2017-01-26T09:57:54-07:00 2016-06-30 990 2015-07-01 381676540 PINE REST FOUNDATION PINE 6164555000 PO Box 165 Grand Rapids MI 495010165 Paul Karsten Chief Financial Officer 6164555000 2017-01-26 2015 2021-01-29 14:40:06Z Mark Eastburg PO Box 165 Grand Rapids MI 49501 23651076 0 X www.pinerest.org X 1960 MI The Pine Rest Foundation was organized to raise funds by means of memberships and gifts, to manage investment assets in an effort to increase available funds, and to provide grants that support the services and mission of Pine Rest Christian Mental Health Services which is to express the healing ministry of Jesus Christ by providing behavioral health care with professional excellence, Christian integrity and compassion. 15 13 0 13 -22781 0 1315438 1493399 0 0 758220 -63634 -58494 -22781 2015164 1406984 2438723 2781172 0 0 0 0 0 0 0 219001 149715 2657724 2930887 -642560 -1523903 25043181 23413264 217414 111400 24825767 23301864 The Pine Rest Foundation was organized to raise funds by means of memberships and gifts, to manage investment assets in an effort to increase available funds, and to provide grants that support the services and mission of Pine Rest Christian Mental Health Services which is to express the healing ministry of Jesus Christ by providing behavioral health care with professional excellence, Christian integrity and compassion. 0 0 2781172 0 0 Each year, following a specific formula, the Pine Rest Foundation awards grants to Pine Rest Christian Mental Health Services to fund various aspects of behavioral health care and counseling programs. An award of $564,454 was made to provide funds for financial assistance for patients with the inability to pay for services. An additional $687,323 was made available for education, prevention, and support programs through the Hospital. Funding was provided for the continued development of a Residency Program and to improve Hospital Based Services through bettering new-employee orientation and training. Funding was also provided to support residential programs, medical training and a peer support program. The remaining $1,529,395 represents the Pine Rest Foundation as the "single-portal" for all donations intended for the Pine Rest Foundation and Pine Rest Christian Mental Health Services "PRCMHS", the related organization. 0 0 0 2781172 1 1 0 0 0 0 0 0 0 1 0 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 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 15 13 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X Paul H Karsten 6164555000 300 68th Street SE Grand Rapids MI 495486927 Mark Eastburg Board Member 2 58.00 X 0 352767 26564 Teresa Newmarch Executive Director 20 20 X 0 136440 7657 Margaret Breon Board Member 1 0 X 0 0 0 Antoine Campbell Board Member 1 0 X 0 0 0 Samantha Howell Board Member 1 0 X 0 0 0 Suzanne Keep Board Member 1 0 X 0 0 0 Peter Baldwin Board Member 1 0 X 0 0 0 Peter Boumgarden Board Member 1 0 X 0 0 0 Gary Werkman Board Member 1 0 X 0 0 0 Abigayle Sladick Board Member 1 0 X 0 0 0 Jack DeBoer Board Member 1 0 X 0 0 0 Allen VanderLaan Secretary 1 0 X 0 0 0 Jan Winters President 4 0 X 0 0 0 Tim Schowalter Vice President 4 0 X 0 0 0 Lauretta Murphy Treasurer 1 0 X 0 0 0 0 489207 34221 2 0 1 0 Merrill Lynch 250 Monroe Ave NW Ste 600 Grand Rapids MI 49503 Investment management fees 131802 0 0 138325 0 0 1355074 0 1493399 0 869212 0 0 869212 0 0 0 0 0 0 0 0 0 0 21262590 0 22195436 0 -932846 0 -932846 0 0 -932846 25875 138325 48656 -22781 -22781 0 0 1406984 0 -22781 -63634 2781172 2781172 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2124 0 2124 0 0 0 0 0 6700 0 6700 0 0 0 0 0 0 0 125499 0 125499 0 0 0 0 0 0 0 0 0 5578 0 5578 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Annuities 5137 0 5137 0 4677 0 4677 0 2930887 2781172 149715 0 1340313 172327 0 0 15600 5000 0 0 0 0 0 0 0 0 0 0 0 0 23687268 23235937 0 0 0 0 25043181 23413264 217414 111400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 217414 111400 X 21119894 19595991 0 0 3705873 3705873 24825767 23301864 25043181 23413264 -1523903 0 0 0 0 0 X 0 1 X 1 0 X X 1 PINE REST CHRISTIAN MENTAL HEALTH SERVICES 381368360 3 1 2781172 0 1 2781172 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3705873 0 29943 29943 0 0 3705873 3705873 0 90033 90033 0 0 3705873 3705873 0 518745 518745 0 0 3705873 3705873 0 414875 414875 0 0 3705873 3705873 0 27864 27864 0 0 3705873 0 1 0 0 0 0 X Schedule D, Part V, Line 4 The permanent endowment funds will be held in perpetuity and the income generated by the corpus of these funds will be used to fulfill the mission of the Foundation. Schedule D, Part X, Line 2 Pine Rest is a not-for-profit corporation pursuant to Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income pursuant to section 501(a). Pine Rest must recognize the tax benefit from an uncertain tax position only if it is "more-likely-than-not" that the tax position will be sustained on examination by the applicable taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no uncertain tax benefits identified at June 30, 2016 and 2015. Pine Rest does not expect the total amount of unrecognized tax benefits to significantly change in the next twelve months. Pine Rest recognizes interest and penalties related to unrecognized tax positions and includes these in interest and income tax expense. The Corporation has no amounts accrued for interest and penalties as of June 30, 2016 and 2015. Pine Rest is no longer subject to examination by taxing authorities for years before 2014. Golf Outing 164200 138325 25875 0 0 0 0 0 48656 0 0 164200 138325 25875 0 0 0 0 0 48656 48656 -22781 1 Pine Rest Christian Mental Health Services 300 68th St Grand Rapids MI 49548 381368360 501(c)(3) 1251777 0 Cash Value The Purpose of granting the funds was to support the programs, services and mission of Pine Rest Christian Mental Health Services, its sole member. 1 0 Schedule I, Part I, Line 2 All grants are reviewed by the Foundation Board of Governors on a regular basis. Each specific service or program is monitored periodically by an assigned governor. This involves regular contact between the Board of Governors and the manager responsible for utilizing the grant funds for their intended purpose. 0 0 0 0 0 0 0 0 0 Mark Eastburg Board Member 0 328367 0 24400 0 26564 0 0 0 0 0 379331 0 373942 Teresa Newmarch Current Executive Director 0 122156 0 320 0 0 0 10987 0 7657 0 141120 0 Schedule J, Part I, Line 3 The related organization, Pine Rest Christian Mental Health Services, has adopted a written Executive Compensation Plan and has delegated to the Board Compensation Committee the responsibility of implementing and overseeing compensation issues with regular reporting to the Pine Rest Board. Form 990, Part VI, Section A, Line 6 The Pine Rest Foundation is a corporation organized on a membership basis. The Corporation's sole member is Pine Rest Christian Mental Health Services, a nonprofit hospital corporation. Form 990, Part VI, Section A, Line 7b The Pine Rest Foundation is a corporation organized on a membership basis. The corporations sole member is Pine Rest Christian Mental Health Services, a non profit hospital corporation. Decisions of the governing board are subject to approval by the sole member. Form 990, Part VI, Section B, Line 11b The Board of Directors has authorized the Finance Committee of the Board of Directors to review and approve the Form 990 each year prior to submission to the IRS. Each year a copy of the Form 990 is given to the external auditors for review. Every three years, the external auditors are engaged to perform a quality review of the draft form 990 prior to Finance Committee approval. Recommended changes are made to the Form 990 and supporting schedules and the Finance Committee votes on a motion to approve the Form 990 and supporting schedules as amended. The final filed Form 990 is made available to all Board members for their review and information. Form 990, Part VI, Section B, Line 12c The organization requires each of its Board members review the conflict of interest policy annually. The organization also requires Board members to complete a specific Conflict of Interest Questionnaire annually, where they must disclose any potential conflicts. Form 990, Part VI, Section C, Line 19 All documents are available to the public upon request Pine Rest Christian Mental Health Services PO Box 165 Grand Rapids MI 495010165 381368360 behavioral health services MI 501(c)(3) 3 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 Pine Rest Christian Mental Health Services b 1513848 Each year, following a specific formula, the Pine Rest Foundation awards grants to Pine Rest Christian Mental Health Services to fund various aspects of behavioral health care and counseling programs. Pine Rest Christian Mental Health Services l 1267324 The Pine Rest Foundation serves as the "single-portal" for all donations intended for the Pine Rest Foundation and Pine Rest Christian Mental Health Services, the related organization. Pine Rest Christian Mental Health Services p 6700 The Pine Rest Foundation paid the related organization, Pine Rest Christian Mental Health Services, for audit fees. Pine Rest Foundation received approval for Form 8868 extending the due date to February 15, 2017