2017-03-01T10:01:45-06:00 2016-04-30 570381582 ELLIOTT DAVIS DECOSIMO LLC PLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2015-05-01 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 2017-01-19 1 DENISE P HILL CPA P00046615 8032560002 2015 2021-01-29 14:40:06Z THEODORE H READING II 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 6180380 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 15 147 15 0 0 84983 144500 5926810 6009480 10090 19200 7200 7200 6029083 6180380 0 0 0 0 2412970 2558487 0 0 0 3127827 3210150 5540797 5768637 488286 411743 13283944 13606780 10542797 10455714 2741147 3151066 TO OPERATE A CONTINUING CARE RETIREMENT FACILITY CONSISTING OF INDEPENDENT LIVING UNITS, ASSISTED LIVING CENTER AND A HEALTH CENTER. 0 0 5001699 6009480 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. 5001699 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 147 1 0 0 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 PATRICK DORN CHAIRMAN 2.00 X X 0 0 0 EMILY METZGER VICE CHAIRMAN 2.00 X X 0 0 0 LANGLEY SHEALY SECRETARY 2.00 X X 0 0 0 THEODORE H READING II TREASURER 2.00 X X 0 0 0 BARBARA DILLER BOARD MEMBER 2.00 X 0 0 0 WILSON W FARRELL BOARD MEMBER 2.00 X 0 0 0 B LEE FLOYD BOARD MEMBER 2.00 X 0 0 0 DR RANDY FOLKS BOARD MEMBER 2.00 X 0 0 0 JAMES A HERLONG BOARD MEMBER 2.00 X 0 0 0 DAVID HODGES BOARD MEMBER 2.00 X 0 0 0 LANNEAU LAMBERT BOARD MEMBER 2.00 X 0 0 0 WILLIAM H NEELY JR BOARD MEMBER 2.00 X 0 0 0 ROBERT M TEMPLE BOARD MEMBER 2.00 X 0 0 0 DR DEREK THOMAS BOARD MEMBER 2.00 X 0 0 0 JOHN F WINDLEY BOARD MEMBER 2.00 X 0 0 0 DAN SMITH TO 33116 EXECUTIVE DIRECTOR 40.00 X 133836 0 35022 MATHEW PHIPPS 4116 - 5216 EXECUTIVE DIRECTOR 40.00 X 0 0 0 JAMES DEEL 5216-PRESENT EXECUTIVE DIRECTOR 40.00 X 0 0 0 133836 0 35022 1 0 1 0 LIFE CARE SERVICES 400 LOCUST STREET STE 820 DES MOINES IA 50309 MANAGEMENT 469725 1 144500 144500 RESIDENT FEES 623000 6009480 6009480 6009480 19200 19200 7200 0 7200 7200 7200 6180380 6009480 0 26400 X 2150948 2045825 105123 248119 235713 12406 159420 151447 7973 151898 151898 174014 109149 64865 601780 574666 27114 9504 3837 5667 120459 108413 12046 739388 665449 73939 169334 152398 16936 MANAGEMENT COMPANY EXPE 435472 391925 43547 FOOD SERVICES 401847 401847 EQUIPMENT RENTAL & MAIN 94490 85041 9449 INVESTMENT EXPENSES 62104 62104 249860 75989 173871 5768637 5001699 766938 0 2112 2108 2440787 3349780 0 100000 32437 43877 98417 40428 20757829 12773157 8312938 7984672 2393786 2083084 3467 2831 13283944 13606780 304636 384343 4084607 3654147 6153554 6417224 10542797 10455714 X 2739647 3151066 1500 0 2741147 3151066 13283944 13606780 411743 -1824 0 X X 0 1 X 1 0 X 26078 22500 27000 84983 44500 205061 5211344 4926634 5489780 5926810 6009480 27564048 5237422 4949134 5516780 6011793 6053980 27769109 100000 100000 0 100000 100000 27669109 28166 22353 37595 10090 19200 117404 28166 22353 37595 10090 19200 117404 5265588 4971487 5554375 6021883 6073180 27886513 0.99220 0.99520 0.00420 0.00480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 738462 738462 16121995 10334080 5787915 2340813 1195135 1145678 1556559 1243942 312617 7984672 CERTIFICATES OF DEPOSIT 2083084 F 2083084 UNAMORTIZED ENTRANCE FEES 6406324 OTHER DEPOSITS 10900 6417224 X 6180380 0 6180380 0 6180380 5770461 1824 1824 5768637 0 5768637 PART X, LINE 2: MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2016. 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 2012. IN ADDITION, MANAGEMENT IS UNAWARE OF ANY SITUATION OR CIRCUMSTANCES THAT WOULD CAUSE THE ORGANIZATION OR THE TRUST TO LOSE ITS TAX-EXEMPT STATUS. 0 0 0 0 0 0 0 0 0 DAN SMITH TO 33116 EXECUTIVE DIRECTOR 117728 0 16108 0 0 0 8331 0 26691 0 168858 0 0 0 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 11 FORM 990 IS REVIEWED BY THE BOARD TREASURER AND DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. 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 SETS PERFORMANCE STANDARDS AND COMPENSATION LEVELS. 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 18,595. MANAGEMENT AND GENERAL EXPENSES 40,808. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,403. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 55,866. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,866. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 55,185. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,185. RESIDENT SERVICES: PROGRAM SERVICE EXPENSES 36,629. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,629. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,646. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,646. TRANSPORTATION: PROGRAM SERVICE EXPENSES 17,627. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,627. BANK CHARGES: PROGRAM SERVICE EXPENSES 3,138. MANAGEMENT AND GENERAL EXPENSES 349. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,487. POSTAGE & PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,017. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,017. 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 11A, I NO 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0