2013-11-15T10:33:49-06:00 2012-12-31 410746749 CliftonLarsonAllen 5001 Spring Valley Road Suite 600W Dallas TX 75244 990 2012-01-01 751234917 Sears Methodist Centers Inc SEAR 3256915519 One Village Drive No 400 Abilene TX 79606 Terry Myers 3256915519 2013-11-14 1 Troy Langsdale P00847944 9723835700 2012 2016-02-25 16:41:14Z Gregory A Williams 1114 Lost Creek Blvd Suite 220 Austin TX 78746 10575732 0 X www.sears-methodist.com X 1965 TX 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. 10 10 232 20 0 0 70938 24433 17297121 10510855 2795417 31997 -10817 8447 20152659 10575732 0 304694 0 0 10764785 5750877 0 0 0 6553220 3984466 17318005 10040037 2834654 535695 41049795 30081914 9901821 12862756 31147974 17219158 X 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. 0 1 7922883 304694 10510855 The organization Provides long-term nursing care to elderly who are no longer able to care for themselves or elderly who may have different stages of Dementia. Assistance is also provided to senior citizens who are still somewhat independent with their daily lives - offering services such as meals, housekeeping, and the availability of nursing staff. Other services provided include home health & hospice services to residents in our long term care communities as well as the outside community. Also provide specialty assistance such as 24 hour care, assistance for personal needs, & home health maintenance. Therapy services can also be provided to residents of our communities. 7922883 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 232 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Terry Myers 5123296716 1114 Lost Creek Blvd Suite 220 Austin TX 78746 Jeffrey Smith 1.00 8.00 X X 0 0 0 Rick Rhodes 1.00 8.00 X X 0 0 0 Vance Goddard 1.00 8.00 X X 0 0 0 Steve Exter 1.00 8.00 X X 0 0 0 Quintan Chamness 1.00 8.00 X 0 0 0 Carol Denton 1.00 8.00 X 0 0 0 Dan Olson 1.00 8.00 X 0 0 0 David Lynn 1.00 8.00 X 0 0 0 Larry Dodson 1.00 8.00 X 0 0 0 Barbara Cherry 1.00 8.00 X 0 0 0 Dr Howard Tobin 1.00 8.00 X 0 0 0 Kent Herring 39.00 1.00 X 0 123712 6180 D Keith Perry 2.00 38.00 X 0 411552 33000 M Terry Myers 2.00 38.00 X 0 233573 11675 Cheryl Harding 1.00 39.00 X 0 115790 5216 Jeff Busjahn 1.00 39.00 X 0 120048 6000 Gary Anderson 2.00 38.00 X 0 287012 14135 Michael Sims 1.00 39.00 X 0 186320 9000 Jan Thompson 2.00 38.00 X 0 23744 0 Randal Crosswhite 2.00 38.00 X 0 137708 6875 Kenneth Fincher 1.00 39.00 X 0 127212 6180 Gordon Shoger 2.00 38.00 X 0 120112 6000 Windell Hawkins 2.00 38.00 X 0 110112 5500 Jayne Buchanan 2.00 38.00 X 0 106220 5301 Mary Goodin 2.00 38.00 X 0 105320 5250 Terry Huskey 2.00 38.00 X 0 100208 5000 Melanie Juel 2.00 38.00 X 0 93750 4688 Robert Haak 2.00 38.00 X 0 89149 2738 Mary Jane Fitts 2.00 38.00 X 0 81086 2613 Dennis Briggs 2.00 38.00 X 0 56223 2558 Stephen Illingworth 2.00 38.00 X 0 34031 1702 Eugene DuChamp 2.00 38.00 X 0 9365 0 Gregory Hattori 2.00 38.00 X 0 160076 4115 Cy Jenkins 2.00 38.00 X 0 105616 5250 Pamela McGrew 2.00 38.00 X 0 100958 5044 0 3038897 154020 0 0 1 0 Sears Methodist Retirement One Village Drive Suite 400 Abilene TX 79606 Healthcare 500000 Ben E Keith PO Box 901001 Fort Worth TX 76101 Food Service 398166 Mankin & Sons Gardens 4002 N 1st Street Abilene TX 79603 Landscaping 218884 MP2 Energy Texas PO Box 202829 Dallas TX 75320 Utilities 200523 Southwest Therapy Associates One Village Drive Suite 400 Abilene TX 79606 Therapy 161777 5 24433 24433 Resident Services 623000 10510855 10510855 10510855 31997 0 31997 31997 31997 Other Revenue 900099 8447 8447 8447 10575732 10510855 0 40444 304694 304694 5063262 3970679 1092583 334508 262326 72182 353107 276911 76196 516000 516000 9221 9221 395978 395978 68017 68017 85897 85897 488781 479005 9776 77087 53783 23304 12175 3102 9073 19423 19035 388 977281 957735 19546 199909 195911 3998 Food 388477 388477 Supplies 254580 242334 12246 Ancillary Expense 181671 181671 Equipment Rental & Main 162596 159344 3252 147373 31898 115475 10040037 7922883 2117154 0 900 650 9534330 0 1409775 283692 34108 17661 32597 9897 36450691 7522940 28206460 28927751 1170834 735757 660791 106506 41049795 30081914 713376 525305 8056680 9644356 377852 300429 753913 2392666 9901821 12862756 X 31147974 17219158 31147974 17219158 41049795 30081914 X 535695 -14464511 X X 0 1 X 1 0 X 231390 248933 59034 70938 24433 634728 28324042 22232210 20390812 17297121 10510855 98755040 28555432 22481143 20449846 17368059 10535288 99389768 0 0 0 99389768 88174 66347 27346 -260 181607 88174 66347 27346 -260 181607 113225 31534 41754 -10817 8447 184143 28756831 22579024 20518946 17356982 10543735 99755518 0.99630 0.99420 0.00180 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 949358 949358 33636047 6638245 26997802 8706 8706 1856580 884695 971885 28927751 Resident Security Deposits 136812 Sweep Overdraft 2255854 2392666 X Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The system adopted the income tax standard for uncertain tax positions. This standard clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements in accordance with the income tax standard. This standard prescribes recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The System's income tax returns are subject to review and examination by federal, state, and local authorities. The System is not aware of any activities that would jeopardize its tax-exempt status. The System is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. The tax returns for the years 2009 to 2012 are open to examination by federal, local, and state authorities. 1 Charitable Discounts to Residents 47 304694 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. X X 1 1 0 0 0 0 0 0 0 D Keith Perry 0 381323 0 22709 0 7520 0 33000 0 0 0 444552 0 0 M Terry Myers 0 233500 0 0 0 73 0 11675 0 0 0 245248 0 0 Gary Anderson 0 282692 0 0 0 4320 0 14135 0 0 0 301147 0 0 Michael Sims 0 180000 0 0 0 6320 0 9000 0 0 0 195320 0 0 Gregory Hattori 0 82376 0 0 0 77700 0 4115 0 0 0 164191 0 0 Part I, Lines 4a-b 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 Changes in Program Services Form 990, Part III, line 3 During the year, some of the divisions of Sears Methodist Centers, Inc ceased conducting or made significant changes. Sears Methodist Hospice (Hospice) operated an in-home hospice service to seniors in Abilene, Texas. During 2011, the System agreed to sell the operating license of Hospice to an unrelated party, which closed in February 2012. Sears Home Health (Home Health) operated a home health agency with operations in Abilene and Wichita Falls, Texas. The operations in Wichita Falls were sold in 2010, and the remaining Home Health operations were closed in 2011. Southwest Therapy Associates (Southwest Therapy) provided rehabilitation services to Sears Methodist Centers, Inc's tax-exempt related entities. Services provided started to discontinue in 2010 with operations fully closing in January 2013. 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, 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 Methodist Centers 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 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, the organization provides photocopies of its governing documents, conflict of interest policy, and financial statements available to all who request one or more these items. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Intercompany Fund Transfers -11,029,432. Debt Service Payments -3,000,000. Change in SMF Investment -435,079. Audit Committee / Financial Statement Oversight FORM 990, PART XII, LINE 2C: This process has not changed from the prior year. Sears Methodist Retirement System Inc One Village Dr Suite 400 Abilene TX 79606 752516330 Senior Living TX 501(c)(3) Line 11b, II N/A 0 Sears Panhandle Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 752503233 Senior Living TX 501(c)(3) Line 9 N/A 0 Sears Permian Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 752707608 Senior Living TX 501(c)(3) Line 9 N/A 0 Sears Methodist Foundation One Village Dr Suite 400 Abilene TX 79606 752692545 Manages charitable funds for all SMRS entities TX 501(c)(3) Line 11c, III-FI N/A 0 Sears Caprock Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 020709581 Senior Living TX 501(c)(3) Line 9 N/A 0 Sears Plains Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 752768233 Senior Living TX 501(c)(3) Line 9 N/A 0 Sears Brazos Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 010598053 Senior Living TX 501(c)(3) Line 9 N/A 0 Sears Tyler Methodist Retirement Corporation One Village Dr Suite 400 Abilene TX 79606 203500571 Senior Living TX 501(c)(3) Line 9 N/A 0 Canyon Senior Living LP 2200 W 7th St Amarillo TX 79106 260888545 Low Income Sr. Housing TX N/A N/A 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0