2012-08-13T11:07:39-05:00 2011-09-30 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2010-10-01 521189655 WESTMINSTER CANTERBURY FOUNDATION WEST 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 W RUSSELL GARDNER 8042646000 2012-08-07 1 BARBARA J MORRISON 6179848100 2012-08-07 2010 2016-02-24 21:20:13Z W RUSSELL GARDNER 1600 WESTBROOK AVENUE RICHMOND VA 232273337 24283132 0 X WWW.WCRICHMOND.ORG X 1980 VA FUNDRAISING FOR FINANCIAL AID FOR LOW INCOME ELDERLY, HEALTHCARE, TRAINING, CHILDCARE, AND OTHER SERVICES. 23 23 0 36 0 0 6394424 3156423 0 0 1534114 1614719 0 0 7928538 4771142 2190051 2447190 0 0 0 0 0 0 0 749824 1451625 2939875 3898815 4988663 872327 39204445 37618294 1368131 1261779 37836314 36356515 X WESTMINSTER CANTERBURY RAISES FUNDS FOR FINANCIAL AID TO LOWER INCOME OLDER ADULTS TO ENTER AND LIVE AT WESTMINSTER CANTERBURY RICHMOND, AND FOR OTHER PROGRAMS IN THIS COMMUNITY SERVING SENIORS FROM INDEPENDENT LIVING THROUGH NURSING CARE: HEALTH SERVICES, MEMORY SUPPORT THERAPIES, TRAINING OF CLINICAL AND NON-CLINICAL STAFF, PASTORAL CARE,SCHOLARSHIPS FOR CHILDREN IN OUR ON-SITE CHILD DEVELOPMENT CENTER, AND SPECIALIZED STAFFING AND EQUIPMENT TO INCLUDE CHILDREN WITH SPECIAL NEEDS IN OUR CENTER. 0 0 1742285 2319971 WESTMINSTER CANTERBURY FOUNDATION RAISES FUNDS THROUGH ITS ANNUAL FELLOWSHIP FUND AND FELLOWSHIP ENDOWMENT FOR FINANCIAL ASSISTANCE (FELLOWSHIP) TO ENTER AND LIVE FOR THE REST OF THEIR LIVES AT WESTMINSTER CANTERBURY RICHMOND. FELLOWSHIP ALSO PAYS THEIR SUPPLEMENTAL INSURANCE PREMIUMS NOT COVERED BY THEIR FORMER EMPLOYER, PLUS 75% OR MORE OF ALL UNCOVERED MEDICAL, DENTAL AND PHARMACY EXPENSES. IN FY 2011, 67 MEN AND WOMEN AMONG APPROXIMATELY 920 RESIDENTS WERE SERVED. THIS DOES NOT INCLUDE AN ADDITIONAL 41 MEN AND WOMEN SERVED WITH A PECH FUND THAT IS MANAGED BY WESTMINSTER CANTERBURY CORPORATION. ALL FINANCIAL INFORMATION PROVIDED BY PROSPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. THE ANALYSIS IS COMPLETED WITHOUT REGARD TO RACE OR RELIGION. WHEN FINANCIAL AID IS PROJECTED AS NECESSARY, SPECIFIC GUIDELINES ARE USED TO DETERMINE THE EXTENT TO WHICH THE ORGANIZATION WILL BE ABLE TO MEET THAT INDIVIDUAL'S NEED. EACH YEAR THE ORGANIZATION RETAINS AN ACTUARY TO DETERMINE THE ORGANIZATION'S FUTURE LIFETIME MONTHLY FINANCIAL OBLIGATION FOR ALL OF ITS RESIDENTS. IN THIS MANNER, THE ORGANIZATION CONFIRMS THE AVAILABILITY OF FUNDS SUFFICIENT TO SUPPORT THE NEEDS OF RESIDENTS FOR THE REST OF THEIR LIVES. 2156530 836452 WESTMINSTER CANTERBURY ALSO RAISES FUNDS TO SUPPORT HEALTHCARE, TRAINING FOR CLINICAL AND NONCLINICAL STAFF, MEMORY SUPPORT THERAPY AND STUDIO AND PERFORMING ARTS AT WESTMINSTER CANTERBURY, A RETIREMENT COMMUNITY FOR 920 RESIDENTS IN AREAS PROVIDING INDEPENDENT LIVING THROUGH NURSING HOME CARE; AND SCHOLARSHIPS AND STAFF TRAINING FOR THE INCLUSION OF CHILDREN WITH SPECIAL NEEDS IN OUR ON-SITE CHILD DEVELOPMENT CENTER. 3898815 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES HOLMES - CONTROLLER 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 RICHARD B MADDEN 1.00 X 0 0 0 WILLIAM C BOINEST 1.00 X 0 0 0 C JORDAN BALL JR 1.00 X 0 0 0 MAY H FOX 1.00 X 0 0 0 GREGORY T LANE 1.00 X 0 0 0 RONALD A CAIN JR 1.00 X 0 0 0 SUZANNE J MCCUSTY 1.00 X 0 0 0 LH GINN III 1.00 X 0 0 0 A CABELL FORD JR 1.00 X 0 0 0 MARY P HUTTER 1.00 X 0 0 0 DAVID D ADDISON ESQ 1.00 X 0 0 0 ANNE H HARDAGE 1.00 X 0 0 0 NANCY M HARRISON 1.00 X 0 0 0 MICHAEL D WILLIAMS 1.00 X 0 0 0 DR WYATT S BEAZLEY III 1.00 X 0 0 0 ELIZABETH CABELL JENNINGS 1.00 X 0 0 0 GLENN R MOORE ESQ 1.00 X 0 0 0 NANCY N ROGERS ESQ 1.00 X 0 0 0 WILSON R TRICE ESQ 1.00 X 0 0 0 JAMES S WATKINSON 1.00 X 0 0 0 ELIZABETH M WARING 1.00 X 0 0 0 DR CORA S SALZBERG 1.00 X 0 0 0 TYLER R HARRIS 1.00 X 0 0 0 DONALD D LECKY 40.00 X 0 339466 56715 W RUSSELL GARDNER 40.00 X 0 193671 27970 ELIZABETH B BUSH 40.00 X 0 146398 21618 CAROL B CONROY 40.00 X 0 155485 44211 ROBERT D COX 40.00 X 0 148965 43487 WILLIAM S KING 40.00 X 0 122658 40875 VIRGINIA S PURCELL 40.00 X 0 111494 39229 KEVIN W FERGUSON 40.00 X 0 267947 47139 MARY ADAMS 40.00 X 0 122039 22255 JAMES HOLMES 40.00 X 0 103603 14208 ADAM GREENE 40.00 X 0 114529 14009 ANN STONEMAN 40.00 X 0 113020 16265 AINA OGUNWARE 68.00 X 0 101597 19930 0 2040872 407911 13 0 1 0 0 3156423 245414 3156423 822493 822493 20304216 19511990 792226 792226 792226 4771142 0 0 1614719 2447190 2447190 ENDOWMENT EXPENSES 1451625 1451625 3898815 3898815 0 0 3356063 1279644 1139962 1046607 18681 28475 0 32579945 34073362 2100000 1200000 39204445 37618294 2161 31725 1365970 1230054 1368131 1261779 X 16095565 15439169 17720832 16897429 4019917 4019917 37836314 36356515 39204445 37618294 X 872327 -2352126 X 0 1 1 X 0 X 4001492 4456318 1945700 4294424 3948649 18646583 4001492 4456318 1945700 4294424 3948649 18646583 6546346 12100237 507808 657244 658960 738658 822493 3385163 111271 111271 22143017 0.54650 0.49500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32662014 1091300 -49480 533353 666469 487926 32016086 27916482 2528727 3177338 76966 468682 414875 32662014 29322521 591653 9945 1149026 433210 425401 27916482 0.36940 0.12560 0.50500 0 0 0 INVESTMENTS 34073362 F 34073362 DUE TO AFFILIATES 219207 CHARITABLE GIFT ANNUITIES 1010847 1230054 4771142 3898815 872327 -2352126 -2352126 -1479799 2419016 -2352126 -2352126 4771142 0 4771142 3898815 0 3898815 0 3898815 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO ENHANCE THE OPERATION OF WESTMINSTER CANTERBURY CORPORATION THROUGH SUPPORT IN A VARIETY OF AREAS; FINANCIAL ASSISTANCE TO RESIDENTS;TRAINING OF STAFF;PASTORAL CARE SERVICES;RESIDENT ACTIVITIES, ETC. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE (THE "SERVICE") HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE SERVICE HAS DETERMINED THAT THE FOUNDATION IS A PUBLICLY SUPPORTED ORGANIZATION, NOT A PRIVATE FOUNDATION, UNDER SECTIONS 509(A)(1) AND 170 (B)(1)(A)(VI) OF THE CODE. ACCORDINGLY, NO INCOME OR EXCISE TAXES WERE REQUIRED TO BE PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION'S 2008 THROUGH 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. THE FOUNDATION FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS STANDARD DOES NOT HAVE A SIGNIFICANT IMPACT ON THE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES FOR EVALUATING UNCERTAIN TAX POSITIONS. 1 WESTMINSTER CANTERBURY CORPORATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 237162493 501(C)(3) 1959264 0 FINANCIAL ASSISTANCE TO ELDERLY FOR MONTHLY MAINT. FEES FOR INDEPENDENT LIVING FACILITY. WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 541553651 501(C)(3) 567391 0 ASSISTANCE TO MANAGEMENT COMPANY OVERSEEING THE OPERATION OF INDEPENDENT RETIREMENT COMMUNITY 2 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHEDULE I PART 1, LINE 2: ALL FINANCIAL INFORMATION PROVIDED BY PROSPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM CALLED FINAID. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. THE ANALYSIS IS COMPLETED WITHOUT REGARD TO RACE OR RELIGION. WHEN FINANCIAL AID IS PROJECTED AS NECESSARY, SPECIFIC GUIDELINES ARE USED TO DETERMINE THE EXTENT TO WHICH THE ORGANIZATION WILL BE ABLE TO MEET THAT INDIVIDUAL'S NEED. EACH YEAR THE ORGANIZATION RETAINS AN ACTUARY TO DETERMINE THE ORGANIZATIONS FUTURE LIFETIME MONTHLY FINANCIAL OBLIGATION. IN THIS MANNER, THE ORGANIZATION CONFIRMS THE AVAILABILITY OF FUNDS SUFFICIENT TO SUPPORT THE NEEDS OF THE RESIDENTS FOR THE REST OF THEIR LIVES. X X X X 0 0 0 0 0 0 0 1 0 DONALD D LECKY 0 268089 0 62297 0 9080 0 16500 0 40215 0 396181 0 0 W RUSSELL GARDNER 0 175702 0 17969 0 0 0 0 0 27970 0 221641 0 0 ELIZABETH B BUSH 0 132759 0 13639 0 0 0 0 0 21618 0 168016 0 0 CAROL B CONROY 0 140741 0 14744 0 0 0 16500 0 27711 0 199696 0 0 ROBERT D COX 0 133144 0 15821 0 0 0 16500 0 26987 0 192452 0 0 WILLIAM S KING 0 111158 0 11500 0 0 0 0 0 40875 0 163533 0 0 VIRGINIA S PURCELL 0 100591 0 10903 0 0 0 0 0 39229 0 150723 0 0 KEVIN W FERGUSON 0 242800 0 25147 0 0 0 9800 0 37339 0 315086 0 0 PART I, LINE 7 DEFERRED COMPENSATION IS 4% OF ANNUAL SALARY PROVIDED BY THE CORPORATION FOR THE EMPLOYEE AS A MATCH ON THE 403B PLAN. X 1 16500 NET PROCEEDS X 40 228914 NET PROCEEDS 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: HIRE BROKER TO SELL STOCK GIFTS IMMEDIATELY UPON RECEIPT FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL TAX RETURN IS REVIEWED BY THE ENTIRE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE COMMITTEE MEMBERS FILL OUT A CONFLICT OF INTEREST STATEMENT. IF THERE ARE ANY CONFLICTS THE COMMITTEE MEMBER EXCUSES THEMSELVES FROM ANY PART OF THE DISCUSSION AND VOTE RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE COMPANY IS ENGAGED EACH YR TO LOOK AT ALL EMPLOYEES COMPENSATION PACKAGES, INCLUDING THE CEO'S. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, 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 LOSSES ON INVESTMENTS: -2,352,126. CLAREMONT ASSOCIATES 19000 ONE JAMES CENTER RICHMOND VA 23219 HOLDS REAL ESTATE CONTRIBUTED VA 169000 1200000 WESTMINSTER CANTERBURY FOUNDATION WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 1600 WESTBROOK AVE RICHMOND VA 23227 541553651 PROVIDE MANAGEMENT SERVICES TO WESTMINSTER CANTERBURY. VA 501(C)(3) LINE 11A, I 0 THE GLEBE OF RICHMOND 1600 WESTBROOK AVE RICHMOND VA 23227 541552745 OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY VA 501(C)(3) LINE 9 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER CANTERBURY CORPORATION 1600 WESTBROOK AVE RICHMOND VA 23227 237162493 OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY VA 501(C)(3) LINE 9 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER CANTERBURY CHILD CARE 1600 WESTBROOK AVE RICHMOND VA 23227 541552747 PROVIDE CHILD CARE SERVICES. VA 501(C)(3) LINE 9 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 0