FPCRC INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- FPCRC INC (EIN 57-0847894)
- Tax period
- 2017-05-01 to 2018-04-30
- Filed
- 2018-11-26
- IRS object ID
- 201813309349300636
- Schema version
- 2017v2.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-26T17:19:07-05:00 | ReturnTs |
| Tax Period End | 2018-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 570903040 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Theodore H Reading II CPA PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 38 Huntwick Court | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29206 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570847894 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FPCRC Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FPCR | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1324 Marion Street | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James R Herlong | PersonNm |
| Person Title | Chairman | PersonTitleTxt |
| Phone | 8037827172 | PhoneNum |
| Signature | 2018-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Theodore H Reading II | PreparerPersonNm |
| PTIN | P01329466 | PTIN |
| Phone | 8037827172 | PhoneNum |
| Preparation | 2018-11-26 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 98.25.46.236 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-26 | IPDt |
| IP Tm | 17:20:41 | IPTm |
| Federal Original Submission Id | 5733152018330ycysffv | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-26 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E6D89852072D64611C832EE63798DA46BA508B8A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | E6D89852072D64611C832EE63798DA46BA508B8A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Laurel Crest Retirement Center | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | James A Herlong | PrincipalOfficerNm |
| Gross Receipts | $38,386,105 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.Laurel-crest.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | Laurel Crest was established as a continuing care retirement center for the First Presbyterian Church of Columbia, SC which includes housing and medical care. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 142 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $47,054 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,500 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,562,296 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,415,055 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,341 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,355,506 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,400 | PYOtherRevenueAmt |
| CY Other Revenue | $35,313 | CYOtherRevenueAmt |
| PY Total Revenue | $6,624,091 | PYTotalRevenueAmt |
| CY Total Revenue | $18,818,374 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $800,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,663,015 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,878,826 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $22,500 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,157,762 | PYOtherExpensesAmt |
| CY Other Expenses | $2,447,682 | CYOtherExpensesAmt |
| PY Total Expenses | $5,820,777 | PYTotalExpensesAmt |
| CY Total Expenses | $5,126,508 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $803,314 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,691,866 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,412,773 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,292,622 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,422,547 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $24,777 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,990,226 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $17,267,845 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Laurel Crest was established as a continuing care retirement center for the First Presbyterian Church of Columbia, SC which includes housing and medical care. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $4,636,129 | ExpenseAmt |
| Desc | Provided continuing care for 84 independent living residents, 21 assisted living residents, and 10 health center residents. | Desc |
| Total Program Service Expenses | $4,636,129 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | Yes (true) | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 142 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Theodore H Reading II CPA | PersonNm |
| Phone | 8037827172 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 38 Huntwick Ct | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29206 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| James A Herlong | |||||||
| Chairman | 10.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Emily Metzger | |||||||
| Vice chairman | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Langley Shealy | |||||||
| Secretary | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Theodore H Reading II | |||||||
| Treasurer | 2.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Barbara Diller | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Wilson W Farrell | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| B Lee Floyd | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Miriam O Hair | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| David G Hodges | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Lanneau W Lambert Jr | |||||||
| Director | 5.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Robert M Temple | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| William H Neely Jr | |||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Derek W Thomas | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Claude Walker Jr | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| John F Windley | |||||||
| Director | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| James Deel | |||||||
| Executive director | 40.00 | 1.00 | Yes (X) | $127,813 | $0 | $17,894 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $127,813 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $17,894 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Life Care Services LLC | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Locust Street Ste 820 | AddressLine1Txt |
| City | Des Moines | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Management | ServicesDesc |
| Compensation | $378,112 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $12,500 | RelatedOrganizationsAmt |
| Total Contributions | $12,500 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Resident fees | Desc |
| Business | 623000 | BusinessCd |
| Total Revenue Column | $4,415,055 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,415,055 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,415,055 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $104,987 | TotalRevenueColumnAmt |
| Exclusion | $104,987 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $43,610 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,297 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $35,313 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,313 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,313 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,158,813 | SecuritiesAmt |
| Other | $22,651,140 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,164,876 | SecuritiesAmt |
| Other | $8,394,558 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$6,063 | SecuritiesAmt |
| Other | $14,256,582 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,250,519 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,250,519 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,818,374 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,700,887 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $104,987 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800,000 | TotalAmt |
| Program Services | $800,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,510,329 | TotalAmt |
| Program Services | $1,434,813 | ProgramServicesAmt |
| Management And General | $75,516 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,458 | TotalAmt |
| Program Services | $242,102 | ProgramServicesAmt |
| Management And General | $1,356 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,039 | TotalAmt |
| Program Services | $118,787 | ProgramServicesAmt |
| Management And General | $6,252 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $302,022 | TotalAmt |
| Program Services | $271,820 | ProgramServicesAmt |
| Management And General | $30,202 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,237 | TotalAmt |
| Management And General | $172,237 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,695 | TotalAmt |
| Management And General | $45,695 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,271 | TotalAmt |
| Management And General | $19,271 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,237 | TotalAmt |
| Program Services | $37,737 | ProgramServicesAmt |
| Fundraising | $22,500 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,935 | TotalAmt |
| Program Services | $117,935 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,390 | TotalAmt |
| Program Services | $62,122 | ProgramServicesAmt |
| Management And General | $1,268 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,420 | TotalAmt |
| Program Services | $11,799 | ProgramServicesAmt |
| Management And General | $621 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $564,579 | TotalAmt |
| Program Services | $562,382 | ProgramServicesAmt |
| Management And General | $2,197 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,748 | TotalAmt |
| Program Services | $3,748 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,673 | TotalAmt |
| Management And General | $67,673 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $479,549 | TotalAmt |
| Program Services | $479,549 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,799 | TotalAmt |
| Program Services | $83,786 | ProgramServicesAmt |
| Management And General | $15,013 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Taxes | $32,885 | $7,450 | $25,435 |
| Food | $339,841 | $339,841 | |
| Resident activities | $42,647 | $42,647 | |
| Equipment rental & maintenan | $11,227 | $10,104 | $1,123 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,527 | TotalAmt |
| Program Services | $9,507 | ProgramServicesAmt |
| Management And General | $4,020 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,126,508 | TotalAmt |
| Program Services | $4,636,129 | ProgramServicesAmt |
| Management And General | $467,879 | ManagementAndGeneralAmt |
| Fundraising | $22,500 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,108 | BOYAmt |
| EOY | $2,504,650 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,639,946 | BOYAmt |
| EOY | $461,663 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,671 | BOYAmt |
| EOY | $10,475 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,602 | BOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,991,494 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,695,982 | BOYAmt |
| EOY | $14,315,834 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,970 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,412,773 | BOYAmt |
| EOY | $17,292,622 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $321,129 | BOYAmt |
| EOY | $24,777 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,195,258 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,906,160 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,422,547 | BOYAmt |
| EOY | $24,777 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,990,226 | BOYAmt |
| EOY | $17,267,845 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,990,226 | BOYAmt |
| EOY | $17,267,845 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,412,773 | BOYAmt |
| EOY | $17,292,622 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $13,691,866 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$414,247 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $27,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $84,983 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $44,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $47,054 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,500 | CurrentTaxYearAmt |
| Total | $216,037 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,489,780 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,926,810 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,009,480 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,562,296 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,415,055 | CurrentTaxYearAmt |
| Total | $28,403,421 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,516,780 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,011,793 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,053,980 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,609,350 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,427,555 | CurrentTaxYearAmt |
| Total | $28,619,458 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $100,000 | CurrentTaxYearMinus2YearsAmt |
| Total | $100,000 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $100,000 | CurrentTaxYearMinus2YearsAmt |
| Total | $100,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $28,519,458 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,595 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,090 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,200 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,340 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $104,987 | CurrentTaxYearAmt |
| Total | $179,212 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,595 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,090 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,200 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,340 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $104,987 | CurrentTaxYearAmt |
| Total | $179,212 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,554,375 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,021,883 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,073,180 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,616,690 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,532,542 | CurrentTaxYearAmt |
| Total | $28,798,670 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99030 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99330 | PublicSupportPY509Pct |
| Investment Income CY | 0.01000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | First Presbyterian Church | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1324 Marion Street | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 570314437 | RecipientEIN |
| IRC Section | church | IRCSectionDesc |
| Cash Grant | $800,000 | CashGrantAmt |
| Purpose Of Grant | general assistance | PurposeOfGrantTxt |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | 100 of Laurel Crest Retirement Center | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2018-01-05 | DistributionDt |
| Fair Market Value Of Asset | $22,651,140 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | Cash sale | MethodOfFMVDeterminationTxt |
| EIN | 822636406 | EIN |
| Person | Laurel Crest Retirement Community | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2817 Ashland Road | AddressLine1Txt |
| City | Columbia | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501c3 | IRCSectionTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Management duties delegation Part VI line 3 | The Organization has a management and marketing services agreement with Life Care Services, LLC, an independent company, to manage and operate the retirement community. |
| Form 990 governing body review Part VI line 11 | Form 990 is distributed to all board members before filing |
| Conflict of interest policy compliance Part VI line 12c | The board of directors reviews the conflict of interest statement on an annual basis. In the event of a conflict of interest, the person with the conflict would not be involved with any votes that are related to the conflict |
| CEO executive director top management comp Part VI line 15a | The exexutive director is employed by Life Care Services, LLC. (See part VI, Sect A, Line 3).Life Care Services assists FPCRC, Inc with determining an appropriate salary based on industry information, the size of the facility, and amounts paid by other communities managed by them. |
| Form 990 availability to public Part VI line 18 | Form 990 is available to the public upon request |
| Governing documents etc available to public Part VI line 19 | The Organization makes it governing documents, conflict of interest policy, and financial statements available upon request. |
| Cessation of or significant change to any program service Part III line 3 | On January 5, 2018, FPCRC, Inc. sold Laurel Crest Retirement Center to Laurel Crest Retirment Community, part of Presbyterian Communities of South Carolina. The total sales price was $22,651,140 including assumed liabilities of $6,401,140. The sale was negotiated by the boards of directors of the two independent organizations. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Laurel Crest Endowment Trust | |||||||||||
| 1324 Marion Street | Columbia | SC | 29201 | 570986260 | Provide assistance to residents of Laurel Crest Retirement | SC | 501C3 | 12a | FPCRC Inc | false | |
| First Presbyterian Church | |||||||||||
| 1324 Marion Street | Columbia | SC | 29201 | 570314437 | Church | SC | 1 | false | N/A | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |