2020-12-14T14:25:33-06:00 2020-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-07-01 561762654 HOLY ANGELS FOUNDATION INC HOLY 7048254161 PO BOX 710 BELMONT NC 28012 REGINA P MOODY PRESIDENT/CEO 7048254161 2020-12-07 1 AMANDA ADAMS P00748038 7043771678 2019 2022-09-23 18:48:47Z REGINA P MOODY PO BOX 710 BELMONT NC 28012 11125179 0 X WWW.HOLYANGELSNC.ORG X 1956 NC THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE CHARITABLE AND RELIGIOUS ACTIVITIES ON BEHALF OF ITS PARENT ORGANIZATION, HOLY ANGELS, INC. 21 21 0 450 0 0 4729857 2437532 0 0 1047421 115324 -66941 -77794 5710337 2475062 2239330 2700187 0 0 0 0 0 0 584948 723043 812094 2962373 3512281 2747964 -1037219 23732024 22815878 15645 173035 23716379 22642843 FUNDING, FUNDRAISING, AND ADMINISTRATIVE SUPPORT PROVIDED TO OR ON BEHALF OF HOLY ANGELS SERVICES, INC. FOR COMPREHENSIVE RESIDENTIAL SERVICES AND MEDICAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. 0 0 2700187 2700187 FUNDING, FUNDRAISING, AND ADMINISTRATIVE SUPPORT PROVIDED TO OR ON BEHALF OF HOLY ANGELS, INC. AND HOLY ANGELS SERVICES, INC. FOR COMPREHENSIVE RESIDENTIAL SERVICES AND MEDICAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. 2700187 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X MICHAEL C GIANG 7048254161 HOLY ANGELS FOUNDATION PO BOX 710 BELMONT NC 28012 REV ROB F HINMAN CHAIR 0.50 1.50 X X 0 0 0 LYNN LEONARD VICE CHAIR 0.50 1.50 X X 0 0 0 MAGGIE BAUCOM MEMBER 0.50 1.50 X 0 0 0 MICHAEL DEELY MEMBER 0.50 1.50 X 0 0 0 JOHN DICKENSON MEMBER 0.50 1.50 X 0 0 0 LAWRENCE M EICHORN MEMBER 0.50 1.50 X 0 0 0 CONOR GALLAGHER MEMBER 0.50 1.50 X 0 0 0 JOHN GANNON MEMBER 0.50 1.50 X 0 0 0 BILL GARY MEMBER 0.50 1.50 X 0 0 0 CLAUDINA GHIANNI-TOOLE MEMBER 0.50 1.50 X 0 0 0 TIM GUNDERMAN MEMBER 0.50 1.50 X 0 0 0 DR DOCIA HICKEY MEMBER 0.50 1.50 X 0 0 0 HANS L LENGERS MEMBER 0.50 1.50 X 0 0 0 ASHLEY LONG MEMBER 0.50 1.50 X 0 0 0 TOM MCKITTRICK MEMBER 0.50 1.50 X 0 0 0 CLAY MCLEAN MEMBER 0.50 1.50 X 0 0 0 PAUL POLKING MEMBER 0.50 1.50 X 0 0 0 DR WILLIAM C RICE MEMBER 0.50 1.50 X 0 0 0 DONALD R SHEW MEMBER 0.50 1.50 X 0 0 0 JASON SHOEMAKER MEMBER 0.50 1.50 X 0 0 0 KAREN SODERSTROM MEMBER 0.50 1.50 X 0 0 0 REGINA P MOODY PRESIDENT/CEO 1.00 39.00 X 0 332388 20541 CAROL PETROPULOS EXECUTIVE SECRETARY 1.00 39.00 X 0 63453 11305 MICHAEL C GIANG TREASURER/CFO 1.00 39.00 X 0 161449 15310 KERRI C MASSEY EXECUTIVE VICE PRESIDENT/COO 1.00 39.00 X 0 108374 12902 0 665664 60058 0 0 1 0 HOLY ANGELS INC PO BOX 710 BELMONT NC 28012 CORPORATE SERVICES 120224 1 547598 275200 1614734 25214 2437532 833624 833624 7781097 8499397 -718300 -718300 -718300 72926 547598 150720 -77794 -77794 2475062 0 0 37530 2700187 2700187 101957 101957 153755 125189 28566 12533 12533 55049 55049 10368 10368 SHARED SERVICES 424117 424117 BAD DEBT EXPENSE 6480 6480 47835 47835 3512281 2700187 227146 584948 1765047 2376210 2895 1495 7408 51075 6044 0 2589081 86084 2502997 2502997 18877761 17348782 569872 535319 23732024 22815878 15645 50235 0 122800 15645 173035 X 21114958 19877684 2601421 2765159 23716379 22642843 23732024 22815878 -1037219 -36317 0 X 0 1 X 1 0 X 2106284 2490409 2421069 4729857 2437532 14185151 2106284 2490409 2421069 4729857 2437532 14185151 3436502 10748649 381562 668815 791994 1051122 833624 3727117 17912268 0.60010 0.59280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5678061 8251 -33946 5652366 5467276 8910 201895 5678081 5096684 15875 354717 5467276 4396273 72444 627967 5096684 4552521 5807 -162055 4396273 0.64730 0.21020 0.14250 0 0 789150 1703947 2493097 86084 86084 0 9900 9900 2502997 X 2493945 -36317 6437 -29880 2523825 101957 -150720 -48763 2475062 867294 6437 150720 157157 710137 101957 2700187 2802144 3512281 PART V, LINE 4: THE INTENT OF THE MOTHER MARY BENIGNUS HOBAN ENDOWMENT FUND IS TO ENSURE THE FUTURE OF HOLY ANGELS THROUGH BUILDING THE CORPUS THAT WILL GENERATE EARNED INTEREST WHICH CAN BE USED TO SUPPORT OPERATIONS, SPECIAL PROJECTS OR CAPITAL NEEDED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AND APPLICABLE STATE STATUTES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). GAAP REQUIRES THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO AUDIT BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -150,720. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 150,720. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO RELATED ORGANIZATIONS 2,700,187. GOLF CLASSIC 73484 61676 11808 2818 9672 6146 839 ANGEL BOWL 189398 176198 13200 1003 9724 742 13922 2 357642 309724 47918 7078 28626 32464 37686 620524 547598 72926 10899 48022 39352 52447 150720 -77794 1 HOLY ANGELS INC PO BOX 710 BELMONT NC 28012 510230406 501(C)(3) 1471477 OPERATIONS SUPPORT HOLY ANGELS SERVICES INC PO BOX 710 BELMONT NC 28012 561785000 501(C)(3) 1228710 OPERATIONS SUPPORT 2 0 PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS TO ITS RELATED ORGANIZATIONS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 REGINA P MOODY PRESIDENT/CEO 0 262796 0 69592 0 0 0 12598 0 7943 0 352929 0 0 MICHAEL C GIANG TREASURER/CFO 0 161298 0 151 0 0 0 8201 0 7109 0 176759 0 0 X 1 7932 FMV X 2 17282 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 HOLY ANGELS, INC. IS THE SOLE MEMBER OF HOLY ANGELS FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A HOLY ANGELS, INC. APPOINTS THE BOARD OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B HOLY ANGELS, INC. APPROVES ANY MAJOR DECISIONS AFFECTING HOLY ANGELS FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 AND THEN ONCE IT HAS BEEN COMPLETED, SENDS VIA EMAIL (WITH A DELIVERY AND READ RECEIPT) A COMPLETE COPY OF THE 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN HAVE ONE WEEK TO REVIEW AND TO RESPOND BACK TO MANAGEMENT WITH ANY CHANGES THAT NEED TO BE MADE. IF THERE ARE NO CHANGES NEEDED AFTER THE ONE WEEK PERIOD, MANAGEMENT FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THIS POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT HOLY ANGELS FOUNDATION IS A CHARITABLE ORGANIZATION AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OF DIRECTORS OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE EMPLOYED BY HOLY ANGELS, INC., A RELATED ENTITY. THE RESPONSIBILITY FOR EXECUTIVE COMPENSATION FOR THE PRESIDENT/CEO IS THE RESPONSIBILITY OF THE CHAIR AND THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE PAST CHAIR, CHAIR, VICE CHAIR, COMMITTEE CHAIRS AND ANY OTHER MEMBERS APPOINTED BY THE CHAIR. THE EXECUTIVE COMMITTEE SEEKS INPUT FROM THE BOARD AND MEETS ON AN ANNUAL BASIS TO COMPLETE A YEARLY PERFORMANCE AND COMPENSATION REVIEW OF THE PRESIDENT/CEO. A COMPARATIVE SALARY SURVEY IS USED TO BENCHMARK COMPENSATION FOR THE POSITION AND OTHER EXECUTIVE POSITIONS. THE EXECUTIVE COMMITTEE SHALL MEET INDEPENDENT OF THE PRESIDENT/CEO TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION. DURING THESE DELIBERATIONS, THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER BOARD MEMBERS, SISTERS OF MERCY, STAFF, PROFESSIONAL ADVISORS, AND OTHER INFORMED COMMUNITY LEADERS. THE CHAIR OF THE EXECUTIVE COMMITTEE REVIEWS THE ACCOMPLISHMENTS OF THE PRESIDENT/CEO DURING THE YEAR AND A WRITTEN PERFORMANCE REVIEW IS COMPLETED. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES. THE COMPENSATION REVIEW INCLUDES BASE PAY, FRINGE BENEFITS AND ANY OTHER IDENTIFIED PERFORMANCE INCENTIVES. THROUGH ITS MINUTES, THE CHAIR/EXECUTIVE COMMITTEE MUST DOCUMENT ALL OF ITS DELIBERATIONS AND DECISIONS, INCLUDING THE SALARY SURVEY USED. THIS PROCESS IS REFERENCED IN ARTICLE XI, SECTION 1 OF THE BYLAWS OF HOLY ANGELS, INC. THE HOLY ANGELS BOARD OF DIRECTORS DELEGATES THE AUTHORITY TO THE PRESIDENT/CEO TO DETERMINE ALL OTHER EMPLOYEE COMPENSATION. AS FOR KEY EMPLOYEES AND OTHER EMPLOYEES, IT IS THE POLICY OF HOLY ANGELS TO PAY WAGES AND SALARIES THAT ARE REASONABLE AND COMPETITIVE WITH RATES BEING PAID FOR SIMILAR JOBS BY OTHER EMPLOYERS IN THE COMMUNITY. INCREASES IN EMPLOYEE COMPENSATION MAY BE OFFERED BASED ON INDIVIDUAL JOB PERFORMANCE, LONGEVITY, DUTIES AND RESPONSIBILITIES LISTED IN JOB DESCRIPTIONS, AND AREA WAGE AND SALARY SURVEYS. WAGE OR SALARY RANGES HAVE BEEN ESTABLISHED FOR EACH LEVEL OF JOBS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. HA PROPERTIES LLC PO BOX 710 BELMONT NC 28012 842071832 HOLD REAL ESTATE NC 0 2426422 HOLY ANGELS FOUNDATION INC HOLY ANGELS SERVICES INC PO BOX 710 BELMONT NC 28012 561785000 TO PROVIDE COMPREHENSIVE CARE TO PRIMARILY CHILDREN WITH DISABILITIES NC 501(C)(3) LINE 10 HOLY ANGELS INC 0 HOLY ANGELS INC PO BOX 710 BELMONT NC 28012 510230406 TO PROVIDE SUPPORT TO RELATED ORGANIZATIONS NC 501(C)(3) LINE 10 SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY 0 SISTERS OF MERCY OF NORTH CAROLINA FOUNDATION PO BOX 987 BELMONT NC 28012 561920303 SUPPORTS WORK OF TAX-EXEMPT HEALTHCARE, EDUCATIONAL AND SOCIAL ORGANIZATIONS NC 501(C)(3) LINE 12A, I SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY 0 SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY 101 MERCY DRIVE BELMONT NC 28012 581395744 HELP PEOPLE IN NEED NC 501(C)(3) LINE 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0