2024-11-13T12:47:35-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 520796219 CORPORATION FOR THE RELIEF OF WIDOWS & CHILD OF CLERGY OF PROT EPISC CHURCH CORP 4104671399 4 E UNIVERSITY PARKWAY BALTIMORE MD 212182490 THE REV DAVID WACASTER BOARD PRESIDENT 4104671399 2024-11-13 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-11-13 2023 2024-10-15 13:58:12Z THE REV DAVID WACASTER 4 E UNIVERSITY PARKWAY BALTIMORE MD 212182490 10567396 0 X N/A X 1784 MD PROVIDE ANNUITIES AND GRATUITIES TO WIDOWS & CHILDREN OF THE PROTESTANT EPISCOPAL CHURCH IN MARYLAND. 9 9 4 9 0 0 300 0 17290 12550 1313359 1178618 5188 31278 1336137 1222446 0 518569 0 0 156885 141769 0 0 0 980054 694207 1136939 1354545 199198 -132099 35513175 40836730 7723884 9252263 27789291 31584467 X THE PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE A FUND FOR THE RELIEF OF THE SURVIVING SPOUSES, DOMESTIC PARTNERS AND DEPENDENTS OF DECEASED CLERGY OF THE EPISCOPAL CHURCH IN THE STATE OF MARYLAND AND THE DISTRICT OF COLUMBIA. 1 1 936567 518569 12550 PROVIDED ANNUITIES AND GRATUITIES TO SURVIVING SPOUSES, DOMESTIC PARTNERS AND DEPENDENTS OF DECEASED CLERGY OF THE PROTESTANT EPISCOPAL CHURCH IN MD AND DC. ONE HUNDRED AND TWENTY TOTAL ANNUITIES, SEVENTEEN DEATH BENEFITS AND NINETY-EIGHT GRATUITIES WERE PAID IN THE CURRENT YEAR. 936567 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 120 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X RACHEL ERDMAN 4104671399 4 EAST UNIVERSITY PARKWAY BALTIMORE MD 21218 X THE REV CHARLES OSBERGER PRESIDENT (THRU 05/23), BOARD MEMBER - DIOCESE O 2.00 X X 0 0 0 THE REV DAVID WACASTER PRESIDENT 4.00 X X 0 0 0 THE REV DEREK MILLER SECRETARY/TREASURER (THRU 06/23) 2.00 X X 0 0 0 THE REV LAUREN BLOOM SECRETARY/TREASURER (AS OF 06/23) 3.00 X X 0 0 0 THE REV KEVIN CROSS BOARD MEMBER, DIOCESE OF EASTON 1.00 X 0 0 0 THE REV MEREDITH HEFFNER BOARD MEMBER, DIOCESE OF WASHINGTON 1.00 X 0 0 0 THE REV GLENNA HUBER VICE-PRESIDENT, DIOCESE OF WASHINGTON 2.00 X 0 0 0 THE REV LISA BORNT BOARD MEMBER, DIOCESE OF MARYLAND 1.00 X 0 0 0 THE REV J JOSEPH HART BOARD MEMBER, DIOCESE OF MARYLAND 1.00 X 0 0 0 THE REV VAUGHN VIGIL BOARD MEMBER, DIOCESE OF MARYLAND 1.00 X 0 0 0 THE REV MARILYN JENKINS BOARD MEMBER, DIOCESE OF WASHINGTON 1.00 X 0 0 0 THE REV MARK DELCUZE BOARD MEMBER, DIOCESE OF EASTON 1.00 X 0 0 0 0 0 0 0 0 0 0 WILMINGTON TRUST ONE LIGHT STREET 14TH FLOOR BALTIMORE MD 21202 INVESTMENT MANAGER 228268 1 MEMBERSHIP DUES 900099 12550 12550 12550 596845 596845 9926723 9344950 581773 581773 581773 MISCELLANEOUS INCOME 900099 31278 31278 31278 1222446 12550 0 1209896 518569 518569 113284 56642 56642 19674 9200 10474 8811 2156 6655 19095 19095 26251 26251 228268 228268 12832 12832 11205 11205 5866 5866 18000 18000 5719 5719 13639 13639 3332 3332 ANNUITY/DEATH BENEFIT E 350000 350000 1354545 936567 417978 0 105995 127709 1954473 1679143 71850 67759 33380857 38962119 35513175 40836730 34455 33639 7689429 9218624 7723884 9252263 X 27789291 31584467 27789291 31584467 35513175 40836730 X -132099 5456470 -1529195 X 0 1 X 1 0 X 0 PRESENT VALUE OF FUTURE ANNUITY PAYMENTS 9218624 9218624 X 6450648 5456470 5456470 994178 228268 228268 1222446 2655472 1529195 1529195 1126277 228268 228268 1354545 PART X, LINE 2: THE CORPORATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. AS OF DECEMBER 31, 2023 AND 2022, IT BELIEVES THAT THE TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL POSITION, CHANGES IN ITS NET ASSETS, OR CASH FLOWS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF FUTURE ANNUITY PAYMENTS 1,529,195. 1 GRATUITIES - STANDARD OF LIVING ASSISTANCE 22 518569 N/A N/A PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO INDIVIDUALS (BENEFICIARIES) BASED ON NEED. PROCESS: REQUEST IS MADE FOR FINANCIAL ASSISTANCE, WITH JUSTIFYING DOCUMENTATION (REPAIR ESTIMATES, MEDICAL BILLS, ETC.). REQUEST IS SUBMITTED TO BOARD OF MANAGERS FOR APPROVAL. IF APPROVED, ASSISTANCE IS PROVIDED EITHER DIRECTLY TO THE VENDOR ON THE BENEFICIARY'S BEHALF, OR AS A REIMBURSEMENT TO THE BENEFICIARY. WE DO NOT HAVE ANY BENEFICIARIES THAT RECEIVE ASSISTANCE OUTSIDE THE UNITED STATES. FORM 990, PART III, LINE 2 THE CORPORATION ADDED A $10,000 DEATH BENEFIT PAYABLE TO THE MEMBERS IF THEIR SPOUSE/DOMESTIC PARTNER DIES. FORM 990, PART III, LINE 3 IN 2023, THE CORPORATION ELECTED (AND THE IRS APPROVED) RAISING THE ANNUAL ANNUITY AMOUNT FROM $1,500 TO $2,064, BEGINNING WITH THE JANUARY 2024 ANNUITY PAYMENT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE COMPRISES THE PRESIDENT, VICE-PRESIDENT, AND TREASURER. THEY ARE AUTHORIZED TO APPROVE GRATUITY REQUESTS UP TO $2,000. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH CONSIST OF THE CLERGY CANONICALLY RESIDENT IN THE EPISCOPAL DIOCESES OF WASHINGTON, MARYLAND, AND EASTON, AS WELL AS NON-EPISCOPAL CLERGY SERVING EPISCOPAL ORGANIZATIONS OR PARISHES IN CORPORATION DIOCESES. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING, MEMBERS OF EACH DIOCESE NOMINATE A MEMBER OF THEIR DIOCESE TO REPRESENT THEM ON THE BOARD. THE ENTIRE MEMBER BODY THEN VOTES ON THESE MEMBERS TO BE A PART OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS WHO ATTEND THE ANNUAL MEETING HAVE VOTING RIGHTS ON THOSE MATTERS COMING BEFORE THE MEETING ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE MEMBERS OF THE BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. FORM 990, PART VI, SECTION B, LINE 15 NO OFFICER OF THE CORPORATION RECEIVES COMPENSATION. THERE ARE FOUR EMPLOYEES; EACH IS CONSIDERED KEY TO THE OPERATION OF THE CORPORATION. EMPLOYEE REVIEWS ARE CONDUCTED AND DOCUMENTED BY THE VICE-PRESIDENT AND THE EXECUTIVE DIRECTOR. THE ENTIRE BOARD REVIEWS AND APPROVES THE SALARY RECOMMENDATIONS AT ITS ANNUAL COMPENSATION REVIEW MEETING IN NOVEMBER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF FUTURE ANNUITY PAYMENTS -1,529,195. EPISCOPAL DIOCESE OF MARYLAND 4 EAST UNIVERSITY PARKWAY BALTIMORE MD 21218 520591545 RELIGIOUS MD 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0