Totals
- Total revenue
- $54,400,467
- Total expenses
- $54,588,935
- Contributions and grants received
- $1,994,295
- Grants paid
- $1,553,623
- Program service revenue
- $50,713,073
- Investment income
- $1,402,290
- Other revenue
- $290,809
- Total assets, end of year
- $237,709,662
- Total liabilities, end of year
- $253,661,048
- Net assets or fund balances, end of year
- -$15,951,386
- Program services expenses (Part IX)
- $48,216,322
- Management and general expenses
- $6,221,222
- Fundraising expenses
- $151,391
- Program service expenses (Part III)
- $48,216,322
Program services were 88.3% 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.
-
1c · Fundraising events
$14,980
-
1f · All other contributions, gifts and grants
$1,979,315
-
1g · Noncash contributions included above
$387,000
-
2a · Program service revenue: INDEPENDENT LIVING
total $22,921,154 · related or exempt $22,921,154
-
2b · Program service revenue: EARNED ENTRANCE FEES
total $11,289,453 · related or exempt $11,289,453
-
2c · Program service revenue: HEALTHCARE REVENUE
total $11,039,532 · related or exempt $11,039,532
-
2d · Program service revenue: HOME CARE REVENUE
total $3,462,835 · related or exempt $3,462,835
-
2f · All other program service revenue
total $2,000,099 · related or exempt $2,000,099
-
3 · Investment income
total $1,222,342 · excluded $1,222,342
-
6a · Gross rents
real property $297,213
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $297,213
-
6d · Net rental income or loss
total $297,213 · excluded $297,213
-
7a · Gross sales of assets other than inventory
securities $9,803,613 · other assets $17,305
-
7b · Less cost or other basis and sales expenses
securities $9,587,633 · other assets $53,337
-
7c · Gain or loss
securities $215,980 · other assets -$36,032
-
7d · Net gain or loss
total $179,948 · excluded $179,948
-
8a · Fundraising events: gross income
$1,920
-
8a · Fundraising events: contributions included on line 1c
$14,980
-
8b · Fundraising events: direct expenses
$8,324
-
8c · Net income from fundraising events
total -$6,404 · excluded -$6,404
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $734,398 · program services $734,398
-
2 · Grants to domestic individuals
total $819,225 · program services $819,225
-
5 · Compensation of officers, directors and key employees
total $1,288,018 · program services $310,938 · management and general $977,080
-
7 · Other salaries and wages
total $17,559,209 · program services $15,635,541 · management and general $1,839,973 · fundraising $83,695
-
8 · Pension plan contributions
total $502,237 · program services $405,767 · management and general $84,043 · fundraising $12,427
-
9 · Other employee benefits
total $2,846,991 · program services $2,472,611 · management and general $364,677 · fundraising $9,703
-
10 · Payroll taxes
total $1,339,477 · program services $1,164,097 · management and general $169,277 · fundraising $6,103
-
11b · Fees: legal
total $26,378 · management and general $26,378
-
11c · Fees: accounting
total $74,322 · management and general $74,322
-
11e · Fees: professional fundraising services
total $2,500 · fundraising $2,500
-
11f · Fees: investment management
total $185,890 · management and general $185,890
-
11g · Fees: other
total $439,845 · program services $158,235 · management and general $281,610
-
12 · Advertising and promotion
total $212,229 · management and general $212,229
-
13 · Office expenses
total $200,324 · program services $79,440 · management and general $120,884
-
14 · Information technology
total $619,227 · program services $14,610 · management and general $604,617
-
16 · Occupancy
total $1,804,410 · program services $1,804,410
-
17 · Travel
total $478 · program services $388 · management and general $42 · fundraising $48
-
19 · Conferences, conventions and meetings
total $96,002 · program services $56,827 · management and general $39,175
-
20 · Interest
total $7,136,902 · program services $7,045,485 · management and general $91,417
-
22 · Depreciation, depletion and amortization
total $12,588,039 · program services $12,427,208 · management and general $160,831
-
23 · Insurance
total $494,949 · management and general $494,949
-
24a · Other expenses: DIETARY SUPPLIES
total $2,122,093 · program services $2,122,093
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $1,198,550 · program services $1,198,550
-
24c · Other expenses: PROGRAM SUPPLIES
total $333,604 · program services $333,604
-
24e · All other expenses
total $1,963,638 · program services $1,432,895 · management and general $493,828 · fundraising $36,915
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $699,431 · end of year $1,579,946
-
2 · Savings and temporary cash investments
beginning of year $485,185 · end of year $2,205,333
-
3 · Pledges and grants receivable
beginning of year $161,140 · end of year $377,877
-
4 · Accounts receivable
beginning of year $462,723 · end of year $387,137
-
8 · Inventories for sale or use
beginning of year $108,389 · end of year $61,073
-
9 · Prepaid expenses and deferred charges
beginning of year $1,720,953 · end of year $1,747,558
-
10a · Land, buildings and equipment: cost or other basis
$310,600,903
-
10b · Land, buildings and equipment: accumulated depreciation
$123,314,185
-
10c · Land, buildings and equipment, net
beginning of year $195,248,414 · end of year $187,286,718
-
11 · Investments: publicly traded securities
beginning of year $40,012,289 · end of year $42,352,580
-
15 · Other assets
beginning of year $4,934,993 · end of year $1,711,440
-
17 · Accounts payable and accrued expenses
beginning of year $3,374,561 · end of year $4,578,263
-
19 · Deferred revenue
beginning of year $98,624,370 · end of year $96,680,322
-
20 · Tax-exempt bond liabilities
beginning of year $135,737,808 · end of year $132,629,977
-
23 · Secured mortgages and notes payable
beginning of year $19,685,546 · end of year $16,400,707
-
25 · Other liabilities
beginning of year $3,507,604 · end of year $3,371,779
-
27 · Net assets without donor restrictions
beginning of year -$17,518,922 · end of year -$17,076,287
-
28 · Net assets with donor restrictions
beginning of year $422,550 · end of year $1,124,901
Mission and programs · 2024
Mission
AT SOUTHMINSTER, OUR MISSION IS TO EMBRACE COMMUNITY, CARING AND COLLABORATION TO ENRICH THE LIVES OF THOSE WE SERVE. WE ARE SOUTHMINSTER.
Activities or mission (Part I)
TO PROVIDE CONTINUING CARE TO RESIDENTS OF SOUTHMINSTER, INC.
-
CONTINUING CARE RETIREMENT COMMUNITYPROVIDE A CONTINUUM OF SERVICES (INDEPENDENT LIVING, ASSISTED LIVING, NURSING) TO OLDER ADULTS THAT ALLOWS THEM TO LIVE INDEPENDENTLY AND AS ACTIVELY AS THEIR FACULTIES AND STRENGTH PERMIT.
Expenses $48,216,322 · Grants $1,553,623 · Revenue $50,713,073
As filed on the 2024 return.
Listed in Part VII
-
REV ROBIN COIRA
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES H CONNER JR
VICE CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN R SALVIN
VICE CHAIR/SECRETARY (10/24 - 2/25)
- Total calculated
- $0
- Hours/week
- 1
-
MARYANN LARGEN
VICE CHAIR/SECRETARY(2/25- PRESENT)
- Total calculated
- $0
- Hours/week
- 1
-
FRANK HORNE JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
GLORIA GIBSON
VICE CHAIR (2/25 - PRESENT)
- Total calculated
- $0
- Hours/week
- 1
-
ROY L SMART III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUZANNE G BLEDSOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JACK COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LARRY DAGENHART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
REV LISA SAUNDERS
EX OFFICIO (10/24 - 1/25)
- Total calculated
- $0
- Hours/week
- 1
-
REV HENRY HARMAN EDENS III
EX OFFICIO (2/25 - PRESENT)
- Total calculated
- $0
- Hours/week
- 1
-
REV CARRIE VEAL
EX OFFICIO (10/24 - 3/25)
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD T HINSON JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR CHARLES EDWARDS
BOARD MEMBER (2/25 - PRESENT)
- Total calculated
- $0
- Hours/week
- 1
-
BEN GILCHRIST
PRESIDENT & CEO
- Total calculated
- $579,614
- From this org
- $509,808
- From related orgs
- $0
- Other
- $69,806
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $430,327
- Bonus
- $78,929
- Other
- $552
- Deferred
- $40,346
- Nontaxable benefits
- $29,460
- Filer's total
- $579,614
-
KENDA LAUGHEY
CFO/ASST TREASURER
- Total calculated
- $345,850
- From this org
- $297,736
- From related orgs
- $0
- Other
- $48,114
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $259,635
- Bonus
- $37,966
- Other
- $135
- Deferred
- $27,591
- Nontaxable benefits
- $20,523
- Filer's total
- $345,850
-
ARNOLDO MARQUEZ
COO/ASST SEC
- Total calculated
- $271,493
- From this org
- $236,857
- From related orgs
- $0
- Other
- $34,636
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,468
- Bonus
- $21,299
- Other
- $90
- Deferred
- $14,516
- Nontaxable benefits
- $20,120
- Filer's total
- $271,493
-
STEWART WILEY
VP OF MARKETING
- Total calculated
- $221,585
- From this org
- $185,379
- From related orgs
- $0
- Other
- $36,206
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,347
- Bonus
- $8,889
- Other
- $1,143
- Deferred
- $11,628
- Nontaxable benefits
- $24,578
- Filer's total
- $221,585
-
TERESA LEWIS
CONTROLLER
- Total calculated
- $196,113
- From this org
- $152,514
- From related orgs
- $0
- Other
- $43,599
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,279
- Bonus
- $9,100
- Other
- $135
- Deferred
- $9,999
- Nontaxable benefits
- $33,600
- Filer's total
- $196,113
-
LISA MCCLELLAN
VP OF HUMAN RESOURCES
- Total calculated
- $186,218
- From this org
- $152,382
- From related orgs
- $0
- Other
- $33,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,195
- Bonus
- $11,800
- Other
- $387
- Deferred
- $5,678
- Nontaxable benefits
- $28,158
- Filer's total
- $186,218
-
JOSH NOLAND
DIRECTOR OF CAMPUS FACILIT
- Total calculated
- $185,740
- From this org
- $149,230
- From related orgs
- $0
- Other
- $36,510
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,340
- Bonus
- $11,800
- Other
- $90
- Deferred
- $9,662
- Nontaxable benefits
- $26,848
- Filer's total
- $185,740
-
TRACY MCGINNIS
VP OF PHILANTHROPY AND STR
- Total calculated
- $169,517
- From this org
- $145,521
- From related orgs
- $0
- Other
- $23,996
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,586
- Bonus
- $11,800
- Other
- $135
- Deferred
- $1,529
- Nontaxable benefits
- $22,467
- Filer's total
- $169,517
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 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
- BEN GILCHRIST'S COMPENSATION REPORTED ON FORM 990, PART VII INCLUDED $23,000 FOR SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN; TERMS AND CONDITIONS WERE AS FOLLOWS: SECTION 457 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN KENDA LAUGHEY'S COMPENSATION REPORTED ON FORM 990, PART VII INCLUDED $10,000 FOR SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN; TERMS AND CONDITIONS WERE AS FOLLOWS: SECTION 457 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- PART I, LINE 7
- CEO COMPENSATION INCLUDED AN ANNUAL BONUS BASED ON CERTAIN GOALS NOT TIED TO ORGANIZATION'S REVENUE OR NET EARNINGS, SET BY BOARD OF DIRECTORS. DEPARTMENT HEADS' COMPENSATION INCLUDED ANNUAL BONUSES BASED ON CERTAIN GOALS NOT TIED TO ORGANIZATION'S REVENUE OR NET EARNINGS, SET BY CEO.
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
-
$175,000
SUPPORT AND SCHOLARSHIPS FOR DAY PROGRAM
-
TO SUPPORT SENIOR PROGRAMMING AND SERVICES IN THE GREATER CHARLOTTE COMMUNITY
-
MEMORY & MOVEMENT CENTER CHARLOTTE
$100,000
SCHOLARSHIPS, TRAINING
-
HURRICANE RELIEF EFFORTS, SUPPORT ENDOWMENT GROWTH AND LT EDUCATIONAL FUNDING NEEDS
-
$46,705
CAREGIVER PROGRAM
-
$40,000
SUPPORTING ECHOES ACROSS GENERATIONS INTERGENERATIONAL LEARNING PROJECT AI FOR HUMANITY INTERGENERATIONAL LEARNING PROGRAM FOCUSED ON BRIDGING GAPS BETWEEN YOUTH AND SENIORS BY EXPLORING AI'S SOCIETAL IMPACTS, FOSTERING DIGITAL LITERACY, ADDRESSING LONELINESS, AND CREATING COMMUNITY PLANS USING TECHNOLOGY FOR SOCIAL GOOD.
-
$25,000
SPONSORSHIP
-
$20,000
DONATION SUPPORTING FRIENDS OF THE LIBRARY
-
$15,000
SOUTHMINSTER SCHOLAR, SENIOR PROGRAMING AT THE RETREAT, ADDITIONAL PROGRAMMING AT VARIOUS SCHOOL SITES
-
$13,067
DONATION
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
501(C)(3) · FUNDRAISING · NC · controlled entity
Directly controlled by SOUTHMINSTER INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630449349301758
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.