2011-08-10T10:39:31-05:00 2010-07-31 RSM McGladrey Inc 105 E 8th Avenue Suite 300 Olympia WA 985011386 990 2009-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W strader 3604560111 2011-08-09 1 Dale K Hedden Managing Director 3607547244 2009 2016-02-24 21:20:13Z Joseph Di Santo 1751 CIRCLE LANE SE LACEY WA 98503 85786522 0 X WWW.PANORAMACITY.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 6 6 495 1500 21839 9252 1150 4947306 35055879 36694220 1149683 434891 21495 21839 36228207 42098256 70000 0 0 15218457 15789421 0 76826 18128890 17665416 33417347 33454837 2810860 8643419 149316709 156753515 114230732 112443403 35085977 44310112 PROVIDE RETIREMENT LIVING AND CONVALESCENT CARE FOR SENIOR CITIZENS. 0 0 30259549 36694220 PANORAMA OPERATES A RETIREMENT CENTER THAT OFFERS 871 RESIDENTIAL FAMILY DWELLING UNITS, INCLUDING 40 ASSISTED LIVING UNITS. PANORAMA ALSO OPERATES A 155 BED SKILLED NURSING FACILITY. PANORAMA HAS A VARIETY OF COMMUNITY FACILITIES, SUCH AS A COMMUNITY HALL WITH A RESTAURANT, AQUATIC AND FITNESS CENTER, PHARMACY, TRAVEL AGENCY, GIFT AND GROCERY SHOP, BEAUTY SALON, TWO FINANCIAL INSTITUTIONS, TWO BROKERAGE FIRMS, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE. 30259549 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 105 0 1 495 1 1 1 0 0 0 0 0 0 0 0 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X CHARLES W STRADER 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 FRED GOLDBERG 2.00 X 23700 0 0 DARYL JENSEN 2.00 X 24000 0 0 LYNN BRUNTON 2.00 X 16800 0 0 JAMES OLSON 2.00 X 18138 0 0 Dr WILLIAM GAVIN 2.00 X 24900 0 0 RALPH MUNRO 2.00 X 17700 0 0 NANCY H mason 2.00 X 0 0 0 JOSEPH DI SANTO 40.00 X 305075 0 121984 CHARLES W STRADER 40.00 X 244842 0 46626 KEVIN BOWEN 40.00 X 180055 0 22555 VICKI CATE 40.00 X 140623 0 10987 HOWARD BURTON 40.00 X 158123 0 21683 MATT MURRY 40.00 X 154401 0 20451 Patrick Thielen 40.00 X 168404 0 16172 Marjorie Martin 40.00 X 125169 0 20394 1601930 0 280852 13 0 1 0 RUSHFORTH CONSTRUCTION 6021 12TH ST EAST SUITE 100 TACOMA WA 984141399 CONTRACTOR 12228762 SCOTT WALL CONSTRUCTION PO BOX 2789 OLYMPIA WA 98507 CONTRACTOR 2387016 NEW CARE CONSULTING PO BOX 1096 TACOMA WA 98401 SERVICE AND EQUIPMENT 1769126 sundance rehabilitation 6549 paysphere circle chicago IL 60674 service 891231 propel insurance po box 2940 tacoma WA 98401 service 789233 5 4947306 3746687 4947306 RETIREMENT COMMUNITY 531310 23305273 23305273 CONVALESCENT CENTER 623000 13388947 13388947 36694220 1182940 1182940 42940217 42940217 748049 0 -748049 -748049 -748049 ADVERTISING 541800 21839 21839 21839 42098256 36694220 21839 434891 1032306 1032306 11459603 10657431 738097 64075 460515 428279 28545 3691 1479756 1283105 192277 4374 1357241 1176871 175684 4686 159761 159761 103833 103833 448694 426259 22435 275194 261434 13760 3971418 3772847 198571 100872 95828 5044 1796395 1796395 6128714 5822278 306436 419165 398207 20958 Supplies 1319156 1253198 65958 Repairs and maintenance 1021133 970076 51057 THERAPY 804337 804337 FOOD COSTS/MEDICINE 630587 630587 RESIDENT PROGRAMS 411327 411327 74830 71090 3740 33454837 30259549 3118462 76826 1745010 355097 5339458 3617283 813375 934562 385466 128258 53447 52547 218000 340067 168428577 67972818 76280662 100455759 40746442 45690057 23734849 5179885 149316709 156753515 4807427 3741915 59611907 58708933 45400000 44500000 16358 15000 4395040 5477555 114230732 112443403 X 34778121 44297757 307856 12355 35085977 44310112 149316709 156753515 X 0 1 1 X 0 X 62820 68537 230062 1150 4947306 5309875 30936732 31726352 33917607 35055879 36694220 168330790 30999552 31794889 34147669 35057029 41641526 173640665 19339 19339 20113 20000 20000 98791 4356915 4674895 4955832 4723934 4680642 23392218 4376254 4694234 4975945 4743934 4700642 23491009 150149656 905080 1503444 1919705 2092169 1182940 7603338 905080 1503444 1919705 2092169 1182940 7603338 56125 7240 7875 9166 9252 89658 31960757 33305573 36075249 37158364 42833718 181333661 0.82800 0.96160 0.04190 0.03680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6010024 6010024 145378054 57996568 87381486 12414353 7109269 5305084 4626146 2866981 1759165 100455759 certificates of deposit 3440832 F U.S. Agencies 5946731 F debt securities 32048341 F Benevolent Fund- Equity Securities 682283 F other securities 1355974 F variable rate demand notes 1605000 F restricted investments 610896 F 45690057 REFUNDABLE entrance fees 2000000 FAIR VALUE OF INTEREST RATE SWAP 2626568 OTHER 619822 annuity obligations 231165 5477555 42098256 33454837 8643419 809263 -228547 580716 9224135 43655568 809263 748049 1557312 42098256 0 42098256 34431433 976596 976596 33454837 0 33454837 Part X: Description of Uncertain Tax Positions Under FIN 48: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THE ORGANIZATION MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS; THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS ENDED JULY 31, 2006, AND PRIOR. Part XI, Line 8 - Other Adjustments: UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP: -228547. Part XII, Line 2d - Other Adjustments: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE: 748049. Part XIII, Line 2d - Other Adjustments: LOSS ON ABANDONED PROPERTY: 748049. unrealized losses on interest rate swap: 228547. X X X 0 0 0 0 0 0 0 0 0 JOSEPH DI SANTO 247257 0 57818 0 0 0 114297 0 7687 0 427059 0 0 0 CHARLES W STRADER 207149 0 37693 0 0 0 39297 0 7329 0 291468 0 0 0 KEVIN BOWEN 151457 0 28598 0 0 0 10899 0 11656 0 202610 0 0 0 VICKI CATE 115007 0 25616 0 0 0 0 0 10987 0 151610 0 0 0 HOWARD BURTON 149066 0 9057 0 0 0 10056 0 11627 0 179806 0 0 0 MATT MURRY 129651 0 24750 0 0 0 9082 0 11369 0 174852 0 0 0 Patrick Thielen 19200 0 149204 0 0 0 9660 0 6512 0 184576 0 0 0 Marjorie Martin 116769 0 8400 0 0 0 6312 0 14082 0 145563 0 0 0 wASHINGTON STATE HOUSING FINANCE COMMITTEE 911875730 93978LEX0 2008-04-01 28500000 CAPITAL PROJECTS 0 0 28500000 28500000 2010 0 0 1 1 0 1 0 0 0 0 James Olson Board member is resident of panorama 20000 LEASE PAYMENTS RECEIVED FROM BOARD MEMBER 0 X 1 3746687 Cost 0 1 0 Form 990, Part VI, Section B, line 11 A DRAFT OF THE FEDERAL RETURN IS REVIEWED IN DETAIL FOR ACCURACY AND CONSISTENCY BY VICKI CATE, CONTROLLER. AMOUNTS ARE CROSS-REFERENCED TO THE AUDITED FINANCIAL STATEMENTS OR OTHER RECORDS OF THE COMPANY. QUESTIONS ARE RESOLVED THROUGH COMMUNICATIONS WITH THE PREPARER, AND CHANGES, IF ANY, ARE MADE. BILL STRADER, CFO REVIEWS THE RETURN FOR REASONABLENESS. THE DRAFT RETURN IS E-MAILED TO EACH BOARD MEMBER FOR REVIEW. BOARD MEMBERS COMMUNICATE QUESTIONS TO BILL STRADER AND EACH QUESTION IS RESOLVED PRIOR TO FINALIZING AND FILING THE RETURN WITH THE IRS. Form 990, Part VI, Section B, line 12c PANORAMA HAS A CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND KEY EMPLOYEES, WHICH IS REVIEWED ANNUALLY. THE POLICY DICTATES THE PROTOCOL TO BE FOLLOWED FOR TRANSACTIONS OR ARRANGEMENTS WHICH CREATE A CONFLICT OF INTEREST. THE POLICY IS STRICTLY ADHERED TO. EACH BOARD MEMBER AND MEMBERS OF MANAGEMENT ACKNOWLEDGE (FORM SIGNED AND MAINTAINED BY HR) 1) RECEIPT OF THE POLICY, AND 2) THEIR UNDERSTANDING OF THE CONTENTS AND THE REQUIREMENT TO BE BOUND IN COMPLIANCE WITH THE POLICY. Form 990, Part VI, Section B, line 15 PANORAMA HAS A COMPENSATION COMMITTEE WHICH COMPRISES CERTAIN BOARD MEMBERS. ANNUALLY, THE COMMITTEE MEETS TO DETERMINE COMPENSATION OF EXECUTIVE MANAGEMENT. INDUSTRY DATA IS ACCUMULATED AND STUDIES ARE PERFORMED TO VERIFY COMPENSATION IS COMPARABLE TO OTHERS IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. Form 990, Part VI, Section C, line 19 PANORAMA'S GOVERNING DOCUMENTS INCLUDING THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REPORTS ARE MAINTAINED IN THE EXECUTIVE OFFICE. FORM 990 IS ALSO AVAILABLE ONLINE AT GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. THE PANORAMA CITY FOUNDATION 1751 CIRCLE LANE SE OLYMPIA WA 98503 911877659 PROVIDES SUPPORT TO PANORAMA. WA 501(C)(3) Line 7 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 THE PANORAMA CITY FOUNDATION C 4947306 THE PANORAMA CITY FOUNDATION M THE PANORAMA CITY FOUNDATION P 99631