2024-11-15T08:43:53-06:00 2023-12-31 420714325 RSM US LLP 6 S PATTERSON BLVD DAYTON OH 45402 990 2023-01-01 311570272 EPISCOPAL RETIREMENT SERVICES FOUNDATION EPIS 5132719610 3870 VIRGINIA AVE CINCINNATI OH 45227 DANIEL P STEWARD CFO/TREASURER/SECRETARY 5132719610 2024-11-14 1 1 KAREN O CRIM P00368385 9372980201 2024-11-14 2023 2024-10-15 13:58:12Z LAURA LAMB 3870 VIRGINIA AVE CINCINNATI OH 45227 3012927 0 X WWW.EPISCOPALRETIREMENT.COM X 1997 OH THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE. 9 8 0 8 0 0 1811984 2342675 0 0 397796 379436 203589 241411 2413369 2963522 2591715 4008618 0 0 0 0 0 0 0 474098 415770 3065813 4424388 -652444 -1460866 53161316 58026140 71724 67103 53089592 57959037 X THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT SERVICES (ERS) AND/OR OTHER ORGANIZATIONS THAT ERS IS A MEMBER OF, INCLUDING, BUT NOT LIMITED TO, EPISCOPAL RETIREMENT HOMES, INC., EPISCOPAL RETIREMENT SERVICES DEVELOPMENT, LLC, AND EPISCOPAL RETIREMENT HOMES AFFORDABLE LIVING LLC, AND ALL AFFILIATES OF WHICH IT IS A MEMBER. 0 0 4424388 4008618 0 THE EPISCOPAL RETIREMENT SERVICES FOUNDATION (ERSF) HAS BEEN SUCCESSFUL IN SOLICITING, RECEIVING AND INVESTING FUNDS FOR THE SUPPORT OF EPISCOPAL RETIREMENT SERVICES (ERS) AND EPISCOPAL RETIREMENT HOMES, INC. (ERH). THIS HAS ENABLED ERS AND ERH TO CONTINUE OPERATING AND DEVELOPING SENIOR HOUSING FOR THE COMMUNITY IN CONTINUING CARE RETIREMENT COMMUNITIES, AFFORDABLE SUBSIDIZED HOUSING, COMMUNITY SERVICES, MEALS ON WHEELS AND PARISH HEALTH MINISTRY. 4424388 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 1 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 1 1 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X DANIEL P STEWARD 5132719610 3870 VIRGINIA AVE CINCINNATI OH 45227 LAURA LAMB DIRECTOR/PRESIDENT/CEO 10.00 30.00 X X 0 518728 76758 JOANN HAGOPIAN CHAIR 0.20 0.60 X X 0 0 0 JON B BOSS DIRECTOR 0.20 0.00 X 0 0 0 TONY BRUNS DIRECTOR 0.20 0.00 X 0 0 0 TOM COOPER DIRECTOR 0.20 0.60 X 0 0 0 ROY MITCHELL DIRECTOR 0.20 0.00 X 0 0 0 APRYL POPE DIRECTOR 0.20 0.20 X 0 0 0 TOM REGAN DIRECTOR 0.20 0.60 X 0 0 0 CHIP WORKMAN DIRECTOR 0.20 0.60 X 0 0 0 DANIEL STEWARD CFO/TREASURER/SECRETARY 10.00 30.00 X 0 252506 35142 JOAN WETZEL VP, HR & ORG. DEV. 10.00 30.00 X 0 169067 36138 BEVERLY EDWARDS VP, HEALTH SERVICES 10.00 30.00 X 0 202734 3459 BRYAN REYNOLDS VP MARKETING (UNTIL 12/29/23) 10.00 30.00 X 0 141924 37116 JAMES WILSON VP, AFFORDABLE LIVING 10.00 30.00 X 0 186306 15285 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 10.00 30.00 X 0 146102 4212 0 1617367 208110 0 0 1 0 0 11552 2331123 19295 2342675 379436 379436 290816 11552 49405 241411 241411 2963522 0 0 620847 4008618 4008618 OPERATING EXPENSES 415770 415770 4424388 4424388 0 0 2589171 2543207 163717 239136 26454468 28475678 23953960 26768119 53161316 58026140 71724 67103 71724 67103 X 24451280 26144858 28638312 31814179 53089592 57959037 53161316 58026140 X -1460866 6342583 -12272 X 0 1 X 1 0 X X 1 EPISCOPAL RETIREMENT HOMES INC 310554071 10 1 3432350 0 1 3432350 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26484496 19657 4110371 2163846 28450678 34002803 53896 -5740386 1831817 26484496 32026500 6151 3229019 1258867 34002803 29674844 27573 3437328 1113245 32026500 47526696 1249114 -16356492 2744474 29674844 0.90496 0.09504 0.00000 1 0 0 BENEFICIAL INTEREST IN MARJORIE LEE ENDOWMENT FUND 26369238 CHARITABLE UNITRUST 22310 DUE FROM AFFILIATES 376571 26768119 CHARITABLE GIFT ANNUITIES 67103 67103 X PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION ENDOWMENTS IS TO USE 4.0% OF THE AVERAGE MARKET VALUE OF THE FUNDS OVER THE PREVIOUS 12 QUARTERS TO FUND THE SPECIFIC PROGRAMS REQUESTED BY DONORS WHICH INCLUDE: PASTORAL CARE, CARE CENTER FLOWERS, INDEPENDENT LIVING MAINTENANCE, FINANCIAL AID, MEMORY SUPPORT CARE, AFFORDABLE HOUSING AND GENERAL OPERATIONS OF EPISCOPAL RETIREMENT HOMES, INC. THE ORGANIZATION ALSO RECEIVES DISTRIBUTIONS FROM AN ENDOWMENT THAT IS HELD AND ADMINISTERED BY THE TRUSTEES OF THE EPISCOPAL DIOCESE OF SOUTHERN OHIO. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE OBLIGATED GROUP IS EXEMPT FROM FEDERAL INCOME TAXES AS AN OTHER THAN PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE IRC; THEREFORE, THEY ARE NOT SUBJECT TO FEDERAL OR STATE INCOME TAX. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE OBLIGATED GROUP AND RECOGNIZE A TAX LIABILITY IF THE OBLIGATED GROUP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE OBLIGATED GROUP AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE OBLIGATED GROUP IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS. MANAGEMENT BELIEVES THESE ENTITIES ARE NOT SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 12252201 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT 1325800 0 0 0 0 0 0 13578001 0 13578001 1 0 0 0 0 0 X X X X X X X 0 OH GALA 302368 11552 290816 49405 302368 11552 290816 49405 49405 241411 1 EPISCOPAL RETIREMENT HOMES INC 3870 VIRGINIA AVE CINCINNATI OH 45227 310554071 501(C)(3) 3432350 0 GENERAL OPERATING SUPPORT EPISCOPAL RETIREMENT SERVICES 3870 VIRGINIA AVE CINCINNATI OH 45227 475651061 501(C)(3) 546238 0 GENERAL OPERATING SUPPORT 2 0 PART I, LINE 2: WHEN A GRANT IS AWARDED, THE FOUNDATION AWARD IS ENTERED INTO RAISER'S EDGE DONOR SOFTWARE SYSTEM TO GENERATE AN ACKNOWLEDGMENT IF ONE IS REQUIRED. THE FOUNDATION RECORD ALSO CONTAINS A COPY OF THE PROPOSAL SUBMITTED AND AN ACTION IS ENTERED IN THE FOUNDATION RECORD WITH A SPECIFIC DATE OF WHEN A GRANT REPORT IS DUE. ON A SEPARATE DOCUMENT, NOTIFICATION OF THE GRANT WITH INFORMATION PERTAINING TO THE USE OF THE GRANT, IMPORTANT IF USE IS RESTRICTED INCLUDING GRANT USE DATES AND DEADLINES, IS SENT TO THE REQUESTING PROGRAM MANAGER AND THEIR SUPERVISOR. FOLLOW UP COMMUNICATIONS WILL OCCUR QUARTERLY BY FUND DEVELOPMENT TO ENSURE GRANT AWARD IS BEING SPENT IN ACCORDANCE WITH INTENT. AFTER A YEAR OR DATE SPECIFIED BY FUNDER, A REPORT OF GRANT USE AND OUTCOMES IS PREPARED AND SUBMITTED TO THE FUNDER. COPIES OF ALL GRANT SUBMISSIONS ARE ALSO HOUSED ON A NETWORK SHARED DRIVE. 0 0 0 0 0 0 0 0 0 LAURA LAMB DIRECTOR/PRESIDENT/CEO 0 431352 0 78376 0 9000 0 38118 0 38640 0 595486 0 0 DANIEL STEWARD CFO/TREASURER/SECRETARY 0 232787 0 19719 0 0 0 0 0 35142 0 287648 0 0 BEVERLY EDWARDS VP, HEALTH SERVICES 0 180720 0 22014 0 0 0 3139 0 320 0 206193 0 0 JOAN WETZEL VP, HR & ORG. DEV. 0 151670 0 17397 0 0 0 3508 0 32630 0 205205 0 0 JAMES WILSON VP, AFFORDABLE LIVING 0 163191 0 23115 0 0 0 2908 0 12377 0 201591 0 0 BRYAN REYNOLDS VP MARKETING (UNTIL 12/29/23) 0 131078 0 10846 0 0 0 0 0 37116 0 179040 0 0 MEGAN BRADFORD VP, MIDDLE MARKET & MINISTRY 0 129561 0 16300 0 241 0 3894 0 318 0 150314 0 0 PART I, LINE 3 EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: -COMPENSATION COMMITTEE -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 6 EPISCOPAL RETIREMENT SERVICES IS THE SOLE MEMBER OF EPISCOPAL RETIREMENT SERVICES FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE TRUSTEES OF THE EPISCOPAL DIOCESE OF SOUTHERN OHIO HAVE THE RIGHT TO APPOINT ONE INDIVIDUAL TO THE BOARD OF DIRECTORS OF EPISCOPAL RETIREMENT SERVICES FOUNDATION (ERSF). EPISCOPAL RETIREMENT SERVICES, AS THE SOLE MEMBER OF ERSF, APPOINTS ALL OTHER INDIVIDUALS TO THE BOARD OF DIRECTORS OF ERSF. FORM 990, PART VI, SECTION A, LINE 7B THE EPISCOPAL RETIREMENT SERVICES BOARD OF DIRECTORS MUST APPROVE ANY CHANGES TO THE EPISCOPAL RETIREMENT SERVICES FOUNDATION ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE EPISCOPAL RETIREMENT SERVICES (ERS) CFO. THE 990 IS THEN SHARED WITH THE ERS FINANCE COMMITTEE AND THE EPISCOPAL RETIREMENT SERVICES FOUNDATION BOARD PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EPISCOPAL RETIREMENT SERVICES HAS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT. THE CEO'S EXECUTIVE SECRETARY IS RESPONSIBLE TO ENSURE ALL INDVIDUALS RESPOND TO THIS ANNUAL REQUEST. FORM 990, PART VI, SECTION C, LINE 18 EPISCOPAL RETIREMENT SERVICES FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE USE OF THE EPISCOPAL RETIREMENT SERVICES WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -12,272. EPISCOPAL RETIREMENT SERVICES 3870 VIRGINIA AVENUE CINCINNATI OH 45227 475651061 SUPPORTING ORGANIZATION OH 501(C)(3) LINE 12C, III-FI N/A 0 EPISCOPAL RETIREMENT HOMES INC 3870 VIRGINIA AVENUE CINCINNATI OH 45227 310554071 LOW INCOME HOUSING OH 501(C)(3) LINE 10 EPISCOPAL RETIREMENT SERVICES 1 EPISCOPAL CHURCH HOME INC 3870 VIRGINIA AVENUE CINCINNATI OH 45227 610461720 RETIREMENT COMMUNITIES KY 501(C)(3) LINE 10 EPISCOPAL RETIREMENT SERVICES 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 EPISCOPAL RETIREMENT HOMES INC B 3432350 FMV