2012-11-14T14:45:16-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2011-01-01 751234917 SEARS METHODIST CENTERS INC SEAR 3256915519 ONE VILLAGE DRIVE NO 400 ABILENE TX 79606 TERRY MYERS 3256915519 2012-11-14 1 TROY LANGSDALE P00847944 9723835700 2011 2016-02-24 21:20:13Z D KEITH PERRY 1114 LOST CREEK BLVD SUITE 220 AUSTIN TX 78746 25726518 0 X WWW.SEARS-METHODIST.COM X 1965 TX THE MISSION OF SEARS IS TO PROVIDE LEADERSHIP IN RESPONSE TO THE NEEDS OF OUR AGING POPULATION. WE BELIEVE WE HAVE A RESPONSIBILITY FOR STUDYING, ANALYZING, PLANNING, DEVELOPING, AND IMPLEMENTING QUALITY SERVICE TO THE AGING WHERE APPROPRIATE NEEDS ARE FOUND FOR HEALTH CARE AND RESIDENTIAL LIVING SERVICES AND CAN BE PROVIDED IN A CHRISTIAN ENVIRONMENT. 4 4 614 60 0 0 59034 70938 20390812 17297121 -53608 2795417 41754 -10817 20437992 20152659 0 0 0 0 12202501 10764785 0 0 0 6631605 6553220 18834106 17318005 1603886 2834654 44958697 41049795 9164934 9901821 35793763 31147974 X THE MISSION OF SEARS IS TO PROVIDE LEADERSHIP IN RESPONSE TO THE NEEDS OF OUR AGING POPULATION. WE BELIEVE WE HAVE A RESPONSIBILITY FOR STUDYING, ANALYZING, PLANNING, DEVELOPING, AND IMPLEMENTING QUALITY SERVICE TO THE AGING WHERE APPROPRIATE NEEDS ARE FOUND FOR HEALTH CARE AND RESIDENTIAL LIVING SERVICES AND CAN BE PROVIDED IN A CHRISTIAN ENVIRONMENT. 0 1 14101410 17297121 THE ORGANIZATION PROVIDES LONG-TERM NURSING CARE TO ELDERLY WHO ARE NO LONGER ABLE TO CARE FOR THEMSELVES OR ELDERLY WHO MAY HAVE DIFFERENT STAGES OF DEMENTIA. ASSISTANCE IS ALSO PROVIDED TO SENIOR CITIZENS WHO ARE STILL SOMEWHAT INDEPENDENT WITH THEIR DAILY LIVES - OFFERING SERVICES SUCH AS MEALS, HOUSEKEEPING, AND THE AVAILABILITY OF NURSING STAFF. OTHER SERVICES PROVIDED INCLUDE HOME HEALTH & HOSPICE SERVICES TO RESIDENTS IN OUR LONG TERM CARE COMMUNITIES AS WELL AS THE OUTSIDE COMMUNITY. ALSO PROVIDE SPECIALTY ASSISTANCE SUCH AS 24 HOUR CARE, ASSISTANCE FOR PERSONAL NEEDS, & HOME HEALTH MAINTENANCE. THERAPY SERVICES CAN ALSO BE PROVIDED TO RESIDENTS OF OUR COMMUNITIES. 14101410 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 0 0 0 0 1 46 0 614 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TERRY MYERS CFO 5123296716 1114 LOST CREEK BLVD SUITE 220 AUSTIN TX 78746 DR JEFFREY A SMITH 2.00 X X 0 0 0 RICK RHODES 2.00 X X 0 0 0 VANCE GODDARD 2.00 X X 0 0 0 STEVE EXTER 2.00 X X 0 0 0 KENT HERRING 40.00 X 0 123738 6180 D KEITH PERRY 40.00 X 0 396020 32904 M TERRY MYERS 40.00 X 0 217013 10096 GARY ANDERSON 40.00 X 0 165806 7212 0 902577 56392 0 0 1 0 SYSCO FOOD SERVICES PO BOX 5910 LUBBOCK TX 79408 FOOD SERVICE 452792 CONAWAY HOMES PO BOX 800 WHITEHOUSE TX 75791 CONSTRUCTION 292419 2 70938 70938 RESIDENT SERVICES 623000 17297121 17297121 17297121 -260 -260 8369536 5573859 2795677 2795677 2795677 OTHER REVENUE 900099 -10817 -10817 -10817 20152659 17297121 0 2784600 9380467 8000292 1380175 674356 575136 99220 709962 605503 104459 932000 932000 14419 14419 848070 848070 159636 159636 309499 309499 651734 639110 12624 294467 256933 37534 14654 6510 8144 46520 45619 901 1151394 1129092 22302 292478 286813 5665 SUPPLIES 660746 623144 37602 FOOD 609276 609276 EQUIPMENT RENTAL AND MA 220136 215946 4190 ANCILLARY EXPENSE 212126 212126 136065 47840 88225 17318005 14101410 3216595 0 1300 900 5371691 9534330 1384837 1409775 119218 34108 55580 32597 35095732 6889272 30792097 28206460 1204218 1170834 6029756 660791 44958697 41049795 1358457 713376 6015008 8056680 888 377852 1790581 753913 9164934 9901821 X 35793763 31147974 35793763 31147974 44958697 41049795 X 2834654 -7480443 X X 0 1 1 X 0 X 87123 231390 248933 59034 70938 697418 31047652 28324042 22232210 20390812 17297121 119291837 31134775 28555432 22481143 20449846 17368059 119989255 0 0 0 119989255 155894 88174 66347 27346 -260 337501 155894 88174 66347 27346 -260 337501 184581 113225 31534 41754 -10817 360277 31475250 28756831 22579024 20518946 17356982 120687033 0.99420 0.99050 0.00280 0.00430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 949358 949358 31914808 5771234 26143574 29096 29096 2202470 1118038 1084432 28206460 DUE TO OTHER CAMPUSES 60275 RESIDENT SECURITY DEPOSITS 663641 OTHER CURRENT LIABILITIES 29997 753913 20152659 17318005 2834654 -7480443 -7480443 -4645789 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SYSTEM ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INCOME TAX STANDARD. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE SYSTEM'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE SYSTEM IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE SYSTEM IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE TAX RETURNS FOR THE YEARS 2008 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: INTERCOMPANY FUND TRANSFERS -11,429. DEBT SERVICE PAYMENTS -3,000,000. CHANGE IN SMF INVESTMENT -33,385. EQUITY TRANSFER -4,435,629. TOTAL TO SCHEDULE D, PART XI, LINE 8: -7,480,443. X X X 0 1 0 0 0 0 0 0 0 D KEITH PERRY 0 366238 0 22324 0 7458 0 32904 0 0 0 428924 0 0 M TERRY MYERS 0 201923 0 15000 0 90 0 10096 0 0 0 227109 0 0 GARY ANDERSON 0 163411 0 0 0 2395 0 7212 0 0 0 173018 0 0 PART I, LINE 4B D. KEITH PERRY PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $32,904 TO THE PLAN DURING THE YEAR. M. TERRY MYERS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $10,096 TO THE PLAN DURING THE YEAR. KENT HERRING PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,180 TO THE PLAN DURING THE YEAR. GARY ANDERSON PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $7,212 TO THE PLAN DURING THE YEAR. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 IN 2011, THE SYSTEM SOLD THE ASSETS TO AN UNRELATED PARTY AND CEASED OPERATING THE WINDCREST ALZHEIMER'S CARE CENTER. THE PROCEEDS OF THE SALE OF THE PROPERTY WERE USED TO PAY DOWN DEBT WITH THE REMAINING PROCEEDS PAID TO THE SYSTEM TO PAY TRANSACTION COSTS AND PROVIDE ADDITIONAL CASH TO THE SYSTEM. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OFTEN MAKES DECISIONS FOR THE BOARD; HOWEVER, THE BOARD IS ALWAYS NOTIFIED OF ANY ACTION THE EXECUTIVE COMMITTEE TAKES. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, TREASURER, AND PRESIDENT. THE PRESIDENT IS A NON-VOTING MEMBER WITH VOICE. WITH REGARD TO SCOPE, THE EXECUTIVE COMMITTEE "SHALL POSSESS AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES EXCEPT AS SUBJECT TO THE PROVISIONS OF ARTICLE 7.07. THE EXECUTIVE COMMITTEE SHALL EXERCISE THESE POWERS ONLY WHEN IT IS IMPRACTICAL TO CONVENE A CALLED MEETING OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES MAY DELEGATE SPECIFIC AUTHORITY OR RESPONSIBILITY TO THE EXECUTIVE COMMITTEE." THE EXECUTIVE COMMITTEE MAY NOT: AMEND THE ARTICLES OF INCORPORATION; ADOPT A PLAN OF MERGER OR A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZE THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION; AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION; REVOKE PROCEEDINGS FOR THE VOLUNTARY DISSOLUTION OF THE CORPORATION; ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CORPORATION; AMEND, ALTER OR REPEAL THE BY LAWS; ELECT, APPOINT, OR REMOVE A MEMBER OF A COMMITTEE OR A TRUSTEE OR OFFICER OF THE CORPORATION; APPROVE ANY TRANSACTION TO WHICH THE CORPORATION IS A PARTY AND THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST AS DEFINED IN PARAGRAPH 10.05, BELOW; TAKE ANY ACTION OUTSIDE THE SCOPE OF AUTHORITY DELEGATED TO IT BY THE BOARD OF TRUSTEES; TAKE FINAL ACTION ON A MATTER THAT REQUIRES THE APPROVAL OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES INCLUDING SUPERVISING PERSONNEL, OPERATIONS, AND BUDGETING TO SEARS METHODIST RETIREMENT SYSTEM, THE PARENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS FOR SEARS METHODIST RETIREMENT SYSTEMS, INC. HAS A GOVERNANCE COMMITTEE WHO IS RESPONSIBLE FOR NOMINATING NEW BOARD MEMBERS. THE NOMINATED BOARD MEMBERS ARE THEN VOTED ON BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY SEARS METHODIST RETIREMENT SYSTEM BOARD OF TRUSTEES, SEARS TYLER METHODIST RETIREMENT COMMUNITY BOARD OF DIRECTORS AND ALL SENIOR STAFF. ANY NEW BOARD MEMBERS OR SENIOR STAFF ARE REQUIRED TO COMPLETE THE STATEMENT UPON HIRE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD IN AN ANNUAL REVIEW. ANY RAISE OR BONUS IS DISCUSSED AND VOTED ON BY THE BOARD. EVERY FEW YEARS AN OUTSIDE COMPENSATION SPECIALIST IS HIRED TO HELP DETERMINE COMPENSATION FOR THE CEO. EACH SENIOR VP OR EXECUTIVE VP REVIEW OR SALARY INCREASE IS DETERMINED BY THE CEO IN AN ANNUAL REVIEW PROCESS. EACH SENIOR VP HAS KEY OFFICERS UNDER THEM THAT ARE REVIEWED IN THE SAME MANNER. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH NOT REQUIRED, THE ORGANIZATION PROVIDES PHOTOCOPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO ALL WHO REQUEST ONE OR MORE THESE ITEMS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: INTERCOMPANY FUND TRANSFERS -11,429. DEBT SERVICE PAYMENTS -3,000,000. CHANGE IN SMF INVESTMENT -33,385. EQUITY TRANSFER -4,435,629. TOTAL TO FORM 990, PART XI, LINE 5: -7,480,443. AUDIT COMMITTEE / FINANCIAL STATEMENT OVERSIGHT FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEARS METHODIST RETIREMENT SYSTEM INC ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752516330 SENIOR LIVING TX 501(C)(3) LINE 11B, II N/A 0 SEARS PANHANDLE RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752503233 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS PERMIAN RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752707608 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS METHODIST FOUNDATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752692545 MANAGES CHARITABLE FUNDS FOR ALL SMRS ENTITIES TX 501(C)(3) LINE 11C, III-FI N/A 0 SEARS CAPROCK RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 020709581 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS PLAINS RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752768233 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS BRAZOS RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 010598053 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SEARS TYLER METHODIST RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 203500571 SENIOR LIVING TX 501(C)(3) LINE 9 N/A 0 SENIOR DIMENSIONS INC ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752814016 CONSULTING TX N/A C 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 SEARS METHODIST RETIREMENT SYSTEM INC L 932000 SEARS METHODIST FOUNDATION C 70938