Sears Tyler Methodist Retirement Corporation: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- Sears Tyler Methodist Retirement Corporation (EIN 20-3500571)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201323199349303582
- Schema version
- 2012v2.1
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T10:25:56-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CliftonLarsonAllen | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 Spring Valley Road Suite 600W | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 75244 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203500571 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sears Tyler Methodist Retirement Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SEAR | NameControl |
| Phone | 3256915519 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Village Drive No 400 | AddressLine1 |
| City | Abilene | City |
| State | TX | State |
| ZIP Code | 79606 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Terry Myers | Name |
| Title | Senior VP & CFO | Title |
| Phone | 3256915519 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Troy Langsdale | Name |
| PTIN | P00847944 | PTIN |
| Phone | 9723835700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Meadow Lake Retirement Community | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Gregory A Williams | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 Lost Creek Blvd Suite 220 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7305801 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.sears-methodist.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 207 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 23687 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2666381 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7276592 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 82952 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5522 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2749333 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7305801 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 288908 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2287819 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3150794 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6996024 | OtherExpensePriorYear |
| Other Expenses Current Year | 8670916 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9283843 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12110618 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6534510 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4804817 | RevenuesLessExpensesCY |
| Total Assets BOY | 61786146 | TotalAssetsBOY |
| Total Assets EOY | 57428948 | TotalAssetsEOY |
| Total Liabilities BOY | 65137764 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 64474450 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -3351618 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -7045502 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The mission of Sears is to provide leadership in response to the needs of our aging population. We believe we have a responsibility for studying, analyzing, planning, developing, and implementing quality service to the aging where appropriate needs are found for Health Care and residential living services and can be provided in a Christian environment. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11370925 | Expense |
| Grants | 288908 | Grants |
| Revenue | 7276592 | Revenue |
| Description | Sears Tyler Methodist Retirement Corporation is organized to develop, own and operate a continuing care retirement community. The development was completed during 2010 with the completion of 12 executive homes and 80 independent living apartments, and in 2011 with the completion of the remaining 20 assisted living units, 34 memory support units and 30 bed health center. In addition, during 2011, the organization completed contruction of an additional 15 executive homes. During 2012, 3 additional homes were completed. The organization has a total potential capacity of 56 executive homes. | Description |
| Total Program Service Expense | 11370925 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 45 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 207 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Terry Myers CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5123296716 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 Lost Creek Boulevard Suite 220 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Jeffrey Smith | ||||||||
| Board Chairman | 1.00 | 8.00 | X | X | 0 | 0 | 0 | |
| Rick Rhodes | ||||||||
| Board Vice Chairman | 1.00 | 8.00 | X | X | 0 | 0 | 0 | |
| Vance Goddard | ||||||||
| Board Secretary | 1.00 | 8.00 | X | X | 0 | 0 | 0 | |
| Steve Exter | ||||||||
| Board Treasurer | 1.00 | 8.00 | X | X | 0 | 0 | 0 | |
| Quintan Chamness | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| Carol Denton | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| Dan Olson | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| David Lynn | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| Larry Dodson | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| Barbara Cherry | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| Dr Howard Tobin | ||||||||
| Board Member | 1.00 | 8.00 | X | 0 | 0 | 0 | ||
| D Keith Perry | ||||||||
| Pres., CEO, Ex Officio Trustee | 2.00 | 38.00 | X | 0 | 411552 | 33000 | ||
| M Terry Myers | ||||||||
| Senior VP, CFO | 2.00 | 38.00 | X | 0 | 233573 | 11675 | ||
| Gary Anderson | ||||||||
| Executive VP & COO | 2.00 | 38.00 | X | 0 | 287012 | 14135 | ||
| Michael Sims | ||||||||
| Senior VP - Operations | 1.00 | 39.00 | X | 0 | 186320 | 9000 | ||
| Jan Thompson | ||||||||
| Senior VP & General Counsel | 2.00 | 38.00 | X | 0 | 23744 | 0 | ||
| Randal Crosswhite | ||||||||
| VP & Controller | 2.00 | 38.00 | X | 0 | 137708 | 6875 | ||
| Kenneth Fincher | ||||||||
| VP & Director of Foundation | 1.00 | 39.00 | X | 0 | 127212 | 6180 | ||
| Kent Herring | ||||||||
| Regional VP & Executive Director | 1.00 | 39.00 | X | 0 | 123712 | 6180 | ||
| Gordon Shoger | ||||||||
| VP - Financial Operations | 2.00 | 38.00 | X | 0 | 120112 | 6000 | ||
| Windell Hawkins | ||||||||
| VP - Risk Management | 2.00 | 38.00 | X | 0 | 110112 | 5500 | ||
| Jayne Buchanan | ||||||||
| VP - Veterans Services | 2.00 | 38.00 | X | 0 | 106220 | 5301 | ||
| Mary Goodin | ||||||||
| VP - Clinical Services | 2.00 | 38.00 | X | 0 | 105320 | 5250 | ||
| Terry Huskey | ||||||||
| VP - Information Technology | 2.00 | 38.00 | X | 0 | 100208 | 5000 | ||
| Melanie Juel | ||||||||
| VP - Human Resources | 2.00 | 38.00 | X | 0 | 93750 | 4688 | ||
| Robert Haak | ||||||||
| VP - Environmental Services | 2.00 | 38.00 | X | 0 | 89149 | 2738 | ||
| Mary Jane Fitts | ||||||||
| VP - Marketing | 2.00 | 38.00 | X | 0 | 81086 | 2613 | ||
| Dennis Briggs | ||||||||
| VP - Dining Services | 2.00 | 38.00 | X | 0 | 56223 | 2558 | ||
| Stephen Illingworth | ||||||||
| VP - Veterans Services | 2.00 | 38.00 | X | 0 | 34031 | 1702 | ||
| Eugene DuChamp | ||||||||
| VP - Project Management | 2.00 | 38.00 | X | 0 | 9365 | 0 | ||
| Gregory Hattori | ||||||||
| Sales Director | 2.00 | 38.00 | 0 | 160076 | 4115 | X | ||
| Jeffrey Busjahn | ||||||||
| Executive Director | 1.00 | 39.00 | 0 | 120048 | 6000 | X | ||
| Cheryl Harding | ||||||||
| Executive Director | 1.00 | 39.00 | 0 | 115790 | 5216 | X | ||
| Cy Jenkins | ||||||||
| Administrator | 2.00 | 38.00 | 0 | 105616 | 5250 | X | ||
| Pamela McGrew | ||||||||
| Executive Director | 2.00 | 38.00 | 0 | 100958 | 5044 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3038897 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 154020 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Choice Rehab | |||||
| PO Box 6336 | Tyler | TX | 75711 | Therapy | 487650 |
| Ben E Keith | |||||
| PO Box 901001 | Ft Worth | TX | 76101 | Raw Food | 340992 |
| Conway | |||||
| PO Box 800 | Whitehouse | TX | 75791 | Construction | 294171 |
| Western Builders | |||||
| PO Box 15368 | Amarillo | TX | 791055368 | Construction | 271528 |
| Pharmerica | |||||
| PO Box 409251 | Atlanta | GA | 303849251 | Resident RX Drugs | 220407 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Related Organizations | 23684 | RelatedOrganizations |
| All Other Contributions | 3 | AllOtherContributions |
| Total Contributions | 23687 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Resident Charges | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 7276592 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7276592 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7276592 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4842 | TotalRevenueColumn |
| Exclusion | $4,842 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 680 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 680 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 680 | TotalRevenueColumn |
| Exclusion | $680 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7305801 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7276592 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $5,522 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 288908 | Total |
| Program Services | 288908 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2898525 | Total |
| Program Services | 2530769 | ProgramServices |
| Management And General | 367756 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 252269 | Total |
| Program Services | 252269 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7782 | Total |
| Management And General | 7782 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 371546 | Total |
| Program Services | 371546 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260079 | Total |
| Management And General | 260079 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137233 | Total |
| Program Services | 137233 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 580801 | Total |
| Program Services | 580801 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27863 | Total |
| Program Services | 15435 | ProgramServices |
| Management And General | 12428 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1452 | Total |
| Management And General | 1452 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3426554 | Total |
| Program Services | 3426554 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1959014 | Total |
| Program Services | 1959014 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 493379 | Total |
| Program Services | 493379 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Ancillary | 480235 | 480235 | |
| Supplies | 460939 | 460939 | |
| Equipment Rental | 239879 | 239879 | |
| Other/Miscellaneous Exp | 171393 | 116197 | 55196 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52767 | Total |
| Program Services | 17767 | ProgramServices |
| Management And General | 35000 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12110618 | Total |
| Program Services | 11370925 | ProgramServices |
| Management And General | 739693 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7061 | BOY |
| EOY | 82689 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 941272 | BOY |
| EOY | 1246488 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192198 | BOY |
| EOY | 396900 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17169 | BOY |
| EOY | 15109 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35390 | BOY |
| EOY | 20810 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 52788159 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2806498 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50859913 | BOY |
| EOY | 49981661 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11610 | BOY |
| EOY | 23861 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9721533 | BOY |
| EOY | 5661430 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61786146 | BOY |
| EOY | 57428948 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1048670 | BOY |
| EOY | 795204 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13537575 | BOY |
| EOY | 15861501 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43718990 | BOY |
| EOY | 42198175 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6832529 | BOY |
| EOY | 5619570 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65137764 | BOY |
| EOY | 64474450 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3351618 | BOY |
| EOY | -7045502 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3351618 | BOY |
| EOY | -7045502 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61786146 | BOY |
| EOY | 57428948 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -4804817 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -3069 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 1114002 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 149161 | CurrentTaxYearMinus2Years |
| Current Tax Year | 23687 | CurrentTaxYear |
| Total | 172848 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 80335 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2666381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7276592 | CurrentTaxYear |
| Total | 10023308 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 229496 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2666381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7300279 | CurrentTaxYear |
| Total | 10196156 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 10196156 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 82952 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4842 | CurrentTaxYear |
| Total | 87794 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 82952 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4842 | CurrentTaxYear |
| Total | 87794 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 229496 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2749333 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7305121 | CurrentTaxYear |
| Total | 10283950 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99150 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.96050 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00850 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.03950 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1297813 | OtherCostOrOtherBasis |
| Book Value | 1297813 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 47639311 | OtherCostOrOtherBasis |
| Depreciation | 2106991 | Depreciation |
| Book Value | 45532320 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 828248 | OtherCostOrOtherBasis |
| Depreciation | 160216 | Depreciation |
| Book Value | 668032 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3022787 | OtherCostOrOtherBasis |
| Depreciation | 539291 | Depreciation |
| Book Value | 2483496 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 49981661 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (7 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Bond Issuance Costs - 07 Series | 2136489 |
| Debt Service Res | 37614 |
| Bond Interest Fund - 09 Series | 528463 |
| Deferred Marketing Cost | 2091731 |
| Construction in Progress | 163633 |
| Bond Service Funds | 634017 |
| Due from Other Campuses | 69483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 5661430 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Due to Related Parties | $4,955,011 |
| Priority Cottage Deposits | $664,559 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5619570 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 7026075 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -3069 | NetUnrealizedGainsInvestments |
| Other Revenues | 12251 | OtherRevenues |
| Revenue Not Rptd F990 | 9182 | RevenueNotRptdF990 |
| Revenue Subtotal | 7016893 | RevenueSubtotal |
| Other Revenues Not Included | 288908 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 288908 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7305801 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11821710 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11821710 | ExpensesSubtotal |
| Other Expenses Not Included | 288908 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 288908 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12110618 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | The Organization has been granted exempt status relative to federal and state corporate income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state codes. The Organization's income tax returns are subject to review and examination by federal, state, and local authorities. The tax returns for the years 2009 to 2012 are open to examination by federal, local, and state authorities. The Organization is not aware of any activities that would jeopardize its tax-exempt status. |
| Part XI, Line 2d - Other Adjustments: | Change in SMF Investment 12,251. | |
| Part XI, Line 4b - Other Adjustments: | Grant Expense Reclassed for Tax Purposes 288,908. | |
| Part XII, Line 4b - Other Adjustments: | Grant Expense Reclassed for Tax Purposes 288,908. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Charitable Discounts to Residents | TypeOfGrant |
| Number Of Recipients | 67 | NumberOfRecipients |
| Amount Of Cash Grant | 288908 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The recipients fill out a detailed application which requires the CEO's approval before the funds are released for assistance. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D Keith Perry | ||||||||||||||
| Pres., CEO, Ex Officio Trustee | 0 | 381323 | 0 | 22709 | 0 | 7520 | 0 | 33000 | 0 | 0 | 0 | 444552 | 0 | 0 |
| M Terry Myers | ||||||||||||||
| Senior VP, CFO | 0 | 233500 | 0 | 0 | 0 | 73 | 0 | 11675 | 0 | 0 | 0 | 245248 | 0 | 0 |
| Gary Anderson | ||||||||||||||
| Executive VP & COO | 0 | 282692 | 0 | 0 | 0 | 4320 | 0 | 14135 | 0 | 0 | 0 | 301147 | 0 | 0 |
| Michael Sims | ||||||||||||||
| Senior VP - Operations | 0 | 180000 | 0 | 0 | 0 | 6320 | 0 | 9000 | 0 | 0 | 0 | 195320 | 0 | 0 |
| Gregory Hattori | ||||||||||||||
| Sales Director | 0 | 82376 | 0 | 0 | 0 | 77700 | 0 | 4115 | 0 | 0 | 0 | 164191 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Lines 4a-b | ReturnReference |
| Explanation | Per Form 990, Schedule J, Part 1, Line 4a, the following people received severance payments. Here are their names and the amounts contributed: Mary Jane Fitts $28,769 Robert Haak $32,500 Per Form 990, Schedule J, Part 1, Line 4b, the following people participated in, or received payment from, a supplemental nonqualified retirement plan. Here are their names and the amounts contributed: Keith Perry $33000 Terry Myers $11675 Gary Anderson $14135 Michael Sims $9000 Randal Crosswhite $6875 Kenneth Fincher $6180 Kent Herring $6180 Gordon Shoger $6000 Jeffrey Busjahn $6000 Windell Hawkins $5500 Jayne Buchanan $5301 Mary Goodin $5250 Cy Jenkins $5250 Cheryl Harding $5216 Pamela McGrew $5044 Terry Huskey $5000 Melanie Juel $4688 Gregory Hattori $4115 Robert Haak $2738 Mary Jane Fitts $2613 Dennis Briggs $2558 Stephen Illingworth $1702 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| HFDC Of Central Texas Inc | ||||||||
| A | 371453424 | 42833NAV6 | 2009-11-10 | 43028799 | Construction of Meadow Lake Project | 0 | 0 | 0 |
| HFDC Of Central Texas Inc | ||||||||
| B | 371453424 | 42833TBBO | 2011-03-09 | 5341015 | Construction & related capital expenditures | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 6295000 | 43950000 | 37614 | 528463 | 4087978 | 860575 | 5587978 | 30833331 | 2014061 | 2011 | 0 | 0 | 1 | 1 |
| B | 5341015 | 106820 | 5234195 | 2011 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 0 |
| B | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI (2 entries)
| ExplanationExplanation |
|---|
| Schedule K, Parts I & II: There is a difference between the issue price and total proceeds of issue for the 2009 bond shown in Column A because it was issued at a $921,200 discount. |
| The organization has represented that it will, and covenanted to, comply with all tax requirements imposed by the Code to satisfy Sections 141 and 145 through 150 of the Code in the tax certificate and loan agreement related to the tax-exempt bond issue. Other than these representations and covenants, the organization has not adopted post-issuance monitoring procedures. The organization realizes that post-issuance monitoring procedures are an important tool in the management of issues arising after tax-exempt bonds are issued. While the organization does not currently have detailed written procedures, it however has consultants, with whom it consults from time to time on an ad hoc basis, including bond counsel, to ensure ongoing compliance with tax and securities laws. In addition, the organization is considering establishing additional post-issuance monitoring procedures to ensure continued compliance with Sections 141 and 145 through 150 of the Code. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee often makes decisions for the Board; however, the Board is always notified of any action the Executive Committee takes. The Executive Committee is composed of the Chairman, Vice Chairman, Secretary, Treasurer, and President. The President is a non-voting member with voice. With regard to scope, the Executive Committee "shall possess and may exercise all the powers of the Board of Trustees except as subject to the provisions of Article 7.07. The Executive Committee shall exercise these powers only when it is impractical to convene a called meeting of the Board of Trustees. The Board of Trustees may delegate specific authority or responsibility to the Executive Committee." The Executive Committee may not: Amend the Articles of Incorporation; Adopt a plan of merger or a plan of consolidation with another corporation; Authorize the sale, lease, exchange, or mortgage of all or substantially all of the property and assets of the Corporation; Authorize the voluntary dissolution of the Corporation; Revoke proceedings for the voluntary dissolution of the Corporation; Adopt a plan for the distribution of the assets of the Corporation; Amend, alter or repeal the bylaws; Elect, appoint, or remove a member of a committee or a Trustee or officer of the Corporation; Approve any transaction to which the Corporation is a party and that involves a potential conflict of interest as defined in paragraph 10.05, below; Take any action outside the scope of authority delegated to it by the Board of Trustees; Take final action on a matter that requires the approval of the Board of Trustees. | |
| Form 990, Part VI, Section A, line 3 | The Organization delegates management duties including supervising personnel, operations, and budgeting to Sears Methodist Retirement System, Inc., the parent company. | |
| Form 990, Part VI, Section B, line 11 | A copy of the form 990 was made available to all board members for review and approval before filing the return. | |
| Form 990, Part VI, Section B, line 12c | Conflict of Interest statements are completed annually by Sears Methodist Retirement System Board of Trustees, Sears Tyler Methodist Retirement Center Board of Directors and all senior staff. Any new Board Members or senior staff are required to complete the statement upon hire. | |
| Form 990, Part VI, Section B, line 15 | The compensation for the CEO is determined by the performance/compensation committee and is approved by the board in an annual review. Any raise or bonus is discussed and voted on by the board. Every few years an outside compensation specialist is hired to help determine compensation for the CEO. Each senior VP or executive VP review or salary increase is determined by the CEO in an annual review process. Each senior VP has key officers under them that are reviewed in the same manner. | |
| Form 990, Part VI, Section C, line 19 | ALTHOUGH NOT REQUIRED, PHOTO COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED TO ALL WHO REQUEST ONE OR MORE OF THESE DOCUMENTS. | |
| Form 990, Part XI, line 9: | Change in SMF Investment 12,251. Intercompany Fund Transfer 1,101,751. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2C: | The organization has a committee which assumes responsibility for choosing the independent auditor and oversight of the independent audit. This process is consistent with prior years. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Sears Methodist Retirement System Inc | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752516330 | Senior Living | TX | 501(c)(3) | Line 11b, II | N/A | 0 |
| Sears Panhandle Retirement Corporation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752503233 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
| Sears Methodist Foundation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752692545 | Manages charitable funds for all SMRS related entities | TX | 501(c)(3) | Line 11c, III-FI | N/A | 0 |
| Sears Methodist Centers Inc | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 751234917 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
| Sears Caprock Retirement Corporation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 020709581 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
| Sears Plains Retirement Corporation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752768233 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
| Sears Brazos Retirement Corporation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 010598053 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
| Sears Permian Retirement Corporation | ||||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752707608 | Senior Living | TX | 501(c)(3) | Line 9 | N/A | 0 |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Canyons Senior Living LP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 West Seventh | AddressLine1 |
| City | Amarillo | City |
| State | TX | State |
| ZIP Code | 79106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260888545 | EIN |
| Primary Activity | Low Income Sr. Housing | PrimaryActivity |
| Legal Domicile State | TX | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | Related | PredominantIncomeType |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| Senior Dimensions Inc | |||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 752814016 | Consulting | TX | N/A | C | 0 |
| Texas Senior Management Inc | |||||||||
| One Village Drive Suite 400 | Abilene | TX | 79606 | 320333801 | Management | TX | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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