2024-11-01T13:44:13-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 863815687 THE SHARON FOUNDATION SHAR 7045531670 5100 SHARON ROAD CHARLOTTE NC 28210 ANGELA RIGSBEE PRESIDENT AND CEO 7045531670 2024-11-01 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-11-01 2023 2024-10-15 13:58:12Z X ANGELA RIGSBEE 5100 SHARON ROAD CHARLOTTE NC 28210 1105395 0 X WWW.SHARONTOWERS.ORG X 2021 NC THE FOUNDATION PROVISION OF GOODS, SERVICES, OR FUNDS IS LIMITED TO SHARON TOWERS AND ITS RESIDENTS. 4 4 0 4 0 0 1025000 1000200 0 0 5310 105195 0 0 1030310 1105395 0 0 0 0 89445 78820 0 0 6780 13055 6780 102500 85600 927810 1019795 2030311 3135705 107391 192990 1922920 2942715 SHARON TOWERS FOUNDATION EXISTS SOLELY FOR THE BENEFIT OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC., (D/B/A SHARON TOWERS) AND ITS RESIDENTS. 0 0 78820 THE SHARON FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION THAT SUPPORTS THE MISSION OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC. (THE SHARON AT SOUTHPARK) BY FURTHERING ITS FINANCIAL ASSISTANCE AND FUNDRAISING GOALS. 78820 1 1 0 0 0 0 0 0 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 X 4 4 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X CHARLES R GASKINS CFO 7045533802 5100 SHARON ROAD CHARLOTTE NC 28210 NED MCCONNELL CHAIR 1.00 1.00 X X 0 0 0 VINCENT PRATT VICE CHAIR 1.00 1.00 X X 0 0 0 KELLY GRAVES TREASURER 1.00 1.00 X X 0 0 0 KATHERINE RICHARDS SECRETARY 1.00 1.00 X X 0 0 0 ANGELA RIGSBEE PRESIDENT & CEO 1.00 40.00 X 0 260954 28155 CHARLES GASKINS CFO 1.00 40.00 X 0 228727 32901 0 489681 61056 0 0 1 0 0 1000000 200 1000200 105195 105195 1105395 0 0 105195 74723 74723 4097 4097 6780 6780 85600 78820 0 6780 2030311 3135705 2030311 3135705 107391 192990 107391 192990 X 0 0 0 0 1922920 2942715 1922920 2942715 2030311 3135705 1019795 0 X 0 1 X 1 0 X X X 1 THE PRESBYTERIAN HOME AT CHARLOTTE INC 566064816 10 1 0 0 1 0 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 0 X PART X, LINE 2: THE SHARON AND THE FOUNDATION HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SHARON AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECTED TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE SHARON AND THE FOUNDATION FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAS HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 1 0 1 1 0 ANGELA RIGSBEE PRESIDENT & CEO 0 238942 0 20000 0 2012 0 9220 0 18935 0 289109 0 0 CHARLES GASKINS CFO 0 200637 0 17423 0 10667 0 8022 0 24879 0 261628 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO AND THE CFO IS SET BY A RELATED ORGANIZATION, SHARON TOWERS. SHARON TOWERS DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON TOWERS BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON TOWER'S HUMAN RESOURCES RECORDS. PART I, LINE 5 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 6 CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 7 CEO, CFO, AND VP'S HAD CERTAIN NON-FINANCIAL GOALS TO MEET IN ORDER TO RECEIVE A PORTION OF THEIR BONUS FORM 990, PART VI, SECTION A, LINE 4 DURING 2023, THE ORGANIZATION CHANGED ITS NAME TO THE SHARON FOUNDATION. FORM 990, PART VI, SECTION A, LINE 8B CURRENTLY THE ORGANIZATION HAS NO COMMITTEES TO WHICH THE BOARD DELEGATES AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B REDACTED FORM 990 TO BE REVIEWED BY THE PRESBYTERIAN HOME AT CHARLOTTE, INC. EXECUTIVE COMMITTEE AFTER REVIEWED BY CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST; BOARD MEMBERS ABSTAIN FROM ANY DECISION/VOTE THAT MAY BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE SHARON FOUNDATION DOES NOT PAY THE COMPENSATION FOR THE OFFICERS OF THE ORGANIZATION INSTEAD, COMPENSATION IS PAID BY ITS MEMBER ORGANIZATION, THE SHARON AT SOUTHPARK. THE SHARON DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON AT SOUTHPARKS BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE THE SHARON AT SOUTHPARK'S HUMAN RESOURCES RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, WRITTEN POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PRESBYTERIAN HOME AT CHARLOTTE INC 5100 SHARON ROAD CHARLOTTE NC 28210 566064816 RETIREMENT COMMUNITY NC 501(C)(3) LINE 10 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0