2025-02-03T13:18:44-06:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-04-01 521435132 RAPPAHANNOCK WESTMINSTER-CANTERBURY FOUNDATION RAPP 8044384000 132 LANCASTER DR IRVINGTON VA 22480 STUART A BUNTING PRESIDENT & CEO 8044384000 2025-01-31 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-01-21 2023 2025-03-06 01:10:19Z STUART A BUNTING 132 LANCASTER DR IRVINGTON VA 22480 1866932 0 X WWW.EMBRACELIFEATRWC.ORG X 1985 VA TO PROVIDE FINANCIAL ASSISTANCE FOR INDIVIDUALS OF RW-C. 4 4 0 15 0 0 822525 375952 0 0 329226 549235 0 0 1151751 925187 311208 534191 0 0 0 0 0 0 30389 162343 159257 473551 693448 678200 231739 9729974 11076876 22255 11871 9707719 11065005 PRIMARY MISSION IS TO EXTEND THE FACILITIES AND SERVICES OF RW-C INC. TO AID AS MANY DESERVING INDIVIDUALS AS CAN PRUDENTLY BE SUPPORTED WITH THE FUNDS AVAILABLE TO THE FOUNDATION. 0 0 577755 534191 PROVIDES FELLOWSHIP ASSISTANCE TO THOSE RESIDENTS OF RW-C WHO CANNOT FULLY AFFORD THE FOUNDERS FEE OR MONTHLY FEE. USES RESTRICTED CONTRIBUTIONS FOR EMPLOYEE SCHOLARSHIPS, SPECIAL PROJECTS, AND OTHER DESIGNATED PURPOSES ESTABLISHED BY THE DONEE, FOR THE BENEFIT OF THE RESIDENTS. 577755 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X STUART BUNTING 8044384000 132 LANCASTER DR IRVINGTON VA 22480 ELEANOR DAVIS TRUSTEE 1.00 X 0 0 0 PHILIP BOOTH TRUSTEE 1.00 1.00 X 0 0 0 SUSAN MCKENNA TRUSTEE 1.00 X 0 0 0 FRED LUXTON TRUSTEE 1.00 X 0 0 0 CARL BLADES TRUSTEE 1.00 X 0 0 0 STUART A BUNTING PRESIDENT/CEO/SECRETARY 4.00 36.00 X 0 263285 35622 SUSAN VAUGHN TREASURER 4.00 36.00 X 0 108592 13231 0 371877 48853 2 0 1 0 0 375952 375952 276920 276920 1214060 941745 272315 272315 272315 925187 0 0 549235 371985 371985 162206 162206 89884 35954 26965 26965 8768 8768 46147 46147 3045 3045 4526 1810 1358 1358 2007 803 602 602 MISCELLANEOUS 4880 1952 1464 1464 693448 577755 85304 30389 1465726 1019645 37304 0 8226944 10057231 9729974 11076876 22255 11871 22255 11871 X 7858145 9228382 1849574 1836623 9707719 11065005 9729974 11076876 231739 1125547 0 X X 0 1 X 1 0 X 1794122 309210 419212 822525 375952 3721021 1794122 309210 419212 822525 375952 3721021 1771816 1949205 200064 162352 212001 211189 276920 1062526 4783547 0.40750 0.51600 X PART II, B, LINE 10 LINE 10, OTHER INCOME, WAS REVISED TO REMOVE $44,859 THAT WAS PREVIOUSLY REPORTED IN COLUMN (B) FOR TAX YEAR 2019. THIS INCOME WAS FROM A FUNDRAISING EVENT AND WAS INCORRECTLY REPORTED ON SCHEDULE A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1496035 276149 200000 1572184 1625878 -66795 63048 1496035 1676650 88611 139383 1625878 1217998 508743 50091 1676650 1331505 -59702 53805 1217998 0.52900 0.47100 0 0 0 INVESTMENTS 10057231 F 10057231 DUE TO RW-C 11871 11871 X 2063685 1018778 387073 1405851 657834 267353 267353 925187 399804 0 399804 293644 293644 693448 PART V, LINE 4: RETURNS ON INVESTMENT MAY BE USED FOR BUILDING REPAIRS AND MAINTENANCE OF RAPPAHANNOCK WESTMINSTER-CANTERBURY. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INCOME TAX STANDARD. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 387,073. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 81,571. RESTRICTED INVESTMENT INCOME 48,404. RESTRICTED REALIZED GAIN 137,378. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS FOR PURCHASES OF PROPERTY AND EQUIPMENT 293,644. 1 RAPPAHANNOCK WESTMINSTER-CANTERBURY INC 132 LANCASTER DR IRVINGTON VA 22480 541150148 501(C)(3) 371985 0 TO SATISFY VARIOUS RESTRICTED PURPOSE GIFTS FELLOWSHIP 6 147118 SCHOLARSHIPS 6 15088 PART I, LINE 2: RW-C EMPLOYEE SCHOLARSHIPS: SCHOLARSHIPS ARE AVALILABLE TO RW-C EMPLOYEES WHO MEET THE SPECIFIC REQUIREMENTS. THE SOURCES OF THESE SCHOLARSHIPS ARE A RESTRICTED GIFT HELD IN TRUST AND A RESTRICTED GIFT HELD BY RW-C FOUNDATION. SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE OR VENDOR ON BEHALF OF THE SCHOLARSHIP RECIPIENTS. GRANTS TO RW-C FOR FELLOWSHIP ASSISTANCE: THE FOUNDATION TRANSFERS FUNDS TO RW-C FOR THEIR FELLOWSHIP ASSISTANCE PROGRAM. OTHER RESTRICTED GIFT EXPENSES: FROM TIME TO TIME, THE FOUNDATION RECEIVES GIFTS RESTRICTED FOR SPECIFIC PURPOSES FOR RW-C. AT THE APPROPRIATE TIME, THE FOUNDATION TRANSFERS THESE FUNDS TO RW-C TO SATISFY THE RESTRICTED PURPOSES OF THOSE GIFTS. PART III, COLUMN (B): INDIVIDUAL PAYMENT FOR EACH RECIPIENT 0 0 0 0 0 0 0 0 0 STUART A BUNTING PRESIDENT/CEO/SECRETARY 0 263285 0 0 0 0 0 5077 0 30545 0 298907 0 0 PART I, LINE 3 COMPENSATION OF THE CEO AND OTHER EMPLOYEES IS PAID BY A RELATED ORGANIZATION. THE CEO'S PERFORMANCE AND COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES OF RW-C, A RELATED ORGANIZATION ON AN ANNUAL AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE BOARD CHAIRMAN. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE BOARD OF TRUSTEES. -THE BOARD CHAIR OBTAINS INPUT AND FEEDBACK FROM INDIVIDUAL TRUSTEES USING A QUESTIONNAIRE OR BY OBTAINING DIRECT FEEDBACK COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO CEO PERFORMANCE. -THIS INFORMATION IS REVIEWED AND SUMMARIZED BY THE BOARD CHAIR, REVIEWED AND DISCUSSED WITH THE BOARD IN AN EXECUTIVE SESSION, AND REVIEWED AND DISCUSSED WITH THE CEO ALSO IN AN EXECUTIVE SESSION OF THE BOARD. -THROUGHOUT THE YEAR, THE BOARD CHAIR SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES AND OR THE COMMUNITY WITH THE CEO. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MET TO ASSESS THE PERFORMANCE OF STUART BUNTING AND TO REVIEW THE COMPENSATION PACKAGE FOR HIS POSITION. THE COMMITTEE, AS PART OF THE COMPENSATION REVIEW, EVALUATED THE PACKAGE AGAINST COMPARABLE INDUSTRY AND LOCAL EMPLOYERS AS WELL AS A REVIEW BY AN INDEPENDANT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE REPORTED THE PERFORMANCE REVIEW AND THE COMPENSATION ASSESSMENT TO THE BOARD OF TRUSTEES. OFFICERS' PERFORMANCE AND COMPENSATION IS REVIEWED ANNUALLY BY THE CEO AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE CEO. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE CEO. -THE CEO CONDUCTS A FORMAL PERFORMANCE REVIEW USING THE ORGANIZATION'S PERFORMANCE REVIEW FORM AND BY PROVIDING SUPPORTING COMMENTARY COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO OFFICER PERFORMANCE. -THIS INFORMATION IS REVIEWED AND DISCUSSED WITH THE OFFICER IN A PRIVATE SETTING. THE OFFICER IS ALSO AFFORDED THE OPPORTUNITY TO PROVIDE ANY VERBAL AND OR WRITTEN COMMENTS HE OR SHE FEELS IS APPROPRIATE TO THEIR FORMAL PERFORMANCE REVIEW. -THROUGHOUT THE YEAR, THE CEO SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES, THE COMMUNITY, AND STAFF WITH THE OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF TRUSTEES IS PROVIDED A COPY OF THE FORM 990 AND REQUESTED TO SUBMIT COMMENTS AND CONCERNS. ALL COMMENTS AND CONCERNS ARE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE AN ACTIVE CORPORATE COMPLIANCE PROGRAM AND OFFICER. THE PROGRAM CONTAINS A DETAILED PROTOCOL TO ADDRESS/INVESTIGATE/TAKE ACTION FOR SUSPECTED AND/OR ACTUAL CONFLICTS OF INTEREST. FURTHER, TRUSTEES ARE REQUIRED TO COMPLETE ON AN ANNUAL BASIS THE CONFLICT OF INTEREST STATEMENT. IN ADDITION, THE ORGANIZATION'S PERSONNEL POLICIES, APPLICABLE TO ALL PERSONNEL, CONTAIN A SECTION REGARDING CONFLICT OF INTEREST. THE PROTOCOL BOTH IN THE PERSONNEL POLICIES AND THE CORPORATE COMPLIANCE PROGRAM OUTLINE A PROCESS FOR REVIEW AND ACTION. SUBSTANTIATED CONFLICTS OF INTEREST WILL RESULT IN DISCIPLINE UP TO AND INCLUDING TERMINATION FOR EMPLOYEES AND SANCTIONS UP TO AND INCLUDING REMOVAL FOR TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 CEO EVALUATION THE CEO'S PERFORMANCE AND COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES OF RW-C, A RELATED ORGANIZATION ON AN ANNUAL AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE BOARD CHAIRMAN. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. THE PROCESS FOR DETERMINING COMPENSATION IS: -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE BOARD OF TRUSTEES. THE PROCESS FOR JUDGING PERFORMANCE IS: -THE BOARD CHAIR OBTAINS INPUT AND FEEDBACK FROM INDIVIDUAL TRUSTEES USING A QUESTIONNAIRE OR BY OBTAINING DIRECT FEEDBACK COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO CEO PERFORMANCE. -THIS INFORMATION IS REVIEWED AND SUMMARIZED BY THE BOARD CHAIR, REVIEWED AND DISCUSSED WITH THE BOARD IN AN EXECUTIVE SESSION, AND REVIEWED AND DISCUSSED WITH THE CEO ALSO IN AN EXECUTIVE SESSION OF THE BOARD. -THROUGHOUT THE YEAR, THE BOARD CHAIR SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES AND OR THE COMMUNITY WITH THE CEO. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MET TO ASSESS THE PERFORMANCE OF STUART BUNTING AND TO REVIEW THE COMPENSATION PACKAGE FOR HIS POSITION. THE COMMITTEE, AS PART OF THE COMPENSATION REVIEW, EVALUATED THE PACKAGE AGAINST COMPARABLE INDUSTRY AND LOCAL EMPLOYERS AS WELL AS A REVIEW BY AN INDEPENDANT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE REPORTED THE PERFORMANCE REVIEW AND THE COMPENSATION ASSESSMENT TO THE BOARD OF TRUSTEES. OFFICER EVALUATION OFFICERS' PERFORMANCE AND COMPENSATION IS REVIEWED ANNUALLY BY THE CEO AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE CEO. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. THE PROCESS FOR DETERMINING COMPENSATION IS: -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE CEO. THE PROCESS FOR JUDGING PERFORMANCE IS: -THE CEO CONDUCTS A FORMAL PERFORMANCE REVIEW USING THE ORGANIZATION'S PERFORMANCE REVIEW FORM AND BY PROVIDING SUPPORTING COMMENTARY COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO OFFICER PERFORMANCE. -THIS INFORMATION IS REVIEWED AND DISCUSSED WITH THE OFFICER IN A PRIVATE SETTING. THE OFFICER IS ALSO AFFORDED THE OPPORTUNITY TO PROVIDE ANY VERBAL AND OR WRITTEN COMMENTS HE OR SHE FEELS IS APPROPRIATE TO THEIR FORMAL PERFORMANCE REVIEW. -THROUGHOUT THE YEAR, THE CEO SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES, THE COMMUNITY, AND STAFF WITH THE OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE FOUND IN THE DISCLOSURE STATEMENT. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VII, DESCRIPTION OF HOURS FOR RELATED ORGANIZATIONS: OFFICERS LISTED ON PART VII WORK AN AVERAGE OF 40 HOURS PER WEEK. THEIR TIME IS SHARED BETWEEN THE FILING ORGANIZATION AND THE RELATED ENTITY LISTED ON SCHEDULE R. RAPPAHANNOCK WESTMINSTER-CANTERBURY INC 132 LANCASTER DR IRVINGTON VA 22480 541150148 CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) 509(A)(2) RAPPAHANNOCK WESTMINSTER-CANTERBURY INC 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0