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Nonprofiteer
← KIAWAH LIFE PLAN VILLAGE INC

Form 990 for tax year 2024

Filed by KIAWAH LIFE PLAN VILLAGE INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$229,758,510
Total liabilities, end of year
$226,758,510
Net assets or fund balances, end of year
$3,000,000
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $174,966,347 · end of year $114,804,626

  • 9 · Prepaid expenses and deferred charges

    end of year $1,256,747

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

    $113,697,137

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $42,454,963 · end of year $113,697,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,977,547 · end of year $7,879,412

  • 20 · Tax-exempt bond liabilities

    beginning of year $190,983,763 · end of year $192,657,887

  • 24 · Unsecured notes and loans payable

    beginning of year $19,460,000 · end of year $19,460,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,761,211

  • 27 · Net assets without donor restrictions

    end of year $3,000,000

Mission and programs · 2024

Mission

TO ESTABLISH, SUPPORT, MAINTAIN, AND OPERATE, ON A NON-PROFIT BASIS, A RETIREMENT CENTER FOR PEOPLE OVER THE AGE OF 62, TOGETHER WITH RELATED SERVICES THAT IS LOCATED ON KIAWAH ISLAND, SOUTH CAROLINA.

Activities or mission (Part I)

TO MAINTAIN, AND OPERATE, ON A NON-PROFIT BASIS, A RETIREMENT CENTER FOR PEOPLE OVER THE AGE OF 62.

  • KIAWAH LIFE PLAN VILLAGE, INC. (SEAFIELDS) WAS FORMED FOR THE PURPOSE OF LAND ACQUISTION, INITIAL SITE WORK, MARKETING, AND DEVELOPMENT WITH RESPECT TO A LIFE-PLAN OR CONTINUING CARE RETIREMENT COMMUNITY (CCRC) ON APPROXIMATELY 8 ACRES LOCATED IN THE TOWN OF KIAWAH ISLAND, SOUTH CAROLINA. BISHOP GADSDEN EPISCOPAL COMMUNITIES (BGEC), A TAX-EXEMPT NOT-FOR-PROFIT CORPORATION, EFFECTIVE NOVEMBER 8, 2024, BECAME THE CONTROLLING AND SUPPORTING ORGANIZATION OF SEAFIELDS, AS A RESULT OF AN AFFILIATION. SEAFIELDS WILL CONSIST OF 88 INDEPENDENT LIVING UNITS, 16 ASSISTED LIVING UNITS AND PROVIDE SKILLED NURSING SERVICES FOR ITS RESIDENTS THROUGH AN AGREEMENT WITH BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY (BISHOP GADSDEN). SEAFIELDS COMMENCED PROJECT CONSTRUCTION OPERATIONS ON AUGUST 16, 2021 WITH CONSTRUCTION ANTICIPATED TO BE COMPLETED IN NOVEMBER 2025 AND IS MARKETED AS "SEAFIELDS BY BISHOP GADSDEN".

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

Listed in Part VII

  • PATRICK J KELLY MD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • JOANNE HILL

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • BRIAN HUSSAIN

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • TODD LILLIBRIDGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • MARK PERMAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • ROBERT VINGI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • WALTER BOOMER

    SECRETARY (UNTIL 11/24)

    Total calculated
    $0
    Hours/week
    10

  • BARBARA MCDUFFIE

    TREASURER (UNTIL 11/24)

    Total calculated
    $0
    Hours/week
    10

  • ARTHUR BARON

    BOARD MEMBER (UNTIL 11/24)

    Total calculated
    $0
    Hours/week
    5

  • SARAH EH TIPTON

    CEO/PRESIDENT

    Total calculated
    $495,471
    From this org
    $0
    From related orgs
    $418,070
    Other
    $77,401
    Hours/week
    10 + 45 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
    10 + 45 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

  • AARON D ROOP

    SR. VICE PRESIDENT

    Total calculated
    $311,807
    From this org
    $0
    From related orgs
    $272,681
    Other
    $39,126
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,681 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $16,126 related
    Filer's total
    $0 + $311,807 related

  • KIMBERLY BORTS

    EXECUTIVE DIRECTOR

    Total calculated
    $213,669
    From this org
    $0
    From related orgs
    $193,138
    Other
    $20,531
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,138 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $11,847 related
    Nontaxable benefits
    $0 + $8,684 related
    Filer's total
    $0 + $213,669 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 KIAWAH LIFE PLAN, INC. 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 KIAWAH LIFE PLAN, INC. 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
202532889349303118

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