2012-11-14T14:45:16-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2011-01-01 752503233 SEARS PANHANDLE RETIREMENT CORP 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 CRAIG METHODIST RETIREMENT COMMUNITY D KEITH PERRY 1114 LOST CREEK BLVD STE 220 AUSTIN TX 78746 13486564 0 X WWW.SEARS-METHODIST.COM X 1997 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, 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 4 322 110 0 0 38995 84882 13252100 13411972 29670 37945 -6308 -48235 13314457 13486564 0 0 0 0 5353125 5539081 0 0 0 5089047 5223112 10442172 10762193 2872285 2724371 31409276 29646268 7304628 6487142 24104648 23159126 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, 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 8838642 13646197 SEARS PANHANDLE RETIREMENT CORPORATION IS A NON-PROFIT 501 (C)(3) ORGANIZATION, WHICH CONSISTS OF 173 INDEPENDENT LIVING AND COTTAGES AND 40 ASSISTED LIVING UNITS AS WELL AS A 120 BED LONG TERM CARE SKILLED NURSING AND DEMENTIA CARE COMMUNITY. THE FACILITY PROVIDES NURSING HOME AND DEMENTIA CARE OPERATIONS. IT ALSO PROVIDES LONG-TERM NURSING CARE TO ELDERLY AS WELL AS A MEDICARE SKILLED UNIT FOR REHABILITATION. 8838642 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 0 1 29 0 322 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 JEFF BUSJAHN 40.00 X 0 125242 5423 D KEITH PERRY 40.00 X 0 396020 32904 M TERRY MYERS 40.00 X 0 217013 10096 GARY ANDERSON 40.00 X 0 165806 7212 0 904081 55635 0 0 1 0 SYSCO WEST TEXAS INC PO BOX 5910 LUBBOCK TX 79408 FOOD SERVICES 506301 PHARMERICA PO BOX 409251 ATLANTA GA 30384 MEDICAL SUPPLIES 223728 PEEPLE'S FLOORING INC 6801 S BELL 1000 AMARILLO TX 79109 CARPETING AND FLOORING 216801 MEDLINE INDUSTRIES INC PO BOX 121080 DEPT 1080 DALLAS TX 75312 DIAPER AND MEDICAL SUPPLIES 148893 NRC CONSTRUCTION 6600 PLUM CREEK DRIVE 221 AMARILLO TX 79124 REPAIRS AND PAINTING 121284 6 84882 84882 RESIDENT CHARGES 623000 13091983 13091983 OTHER REVENUE 623000 319989 319989 13411972 37945 37945 OTHER NONOPERATING REV 623000 -48235 -48235 -48235 13486564 13411972 0 -10290 4783486 4238506 544980 398874 353431 45443 356721 316080 40641 630000 630000 196 196 344409 344409 139996 139996 120205 120205 483292 418122 65170 66508 48752 17756 6516 801 5715 1217 1053 164 1186217 1026259 159958 241497 208932 32565 ANCILLARY 955538 955538 FOOD 476156 476156 SUPPLIES 389170 352905 36265 EQUIPMENT RENTAL 81979 70924 11055 100216 26774 73442 10762193 8838642 1923551 0 1002 1002 1383051 857963 426013 617459 500000 500000 34770 37378 16909 34720 41728037 15643025 26588582 26085012 1444192 1412950 1014757 99784 31409276 29646268 512475 523989 5891165 5848795 900988 114358 7304628 6487142 X 24104648 23159126 24104648 23159126 31409276 29646268 X 2724371 -3669893 X X 0 1 1 X 0 X 48207 49626 36761 38995 84882 258471 15745212 12873103 13094489 13252100 13411972 68376876 15793419 12922729 13131250 13291095 13496854 68635347 0 0 0 68635347 30297 34771 28126 29670 37945 160809 30297 34771 28126 29670 37945 160809 7755 3415 6909 -6308 -48235 -36464 15831471 12960915 13166285 13314457 13486564 68759692 0.99820 0.99730 0.00230 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1393963 1393963 38462219 14164700 24297519 1871855 1478325 393530 26085012 DUE TO OTHER CAMPUSES 139 RESIDENT SECURITY DEPOSITS 101178 OTHER CURRENT LIABILITIES 13041 114358 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. 1 CHARITABLE ROOM DISCOUNTS 21 234225 FMV ROOM DISCOUNTS 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 FUNDS ARE RELEASED FOR ASSISTANCE. 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. JEFFREY BUSJAHN PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,423 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. DOING BUSINESS AS FORM 990, PART I, ITEM C DBA: CRAIG METHODIST RETIREMENT COMMUNITY DBA: SAGECREEK ASSISTED LIVING DBA: WINDFLOWER NURSING CENTER DBA: J. PAUL & POLLY CRAIG METHODIST RETIREMENT COMMUNITY 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 CORPORATION 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 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, THE ORGANIZATION WILL PROVIDE PHOTOCOPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THOSE WHO REQUEST ONE OR MORE OF THESE ITEMS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DEBT SERVICE PAYMENTS -3,599,996. CHANGE IN SMF INVESTMENT -31,242. INTERCOMPANY FUND TRANSFERS -38,655. TOTAL TO FORM 990, PART XI, LINE 5: -3,669,893. AUDIT COMMITTEE / FINANCIAL STATEMENT OVERSIGHT FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEARS METHODIST CENTERS INC ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 751234917 SENIOR LIVING TX 501(C)(3) 509(A)(2) N/A 0 SEARS METHODIST RETIREMENT SYSTEM INC ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752516330 SENIOR LIVING TX 501(C)(3) 509(A)(3) 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) 509(A)(3) N/A 0 SEARS PLAINS RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752768233 SENIOR LIVING TX 501(C)(3) 509(A)(2) N/A 0 SEARS BRAZOS RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 010598053 SENIOR LIVING TX 501(C)(3) 509(A)(2) N/A 0 SEARS TYLER METHODIST RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 203500571 SENIOR LIVING TX 501(C)(3) 509(A)(2) N/A 0 SEARS CAPROCK RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 020709581 SENIOR LIVING TX 501(C)(3) 509(A)(2) N/A 0 SEARS PERMIAN RETIREMENT CORP ONE VILLAGE DRIVE SUITE 400 ABILENE TX 79606 752707608 SENIOR LIVING TX 501(C)(3) 509(A)(2) 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 SYSTEM INC L 630000