2025-11-11T20:24:39-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 2501 E ENTERPRISE AVE SUITE 300 APPLETON WI 54913 990 2024-01-01 362233542 MATHER MATH 8474927500 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 MARY G LEARY PRESIDENT & CEO 8474927500 2025-11-11 1 1 KELCEY LEITL P01584977 9209686700 2024 2025-03-06 01:10:19Z MARY G LEARY 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 56090525 0 X WWW.MATHER.COM X 1941 IL MATHER IS A LEADING PROVIDER OF SENIOR LIVING COMMUNITIES, COMMUNITY (CONTINUED ON SCHEDULE O)PROGRAMS, RESEARCH, AND EDUCATION THAT ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. 3 2 412 2 0 0 24853487 19299629 25975860 36199559 182953 267622 303931 323715 51316231 56090525 0 0 0 0 32758958 35139823 0 0 0 19128296 20682922 51887254 55822745 -571023 267780 225031071 230001702 219598127 221015560 5432944 8986142 X MATHER IS A LEADING NOT-FOR-PROFIT PROVIDER OF SENIOR LIVING COMMUNITIES AND COMMUNITY PROGRAMS, AS WELL AS A RESPECTED SOURCE FOR RESEARCH AND EDUCATION THAT PROVIDES INDUSTRY PROFESSIONALS AND CAREGIVERS WITH INFORMATION AND KNOWLEDGE (CONTINUED ON SCHEDULE O)THAT ENHANCES THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. 0 0 28039583 36505904 MATHER LIFE PLAN COMMUNITIES PROVIDE OLDER ADULTS WITH LIVING ACCOMMODATIONS, SERVICES AND CARE. 1753233 0 MATHER, VIA COMMUNITY INITIATIVES, PROVIDES COMMUNITY BASED SERVICES FOR OLDER ADULTS IN THE CHICAGO AREA. 1615279 17370 MATHER, VIA MATHER INSTITUTE, PROVIDES RESEARCH AND EDUCATION TOIMPROVE THE LIVES OF OLDER ADULTS. 31408095 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 104 0 1 412 1 0 0 0 0 0 0 0 0 0 0 1 0 X 3 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X CHRISTOPHER MANELLA 8474926764 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 MARY G LEARY PRESIDENT & CEO 50.00 10.40 X X 1875195 0 186725 JOHN R PHILLIPS CHAIRMAN 0.30 4.20 X 0 0 0 JENNY CHAN DIRECTOR 0.10 2.10 X 0 0 0 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 48.00 2.40 X 511159 0 57876 JULIE RIGGS SECRETARY 44.60 5.40 X 211471 0 48577 MARY SCHOEGGL CFO 35.00 15.40 X 409108 0 52623 JOSEPH J ZAJDEL SVP BUSINESS DEVELOPMENT 50.00 0.00 X 908206 0 55113 DAVID MURLETTE SVP SENIOR LIVING 50.00 0.20 X 727026 0 52791 GALE MORGAN-JOHNSTON SVP SALES 50.00 0.00 X 604766 0 58102 BRENDA P SCHREIBER SVP MARKETING 50.00 0.00 X 554344 0 31771 MEREDITH BOYLE SVP STRATEGIC INITIATIVES 50.00 0.00 X 387412 0 57361 CATHERINE O'BRIEN VP & DIR. OF MATHER INSTITUTE 50.00 0.00 X 415943 0 36710 DEANN DANIEL VP & GENERAL MANAGER 50.00 0.00 X 333216 0 52307 CAROL L SUSSENBACH FORMER CFO & TREASURER 0.00 0.00 X 195895 0 0 7133741 0 689956 63 1 1 0 KETTLER INC 8255 GREENSBORO DR SUITE 200 MCLEAN LA 22102 CONSULTING 1314952 BDO USA LLP PO BOX 642743 PITTSBURGH PA 15264 IT 1224489 NEXUM 2901 CARLSON DR SUITE 204 HAMMOND IN 46323 IT 1013155 PLAN B 116 W ILLINOIS ST 3W CHICAGO IL 60654 MARKETING 356656 GRANT THORNTON PO BOX 71192 CHICAGO IL 60694 AUDIT AND TAX ADVISORY 246964 11 19299629 19299629 CONTRACTED SERVICES 623000 16844205 16844205 MANAGEMENT FEE 623000 15236817 15236817 LEASE REVENUE 623000 4118537 4118537 36199559 267622 267622 CARING COMM POLICY DIV 900099 322933 322933 ENTRANCE FEE AMORTIZAT 900099 782 782 323715 56090525 36523274 0 267622 5095869 5095869 195895 195895 23100275 14307528 8792747 1320945 815071 505874 3620565 2393383 1227182 1806274 1094525 711749 241074 241074 219008 219008 7263 7263 660014 660014 151845 4521 147324 1546722 38550 1508172 440396 1425 438971 872408 70565 801843 166314 15213 151101 6648668 6648668 4701320 4316823 384497 29061 29061 CONTRACTED SERVICES 3525875 175976 3349899 RESIDENT PROGRAM SVCS 931748 824910 106838 RECRUITMENT 138819 138819 DUES & MEMBERSHIPS 40319 2681 37638 362068 1918 360150 55822745 31408095 24414650 0 X 6580252 6488665 363040 280131 3848369 3294606 1084216 1382901 178740492 70757860 112514742 107982632 0 0 98316760 108547363 2323692 2025404 225031071 230001702 16949748 16665921 0 0 202648379 204349639 219598127 221015560 X 5432944 8986142 5432944 8986142 225031071 230001702 X 267780 3285418 X 0 1 X 1 0 X X X 4 MATHER PLACE 363776145 10 1 0 0 MATHER INVESTMENTS NFP 364266878 10 1 0 0 MATHER POSSIBILITIES 362856851 7 1 0 0 THE MATHER EVANSTON 205860808 10 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 SIGNIFICANT VOICE IN INVESTMENT POLICIES SOME OF THE DIRECTORS AND OFFICERS OF EACH SUPPORTED ORGANIZATION ALSO SERVE ON THE BOARD OR ARE OFFICERS OF MATHER. THEREFORE, EACH SUPPORTED ORGANIZATION HAS A VOICE IN MATHER'S INVESTMENT POLICIES AND THE USE OF INCOME OR ASSETS. FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 3A POWER TO APPOINT OR ELECT OFFICERS, DIRECTORS, OR TRUSTEES MATHER IS THE PARENT AND SOLE MEMBER OF THE SUPPORTED ORGANIZATIONS INCLUDING THE MATHER EVANSTON, MATHER PLACE, MATHER INVESTMENTS, NFP, AND MATHER POSSIBILITIES. EACH PARENT ELECTS AND REMOVES THE DIRECTORS OF ITS CONTROLLED ENTITIES. FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 3B SUBSTANTIAL DEGREE OF DIRECTION MATHER, WHICH IS THE PARENT OF THE SUPPORTED ORGANIZATIONS, HAS THE RIGHT TO APPROVE MAJOR DECISIONS OF ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4019579 4019579 163664109 61632713 102031396 1359436 457162 902274 2893832 2551675 342157 6803536 6116310 687226 107982632 MATHER INVESTMENTS, NFP 71611307 C MATHER PLACE 33703507 C THE MATHER EVANSTON 2364414 C MATHER POSSIBILITIES 868135 C 108547363 THE MATHER EVANSTON - INTER ENTITY LOAN 181124000 MATHER FOUNDATION - INTER ENTITY LOAN 21963589 OBLIGATION FOR FUTURE SERVICES 1072963 REFUNDABLE ENTRANCE FEE 184950 DEFERRED ENTRANCE FEES 4137 204349639 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS MATHER, MATHER FOUNDATION, MATHER PLACE, MATHER INVESTMENTS, NFP, MATHER POSSIBILITIES AND THE MATHER EVANSTON HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE ROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES OF MATHER FILE TAX RETURNS IN CERTAIN STATES; HOWEVER, THEY DO NOT FILE IN EVERY STATE. FOR ALL STATES WHERE THE ENTITIES HAVE NOT FILED A STATE RETURN, ALL TAX YEARS REMAIN OPEN. X X X X 0 1 0 0 0 0 0 1 0 MARY G LEARY PRESIDENT & CEO 808633 0 682539 0 384023 0 150150 0 36575 0 2061920 0 347180 0 JOSEPH J ZAJDEL SVP BUSINESS DEVELOPMENT 351969 0 350000 0 206237 0 24150 0 30963 0 963319 0 190602 0 DAVID MURLETTE SVP SENIOR LIVING 379079 0 135034 0 212913 0 24150 0 28641 0 779817 0 201737 0 GALE MORGAN-JOHNSTON SVP SALES 290266 0 160826 0 153674 0 24150 0 33952 0 662868 0 136547 0 BRENDA P SCHREIBER SVP MARKETING 295049 0 154655 0 104640 0 24150 0 7621 0 586115 0 95238 0 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 269407 0 147000 0 94752 0 24150 0 33726 0 569035 0 90546 0 MARY SCHOEGGL CFO 403357 0 0 0 5751 0 24150 0 28473 0 461731 0 0 0 CATHERINE O'BRIEN VP & DIR. OF MATHER INSTITUTE 264177 0 103653 0 48113 0 24150 0 12560 0 452653 0 39050 0 MEREDITH BOYLE SVP STRATEGIC INITIATIVES 256672 0 66100 0 64640 0 23591 0 33770 0 444773 0 57114 0 DEANN DANIEL VP & GENERAL MANAGER 251031 0 72408 0 9777 0 23746 0 28561 0 385523 0 0 0 JULIE RIGGS SECRETARY 174054 0 27086 0 10331 0 15417 0 33160 0 260048 0 0 0 CAROL L SUSSENBACH FORMER CFO & TREASURER 0 0 72134 0 123761 0 0 0 0 0 195895 0 123761 0 PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MARY G. LEARY IS THE ONLY PARTICIPANT IN MATHER'S 457(F) PLAN. AS OF 2021, THE PLAN IS FROZEN AND NO LONGER ACCEPTING CONTRIBUTIONS. MATHER OFFERS A LONG-TERM INCENTIVE PLAN (LTIP) TO CERTAIN MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM, WHICH IS BASED ON OVERLAPPING THREE-YEAR CYCLES, AND PROVIDES FOR INCENTIVE PAYMENTS BASED UPON ACHIEVEMENT OF SPECIFIC THREE-YEAR PERFORMANCE OBJECTIVES. DISTRIBUTIONS WERE PAID OUT IN 2024 TO MARY G. LEARY OF $347,180, CAROL L. SUSSENBACH OF $123,761, JOSEPH J. ZAJDEL OF $190,602, DAVID MURLETTE OF $201,737, GALE MORGAN-JOHNSTON OF $136,547, BRENDA P. SCHREIBER OF $95,238, CHRISTOPHER MANELLA OF $90,546, CATHERINE O'BRIEN OF $39,050, AND MEREDITH BOYLE OF $57,114. THE AMOUNTS WERE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUAL'S W-2. PART I, LINE 7: NON-FIXED PAYMENTS BONUS PROGRAM BASED ON GOAL ACHIEVEMENT AND INCLUDES A DISCRETIONARY PORTION. THE BONUSES ARE INCLUDED IN THE COMPENSATION REVIEW AS DESCRIBED IN SCHEDULE O, UNDER PROCESS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS MATHER FOUNDATION IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND APPROVES MAJOR ACTIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT MATHER FOUNDATION IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL MATHER FOUNDATION IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND HAS THE RIGHT TO APPROVE OR RATIFY DECISIONS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990, AND RELATED SCHEDULES, WERE PREPARED BY GRANT THORNTON ADVISORS LLC USING INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990, INCLUDING SCHEDULES, WAS DISTRIBUTED TO THE MEMBERS OF THE MATHER FOUNDATION AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE MET WITH MANAGEMENT AND REVIEWED THE FORM 990. SUBSEQUENTLY, THE FORM 990 WAS DISTRIBUTED TO EACH DIRECTOR OF MATHER. ALL COMMENTS AND QUESTIONS WERE DIRECTED TO THE ORGANIZATION'S MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY ALL BOARD MEMBERS, OFFICERS AND SENIOR STAFF MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS ARE REFERRED TO THE CEO AND PRESIDENT, THE BOARD CHAIR, AND CHAIR OF THE GOVERNANCE COMMITTEE, WHO TAKE APPROPRIATE ACTION, INCLUDING DISCUSSING WITH THE FULL BOARD, WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION MATHER FOLLOWS PROCEDURES TO ESTABLISH THE "REBUTTABLE" PRESUMPTION OF REASONABLENESS DESCRIBED IN THE INCOME TAX REGULATIONS IN DETERMINING EXECUTIVE COMPENSATION. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT DIRECTORS WHO OBTAIN AND RELY ON "APPROPRIATE DATA AS TO COMPARABILITY" OF TOTAL PAY PACKAGES PRIOR TO MAKING ITS DETERMINATION. OBJECTIVE EVIDENCE OF REASONABLENESS AND COMPARABILITY IS OBTAINED FROM INFORMATION PROVIDED BY AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT. DETERMINATION OF EXECUTIVE COMPENSATION INVOLVES BENCHMARKING WITH COMPARATIVE MARKET COMPENSATION DATA TO ENSURE THAT COMPENSATION IS FAIR, EQUITABLE, AND WITHIN THE STANDARDS OF COMPENSATION PAID TO SIMILARLY SIZED AND COMPLEX ORGANIZATIONS. COMPENSATION DECISIONS INCLUDE CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE COMPENSATION OF THE CEO IS REVIEWED BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART X CAPITAL LEASE FORM 990, PART X IS COMPLETED PER THE AUDITED FINANCIAL STATEMENT PRESENTATION. AS SUCH, THE FOLLOWING CAPITAL LEASE AMOUNTS ARE NOT INCLUDED ON FORM 990, PART X OR SCHEDULE D, PARTS IX AND X. ASSETS LEASE RECEIVABLE $352,655,050 LIABILITIES UNEARNED REVENUE $359,796,145 INTERCOMPANY PAYABLE - THE MATHER EVANSTON $25,477,376 NET ASSETS CURRENT YEAR NET INCOME $(3,320,525) ACCUMULATED PRIOR YEAR NET INCOME $(29,297,946) FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE: CAPITAL LEASE 3,320,526. CHANGES IN FUTURE SERVICE OBLIGATION -35,108. 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