2025-10-15T16:48:00-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 570337132 BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY BISH 8434066298 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 SARAH TIPTON PRESIDENT/CEO 8434066298 2025-10-15 1 1 KERRI N BOGDA P00760402 7177404863 2025-10-15 2024 2025-03-06 01:10:19Z SARAH TIPTON 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 70640296 0 X WWW.BISHOPGADSDEN.ORG X 1943 SC OPERATION OF A FAITH-BASED RETIREMENT FACILITY PROVIDING HOUSING AND HEALTH CARE SERVICES 12 12 878 40 0 0 1692682 2733805 56698800 63431868 2539402 3498036 2286086 408117 63216970 70071826 785082 892071 0 0 32719879 35508699 0 0 423443 33667414 35443843 67172375 71844613 -3955405 -1772787 309485590 337102076 252260121 277967681 57225469 59134395 X BISHOP GADSDEN, A LIFE CARE RETIREMENT COMMUNITY, EMBRACES GOD'S CALL TO MINISTRY. WE AFFIRM POSITIVE LIVING FOR ALL WHO LIVE AND WORK HERE. WE SERVE WITH INTEGRITY. WE EXERCISE WISE STEWARDSHIP. WE REACH OUT WITH A GENEROUS SPIRIT. 0 0 59860421 63431868 FOUNDED BY THE FOURTH EPISCOPAL BISHOP OF SOUTH CAROLINA IN 1850, BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY UPHOLDS THE TRADITION OF FAITH-BASED, NOT-FOR-PROFIT ORGANIZATIONS DEDICATED TO THE WELL-BEING OF THOSE PERSONS WHO, BECAUSE OF AGE, PERSONAL CONDITIONS, HEALTH AND THEIR EXPRESS DESIRE, CHOOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN IS A MISSION-DRIVEN, ORGANIZATION WHICH HAS A LONG-TERM OBLIGATION TO ITS RESIDENTS AND IS COMMITTED TO REMOVING FINANCIAL BARRIERS TO RESIDENCY. ITS ROOTS IN THE GREATER CHARLESTON COMMUNITY SPAN OVER 174 YEARS AND, THROUGH THE YEARS, IT HAS RESPONDED TO SPECIFIC NEEDS OF THE GREATER COMMUNITY. IT HAS LONG BEEN OPEN TO ALL MEN AND WOMEN WITHOUT REGARD TO RACE, CREED, RELIGION, SEXUAL PREFERENCE, OR NATIONAL ORIGIN.RETIREMENT COMMUNITY: BISHOP GADSDEN SERVES APPROXIMATELY 500 SENIOR ADULTS, 62 YEARS OF AGE AND OLDER, RESIDING IN FOUR LEVELS OF CARE: INDEPENDENT COMMUNITY (283 UNITS), ASSISTED LIVING (79 UNITS), MEMORY SUPPORT (32 BEDS), AND SKILLED NURSING CARE (100 BEDS). BISHOP GADSDEN OPERATES TO MEET THE PRIMARY NEEDS OF SENIORS BY PROVIDING (1) RESIDENTIAL FACILITIES DESIGNED TO MEET PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF THE ELDERLY, (2) ACCESS TO HEALTH CARE SERVICES AS NEEDED, (3) ASSURANCE THAT THE ORGANIZATION IS RUN IN A FISCALLY RESPONSIBLE MANNER, AND (4) THE COMMITMENT OF FINANCIAL SECURITY TO ANY RESIDENT WHO RUNS OUT OF MONEY THROUGH NO FAULT OF HIS/HER OWN. 467071 467071 0 CHARITABLE GIVING AND GENEROUS SPIRIT PROGRAMS: THROUGHOUT BISHOP GADSDEN'S HISTORY, A COMMITMENT TO GIVING HAS BEEN ON THE FOREFRONT RESULTING IN MORE $14.5 MILLION IN CHARITABLE CARE AND GIFTS BEING RAISED FOR CHARITABLE CARE WITHIN THE COMMUNITY AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY.THE CHARITABLE MISSION COMMITTEE'S NONPROFIT SELECTION CHAIR AND FELLOW RESIDENTS SELECT A SMALL GROUP (5 TO 7) OF NONPROFITS FROM A LIST OF AROUND 30 NONPROFIT GRANT APPLICATIONS TO SUPPORT EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM TEAM MEMBERS OF THE CHARITABLE GIVING OFFICE, THE CHARITABLE MISSION COMMITTEE SETS A FUNDRAISING GOAL. IN 2024, THIS IMPORTANT COMMITTEE DISBURSED $342,000 IN CASH. THESE FUNDS WERE ALLOCATED AS FOLLOWS: BARRIER ISLANDS FREE MEDICAL CLINIC - $100,000; DEE NORTON CHILD ADVOCACY CENTER - $75,000; JAMES ISLAND OUTREACH - $95,000; LOWCOUNTRY VETERANS HOME - $60,000; RESPITE CARE CHARLESTON - $3,000; COASTAL CRISIS CHAPLAINCY - $9,000. ADDITIONALLY, $13,500 IN IN-KIND ITEMS, PLUS 5000 TOYS FOR HABITAT FOR HUMANITY AND TOYS FOR TOTS WERE DONATED. IN ADDITION TO CHARITABLE CAUSES THAT SUPPORT OUTSIDE ORGANIZATIONS, RESIDENTS AND STAFF CONTRIBUTE TO THE STRONGHEART EMPLOYEE EDUCATION SCHOLARSHIP, WITH $130,219 BEING DISTRIBUTED TO EMPLOYEES FOR EDUCATION PURPOSES AND EDUCATION DEBT ELIMINATION, AS WELL AS THE EMPLOYEE ASSISTANCE FUND, WHICH GAVE LOANS AND GRANTS IN THE NET AMOUNT OF $58,069. IN ADDITION, THE EMPLOYEE ASSISTANCE FUND PROVIDED 81 CARDS AND 8100 IN BACK-TO-SCHOOL FUNDS FOR ELIGIBLE EMPLOYEES.RESIDENTS AND STAFF CONTRIBUTE MORE THAN 4,600 VOLUNTEER HOURS TO LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS, AN INVESTMENT OF $144,007. ADDITIONALLY, BISHOP GADSDEN'S CULINARY DEPARTMENT DONATED 22,192 POUNDS OF FOOD, EQUALING A GIFT OF $33,288, AND 18,494 MEALS. EXECUTIVE STAFF ALSO SIT ON COMMUNITY BOARDS SUCH AS ROPER ST. FRANCIS, VANTAGE POINT FOUNDATION, LOWCOUNTRY ASSOCIATION OF FUNDRAISING PROFESSIONALS, SC/NC PLANNED GIVING CONFERENCE, SEA ISLAND HABITAT FOR HUMANITY, LEADINGAGE SC AND WE ARE SHARING HOPE. 425000 425000 0 RESIDENT ASSISTANCE PROGRAM: BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850 TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION.SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED NEARLY $6 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE A HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS WHO, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE, WHILE ALSO SUPPORTING OUTSIDE CHARITABLE ORGANIZATIONS. ALL RESIDENTS WHO ARE RECEIVING FINANCIAL SUPPORT OR ASSISTANCE ARE BETWEEN THE AGES OF 73-98. THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND ACROSS ALL SOCIOECONOMIC LINES. BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION.IN 2024, APPROXIMATELY $425,000 WAS DISTRIBUTED IN FINANCIAL ASSISTANCE. 60752492 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 137 0 878 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X LYNNE KERRISON EVPCFO 8437623300 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 MELINDA LUCKA KELLEY ESQUIRE CHAIR 1.00 0.00 X X 0 0 0 BRIAN HUSSAIN SECRETARY/TREASURER 1.50 2.50 X X 0 0 0 DR PATRICK J KELLY MD VICE CHAIR 1.50 2.50 X X 0 0 0 DR DAVID ADAMS MD BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT BALDWIN BOARD MEMBER 1.00 1.00 X 0 0 0 HEYWARD CARTER JR ESQ BOARD MEMBER 1.00 1.00 X 0 0 0 JOANNE M HILL BOARD MEMBER 1.00 2.50 X 0 0 0 KATHERINE ROBINSON BOARD MEMBER 1.00 1.00 X 0 0 0 REV GREGORY SMITH BOARD MEMBER 1.00 1.00 X 0 0 0 GREG JONES BOARD MEMBER 1.00 1.00 X 0 0 0 RT REV RUTH WOODLIFF-STANLEY BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT VINGI BOARD MEMBER 1.00 2.50 X 0 0 0 SARAH E H TIPTON CEO/PRESIDENT 40.00 15.00 X 418070 0 77401 LYNNE L KERRISON EVP/CFO 40.00 15.00 X 383641 0 53799 AARON D ROOP SR. VP 40.00 10.00 X 272681 0 39126 JONNA COOK VP OF HEALTH SERVICES 50.00 0.00 X 215494 0 40448 JAMES A EPPER VP OF CULINARY SERVICES 50.00 0.00 X 167877 0 26163 DANIEL F LARRABEE VP FACILITY OPERATIONS 50.00 0.00 X 184443 0 5557 THEODORE LU VP OF HUMAN RESOURCES 50.00 0.00 X 206992 0 26777 KIMBERLY BORTS VP MISSION & COMM 40.00 10.00 X 193138 0 20531 KATHERINE JAYNE VP OF COMMUNITY LIFE & COMPLIANCE 50.00 0.00 X 154020 0 22704 RYAN BENTLEY ASST DIR/EXEC CHEF CULINARY 50.00 0.00 X 142587 0 21015 EVAN ROBERTS DIRECTOR, CLINICAL EXCELLENCE 50.00 0.00 X 129796 0 27147 RUTH EVANS MEDICARE ANALYTICS MANAGER 50.00 0.00 X 143117 0 17419 2611856 0 378087 23 0 1 0 S K BURT CONSTRUCTION LLC 201 BAYBERRY RUN SUMMERVILLE SC 29485 CONSTRUCTION SERVICES 2503109 TURF TECHS LLC 127 HAMPTON HALL LN MONCKS CORNER SC 29461 LANDSCAPING SERVICES 1047066 SAMET CORPORATION 4285 SPRUILL AVE CHARLESTON SC 29405 CONSTRUCTION SERVICES 745201 RLPS ARCHITECTS 250 VALLEYBROOK DR LANCASTER PA 17601 ARCHITECTS 570516 KARE TECHNOLOGIES LLC PO BOX 4738 HOUSTON TX 772104738 STAFFING SERVICES 450705 14 2733805 125866 2733805 RESIDENT REVENUE 623000 63431868 63431868 63431868 2823583 2823583 15148 15148 0 1116517 437287 4777 679230 -4777 674453 674453 85244 111258 -26014 -26014 SCDOR TAX REFUND 900099 174677 174677 BUILDING SERVICES 900099 85073 85073 ADMINISTRATIVE FEES 900099 83521 83521 90860 90860 434131 70071826 63431868 0 3906153 330000 330000 562071 562071 2118467 1824037 277266 17164 27288474 23504059 3563321 221094 682438 570965 110173 1300 3349219 2743579 584443 21197 2070101 1797538 250388 22175 27130 27130 47150 47150 2628 2628 152867 152867 1830398 1276190 547508 6700 306042 229072 72025 4945 3028202 2490267 460589 77346 949721 18789 930932 4803886 4797891 5995 156142 115529 36560 4053 4358469 4358469 11206726 11206726 3160554 1647 3158907 FOOD & BEVERAGE 3816095 3754215 51926 9954 MEDICAL EXPENSES 773238 773238 EMPLOYEE EXPENSES 182871 78739 95854 8278 RESIDENT EXPENSES 179020 116430 36717 25873 462704 203041 256299 3364 71844613 60752492 10668678 423443 13973735 11458405 2256918 5711552 10784 1458414 1440955 1660000 179422 273080 907959 908541 336504104 102918404 214597663 233585700 70029536 74328910 6081943 7724149 309485590 337102076 6337140 6679442 63325392 66267853 137573908 143488648 45023681 61531738 252260121 277967681 X 42798548 42266046 14426921 16868349 57225469 59134395 309485590 337102076 X -1772787 3614797 66916 X 0 1 X 1 0 X 2988154 7487278 3376388 1692682 2733805 18278307 36028899 39773902 43315096 56698800 63431868 239248565 39017053 47261180 46691484 58391482 66165673 257526872 40500 278065 32790 35665 39835 426855 5648516 2842253 1952290 1040030 6833016 18316105 5689016 3120318 1985080 1075695 6872851 18742960 238783912 1540662 2698495 1496937 2548321 2838731 11123146 1540662 2698495 1496937 2548321 2838731 11123146 187121 272459 290607 2467065 519375 3736627 40744836 50232134 48479028 63406868 69523779 272386645 0.87660 0.88880 0.04080 0.03740 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 20,555. 2021 AMOUNT: $ 43,927. 2022 AMOUNT: $ 4,180. 2023 AMOUNT: $ 8,645. CHAPEL SERVICES FEE - 2020 AMOUNT: $ 350. 2021 AMOUNT: $ 2,250. 2022 AMOUNT: $ 2,500. 2023 AMOUNT: $ 9,080. TOBACCO SURCHARGE REV - 2020 AMOUNT: $ 860. POSTAGE SALES - 2020 AMOUNT: $ 14,584. 2021 AMOUNT: $ 13,232. 2022 AMOUNT: $ 11,070. 2023 AMOUNT: $ 11,116. 2024 AMOUNT: $ 10,671. INDEPENDENT LIVING - 2020 AMOUNT: $ 11,089. 2021 AMOUNT: $ 34,150. 2022 AMOUNT: $ 85,346. 2023 AMOUNT: $ 93,637. PARKING - 2020 AMOUNT: $ 8,300. 2021 AMOUNT: $ 7,500. 2022 AMOUNT: $ 7,900. 2023 AMOUNT: $ 12,000. 2024 AMOUNT: $ 11,200. LATE CHARGES - 2020 AMOUNT: $ 29,053. 2021 AMOUNT: $ 20,351. 2022 AMOUNT: $ 32,270. 2023 AMOUNT: $ 34,470. 2024 AMOUNT: $ 37,660. GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 67,307. 2021 AMOUNT: $ 95,444. 2022 AMOUNT: $ 95,825. 2023 AMOUNT: $ 106,028. 2024 AMOUNT: $ 85,244. BUILDING SERVICES - 2020 AMOUNT: $ 35,023. 2021 AMOUNT: $ 53,414. 2022 AMOUNT: $ 47,541. 2023 AMOUNT: $ 53,637. 2024 AMOUNT: $ 85,073. REBATES - 2021 AMOUNT: $ 2,191. 2023 AMOUNT: $ 10,162. 2024 AMOUNT: $ 31,329. COLUMBARIUM - 2022 AMOUNT: $ 3,975. 2023 AMOUNT: $ 13,500. QUAY SETTLEMENT-RENOVATION REIMBURSEMENT - 2023 AMOUNT: $ 2,114,790. ADMINISTRATIVE FEES - 2024 AMOUNT: $ 83,521. SCDOR TAX REFUND - 2024 AMOUNT: $ 174,677. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2628 2628 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO LEADINGAGE AND LEADINGAGE SC, ORGANIZATIONS WHICH ADVOCATE FOR SENIOR CITIZENS. PORTIONS OF THE DUES PAID ARE ALLOCATED TO LOBBYING EXPENSES. 6327311 83609 337301 201604 6546617 6615642 54693 474014 817038 6327311 7316274 66408 -758790 8250 6615642 6806517 102905 414352 7500 7316274 6252315 38914 522788 7500 6806517 0.00000 0.76190 0.23810 0 0 7962679 7962679 280578792 86942617 193636175 38094117 15307624 22786493 9868516 668163 9200353 233585700 GIFT ANNUITIES 247085 OTHER LIABILITIES 787513 REFUNDABLE ENTRANCE FEES 60497140 61531738 73549945 3614797 -247936 3366861 70183084 -111258 -111258 70071826 71641019 126406 126406 71514613 330000 330000 71844613 PART V, LINE 4: THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE AND GROW CAPITAL. THIS INCLUDES PRESERVING PURCHASING POWER BY STRIVING FOR LONG-TERM RETURNS WHICH EITHER MATCH OR EXCEED THE SET PAYOUT. DIVERSIFYING INVESTMENTS CONSISTENT WITH COMMONLY ACCEPTED INDUSTRY STANDARDS TO MINIMIZE THE RISK OF LARGE LOSSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -33,112. FAIR VALUE ADJUSTMENT OF DERIVATIVE FINANCIAL INSTRUMENTS 1,610,028. TRANSFER TO AFFILIATE -1,840,000. RENTAL EXPENSES 15,148. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -111,258. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 111,258. RENTAL EXPENSES 15,148. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT GRANT SUPPORT TO OUTSIDE ORGANIZATIONS 330,000. 1 BARRIER ISLANDS FREE MEDICAL CLINIC 3226 MAYBANK HIGHWAY BUILDING C JOHNS ISLAND SC 29455 205268911 100000 0 GENERAL COMMUNITY SUPPORT DEE NORTON LOWCOUNTRY CHILDREN'S CENTER 1061 KING STREET CHARLESTON SC 29403 570905724 75000 0 GENERAL COMMUNITY SUPPORT JAMES ISLAND OUTREACH 1860 CAMP ROAD CHARLESTON SC 29412 570907554 501(C)(3) 95000 0 GENERAL COMMUNITY SUPPORT SENIOR HOUSING AND RESOURCE MANAGEMENT (DBA LOWCOUNTRY VETERANS HOME) 1707 MCLEOD AVE CHARLESTON SC 29412 843041715 501(C)(3) 60000 0 GENERAL COMMUNITY SUPPORT 2 2 EDUCATIONAL SCHOLARSHIPS/EMPLOYEE ASSISTANCE/BACK TO SCHOOL GIFT CARDS 137 140127 FINANCIAL ASSISTANCE TO RESIDENTS 10 421584 PART I, LINE 2: FINANCIAL ASSISTANCE IS GIVEN TO RESIDENTS WHO QUALIFY FOR RESIDENCY IN EVERY WAY EXCEPT FINANCIAL. ALL PROSPECTIVE RESIDENTS SEEKING FINANCIAL ASSISTANCE UNDERGO THE SAME SCREENING THAT ALL OTHER PROSPECTIVE RESIDENTS DO. IF A CURRENT RESIDENT SEEKS FINANCIAL ASSISTANCE, BISHOP GADSDEN REQUIRES AN UPDATE OF HIS/HER CONFIDENTIAL FINANCIAL INFORMATION. WE MAY ALSO REQUIRE FURTHER DOCUMENTS IN THE FORM OF TAX RETURNS AND/OR BANK STATEMENTS. A RESIDENT IS NEVER ASKED TO LEAVE BISHOP GADSDEN IF HE/SHE OUTLIVES RESOURCES THROUGH NO FAULT OF HIS/HER OWN. EMPLOYEE EDUCATIONAL SCHOLARSHIPS ARE ALSO PROVIDED. EMPLOYEES COMPLETE AN APPLICATION AND A SCHOLARSHIP COMMITTEE DECIDES ON RECIPIENTS. THIS PROCESS HAPPENS TWICE ANNUALLY. EMPLOYEES WHO REQUIRE FINANCIAL ASSISTANCE LIKEWISE FILL OUT AN APPLICATION. A COMMITTEE PROVIDES OVERSIGHT TO THE EMPLOYEE ASSISTANCE FUND AND MAKES DECISIONS ON RECIPIENTS. X X X X X 0 1 0 0 0 0 0 1 0 SARAH E H TIPTON CEO/PRESIDENT 418070 0 0 0 0 0 30500 0 46901 0 495471 0 0 0 LYNNE L KERRISON EVP/CFO 345141 0 38500 0 0 0 23344 0 30455 0 437440 0 0 0 AARON D ROOP SR. VP 236681 0 36000 0 0 0 23000 0 16126 0 311807 0 0 0 JONNA COOK VP OF HEALTH SERVICES 193234 0 22260 0 0 0 26783 0 13665 0 255942 0 0 0 THEODORE LU VP OF HUMAN RESOURCES 189992 0 17000 0 0 0 8938 0 17839 0 233769 0 0 0 KIMBERLY BORTS VP MISSION & COMM 173138 0 20000 0 0 0 11847 0 8684 0 213669 0 0 0 JAMES A EPPER VP OF CULINARY SERVICES 149377 0 18500 0 0 0 18708 0 7455 0 194040 0 0 0 DANIEL F LARRABEE VP FACILITY OPERATIONS 149443 0 35000 0 0 0 5557 0 0 0 190000 0 0 0 KATHERINE JAYNE VP OF COMMUNITY LIFE & COMPLIANCE 135020 0 19000 0 0 0 6578 0 16126 0 176724 0 0 0 RYAN BENTLEY ASST DIR/EXEC CHEF CULINARY 131587 0 11000 0 0 0 13560 0 7455 0 163602 0 0 0 RUTH EVANS MEDICARE ANALYTICS MANAGER 138627 0 4490 0 0 0 8735 0 8684 0 160536 0 0 0 EVAN ROBERTS DIRECTOR, CLINICAL EXCELLENCE 122796 0 7000 0 0 0 19692 0 7455 0 156943 0 0 0 PART I, LINE 4B SARAH E. H. TIPTON (CEO/PRESIDENT) AND LYNNE KERRISON (CFO) PARTICIPATE IN A 457(B) DEFERRED COMPENSATION PLAN. AT THE END OF THE YEAR, THE TOTAL AMOUNT OF EMPLOYER CONTRIBUTIONS TO THE 457(B) PLANS WERE $23,000 AND $23,000, RESPECTIVELY. THIS COMPENSATION IS REFLECTED AS PART OF THE DEFERRED COMPENSATION REPORTED ON FORM 990, PART VII AND IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 THE RESIDENTS CONTRIBUTE MONEY TO THE ANNUAL APPRECIATION FUND. BASED ON THE AMOUNT RAISED A DOLLAR VALUE IS GIVEN TO EACH FULL TIME HOURLY EMPLOYEE - A PRO-RATED AMOUNT IS GIVEN TO EMPLOYEES NOT FULL TIME. THE BOARD OF TRUSTEES APPROVES A DOLLAR AMOUNT OF BONUS (TOTAL BONUS POOL) TO SALARIED STAFF AND SOME HOURLY STAFF (OVER AND ABOVE THE EMPLOYEE APPRECIATION AMOUNT) - THE BONUS TO THE CEO IS RECOMMENDED BY THE BOARD. THE OPERATIONAL RESULTS OF BISHOP GADSDEN IS A PRIMARY DRIVER OF THE BONUS POOL, ALONG WITH OPERATIONAL DIFFICULTIES, BUDGET BENCHMARKS, FEEDBACK FROM RESIDENTS, ETC. THE CEO, ALONG WITH INPUT FROM MANAGEMENT STAFF AND HR DETERMINES THE AMOUNT OF BONUS TO SALARIED STAFF. THIS IS BASED UPON NON-FINANCIAL METRICS AND THE RESULTS OF OPERATIONS. THE DISCUSSION IS DOCUMENTED IN THE BOARD MINUTES. A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2014-05-07 56563209 REFUNDING OF SERIES 2002 AND CONSTRUCTION OF QUAY APARTMENT BUILDINGS 0 0 0 B SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2016-07-28 11162500 TO REFUND THE SERIES 2002F1 BONDS 0 0 0 C SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2017-04-03 12015486 REFUNDING OF SERIES 2007 BOND ISSUE 0 0 0 D SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031ZA4 2019-12-20 105981487 CONSTRUCTION COSTS ASSOCIATED WITH REPOSITIONING PROJECT 0 0 0 A 41672589 56563209 660000 42791783 13111426 2015 1 0 1 1 B 7834324 11162500 162181 11000319 2016 1 0 1 1 C 8094342 12015486 165486 11850000 2017 1 0 1 1 D 106081806 5725674 3073951 1398828 103393515 1257718 1430573 2022 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/28/2017 2019 BOND ISSUE, PART II, LINE 3: THE AMOUNT OF THE 2019 BOND ISSUE PROCEEDS ON PART II, LINE 3, DIFFERS FROM THE FACE VALUE OF THE BONDS IN PART I DUE TO INVESTMENT EARNINGS GENERATED DURING THE PROJECT PERIOD. A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 2023-01-25 29200000 CONSTRUCTION OF RESIDENTIAL HOUSING 0 0 0 A 11248082 29200000 530187 28669814 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 1 TRUIST BANK 12.000000000000 0 0 0 0 1 A 0 X 1 8427 COST X 7 117439 NYSE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B AN INTERNAL REVIEW WAS PERFORMED BY THE ORGANIZATION'S ADMINISTRATIVE TEAM. A COPY OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY FOR THEIR REVIEW BEFORE FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE POLICY COVERS FAMILIES AND BUSINESS RELATIONSHIPS AS POTENTIAL SOURCES OF CONFLICT. AFTER THE STATEMENTS ARE TURNED IN, THEY ARE REVIEWED BY THE CHAIRMAN OF THE BOARD AND THE PRESIDENT/CEO. SHOULD A CONFLICT BE NOTED, THE CHAIRMAN AND PRESIDENT/CEO EITHER ASK THE BOARD MEMBER TO RESOLVE THE CONFLICT OR RECUSE HIM OR HERSELF FROM VOTING ON MATTERS WHERE THE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE SENIOR LIVING INDUSTRY, THE BOARD OF TRUSTEES REVIEWS 990 DATA AND ASSOCIATION PUBLICATIONS. THE BOARD ALSO QUESTIONS LEADING CONSULTANTS IN OUR INDUSTRY AND PERFORMS SALARY REVIEWS. A FORMAL COMPENSATION STUDY WAS PERFORMED FOR TOP EXECUTIVES IN 2022, WITH BOARD APPROVAL FOR COMPENSATION THAT WENT INTO EFFECT ON JANUARY 1, 2023. ALL DISCUSSIONS REGARDING COMPENSATION ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -33,112. FAIR VALUE ADJUSTMENT OF DERIVATIVE FINANCIAL INSTRUMENTS 1,610,028. TRANSFER TO AFFILIATE -1,840,000. RESIDENT GRANT SUPPORT TO OUTSIDE ORGANIZATIONS 330,000. BISHOP GADSDEN EPISCOPAL COMMUNITIES 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 882582501 SENIOR LIVING COMMUNITY SC 501(C)(3) LINE 10 BISHOP GADSDEN EPISCOPAL COMMUNITY 0 KIAWAH LIFE PLAN VILLAGE INC 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 861250842 SENIOR LIVING COMMUNITY SC 501(C)(3) LINE 12A, I BISHOP GADSDEN EPISCOPAL COMMUNITY 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0