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Nonprofiteer
← SANTAFE SENIOR LIVING FOUNDATION INC

Form 990 for tax year 2023

Filed by SANTAFE SENIOR LIVING FOUNDATION INC.

Totals

Total revenue
$681,058
Total expenses
$2,951,848
Contributions and grants received
$451,100
Grants paid
$2,951,848
Program service revenue
$0
Investment income
$229,958
Other revenue
$0
Total assets, end of year
$3,411,516
Total liabilities, end of year
$500,871
Net assets or fund balances, end of year
$2,910,645
Program services expenses (Part IX)
$2,951,848
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,951,848

Program services were 100.0% 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.

  • 1d · Related organizations

    $451,100

  • 1g · Noncash contributions included above

    $840

  • 3 · Investment income

    total $229,958 · excluded $229,958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,951,848 · program services $2,951,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,918 · end of year $19,754

  • 2 · Savings and temporary cash investments

    beginning of year $468,936 · end of year $185,401

  • 4 · Accounts receivable

    beginning of year $7,147 · end of year $3,840

  • 11 · Investments: publicly traded securities

    beginning of year $2,896,476 · end of year $587,761

  • 15 · Other assets

    beginning of year $2,429,382 · end of year $2,614,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,037 · end of year $54,480

  • 25 · Other liabilities

    beginning of year $488,858 · end of year $446,391

  • 28 · Net assets with donor restrictions

    beginning of year $5,276,964 · end of year $2,910,645

Mission and programs · 2023

Mission

TO ENRICH THE LIFE OF EACH SENIOR WE SERVE.

Activities or mission (Part I)

TO SOLICIT, RECEIVE & DISBURSE CHARITABLE GIFTS TO NOT-FOR-PROFIT SENIOR LIVING FACILITIES.

  • IN 2023, SANTAFE SENIOR LIVING FOUNDATION SOLICITED AND RECEIVED CHARITABLE CONTRIBUTIONS THAT WILL BE USED TO SUPPORT AND BENEFIT THE VARIOUS NOT-FOR-PROFIT SENIOR LIVING FACILITIES OPERATED BY SANTAFE SENIOR LIVING, INC.

    Expenses $2,951,848 · Grants $2,951,848

As filed on the 2023 return.

Listed in Part VII

  • LAWRENCE G SCHREIBER

    PRESIDENT & CEO

    Total calculated
    $6,103,583
    From this org
    $0
    From related orgs
    $6,073,583
    Other
    $30,000
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,045,673 related
    Bonus
    $0
    Other
    $0 + $5,027,910 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $6,103,583 related

  • STEVEN ZIEGLER

    PRESIDENT AND CLO

    Total calculated
    $1,343,162
    From this org
    $0
    From related orgs
    $1,314,158
    Other
    $29,004
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $472,501 related
    Bonus
    $0
    Other
    $0 + $841,657 related
    Deferred
    $0 + $29,004 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,343,162 related

  • GLENDA EVANS HOOD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • JACKSON NORMAN SASSER PHD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • BENJAMIN IRVING DOERR JR

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • KEVIN R MADDRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
LAWRENCE G SCHREIBER IS THE CHIEF EXECUTIVE OFFICER (CEO) OF SANTAFE SENIOR LIVING FOUNDATION, INC. MR. SCHREIBER IS COMPENSATED BY SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. SANTAFE HEALTHCARE, INC. UTILIZES THE FOLLOWING PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND BENEFITS: THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS ANNUALLY RETAINS AN INDEPENDENT THIRD PARTY COMPENSATION AND BENEFITS CONSULTING FIRM (FIRM) TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF THE CEO'S TOTAL DIRECT COMPENSATION (BASE SALARY, ANNUAL INCENTIVES AND LONG TERM INCENTIVES) AND BENEFITS. THE COMPETITIVE ANALYSIS INCLUDES COMPARISON TO SIMILAR POSITIONS IN COMPANIES OF SIMILAR SIZE WITHIN THE SAME OR SIMILAR INDUSTRY. THE FIRM MAKES RECOMMENDATIONS, IF ANY, DIRECTLY TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ESTABLISHES THE FINAL COMPENSATION AND BENEFIT PACKAGE FOR THE CEO TAKING INTO CONSIDERATION THE MARKET COMPETITIVENESS REVIEW AND FINAL RECOMMENDATION OF THE FIRM. THE FIRM PROVIDES AN OPINION LETTER REGARDING THE REASONABLENESS OF THE CEO'S FINAL COMPENSATION AND BENEFITS PACKAGE. THE ACTIONS OF THE BOARD ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING.
PART I, LINE 4B
(RELATES TO PART I, LINE 4A): LISTED PERSONS ARE EMPLOYEES OF RELATED ORGANIZATIONS AND ARE COVERED UNDER A SEVERANCE POLICY FOR THEIR RESPECTIVE RELATED ORGANIZATION. THE SEVERANCE POLICY INCLUDES MONTHLY PAYMENTS UP TO A MAXIMUM OF 12 - 36 MONTHS UNDER QUALIFYING CIRCUMSTANCES AND DEPENDING ON POSITION. NO ONE LISTED RECEIVED SEVERANCE OR CHANGE OF CONTROL PAYMENTS DURING 2023. (RELATES TO PART I, LINE 4B) LAWRENCE G SCHREIBER, RANDALL L STUART, PHILIP G BOWLING, STEVEN M ZIEGLER, AND RONALD E JENNETTE ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. THEY PARTICIPATE IN TWO NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLANS SPONSORED BY SANTAFE HEALTHCARE, INC. FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN). VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE.
SCHEDULE J, PART II
CERTAIN SENIOR EXECUTIVES ARE ACCOUNTABLE FOR AND PERFORM SERVICES FOR SANTAFE HEALTHCARE, INC. AND EACH OF ITS AFFILIATES. SANTAFE HEALTHCARE, INC. AND AFFILIATES REPRESENT A DIVERSIFIED FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THESE SENIOR EXECUTIVES ARE PAID DIRECTLY BY SANTAFE HEALTHCARE, INC., AND THEIR COMPENSATION AND BENEFITS ARE APPORTIONED AND CHARGED TO THE RESPECTIVE AFFILIATES BASED ON THE ESTIMATED AMOUNT OF TIME SPENT ON EACH AFFILIATE'S ACTIVITIES.

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

  • EAST RIDGE RETIREMENT VILLAGE INC

    $2,580,704

    SANTAFE SENIOR LIVING FOUNDATION, INC. PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $2,580,704 TO SUPPORT AND FURTHER THE MISSION AND TAX EXEMPT PURPOSES OF EAST RIDGE RETIREMENT VILLAGE, INC.

  • NORTH FLORIDA RETIREMENT VILLAGE INC

    $282,454

    SANTAFE SENIOR LIVING FOUNDATION, INC. PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $282,454 TO SUPPORT AND FURTHER THE MISSION AND TAX EXEMPT PURPOSES OF NORTH FLORIDA RETIREMENT VILLAGE, INC.

  • BONITA SPRINGS RETIREMENT VILLAGE INC

    $88,690

    SANTAFE SENIOR LIVING FOUNDATION, INC. PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $88,690 TO SUPPORT AND FURTHER THE MISSION AND TAX EXEMPT PURPOSES OF BONITA SPRINGS RETIREMENT VILLAGE, INC.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SF HOLDING CORP INC

    C · HOLDING COMPANY · FL

  • CHARITABLE REMAINDER UNITRUST

    CHARITABLE REMAINDER UNITRUST · FL

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349321237

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