2021-10-21T15:32:14-05:00 2020-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-01-01 570337132 BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY BISH 8434066298 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 SARAH TIPTON PRESIDENT/CEO 8434066298 2021-10-21 1 SARAH TIPTON XXX-XX-XXXX KERRI N BOGDA CPA P00760402 7177404863 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SARAH TIPTON 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 64703489 0 X WWW.BISHOPGADSDEN.ORG X 1943 SC OPERATION OF A FAITH-BASED RETIREMENT FACILITY PROVIDING HOUSING AND HEALTH CARE SERVICES 13 13 550 20 0 0 5986690 2988154 36356672 36028899 1541791 5939956 259662 133053 44144815 45090062 484565 473170 0 0 18170294 19800748 0 0 214882 19880212 20482677 38535071 40756595 5609744 4333467 240251184 253426353 186514941 198704947 53736243 54721406 X BISHOP GADSDEN, A LIFE CARE RETIREMENT COMMUNITY, EMBRACES GOD'S CALL TO MINISTRY. WE AFFIRM POSITIVE LIVING FOR ALL WHO LIVE AND WORK HERE. WE SERVE WITH INTEGRITY. WE EXERCISE WISE STEWARDSHIP. WE REACH OUT WITH A GENEROUS SPIRIT. 0 0 33247918 0 36028899 FOUNDED BY THE FOURTH EPISCOPAL BISHOP OF SOUTH CAROLINA IN 1850, BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY UPHOLDS THE TRADITION OF FAITH-BASED, NOT-FOR-PROFIT ORGANIZATIONS DEDICATED TO THE WELL-BEING OF THOSE PERSONS WHO, BECAUSE OF AGE, PERSONAL CONDITIONS, HEALTH AND THEIR EXPRESS DESIRE, CHOOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN IS A MISSION-DRIVEN, NON-PROFIT-DRIVEN, ORGANIZATION. IT HAS A LONG-TERM OBLIGATION TO ITS RESIDENTS AND IS COMMITTED TO REMOVING FINANCIAL BARRIERS TO RESIDENCY. ITS ROOTS IN THE GREATER CHARLESTON COMMUNITY SPAN OVER 171 YEARS AND, THROUGH THE YEARS, IT HAS RESPONDED TO SPECIFIC NEEDS OF THE GREATER COMMUNITY. IT HAS LONG BEEN OPEN TO ALL MEN AND WOMEN WITHOUT REGARD TO RACE, CREED, RELIGIONS, SEXUAL PREFERENCE, OR NATIONAL ORIGIN.RETIREMENT COMMUNITY: BISHOP GADSDEN SERVES APPROXIMATELY 500 SENIOR ADULTS, 62 YEARS OF AGE AND OLDER, RESIDING IN FOUR LEVELS OF CARE: INDEPENDENT COMMUNITY (268 UNITS), ASSISTED LIVING (69 UNITS), MEMORY SUPPORT (19 BEDS), AND SKILLED NURSING CARE (50 BEDS). BISHOP GADSDEN OPERATES TO MEET THE PRIMARY NEEDS OF SENIOR CITIZENS BY PROVIDING (1) RESIDENTIAL FACILITIES DESIGNED TO MEET PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF THE ELDERLY, (2) ACCESS TO HEALTH CARE SERVICES AS NEEDED, (3) ASSURANCE THAT THE ORGANIZATION IS RUN IN A FISCALLY RESPONSIBLE MANNER, AND (4) THE COMMITMENT OF FINANCIAL SECURITY TO ANY RESIDENT WHO RUNS OUT OF MONEY THROUGH NO FAULT OF HIS/HER OWN. 473170 473170 0 RESIDENT ASSISTANCE PROGRAM: BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850 TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION.SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED MORE THAN $5.16 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE A HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS WHO, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE, WHILE ALSO SUPPORTING OUTSIDE CHARITABLE ORGANIZATIONS.ALL RESIDENTS WHO ARE RECEIVING FINANCIAL SUPPORT OR ASSISTANCE ARE BETWEEN THE AGES OF 73-98. THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND CROSS ALL SOCIOECONOMIC LINES. THEIR QUALIFICATIONS RANGE FROM HAVING A PAST STRONG COMMITMENT TO THEIR CHURCH COMMUNITY THROUGH VOLUNTEERING TIME AND TALENTS, TO RESIDENTS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE CHARLESTON AREA THROUGH THEIR TIME OR TALENT. THEIR CONTRIBUTIONS MAY BE OF AN ARTISTIC NATURE, ONE OF PUBLIC SERVICE, OR THE ABILITY TO HAVE CREATED A POSITIVE PHILOSOPHICAL CHANGE. BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION. 0 0 0 CHARITABLE GIVING AND GENEROUS SPIRIT PROGRAMS: THROUGHOUT BISHOP GADSDEN'S EXISTENCE, A GIVING COMMITMENT HAS BEEN ON THE FOREFRONT RESULTING IN OVER $9,325,849 IN CHARITABLE CARE AND GIFTS BEING RAISED FOR AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY.THE CHARITABLE MISSION COMMITTEE'S NONPROFIT SELECTION CHAIR AND FELLOW RESIDENTS SELECT A SMALL GROUP (5 TO 7) OF NONPROFITS FROM A LIST OF 30 TO 40 NONPROFIT GRANT APPLICATIONS TO SUPPORT EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM STAFF, THE CHARITABLE MISSION COMMITTEE SETS A FUNDRAISING GOAL. IN 2020, THIS IMPORTANT COMMITTEE DISBURSED $140,059 IN CASH AND $93,206 IN IN-KIND ITEMS. THESE FUNDS WERE ALLOCATED AS FOLLOWS: $80,429 TO ONE80 PLACE, $55,429 TO JAMES ISLAND OUTREACH, $1,000 TO METANOIA, $1,100 TO HALLIE HILL ANIMAL SANCTUARY, AND $2,100 TO CHARLESTON PARKS FOUNDATION. TEAM MEMBERS DONATED OVER 350 TOYS TO TOYS FOR TOTS.IN ADDITION TO CHARITABLE CAUSES THAT SUPPORT OUTSIDE ORGANIZATIONS, RESIDENTS AND STAFF CONTRIBUTE TO THE STRONGHEART EMPLOYEE EDUCATION SCHOLARSHIP, WITH $77,253 BEING DISTRIBUTED TO EMPLOYEES FOR EDUCATION PURPOSES.RESIDENTS AND STAFF CONTRIBUTE TO MORE THAN 1,000 LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS - BISHOP GADSDEN'S CULINARY DEPARTMENT DONATED 20,552 LBS OF FOOD, EQUALING A GIFT OF $139,754 AND 30,828 MEALS. IN PAST YEARS BISHOP GADSDEN WAS ABLE TO PROVIDE SUPPORT TO THE LOCAL COMMUNITY BY ALLOWING FREE USE OF MEETING SPACE TO LOCAL CHARITIES, STUDENT INTERNSHIPS FROM LOCAL COLLEGES, TUTORING SERVICES TO THE NEIGHBORING MIDDLE SCHOOL, SPACE FOR AFTER-SCHOOL ACTIVITIES, PERFORMANCE SPACE FOR SCHOOLS AND OTHER LOCAL GROUPS, FOOD DONATIONS TO LOCAL FOOD BANKS, AND OTHER ACTIVITIES MEANT TO CEMENT THE ORGANIZATION'S RELATIONSHIP WITH THE LOCAL COMMUNITY. HOWEVER, DUE TO COVID-19, BISHOP GADSDEN WAS UNABLE TO HAVE OUTSIDE ORGANIZATIONS ON OUR CAMPUS. EXECUTIVE STAFF ALSO SIT ON COMMUNITY BOARDS SUCH AS ROPER ST. FRANCIS, VANTAGE POINT FOUNDATION, LOWCOUNTRY ASSOCIATION OF FUNDRAISING PROFESSIONALS, SEA ISLAND HABITAT FOR HUMANITY, AND LEADINGAGE SC. 33721088 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 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 0 0 0 0 0 0 0 0 1 108 0 550 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SARAH TIPTON CEO 8437623300 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 SARAH E H TIPTON CEO/PRESIDENT 50.00 X 301299 0 25154 LYNNE L KERRISON CFO 50.00 X 283978 0 28750 JONNA COOK DIRECTOR OF HEALTH SERVICES 40.00 X 157673 0 5191 JAMES A EPPER DIRECTOR OF CULINARY SERVICES 40.00 X 142690 0 11793 C WILLIAM TRAWICK CONSULTANT/FORMER PRES. 20.00 X 143184 0 0 DANIEL F LARRABEE DIRECTOR OF ENVIRONMENTAL SERVICES 40.00 X 135079 0 3740 BERNARD C KRAFSIG IT DIRECTOR 40.00 X 132406 0 2470 KIMBERLY BORTS DIRECTOR OF CHARITABLE GIVING 40.00 X 129938 0 3809 AARON D ROOP VP, OPERATIONS (BEGAN SEPT. '20) 50.00 X 79365 0 1230 BARBARA CHRISTIE CURRENT CHAIR 1.00 X X 0 0 0 MARGARET P BLACKMER BOARD MEMBER 1.00 X 0 0 0 BRIAN HUSSAIN SECRETARY/TREASURER 1.00 X X 0 0 0 CRAIG ASCHE BOARD MEMBER 1.00 X 0 0 0 ROBERT VINGI BOARD MEMBER 1.00 X 0 0 0 DR CHARLES C GEER BOARD MEMBER 1.00 X 0 0 0 DAVID BENNETT BOARD MEMBER 1.00 X 0 0 0 MELINDA LUCKA KELLEY BOARD MEMBER 1.00 X 0 0 0 BARBARA EDLUND BOARD MEMBER 1.00 X 0 0 0 HEYWARD CARTER JR BOARD MEMBER 1.00 X 0 0 0 NADINE LOMAX BOARD MEMBER 1.00 X 0 0 0 KATHERINE ROBINSON BOARD MEMBER 1.00 X 0 0 0 GREGORY L SMITH BOARD MEMBER 1.00 X 0 0 0 1505612 0 82137 11 1 1 0 SAMET CORPORATION 2457 AVIATION AVE CHARLESTON SC 29406 GENERAL CONTRACTOR 15862927 S K BURT CONSTRUCTION LLC 201 BAYBERRY RUN SUMMERVILLE SC 29485 CONSTRUCTION SERVICES 1903474 TURF TECHS LLC 127 HAMPTON HALL LN MONCKS CORNER SC 29461 LANDSCAPING SERVICES 540000 RAWLS CONSTRUCTION LLC 1199 STARLING RD HANAHAN SC 29410 CONTRACTOR 398831 CAROLINA CHILLERS INC PO BOX 50550 SUMMERVILLE SC 29485 HVAC CONTRACTORS 385345 19 1016713 1971441 18755 2988154 RESIDENT REVENUE 623000 36028899 36028899 36028899 1404382 1404382 100054 100054 36226 0 36226 36226 36226 23948403 10250 19265083 258050 4683320 -247800 4435520 4435520 67307 90294 -22987 -22987 BUILDING SERVICES 900099 35023 35023 LATE CHARGES 900099 29053 29053 POSTAGE SALES 900099 14584 14584 41154 41154 119814 45090062 36028899 0 6077929 12710 12710 460460 460460 719775 591124 121898 6753 15139892 12433827 2564025 142040 528565 434091 89515 4959 1960637 1610197 332045 18395 1451879 1192374 245884 13621 6944 6944 50750 50750 5074 5074 123670 123670 732863 425153 305510 2200 200468 200468 2334525 1569086 749567 15872 422468 421678 790 3672620 3672163 457 47452 30267 17182 3 1422380 1422380 7578403 7250113 328290 956719 956719 FOOD & BEVERAGE 2053030 2047657 198 5175 MEDICAL EXPENSES 346751 346751 LICENSES AND TAXES 120298 8828 111470 EDUCATION 111117 18525 92118 474 297145 195382 97163 4600 40756595 33721088 6820625 214882 7602646 8007027 1485355 3507612 2198027 715054 1065430 430147 169019 193248 410523 534592 225279999 72209544 133012620 153070455 69697164 86968218 23562342 1048058 0 240251184 253426353 3445526 7333720 46293608 50508711 96015631 92355054 2368048 40760176 46139414 186514941 198704947 X 36450206 35386141 17286037 19335265 53736243 54721406 240251184 253426353 X 4333467 345925 -3694229 X 0 1 X 1 0 X 869811 1557054 1958913 6001690 2988154 13375622 31477519 34135858 35574912 36356672 36028899 173573860 32347330 35692912 37533825 42358362 39017053 186949482 18348 233712 40500 292560 1050490 1420572 2594812 5648516 10714390 1050490 1438920 2828524 5689016 11006950 175942532 882970 993492 1066362 934328 1540662 5417814 882970 993492 1066362 934328 1540662 5417814 940803 137674 254589 262075 187121 1782262 34171103 36824078 38854776 43554765 40744836 194149558 0.90620 0.92930 0.02790 0.02690 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FORFEITURES TERM INC MISC - 2016 AMOUNT: $ 940,803. MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 52,511. 2018 AMOUNT: $ 117,530. 2019 AMOUNT: $ 110,044. 2020 AMOUNT: $ 20,555. CHAPEL SERVICES FEE - 2017 AMOUNT: $ 4,000. 2018 AMOUNT: $ 6,750. 2019 AMOUNT: $ 3,303. 2020 AMOUNT: $ 350. TOBACCO SURCHARGE REV - 2017 AMOUNT: $ 4,130. 2018 AMOUNT: $ 2,535. 2019 AMOUNT: $ 2,715. 2020 AMOUNT: $ 860. POSTAGE SALES - 2017 AMOUNT: $ 6,970. 2018 AMOUNT: $ 8,664. 2019 AMOUNT: $ 9,012. 2020 AMOUNT: $ 14,584. CLINIC HOURS INCOME - 2017 AMOUNT: $ 10,050. 2018 AMOUNT: $ 2,746. INDEPENDENT LIVING - 2017 AMOUNT: $ 16,801. 2018 AMOUNT: $ 5,975. 2019 AMOUNT: $ 6,389. 2020 AMOUNT: $ 11,089. PARKING - 2017 AMOUNT: $ 10,300. 2018 AMOUNT: $ 10,700. 2019 AMOUNT: $ 9,200. 2020 AMOUNT: $ 8,300. LATE CHARGES - 2017 AMOUNT: $ 32,912. 2018 AMOUNT: $ 23,801. 2019 AMOUNT: $ 15,887. 2020 AMOUNT: $ 29,053. GROSS SALES OF INVENTORY - 2018 AMOUNT: $ 75,888. 2019 AMOUNT: $ 102,067. 2020 AMOUNT: $ 67,307. WORKERS COMP REBATES - 2019 AMOUNT: $ 3,458. BUILDING SERVICES - 2020 AMOUNT: $ 35,023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5074 5074 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO LEADINGAGE AND LEADINGAGE SC, ORGANIZATIONS WHICH ADVOCATE FOR SENIOR CITIZENS. PORTIONS OF THE DUES PAID ARE ALLOCATED TO LOBBYING EXPENSES. 6252315 38914 522788 7500 6806517 5733820 71295 574700 127500 6252315 5854200 47233 -159613 8000 5733820 5306975 140970 412255 6000 5854200 5105737 49143 158095 6000 5306975 0.00000 0.68760 0.31240 0 0 6388356 6388356 166755622 62611961 104143661 20393679 9045776 11347903 31742342 551807 31190535 153070455 GIFT ANNUITIES 344743 OTHER LIABILITIES 430837 REFUNDABLE ENTRANCE FEES 42735540 RENTAL DEPOSITS 1200 DERIVATIVE FINANCIAL INSTRUMENT 2627094 46139414 41708382 345925 -3817899 -3471974 45180356 -90294 -90294 45090062 40723219 90294 90294 40632925 123670 123670 40756595 PART V, LINE 4: THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE AND GROW CAPITAL, STRIVE FOR CONSISTENT ABSOLUTE RETURNS, PRESERVE PURCHASING POWER BY STRIVING FOR LONG-TERM RETURNS WHICH EITHER MATCH OR EXCEED THE SET PAYOUT, CONTROL FEES AND INFLATION WITHOUT PUTTING THE PRINCIPAL VALUE AT PRUDENT RISK, AND DIVERSIFY INVESTMENTS CONSISTENT WITH COMMONLY ACCEPTED INDUSTRY STANDARDS TO MINIMIZE THE RISK OF LARGE LOSSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -19,077. INVESTMENT FEES -123,670. CHANGE IN VALUE OF INTEREST SWAP -3,675,152. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -90,294. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 90,294. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 123,670. 1 FINANCIAL ASSISTANCE 9 460460 PART I, LINE 2: FINANCIAL ASSISTANCE IS GIVEN TO RESIDENTS WHO QUALIFY FOR RESIDENCY IN EVERY WAY EXCEPT FINANCIAL. ALL PROSPECTIVE RESIDENTS SEEKING FINANCIAL ASSISTANCE UNDERGO THE SAME SCREENING THAT ALL OTHER PROSPECTIVE RESIDENTS DO. IF A CURRENT RESIDENT SEEKS FINANCIAL ASSISTANCE, BISHOP GADSDEN REQUIRES AN UPDATE OF HIS/HER CONFIDENTIAL FINANCIAL INFORMATION. WE MAY ALSO REQUIRE FURTHER DOCUMENTS IN THE FORM OF TAX RETURNS AND/OR BANK STATEMENTS. A RESIDENT IS NEVER ASKED TO LEAVE BISHOP GADSDEN IF HE/SHE OUTLIVES RESOURCES THROUGH NO FAULT OF HIS/HER OWN. X X X 0 1 0 0 0 0 0 1 0 SARAH E H TIPTON CEO/PRESIDENT 261731 0 25000 0 14568 0 19500 0 5654 0 326453 0 0 0 LYNNE L KERRISON CFO 224615 0 25000 0 34363 0 19500 0 9250 0 312728 0 0 0 JONNA COOK DIRECTOR OF HEALTH SERVICES 127928 0 20126 0 9619 0 0 0 5191 0 162864 0 0 0 JAMES A EPPER DIRECTOR OF CULINARY SERVICES 123474 0 10000 0 9216 0 0 0 11793 0 154483 0 0 0 C WILLIAM TRAWICK CONSULTANT/FORMER PRES. 143184 0 0 0 0 0 0 0 0 0 143184 0 0 0 PART I, LINE 4B SARAH E. H. TIPTON (CEO/PRESIDENT) AND LYNNE KERRISON (CFO) PARTICIPATE IN A 457(B) DEFERRED COMPENSATION PLAN. AT THE END OF THE YEAR, THE TOTAL AMOUNT OF EMPLOYER CONTRIBUTIONS TO THE 457(B) PLANS WERE $19,500 AND $19,500, RESPECTIVELY. THIS COMPENSATION IS REFLECTED AS PART OF THE DEFERRED COMPENSATION REPORTED ON FORM 990, PART VII AND IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 THE RESIDENTS CONTRIBUTE MONEY TO THE ANNUAL APPRECIATION FUND. BASED ON THE AMOUNT RAISED A DOLLAR VALUE IS GIVEN TO EACH FULL TIME HOURLY EMPLOYEE - A PRO-RATED AMOUNT IS GIVEN TO EMPLOYEES NOT FULL TIME. THE BOARD OF TRUSTEES APPROVES A DOLLAR AMOUNT OF BONUS (TOTAL BONUS POOL) TO SALARIED STAFF AND SOME HOURLY STAFF (OVER AND ABOVE THE EMPLOYEE APPRECIATION AMOUNT) - THE BONUS TO THE CEO IS RECOMMENDED BY THE BOARD. THE OPERATIONAL RESULTS OF BISHOP GADSDEN IS A PRIMARY DRIVER OF THE BONUS POOL, ALONG WITH OPERATIONAL DIFFICULTIES, BUDGET BENCHMARKS, FEEDBACK FROM RESIDENTS, ETC. THE CEO ALONG WITH INPUT FROM MANAGEMENT STAFF AND HR DETERMINES THE AMOUNT OF BONUS TO SALARIED STAFF. THIS IS BASED UPON NON-FINANCIAL METRICS AND THE RESULTS OF OPERATIONS. THE DISCUSSION IS DOCUMENTED IN THE BOARD MINUTES. A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2014-05-07 56563209 REFUNDING OF SERIES 2002 AND CONSTRUCTION OF QUAY APARTMENT BUILDINGS 0 0 0 B SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2016-07-28 11162500 TO REFUND THE SERIES 2002F1 BONDS 0 0 0 C SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2017-04-03 12015486 REFUNDING OF SERIES 2007 BOND ISSUE 0 0 0 D SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031ZA4 2019-12-20 105981487 CONSTRUCTION COSTS ASSOCIATED WITH REPOSITIONING PROJECT 0 0 0 A 34627812 56563209 660000 42791783 13111426 2015 1 0 1 1 B 3627868 11162500 162181 11000319 2016 1 0 1 1 C 3295878 12015486 165486 11850000 2017 1 0 1 1 D 106081541 4505200 3073951 1398828 95785348 1257718 60496 2020 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/28/2017 SCHEDULE K, BOND ISSUE D, PART II, LINE 3: THE AMOUNT OF PROCEEDS ON PART II, LINE 3, DIFFERS FROM THE FACE VALUE OF THE BONDS IN PART I DUE TO INVESTMENT EARNINGS EARNED DURING THE PROJECT PERIOD. FORM 990, PART VI, SECTION B, LINE 11B AN INTERNAL REVIEW WAS PERFORMED BY THE ORGANIZATION'S ADMINISTRATIVE TEAM. A COPY OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR THEIR REVIEW BEFORE FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE POLICY COVERS FAMILIES AND BUSINESS RELATIONSHIPS AS POTENTIAL SOURCES OF CONFLICT. AFTER THE STATEMENTS ARE TURNED IN, THEY ARE REVIEWED BY THE CHAIRMAN OF THE BOARD AND THE PRESIDENT/CEO. SHOULD A CONFLICT BE NOTED, THE CHAIRMAN AND PRESIDENT/CEO EITHER ASK THE BOARD MEMBER TO RESOLVE THE CONFLICT OR RECUSE HIM OR HERSELF FROM VOTING ON MATTERS WHERE THE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE SENIOR LIVING INDUSTRY, THE BOARD OF TRUSTEES REVIEWS 990 DATA AND ASSOCIATION PUBLICATIONS. THE BOARD ALSO QUESTIONS LEADING CONSULTANTS IN OUR INDUSTRY AND PERFORMS SALARY REVIEWS. ALL DISCUSSIONS REGARDING COMPENSATION ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -19,077. CHANGE IN VALUE OF INTEREST RATE SWAP -3,675,152.