2019-04-26T13:55:38-07:00 2018-06-30 990 2017-07-01 381676540 PINE REST FOUNDATION PINE 6164555000 PO Box 165 Grand Rapids MI 495010165 Paul Karsten Chief Financial Officer 6164555000 2019-04-26 64.186.46.230 2017 2019-02-21 02:37:17Z Mark Eastburg 300 68th St SE Grand Rapids MI 49543 17651714 0 X 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. 13 11 0 10 0 0 7375609 2846318 0 0 904569 1158286 -91145 128017 8189033 4132621 8167406 4172943 0 0 0 0 177970 1147 1147 142824 154130 8488200 4328220 -299167 -195599 24785361 24882652 608043 310297 24177318 24572355 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. 0 0 4172943 0 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 health care and counseling programs. An award of $605,374 was made to provide funds for financial assistance for patients with the inability to pay for services. An additional $577,915 was made available for education, prevention, and support programs through the Hospital. Funding was provided for the continued development of a Residency Program and to improve Hospital Based Services through bettering new-employee orientation and training. The remaining $2,989,654 represents the Pine Rest Foundation as the "single-portal" for all donations intended for the Pine Rest Foundation and Pine Rest Christian Mental Health Services "PRCMHS", including a capital campaign for a renovated Contact Center and addition of inpatient beds called the Cypress unit. 0 0 0 4172943 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 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 13 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X Paul H Karsten 6164555000 300 68th Street SE Grand Rapids MI 495486927 Mark Eastburg Chief Executive Officer 2 58 X X 0 380686 10682 Abigayle Sladick Board Member 1 0 X 0 0 0 Gary Werkman Board Member 1 0 X 0 0 0 Lauretta Murphy President 4 0 X X 0 0 0 Tim Schowalter Vice President 4 0 X X 0 0 0 Aaron Jonker 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 Kevin Miller Board Member 1 0 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 Paul Karsten Chief Financial Officer 2 58 X 0 242019 17154 Teresa Newmarch Executive Director 20 20 X 0 122558 4020 0 745263 31856 0 0 1 0 Merrill Lynch 250 Monroe Ave NW Ste 600 Grand Rapids MI 49503 Investment management fees 139546 1 0 0 15827 0 0 2830491 0 2846318 0 549476 0 0 549476 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14097597 0 13488787 0 608810 0 608810 0 0 608810 158323 15827 30306 128017 0 128017 0 0 0 0 0 0 0 0 0 0 0 0 0 4132621 0 0 1286303 4172943 4172943 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 1349 0 1349 0 0 0 0 0 6700 0 6700 0 0 0 0 0 1147 1147 139546 0 139546 0 0 0 0 0 0 0 0 0 903 0 903 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 0 Annuities 2843 0 2843 0 2789 0 2789 0 4328220 4172943 154130 1147 723894 1478105 0 0 52208 48147 0 0 0 0 0 0 0 0 0 0 0 0 24009259 23356400 0 0 0 0 0 0 24785361 24882652 608043 310297 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 608043 310297 X 20431468 20826505 0 0 3745850 3745850 24177318 24572355 24785361 24882652 -195599 590636 0 0 0 0 X 0 1 X 1 0 X X 1 PINE REST CHRISTIAN MENTAL HEALTH SERVICES 381368360 3 1 4172943 0 1 4172943 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3745850 0 242746 242746 0 0 3745850 3705873 39977 296006 296006 0 0 3745850 3705873 0 29943 29943 0 0 3705873 3705873 0 90033 90033 0 0 3705873 3705873 0 518745 518745 0 0 3705873 0 1 0 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 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 a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no uncertain tax benefits identified at June 30, 2018 and 2017. Pine Rest does not expect the total amount of unrecognized tax benefits 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 income tax expense. The Corporation has no amounts accrued for interest and penalties as of June 30, 2018 and 2017. Pine Rest is no longer subject to examination by taxing authorities for years before 2016. Golf Outing 174150 15827 158323 0 0 0 0 0 30306 0 0 174150 15827 158323 0 0 0 0 0 30306 30306 128017 1 Pine Rest Christian Mental Health Services 300 68th St SE Grand Rapids MI 49548 381368360 501(c)(3) 4172943 0 Cash Value 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 their intended purpose. 0 0 0 0 0 0 0 0 0 Mark Eastburg Chief Executive Officer 0 348299 0 0 0 32387 0 5929 0 4753 0 391368 0 418699 Paul Karsten Chief Financial Officer 0 234849 0 0 0 7170 0 3530 0 13624 0 259173 0 276742 Teresa Newmarch Executive Director 0 122002 0 0 0 556 0 1889 0 2131 0 126578 0 128771 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 Corporation's sole member is Pine Rest Christian Mental Health Services, a nonprofit hospital Corporation. Form 990, Part VI, Section A, Line 7a The Pine Rest Foundation is a Corporation organized on a membership basis. The Corporation's 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 Corporation's sole member is Pine Rest Christian Mental Health Services, a nonprofit 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. Every three years, the external auditors are engaged to perform a quality review of the draft form 990 prior to Finance Committee approval. Recommended changes are made to the Form and supporting schedules and the Finance Committee votes on a motion to approve the Form 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 PO Box 165 Grand Rapids MI 495010165 381368360 Behavioral health services MI 501(c)(3) 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 to May 15, 2019