2018-05-10T15:57:58-07:00 2017-06-30 990 2016-07-01 381676540 PINE REST FOUNDATION PINE 6164555000 PO Box 165 Grand Rapids MI 495010165 Paul Karsten Chief Financial Officer 6164555000 2018-05-15 64.186.46.230 2016 2021-01-29 14:40:06Z Mark Eastburg PO Box 165 Grand Rapids MI 49501 22881231 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. 12 10 0 13 0 0 1493399 7375609 0 0 -63634 904569 -22781 -91145 1406984 8189033 2781172 8167406 0 0 0 0 0 177970 177970 149715 142824 2930887 8488200 -1523903 -299167 23413264 24785361 111400 608043 23301864 24177318 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 8167406 8167406 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 $596,058 was made to provide funds for financial assistance for patients with the inability to pay for services. An additional $585,000 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 $6,986,348 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 8167406 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 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 12 10 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 Board Member 2.00 58.00 X X 0 400102 18597 Margaret Breon Board Member 1 0 X 0 0 0 Jack De Boer Board Member 1 0 X 0 0 0 Samantha Howell Board Member 1 0 X 0 0 0 Aaron Jonker Board Member 1 0 X 0 0 0 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 Allen VanderLaan Secretary 1 0 X X 0 0 0 Peter Boumgarden Treasurer 1 0 X X 0 0 0 Paul Karsten Chief Financial Officer 2 58 X 0 259286 17456 Teresa Newmarch Executive Director 20 20 X 0 120656 8115 0 780044 44168 0 0 1 0 Ghiorsi & Sorrenti Inc 255 Madison Ave Wyckoff NJ 07481 Consulting - Fundraising 158527 Merrill Lynch 250 Monroe Ave NW Ste 600 Grand Rapids MI 49503 Investment management fees 124717 0 0 0 478116 0 0 6897493 0 7375609 0 473871 0 0 473871 0 0 0 0 0 0 0 0 0 0 14984151 0 14553453 0 430698 0 430698 0 0 430698 47600 478116 138745 -91145 0 -91145 0 8189033 0 0 813424 8167406 8167406 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 0 724 0 724 0 0 0 0 0 6700 0 6700 0 0 0 0 0 177970 177970 124717 0 124717 0 0 0 0 0 0 0 0 0 3277 0 3277 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 3578 0 3578 0 3828 0 3828 0 8488200 8167406 142824 177970 172327 723894 0 0 5000 52208 0 0 0 0 0 0 0 0 0 0 0 0 23235937 24009259 0 0 0 0 0 0 23413264 24785361 111400 608043 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 111400 608043 X 19595991 20431468 0 0 3705873 3745850 23301864 24177318 23413264 24785361 -299167 1174621 0 0 0 0 X 0 1 X 1 0 X X 1 PINE REST CHRISTIAN MENTAL HEALTH SERVICES 381368360 3 1 8167406 0 1 8167406 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 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 3705873 0 414875 414875 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 an 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, 2017 and 2016. 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, 2017 and 2016. Pine Rest is no longer subject to examination by taxing authorities for years before 2015. X X X 1 Ghiorsi & Sorrenti Inc 255 Madison Ave Wyckoff NJ 07481 Assistance in the implementation of initial quiet phase of a comprehensive campaign, including preparing internal constituent for the solicitation of leadership gifts. 0 448765 152000 296765 448765 152000 296765 MI Banquet 288676 270116 18560 0 0 0 0 0 93408 Golf Outing 237040 208000 29040 0 0 0 0 0 45337 0 525716 478116 47600 0 0 0 0 0 138745 138745 -91145 1 Pine Rest Christian Mental Health Services 300 68th St Grand Rapids MI 49548 381368360 501(c)(3) 8167406 0 Cash Value The purpose of granting the funds was 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 Board Member 0 367439 0 0 0 32663 0 4479 0 14118 0 418699 0 0 Teresa Newmarch Executive Director 0 120300 0 0 0 356 0 1852 0 6263 0 128771 0 0 Paul Karsten Chief Financial Officer 0 253040 0 0 0 6246 0 3844 0 13612 0 276742 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 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. 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 990 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 for Form 8868 extending the due date to May 15, 2018