2015-01-20T08:59:13-06:00 2014-04-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2013-05-01 570847894 FPCRC INC DBA LAUREL CREST RETIREMENT CNTR FPCR 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 THEODORE H READING II TREASURER 8037960370 2015-01-12 1 DENISE P HILL CPA P00046615 8032560002 2013 2016-04-25 22:37:26Z THEODORE H READING II 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 5669413 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 15 127 15 0 0 22500 27000 4926634 5596244 6641 39568 22881 6601 4978656 5669413 0 0 0 0 2309378 2311645 0 0 0 3029134 3266628 5338512 5578273 -359856 91140 13142902 13232127 10948878 10982692 2194024 2249435 TO OPERATE A CONTINUING CARE RETIREMENT FACILITY CONSISTING OF INDEPENDENT LIVING UNITS, ASSISTED LIVING CENTER AND A HEALTH CENTER. 0 0 4911163 5596244 PROVIDED CONTINUING CARE FOR 84 INDEPENDENT LIVING RESIDENTS OF A RETIREMENT FACILITY, LAUREL CREST, AND ALSO PROVIDED MORE ADVANCED MEDICAL SERVICES TO AN ADDITIONAL 25 RESIDENTS TO ASSISTED AND 10 RESIDENTS IN THE HEALTH CENTER. 4911163 1 1 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 1 0 0 0 1 18 0 1 127 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 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 X 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 B LEE FLOYD BOARD MEMBER 2.00 X 0 0 0 PEGGY MCMASTER BOARD MEMBER 2.00 X 0 0 0 E CHANDLER MCNAIR BOARD MEMBER 2.00 X 0 0 0 ROBERT M TEMPLE BOARD MEMBER 2.00 X 0 0 0 DR RANDY FOLKS BOARD MEMBER 2.00 X 0 0 0 BARBARA DILLER BOARD MEMBER 2.00 X 0 0 0 LANNEAU LAMBERT BOARD MEMBER 2.00 X 0 0 0 WILSON W FARRELL BOARD MEMBER 2.00 X 0 0 0 JOHN F WINDLEY BOARD MEMBER 2.00 X 0 0 0 JAMES A HERLONG SR BOARD MEMBER 2.00 X 0 0 0 DR DEREK THOMAS BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 LIFE CARE SERVICES 400 LOCUST STREET STE 820 DES MOINES IA 50309 MANAGEMENT 399111 1 27000 27000 RESIDENT FEES 623000 5596244 5596244 5596244 39568 39568 6601 0 6601 6601 6601 5669413 5596244 0 46169 1944661 1852909 91752 225460 214187 11273 141524 134446 7078 67955 67955 188121 121834 66287 595389 568072 27317 10985 2681 8304 185983 167385 18598 746359 671723 74636 113058 101750 11308 MANAGEMENT COMPANY EXPE 390308 351277 39031 FOOD SERVICES 354730 354730 BOND RETIREMENT LOSS 224016 201614 22402 EQUIPMENT RENTAL & MAIN 104993 94493 10500 284731 74062 210669 5578273 4911163 667110 0 2235 2203 1111591 1968294 116764 341468 275485 109295 18981905 11293571 8021543 7688334 2494019 3120000 1121265 2533 13142902 13232127 359081 367139 0 1363 5100000 0 0 4502075 5489797 6112115 10948878 10982692 X 2192320 2248935 1704 500 2194024 2249435 13142902 13232127 91140 -35729 0 X X 0 1 X 1 0 X 37025 55514 26078 22500 27000 168117 5060868 5072863 5211344 4926634 5489780 25761489 5097893 5128377 5237422 4949134 5516780 25929606 0 0 0 25929606 53273 31781 28166 22353 37595 173168 53273 31781 28166 22353 37595 173168 5151166 5160158 5265588 4971487 5554375 26102774 0.99340 0.99030 0.00660 0.00970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 738462 738462 14886299 9346569 5539730 1869964 909732 960232 1487180 1037270 449910 7688334 CERTIFICATES OF DEPOSIT 3120000 F 3120000 UNAMORTIZED ENTRANCE FEES 6099915 OTHER DEPOSITS 12200 6112115 X 5633684 -35729 -35729 5669413 0 5669413 5578273 0 5578273 0 5578273 PART X, LINE 2: MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2014. ANY INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX EXPENSE WOULD BE CLASSIFIED AS AN ADDITIONAL EXPENSE IN THE STATEMENT OF ACTIVITIES. 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. 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) YES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0