2021-11-13T12:05:18-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2020-01-01 222575208 BETHANY HOME FOUNDATION INC BETH 4018312870 111 SOUTH ANGELL STREET PROVIDENCE RI 02906 STEPHANIE IGOE EXECUTIVE DIRECTOR 4018312870 2021-11-10 1 STEPHANIE IGOE 999009999 LAURA J KENNEY P00202198 6177170831 2021-11-04 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHANIE IGOE 111 SOUTH ANGELL STREET PROVIDENCE RI 02906 535274 0 X N/A X 1985 RI TO PROVIDE AN INDEPENDENT LIVING PROGRAM FOR THE ELDERLY AND TO SUPPORT BETHANY HOME OF RI, AN EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 11 11 0 11 0 0 0 0 563322 529752 6072 5522 0 0 569394 535274 82324 46715 0 0 133330 134549 0 0 0 409027 340065 624681 521329 -55287 13945 321531 344146 85558 95177 235973 248969 TO PROVIDE AN INDEPENDENT LIVING PROGRAM FOR THE ELDERLY AND TO SUPPORT BETHANY HOME OF RI, AN EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 0 0 337290 46715 529752 BETHANY HOME FOUNDATION MANAGES A 30-UNIT CONDOMINIUM RETIREMENT COMMUNITY HOME TO INDEPENDENT OLDER ADULTS IN SUPPORT OF BETHANY HOME OF RI, A 501(C)(3) NURSING FACILITY. 337290 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 0 0 1 1 1 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X STEPHANIE IGOE 4018312870 111 SOUTH ANGELL STREET PROVIDENCE RI 02906 X MARK CHAFEE TREASURER 0.50 0.50 X X 0 0 0 W PARISH LENTZ CHAIRMAN OF BOARD 0.50 0.50 X X 0 0 0 STEPHANIE BASILE BOARD MEMBER 0.50 0.50 X 0 0 0 DONALD BLOUGH BOARD MEMBER 0.50 0.50 X 0 0 0 CAROLINE CORNWELL BOARD MEMBER 0.50 0.50 X 0 0 0 DONALD GARDNER BOARD MEMBER (UNTIL 12/31/2020) 0.50 0.50 X 0 0 0 LUCILLE JOHNSON BOARD MEMBER (UNTIL 10/2020) 0.50 0.50 X 0 0 0 KEVIN LENIHAN BOARD MEMBER 0.50 0.50 X 0 0 0 ANN-MARIE MCGEE BOARD MEMBER (UNTIL 6/30/2020) 0.50 0.50 X 0 0 0 RICHARD C SULLIVAN BOARD MEMBER 0.50 0.50 X 0 0 0 ALAN LAWSON BOARD MEMBER 0.50 0.50 X 0 0 0 HELAINE SCHUPACK BOARD MEMBER 0.50 0.50 X 0 0 0 JOHN PALMIERI BOARD MEMBER 0.50 0.50 X 0 0 0 ELIZABETH SARRO ADMINISTRATOR 4.00 36.00 X 14633 151160 13492 14633 151160 13492 0 0 1 0 0 COMMON FEES 532000 480238 480238 APPRECIATION INCOME ON 531390 46714 46714 PARKING FEES 531390 2800 2800 529752 5522 5522 535274 529752 0 5522 46715 46715 15875 15875 87123 87123 4235 4235 15570 15570 11746 11746 32935 32935 5453 5453 240 240 5644 5644 205853 205853 34915 30955 3960 CAPITAL PURCHASES 53767 53767 PAYROLL PROCESSING 960 960 MISCELLANEOUS EXPENSE 298 298 521329 337290 184039 0 80096 71283 100 23092 7210 15230 234125 234541 321531 344146 11596 32787 73962 62390 85558 95177 X 235973 248969 235973 248969 321531 344146 13945 -949 0 X X 1 X 0 1 0 X X 1 BETHANY HOME OF RHODE ISLAND 050258941 10 1 46715 0 1 46715 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 SCHEDULE A, PART I, LINE 12G, COLUMN VI BETHANY HOME OF RHODE ISLAND PROVIDES MANAGEMENT SERVICES TO BETHANY HOME FOUNDATION, INCLUDING ADMINISTRATIVE, MAINTENANCE, AND SECURITY SERVICES. 234125 58080 1372 59036 234541 232252 69420 11372 78919 234125 210661 84080 -454 62035 232252 362455 173540 14165 339499 210661 307962 184403 24724 154634 362455 1.00000 0 0 0 MEMBERSHIP DEPOSITS 24500 DUE TO AFFILIATE 37890 62390 X PART V, LINE 4: THE FUNDS ARE SET ASIDE FOR THE SUPPORT OF THE GENERAL OPERATIONS OF BETHANY HOME FOUNDATION. PART X, LINE 2: NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS PROVIDED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE (IRS) HAS CLASSIFIED THE FOUNDATION AS A PUBLIC CHARITY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF ADMINISTRATIVE AND GENERAL EXPENSES. 1 BETHANY HOME OF RI INC 111 SOUTH ANGELL STREET PROVIDENCE RI 02906 050258941 501(C)(3) 46715 TO PROVIDE FINANCIAL SUPPORT TO BETHANY HOME OF RI, INC. 1 PART II, LINE 1(A): THE ORGANIZATION MAKES GRANTS TO BETHANY HOME OF RHODE ISLAND, INC., A RELATED SECTION 501(C)(3) ORGANIZATION THAT IS ITS SUPPORTED ORGANIZATION. THE GRANT FUNDS ARE MONITORED SINCE THE SAME OFFICERS AND BOARD MEMBERS SERVE BOTH ORGANIZATIONS. X 0 0 0 0 0 0 0 0 0 ELIZABETH SARRO ADMINISTRATOR 14112 145778 521 5382 0 0 610 6022 632 6228 15875 163410 0 0 PART I, LINE 3 THE ADMINISTRATOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD TAKES INTO ACCOUNT THE COMPENSATION PAID TO SIMILAR ADMINISTRATORS AT COMPARABLE NON-PROFITS IN THE AREA. ADDITIONALLY, THE BOARD CONSIDERS THE ADMINISTRATOR'S SUCCESS IN ACHIEVING THE ORGANIZATIONAL GOALS. THE DISCUSSIONS AND DECISIONS OF THE ADMINISTRATOR'S COMPENSATION ARE DOCUMENTED BY THE BOARD OF DIRECTORS DURING THE BOARD MEETING. FORM 990, PART V, LINE 2A: COMPENSATION AND RELATED EXPENSES ARE PAID BY BETHANY HOME OF RHODE ISLAND. BETHANY HOME FOUNDATION REIMBURSES BETHANY HOME OF RHODE ISLAND FOR THE EXPENSES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO ITS FILING AND THE PRESIDENT/ADMINISTRATOR OF BETHANY FOUNDATION, INC. HAS THE AUTHORITY TO SIGN THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE POLICY IS MAINTAINED AND UPDATED WHEN NECESSARY BY THE ADMINISTRATOR. THE ADMINISTRATOR MONITORS ANY POSSIBLE CONFLICTS AT ALL TIME IN PARTICULAR IF THERE ARE ANY CHANGES IN BOARD MEMBERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: ELIZABETH SARRO WAS THE ADMINISTRATOR OF BETHANY HOME FOUNDATION, INC. UNTIL JULY, 2021. SHE WAS ALSO THE PRESIDENT/ADMINISTRATOR OF BETHANY HOME OF RHODE ISLAND UNTIL JULY, 2021. HER TIME WAS SPLIT BETWEEN THE TWO ORGANIZATIONS. COMPENSATION AND BENEFITS WERE REIMBURSED BY BETHANY HOME FOUNDATION TO BETHANY HOME FOR THE TIME SPENT ON BETHANY HOME FOUNDATION. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL COMPILATION OF BETHANY HOME FOUNDATION'S FINANCIAL STATEMENTS. BETHANY HOME OF RHODE ISLAND 111 SOUTH ANGELL STREET PROVIDENCE RI 02906 050258941 PROVISION OF LONG TERM CARE FOR THE ELDERLY RI 501(C)(3) LINE 10 BETHANY HOME FOUNDATION INC 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BETHANY HOME OF RHODE ISLAND INC O 15770 CASH BETHANY HOME OF RHODE ISLAND INC P 15770 CASH BETHANY HOME OF RHODE ISLAND INC B 46715 CASH BETHANY HOME OF RHODE ISLAND INC E 37890 CASH