2018-02-23T09:30:51-06:00 2017-04-30 570381582 ELLIOTT DAVIS LLC PLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2016-05-01 570847894 FPCRC INC D/B/A LAUREL CREST RETIREMENT CNTR FPCR 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 THEODORE H READING II TREASURER 8037960370 2017-11-08 1 DENISE P HILL CPA P00046615 8032560002 104.129.204.105 2017-11-08 14:29:58 ES P BD9918A8CC50EF6BAD6F96AD3F47CB4FEB008E20 BD9918A8CC50EF6BAD6F96AD3F47CB4FEB008E20 2016 2021-01-29 14:40:06Z THEODORE H READING II 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 6624091 0 X WWW.LAUREL-CREST.COM X 1987 SC LAUREL CREST WAS ESTABLISHED AS A CONTINUING CARE RETIREMENT CENTER FOR THE FIRST PRESBYTERIAN CHURCH OF COLUMBIA, SC WHICH INCLUDES HOUSING AND MEDICAL CARE WITH SUCH ADDITIONAL AMENITIES AS MAY BE DETERMINED AS NECESSARY OR ADVANTAGEOUS TO THE RESIDENTS OF THE CENTER. 15 15 141 15 0 0 144500 47054 6009480 6562296 19200 7341 7200 7400 6180380 6624091 0 0 0 0 2558487 2663015 0 0 0 3210150 3157762 5768637 5820777 411743 803314 13606780 14412773 10455714 10422547 3151066 3990226 TO OPERATE A CONTINUING CARE RETIREMENT FACILITY CONSISTING OF INDEPENDENT LIVING UNITS, ASSISTED LIVING CENTER AND A HEALTH CENTER. 0 0 5074768 6562296 PROVIDED CONTINUING CARE FOR 84 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT FACILITY, LAUREL CREST, AND ALSO PROVIDED MORE ADVANCED MEDICAL SERVICES TO AN ADDITIONAL 21 RESIDENTS TO ASSISTED AND 10 RESIDENTS IN THE HEALTH CENTER. 5074768 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 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 1 0 0 0 1 19 0 1 141 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 SC X THEODORE H READING II TREASURER 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 BARBARA DILLER BOARD MEMBER 2.00 1.00 X 0 0 0 WILSON W FARRELL BOARD MEMBER 2.00 1.00 X 0 0 0 B LEE FLOYD BOARD MEMBER 2.00 1.00 X 0 0 0 MIRIAM O HAIR BOARD MEMBER 2.00 1.00 X 0 0 0 DAVID HODGES BOARD MEMBER 2.00 1.00 X 0 0 0 LANNEAU LANNY W LAMBERT JR BOARD MEMBER 2.00 1.00 X 0 0 0 WILLIAM H NEELY JR BOARD MEMBER 2.00 1.00 X 0 0 0 ROBERT M TEMPLE BOARD MEMBER 2.00 1.00 X 0 0 0 DR DEREK THOMAS BOARD MEMBER 2.00 1.00 X 0 0 0 CLAUDE WALKER JR BOARD MEMBER 2.00 1.00 X 0 0 0 JOHN F WINDLEY BOARD MEMBER 2.00 1.00 X 0 0 0 JAMES A HERLONG CHAIRMAN 2.00 1.00 X X 0 0 0 EMILY METZGER VICE CHAIRMAN 2.00 1.00 X X 0 0 0 LANGLEY SHEALY SECRETARY 2.00 1.00 X X 0 0 0 THEODORE H READING II TREASURER 2.00 1.00 X X 0 0 0 JAMES DEEL EXECUTIVE DIRECTOR 40.00 1.00 X 85386 0 11915 85386 0 11915 0 0 0 0 LIFE CARE SERVICES 400 LOCUST STREET STE 820 DES MOINES IA 50309 MANAGEMENT 469725 1 47054 47054 RESIDENT FEES 623000 6562296 6562296 6562296 7341 7341 7400 0 7400 7400 7400 6624091 6562296 0 14741 X 2209046 2100574 108472 291000 276450 14550 162969 154821 8148 446852 402166 44686 1563 1563 25375 25375 46000 46000 28061 28061 139765 139765 181938 119769 62169 8617 8617 633451 606202 27249 16074 16074 11059 5408 5651 112516 101264 11252 729092 656625 72467 116465 104817 11648 FOOD SERVICES 392103 392103 0 EQUIPMENT RENTAL & MAIN 83531 75178 8353 CONTRACT LABOR 63977 0 63977 RESIDENT SERVICES 39429 39429 0 81894 31345 50549 5820777 5074768 746009 0 2108 2108 3349780 3639946 100000 0 43877 13671 40428 65602 21494234 13502740 7984672 7991494 2083084 2695982 2831 3970 13606780 14412773 384343 321129 3654147 3195258 6417224 6906160 10455714 10422547 X 3151066 3990226 3151066 3990226 13606780 14412773 803314 35846 0 X X 0 1 X 1 0 X 22500 27000 84983 44500 47054 226037 4926634 5489780 5926810 6009480 6562296 28915000 4949134 5516780 6011793 6053980 6609350 29141037 100000 100000 0 100000 100000 29041037 22353 37595 10090 19200 7340 96578 22353 37595 10090 19200 7340 96578 4971487 5554375 6021883 6073180 6616690 29237615 0.99330 0.99220 0.00330 0.00420 X 878132 878132 16402519 10836544 5565975 2637314 1341972 1295342 1576269 1324224 252045 7991494 CERTIFICATES OF DEPOSIT 1680094 F EXCHANGE TRADED FUNDS 129880 F MUTUAL FUNDS 886008 F 2695982 UNAMORTIZED ENTRANCE FEES 6890260 OTHER DEPOSITS 15900 6906160 X PART X, LINE 2: MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2017. ANY INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX EXPENSE WOULD BE CLASSIFIED AS AN ADDITIONAL EXPENSE IN THE STATEMENT OF ACTIVITIES. THE ORGANIZATION AND TRUST ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR ANY STATE JURISDICTIONS FOR YEARS PRIOR TO 2013. IN ADDITION, MANAGEMENT IS UNAWARE OF ANY SITUATION OR CIRCUMSTANCES THAT WOULD CAUSE THE ORGANIZATION OR THE TRUST TO LOSE ITS TAX-EXEMPT STATUS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AND MARKETING SERVICES AGREEMENT WITH LIFE CARE SERVICES, LLC, AN INDEPENDENT MANAGEMENT COMPANY, TO OPERATE AND MANAGE THE FACILITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD TREASURER AND DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT OF INTEREST, THE PERSON WITH THE CONFLICT WOULD NOT BE INVOLVED WITH ANY VOTES THAT ARE RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS EMPLOYED BY THE MANAGEMENT COMPANY (PER PART VI, SECTION A, LINE 3). THE MANAGEMENT COMPANY ASSISTS FPCRC WITH DETERMINING THE APPROPRIATE SALARY BASED ON INDUSTRY INFORMATION. THE MANAGEMENT COMPANY EXPERTISE IS IN EMPLOYING EXECUTIVE DIRECTORS TO RUN THE COMMUNITIES MANAGED BY THEM. THE SALARIES ARE BASED UPON SIZE OF COMMUNITY AND INDUSTRY AVERAGE FOR THIS POSITION. THE FPCRC BOARD WOULD THEN APPROVES THE SALARY BASED UPON THE MANAGEMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E OTHER: PROGRAM SERVICE EXPENSES 2,910. MANAGEMENT AND GENERAL EXPENSES 27,298. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,208. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,163. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,163. TRANSPORTATION: PROGRAM SERVICE EXPENSES 19,203. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,203. LICENSES AND FEES: PROGRAM SERVICE EXPENSES 6,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,640. BANK CHARGES: PROGRAM SERVICE EXPENSES 2,592. MANAGEMENT AND GENERAL EXPENSES 289. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,881. POSTAGE AND PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,799. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,799. PAGE 12, PART XI, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. LAUREL CREST ENDOWMENT TRUST 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 570986260 PROVIDES FINANCIAL ASSISTANCE TO FPCRC RESIDENTS SC 501(C)(3) LINE 12A, I FPCRC INC DBA LAUREL CREST RETIREMENT CNTR 0 FIRST PRESBYTERIAN CHURCH 1324 MARION ST COLUMBIA SC 29201 CHURCH SC LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0