Form 990 for tax year 2025
Filed by THE PINECREST RETIREMENT TRUST.
Totals
- Total revenue
- $748,746
- Total expenses
- $161,769
- Contributions and grants received
- $0
- Grants paid
- $115,252
- Program service revenue
- $0
- Investment income
- $748,746
- Other revenue
- $0
- Total assets, end of year
- $7,533,770
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,533,770
- Program services expenses (Part IX)
- $115,252
- Management and general expenses
- $46,517
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $115,252
Program services were 71.2% 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.
-
3 · Investment income
total $144,664 · related or exempt $144,664
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $4,448,849 · other assets $89,098
-
7b · Less cost or other basis and sales expenses
securities $3,933,865
-
7c · Gain or loss
securities $514,984 · other assets $89,098
-
7d · Net gain or loss
total $604,082 · related or exempt $514,984 · excluded $89,098
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $115,252 · program services $115,252
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,050 · management and general $2,050
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $42,649 · management and general $42,649
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,250 · management and general $1,250
-
24a · Other expenses: CONTRACT SERVICES
total $400 · management and general $400
-
24b · Other expenses: Postage and Shipping
total $168 · management and general $168
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,781 · end of year $4,915
-
2 · Savings and temporary cash investments
beginning of year $187,253 · end of year $110,740
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $6,643,352 · end of year $7,418,115
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $6,839,386 · end of year $7,533,770
Mission and programs · 2025
Mission
THE PRT SUPPORTS MRC PINECREST IN ACCOMPLISHING THEIR COMMITMENT TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THIS TRUST ASSISTS BY ACCEPTING DONATIONS AND MANAGING THE INVESTMENT OF SUCH DONATIONS TO BE USED FOR BENEVOLENT ASSISTANCE TO AID THOSE IN NEED AT MRC PINECREST TOWARD SUPPORTING THE DIGNITY, INDEPENDENCE AND QUALITY OF LIFE FOR THE SENIOR RESIDENTS BEING SERVCED EVEN IF/WHEN THEY RUN LOW OR EVEN OUT OF FUNDS THROUGH NO FAULT OF THEIR OWN.
-
THE ORGANIZATION RECEIVED, INVESTED, AND ADMINISTERED GIFTS TO MRC PINECREST SO THE SUPPORTED ORGANIZATION COULD PROVIDE NURSING CARE ASSISTANCE TO ITS RESIDENTS.
Expenses $115,252 · Grants $115,252
As filed on the 2025 return.
Listed in Part VII
-
JULE TATUM FENLEY
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
ALYCE A BAGGETT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
CATHRYN C TODD
SEC/TREAS
- Total calculated
- $0
- Hours/week
- 1
-
TARA WATSON WATKINS
Director
- Total calculated
- $0
- Hours/week
- 1
-
ROY KNIGHT
Director
- Total calculated
- $0
- Hours/week
- 1
-
STEVE FIELDCAMP
Director
- Total calculated
- $0
- Hours/week
- 1
-
WAYNE HAGLUND
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$115,252
PAYMENTS FOR NURSING SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202630639349301458
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