FOSTER FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FOSTER FOUNDATION INC (EIN 55-0359756)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-07-18
- IRS object ID
- 201401999349100200
- Schema version
- 2013v3.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-18T07:47:49-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 550486667 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arnett Foster Toothman PLLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 2629 | AddressLine1 |
| City | Charleston | City |
| State | WV | State |
| ZIP Code | 25329 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 550359756 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foster Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOST | BusinessNameControlTxt |
| Phone | 3046971621 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Bradley Foster Drive | AddressLine1 |
| City | Huntington | City |
| State | WV | State |
| ZIP Code | 25701 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eileen N Wheeldon | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3046971621 | PhoneNum |
| Signature | 2014-06-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Dale Carpenter | PreparerPersonNm |
| PTIN | P00189642 | PTIN |
| Phone | 3043460441 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $46,865,318 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $444,635 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $444,635 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $444,635 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,125,044 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $34,469,908 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,125,044 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $8,906,933 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $279,229 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $8,906,933 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $12,476,612 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,848,908 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $9,351,568 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $330,726 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $3,307 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $327,419 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $3,586,520 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $279,211 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $3,368,484 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,272,586 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $99,071 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,101,013 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $39,725 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $39,725 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,004 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $28,504 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $519,040 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $330,653 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $188,387 | OtherProfFeesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,225,803 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,225,803 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $2,217,024 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $172,595 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $2,074,206 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $95,766 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $7,455 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $88,311 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,274,300 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $78,967 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $853,212 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,337,934 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,591,494 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $83,774 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,363,648 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,158,335 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $11,591,494 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $83,774 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,363,648 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,158,335 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $885,118 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,765,134 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,987,920 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,020 | CashBOYAmt |
| Cash EOY | $1,000 | CashEOYAmt |
| Cash EOYFMV | $1,000 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,259,374 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,040,382 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,040,379 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $148,706 | AcctRcvblAmt |
| Acct Rcvbl BOY | $85,340 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $148,706 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $148,709 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $39,271 | InventoriesBOYAmt |
| Inventories EOY | $59,939 | InventoriesEOYAmt |
| Inventories EOYFMV | $59,939 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $161,403 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $127,075 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $127,075 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $1,622,898 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,012,961 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,012,961 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $2,933,566 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,950,178 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,950,178 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,275,653 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,965,721 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,965,721 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $6,713,178 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $8,214,699 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $8,214,699 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $43,050,258 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,094,480 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $24,825,794 | LandBOYAmt |
| Land EOY | $25,955,778 | LandEOYAmt |
| Land EOYFMV | $25,955,778 | LandEOYFMVAmt |
| Other Assets BOY | $200,808 | OtherAssetsBOYAmt |
| Other Assets EOY | $388,879 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $388,879 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $41,118,305 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,865,318 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $46,865,318 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $718,827 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $669,032 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $9,691,102 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $9,545,808 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $16,749,332 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $23,000,000 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $1,951,395 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $807,552 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $29,110,656 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,022,392 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $12,007,649 | UnrestrictedBOYAmt |
| Unrestricted EOY | $12,842,926 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,007,649 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $12,842,926 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $41,118,305 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $46,865,318 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,007,649 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $885,118 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $12,892,767 | SubtotalAmt |
| Other Decreases | $49,841 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $12,842,926 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|
| Publicly traded securities | $32,493,232 | $30,972,888 | $1,520,344 | $1,520,344 | ||
| Insurance proceeds for roof replacement | $1,976,676 | $590,156 | $1,604,700 | $1,604,700 | P | $218,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,125,044 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt Operating Foundations | Yes (X) | ExemptOperatingFoundationsInd |
| Ruling Letter | 1992-11-30 | RulingLetterDt |
| Not Applicable | N/A | NotApplicableCd |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WV | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Eileen Wheeldon | IndividualWithBooksNm |
| Phone | 3046971621 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Bradley Foster Drive | AddressLine1 |
| City | Huntington | City |
| State | WV | State |
| ZIP Code | 25701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Dr Rick Wilson | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director | 1.00 | $0 | $0 | $0 |
| B C McGinnis III | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director | 1.00 | $0 | $0 | $0 |
| W Campbell Brown Jr | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Chair of the Board | 2.00 | $0 | $0 | $0 |
| Sandra Deppner Wright | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Secretary/Treasurer | 1.00 | $0 | $0 | $0 |
| Audy Perry | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director | 1.00 | $0 | $0 | $0 |
| Evan Jenkins | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Vice Chair of the Board | 1.00 | $0 | $0 | $0 |
| Eileen Wheeldon | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | CFO | 55.00 | $94,502 | $31,339 | $0 |
| Larry Mabry | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | CEO | 55.00 | $169,599 | $35,286 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| Charles Stevens | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Former HR Director | 50.00 | $62,894 | $29,729 | $0 |
| Gary W Yelley | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director of Maintena | 50.00 | $60,345 | $25,567 | $0 |
| Debbie Annett | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director of Food Ser | 50.00 | $53,328 | $28,687 | $0 |
| Christopher Blair | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Director of Nursing | 55.00 | $63,740 | $11,331 | $0 |
| Dewey Romans | ||||||||
| 1 Bradley Foster Drive | Huntington | WV | 25701 | Maintenance Supervis | 45.00 | $40,195 | $28,331 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Robert L Adkins & Sons Inc | |||||
| 36 Twin Oaks Drive | Huntington | WV | 25701 | Construction | $594,222 |
| Ferguson Brothers | |||||
| 912 Madison Avenue | Huntington | WV | 25704 | Construction/Plumbing | $132,800 |
| Flawless Flooring & Finishing | |||||
| 6148 Childers Road | Barboursville | WV | 25504 | Construction | $112,879 |
| Jeffrey M Eastham | |||||
| 3992 State Route 7 | Chesapeake | OH | 45619 | Engineering Services | $100,000 |
| Securitas Security Services | |||||
| PO Box 403412 | Atlanta | GA | 30384 | Security Services | $86,992 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 2 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Operated a continuing care retirement community that provided shelter and support to residents living in 172 apartments, 23 cottages, and 91 beds in nursing unit. | Description1Txt |
| Expenses1 | $10,885,777 | Expenses1Amt |
| Description2 | Acquired assets used to provide shelter and support to residents of the continuing care community. | Description2Txt |
| Expenses2 | $251,087 | Expenses2Amt |
| Description3 | Provided financial subsidies to residents who were unable to pay the regular monthly charges due to financial difficulty. | Description3Txt |
| Expenses3 | $46,000 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,206,454 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,220,364 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $388,879 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,815,697 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,815,697 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $237,235 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,578,462 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $778,923 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,158,335 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $251,087 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $8,409,422 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $8,409,422 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1992-11-30 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $778,923 | CurrentYearAmt |
| Year1 | $720,535 | Year1Amt |
| Year2 | $789,883 | Year2Amt |
| Year3 | $791,872 | Year3Amt |
| Total | $3,081,213 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $662,085 | CurrentYearAmt |
| Year1 | $612,455 | Year1Amt |
| Year2 | $671,401 | Year2Amt |
| Year3 | $673,091 | Year3Amt |
| Total | $2,619,031 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $8,409,422 | CurrentYearAmt |
| Year1 | $8,422,085 | Year1Amt |
| Year2 | $7,766,680 | Year2Amt |
| Year3 | $7,548,831 | Year3Amt |
| Total | $32,147,018 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $8,409,422 | CurrentYearAmt |
| Year1 | $8,422,085 | Year1Amt |
| Year2 | $7,766,680 | Year2Amt |
| Year3 | $7,548,831 | Year3Amt |
| Total | $32,147,018 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $519,282 | CurrentYearAmt |
| Year1 | $480,357 | Year1Amt |
| Year2 | $526,589 | Year2Amt |
| Year3 | $527,915 | Year3Amt |
| Total | $2,054,143 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| Resident service revenue | $7,777,962 | ||
| Other program revenue | 03 | $849,742 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $444,635 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $279,229 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,125,044 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,698,650 | ExclusionAmt |
| Related Or Exempt Function Incm | $7,777,962 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,476,612 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1a | LineNumberTxt |
| Relationship Statement | The organization operated a continuing care retirement community for elderly persons whose condition in life renders them objects of charity and for whom no sufficient aid or help is provided by public authority. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & auditing fees | CategoryTxt |
| Amt | $30,004 | Amt |
| Net Investment Income | $1,500 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $28,504 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | AcquiredAcquiredDt | Prior Year DepreciationPriorYearDepreciationAmt | RtRt |
|---|---|---|---|---|---|---|---|---|
| Land - woodlands | $301,058 | L | $0 | $0 | $0 | |||
| Land - other | $9,195 | L | $0 | $0 | $0 | |||
| Land improvements | $3,763,739 | SL | $130,322 | $0 | $130,322 | 2010-06-30 | $2,557,092 | 0.000000000000 |
| Building & improvements | $36,458,612 | SL | $973,607 | $0 | $973,607 | 2010-06-30 | $11,743,166 | 0.000000000000 |
| Furniture & equipment | $2,517,654 | SL | $121,874 | $0 | $121,874 | 2010-06-30 | $1,568,419 | 0.000000000000 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Corporate bonds | BondNm |
| EOY Book Value | $1,965,721 | EOYBookValueAmt |
| EOYFMV | $1,965,721 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Publicly traded securities | StockNm |
| EOY Book Value | $1,950,178 | EOYBookValueAmt |
| EOYFMV | $1,950,178 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,012,961 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,012,961 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Mutual funds | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $8,214,699 | BookValueAmt |
| EOYFMV | $8,214,699 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Land - woodlands | $301,058 | $0 | $301,058 |
| Land - other | $9,195 | $0 | $9,195 |
| Land improvements | $3,763,739 | $2,687,414 | $1,076,325 |
| Building & improvements | $36,458,612 | $12,716,773 | $23,741,839 |
| Furniture & equipment | $2,517,654 | $1,690,293 | $827,361 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $39,725 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $39,725 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cabell County WV bonds | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | None | InsiderRelationshipTxt |
| Loan Original | $23,000,000 | LoanOriginalAmt |
| Balance Due | $23,000,000 | BalanceDueAmt |
| Note | 2013-12 | NoteDt |
| Loan Maturity | 2020-12 | LoanMaturityDt |
| Repayment Terms | 20 year amortization with 7 year balloon | RepaymentTermsTxt |
| Interest | 3.740000000000 | InterestRt |
| Security Provided Borrower | Revenues and security interest in all real and personal property | SecurityProvidedBorrowerTxt |
| Loan Purpose | Refunding and construction loan | LoanPurposeTxt |
| Lender Consideration | Cash | LenderConsiderationDesc |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Net deferred financing costs | $158,764 | $367,864 | $367,864 |
| Interest & Dividends Receivable | $42,044 | $21,015 | $21,015 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Unrealized loss on marketable securities | Description |
| Amount | $49,841 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Supplies & food | $1,150,874 | $0 | $89,596 | $1,004,605 |
| Insurance | $199,081 | $0 | $15,498 | $236,069 |
| Loss on Extinguishment of Debt | $621,943 | $0 | $621,943 | $0 |
| Administrative expenses | $33,990 | $0 | $33,990 | $0 |
| Resident supplement | $35,090 | $0 | $0 | $35,090 |
| Bank fees | $78,967 | $78,967 | $0 | $0 |
| Other expenses | $51,757 | $0 | $4,051 | $47,706 |
| Bond refinancing costs | $19,803 | $0 | $19,803 | $0 |
| Turnovers | $15,523 | $0 | $15,523 | $0 |
| Contract Labor | $67,272 | $0 | $52,808 | $14,464 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Oil & gas royalties | $279,229 | $279,229 | $279,229 |
| Resident service revenue | $7,777,962 | $7,777,962 | |
| Other program revenue | $849,742 | $849,742 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deposits on resident units | $456,000 | $421,000 |
| Deferred Revenue-Insurance Proceeds | $1,495,395 | $386,552 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Other Professional Services | CategoryTxt |
| Amt | $519,040 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $330,653 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $188,387 | DisbursementsCharitablePrpsAmt |
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