2012-03-13T07:31:52-05:00 2011-07-31 BOBBITT PITTENGER & COMPANY PA 1605 MAIN STREET SUITE 1010 SARASOTA FL 34236 990 2010-08-01 592988752 PINES OF SARASOTA FOUNDATION INC PINE 9419556293 1501 N ORANGE AVENUE SARASOTA FL 34236 ESTELLE CRAWFORD 9419556293 2012-03-13 1 KIMBALL R BOBBITT 9413664450 2012-03-13 2010 2016-02-24 21:20:13Z ESTELLE CRAWFORD 1501 N ORANGE AVENUE SARASOTA FL 34236 6489661 0 X WWW.PINESOFSARASOTA.ORG X 1989 FL THE MISSION OF PINES OF SARASOTA FOUNDATION IS TO ENSURE THE SUSTAINABILITY OF PINES OF SARASOTA, A NONPROFIT SENIOR CARE CAMPUS PROVIDING ASSISTED LIVING, SKILLED NURSING AND ALZHEIMER'S DEMENTIA CARE. SIGNIFICANT FUNDRAISING ACTIVITIES INCLUDE UNDERWRITING CAPITAL, PROGRAM SERVICES EXPENSES AND RAISING ENDOWMENT MONEY. 10 10 6 25 0 0 896707 1662183 0 0 538602 527000 177546 206452 1612855 2395635 827255 795155 0 0 206265 304418 0 86400 360733 291534 223911 1325054 1409884 287801 985751 6366507 7485424 25237 8079 6341270 7477345 SEE PART I, LINE 1 0 0 14028 14028 PINNACLE CLUB - PINNACLE CLUB IS FOR THE SOLE PURPOSE OF SUPPORTING THE RESIDENTS. SERVICES PROVIDED BY THESE FUNDS ARE YOGA, MASSAGE, THERAPEUTIC MATERIALS, MEDICAL EQUIPMENT(VITAL SIGN MONITORS), PERFORMING ARTS TICKETS. 451072 451072 THE CAPITAL CAMPAIGN PROVIDES MONEY FOR FACILITY RENOVATIONS, ROOFING, AND REHAB RENOVATIONS. 328938 328938 OPERATIONAL EXPENSES - THE FOUNDATION PROVIDES FUNDS TO THE PINES TO COVER THE SHORTFALL IN MEDICAID FUNDING. THESE SERVICES RANGE FROM PRESSURE MATRESSES TO EMPLOYEE TRAINING. 1117 1117 1117 1117 795155 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 8 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X X ESTELLE CRAWFORD 9419556293 1501 N ORANGE AVENUE SARASOTA FL 34236 RUTH RANCK 0.50 X X 0 0 0 SHAWN BYRD 1.00 X X 0 0 0 E JOHN LOPEZ 0.50 X X 0 0 0 SEAN MCHALE 0.50 X 0 0 0 TAMI FOLEY CONETTA 0.50 X 0 0 0 GLORIA MOSS 0.50 X 0 0 0 RICHARD R GANS 0.50 X 0 0 0 MICHAEL R PENDER JR 0.50 X 0 0 0 WELLS PURMORT 0.50 X 0 0 0 BERRYMAN T LONGINO 0.50 X 0 0 0 ESTELLE CRAWFORD 50.00 X 103000 0 8736 103000 0 8736 1 0 0 0 0 74604 1587579 1662183 181045 181045 4420643 4074688 345955 345955 345955 14051 74604 19338 -5287 -5287 SEE SCH O 900099 211739 211739 211739 2395635 0 0 733452 795155 795155 304418 89646 214772 825 825 27668 27668 86400 86400 73726 72725 1001 19375 6250 13125 15285 15285 3467 3467 5164 5164 MARKETING & TRAVEL 35939 35939 BAD DEBT 30970 30970 EVENTS/ENTERTAINMENT/SU 3620 3620 TELEPHONE 2049 2049 POSTAGE 1826 1826 3997 1996 2001 1409884 795155 253996 360733 132392 202266 304926 216945 439750 1017803 26380 23950 5897 2430 5483542 6045980 6366507 7485424 25237 8079 25237 8079 X 5100677 5606870 526179 1154286 714414 716189 6341270 7477345 6366507 7485424 X 985751 150324 X X 0 1 1 X 0 X X 0 0 0 PINES OF SARASOTA 590700567 501(C)(3) 1 1 1 568271 1 568271 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1355752 1474017 3168 881492 30970 1920475 1256808 658355 51119 675689 1290593 1405182 326149 22567 497090 1256808 0.02600 0.37300 0.60100 0 0 26380 23950 2430 2430 2395635 1409884 985751 81997 65159 3168 150324 1136075 2288399 81997 22506 104503 2183896 211739 211739 2395635 1217483 19338 19338 1198145 211739 211739 1409884 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION INTENDS TO USE ITS ENDOWMENT FUNDS TO PURSUE ITS STATED MISSION, SUPPORT OF PINES OF SARASOTA IN PERPETUITY. ADDITIONALLY THE ENDOWMENT FUNDS, WHICH INCLUDE TEMPORARILY RESTRICTED FUNDS, WILL BE USED TO PROVIDE FOR CURRENT NEEDS OF THE PINES WHEN PARTIAL FUNDING HAS BEEN RECIEVED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JULY 31, 2011 AND 2010. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S INFORMATION RETURNS FOR 2008 AND LATER YEARS REMAIN OPEN TO INSPECTION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,168. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,168. FUNDRAISING EXPENSES 19,338. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING & GRANT REVENUE FBO PINES OF SARASOTA, INC. 211,739. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 19,338. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING & GRANT REVENUE RECEIVED DIRECTLY BY PINES OF SARASOTA, INC. 211,739. X X X X X X X 1 MARLENE RESNICK 777 JOHN RINGLING BLVD H34 SARASOTA FL 34236 GRANT WRITER 0 449058 86415 362643 449058 86415 362643 FL WIT & WISDOM LUNCHEON 78077 67907 10170 15457 MOTHERS/FATHERS DAY 10578 6697 3881 3881 88655 74604 14051 19338 19338 -5287 1 PINES OF SARASOTA INC 1501 N ORANGE AVENUE SARASOTA FL 34236 590700567 501(C)(3) 568271 FUNDS TO PROVIDE SUPPORT TO PINES OF SARASOTA, INC. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE PINES FOUNDATION REPORTS TO THE GRANTORS HOW AND WHEN THEIR GRANTS WERE USED. THE PINES RECEIVES COPIES OF INVOICES DOCUMENTING THE EXPENDITURE OF GRANT FUNDS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS SENT TO THE EXECUTIVE COMMITTEE OF THE PINES OF SARASOTA FOUNDATION. UPON REVIEW AND APPROVAL, THE TREASURER NOTIFIES THE FULL BOARD OF DIRECTORS THAT THE EXECUTIVE COMMITTEE HAS REVIEWED AND APPROVED THE CONTENTS. AN ELECTRONIC OR HARD COPY OF THE APPROVED 990 DRAFT IS ALSO SENT TO THE FULL BOARD WITH A REQUEST TO REVIEW, SUGGEST EDITS, SUBMIT QUESTIONS OR COMMENTS OR RECOMMEND FOR FILING AS IS. UPON RECEIVING A CONSENSUS, THE 990 IS SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT THE FIRST BOARD MEETING OF THE YEAR. EACH BOARD MEMBER RECEIVES THEIR RESPECTIVE SIGNED FORM, ALONG WITH AN ATTACHED SHEET INDICATING THAT THEY UNDERSTAND AND REMAIN IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANY BOARD MEMBER, NEW TO THE ORGANIZATION WHO HAS INADVERTENTLY NOT YET RECEIVED OR REVIEWED SAID POLICY IS GIVEN A NEW ONE. THE CHAIRMAN OR BOARD PRESIDENT REVIEWS THE POLICY, RESPONDS TO ANY QUESTIONS AND, THEN IF ALL TRUSTEES AGREE THAY ARE IN COMPLIANCE, THEY ARE ASKED TO SIGN AND DATE A COVER SHEET INDICATING THEY HAVE REVIEWED AND IN GOOD FAITH AGREE THEY REMAIN IN COMPLIANCE. SHOULD THERE BE A SITUATION WHERE A BOARD MEMBER IS NO LONGER IN COMPLIANCE, A MEMBER OF THE EXECUTIVE COMITTEE WILL MEET INDIVIDUALLY WITH THE TRUSTEE TO DISCUSS AND RESOLVE THE ISSUE. BOARD MEMBERS MUST BE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN ORDER TO REMAIN IN GOOD STANDING. FORM 990, PART VI, SECTION B, LINE 15A THERE IS A PROCESS BY WHICH THE COMPENSATION OF THE PRESIDENT, THE FOUNDATION'S TOP PAID MANAGEMENT OFFICIAL, IS REVIEWED AND DETERMINED. THE CHAIRMAN OF THE FOUNDATION FORMS A SMALL TASK FORCE TO BOTH EVALUATE THE PRESIDENT AND RECOMMEND COMPENSATION. THE PROCESS INCLUDES REVIEW OF THE CURRENT COMPENSATION STATISTICS OF NONPROFIT PROFESSIONALS AND REVIEW OF SUCH VARIABLES AS ANNUAL BUDGETS AND THE INDUSTRY SECTOR. THIS DATA IS ANNUALLY COMPILED AND DISTRIBUTED BY THE COMMUNITY FOUNDATION OF SARASOTA COUNTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORANIZATION'S WEBSITE AND NEWSLETTERS INCLUDE A STATEMENT INDICATING THAT ITS GOVERNING DOCUMENTS, INCLUDING CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 81,997. PRIOR PERIOD ADJUSTMENTS: 65,159. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,168. TOTAL TO FORM 990, PART XI, LINE 5: 150,324. AUDIT COMMITTEE OVERSIGHT FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. OTHER REVENUE FORM 990, PART VIII, LINE 11 FUNDRAISING & GRANT REVENUE FBO PINES OF SARASOTA, INC. PINES OF SARASOTA 1501 N ORANGE AVE SARASOTA FL 34236 590700567 OPERATE AND MAINTAIN SKILLED NURSING AND ASSISTED LIVING FACILITY FL 501(C)(3) LINE 7 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 PINES OF SARASOTA INC B 568271