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← SHELTERING ARMS FOUNDATION

Form 990 for tax year 2024

Filed by SHELTERING ARMS FOUNDATION.

Totals

Total revenue
$4,937,873
Total expenses
$5,868,650
Contributions and grants received
$4,762,007
Grants paid
$4,084,242
Program service revenue
$0
Investment income
$175,866
Other revenue
$0
Total assets, end of year
$207,678,459
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$207,678,459
Program services expenses (Part IX)
$5,490,629
Management and general expenses
$378,021
Fundraising expenses
$0
Program service expenses (Part III)
$5,490,629

Program services were 93.6% 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.

  • 1f · All other contributions, gifts and grants

    $4,762,007

  • 3 · Investment income

    total $175,866 · unrelated business $175,744 · excluded $122

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,084,242 · program services $4,084,242

  • 7 · Other salaries and wages

    total $991,266 · program services $797,454 · management and general $193,812

  • 9 · Other employee benefits

    total $233,729 · program services $192,831 · management and general $40,898

  • 11g · Fees: other

    total $46,177 · program services $20,799 · management and general $25,378

  • 12 · Advertising and promotion

    total $18,630 · program services $14,364 · management and general $4,266

  • 13 · Office expenses

    total $45,667 · program services $35,211 · management and general $10,456

  • 14 · Information technology

    total $31,048 · program services $23,939 · management and general $7,109

  • 17 · Travel

    total $2,306 · program services $1,778 · management and general $528

  • 19 · Conferences, conventions and meetings

    total $21,641 · program services $16,686 · management and general $4,955

  • 22 · Depreciation, depletion and amortization

    total $4,247 · program services $2,856 · management and general $1,391

  • 24a · Other expenses: MISCELLANEOUS

    total $155,387 · program services $119,808 · management and general $35,579

  • 24b · Other expenses: SPECIAL OCCASIONS

    total $119,711 · program services $92,301 · management and general $27,410

  • 24c · Other expenses: UBI TAX

    total $114,599 · program services $88,360 · management and general $26,239

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,229,186 · end of year $1,033,232

  • 3 · Pledges and grants receivable

    beginning of year $209,347 · end of year $591,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,224 · end of year $143,532

  • 10a · Land, buildings and equipment: cost or other basis

    $4,688,383

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,289

  • 10c · Land, buildings and equipment, net

    beginning of year $4,660,341 · end of year $4,656,094

  • 12 · Investments: other securities

    beginning of year $189,612,107 · end of year $201,254,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,552 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $195,238,420 · end of year $206,926,036

  • 28 · Net assets with donor restrictions

    beginning of year $474,233 · end of year $752,423

Mission and programs · 2024

Mission

TO FUEL THE VISIONS OF SHELTERING ARMS HOSPITAL AND SHELTERING ARMS INSTITUTE BY BUILDING COMMUNITY PHILANTHROPIC SUPPORT, BY STEWARDING (CONTINUED ON SCHEDULE O)OUR INVESTMENT PORTFOLIO TO REINVEST IN THOSE MISSIONS, AND BY ENHANCING COMMUNITY RELATIONS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND ORGANIZATIONS.

Activities or mission (Part I)

TO SUPPORT RELATED ORGANIZATIONS IN PROVIDING HEALTHCARE, WELLNESS, AND COMMUNITY SUPPORT SERVICES.

  • THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS HOSPITAL COMMUNITY-BASED PROGRAMS, AND SHELTERING ARMS INSTITUTE THROUGH COMMUNITY PHILANTHROPIC SUPPORT AND SOUND STEWARDSHIP OF THE SHELTERING ARMS FOUNDATION INVESTMENT PORTFOLIO. NEW PHILANTHROPIC DONATIONS AND INVESTMENT INCOME HELP TO PROVIDE THE MARGIN OF EXCELLENCE IN CLINICAL AND COMMUNITY-BASED PROGRAMS THAT COULD NOT BE ACHIEVED THROUGH OPERATING INCOME ALONE. DONORS HELP OUR PATIENTS TO FIND THEIR POWER TO OVERCOME INJURIES AND ILLNESSES AND HELP US ACHIEVE OUR VISION OF REINVENTING REHABILITATION FOR LIFE BEYOND LIMITS.

    Expenses $5,490,629 · Grants $4,084,242

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PETER H BOWLES

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BARBARA H DUNN PHD RN

    VICE CHAIR (THRU 6/25)

    Total calculated
    $0
    Hours/week
    1

  • SARAH KAY

    VICE CHAIR (AS OF 6/25)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • HOLLY ANTRIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RICHARD BAGBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GINA BASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL W BOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALLAS DISBROW

    DIRECTOR (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    1

  • BETH FLIPPO HUTCHINS

    DIRECTOR (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    1

  • LAWRENCE GIBSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ASHBY HACKNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RUSSELL HARPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL J JARVIS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARL PRICE

    DIRECTOR (AS OF 01/25 - THRU 09/25)

    Total calculated
    $0
    Hours/week
    1

  • SUE H SCHUTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW SLAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA TAYLOR POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LATASIA S TURPIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR PETER ZEDLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAMES S LITSINGER

    CFO & TREASURER

    Total calculated
    $455,181
    From this org
    $406,552
    From related orgs
    $0
    Other
    $48,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,670
    Bonus
    $91,167
    Other
    $9,715
    Deferred
    $15,250
    Nontaxable benefits
    $33,379
    Filer's total
    $455,181

  • KELLY DEL CAMPO MERRICKS

    VP PHILANTHROPY & SECRETARY

    Total calculated
    $206,164
    From this org
    $0
    From related orgs
    $167,549
    Other
    $38,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $134,357 related
    Bonus
    $0 + $32,540 related
    Other
    $0 + $652 related
    Deferred
    $0 + $8,703 related
    Nontaxable benefits
    $0 + $29,912 related
    Filer's total
    $0 + $206,164 related

  • JOHN L MCELROY III

    FOUNDATION PRESIDENT

    Total calculated
    $430,725
    From this org
    $0
    From related orgs
    $367,127
    Other
    $63,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $282,452 related
    Bonus
    $0 + $81,111 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $36,396 related
    Nontaxable benefits
    $0 + $27,202 related
    Filer's total
    $0 + $430,725 related

  • KYLE S AMEY

    MAJOR GIFT GIVING OFFICER

    Total calculated
    $139,936
    From this org
    $0
    From related orgs
    $111,986
    Other
    $27,950
    Hours/week
    40

  • PATRICIA M AMBLER

    DIRECTOR OF PROSPECT DEVELOPMENT

    Total calculated
    $114,346
    From this org
    $0
    From related orgs
    $100,788
    Other
    $13,558
    Hours/week
    40

  • LISA B RESCH

    DIRECTOR OF DONOR MANAGEMENT

    Total calculated
    $115,938
    From this org
    $0
    From related orgs
    $100,424
    Other
    $15,514
    Hours/week
    40

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 FOUNDATION'S PRESIDENT AND SECRETARY ARE EMPLOYED BY SHELTERING ARMS HOSPITAL (SAH). THE FOUNDATION REIMBURSES SAH FOR THE SERVICES PROVIDED BY THE OFFICERS OF THE ORGANIZATION. THEIR COMPENSATION IS REVIEWED AND APPROVED AT A FORMAL MEETING OF THE INDEPENDENT COMPENSATION COMMITTEE OF SHELTERING ARMS HOSPITAL. THE COMPENSATION COMMITTEE EVALUATES PERFORMANCE, COMPENSATION SURVEYS, AND CONTRACT TERMS AND CONDITIONS ANNUALLY BEFORE DETERMINING AND RECOMMENDING COMPENSATION. ALL COMPENSATION COMMITTEE DISCUSSIONS ARE DOCUMENTED IN FORMAL MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. THE FOUNDATION'S TREASURER IS EMPLOYED BY SHELTERING ARMS INSTITUTE, AN UNRELATED ENTITY, THROUGH A SHARED SERVICES AGREEMENT.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SAF LAND HOLDINGS LLC

    HOLD REAL ESTATE · VA · income $0 · assets $4,648,167

    Directly controlled by SHELTERING ARMS FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SAF INVESTMENT HOLDINGS LP

    EXCLUDED · INVESTMENT HOLDINGS · NC · share of income $7,767,903

    Directly controlled by SHELTERING ARMS FOUNDATION

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632299349300828

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