Sears Methodist Retirement System Inc: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- Sears Methodist Retirement System Inc (EIN 75-2516330)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201233199349305118
- Schema version
- 2011v1.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T14:45:16-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 SPRING VALLEY ROAD SUITE 600W | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75244 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752516330 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEARS METHODIST RETIREMENT SYSTEM INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SEAR | NameControl |
| Phone | 3256915519 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE VILLAGE DRIVE NO 400 | AddressLine1 |
| City | ABILENE | City |
| State | TX | State |
| ZIP Code | 79606 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERRY MYERS | Name |
| Title | SENIOR VP & CFO | Title |
| Phone | 3256915519 | Phone |
| Date Signed | 2012-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TROY LANGSDALE | Name |
| PTIN | P00847944 | PTIN |
| Phone | 9723835700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | D KEITH PERRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 LOST CREEK BLVD SUITE 220 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7743294 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SEARS-METHODIST.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 91 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 89196 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 205705 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5646979 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5949007 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 689216 | InvestmentIncomePriorYear |
| Investment Income Current Year | -851880 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 106253 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1225929 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6531644 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6528761 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3863243 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4424680 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8429363 | OtherExpensePriorYear |
| Other Expenses Current Year | 8486218 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12292606 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12910898 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5760962 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6382137 | RevenuesLessExpensesCY |
| Total Assets BOY | 54448020 | TotalAssetsBOY |
| Total Assets EOY | 41007600 | TotalAssetsEOY |
| Total Liabilities BOY | 120822275 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 111307245 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -66374255 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -70299645 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8593690 | Expense |
| Revenue | 5949007 | Revenue |
| Description | GENERAL AND ADMINISTRATIVE SUPPORT FOR A TAX EXEMPT SYSTEM OF RETIREMENT AND NURSING HOME OPERATIONS, HOSPICE AND SKILLED NURSING. | Description |
| Total Program Service Expense | 8593690 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 24 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 91 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERRY MYERS CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5123296716 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 LOST CREEK BLVD SUITE 220 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DR JEFFREY A SMITH | |||||||
| CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | |
| RICK RHODES | |||||||
| VICE CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | |
| VANCE GODDARD | |||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 | |
| STEVE EXTER | |||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | |
| QUINTAN CHAMNESS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BARBARA CHERRY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| CAROL DENTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| LARRY DODSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID LYNN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAN OLSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DR HOWARD TOBIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| D KEITH PERRY | |||||||
| PRESIDENT, CEO AND EX-OFFICIO TRUSTEE | 40.00 | X | X | 396020 | 0 | 32904 | |
| M TERRY MYERS | |||||||
| SENIOR VP & CFO | 40.00 | X | 217013 | 0 | 10096 | ||
| GARY ANDERSON | |||||||
| EXECUTIVE VP & COO | 40.00 | X | 165806 | 0 | 7212 | ||
| JAN THOMPSON | |||||||
| SENIOR VP & GENERAL COUNSEL | 40.00 | X | 247596 | 0 | 12360 | ||
| MICHAEL SIMS | |||||||
| SENIOR VP - OPERATIONS | 40.00 | X | 186396 | 0 | 9000 | ||
| MARY JANE FITTS | |||||||
| VP - MARKETING | 40.00 | X | 170258 | 0 | 8500 | ||
| STEVE GIBBS | |||||||
| VP - HUMAN RESOURCES | 40.00 | X | 147598 | 0 | 6425 | ||
| RANDAL CROSSWHITE | |||||||
| VP & CONTROLLER | 40.00 | X | 137758 | 0 | 6875 | ||
| KENNETH FINCHER | |||||||
| VP & DIRECTOR OF FOUNDATION | 40.00 | X | 135434 | 0 | 6076 | ||
| ROBERT HAAK | |||||||
| VP - ENVIRONMENTAL SERVICES | 40.00 | X | 134938 | 0 | 6500 | ||
| JAYNE BUCHANAN | |||||||
| VP - VETERANS SERVICES | 40.00 | X | 128940 | 0 | 6427 | ||
| KENT HERRING | |||||||
| REGIONAL VP & EXECUTIVE DIRECTOR | 40.00 | X | 123738 | 0 | 6180 | ||
| GORDON SHOGER | |||||||
| VP - FINANCIAL OPERATIONS | 40.00 | X | 120138 | 0 | 5956 | ||
| EUGENE DUCHAMP | |||||||
| VP - PROJECT MANAGEMENT | 40.00 | X | 115896 | 0 | 5533 | ||
| MARY GOODIN | |||||||
| VP - CLINICAL SERVICES | 40.00 | X | 105258 | 0 | 5250 | ||
| WINDELL HAWKINS | |||||||
| VP - RISK MANAGEMENT | 40.00 | X | 102408 | 0 | 5096 | ||
| TERRY HUSKEY | |||||||
| VP - INFORMATION TECHNOLOGY | 40.00 | X | 98138 | 0 | 4885 | ||
| DENNIS BRIGGS | |||||||
| VP- DINING SERVICES | 40.00 | X | 96090 | 0 | 4726 | ||
| ROBIN BASCHNAGEL | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 124830 | 0 | 6010 | X | ||
| JEFFREY BUSJAHN | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 125242 | 0 | 5423 | X | ||
| CHERYL HARDING | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 122359 | 0 | 5250 | X | ||
| PAMELA MCGREW | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 112940 | 0 | 4892 | X | ||
| GREGORY HATTORI | |||||||
| SALES DIRECTOR | 40.00 | 109620 | 0 | 0 | X | ||
| WENDY GRIMES | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 100060 | 0 | 4750 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3524474 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 176326 | TotalOtherCompensation |
| Number Individuals GT100 K | 24 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line1AddressOfContractor/AddressForeign/AddressLine1 | CityAddressOfContractor/AddressForeign/City | CountryAddressOfContractor/AddressForeign/Country |
|---|---|---|---|---|---|---|---|---|
| BLUE CROSS AND BLUE SHIELD OF TEXAS | ||||||||
| 100 E LOOKOUT DRIVE | RICHARDSON | TX | 75082 | INSURANCE CLAIMS | 4366809 | |||
| CONAWAY HOMES | ||||||||
| PO BOX 800 | WHITEHOUSE | TX | 75791 | CONSTRUCTION | 3027867 | |||
| CARING COMMUNITIES INSURANCE CO | ||||||||
| INSURANCE CLAIMS | 665180 | PO BOX 1109GT | GEORGE TOWN | CJ | ||||
| CLIFTONLARSONALLEN LLP | ||||||||
| 5001 SPRING VALLEY ROAD STE 600W | DALLAS | TX | 75244 | ACCOUNTING / CONSULTING SERVICES | 337866 | |||
| PROVIDENT LIFE & ACCIDENT INSURANCE CO | ||||||||
| PO BOX 40378 | ATLANTA | GA | 30384 | INSURANCE | 307335 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Related Organizations | 28644 | RelatedOrganizations |
| Government Grants | 177061 | GovernmentGrants |
| Total Contributions | 205705 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTERCAMPUS FEES | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 5949007 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5949007 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5949007 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 362653 | TotalRevenueColumn |
| Exclusion | $362,653 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1214533 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -1214533 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1214533 | TotalRevenueColumn |
| Exclusion | -$1,214,533 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 1225929 | TotalRevenueColumn |
| Exclusion | $1,225,929 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1225929 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6528761 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5949007 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $374,049 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3725365 | Total |
| Program Services | 2980292 | ProgramServices |
| Management And General | 745073 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 462720 | Total |
| Management And General | 462720 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236595 | Total |
| Program Services | 227992 | ProgramServices |
| Management And General | 8603 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113644 | Total |
| Management And General | 113644 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111664 | Total |
| Management And General | 111664 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19865 | Total |
| Management And General | 19865 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208055 | Total |
| Management And General | 208055 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207436 | Total |
| Management And General | 207436 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255961 | Total |
| Management And General | 255961 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 374426 | Total |
| Program Services | 299541 | ProgramServices |
| Management And General | 74885 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9322 | Total |
| Management And General | 9322 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6357331 | Total |
| Program Services | 5085865 | ProgramServices |
| Management And General | 1271466 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 452526 | Total |
| Management And General | 452526 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25232 | Total |
| Management And General | 25232 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| PROFESSIONAL SERVICES | 310543 | 310543 |
| DUES AND LICENSES | 31975 | 31975 |
| RISK MANAGEMENT | 8238 | 8238 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12910898 | Total |
| Program Services | 8593690 | ProgramServices |
| Management And General | 4317208 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86647 | BOY |
| EOY | 84184 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1308004 | BOY |
| EOY | 4930178 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192307 | BOY |
| EOY | 231881 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4031494 | BOY |
| EOY | 4031494 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284544 | BOY |
| EOY | 411700 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2724033 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1591736 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1170017 | BOY |
| EOY | 1132297 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20877790 | BOY |
| EOY | 19979134 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26497217 | BOY |
| EOY | 10206732 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54448020 | BOY |
| EOY | 41007600 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 874086 | BOY |
| EOY | 910382 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 241666 | BOY |
| EOY | 191666 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86172753 | BOY |
| EOY | 75600484 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25823444 | BOY |
| EOY | 22926448 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7710326 | BOY |
| EOY | 11678265 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 120822275 | BOY |
| EOY | 111307245 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -66374255 | BOY |
| EOY | -70299645 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -66374255 | BOY |
| EOY | -70299645 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54448020 | BOY |
| EOY | 41007600 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -6382137 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2456747 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (8 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| SEARS METHODIST CENTERS INC | |||||
| 751234917 | 9 | 0 | 1 | 1 | $0 |
| SEARS PANHANDLE RETIREMENT CORPORATION | |||||
| 752503233 | 9 | 0 | 1 | 1 | $0 |
| SEARS PERMIAN RETIREMENT CORPORTATION | |||||
| 752707608 | 9 | 0 | 1 | 1 | $0 |
| SEARS PLAINS RETIREMENT CORPORATION | |||||
| 752768233 | 9 | 0 | 1 | 1 | $0 |
| SEARS BRAZOS RETIREMENT CORPORATOIN | |||||
| 010598053 | 9 | 0 | 1 | 1 | $0 |
| SEARS TYLER METHODIST RETIREMENT CORPORATION | |||||
| 203500571 | 9 | 0 | 1 | 1 | $0 |
| SEARS CAPROCK RETIREMENT CORPORATION | |||||
| 020709581 | 9 | 0 | 1 | 1 | $0 |
| SEARS METHODIST FOUNDATION | |||||
| 757692545 | 11 | 0 | 1 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 8 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PAGE 1, LINE 11: IN ORDER TO STREAMLINE OPERATIONS AND NOT DUPLICATE FUNCTIONS, MOST ADMINISTRATIVE FUNCTIONS ARE PROVIDED BY THIS ENTITY TO THE LISTED SUPPORTED ORGANIZATIONS. THEREFORE THERE IS NOT A QUANTITATIVE AMOUNT OF SUPPORT PAID TO THE ORGANIZATIONS FOR THE SERVICES PROVIDED. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 830150 | OtherCostOrOtherBasis |
| Book Value | 830150 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 148386 | OtherCostOrOtherBasis |
| Depreciation | 121365 | Depreciation |
| Book Value | 27021 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1745497 | OtherCostOrOtherBasis |
| Depreciation | 1470371 | Depreciation |
| Book Value | 275126 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1132297 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| SECURITIES | 8964259 | F |
| OTHER INVESTMENTS | 681937 | F |
| INVESTMENT IN SEARS METHODIST FOUNDATION | 10032938 | F |
| INVESTMENT IN SOUTHWEST ASSURANCE COMPANY, LTD. | 300000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 19979134 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DUE FROM OTHER CAMPUSES | 7429001 |
| INTEREST RECEIVABLE | 49492 |
| BOND ISSUANCE COST | 1895586 |
| CONSTRUCTION IN PROGRESS | 832653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 10206732 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEDICAL CLAIMS PAYABLE | $860,993 |
| DEFERRED COMPENSATION | $820,882 |
| INTEREST PAYABLE | $1,163,173 |
| DUE TO RELATED PARTY | $30,000 |
| INTEREST RATE SWAP | $160,766 |
| SWEEP ACCOUNT DEFICIT - INTERCOMPANY LIABILITIES | $8,642,451 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11678265 | TotalOfAmounts |
| Total Revenue | 6528761 | TotalRevenue |
| Total Expenses | 12910898 | TotalExpenses |
| Excess Or Deficit For Year | -6382137 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 35676 | NetUnrealizedGLOnInvestments |
| Other | $2,421,071 | OtherAmount |
| Total Adjustments | 2456747 | TotalAdjustments |
| Excess Or Deficit Per FS | -3925390 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | INTERCOMPANY FUND TRANSFERS -6,397,745. DEBT SERVICE PAYMENTS 8,700,000. CHANGE IN SMF INVESTMENT 229,613. CHANGE IN VALUE OF INTEREST RATE SWAP -110,797. TOTAL TO SCHEDULE D, PART XI, LINE 8: 2,421,071. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 1 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENT - CAPTIVE INSURANCE COMPANY | TypeOfActivitiesConducted |
| Total Expenditures | 569205 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 569205 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 569205 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D KEITH PERRY | |||||||||||||
| 366238 | 0 | 22324 | 0 | 7458 | 0 | 32904 | 0 | 0 | 0 | 428924 | 0 | 0 | 0 |
| M TERRY MYERS | |||||||||||||
| 201923 | 0 | 15000 | 0 | 90 | 0 | 10096 | 0 | 0 | 0 | 227109 | 0 | 0 | 0 |
| GARY ANDERSON | |||||||||||||
| 163411 | 0 | 0 | 0 | 2395 | 0 | 7212 | 0 | 0 | 0 | 173018 | 0 | 0 | 0 |
| JAN THOMPSON | |||||||||||||
| 247200 | 0 | 0 | 0 | 396 | 0 | 12360 | 0 | 0 | 0 | 259956 | 0 | 0 | 0 |
| MICHAEL SIMS | |||||||||||||
| 180000 | 0 | 0 | 0 | 6396 | 0 | 9000 | 0 | 0 | 0 | 195396 | 0 | 0 | 0 |
| MARY JANE FITTS | |||||||||||||
| 170000 | 0 | 0 | 0 | 258 | 0 | 8500 | 0 | 0 | 0 | 178758 | 0 | 0 | 0 |
| STEVE GIBBS | |||||||||||||
| 147360 | 0 | 0 | 0 | 238 | 0 | 6425 | 0 | 0 | 0 | 154023 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | 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. GARY ANDERSON PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $7,212 TO THE PLAN DURING THE YEAR. JAN THOMPSON PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $12,360 TO THE PLAN DURING THE YEAR. MICHAEL SIMS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $9,600 TO THE PLAN DURING THE YEAR. MARY JANE FITTS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $8,500 TO THE PLAN DURING THE YEAR. STEVE GIBBS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,425 TO THE PLAN DURING THE YEAR. RANDAL CROSSWHITE PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,875 TO THE PLAN DURING THE YEAR. KENNETH FINCHER PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,076 TO THE PLAN DURING THE YEAR. ROBERT HAAK PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,500 TO THE PLAN DURING THE YEAR. JAYNE BUCHANAN PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,427 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. GORDON SHOGER PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,956 TO THE PLAN DURING THE YEAR. EUGENE DUCHAMP PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,533 TO THE PLAN DURING THE YEAR. MARY GOODIN PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,250 TO THE PLAN DURING THE YEAR. WINDELL HAWKINS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,096 TO THE PLAN DURING THE YEAR. TERRY HUSKEY PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $4,885 TO THE PLAN DURING THE YEAR. DENNIS BRIGGS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $4,726 TO THE PLAN DURING THE YEAR. ROBIN BASCHNAGEL PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $6,010 TO THE PLAN DURING THE YEAR. JEFFREY BUSJAHN PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,423 TO THE PLAN DURING THE YEAR. CHERYL HARDING PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $5,250 TO THE PLAN DURING THE YEAR. PAMELA MCGREW PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $4,892 TO THE PLAN DURING THE YEAR. WENDY GRIMES PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $4,750 TO THE PLAN DURING THE YEAR. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABILENE HEALTH FACILITIES DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 756000440 | IssuerEIN |
| CUSIP Number | 003453BJ5 | CUSIPNumber |
| Date Issued | 2003-04-22 | DateIssued |
| Issue Price | 47034298 | IssuePrice |
| Description Of Purpose | CONSTRUCTION OF FACILITIES IN THE OBLIGATED GROUP | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 10774298 | AmountRetired |
| Total Proceeds | 47222187 | TotalProceeds |
| Amount In Reserve Fund | 2000359 | AmountInReserveFund |
| Refunding Escrow | 4447232 | RefundingEscrow |
| Issuance Costs From Proceeds | 1269944 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 7471166 | WorkingCapitalExpenditures |
| Capital Expenditures | 32033486 | CapitalExpenditures |
| Year Of Subst Completion | 2004 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE FORM 990 WAS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL BEFORE 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 CENTER 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 PERFORMANCE/COMPENSATION COMMITTEE AND IS APPROVED 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 WILL PROVIDE PHOTOCOPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THOSE WHO REQUEST ONE OR MORE OF THESE ITEMS. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 35,676. INTERCOMPANY FUND TRANSFERS -6,397,745. DEBT SERVICE PAYMENTS 8,700,000. CHANGE IN SMF INVESTMENT 229,613. CHANGE IN VALUE OF INTEREST RATE SWAP -110,797. TOTAL TO FORM 990, PART XI, LINE 5: 2,456,747. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION HAS A COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR CHOOSING THE INDEPENDENT AUDITOR AND OVERSIGHT OF THE INDEPENDENT AUDIT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEARS METHODIST SENIOR HOUSING LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 LOST CREEK BLVD STE 220 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260888483 | EIN |
| Primary Activities | SENIOR LIVING | PrimaryActivities |
| Legal Domicile State | TX | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEARS METHODIST RETIREMENT SYSTEM INC | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| SEARS METHODIST CENTERS INC | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 751234917 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS PANHANDLE RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 752503233 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS PERMIAN RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 752707608 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS METHODIST FOUNDATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 755692545 | MANAGES CHARITABLE FUNDS FOR ALL SMRS RELATED ENTITIES | TX | 501(C)(3) | LINE 11C, III-FI | N/A | 0 |
| SEARS CAPROCK RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 020709581 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS PLAINS RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 752768233 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS BRAZOS RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 010598053 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
| SEARS TYLER METHODIST RETIREMENT CORPORATION | ||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 203500571 | SENIOR LIVING | TX | 501(C)(3) | LINE 9 | N/A | 0 |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CANYONS SENIOR LIVING LP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1114 LOST CREEK BLVD STE 220 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78746 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260888545 | EIN |
| Primary Activity | SENIOR LIVING | PrimaryActivity |
| Legal Domicile State | TX | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEARS METHODIST SENIOR HOUSING LLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | -32 | ShareOfTotalIncome |
| Share Of EOY Assets | 1390 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 1 | GeneralOrManagingPartner |
| Percentage Ownership | 0.00010 | PercentageOwnership |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SENIOR DIMENSIONS INC | ||||||||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 752814016 | CONSULTING | TX | SEARS METHODIST RETIREMENT SYSTEM INC | C | -274890 | 5588086 | 1.00000 | |||||
| TEXAS SENIOR MANAGEMENT INC | ||||||||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 320333801 | MANAGEMENT | TX | SEARS METHODIST RETIREMENT SYSTEM INC | C | -54458 | 6509 | 1.00000 | |||||
| SENIOR LIVING ASSURANCE INC | ||||||||||||||||
| ONE VILLAGE DRIVE SUITE 400 | ABILENE | TX | 79606 | 320346613 | MANAGEMENT | TX | SEARS METHODIST RETIREMENT SYSTEM INC | C | -41812 | 52003 | 1.00000 | |||||
| SOUTHWEST ASSURANCE COMPANY LTD | ||||||||||||||||
| INSURANCE | SEARS METHODIST RETIREMENT SYSTEM INC | -31473 | 1198694 | 1.00000 | GOVERNORS SQUARE 2ND FLOOR BUILD | GRAND CAYMAN | CJ | KY1-1102 | CJ | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SEARS METHODIST CENTERS INC | ||
| K | 932000 | FAIR MARKET VALUE |
| SEARS PAHANDLE RETIREMENT CORPORATION | ||
| K | 690000 | FAIR MARKET VALUE |
| SEARS PERMIAN RETIREMENT CORPORATION | ||
| K | 378000 | FAIR MARKET VALUE |
| SEARS PLAINS RETIREMENT CORPORATION | ||
| K | 760000 | FAIR MARKET VALUE |
| SEARS BRAZOS RETIREMENT CORPORATION | ||
| K | 210000 | FAIR MARKET VALUE |
| SEARS CAPROCK RETIREMENT CORPORATION | ||
| K | 475000 | FAIR MARKET VALUE |
| SEARS METHODIST FOUNDATION | ||
| K | 264000 | FAIR MARKET VALUE |
| SENIOR DIMENSIONS | ||
| K | 2240000 | FAIR MARKET VALUE |