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Nonprofiteer
← BRYN MAWR TERRACE

Form 990 for tax year 2022

Filed by BRYN MAWR TERRACE.

Totals

Total revenue
$4,488,587
Total expenses
$1,157,231
Contributions and grants received
$4,488,587
Grants paid
$833,964
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$204,954
Total liabilities, end of year
$122,514
Net assets or fund balances, end of year
$82,440
Program services expenses (Part IX)
$915,405
Management and general expenses
$241,826
Fundraising expenses
$0
Program service expenses (Part III)
$915,405

Program services were 79.1% 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

    $4,488,587

  • 1g · Noncash contributions included above

    $4,488,587

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $833,964 · program services $833,964

  • 11a · Fees: management

    total $220,000 · management and general $220,000

  • 11b · Fees: legal

    total $9,896 · management and general $9,896

  • 11g · Fees: other

    total $80,398 · program services $80,398

  • 13 · Office expenses

    total $10 · management and general $10

  • 24a · Other expenses: BANK FEES

    total $11,045 · management and general $11,045

  • 24b · Other expenses: MEDICAL/ANCILLARY SVCS.

    total $1,043 · program services $1,043

  • 24c · Other expenses: REPAIRS/MAINT.

    total $875 · management and general $875

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,434 · end of year $820

  • 9 · Prepaid expenses and deferred charges

    beginning of year $575,548 · end of year $203,680

  • 15 · Other assets

    beginning of year $104,205 · end of year $454

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,995 · end of year $122,514

  • 19 · Deferred revenue

    beginning of year $551 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,123,480 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,206,839 · end of year $82,440

Mission and programs · 2022

Mission

PROVIDE SKILLED NURSING, REHABILITATION, AND PERSONAL CARE SERVICES.

Activities or mission (Part I)

PROVIDE SKILLED NURSING, REHABILIATION, AND PERSONAL CARE SERVICES.

  • BRYN MAWR TERRACE OPERATED AS A CONTINUING CARE RETIREMENT COMMUNITY UNTIL AUGUST 2021, WHEN IT SOLD ITS OPERATIONS. FOLLOWING THE SALE, BMT HAS CEASED OPERATIONS AS A SEPARATE ENTITY AND IS IN THE PROCESS OF WINDING DOWN.

    Expenses $915,405 · Grants $833,964

As filed on the 2022 return.

Listed in Part VII

  • Gordon Mott

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • A Louis Denton Esq

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David R Dugery

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Bob Bergen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Elizabeth Liz Rogan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tim Rubin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Paul Boston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lauren S Rosen MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Phillip D Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sheila Gibson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Ross

    PRESIDENT & CEO

    Total calculated
    $429,172
    From this org
    $0
    From related orgs
    $403,384
    Other
    $25,788
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,384 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,788 related
    Filer's total
    $0 + $429,172 related

  • Mark Henry

    CFO

    Total calculated
    $225,680
    From this org
    $0
    From related orgs
    $225,680
    Other
    $0
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,680 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $225,680 related

  • John B Fredericks

    PRESIDENT & CEO (BEG. IN 2023)

    Total calculated
    $0
    Hours/week
    10 + 30 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
THE ORGANIZATION USED CONVERGE, AN INDEPENDENT CONTRACTOR, TO CONDUCT A REVIEW OF KEY EMPLOYEE COMPENSATION WITH ASSISTANCE FROM COMPENSATION CONSULTING ALTERNATIVES, INC. THEY COMPILE AND ANALYZE DATA FROM SEVERAL HEALTHCARE SURVEY SOURCES. THIS DATA WAS PROVIDED TO THE BOARD CHAIR WHO REVIEWED IT, MADE A DECISION AND REVIEWED THAT DECISION WITH THE BOARD MEMBERS.

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
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349310338

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