2023-08-14T13:13:28-05:00 2022-09-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2021-10-01 541615599 SHELTERING ARMS FOUNDATION SHEL 8047641000 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 JOHN L MCELROY III PRESIDENT 8047641000 2023-08-11 1 JOHN MCELROY III XXX-XX-XXXX PAULA WENDLING P00536805 8046735700 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOHN L MCELROY III 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 26560815 0 X WWW.SHELTERINGARMS.COM X 1992 VA TO SUPPORT RELATED ORGANIZATIONS IN PROVIDING HEALTHCARE, WELLNESS, AND COMMUNITY SUPPORT SERVICES. 16 16 0 0 1504344 1083955 8555185 3443473 0 0 2987348 23116003 0 1339 11542533 26560815 10128082 13591684 0 0 0 597343 0 0 830741 4915338 4934865 15043420 19123892 -3500887 7436923 205278403 174112507 0 0 205278403 174112507 X TO FUEL THE VISIONS OF SHELTERING ARMS HOSPITAL AND SHELTERING ARMS INSTITUTE BY BUILDING COMMUNITY PHILANTHROPIC SUPPORT, BY STEWARDING OUR INVESTMENT PORTFOLIO TO REINVEST IN THOSE MISSIONS, AND BY ENHANCING COMMUNITY RELATIONS WITH (CONTINUED ON SCH O)INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND ORGANIZATIONS. 0 0 13749206 13591684 0 THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS HOSPITAL COMMUNITY-BASED PARTNER FOR LIFE PROGRAMS: CLUB REC, NEUROFIT, POWEREX, AND SPECIALIZED FITNESS PROGRAMS) AND SHELTERING ARMS INSTITUTE (A 114-BED INPATIENT PHYSICAL REHABILITATION HOSPITAL AND OUTPATIENT CENTERS) 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. (CONTINUED ON SCH O)EXAMPLES OF PROGRAMS SUPPORTED BY FY2022 DONATIONS: CAPITAL CAMPAIGN TO BUILD THE NEW SHELTERING ARMS INSTITUTE HOSPITAL BUILDING AND THERAPEUTIC "BRIDGE GARDEN" WHICH ALLOWS RESTORATIVE ACCESS TO NATURE AS WELL AS A TRAIL FOR PATIENTS TO LEARN TO NAVIGATE DIFFERENT TYPES OF WALKING SURFACES; PURCHASE OF NEW, ADVANCED THERAPEUTIC EQUIPMENT FOR THE RENOVATED AND EXPANDED EAST LABURNUM OUTPATIENT CENTER TO HELP PROVIDE ACCESS TO MULTIPLE THERAPEUTIC DISCIPLINES (PT, OT, AND SPEECH) IN THAT COMMUNITY; CLINICAL SCIENCE RESEARCH INITIATIVES; MUSIC THERAPY FOR INPATIENTS AND CLUB REC MEMBERS; EXPRESSIVE ARTS FOR CLUB REC MEMBERS; AND MORE. 13749206 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X JAMES S LITSINGER CFO 8043424340 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 THEODORE W PRICE CHAIRMAN 2.00 5.00 X X 0 0 0 PETER H BOWLES VICE CHAIRMAN 1.00 4.00 X X 0 0 0 RICHARD M BAGBY DIRECTOR 1.00 0.00 X 0 0 0 GINA P BASS DIRECTOR 1.00 0.00 X 0 0 0 ANDY H BENNETT DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL W BOR DIRECTOR 1.00 0.00 X 0 0 0 CHARLES M CARAVATI III DIRECTOR 1.00 0.00 X 0 0 0 PATRICIA B CUSHNIE BSN MED DIRECTOR 1.00 3.00 X 0 0 0 BARBARA H DUNN PHD RN DIRECTOR 1.00 4.00 X 0 0 0 LAWRENCE E GIBSON DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL B HARPER DIRECTOR 1.00 0.00 X 0 0 0 RICK KELLEY DIRECTOR 1.00 0.00 X 0 0 0 LISA TAYLOR POWELL DIRECTOR 1.00 0.00 X 0 0 0 SUE H SCHUTT DIRECTOR 1.00 0.00 X 0 0 0 LATASIA S TURPIN DIRECTOR 1.00 0.00 X 0 0 0 LESLIE G WYATT RN DIRECTOR 1.00 0.00 X 0 0 0 JOHN L MCELROY III FOUNDATION PRESIDENT 40.00 0.00 X 0 357558 31981 JAMES S LITSINGER TREASURER 1.00 14.00 X 0 416032 31180 KELLY DEL CAMPO MERRICKS SECRETARY 40.00 0.00 X 0 165531 26580 0 939121 89741 0 0 1 0 GLOBAL ENDOWMENT MANAGEMENT 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 INVESTMENT MANAGEMENT 1057620 1 1346361 2097112 204450 3443473 3950605 828106 3122499 19165398 0 19165398 19165398 676238 18489160 1339 1339 1339 26560815 0 1504344 21612998 13591684 13591684 597343 597343 3635 3635 1070070 1070070 125947 125947 29748 29748 51768 51768 24222 24222 2513 2513 11953 11953 117884 117884 670 670 INVESTMENT EXPENSES 2750309 2750309 SHARED SERVICES 554324 0 554324 UBI TAX 126223 126223 SPONSORSHIPS 38473 38473 27126 1165 25961 19123892 13749206 4543945 830741 900031 246692 4901729 2250510 15527 38998 4677108 27392 4650386 4649716 194810730 166926591 205278403 174112507 0 0 X 200076753 171890816 5201650 2221691 205278403 174112507 205278403 174112507 7436923 -38602819 0 X 0 1 X 0 0 X 2673733 10250216 3269979 8555185 3443473 28192586 2673733 10250216 3269979 8555185 3443473 28192586 5089153 23103433 450384 2415801 3343800 0 3122499 9332484 0 0 182142 235186 1083955 1501283 1339 1339 39027692 0.59200 0.60980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 1,339. PART I - REASON FOR PUBLIC CHARITY STATUS: THE FOUNDATION IS CLASSIFIED AS TYPE II SUPPORTING ORGANIZATION WITHIN THE MEANING OF IRC SECTION 509(A)(3). THE FOUNDATION IS ALSO DESCRIBED IN IRC SECTION 170(B)(1)(A)(VI). IN ORDER TO USE THE SPECIAL RULE FOR PURPOSES OF SCHEDULE B REPORTING, THE FOUNDATION HAS CHECKED THE BOX FOR LINE 7 AND COMPLETED PART II. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4648167 4648167 9941 8392 1549 19000 19000 0 4649716 PRIVATE INVESTMENT FUNDS 166926591 F 166926591 X PART X, LINE 2: THE CORPORATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. GAAP REQUIRES THE CORPORATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CORPORATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE CORPORATION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR AN ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CORPORATION IS SUBJECT TO AUDIT BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 SHELTERING ARMS CORPORATION 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 541615598 501(C)(3) 9193722 0 EQUIPMENT AND CAPITAL PROJECT REHAB JV LLC DBA SHELTERING ARMS INSTITUTE 2000 WILKES RIDGE DR RICHMOND VA 23233 814446403 501(C)(3) 347962 0 RENOVATIONS AND EQUIPMENT SHELTERING ARMS HOSPITAL 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 540505955 501(C)(3) 4050000 0 GENERAL SUPPORT 3 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF ALL GRANTS GIVEN. FOR GRANTS MADE TO RELATED ORGANIZATIONS, THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. FOR GRANTS MADE TO OTHER COMMUNITY PROGRAMS, NO FURTHER MONITORING IS DEEMED NECESSARY DUE TO THE RELATIVELY MODEST AMOUNT OF THE GRANTS AND THE REPUTATION OF THE GRANTEES FOR PROVIDING AID TO POPULATIONS IN NEED OF ASSISTANCE. X X X 0 0 0 0 0 0 0 0 0 JAMES S LITSINGER TREASURER 0 263303 0 150409 0 2320 0 13000 0 18180 0 447212 0 0 JOHN L MCELROY III FOUNDATION PRESIDENT 0 270250 0 81088 0 6220 0 13000 0 18981 0 389539 0 0 KELLY DEL CAMPO MERRICKS SECRETARY 0 134778 0 30359 0 394 0 8110 0 18470 0 192111 0 0 PART I, LINE 3 THE FOUNDATION'S PRESIDENT IS EMPLOYED BY SHELTERING ARMS HOSPITAL. REFER TO 990, PART VI, SECTION B, LINES 15A AND 15B FOOTNOTE FOR A DESCRIPTION OF THE PROCESS. X 1 204450 FMV 0 0 0 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPORTED IS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 15 AND PART IX, LINE 5: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. ALL INDIVIDUALS PROVIDING SERVICES TO THE ORGANIZATION ARE EMPLOYED BY SHELTERING ARMS HOSPITAL ("SAH"). IN ACCORDANCE WITH THE 990 INSTRUCTIONS, THE AMOUNT PAID BY THE ORGANIZATION TO SAH TO REIMBURSE FOR THE SERVICES OF OFFICERS OF THE ORGANIZATION HAS BEEN REPORTED ON PART IX, LINE 5 (AND THEREFORE PART I, LINE 15). FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, THE RELATED ORGANIZATION SHELTERING ARMS CORPORATION, EIN 54-1615598. FORM 990, PART VI, SECTION A, LINE 7A SHELTERING ARMS CORPORATION AS SOLE MEMBER HAS THE POWER TO APPOINT THE BOARD OF SHELTERING ARMS FOUNDATION PER THE ORGANIZATION BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 AND APPLICABLE ATTACHMENTS WAS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION SHELTERING ARMS HOSPITAL AND TO ALL BOARD MEMBERS OF THE SHELTERING ARMS FOUNDATION, EITHER IN ELECTRONIC FORMAT OR BY MAIL. AN OPEN COMMENT AND QUESTION PERIOD WAS WELCOMED TO DIRECT ANY QUESTIONS OR COMMENTS BEFORE FILING THE FORM 990 AND ITS RELATED ATTACHMENTS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A COPY OF THE CONFLICT-OF-INTEREST POLICY ANNUALLY. ANY CONFLICTS ARE DISCLOSED AT THAT TIME, AND THE SIGNED POLICY IS KEPT ON FILE BY THE ORGANIZATION. THE DIRECTOR WITH THE CONFLICT MUST ABSTAIN FROM VOTING ON ANY MATTER THAT RELATES TO THE IDENTIFIED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATED OFFICERS LISTED IN PART VII ARE EMPLOYED BY SHELTERING ARMS HOSPITAL. DEPENDING ON THE INDIVIDUAL, EITHER SHELTERING ARMS HOSPITAL OR SHELTERING ARMS FOUNDATION UTILIZES THE SERVICES OF AN INDEPENDENT, EXTERNAL COMPENSATION FIRM TO CONDUCT A REVIEW OF ITS EXECUTIVE COMPENSATION PROGRAM TO ENSURE THE EXECUTIVE COMPENSATION LEVELS ARE COMPETITIVE AND REASONABLE. SHELTERING ARMS COMPENSATION WAS MEASURED AGAINST HEALTHCARE ORGANIZATIONS SIMILAR IN SCOPE AND SCALE USING DATA FROM SIX EXTERNAL MARKET SURVEY SOURCES AS THE COMPARATIVE BASIS; BOTH BASE SALARY AND TOTAL CASH COMPENSATION WERE EVALUATED. THE COMPETITIVE ANALYSIS FINDINGS WERE PRESENTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WHO EXAMINED AND APPROVED THEM. IN ADDITION, 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. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, SHELTERING ARMS FOUNDATION WILL MAKE AVAILABLE FOR PUBLIC INSPECTION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, RELATED POLICIES, AND FINANCIAL STATEMENTS. SAF LAND HOLDINGS LLC 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 HOLD REAL ESTATE VA 0 4648167 SHELTERING ARMS FOUNDATION SHELTERING ARMS HOSPITAL 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 540505955 PHYSICAL REHABILITATION VA 501(C)(3) LINE 10 SHELTERING ARMS CORPORATION 0 SHELTERING ARMS HOSPITAL SOUTH 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 352258075 PHYSICAL REHABILITATION VA 501(C)(3) LINE 10 SHELTERING ARMS CORPORATION 0 PALMYRA REHABILITATION CORPORATION 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 541615601 PHYSICAL REHABILITATION VA 501(C)(3) LINE 12B, II SHELTERING ARMS CORPORATION 0 SHELTERING ARMS CORPORATION 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 541615598 PHYSICAL REHABILITATION VA 501(C)(3) LINE 12B, II N/A 0 SAF INVESTMENT HOLDINGS LP 224 W TREMONT AVE CHARLOTTE NC 28203 383943959 INVESTMENT HOLDINGS NC SHELTERING ARMS FOUNDATION EXCLUDED 22733726 175766562 0 1285794 0 1.00000 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 SAF INVESTMENTS HOLDINGS LP S 1786000 CASH