2016-11-15T13:03:52-06:00 2016-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2015-07-01 561762654 Holy Angels Foundation HOLY 7048254161 PO Box 710 Belmont NC 28012 regina p moody president/ceo 7048254161 2016-11-13 1 Janice A Ratica P00358837 7043771678 2015 2017-02-10 21:41:12Z regina p moody PO Box 710 Belmont NC 28012 6966052 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. 18 18 0 160 0 0 1992988 2106284 0 0 730506 76348 -86382 -124558 2637112 2058074 0 0 0 0 201238 241940 0 0 548634 443335 390960 644573 632900 1992539 1425174 17632852 17742040 7087 4562 17625765 17737478 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 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. 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X michael c giang 7048254161 HOLY ANGELS FOUNDATION PO BOX 710 BELMONT NC 28012 John Gannon MEMBER 1.00 X 0 0 0 Mike Deely MEMBER 1.00 X 0 0 0 Paul Polking MEMBER 1.00 X 0 0 0 Rick Houser MEMBER 1.00 X 0 0 0 Hans L Lengers MEMBER 1.00 X 0 0 0 Donald R Shew MEMBER 1.00 X 0 0 0 Sister Rosalind Picot RSM MEMBER 1.00 X 0 0 0 Lawrence Eichorn MEMBER 1.00 X 0 0 0 Richard Blackburn MEMBER 1.00 X 0 0 0 Clay McLean MEMBER 1.00 X 0 0 0 Tom McKittrick MEMBER 1.00 X 0 0 0 Jason Shoemaker MEMBER 1.00 X 0 0 0 Bill Gary MEMBER 1.00 X 0 0 0 Claudina Ghianni-Toole MEMBER 1.00 X 0 0 0 Dr Docia Hickey MEMBER 1.00 X 0 0 0 Karen Soderstrom MEMBER 1.00 X 0 0 0 Dr William C Rice MEMBER 1.00 X 0 0 0 Rev Rob Hinman Chair 1.00 X X 0 0 0 Lynn Leonard Vice Chair 1.00 X X 0 0 0 Regina P Moody PRESIDENT/CEO 40.00 X 0 256749 15024 DENNIS KUHN VICE PRESIDENT/COO 40.00 X 0 110491 5401 CUONG C GIANG TREASURER/CFO 40.00 X 0 141807 11068 Carol Petropulos EXECUTIVE SECRETARY 40.00 X 0 50162 1061 0 559209 32554 0 0 1 0 0 452137 275200 1378947 45435 2106284 381562 381562 4419336 4724550 -305214 -305214 -305214 58870 452137 183428 -124558 -124558 2058074 0 0 -48210 210953 210953 2131 2131 13405 13405 15451 15451 84266 84266 19830 19830 28033 28033 12901 12901 4961 4961 1740 1740 7175 7175 19755 19755 16800 16800 CORPORATE ADMINISTRATIV 120242 120242 OTHER FUNDRAISING EXPEN 77018 77018 Dues and Subscriptions 1601 1601 other expenses -3362 -3362 632900 0 84266 548634 795463 980375 12679 16536 16138940 16081828 685770 663301 17632852 17742040 7087 4562 7087 4562 X 15401440 15432688 1148977 1223635 1075348 1081155 17625765 17737478 17632852 17742040 X 1425174 -62981 -1250480 X X 0 1 X 1 0 X 2010078 1448135 2059956 1992988 2106284 9617441 2010078 1448135 2059956 1992988 2106284 9617441 1283372 8334069 330719 340681 454633 730506 381562 2238101 2431729 2431729 14287271 46293 0.58330 0.56010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4552521 5807 -162055 4396273 4510647 53681 -11807 4552521 3991812 398245 120590 4510647 3689544 225582 76686 3991812 3589639 61585 38320 3689544 0.62170 0.13240 0.24590 0 0 0 MUTUAL FUNDS 13416457 F COMMON STOCK 2665371 F 16081828 X 2094255 -62981 -62981 2157236 84266 -183428 -99162 2058074 732062 183428 183428 548634 84266 84266 632900 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 a non-profit organization as defined by Section 501(c)(3) of the Internal Revenue Code and is not subject to federal or state income taxes. 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, 2016, 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 NETTED AGAINST INCOME -183,428. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES NETTED AGAINST INCOME 183,428. GOLF CLASSIC 86037 74127 11910 4689 8072 4594 1878 angel bowl 165979 157019 8960 1682 12044 1381 14098 1 258991 220991 38000 7923 30372 39185 57510 511007 452137 58870 14294 50488 45160 73486 183428 -124558 0 0 0 0 0 0 0 0 0 Regina P Moody PRESIDENT/CEO 0 250875 0 0 0 5874 0 11200 0 3824 0 271773 0 0 CUONG C GIANG TREASURER/CFO 0 140472 0 0 0 1335 0 7244 0 3824 0 152875 0 0 X 1 22481 FMV X 2 22594 fmv 0 0 1 0 Form 990, Part VI, Section A, line 7a HOLY ANGELS, INC. IS THE SOLE MEMBER OF HOLY ANGELS FOUNDATION, INC. 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 11 A FULL COPY OF THE FORM 990 WILL NOT BE PROVIDED TO THE BOARD PRIOR TO FILING. HOWEVER, IN ORDER TO PROTECT THE PRIVACY OF THE DONORS, THE BOARD WILL REVIEW A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING. 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 competent 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. Form 990, Part XI, line 9: NET ASSET TRANSFERS TO AFFILIATES -1,250,480. FORM 990, PART XI, LINE 2C THE FINANCE AND AUDIT COMMITTEE, WHO MEET QUARTERLY, HAVE THE OVERSIGHT FOR THE AUDITED FINANCIAL STATEMENTS AS WELL AS THE SELECTION OF THE AUDITING FIRM. sisters of mercy of the americas south central community 101 mercy drive belmont NC 28012 help people in need NC 501(c)(3) church 0 sisters of mercy of north carolina foundation 2115 rexford rd ste 401 belmont NC 28012 supports work of tax-exempt healthcare, educational and social organizations NC 501(c)(3) church 0 holy angels inc po box 710 belmont NC 28012 510230406 to provide support to related organizations NC 501(c)(3) church 0 holy angels services inc po box 710 belmont NC 28012 561785000 TO PROVIDE COMPREHENSIVE CARE TO PRIMARILY CHILDREN WITH DISABILITIES NC 501(c)(3) 509(A)(2) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 sisters of mercy of north carolina foundation C 275200 fair market value holy angels inc R 120242 fair market value holy angels services R 937279 fair market value HOLY ANGELS Inc R 313201 Fair market value