2012-11-14T14:45:16-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2011-01-01 752768233 SEARS PLAINS RETIREMENT CORPORATION SEAR 3256915519 ONE VILLAGE DRIVE NO 400 ABILENE TX 79606 TERRY MYERS 3256915519 2012-11-14 1 TROY LANGSDALE P00847944 9723835700 2011 2016-02-24 21:20:13Z GARRISON GERIATRIC EDUCATION AND CARE CENTER D KEITH PERRY 1114 LOST CREEK BLVD STE 220 AUSTIN TX 78746 8211734 0 X WWW.SEARS-METHODIST.COM X 1998 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. 4 4 338 50 0 0 4564 67116 8790071 8139652 7200 4966 0 0 8801835 8211734 0 0 0 0 3873685 4223318 0 0 0 5122371 5720632 8996056 9943950 -194221 -1732216 14505477 12987827 14204324 10072680 301153 2915147 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 0 7605128 8139652 SEARS PLAINS RETIREMENT CORPORATION, DBA: GARRISON GERIATRIC EDUCATION AND CARE CENTER OWNS AND OPERATES A SENIOR LIVING FACILITY. THE FACILITY PROVIDES NURSING HOME AND DEMENTIA CARE. IT ALSO PROVIDES LONG-TERM NURSING CARE TO ELDERLY AS WELL AS A MEDICARE SKILLED CARE UNIT FOR REHABILITATION. THE FACILITY CONSISTS OF A 120 BED SKILLED NURSING FACILITY AND ALSO SERVES AS A PLACE OF INSTRUCTION FOR HEALTH STUDENTS FROM THE TEXAS TECH HEALTH SCIENCES CENTER. 7605128 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 28 0 338 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TERRY MYERS CFO 5123296716 1114 LOST CREEK BLVD SUITE 220 AUSTIN TX 78746 DR JEFFREY A SMITH 2.00 X X 0 0 0 RICK RHODES 2.00 X X 0 0 0 VANCE GODDARD 2.00 X X 0 0 0 STEVE EXTER 2.00 X X 0 0 0 D KEITH PERRY 40.00 X 0 396020 32904 M TERRY MYERS 40.00 X 0 217013 10096 WENDY GRIMES 40.00 X 0 100060 4750 GARY ANDERSON 40.00 X 0 165806 7212 0 878899 54962 0 0 1 0 PHARMERICA PO BOX 409251 ATLANTA GA 30384 MEDICAL DRUGS FOR RESIDENTS 398646 SYSCO FOODS PO BOX 5910 LUBBOCK TX 79408 FOOD SERVICES 240376 MEDLINE INDUSTRIES DEPT 1080 DALLAS PO BOX 121080 DALLAS TX 753121080 MEDICAL SUPPLIES 181490 3 67116 67116 RESIDENT CHARGES 623000 8156840 8156840 OTHER REVENUE 623000 -17188 -17188 8139652 4966 4966 8211734 8139652 0 4966 3574510 3331828 242682 380161 354351 25810 268647 250408 18239 760000 760000 3630 3630 248723 248723 84767 84767 136803 136803 149180 144043 5137 26547 14776 11771 1374 1274 100 456651 440926 15725 458978 443173 15805 124369 120086 4283 ANCILLARY EXPENSE 1616578 1616578 LOSS ON EXTINGUISHMENT 851330 851330 SUPPLIES 376896 327742 49154 FOOD 246888 246888 177918 64332 113586 9943950 7605128 2338822 0 306602 418562 2048 250062 924373 596790 10986 14047 17125 23354 13376303 4043690 9575697 9332613 1702247 1786968 1966399 565431 14505477 12987827 769408 508389 287550 287550 8270000 8969067 4877366 307674 14204324 10072680 X -832703 1792220 633856 622927 500000 500000 301153 2915147 14505477 12987827 X -1732216 4346210 X X 0 1 1 X 1 1 X 2175 31757 43456 4564 67116 149068 9180750 7437854 8384770 8797242 8139278 41939894 9182925 7469611 8428226 8801806 8206394 42088962 0 67759 129180 59300 256239 67759 129180 59300 256239 41832723 15980 51309 24710 7200 4966 104165 15980 51309 24710 7200 4966 104165 9198905 7520920 8452936 8809006 8211360 42193127 0.99150 0.99480 0.00250 0.00260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 622928 622928 11112446 2759115 8353331 1640929 1284575 356354 9332613 INVESTMENT IN SEARS METHODIST FOUNDATION 1786968 F 1786968 DUE TO OTHER CAMPUSES 304664 OTHER CURRENT LIABILITIES 3010 307674 8211734 9943950 -1732216 4346210 4346210 2613994 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTERCOMPANY FUND TRANSFERS 4,261,489. CHANGE IN SMF INVESTMENT 84,721. TOTAL TO SCHEDULE D, PART XI, LINE 8: 4,346,210. X X X 0 1 0 0 0 0 0 0 0 D KEITH PERRY 0 366238 0 22324 0 7458 0 32904 0 0 0 428924 0 0 M TERRY MYERS 0 201923 0 15000 0 90 0 10096 0 0 0 227109 0 0 GARY ANDERSON 0 163411 0 0 0 2395 0 7212 0 0 0 173018 0 0 PART I, LINE 4B D. KEITH PERRY PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $32,904 TO THE PLAN DURING THE YEAR. M. TERRY MYERS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $10,096 TO THE PLAN DURING THE YEAR. WENDY GRIMES PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $4,750 TO THE PLAN DURING THE YEAR. GARY ANDERSON PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $7,212 TO THE PLAN DURING THE YEAR. 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 BY LAWS; 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 A, LINE 7A THE BOARD OF DIRECTORS FOR SEARS METHODIST RETIREMENT SYSTEM, INC. HAS A GOVERNANCE COMMITTEE WHO IS RESPONSIBLE FOR NOMINATING NEW BOARD MEMBERS. THE NOMINATED BOARD MEMBERS ARE THEN VOTED ON BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS EMAILED 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 SYSTEM BOARD OF DIRECTORS AND ALL SENIOR STAFF. ANY NEW BOARD MEMBER 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 SEARS METHODIST RETIREMENT SYSTEM 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: INTERCOMPANY FUND TRANSFERS 4,261,489. CHANGE IN SMF INVESTMENT 84,721. TOTAL TO FORM 990, PART XI, LINE 5: 4,346,210. AUDIT COMMITTEE / FINANCIAL STATEMENT OVERSIGHT FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE FROM PRIOR YEAR. 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 INC ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752503233 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 SEARS METHODIST FOUNDATION ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752692545 MANAGES CHARITABLE FUNDS FOR ALL SMRS'S 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 BRAZOS RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 010598053 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS TYLER METHODIST RETIREMENT CORPORATION ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 203500571 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 SENIOR DIMENSIONS INC ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752814016 SENIOR LIVING TX N/A C 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 SEARS METHODIST RETIREMENT SYSTEMS L 760000