2022-08-12T11:54:43-05:00 2021-09-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2020-10-01 541615599 SHELTERING ARMS FOUNDATION SHEL 8047641000 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 JOHN L MCELROY III PRESIDENT 8047641000 2022-08-11 1 JOHN MCELROY III XXX-XX-XXXX AMANDA ADAMS P00748038 8046735700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN L MCELROY III 8226 MEADOWBRIDGE ROAD MECHANICSVILLE VA 23116 11542533 0 X WWW.SHELTERINGARMS.COM X 1992 VA TO SUPPORT RELATED ORGANIZATIONS IN PROVIDING HEALTHCARE SERVICES. 19 19 0 0 598426 235186 3269979 8555185 0 0 7928972 2987348 0 0 11198951 11542533 34371930 10128082 0 0 0 0 0 0 1159951 5921781 4915338 40293711 15043420 -29094760 -3500887 175691612 205278403 2744021 0 172947591 205278403 X TO FUEL THE VISIONS OF SHELTERING ARMS PHYSICAL REHABILITATION CENTERS 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 INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND ORGANIZATIONS. 0 0 10195859 10128082 THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS PHYSICAL REHABILITATION CENTERS (INCLUDING OUR OUTPATIENT CENTERS AND 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) 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. EXAMPLES OF PROGRAMS SUPPORTED BY FY2021 DONATIONS: CAPITAL CAMPAIGN TO BUILD THE NEW SHELTERING ARMS INSTITUTE HOSPITAL BUILDING; PURCHASE NEW, ADVANCED THERAPEUTIC EQUIPMENT FOR THE RENOVATED HANOVER OUTPATIENT CENTER TO HELP IT BECOME A STATE-OF-THE-SCIENCE, REGIONAL DESTINATION REHABILITATION CENTER; PROVIDE MUSIC AND ART THERAPIES FOR CLUB REC DAY RECREATION PROGRAM; AND MORE. 10195859 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 19 19 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 W BATES CHAPPELL DIRECTOR 1.00 0.00 X 0 0 0 PATRICIA B CUSHNIE BSN MED DIRECTOR 1.00 4.00 X 0 0 0 BARBARA H DUNN PHD RN DIRECTOR 1.00 4.00 X 0 0 0 LAWRENCE E GIBSON DIRECTOR 2.00 3.00 X 0 0 0 ASHBY R HACKNEY DIRECTOR 1.00 4.00 X 0 0 0 RUSSELL B HARPER DIRECTOR 1.00 0.00 X 0 0 0 PAUL R KELLEY DIRECTOR 1.00 0.00 X 0 0 0 SARAH P PORTER 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 406029 31639 JAMES S LITSINGER CFO & TREASURER 5.00 20.00 X 0 393381 31100 KELLY DEL CAMPO MERRICKS SECRETARY 40.00 0.00 X 0 157269 26148 0 956679 88887 0 0 1 0 GLOBAL ENDOWMENT MANAGEMENT 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 INVESTMENT MANAGEMENT 841290 1 2113470 6441715 109814 8555185 -877423 -219188 -658235 3864771 0 3864771 3864771 817614 3047157 11542533 0 598426 2388922 10128082 10128082 15744 15744 3000 3000 1004285 1004285 119350 119350 20650 20650 71725 71725 21645 21645 73 73 6169 6169 48094 48094 763 763 INVESTMENT EXPENSES 2418381 2418381 SHARED SERVICES 1026256 134801 891455 UBI TAX 127143 127143 EVENTS 5509 5509 26551 19683 6868 15043420 10195859 3687610 1159951 1429328 900031 5626586 4901729 15527 4681455 31069 4651149 4650386 163984549 194810730 175691612 205278403 35495 2708526 2744021 0 X 167158488 200076753 5789103 5201650 172947591 205278403 175691612 205278403 -3500887 35831699 0 X 0 0 0 X 1900050 2673733 10250216 3269979 8555185 26649163 1900050 2673733 10250216 3269979 8555185 26649163 3917807 22731356 2662811 450384 2415801 3343800 0 8872796 69151 247287 841724 597426 1755588 37277547 0.60980 0.54050 X 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 14288 12069 2219 19000 19000 0 4650386 PRIVATE INVESTMENT FUNDS 194810730 F 194810730 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, 2021, 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) 9582056 EQUIPMENT AND CAPITAL PROJECT REHAB JV LLC DBA SHELTERING ARMS INSTITUTE 2000 WILKES RIDGE DR RICHMOND VA 23233 814446403 501(C)(3) 546026 RENOVATIONS AND EQUIPMENT 2 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. 0 0 0 0 0 0 0 0 0 JOHN L MCELROY III FOUNDATION PRESIDENT 0 269124 0 136905 0 0 0 12719 0 18920 0 437668 0 0 JAMES S LITSINGER CFO & TREASURER 0 241456 0 151925 0 0 0 12231 0 18869 0 424481 0 0 KELLY DEL CAMPO MERRICKS SECRETARY 0 132269 0 25000 0 0 0 7700 0 18448 0 183417 0 0 X 5 109814 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IS THE NUMBER OF CONTRIBUTIONS RECEIVED. 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 EXECUTIVES LISTED ARE EMPLOYEES OF THE RELATED ORGANIZATION SHELTERING ARMS HOSPITAL, AND 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. 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 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 383943959 INVESTMENT HOLDINGS NC SHELTERING ARMS FOUNDATION EXCLUDED 2515877 164556653 0 265297 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 1230000 CASH