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Nonprofiteer
← BAPTIST RETIREMENT HOMES FOUNDATION

Form 990 for tax year 2024

Filed by BAPTIST RETIREMENT HOMES FOUNDATION.

Totals

Total revenue
$5,163,764
Total expenses
$2,824,396
Contributions and grants received
$3,266,321
Grants paid
$1,663,128
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,663,128
Management and general expenses
$853,339
Fundraising expenses
$307,929
Program service expenses (Part III)
$1,663,128

Program services were 58.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARY MORGAN

    CHAIR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    1

  • CLARENCE LAMBE

    CHAIR (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    1

  • BETH JONES

    DIRECTOR (AS OF 1/25)

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTE COOK-SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELVIN SCALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY SKINNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REED VANDERSLIK

    ASST SECRETARY

    Total calculated
    $457,109
    From this org
    $0
    From related orgs
    $406,216
    Other
    $50,893
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,659 related
    Bonus
    $0 + $27,557 related
    Other
    $0
    Deferred
    $0 + $10,674 related
    Nontaxable benefits
    $0 + $40,219 related
    Filer's total
    $0 + $457,109 related

  • MICHAEL BRADY

    ASST TREASURER

    Total calculated
    $235,991
    From this org
    $0
    From related orgs
    $206,627
    Other
    $29,364
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,627 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,364 related
    Filer's total
    $0 + $235,991 related

  • KEVIN COOK

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $45,838
    From this org
    $0
    From related orgs
    $38,040
    Other
    $7,798
    Hours/week
    36 + 4 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL OFFICER COMPENSATION IS PAID BY BAPTIST RETIREMENT HOMES OF NORTH CAROLINA (EIN 56-0562308) A RELATED TAX EXEMPT ORGANIZATION. ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES OF BAPTIST RETIREMENT HOMES OF NORTH CAROLINA IS REVIEWED BY THE PERSONNEL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY.
PART I, LINE 7
THE ORGANIZATION MAINTAINS A BOARD-APPROVED, WRITTEN POLICY FOR DETERMINING BONUSES FOR THE EXECUTIVE LEADERSHIP TEAM. BONUSES ARE DETERMINED BY WHETHER CERTAIN ORGANIZATIONAL GOALS HAVE BEEN MET DURING THE PRIOR YEAR. THEN BASED ON THE NUMBER OF GOALS MET AND THE DEGREE GOALS MAY HAVE BEEN EXCEEDED, A BONUS RECOMMENTATION IS BROUGHT BY THE PERSONNEL COMMITTEE OF THE THRIVEMORE BOARD OF DIRECTORS TO THE FULL THRIVEMORE BOARD. DURING THE FISCAL YEAR, A BONUS WAS PAID TO REED VANDERSLIK,.

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
2024
IRS schema version
2024v5.5
Source object
202622299349302157

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