2018-08-15T15:08:34-05:00 2017-09-30 560574444 CHERRY BEKAERT LLP 828 Main St Ste 1801 Lynchburg VA 24504 990 2016-10-01 541615599 Sheltering Arms Foundation SHEL 8047645241 8254 Atlee Road Mechanicsville VA 23116 John L McElroy III President 8047645241 2018-08-15 1 Amanda Adams P00748038 4348476643 2016 2022-09-23 18:48:47Z John L McElroy III 8254 Atlee Road Mechanicsville VA 23116 8742557 0 X WWW.SHELTERINGARMS.COM X 1992 VA TO SUPPORT RELATED HOSPITALS AND PROVIDE HEALTHCARE SERVICES. 13 13 0 13 -94922 0 2029641 1900050 0 0 6480193 6670786 2227377 0 10737211 8570836 56242 311127 0 0 621821 0 0 0 0 16881206 16638460 17559269 16949587 -6822058 -8378751 212128320 219512323 6452 6452 212121868 219505871 TO SUPPORT SHELTERING ARMS HOSPITAL AND SHELTERING ARMS HOSPITAL SOUTH AND PROVIDE HEALTHCARE SERVICES TO THE COMMUNITIES SERVED BY THE HOSPITALS. 0 0 12486790 311127 0 THE FOUNDATION MANAGES CERTAIN INVESTMENT FUNDS FOR SHELTERING ARMS HOSPITAL AND SHELTERING ARMS HOSPITAL SOUTH, INC., BOTH HOSPITALS EXEMPT UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. THE SHELTERING ARMS FOUNDATION CONTINUED TO BUILD THE DEVELOPMENT OFFICE TO INCREASE PHILANTHROPIC SUPPORT IN FURTHERANCE OF ITS MISSION TO ENABLE THE HOSPITALS TO SHAPING THE FUTURE OF ReHABILITATIVE CARE AND TO SERVE OUR PATIENTS IN NEED. NEWLY RECEIVED GIFTS AS WELL AS INCOME FROM INVESTED FUNDS HELP TO PURCHASE NEW EQUIPMENT. FUNDING ALSO SUPPORTS CHARITY AND FINANCIAL ASSISTANCE TO INDIVIDUALS IN NEED AS WELL AS THE OPERATINg BUDGET AND CAPITAL IMPROVEMENTS. IN FY 2017 SHELTERING ARMS FOUNDATION TRANSFERRED $12,507,911 TO THE HOSPITALS TO SUPPORt THESE INITIATIVES AND OPERATIONS. 12486790 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 13 13 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 8254 ATLEE ROAD MECHANICSVILLE VA 23116 THEODORE W PRICE Chairman 2.00 5.00 X X 0 0 0 Peter H Bowles Vice Chairman 1.00 0.00 X X 0 0 0 CHARLES M CARAVATI III DIRECTOR 1.00 0.00 X 0 0 0 W BATES CHAPPELL DIRECTOR 1.00 4.00 X 0 0 0 Patricia B Cushnie DIRECTOR 1.00 4.00 X 0 0 0 Barbara H Dunn Director 1.00 4.00 X 0 0 0 ASHBY R HACKNEY DIRECTOR 1.00 4.00 X 0 0 0 Lawrence E Gibson DIRECTOR 2.00 3.00 X 0 0 0 DIANE V JEWELL DIRECTOR 1.00 4.00 X 0 0 0 JOYCE F NASH DIRECTOR 1.00 0.00 X 0 0 0 LISA TAYLOR POWELL DIRECTOR 1.00 0.00 X 0 0 0 Sue Schutt Director 1.00 0.00 X 0 0 0 S BUFORD SCOTT DIRECTOR 1.00 0.00 X 0 0 0 JOHN L MCELROY III Foundation President 40.00 0.00 X 0 317926 27877 Jim Litsinger Treasurer 4.00 36.00 X 0 125117 7863 Kelly Merricks Secretary 40.00 0.00 X 0 136318 9802 0 579361 45542 0 0 1 0 SAF Investment Holdings LP 550 S Tryon Street Suite 3500 Charlotte NC 28202 Investment Management 1073885 1 1900050 1900050 2739610 76799 2662811 4102897 171721 3931176 3931176 -171721 4102897 8570836 0 -94922 6765708 311127 311127 914 868 46 1120499 1120499 376097 357292 18805 11318 10752 566 127895 121500 6395 29040 27588 1452 420 399 21 6393 6073 320 10893995 10893995 4372 4153 219 Investment expenses 3274840 3274840 Shared Services 657876 624982 32894 Corporate Overhead 134801 128061 6740 16949587 12486790 4462797 0 1059220 2115785 25554 488983 24335 20770 33288 27143 10517 6145 193038337 197493227 17970357 19387413 212128320 219512323 6452 6452 6452 6452 X 193625152 198699864 1018114 1951437 17478602 18854570 212121868 219505871 212128320 219512323 X -8378751 14345699 1417055 X 0 1 X 1 0 X X 1 SHELTERING ARMS HOSPITAL 540505955 3 1 10893995 0 1 10893995 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section C, Line 1 The sole member of both Sheltering Arms Foundation and the supported organization is Sheltering Arms Corporation. As sole member, Sheltering Arms Corporation appoints the board of directors of both organizations. Since the two organizations share the same parent, Sheltering Arms Foundation should be considered to be supervised or controlled in connection with its supported organization within the meaning of IRC section 509(a)(3)(B)(ii). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33288 27143 6145 6145 private investment funds 197493227 F 197493227 Beneficial Interest in Trusts (not controlled by SAF) 19387413 19387413 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, 2017, 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 Bon Secours Health Care Foundation 5875 Bremo Road Suite 305 Richmond VA 23226 541201346 501(c)(3) 311127 support of community hospice house 1 0 Part I, Line 2: The organization maintains records of all grants given. The donations were made to community programs identified by the independent board and management as serving the foundation's mission and populations in need of assistance. 0 0 0 0 0 0 0 0 0 JOHN L MCELROY III Foundation President 0 253306 0 64620 0 0 0 12000 0 15877 0 345803 0 0 Schedule J, Part I, Line 1 John McElroy, President of the Foundation, is employed by Sheltering Arms Hospital, a related organization. As part of his compensation arrangement, the Hospital pays social club dues on his behalf. The value of the dues is treated as taxable compensation to him. 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 Form 990 and applicable attachments were 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. THE ORGANIZATION'S CONFLICT OF INTEREST, WHISTleBLOWER, AND RELATED POLICIES CAN BE FOUND ON THE ORGANIZATION'S WEBSITE, WWW.SHELTERINGARMS.COM. 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, CONFLICTS OF INTEREST POLICIES, WHISTLEBLOWER POLICIES, RELATED POLICIES, AND FINANCIAL STATEMENTS. Form 990, Part XI, line 9: CHANGE IN PRESENT VALUE OF TRUST FUNDS 1,417,055. SHELTERING ARMS HOSPITAL 8254 ATLEE ROAD MECHANICSVILLE VA 23116 540505955 PHYSICAL REHABILITATION VA 501(C)(3) Line 3 SHELTERING ARMS CORPORATION 0 SHELTERING ARMS HOSPITAL SOUTH 8254 ATLEE ROAD MECHANICSVILLE VA 23116 352258075 PHYSICAL REHABILITATION VA 501(C)(3) Line 3 SHELTERING ARMS CORPORATION 0 PALMYRA REHABILITATION CORPORATION 8254 ATLEE ROAD MECHANICSVILLE VA 23116 541615601 PHYSICAL REHABILITATION VA 501(C)(3) Line 12b, II SHELTERING ARMS CORPORATION 0 SHELTERING ARMS CORPORATION 8254 ATLEE ROAD MECHANICSVILLE VA 23116 541615598 PHYSICAL REHABILITATION VA 501(C)(3) Line 3 N/A 0 SAF Investment Holdings LP 550 S Tryon Street Suite 3500 Charlotte NC 28202 383943959 Investment Holdings NC Sheltering Arms Foundation Excluded 6605550 179475410 0 -94922 0 1.00000 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 SAF Investments Holdings LP S 14166945