UPSTATE SENIOR LIVING INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- UPSTATE SENIOR LIVING INC (EIN 51-0553716)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-11
- IRS object ID
- 201503159349300700
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-11T05:44:18-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560747981 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1Txt |
| City | ASHEVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28806 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510553716 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UPSTATE SENIOR LIVING INC | BusinessNameLine1Txt |
| Business Name Line2 | DBA THE WOODLANDS AT FURMAN | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UPST | BusinessNameControlTxt |
| Phone | 8643713100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29617 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAM SMITH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8643713100 | PhoneNum |
| Signature | 2015-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY BIBBY | PreparerPersonNm |
| PTIN | P01306905 | PTIN |
| Phone | 8282542254 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WOODLANDS AT FURMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SAM SMITH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29617 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,727,824 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.THEWOODLANDSATFURMAN.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | TO BE THE RETIREMENT COMMUNITY OF CHOICE BY NURTURING A CULTURE OF ENRICHMENT FOR OUR RESIDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 284 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,945,518 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,568,510 | CYProgramServiceRevenueAmt |
| PY Investment Income | $18,391 | PYInvestmentIncomeAmt |
| CY Investment Income | $134,910 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $8,963,909 | PYTotalRevenueAmt |
| CY Total Revenue | $10,703,420 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,191,168 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,568,077 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,310,152 | PYOtherExpensesAmt |
| CY Other Expenses | $10,407,662 | CYOtherExpensesAmt |
| PY Total Expenses | $14,501,320 | PYTotalExpensesAmt |
| CY Total Expenses | $14,975,739 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$5,537,411 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,272,319 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $73,112,518 | TotalAssetsBOYAmt |
| Total Assets EOY | $70,647,270 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $110,358,981 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $112,269,767 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$37,246,463 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$41,622,497 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF UPSTATE SENIOR LIVING, INC. IS TO BE THE RETIREMENT COMMUNITY OF CHOICE BY NURTURING A DISTINCTIVE CULTURE OF ENRICHMENT WHILE PROVIDING SECURITY AND A CONTINUUM OF CARE FOR ITS RESIDENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,905,254 | ExpenseAmt |
| Revenue | $10,568,510 | RevenueAmt |
| Desc | THE WOODLANDS AT FURMAN WAS CREATED WITH A PHILOSOPHY OF REJUVENATION AND RE-INSPIRATION, AND OUR UNIQUE AFFILIATION WITH FURMAN UNIVERSITY GOES A LONG WAY TOWARD MAKING THAT HAPPEN. IT IS AN AFFILIATION THAT WILL KEEP RESIDENTS HEALTHY, ACTIVE, CONNECTED, AND INVOLVED.WE BELIEVE THAT THE HEALTHIEST AND HAPPIEST RETIREMENT IS ONE THAT IS ACTIVE AND STIMULATING. WE DO EVERYTHING POSSIBLE TO MAKE RETIREMENT ONE OF THE MOST REWARDING AND ENRICHING PARTS OF LIFE BY OFFERING MORE THAN JUST BEAUTIFUL HOUSING. WE OFFER A LIFESTYLE THAT ENCOURAGES PHYSICAL, MENTAL, SOCIAL GROWTH.SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS:EVERY ASPECT OF OUR COMMUNITY IS DESIGNED TO PROVIDE FINE SENIOR LIVING. OUR HOUSING OPTIONS INCLUDE AN EXTENSIVE SELECTION OF FLOOR PLANS TO OFFER MAXIMUM COMFORT, CONVENIENCE, AND STYLE. OUR UNIQUE LOCATION, ADJACENT TO FURMAN UNIVERSITY, FURTHER ENHANCES THE DISTINCTIVE LIFESTYLE AT THE WOODLANDS.FOR THOSE WHO CAN NO LONGER LIVE INDEPENDENTLY, THE ARBORETUM PROVIDES CARE IN A COMFORTABLE, NURTURING ENVIRONMENT BASED ON COMPASSION, UNDERSTANDING, AND PROFESSIONALISM. HERE, QUALITY OF LIFE AND QUALITY OF CARE TAKE PRECEDENCE. WHETHER IT'S ASSISTED LIVING, MEMORY SUPPORT, OR SKILLED NURSING, HERE YOU WILL FIND QUALITY CARE IN A SECURE YET INVITING ENVIRONMENT. THE ARBORETUM PROVIDES SPACIOUS RESIDENCES, VALUABLE AMENITIES, HEALTH SERVICES, AND CUSTOMIZED CARE THAT TRANSITIONS TO ADDRESS THE EVOLVING NEEDS AND PREFERENCES OF ITS RESIDENTS. | Desc |
| Total Program Service Expenses | $12,905,254 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 37 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 284 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN PARKER EXECUTIVE DIRECTOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8643713100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 TRAILHEAD COURT | AddressLine1Txt |
| City | GREENVILLE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29617 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| BEN NORWOOD | ||||||
| PRESIDENT | 6.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SAM SMITH | ||||||
| VICE PRESIDENT | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WALTER GOLDSMITH | ||||||
| SECRETARY/TREASURER | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LARRY D ESTRIDGE | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| W BEN DEIBLER | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELAINE GUYTON | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN R SANDERS | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH FLETCHER | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BRUCE BROWN | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CLARE MORRIS | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DOUGLAS WATSON | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN PARKER | ||||||
| EXECUTIVE DIRECTOR | 50.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GREYSTONE MANAGEMENT | |||||
| 225 E JOHN CARPENTER FWY | IRVING | TX | 75062 | MANAGEMENT SERVICES | $513,975 |
| HERITAGE HEALTHCARE | |||||
| 536 OLD HOWELL RD | GREENVILLE | SC | 29615 | THERAPY SERVICES | $406,219 |
| GLYNNDEVINS ADVERTISING | |||||
| 11230 COLLEGE BLVD | OVERLAND PARK | KS | 66210 | MARKETING SERVICES | $307,230 |
| GREYSTONE DEVELOPMENT COMPANY II LP | |||||
| 225 E JOHN CARPENTER FWY | IRVING | TX | 75062 | DEVELOPMENT SERVICES | $220,241 |
| ACUMEN IT LLC | |||||
| 3620 PELHAM ROAD PMB 9 | GREENVILLE | SC | 29615 | IT SERVICES | $134,744 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RESIDENT SERVICE REVENUE | 623000 | $7,666,743 | $7,666,743 |
| SKILLED NURSING AND THERAPY | 623000 | $1,656,557 | $1,656,557 |
| AMORTIZATION OF ADVANCE FEES | 623000 | $1,032,611 | $1,032,611 |
| OTHER SERVICE REVENUE | 623000 | $150,876 | $150,876 |
| FOODSERVICE REVENUE | 623000 | $61,723 | $61,723 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,568,510 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,005 | TotalRevenueColumnAmt |
| Exclusion | $157,005 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,309 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,404 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$24,404 | SecuritiesAmt |
| Other | $2,309 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$22,095 | TotalRevenueColumnAmt |
| Exclusion | -$22,095 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,703,420 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,568,510 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $134,910 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,912,257 | TotalAmt |
| Program Services | $3,153,620 | ProgramServicesAmt |
| Management And General | $758,637 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $338,470 | TotalAmt |
| Program Services | $272,836 | ProgramServicesAmt |
| Management And General | $65,634 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $317,350 | TotalAmt |
| Program Services | $255,812 | ProgramServicesAmt |
| Management And General | $61,538 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $500,378 | TotalAmt |
| Management And General | $500,378 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,707 | TotalAmt |
| Management And General | $48,707 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,700 | TotalAmt |
| Management And General | $63,700 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,241 | TotalAmt |
| Management And General | $49,241 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,858 | TotalAmt |
| Program Services | $565,640 | ProgramServicesAmt |
| Management And General | $6,218 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,684 | TotalAmt |
| Program Services | $318,684 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $582,784 | TotalAmt |
| Program Services | $329,388 | ProgramServicesAmt |
| Management And General | $253,396 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,477 | TotalAmt |
| Program Services | $21,233 | ProgramServicesAmt |
| Management And General | $59,244 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,748,473 | TotalAmt |
| Program Services | $1,748,473 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,372 | TotalAmt |
| Program Services | $6,714 | ProgramServicesAmt |
| Management And General | $42,658 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,862 | TotalAmt |
| Program Services | $16,463 | ProgramServicesAmt |
| Management And General | $5,399 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,734,225 | TotalAmt |
| Program Services | $2,734,225 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,555,211 | TotalAmt |
| Program Services | $2,555,211 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,345 | TotalAmt |
| Program Services | $98,610 | ProgramServicesAmt |
| Management And General | $155,735 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| FOOD EXPENSE | $568,669 | $568,669 |
| MEDICAL SUPPLIES | $217,925 | $217,925 |
| BAD DEBT | $41,751 | $41,751 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,975,739 | TotalAmt |
| Program Services | $12,905,254 | ProgramServicesAmt |
| Management And General | $2,070,485 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,330,049 | BOYAmt |
| EOY | $419,651 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,679,106 | BOYAmt |
| EOY | $11,154,095 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,976,996 | BOYAmt |
| EOY | $2,014,783 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,840 | BOYAmt |
| EOY | $7,450 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,280,002 | BOYAmt |
| EOY | $4,762,939 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $63,690,781 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $11,462,694 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,818,074 | BOYAmt |
| EOY | $52,228,087 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,451 | BOYAmt |
| EOY | $60,265 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,112,518 | BOYAmt |
| EOY | $70,647,270 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $581,354 | BOYAmt |
| EOY | $567,215 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,110,301 | BOYAmt |
| EOY | $33,940,509 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,975,077 | BOYAmt |
| EOY | $68,442,114 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,692,249 | BOYAmt |
| EOY | $9,319,929 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,358,981 | BOYAmt |
| EOY | $112,269,767 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$37,246,463 | BOYAmt |
| EOY | -$41,622,497 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$37,246,463 | BOYAmt |
| EOY | -$41,622,497 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,112,518 | BOYAmt |
| EOY | $70,647,270 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$4,272,319 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$103,715 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,276,099 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,911,419 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,777,691 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,945,518 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,568,510 | CurrentTaxYearAmt |
| Total | $41,479,237 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,276,099 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,911,419 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,777,691 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,945,518 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,568,510 | CurrentTaxYearAmt |
| Total | $41,479,237 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $41,479,237 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $304,006 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $211,227 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,265 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,391 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $157,005 | CurrentTaxYearAmt |
| Total | $719,894 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $304,006 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $211,227 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,265 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,391 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $157,005 | CurrentTaxYearAmt |
| Total | $719,894 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,580,105 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,122,646 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,806,956 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,963,909 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,725,515 | CurrentTaxYearAmt |
| Total | $42,199,131 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98290 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99690 | PublicSupportPY509Pct |
| Investment Income CY | 0.01710 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00310 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,785,115 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,101,496 | DepreciationAmt |
| Book Value | $47,683,619 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,292,616 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,538,933 | DepreciationAmt |
| Book Value | $3,753,683 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,597,782 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,822,265 | DepreciationAmt |
| Book Value | $775,517 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,268 | OtherCostOrOtherBasisAmt |
| Book Value | $15,268 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $52,228,087 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ENTRANCE FEE DEPOSITS | $214,626 |
| GROUND LEASE PAYABLE | $7,539,503 |
| ACCRUED INTEREST PAYABLE | $1,565,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,319,929 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,599,705 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$103,715 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$103,715 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,703,420 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,703,420 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,975,739 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,975,739 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,975,739 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SIMILAR STATE STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2014. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT AUTHORITY | ||||||||
| A | 570960018 | 837036DA7 | 2007-10-17 | $76,911,708 | CONSTRUCTION AND DEVELOPMENT | 0 | 0 | 0 |
| SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT AUTHORITY | ||||||||
| B | 570960018 | 837036DS8 | 2012-03-06 | $42,575,183 | CURRENT REFUNDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $275,000 | $51,012,345 | $505,789 | $2,867,592 | $889,937 | $1,478,983 | $37,922,327 | 2009 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $737,754 | $42,765,440 | $3,512,143 | 2009 | Yes (1) | 0 | Yes (1) | Yes (1) | $42,575,183 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Business Name Line2GICProviderName/BusinessNameLine2Txt | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOVEREIGN BANK | ||||||||||||||||
| A | Yes (1) | Yes (1) | Yes (1) | 3.300000000000 | 0 | 0 | Yes (1) | BAYERISCHE | LANDESBANK/SAN | 3.000000000000 | Yes (1) | Yes (1) | 0 | |||
| (no name) | ||||||||||||||||
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | |||||||
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: | BOND B: PROCEEDS OF THIS ISSUE WERE USED TO CURRENTLY REFUND A PRIOR ISSUE DATED OCTOBER 17, 2007, ON A DATE NO LATER THAN MARCH 2, 2012. |
| SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS | THE AMOUNT ON LINE 3 INCLUDES AGGREGATE INVESTMENT EARNINGS TO DATE. |
| SCHEDULE K, PART II, LINE 11: OTHER SPENT PROCEEDS | THE AMOUNT ON LINE 11 AS OTHER SPENT PROCEEDS WAS USED TO CURRENTLY REFUND PRIOR ISSUES DESCRIBED ABOVE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS LARRY ESTRIDGE AND ELAINE GUYTON HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 3 | DAY TO DAY MANAGEMENT FUNCTIONS ARE PROVIDED THROUGH GREYSTONE COMMUNITIES INCLUDING FINANCIAL OVERSIGHT, MARKETING, AND OPERATIONS. THE EXECUTIVE DIRECTOR IS PROVIDED BY GREYSTONE THROUGH THIS ARRANGEMENT. DURING CALENDAR YEAR THE EXECUTIVE DIRECTOR RECEIVED $146,468 IN COMPENSATION AND $46,965 IN BENEFITS FOR SERVICES PROVIDED TO THE ORGANIZATION. THE ORGANIZATION UTILIZES A PAYROLL PROCESSING COMPANY TO EMPLOY ITS EMPLOYEES AND PROCESS PAYROLL REPORTS. THE ORGANIZATION IS UTILIZING PART V OF THE CORE FORM TO REPORT THE NUMBER OF EMPLOYEES ATTRIBUTABLE TO THE ORGANIZATION EVENTHOUGH THE PAYROLL IS HANDLED THROUGH AN OUTSIDE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS A LEASE ARRANGEMENT WITH FURMAN UNIVERSITY IN WHICH THE PROPERTY ON WHICH THE COMMUNITY IS LOCATED IS OWNED BY THE UNIVERSITY AND LEASED TO THE ORGANIZATION. BECAUSE OF THIS RELATIONSHIP THE UNIVERSITY APPOINTS TWO BOARD MEMBERS TO THE ORGANIZATION'S BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WAS INITIALLY REVIEWED BY THE FINANCE COMMITTEE. AFTER APPROVAL, THE 990 WAS PROVIDED TO THE FULL BOARD FOR REVIEW, COMMENT, AND APPROVAL PRIOR TO SUBMITTING THE RETURN WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. INDIVIDUALS REALIZE THEIR FIDUCIARY DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST SO THAT THE BOARD CAN DETERMINE THE APPROPRIATE COURSE OF ACTION SHOULD A CONFLICT ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION UTILIZES COMPARABILITY DATA WHEN DETERMINING CHANGES IN COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THESE SALARIES ARE APPROVED BY THE BOARD WITH ASSISTANCE FROM GREYSTONE AS PART OF THE APPROVAL OF THE ANNUAL BUDGET FOR THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. |
| 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. |
| PART XII LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |