIVEN TO EACH FULL TIME HOURLY EMPLOYEE - A PRO-RATED AMOUNT IS GIVEN TO EMPLOYEES NOT FULL TIME. THE BOARD OF TRUSTEES APPROVES A DOLLAR AMOUNT OF BONUS (TOTAL BONUS POOL) TO SALARIED STAFF AND SOME HOURLY STAFF (OVER AND ABOVE THE EMPLOYEE APPRECIATION AMOUNT) - THE BONUS TO THE CEO IS RECOMMENDED BY THE BOARD. THE OPERATIONAL RESULTS OF BISHOP GADSDEN IS A PRIMARY DRIVER OF THE BONUS POOL, ALONG WITH OPERATIONAL DIFFICULTIES, BUDGET BENCHMARKS, FEEDBACK FROM RESIDENTS, ETC. THE CEO, ALONG WITH INPUT FROM MANAGEMENT STAFF AND HR DETERMINES THE AMOUNT OF BONUS TO SALARIED STAFF. THIS IS BASED UPON NON-FINANCIAL METRICS AND THE RESULTS OF OPERATIONS. THE DISCUSSION IS DOCUMENTED IN THE BOARD MINUTES.

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

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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202303069349300530

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