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Nonprofiteer
← BAPTIST HOMES SOCIETY & BAPTIST HOMES NURSING CTR WORKER COMP

Form 990 for tax year 2023

Filed by BAPTIST HOMES SOCIETY & BAPTIST HOMES NURSING CTR WORKER COMP.

Totals

Total revenue
$10,667
Total expenses
$7,228
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$10,667
Other revenue
$0
Total assets, end of year
$655,235
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$655,235
Program services expenses (Part IX)
$7,228
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,228

Program services were 100.0% 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 $19,494 · excluded $19,494

  • 7a · Gross sales of assets other than inventory

    securities $124,962

  • 7b · Less cost or other basis and sales expenses

    securities $133,789

  • 7c · Gain or loss

    securities -$8,827

  • 7d · Net gain or loss

    total -$8,827 · excluded -$8,827

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,228 · program services $7,228

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $608,658 · end of year $610,235

  • 15 · Other assets

    beginning of year $45,000 · end of year $45,000

Mission and programs · 2023

Mission

TO PROVIDE WORKERS' COMPENSATION BENEFITS TO A RELATED 501(C)(3) ORGANIZATION.

  • THE ORGANIZATION'S PURPOSE IS TO PROVIDE WORKERS' COMPENSATION BENEFITS UNDER A SELF-INSURED PROGRAM TO EMPLOYEES OF A RELATED IRC SEC. 501(C)(3) ORGANIZATION, BAPTIST HOMES SOCIETY. NO OTHER EMPLOYERS WILL PARTICIPATE IN THE TRUST. THE ORGANIZATION RECEIVES CONTRIBUTIONS AS NEEDED FROM BAPTIST HOMES SOCIETY. THE TRUSTEE IS A BANKING INSTITUTION, WHICH WILL INVEST AND REINVEST THE TRUST PRINCIPAL AS AUTHORIZED BY PROVISIONS OF THE TRUST AGREEMENT. ASSETS OF THE TRUST ARE USED TO PAY WORKERS' COMPENSATION BENEFITS, TO PAY REASONABLE EXPENSES OF THE TRUSTEE AND ADMINISTRATOR, AND TO PAY TO THE EMPLOYER ANY INCOME AND/OR PRINCIPAL IN EXCESS OF THE REQUIRED FUNDING AMOUNT, WHEN SO REQUESTED.

    Expenses $7,228

As filed on the 2023 return.

Listed in Part VII

  • Pnc

    ASSISTANT VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Timothy L Myers

    PRESIDENT & CEO

    Total calculated
    $278,252
    From this org
    $0
    From related orgs
    $248,967
    Other
    $29,285
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,380 related
    Bonus
    $0
    Other
    $0 + $25,587 related
    Deferred
    $0 + $8,541 related
    Nontaxable benefits
    $0 + $20,744 related
    Filer's total
    $0 + $278,252 related

  • Mr Brent V Foster

    CFO & ASST. TREASURER

    Total calculated
    $248,353
    From this org
    $0
    From related orgs
    $213,570
    Other
    $34,783
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,092 related
    Bonus
    $0 + $17,728 related
    Other
    $0 + $22,750 related
    Deferred
    $0 + $8,653 related
    Nontaxable benefits
    $0 + $26,130 related
    Filer's total
    $0 + $248,353 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
THE RELATED ORGANIZATION USES THE FOLLOWING COMPENSATION METHODS: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, 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

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349303236

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