2021-05-10T12:15:38-07:00 2020-06-30 990 2019-07-01 381676540 PINE REST FOUNDATION PINE 6164555000 PO Box 165 Grand Rapids MI 49548 Paul Karsten Chief Financial Officer 6162816363 2021-05-10 2019 2022-09-23 18:48:47Z Mark Eastburg 300 68th St SE Grand Rapids MI 49543 19747271 0 X https://www.pinerest.org/foundation/overview/ X 1960 MI The Pine Rest Foundation was organized to raise funds by means of memberships and gifts, to manage investment assets in an effort to increase available funds, and to provide grants that support the services and mission of Pine Rest Christian Mental Health Services which is to express the healing ministry of Jesus Christ by providing behavioral health care with professional excellence, Christian integrity and compassion. 10 8 0 8 0 0 1436054 298362 0 0 1795162 1590548 180520 0 3411736 1888910 2071428 1318023 0 0 0 0 0 0 182222 196813 182222 2268241 1500245 1143495 388665 25739974 26134145 24124 29630 25715850 26104515 The Pine Rest Foundation was organized to raise funds by means of memberships and gifts, to manage investment assets in an effort to increase available funds and to provide grants that support the services and mission of Pine Rest Christian Mental Health Services which is to express the healing ministry of Jesus Christ by providing behavioral healthcare with professional excellence, Christian integrity and compassion. 0 0 1318023 1214787 0 Each year following a specific formula, the Pine Rest Foundation awards grants to Pine Rest Christian Mental Health Services to fund various aspects of behavioral healthcare and counseling programs. An award of $604,869 was made to provide financial assistance for patients with the inability to pay for services. An additional award of $609,918 was made available for education, prevention and support programs through the hospital. Funding was provided for the continued development of the residency program, and to improved hospital based services. The remaining $103,326 represents the Pine Rest Foundation as the single-portal of giving for gifts to Pine Rest Christian Mental Health Services and Pine Rest Foundation. 0 0 0 1318023 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Paul H Karsten 6164555000 300 68th St SE Grand Rapids MI 49548 Mark Eastburg Chief Executive Officer 2 58 X 462132 0 54828 Paul Karsten Chief Financial Officer 2 58 X 291120 0 36792 Donald Mackenzie Executive Director of the Foundation 20 20 X 146510 0 26966 Lauretta Murphy President 2 0 X X 0 0 0 Bryan Ridgeway Board Member 1 0 X 0 0 0 Kerry Siereveld Board Member 1 0 X 0 0 0 Robert Stafford Board Member 1 0 X 0 0 0 Jack DeBoer Secretary / Treasurer 2 0 X X 0 0 0 Steve Alles Board Member 1 0 X 0 0 0 Aaron Jonker Board Member 1 0 X 0 0 0 Ray Lanning Board Member 1 0 X 0 0 0 899762 0 118586 3 0 1 0 Merrill Lynch 250 Monroe Ave NW Ste 600 Grand Rapids MI 49503 Investment management fees 162515 1 0 0 222430 0 0 75932 0 298362 0 514325 0 0 514325 0 0 0 0 0 0 0 0 0 0 18934584 0 17858361 0 1076223 0 1076223 0 0 1076223 0 0 0 0 0 0 0 1888910 0 0 1590548 1318023 1318023 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5195 0 0 5195 0 0 0 0 0 0 162515 0 0 162515 0 0 0 0 12000 0 0 12000 924 0 0 924 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Annuities Paid Out 1588 0 0 1588 0 0 0 0 1500245 1318023 0 182222 332026 196776 0 0 419367 407197 0 0 0 0 0 0 0 0 0 0 0 0 24988581 25530172 0 0 0 0 0 0 0 0 25739974 26134145 24124 29630 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24124 29630 X 21970000 22358665 3745850 3745850 25715850 26104515 25739974 26134145 388665 0 0 0 0 0 X 0 1 1 0 X X 1 Pine Rest Christian Mental Health Services 381368360 3 1 1318023 0 1 1318023 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 3745850 0 0 0 0 0 3745850 3745850 0 0 0 0 0 3745850 3745850 0 242746 242746 0 0 3745850 3705873 39977 296006 296006 0 0 3745850 3705873 0 29943 29943 0 0 3705873 0 1 0 0 0 0 X Schedule D, Part V, Line 4 The permanent endowment funds will be held in perpetuity and the income generated by the corpus of these funds will be used to fulfill the mission of the Pine Rest Foundation Schedule D, Part X, Line 2 Pine Rest is a not-for-profit corporation pursuant to Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income pursuant to Section 501(a). Pine Rest must recognize the tax benefit from uncertain tax position only if it is "more-likely-than-not" that the tax position will be sustained on examination by the applicable taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has greater that 50 percent likelihood of being realized upon ultimate settlement. There were no uncertain tax benefits identified at June 30, 2020. Pine Rest does not expect the total amount of unrecognized tax benefit to significantly change in the next twelve months. Pine Rest recognizes interest and penalties related to unrecognized tax positions and includes these in interest and tax expense. Pine Rest has no amounts accrued for interest and penalties as of June 30, 2020. Pine Rest is no longer subject to examination by taxing authorities for years before 2018. Golf Event 262305 0 262305 0 0 47375 0 0 0 Banquet 7500 0 7500 0 0 0 0 0 0 0 269805 0 269805 0 0 47375 0 0 0 47375 222430 1 Pine Rest Christian Mental Health Services 300 68th St SE Grand Rapids MI 49548 381676540 501(c)(3) 1219787 0 The purpose of granting the funds is to support the programs, services and mission of Pine Rest Christian Mental Health Services, its sole member. 1 0 Schedule I, Part I, Line 2 All grants are reviewed by the Foundation Board of Directors on a regular basis. Each specific service or program is monitored periodically by an assigned director. This involves regular contact between the Board of Directors and the manager responsible for utilizing the grant for the intended purpose. X 0 0 0 0 0 0 0 0 0 Mark Eastburg Chief Executive Officer 0 434898 0 2062 0 25172 0 25000 0 29828 0 516960 0 404965 Paul Karsten Chief Financial Officer 0 283048 0 1948 0 6124 0 17037 0 19755 0 327912 0 263638 Donald Mackenzie Executive Director of the Foundation 0 146237 0 0 0 273 0 7211 0 19755 0 173476 0 25419 Schedule J, Part I, Line 3 The related organization, Pine Rest Christian Mental Health Services has adopted a written Executive Compensation plan and has delegated to the Board Compensation Committee the responsibility of implementing and overseeing compensation issues with regular reporting to the Pine Rest Board. Form 990, Part VI, Section A, Line 6 The Pine Rest Foundation is a corporation organized on a membership basis. The Corporations sole member is Pine Rest Christian Mental Health Services, a non-profit hospital Corporation. Form 990, Part VI, Section A, Line 7a The Pine Rest Foundation is a Corporation organized on a membership basis. The Corporations sole member is Pine Rest Christian Mental Health Services a non-profit hospital Corporation. Decisions of the governing board are subject to approval by the sole member. Form 990, Part VI, Section A, Line 7b The Pine Rest Foundation is a Corporation organized on a membership basis. The Corporations sole member is Pine Rest Christian Mental Health Services, a non-profit hospital Corporation. Decisions of the governing board are subject to approval by the sole member. Form 990, Part VI, Section B, Line 11b The Board of Directors has authorized the Finance Committee of the Board of Directors to review and approve the form 990 each year prior to submission to the IRS. Each year a copy of the Form 990 is given to the external auditors for review. Recommended changes are made to the form and supporting schedules and the Finance Committee votes on a motion to approve the 990 and supporting schedules as amended. The final filed Form 990 is made available to all Board Members for their review and information. Form 990, Part VI, Section B, Line 12c The organization requires each of its Board Members to review the conflict of interest policy annually. The organization also requires Board members to complete a specific Conflict of interest questionnaire annually where they must disclose any potential conflicts. Form 990, Part VI, Section C, Line 19 All documents are available to the public upon request. Pine Rest Christian Mental Health Services 300 68th st SE Grand Rapids MI 49501 381368360 Behavioral Health Services MI 501(c)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 Pine Rest Foundation received approval of form 8868 extending the due date for the IRS Form 990 to May 15, 2021