2018-04-24T09:41:23-05:00 2016-08-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2015-09-01 590791037 Rehabilitation Center for Children and Adults Inc REHA 5616557266 300 Royal Palm Way Palm Beach FL 33480 Ellen O'Bannon Director of Operations 5616557266 2018-04-11 1 Scott Y Haynes P01366363 5616896000 2015 2021-01-29 14:40:06Z X Ellen O'Bannon 300 Royal Palm Way Palm Beach FL 33480 101560 0 X WWW.RCCA.ORG X 1940 FL To improve people's physical function, communication & independence. 56 56 19 56 0 0 461267 557353 492732 488965 1555998 166302 21225 -5227780 2531222 -4015160 0 0 0 0 1642288 1699664 0 0 92703 885574 779074 2527862 2478738 3360 -6493898 16845450 15291575 13550 5267964 16831900 10023611 To improve people's physical function, communication, and independence. 0 0 2065598 488965 Patient and community services - Improved 572 people's physical function, communication, and independence by providing 11,571 physical, occupational, and speech therapy treatents, regardless of the patient's ability to pay. 2065598 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 2 0 0 19 1 0 0 0 0 1 1 1 1 0 0 X 56 56 1 0 0 1 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 FL X X Themis Quiros 5616557266 300 Royal Palm Way Palm Beach FL 33480 X Dr John C Whelton Exec. Comm. Immed. Past PR 1.00 X 0 0 0 David J Thomas Exec. Comm. 2nd Vice Pres. 1.00 X X 0 0 0 Carol O Flanagan Exec. Committee President 1.00 X X 0 0 0 Barbara A Moore Exec. Committee Treasurer 1.00 X X 0 0 0 Lynn T Pohanka Exec. Comm. Recording Sect. 1.00 X X 0 0 0 William J Soter Exec. Comm. Corr. Secty. 1.00 X X 0 0 0 Mrs Patrick Henry Exec. Committee Member 1.00 X 0 0 0 Suzanne Johnston Exec. Committee Member 1.00 X 0 0 0 Mrs Thorne Donnelley Jr Exec. Committee Member 1.00 X 0 0 0 C Ray Dorsey Exec. Committee Member 1.00 X 0 0 0 Frank Slattery Jr Board of Governors 1.00 X 0 0 0 Pamela J Mettler Exec. Committee Member 1.00 X 0 0 0 William H Minor Jr Exec. Committee Member 1.00 X 0 0 0 Mrs Douglas J O'Connor Board of Governors 1.00 X 0 0 0 Mrs Martin A Purcell Exec. Committee Member 1.00 X 0 0 0 J Cater Randolph II Exec. Comm. 1st Vice Pres. 1.00 X X 0 0 0 Patsy S Johnson Exec. Committee Member 1.00 X 0 0 0 Mrs R Michael Strickland Exec. Committee Member 1.00 X 0 0 0 Barron Collier Board of Governors 1.00 X 0 0 0 Mrs Bradley Collins Board of Governors 1.00 X 0 0 0 Mark W Cook Board of Governors 1.00 X 0 0 0 Howard Cox Board of Governors 1.00 X 0 0 0 Mortimer F Curran Board of Governors 1.00 X 0 0 0 Mrs Jacques Dejoux Board of Governors 1.00 X 0 0 0 James M Ballentine Jr Board of Governors 1.00 X 0 0 0 Mrs Paget H Ferrell Board of Governors 1.00 X 0 0 0 J Bradford Greer Board of Governors 1.00 X 0 0 0 William S Gubelmann Board of Governors 1.00 X 0 0 0 Edward L Hennessy Jr Board of Governors 1.00 X 0 0 0 Heather T Henry Board of Governors 1.00 X 0 0 0 Thornton M Henry Board of Governors 1.00 X 0 0 0 Mrs Louis O Hilton Board of Governors 1.00 X 0 0 0 Richard S Johnson Jr Board of Governors 1.00 X 0 0 0 Hewlett Kent Board of Governors 1.00 X 0 0 0 Mrs Michael W Kirkpatrick Board of Governors 1.00 X 0 0 0 William F Koch III Board of Governors 1.00 X 0 0 0 J Peter Lyons Exec. Committee Member 1.00 X 0 0 0 Mas G Massoumi MD Board of Governors 1.00 X 0 0 0 David H Morrish Board of Governors 1.00 X 0 0 0 Alexandra Oelsner Board of Governors 1.00 X 0 0 0 Mrs Shannon T Howell Exec. Committee Member 1.00 X 0 0 0 Dr Peter Scholla Board of Governors 1.00 X 0 0 0 John H Schuler Board of Governors 1.00 X 0 0 0 Mrs W Sydnor Settle Exec. Committee Member 1.00 X 0 0 0 Mrs Paul J Van Der Grift Board of Governors 1.00 X 0 0 0 Patrick W Whitehead Board of Governors 1.00 X 0 0 0 Charles J Frankel III Exec. Committee Member 1.00 X 0 0 0 Mrs Gregory L Lembo Board of Governors 1.00 X 0 0 0 Stephen M Zaloom Board of Governors 1.00 X 0 0 0 Edward W Sandall MD Exec. Comm. 3rd Vice Pres. 1.00 X X 0 0 0 Kathleen A Miner Exec. Committee Member 1.00 X 0 0 0 Peter N Giesler Board of Governors 1.00 X 0 0 0 Mary Page Hufty MD Board of Governors 1.00 X 0 0 0 Bailey B Sory III Board of Governors 1.00 X 0 0 0 Jane H Told Board of Governors 1.00 X 0 0 0 Edward E Madden Board of Governors 1.00 X 0 0 0 Pamela J Henderson Executive Director 39.00 X 124300 0 16613 Ellen O'Bannon Physical & Rehab Director 39.00 X 122715 0 12852 247015 0 29465 2 0 0 0 0 204225 353128 557353 Patient fees 621400 935409 935409 Medicare, insurance & charity 621400 -446444 -446444 488965 436149 436149 3792278 4062125 -269847 -269847 -269847 72375 204225 54595 17780 17780 Pension restoration loss 900099 -5245560 -5245560 -5245560 -4015160 488965 0 -5061478 X 1232927 1081396 118549 32982 191490 163031 22265 6194 184606 157903 20891 5812 90641 79404 8791 2446 39000 37416 1584 170 170 20477 581 19896 72180 72180 7528 4528 3000 338904 292656 43612 2636 1318 1021 297 87419 84082 2023 1314 Supplies 64259 58894 1108 4257 Telephone 37974 33454 3750 770 Repairs & maintenance 25322 17559 2327 5436 Dues, postage & printin 21522 6019 1313 14190 63001 47654 1681 13666 2478738 2065598 320437 92703 X 855814 2207492 118669 126422 95265 105064 3238332 2992142 279303 246190 15436620 12570008 59779 36399 16845450 15291575 10400 18904 3150 3500 0 5245560 13550 5267964 X 15989476 9181187 842424 842424 16831900 10023611 16845450 15291575 -6493898 -314391 0 X X 0 1 X 1 0 X 640671 825223 378199 289742 353128 2486963 640671 825223 378199 289742 353128 2486963 151765 2335198 445052 433999 456004 527678 436149 2298882 4785845 0.48790 0.50520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 842424 842424 842424 842424 842424 842424 842424 842424 842424 842424 0 0 78726 78726 2035609 1901709 133900 1123997 1090433 33564 246190 Accrued pension liability 5245560 5245560 X 916009 -314391 5245560 4931169 -4015160 0 -4015160 2478738 0 2478738 0 2478738 Part X, Line 2: The Center is exempt from federal and state income taxes as a voluntary health and welfare organization under Internal Revenue Section 501(c)(3). Income from activities not directly related to the Center's exempt purpose is subject to taxation at statutory corporate tax rates. There was no income from activities unrelated to the Center's exempt purpose during the current year. Accordingly, no income taxes are provided in the financial statements. Management analyzes tax positions in jurisdictions where it is required to file income tax returns. Interest and penalties attributable to income taxes, if any, are included in operating expenses. Based on its evaluation, management did not identify any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. No interest or penalties related to income taxes were recorded for the years ended August 31, 2016 and 2015. The Center is no longer subject to income tax examination for the fiscal years prior to 2013. Part XI, Line 2d - Other Adjustments: Pension restoration loss 5,245,560. Part V, Line 4: To provide income for charitable and unreimbursed care and capital improvements. ANNUAL SOIREE 205250 158750 46500 24333 2000 5597 SPRING LUNCHEON 71350 45475 25875 18570 4095 276600 204225 72375 42903 2000 9692 54595 17780 William H Minor Jr Member Board of Governors (former as of 11/16/16) 14458 William H. Minor, Jr., and his company William H. Minor and Associates, A Division of Harper Holding Company, Inc. served as the Plan Administrator of the Center's Target Benefit Pension up until November 16, 2016. Although payments were not issued directly to Mr. Minor or his company, the Center remitted $14,458 to the Plan Custodian for the benefit of Minor and his company for the fiscal year ended August 31, 2016. 0 Part IV, Line 12a The Center engaged an independent accountant to audit the financial statements for fiscal year-end August 31, 2016. That audit had not been issued as of the original return filing, but has been completed and issued as of the date of this amended return (See Part VI, Section A, Line 5 below). Form 990, Part VI, Section A, line 2 All relationships exist within the Board of Governors: Mrs. Joseph P. Flanagan (Dec. 8/26/2016) and Mrs. Alexandra Oelsner - Mother & daughter; Mrs. Patrick Henry and Mrs. Heather T. Henry - Mother & daughter; Mrs. Richard S. Johnson and Mrs. Richard S. Johnson, Jr. - Mother & son. Form 990, Part VI, Section A, line 5 As of August 31, 2016, the Center offered a Target Benefit Retirement Plan (the "Plan") that covered all full-time employees who attained the age of 21 years and who completed at least 1,000 hours of service during the twelve month period beginning on the first day of work. During the summer of 2016, the Board made inquiries of the Plan Administrator, a long-time board member, as to the financial status of the Plan. The Plan Administrator's responses were delayed and unsatisfactory, and an inquiry directed to the Plan Custodian disclosed a significant discrepancy between the assets reported by the Plan Administrator and those reported by the Custodian. The Center received routine notices of claims from plan participants including current and former employees, but no lawsuits were filed. The Board retained legal counsel to assist in the investigation of these matters, and the Center ceased making contributions to the Plan prior to its fiscal year-end and froze the Plan as of November 30, 2016. As of March 15, 2018, the Center reached a settlement agreement with plan participants and accrued a liability, net of recovery amounts received to date, necessary to restore the pension plan. Additional sources of recoupment are actively being pursued, although the amount of future recovery remains uncertain. Form 990, Part VI, Section B, line 11 Form 990 is reviewed by the Center's Audit Committee, whose membership includes a certified public accountant and an attorney at law. The Form is also reviewed by management. After the review process is complete, the Form is then made available to all members of the Board of Governors for their input before it is filed with the government. Part VI, Section A, Line 9 William H. Minor, Jr. ceased being a member of the Board of Governors as of 11/16/2016, and cannot be contacted through the Center's address. Form 990, Part VI, Section B, line 12c Each board member is required to sign a conflict of interest disclosure form that reaffirms each member's understanding of the Center's bylaws that state "No member of the Board of Governors, Executive Committee, or officer shall be involved in any transaction with the corporation that may develop a conflict of interest; the matter to be determined by vote of the Executive Committee." The form also requires the written disclosure of any relationship which could contribute to a conflict of interest. The forms are updated annually. Form 990, Part VI, Section B, line 15 The compensation of the Center's executive management and key employeees is reviewed annually by the Compensation Committee comprised of members of the Center's Board of Governors. The level of compensation is based on job performance, leadership skills exhibited, management and administrative ability, and personal traits. Compensation levels are also compared with industry standards in order to remain competitive in hiring and retaining outstanding personnel. The Center follows the same review procedure for other officers and key employees as it does for its CEO, Executive Director, and other top management officials. Form 990, Part VI, Section C, line 19 The Center makes all policies, financial data, and Form 990 available for public inspection at the Center's business office during normal work hours. Form 990, Part XII, Line 2C The Organization's Audit Committee is responsible for the selection of the independent auditor and the oversight of the Audit and 990 process. This policy has not changed from the prior year. Page 1, Heading Item B: Amended Return: Subsequent to the previous filing of the Center's 2015 Form 990, the Organization executed a settlement agreement with claimants of the Target Benefit Pension Plan, and accrued $5,795,560 to restore plan assets, less $550,000 that has been recovered thus far. This amount will be funded upon the receipt of certain administrative and compliance approvals. The Center anticipates further recoupment from its insurance carrier and other parties, although an exact amount of recovery is uncertain as of this date. In connection with the settlement agreement and related recovery, this amended return is prepared to agree with the Center's Audited Financial Statements and includes the following adjustments: Part VIII, line 11a: Added Pension restoration loss of $5,245,560 Part X, line 25: Added Accrued pension liability of $5,245,560 Part X, line 27: Reduced Unrestricted net assets by $5,245,560 These changes are also reflected in Part XI, line 1; Schedule D, Part X, line 1; and Schedule D, Part XI, line 2d. In addition, this amendment contains several miscellaneous adjustments in Part IX Statement of Functional Expenses to better align amounts with the Audited Financial Statement presentation.