2023-07-21T12:35:51-05:00 2022-12-31 593618759 WALTERS & ASSOCIATES CPAS 3277 FRUITVILLE RD BLDG E SARASOTA FL 34237 990 2022-01-01 592988752 PINES OF SARASOTA FOUNDATION INC PINE 9419556293 1501 N ORANGE AVENUE SARASOTA FL 34236 RUTH FRAZIER PRESIDENT 9419556293 2023-07-21 1 RUTH FRAZIER 999009999 0 JOSHUA PISA P01736278 9413664450 2023-07-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUTH FRAZIER 1501 N ORANGE AVENUE SARASOTA FL 34236 7922809 0 X WWW.PINESOFSARASOTA.ORG X 1989 FL TO PROVIDE FINANCIAL SUPPORT TO THE PINES OF SARASOTA, INC., A NOT-FOR-PROFIT PROVIDER OF SKILLED NURSING SERVICES FOR INDIVIDUALS IN SARASOTA COUNTY WHO HAVE LIMITED FINANCIAL RESOURCES. 13 13 7 13 0 0 1260396 1306748 0 0 828671 320345 0 0 2089067 1627093 20620309 10776696 0 0 662134 644721 0 0 358316 138720 219022 21421163 11640439 -19332096 -10013346 15800149 4461961 6730 5001 15793419 4456960 TO PROVIDE FINANCIAL SUPPORT TO THE PINES OF SARASOTA, INC., A NOT-FOR-PROFIT PROVIDER OF SKILLED NURSING SERVICES FOR INDIVIDUALS IN SARASOTA COUNTY WHO HAVE LIMITED FINANCIAL RESOURCES. 0 0 3404672 3291731 SUPPORTING THE COMFORT, SAFETY AND CARE OF OUR RESIDENTS. PINES OF SARASOTA FOUNDATION RAISED FUNDS TO SUPPORT OUR MISSION, WHICH IS TO SUPPORT PINES OF SARASOTA HEALTHCARE, LLC RESIDENTS WHO HAVE OUTLIVED THEIR MEANS. PINES OF SARASOTA FOUNDATION ALSO RAISES FUNDS FOR CAPITAL IMPROVEMENTS TO THE CAMPUS TO ENSURE THAT THE RESIDENTS LIVING FACILITY CONTINUES TO PROVIDE A SAFE AND COMFORTABLE PLACE TO LIVE. PINES OF SARASOTA IS CELEBRATING ITS 75TH YEAR OF PROVIDING OUR RESIDENTS WITH THE CARE AND COMFORT THEY DESERVE. 7484965 7484965 CAMPUS IMPROVEMENTS:PINES REMAINS THE LARGEST PROVIDER OF LONG TERM CARE FOR LOW INCOME PEOPLE IN THE REGION. TO MEET THE EVER CHANGING NEEDS IN THE COMMUNITY, PINES HAS UNDERTAKEN THE BUILDING OF A NEW 90 BED ADDITION TO ITS CURRENT SKILLED NURSING FACILITY. THIS NEW BUILDING WILL BE A STATE OF THE ART FACILITY TO MEET THE EVER CHANGING NEEDS OF MEMORY AND SKILLED NURSING CARE. 10889637 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X X RUTH FRAZIER 9419556293 1501 N ORANGE AVENUE SARASOTA FL 34236 CHARLA BURCHETT TRUSTEE 0.50 X 0 0 0 EDMUND W MORTON III CHAIR 0.50 X X 0 0 0 ROBERT A KIMBROUGH TRUSTEE EMERITI 0.50 X 0 0 0 GLORIA MOSS TRUSTEE EMERITI 0.50 X 0 0 0 KELLY SABA TREASURER 0.50 X X 0 0 0 MARY T SAVARY TRUSTEE EMERITI 0.50 X 0 0 0 KYLE L HEMBREE TRUSTEE 0.50 X 0 0 0 LISA KEVERIAN-PRESS TRUSTEE 0.50 X 0 0 0 ANNE RIDINGS SECRETARY 0.50 X X 0 0 0 SAM STERN TRUSTEE 0.50 X 0 0 0 LORI SUTTON VICE CHAIR 0.50 X X 0 0 0 JANE HUNDER BOARD CHAIRMAN 0.50 X 0 0 0 MIKE WARD PRESIDENT/CEO 0.50 X 0 0 0 RUTH FRAZIER PRESIDENT 50.00 X 87500 0 6793 JANET T GINN FORMER PRESIDENT 50.00 X 91829 0 6864 179329 0 13657 0 1 0 0 0 1306748 1306748 153020 153020 6463041 6295716 167325 167325 167325 1627093 0 0 320345 X 10776696 10776696 179329 89664 89665 363530 112941 115165 135424 8941 4550 4391 53460 27265 26195 39461 20125 19336 8400 8400 25942 25942 39127 19955 19172 30031 30031 26189 26189 49799 5656 44143 932 932 6855 6855 DONOR CULTIVATION 19990 19990 BANK CHARGES 4595 4595 TRAINING & DEVELOPMENT 3825 3825 DUES & SUBSCRIPTIONS 3337 3337 11640439 10889637 392486 358316 574685 576236 7588737 267825 21029 25918 6554 47756 46824 1864 932 7608247 3580496 5587 4000 15800149 4461961 6730 5001 6730 5001 X 7408041 3165471 8385378 1291489 15793419 4456960 15800149 4461961 X -10013346 -1328002 4889 X X 0 1 X 1 0 X 1105183 1379027 857138 1260396 1306748 5908492 1105183 1379027 857138 1260396 1306748 5908492 1156617 4751875 147603 318671 614751 828671 320345 2230041 8138533 0.58390 0.63110 X PART II, SHORT YEAR EXPLANATION PUBLIC SUPPORT FOR 2018 IS FOR A SHORT YEAR - AUGUST 1, 2018 THROUGH DECEMBER 31, 2018. ALL OTHER YEARS REPRESENT FULL YEARS OF ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8435378 698680 4889 7797458 1341489 28248298 363783 -282 20176421 8435378 35853260 381426 5658 7992046 28248298 40303316 933813 19245 5403114 35853260 7398455 32904861 40303316 0.04000 0.96000 0 0 47756 46824 932 932 X 278038 -1328002 -21053 -1349055 1627093 0 1627093 11614497 0 11614497 25942 25942 11640439 PART V, LINE 4: THE ORGANIZATION INTENDS TO USE ITS ENDOWMENT FUNDS TO PURSUE ITS STATED MISSION, SUPPORT OF PINES OF SARASOTA IN PERPETUITY. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND HAS BEEN GRANTED RECOGNITION OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S INFORMATION RETURNS FOR 2019 AND LATER YEARS REMAIN OPEN TO INSPECTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,889. INVESTMENT EXPENSES -25,942. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVVESTMENT EXPENSES 25,942. 1 PINES OF SARASOTA HEALTHCARE LLC 1501 N ORANGE AVENUE SARASOTA FL 34236 475272934 501(C)(3) 10776696 0 FUNDS TO PROVIDE CAPITAL SUPPORT TO PINES OF SARASOTA. PART I, LINE 2: THE PINES FOUNDATION REPORTS TO THE GRANTORS HOW AND WHEN THEIR GRANTS WERE USED. THE PINES RECEIVES COPIES OF INVOICES DOCUMENTING THE EXPENDITURE OF GRANT FUNDS. 0 0 0 0 0 0 0 0 0 JANET T GINN FORMER PRESIDENT 91829 0 0 0 0 0 2166 0 4698 0 98693 0 0 0 FORM 990, PART I, LINE 1 PINES OF SARASOTA FOUNDATION WAS INCORPORATED IN 1990 TO SUPPORT THE ENDOWMENT, CAPITAL AND PROGRAMMATIC NEEDS OF PINES OF SARASOTA, A NOT-FOR-PROFIT SENIOR CARE COMMUNITY SERVING RESIDENTS EVEN AFTER THEY HAVE OUTLIVED THEIR RESOURCES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO THE AUDIT/EXECUTIVE COMMITTEE OF THE PINES OF SARASOTA FOUNDATION. UPON REVIEW AND APPROVAL, THE TREASURER NOTIFIES THE FULL BOARD OF DIRECTORS THAT THE AUDIT/EXECUTIVE COMMITTEE HAS REVIEWED AND APPROVED THE CONTENTS. AN ELECTRONIC OR HARD COPY OF THE APPROVED 990 DRAFT IS ALSO SENT TO THE FULL BOARD WITH A REQUEST TO REVIEW, SUGGEST EDITS, SUBMIT QUESTIONS OR COMMENTS OR RECOMMEND FOR FILING AS IS. UPON RECEIVING A CONSENSUS, THE 990 IS SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT THE FIRST BOARD MEETING OF THE YEAR. EACH BOARD MEMBER RECEIVES THEIR RESPECTIVE SIGNED FORM, ALONG WITH AN ATTACHED SHEET INDICATING THAT THEY UNDERSTAND AND REMAIN IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANY BOARD MEMBER, NEW TO THE ORGANIZATION WHO HAS INADVERTENTLY NOT YET RECEIVED OR REVIEWED SAID POLICY IS GIVEN A NEW ONE. THE CHAIRMAN OR BOARD PRESIDENT REVIEWS THE POLICY, RESPONDS TO ANY QUESTIONS AND, THEN IF ALL TRUSTEES AGREE THAY ARE IN COMPLIANCE, THEY ARE ASKED TO SIGN AND DATE A COVER SHEET INDICATING THEY HAVE REVIEWED AND IN GOOD FAITH AGREE THEY REMAIN IN COMPLIANCE. SHOULD THERE BE A SITUATION WHERE A BOARD MEMBER IS NO LONGER IN COMPLIANCE, A MEMBER OF THE EXECUTIVE COMITTEE WILL MEET INDIVIDUALLY WITH THE TRUSTEE TO DISCUSS AND RESOLVE THE ISSUE. BOARD MEMBERS MUST BE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN ORDER TO REMAIN IN GOOD STANDING. FORM 990, PART VI, SECTION B, LINE 15A THERE IS A PROCESS BY WHICH THE COMPENSATION OF THE PRESIDENT, THE FOUNDATION'S TOP PAID MANAGEMENT OFFICIAL, IS REVIEWED AND DETERMINED. THE CHAIRMAN OF THE FOUNDATION FORMS A SMALL TASK FORCE TO BOTH EVALUATE THE PRESIDENT AND RECOMMEND COMPENSATION. THE PROCESS INCLUDES REVIEW OF THE CURRENT COMPENSATION STATISTICS GATHERED FROM LOCAL 990'S OF ORGANIZATIONS OF SIMILAR SIZE OPERATING BUDGETS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S WEBSITE AND NEWSLETTERS INCLUDE A STATEMENT INDICATING THAT ITS GOVERNING DOCUMENTS, INCLUDING CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL FEES: MANAGEMENT AND GENERAL EXPENSES 19,955. FUNDRAISING EXPENSES 19,172. TOTAL EXPENSES 39,127. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,889. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PINES OF SARASOTA HEALTHCARE LLC 1501 N ORANGE AVE SARASOTA FL 34236 475272934 OPERATE AND MAINTAIN SKILLED NURSING AND ASSISTED LIVING FACILITY FL 501(C)(3) LINE 10 0 PINES OF SARASOTA HOLDING CORPORATION 1501 N ORANGE AVE SARASOTA FL 34236 475260713 OPERATE AND MAINTAIN SKILLED NURSING AND ASSISTED LIVING FACILITY FL 501(C)(3) LINE 12B, II 0 PINES OF SARASOTA MANAGEMENT CORPORATION 1501 N ORANGE AVE SARASOTA FL 34236 475261041 OPERATE AND MAINTAIN SKILLED NURSING AND ASSISTED LIVING FACILITY FL 501(C)(3) LINE 12B, II 0 PINES OF SARASOTA INC 1501 N ORANGE AVE SARASOTA FL 34236 590700567 OPERATE AND MAINTAIN SKILLED NURSING AND ASSISTED LIVING FACILITY FL 501(C)(3) LINE 7 0 1100 CENTRAL AVENUE CORPORATION 1501 N ORANGE AVE SARASOTA FL 34236 461562505 TITLE HOLDING COMPANY FL 501(C)(2) 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 PINES OF SARASOTA HEALTHCARE LLC B 10776696 CASH PINES OF SARASOTA HEALTHCARE LLC D 5482871 FMV PINES OF SARASOTA HEALTHCARE LLC K 25469 FMV PINES OF SARASOTA HEALTHCARE LLC C 25000 CASH