2012-09-07T15:35:42-05:00 2012-04-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 1650 COLUMBIA SC 29201 990 2011-05-01 570847894 FPCRC INC DBA LAUREL CREST RETIREMENT CNTR FPCR 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 DUNCAN F BRECKENRIDGE JR 8037960370 2012-09-06 1 P00046615 8032560002 2011 2016-02-24 21:20:13Z DUNCAN F BRECKENRIDGE J 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 5275601 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 15 130 15 0 0 55514 26078 5072863 5211344 25961 28166 0 10013 5154338 5275601 0 0 0 0 2348126 2379808 0 0 0 2914338 3038083 5262464 5417891 -108126 -142290 14092499 13654963 11396329 11101083 2696170 2553880 TO OPERATE A CONTINUING CARE RETIREMENT FACILITY CONSISTING OF INDEPENDENT LIVING UNITS, ASSISTED LIVING CENTER AND A HEALTH CARE CENTER. 0 0 4597396 5206145 PROVIDED CONTINUING CARE FOR 87 RESIDENTS OF A RETIREMENT FACILITY, LAUREL CREST, AND ALSO PROVIDED MORE ADVANCED MEDICAL SERVICES TO AN ADDITIONAL 14 RESIDENTS. 4597396 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 130 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 1 0 SC X DUNCAN F BRECKENRIDGE JR 8037960370 100 JOSEPH WALKER DRIVE WEST COLUMBIA SC 29169 X PATRICK DORN 2.00 X X 0 0 0 EMILY METZGER 2.00 X X 0 0 0 JOSEPH JONES 2.00 X X 0 0 0 DUNCAN F BRECKENRIDGE JR 2.00 X X 0 0 0 DR WALTER G EDWARDS JR 2.00 X 0 0 0 LANGLEY BURCH 2.00 X 0 0 0 B LEE FLOYD 2.00 X 0 0 0 SINCLAIR FERGUSON 2.00 X 0 0 0 DAVIS HOWSER 2.00 X 0 0 0 PEGGY MCMASTER 2.00 X 0 0 0 E CHANDLER MCNAIR 2.00 X 0 0 0 THEODORE H READING II 2.00 X 0 0 0 ROBERT M TEMPLE 2.00 X 0 0 0 DR RANDY FOLKS 2.00 X 0 0 0 BARBARA DILLER 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 214982 BANYAN MANAGEMENT PO BOX 26867 GREENVILLE SC 29616 MANAGEMENT 153038 2 26078 26078 RESIDENT FEES 623000 5211344 5211344 5211344 28166 28166 10013 0 10013 10013 10013 5275601 5211344 0 38179 1976743 1700403 276340 251755 216558 35197 151310 130158 21152 115843 115843 150090 128773 21317 559406 534376 25030 5502 3491 2011 280743 252669 28074 768650 691785 76865 105713 92737 12976 MANAGEMENT COMPANY EXPE 368020 331219 36801 FOOD SERVICES 317881 317881 EQUIPMENT RENTAL & MAIN 128324 115492 12832 OTHER 50864 28283 22581 187047 53571 133476 5417891 4597396 820495 0 4021 2322 232843 863560 13976 26143 313903 289055 18521958 10004374 8940567 8517584 2437320 2065263 2149869 1891036 14092499 13654963 371843 395126 5765000 5440000 5259486 5265957 11396329 11101083 X 2670072 2526561 26098 27319 2696170 2553880 14092499 13654963 -142290 0 X X 0 1 1 X 0 X 568 322459 37025 55514 26078 441644 4688390 5013965 5060868 5072863 5211344 25047430 4688958 5336424 5097893 5128377 5237422 25489074 0 0 0 25489074 185106 115395 53273 31781 28166 413721 185106 115395 53273 31781 28166 413721 4874064 5451819 5151166 5160158 5265588 25902795 0.98400 0.97710 0.01600 0.02290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 738462 738462 14868078 8428884 6439194 1554337 725923 828414 1361081 849567 511514 8517584 CERTIFICATES OF DEPOSIT 1855000 F OTHER INVESTMENTS 210263 F 2065263 INTEREST RECEIVABLE 32954 RESTRICTED CASH 1858082 1891036 UNAMORTIZED ENTRANCE FEES 5245287 OTHER DEPOSITS 20670 5265957 5275601 5417891 -142290 -142290 5275601 0 5275601 0 5275601 5417891 0 5417891 0 5417891 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2012. ANY INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX EXPENSE WOULD BE CLASSIFIED AS AN ADDITIONAL EXPENSE IN THE STATEMENT OF ACTIVITIES. SC JOBS-ECONOMIC DEV AUTH HEALTH CARE FACILITIES FIRST MORTGAGE REV BONDS 2005-05-01 7115000 TO CONSTRUCT THE LAUREL CREST RETIREMENT CENTER 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 THE MANAGEMENT COMPANY REVIEWS A COPY OF FORM 990 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE ANNUAL SALARIES OF EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR. PERFORMANCE STANDARDS ARE SET, BASED ON COMPARABLE DATA, INCLUDING COMPENSATION LEVELS, OF SIMILAR ORGANIZATIONS IN OTHER STATES. 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