2025-11-11T20:29:30-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 2501 E ENTERPRISE AVE SUITE 300 APPLETON WI 54913 990 2024-01-01 364266878 MATHER INVESTMENTS NFP MATH 8474927500 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 MARY G LEARY PRESIDENT & CEO 8474927500 2025-11-11 1 0 KELCEY LEITL P01584977 9209686700 2024 2025-03-06 01:10:19Z MARY G LEARY 1560 SHERMAN AVENUE 1010 EVANSTON IL 60201 74364366 0 X WWW.MATHER.COM X 1998 IL MATHER INVESTMENTS, NFP ENHANCES THE LIVES OF OLDER ADULTS BY CREATING AND (CONTINUED ON SCHEDULE O) OPERATING SENIOR LIVING COMMUNITIES. 3 2 492 69 0 0 0 0 45175145 69003597 3201435 5360769 0 0 48376580 74364366 12694162 18168255 0 0 13899965 20449437 0 0 0 16494507 75237483 43088634 113855175 5287946 -39490809 139372022 80748510 145459250 115236006 -6087228 -34487496 MATHER INVESTMENTS, NFP ENHANCES THE LIVES OF OLDER ADULTS BY CREATING AND OPERATING SENIOR LIVING COMMUNITIES. 0 0 40441930 18168255 31338675 MATHER INVESTMENTS, NFP FACILITATES THE OWNERSHIP AND OPERATIONS OF LIFE PLAN COMMUNITIES. WE ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. WE ARE DEDICATED TO PROVIDING A CONTINUUM OF LIVING AND CARE. 63089444 0 42664922 MATHER INVESTMENTS, NFP CONTINUES ITS MISSION THROUGH ITS PARTICIPATION IN JOINT VENTURE OPERATIONS. THE JOINT VENTURES OPERATE LIFE PLAN COMMUNITIES. 103531374 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 492 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 1 IL X CHRISTOPHER MANELLA 8474926764 1560 SHERMAN AVENUE SUITE 1010 EVANSTON IL 60201 MARY G LEARY PRESIDENT & CEO 0.10 60.30 X X 0 1875195 186725 JOHN R PHILLIPS CHAIRMAN 0.10 4.40 X 0 0 0 JENNY CHAN DIRECTOR 0.10 2.10 X 0 0 0 JULIE RIGGS SECRETARY 0.10 49.90 X 0 211471 48577 MARY SCHOEGGL CFO 0.10 50.30 X 0 409108 52623 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 0.10 50.30 X 0 511159 57876 KRISTINA PARE DIRECTOR OF SALES 50.00 0.00 X 279888 0 49138 MARIA PARHAM CARE CENTER ADMINISTRATOR 50.00 0.00 X 159199 0 27584 PETER MUHLBACH GENERAL MANAGER 50.00 0.00 X 259698 0 48378 BETH BENSWANGER DESIGN & MOVE-IN COORDINATOR 50.00 0.00 X 161933 0 25510 RAJESH RADKE GENERAL MANAGER 50.00 0.00 X 341252 0 49619 CAROL L SUSSENBACH FORMER CFO & TREASURER 0.00 0.00 X 0 195895 0 1201970 3202828 546030 18 1 1 0 0 J.V. PROGRAM RECEIPTS 623000 37664922 37664922 CONTRACTED SERVICES 623000 20449437 20449437 MARKETING FEE INCOME 541800 3519153 3519153 DEVELOPMENT FEE INCOME 900099 3493267 3493267 MANAGEMENT FEE 623000 2579817 2579817 1297001 1297001 69003597 360769 360769 5000000 0 5000000 5000000 5000000 74364366 74003597 0 360769 18168255 18168255 15775404 14961475 813929 941103 892547 48556 2526111 2414976 111135 1206819 1144553 62266 15756 15756 3757 3757 JOINT VENTURE EXPENSES 63089444 63089444 0 CORPORATE SERVICES 11881003 2613821 9267182 DESIGN FEES 236860 236860 PARTNERSHIP LOSS 9443 9443 1220 1220 113855175 103531374 10323801 0 807 2546 20828878 11993365 82090301 41106963 0 177995 0 0 0 0 0 0 36452036 27467641 0 0 139372022 80748510 14411512 23624699 0 0 131047738 91611307 145459250 115236006 X -6087228 -34487496 -6087228 -34487496 139372022 80748510 X -39490809 11090541 X 0 1 X 1 0 X 28766115 27892961 36770058 45175145 69003597 207607876 28766115 27892961 36770058 45175145 69003597 207607876 0 15615421 15049142 21696216 27910095 30645031 110915905 15615421 15049142 21696216 27910095 30645031 110915905 96691971 10354 3098 6376 91435 360769 472032 10354 3098 6376 91435 360769 472032 28776469 27896059 36776434 45266580 69364366 208079908 0.46470 0.42520 0.00230 0.00080 X 0 0 0 0 0 TYSONS LPC, LLC 16965342 C MATHER FOUNDATION 10502299 C 27467641 MATHER - INTER ENTITY LOAN 71611307 MATHER FOUNDATION - SUBORDINATED DEBT PAYABLE 20000000 91611307 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS MATHER, MATHER FOUNDATION, MATHER PLACE, MATHER INVESTMENTS, NFP, MATHER POSSIBILITIES AND THE MATHER EVANSTON HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES OF MATHER FILE TAX RETURNS IN CERTAIN STATES; HOWEVER, THEY DO NOT FILE IN EVERY STATE. FOR ALL STATES WHERE THE ENTITIES HAVE NOT FILED A STATE RETURN, ALL TAX YEARS REMAIN OPEN. 1 MATHER 1560 SHERMAN AVE SUITE 1010 EVANSTON IL 60201 362233542 501 (C)(3) 2867175 0 MISSION DRIVEN SUPPORT MATHER FOUNDATION 1560 SHERMAN AVE SUITE 1010 EVANSTON IL 60201 201030638 501 (C)(3) 15301079 0 MISSION DRIVEN SUPPORT 2 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. THE REPORTING ORGANIZATION SUPERVISES THE USE OF THE GRANTS THROUGH OVERLAPPING DIRECTORS. 0 1 0 0 0 0 0 1 0 MARY G LEARY PRESIDENT & CEO 0 808633 0 682539 0 384023 0 150150 0 36575 0 2061920 0 347180 CHRISTOPHER MANELLA SVP FINANCE & TREASURER 0 269407 0 147000 0 94752 0 24150 0 33726 0 569035 0 90546 MARY SCHOEGGL CFO 0 403357 0 0 0 5751 0 24150 0 28473 0 461731 0 0 RAJESH RADKE GENERAL MANAGER 296964 0 34200 0 10088 0 21279 0 28340 0 390871 0 0 0 KRISTINA PARE DIRECTOR OF SALES 151939 0 126413 0 1536 0 20232 0 28906 0 329026 0 0 0 PETER MUHLBACH GENERAL MANAGER 243430 0 10000 0 6268 0 18393 0 29985 0 308076 0 0 0 JULIE RIGGS SECRETARY 0 174054 0 27086 0 10331 0 15417 0 33160 0 260048 0 0 CAROL L SUSSENBACH FORMER CFO & TREASURER 0 0 0 72134 0 123761 0 0 0 0 0 195895 0 123761 BETH BENSWANGER DESIGN & MOVE-IN COORDINATOR 116564 0 44900 0 469 0 11543 0 13967 0 187443 0 0 0 MARIA PARHAM CARE CENTER ADMINISTRATOR 145935 0 11224 0 2040 0 11377 0 16207 0 186783 0 0 0 PART I, LINE 3: TOP MANAGEMENT'S COMPENSATION MATHER INVESTMENTS, NFP'S TOP MANAGEMENT'S COMPENSATION IS ESTABLISHED BY MATHER, AS THE COMPENSATION IS PAID BY MATHER (A RELATED ORGANIZATION). MATHER FOLLOWS PROCEDURES TO ESTABLISH THE "REBUTTABLE" PRESUMPTION OF REASONABLENESS DESCRIBED IN THE INCOME TAX REGULATIONS IN DETERMINING EXECUTIVE COMPENSATION. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT DIRECTORS WHO OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY. OBJECTIVE EVIDENCE OF REASONABLENESS AND COMPARABILITY IS OBTAINED FROM INFORMATION PROVIDED BY AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT. DETERMINATION OF EXECUTIVE COMPENSATION INVOLVES BENCHMARKING WITH COMPARATIVE MARKET COMPENSATION DATA TO ENSURE THAT COMPENSATION IS FAIR, EQUITABLE, AND WITHIN THE STANDARDS OF COMPENSATION UTILIZED WITHIN THE INDUSTRY. COMPENSATION DECISIONS ARE DOCUMENTED AND REVIEWED WITH THE FULL BOARD. PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MARY G. LEARY IS THE ONLY PARTICIPANT IN MATHER'S 457(F) PLAN. AS OF 2021, THE PLAN IS FROZEN AND NO LONGER ACCEPTING CONTRIBUTIONS. MATHER OFFERS A LONG-TERM INCENTIVE PLAN (LTIP) TO CERTAIN MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM, WHICH IS BASED ON OVERLAPPING THREE-YEAR CYCLES, AND PROVIDES FOR INCENTIVE PAYMENTS BASED UPON ACHIEVEMENT OF SPECIFIC THREE-YEAR PERFORMANCE OBJECTIVES. DISTRIBUTIONS WERE PAID OUT IN 2024 TO MARY G. LEARY OF $347,180, CAROL L. SUSSENBACH OF $123,761, AND CHRISTOPHER MANELLA OF $90,546. THE AMOUNTS WERE INCLUDED AS TAXABLE COMPENSATION IN EACH INDIVIDUAL'S W-2. PART I, LINE 7: NON-FIXED PAYMENTS BONUS PROGRAM BASED ON GOAL ACHIEVEMENT AND INCLUDES A DISCRETIONARY NONFIXED PAYMENTS PORTION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND APPROVES MAJOR ACTIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL MATHER IS THE SOLE MEMBER OF THE ORGANIZATION AND IN THIS CAPACITY ELECTS AND REMOVES THE ORGANIZATION'S DIRECTORS AND HAS THE RIGHT TO APPROVE MAJOR DECISIONS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990, AND RELATED SCHEDULES, WERE PREPARED BY GRANT THORNTON ADVISORS LLC USING INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990, INCLUDING SCHEDULES, WAS DISTRIBUTED TO THE MEMBERS OF THE MATHER FOUNDATION AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE MET WITH MANAGEMENT AND REVIEWED THE FORM 990. SUBSEQUENTLY, THE FORM 990 WAS DISTRIBUTED TO EACH DIRECTOR. ALL COMMENTS AND QUESTIONS WERE DIRECTED TO THE ORGANIZATION'S MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY ALL BOARD MEMBERS, OFFICERS AND SENIOR STAFF MUST DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS ARE REFERRED TO THE CEO AND PRESIDENT, THE BOARD CHAIR, AND CHAIR OF THE GOVERNANCE COMMITTEE, WHO TAKE APPROPRIATE ACTION, INCLUDING DISCUSSING WITH THE FULL BOARD, WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION MATHER INVESTMENTS, NFP RELIED ON MATHER TO REVIEW THIS INFORMATION FOR ALL COMPENSATION PAID TO MATHER INVESTMENTS, NFP EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCES: JOINT VENTURES 11,081,656. BOOK/TAX DIFFERENCES: PARTNERSHIPS 8,885. 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