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Nonprofiteer
← EPISCOPAL RETIREMENT SERVICES FOUNDATION

Form 990 for tax year 2022

Filed by EPISCOPAL RETIREMENT SERVICES FOUNDATION.

Totals

Total revenue
$2,413,369
Total expenses
$3,065,813
Contributions and grants received
$1,811,984
Grants paid
$2,591,715
Program service revenue
$0
Investment income
$397,796
Other revenue
$203,589
Total assets, end of year
$53,161,316
Total liabilities, end of year
$71,724
Net assets or fund balances, end of year
$53,089,592
Program services expenses (Part IX)
$2,945,813
Management and general expenses
$120,000
Fundraising expenses
$0
Program service expenses (Part III)
$2,945,813

Program services were 96.1% 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.

  • 1c · Fundraising events

    $11,453

  • 1f · All other contributions, gifts and grants

    $1,800,531

  • 1g · Noncash contributions included above

    $24,161

  • 3 · Investment income

    total $397,796 · excluded $397,796

  • 8a · Fundraising events: gross income

    $271,179

  • 8a · Fundraising events: contributions included on line 1c

    $11,453

  • 8b · Fundraising events: direct expenses

    $67,590

  • 8c · Net income from fundraising events

    total $203,589 · excluded $203,589

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,591,715 · program services $2,591,715

  • 11a · Fees: management

    total $120,000 · management and general $120,000

  • 24a · Other expenses: OPERATING EXPENSES

    total $354,098 · program services $354,098

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,181,929 · end of year $2,589,171

  • 3 · Pledges and grants receivable

    beginning of year $211,618 · end of year $163,717

  • 11 · Investments: publicly traded securities

    beginning of year $33,972,775 · end of year $26,454,468

  • 15 · Other assets

    beginning of year $30,391,341 · end of year $23,953,960

  • 25 · Other liabilities

    beginning of year $1,585,124 · end of year $71,724

  • 27 · Net assets without donor restrictions

    beginning of year $31,591,125 · end of year $24,451,280

  • 28 · Net assets with donor restrictions

    beginning of year $34,581,414 · end of year $28,638,312

Mission and programs · 2022

Mission

THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT SERVICES (ERS) AND/OR OTHER ORGANIZATIONS THAT ERS IS A MEMBER OF, INCLUDING, BUT NOT LIMITED TO, EPISCOPAL RETIREMENT HOMES, INC., EPISCOPAL RETIREMENT SERVICES DEVELOPMENT, LLC, AND EPISCOPAL RETIREMENT HOMES AFFORDABLE LIVING LLC, AND ALL AFFILIATES OF WHICH IT IS A MEMBER.

Activities or mission (Part I)

THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE.

  • THE EPISCOPAL RETIREMENT SERVICES FOUNDATION (ERSF) HAS BEEN SUCCESSFUL IN SOLICITING, RECEIVING AND INVESTING FUNDS FOR THE SUPPORT OF EPISCOPAL RETIREMENT SERVICES (ERS) AND EPISCOPAL RETIREMENT HOMES, INC. (ERH). THIS HAS ENABLED ERS AND ERH TO CONTINUE OPERATING AND DEVELOPING SENIOR HOUSING FOR THE COMMUNITY IN CONTINUING CARE RETIREMENT COMMUNITIES, AFFORDABLE SUBSIDIZED HOUSING, COMMUNITY SERVICES, MEALS ON WHEELS AND PARISH HEALTH MINISTRY.

    Expenses $2,945,813 · Grants $2,591,715

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Lamb

    DIRECTOR/PRESIDENT/CEO

    Total calculated
    $556,318
    From this org
    $0
    From related orgs
    $495,034
    Other
    $61,284
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,275 related
    Bonus
    $0 + $93,063 related
    Other
    $0 + $9,696 related
    Deferred
    $0 + $25,000 related
    Nontaxable benefits
    $0 + $36,284 related
    Filer's total
    $0 + $556,318 related

  • Joann Hagopian

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • Tom Regan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • Jon B Boss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Tony Bruns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Roy Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Chip Workman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • Apryl Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • Daniel Steward

    CFO/TREASURER/SECRETARY

    Total calculated
    $276,194
    From this org
    $0
    From related orgs
    $249,143
    Other
    $27,051
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,810 related
    Bonus
    $0 + $26,987 related
    Other
    $0 + $35,346 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,051 related
    Filer's total
    $0 + $276,194 related

  • Joan Wetzel

    VP, HR & ORG DEV

    Total calculated
    $196,611
    From this org
    $0
    From related orgs
    $169,795
    Other
    $26,816
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,649 related
    Bonus
    $0 + $25,146 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,816 related
    Filer's total
    $0 + $196,611 related

  • Beverly Edwards

    VP, HEALTH SERVICES

    Total calculated
    $205,105
    From this org
    $0
    From related orgs
    $201,997
    Other
    $3,108
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,235 related
    Bonus
    $0 + $28,762 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,108 related
    Filer's total
    $0 + $205,105 related

  • Bryan Reynolds

    VP, MARKETING

    Total calculated
    $170,868
    From this org
    $0
    From related orgs
    $146,738
    Other
    $24,130
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,269 related
    Bonus
    $0 + $21,469 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,130 related
    Filer's total
    $0 + $170,868 related

  • James Wilson

    VP, AFFORDABLE LIVING

    Total calculated
    $199,741
    From this org
    $0
    From related orgs
    $188,694
    Other
    $11,047
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,838 related
    Bonus
    $0 + $30,856 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,047 related
    Filer's total
    $0 + $199,741 related

  • Megan Bradford

    VP, MIDDLE MARKET & MINISTRY

    Total calculated
    $152,709
    From this org
    $0
    From related orgs
    $148,349
    Other
    $4,360
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,042 related
    Bonus
    $0 + $23,831 related
    Other
    $0 + $14,476 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,360 related
    Filer's total
    $0 + $152,709 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
EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: -COMPENSATION COMMITTEE -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349306090

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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