2011-08-11T07:16:07-05:00 2010-09-30 Cherry Bekaert & Holland LLP P O Box 1119 Lynchburg VA 245051119 990 2009-10-01 541615599 SHELTERING ARMS FOUNDATION SHEL 8047645241 8254 ATLEE ROAD MECHANICSVILLE VA 23116 JAMES E SOK 8047645241 2011-08-04 1 Gary F Allen 4348476643 2011-08-04 2009 2016-02-24 21:20:13Z JAMES E SOK 8254 ATLEE ROAD MECHANICSVILLE VA 23116 2600967 0 X WWW.SHELTERINGARMS.COM X 1992 VA THE MISSION OF SHELTERING ARMS FOUNDATION IS TO SUPPORT THE SHELTERING ARMS HOSPITAL AND SHELTERING ARMS HOSPITAL SOUTH AND PROVIDE HEALTHCARE SERVICES TO THE COMMUNITIES SERVED BY THE HOSPITALS. 13 13 0 0 0 0 841340 662271 0 -3520397 2665998 0 -2679057 3328269 220000 0 0 0 0 0 7710631 8458656 7930631 8458656 -10609688 -5130387 173362666 178992480 0 173362666 178992480 TO SUPPORT SHELTERING ARMS HOSPITAL AND SHELTERING ARMS HOSPITAL SOUTH AND PROVIDE HEALTHCARE SERVICES TO THE COMMUNITIES SERVED BY THE HOSPITALS. 0 0 8458656 THE SHELTERING ARMS FOUNDATION IS RECOGNIZED EXEMPT UNDER SECTION 501 (C) (3) AND IS CLASSIFIED AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTION 509 (a) (3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MANAGES CERTAIN INVESTMENT FUNDS FOR SHELTERING ARMS HOSPITAL, A 501 (C) (3) ORGANIZATION CLASSIFIED AS A HOSPITAL UNDER SECTION 170 (b) (1) (A) OF THE INTERNAL REVENUE CODE. THE SHELTERING ARMS FOUNDATION MANAGES CERTAIN INVESTMENT FUNDS FOR SHELTERING ARMS HOSPITAL AND TRANSFERS FUNDS OVER TO THE HOSPITAL TO SUPPORT CAPITAL IMPROVEMENTS, OPERATING EXPENSES AND CHARITY AND FINANCIAL ASSISITANCE FOR PATIENTS. IN THE FISCAL YEAR ENDED SEPTEMBER 30, 2010, THE FOUNDATION TRANSFERRED $7,765,000 TO THE HOSPITAL IN SUPPORT OF ITS MISSION. THE FOUNDATION ALSO INCURRED $693,656 IN INVESTMENT CUSTODIAN FEES DURING FISCAL YEAR 2010. 8458656 1 1 0 0 0 0 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 VA X X MICHAEL A BOEMMEL VP OF FINANCE AND CFO 8043424340 8254 ATLEE ROAD MECHANICSVILLE VA 23116 X THEODORE W PRICE 4.00 X 0 0 0 CHARLES M CARAVATI III 4.00 X 0 0 0 WILLIAM T CLARKE 4.00 X 0 0 0 W BATES CHAPPELL 4.00 X 0 0 0 LAWRENCE E GIBSON 4.00 X 0 0 0 JOYCE F NASH 4.00 X 0 0 0 JOHN C PURNELL JR 4.00 X 0 0 0 S BUFORD SCOTT 4.00 X 0 0 0 DONALD M SWITZ MD 4.00 X 0 0 0 HARRY LEE 4.00 X 0 0 0 GILBERT ROSENTHAL 4.00 X 0 0 0 STANLEY PAULEY 4.00 X 0 0 0 JOHN L MCELROY III 4.00 X 0 0 0 PETER BOWLES 4.00 X 0 0 0 JAMES E SOK 40.00 X X 0 382823 38060 MICHAEL A BOEMMEL 40.00 X X 0 253924 1384 JAMES A BRAITH 40.00 X X 0 149525 12237 0 786272 51681 0 0 1 0 LCG ASSOCIATES 400 GALLERIA PARKWAY SUITE 1800 ATLANTA GA 30336 INVESTMENT ADVISORY SERVICES 122834 1 662271 662271 1938696 1938696 -727302 727302 727302 727302 3328269 727302 0 1938696 693656 693656 7765000 7765000 8458656 8458656 0 0 2 -1 2981896 5322272 27652 19434 41388253 26734748 128964863 146916027 173362666 178992480 0 0 X 154422951 159880136 922552 984226 18017163 18128118 173362666 178992480 173362666 178992480 X 0 1 1 X 0 X X 0 0 0 SHELTERING ARMS HOSPITAL 540505955 7 1 1 1 7765000 1 7765000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MUTUAL FUNDS 91114101 F OTHER TRUSTS (NOT CONTROLLED BY SAF) 19112345 F OTHER 36689581 F 146916027 Part X: Description of Uncertain Tax Positions Under FIN 48: IN JULY OF 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED CERTAIN INTERPRETIVE GUIDANCE WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (THE "GUIDANCE"). THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) INCOME TAXES TOPIC AND PRESCRIBES A MINIMUM THREHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED. FURTHERMORE, THE GUIDANCE ADDRESSES MEASUREMENT, CLASSIFICATION, AND INTEREST AND PENALTIES. AS USED IN THE GUIDANCE, THE TERM TAX POSITION IS DEFINED AS A POSITION TAKEN ON A PREVIOUSLY FILED TAX RETURN OR A POSITION EXPECTED TO BE TAKEN ON A FUTURE TAX RETURN THAT IS REFLECTED IN MEASURING AN ENTITY'S CURRENT OR DEFERRED INCOME TAX ASSES OR LIABILITIES. THE GUIDANCE ALSO DEFINES AN INCOME TAX POSITION TO INCLUDE A DECISION NOT TO FILE AN INCOME TAX RETURN. THE CORPORATION ADOPTED THE GUIDANCE ON OCTOBER 1, 2009, AS REQUIRED, AND THE ADOPTION DID NOT HAVE ANY IMPACT ON THE CORPORATION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE COPRORATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO THE FISCAL YEAR ENDED SEPTEMBER 30, 2007. 0 0 0 0 0 0 0 0 0 JAMES E SOK 0 312823 0 70000 0 0 0 7360 0 30700 0 420883 0 0 MICHAEL A BOEMMEL 0 238924 0 15000 0 0 0 0 0 1384 0 255308 0 0 JAMES A BRAITH 0 149525 0 0 0 0 0 7029 0 5208 0 161762 0 0 Form 990, Part VI, Section B, line 11 Form 990 and applicable attachments were provided to the finance committee of the board of directors of sheltering arms hospital and to all other board members, either in electronic format or by mail. An open comment and question period was welcomed to direct any questions or comments before filing the Form 990 and its related attachments. Form 990, Part VI, Section B, line 12c BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY. ANY CONFLICTS ARE DISCLOSED AT THAT TIME, AND THE SIGNED POLICY IS KEPT ON FILE BY THE ORGANIZATION. Form 990, Part VI, Section C, line 19 UPON REQUEST, SHELTERING ARMS FOUNDATION WILL MAKE AVAILABLE FOR PUBLIC INSPECTION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS. SUCH REQUESTS MUST BE PRESENTED TO EITHER THE PRESIDENT/CEO AND/OR THE VICE PRESIDENT OF FINANCE/CFO. FORM 990, PART XI, LINE 2C AUDIT COMMITTEE'S SUPERVISION OVER ANNUAL AUDIT THERE WERE NO CHANGES TO THE AUDIT COMMITTEE'S PROCESSES AND PROCEDURES USED TO OVERSEE THE ORGANIZATION'S ANNUAL AUDIT DURING THE FISCAL YEAR. SHELTERING ARMS HOSPITAL 8254 ATLEE ROAD MECHANICSVILLE VA 23116 540505955 PHYSICAL REHABILITATION VA 501(C)(3) SHELTERING ARMS CORPORATION SHELTERING ARMS HOSPITAL SOUTH 8254 ATLEE ROAD MECHANICSVILLE VA 23116 352258075 PHYSICAL REHABILITATION VA 501(C)(3) SHELTERING ARMS CORPORATION PALMYRA REHABILITATION CORPORATION 8254 ATLEE ROAD MECHANICSVILLE VA 23116 541615601 PHYSICAL REHABILITATION VA 501(C)(3) SHELTERING ARMS CORPORATION SHELTERING ARMS CORPORATION 8254 ATLEE ROAD MECHANICSVILLE VA 23116 541615598 PHYSICAL REHABILITATION VA 501(C)(3) 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SHELTERING ARMS HOSPITAL B 7765000