2011-11-14T13:18:29-06:00 2010-12-31 LARSONALLEN LLP 2301 N GREENVILLE AVENUE SUITE 150 RICHARDSON TX 75082 990 2010-01-01 751234917 SEARS METHODIST CENTERS INC SEAR 3256915519 ONE VILLAGE DRIVE NO 400 ABILENE TX 79606 D KEITH PERRY 3256915519 2011-11-09 1 9726443167 2010 2016-02-24 21:20:13Z D KEITH PERRY 1114 LOST CREEK BLVD SUITE 220 AUSTIN TX 78746 20536765 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. 11 11 558 70 0 0 248933 59034 22232210 20390812 65971 -53608 31534 41754 22578648 20437992 0 0 0 0 13223610 12202501 0 0 0 7020612 6631605 20244222 18834106 2334426 1603886 46166299 44958697 8832384 9164934 37333915 35793763 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 0 15291788 20390812 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. 15291788 1 1 0 0 0 0 0 0 0 1 0 0 1 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 53 0 558 1 0 0 0 0 0 0 0 0 0 0 X 11 11 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 400 AUSTIN TX 78746 JEFFERY A SMITH 2.00 X 0 0 0 RICK RHODES 2.00 X 0 0 0 VANCE GODDARD 2.00 X 0 0 0 STEVE EXTER 2.00 X 0 0 0 D KEITH PERRY 40.00 X X 0 347083 48173 MIKE SIMS 40.00 X X 0 171774 8324 JAN THOMPSON 40.00 X X 0 247698 12360 TIM JOHNSON 40.00 X X 0 189488 9135 MARK HORNER 40.00 X X 0 161892 8712 TERRY MYERS 40.00 X X 0 189392 9462 MARY JANE FITTS 40.00 X X 0 184379 8500 0 1491706 104666 0 0 1 0 SYSCO FOOD SERVICES PO BOX 5910 LUBBOCK TX 79408 FOOD SERVICE 321244 TEXAS NURSE CONNECTION 3385 N 3RD ST ABILENE TX 79603 TEMPORARY SERVICES 289509 BEN E KEITH PO BOX 901001 FORT WORTH TX 76101 FOOD SERVICE 285764 MEDLINE INDUSTRIES PO BOX 121080 DALLAS TX 75312 MEDICAL SUPPLIES 207835 RAPID TEMP INC PO BOX 1200 ARTESIA NM 88211 TEMPORARY SERVICES 198496 5 55505 3529 59034 RESIDENT SERVICES 623000 20390812 20390812 20390812 27346 27346 17819 98773 -80954 -80954 -80954 OTHER REVENUE 900099 41754 41754 41754 20437992 20390812 0 -11854 10675369 8957695 1717674 754872 633413 121459 772260 648003 124257 955374 955374 3448 3448 843084 843084 179650 179650 204047 204047 705168 691509 13659 298481 247059 51422 15014 9760 5254 21074 20666 408 1167533 1144918 22615 338871 332307 6564 FOOD 611836 611836 SUPPLIES 571340 535770 35570 ANCILLARY EXPENSE 359171 359171 EQUIPMENT RENTAL AND MA 216300 212110 4190 DUES AND SUBSCRIPTIONS 53017 44487 8530 88197 88197 18834106 15291788 3542318 0 1001 1300 6839047 5371691 2428302 1384837 63567 119218 47987 55580 41083993 10291896 31706585 30792097 1172028 1204218 3907782 6029756 46166299 44958697 1571471 1358457 6364698 6015008 4375 888 891840 1790581 8832384 9164934 X 37333915 35793763 37333915 35793763 46166299 44958697 X 1603886 -3144038 X X 0 1 1 X 0 X 186233 87123 231390 248933 59034 812713 28584059 31047652 28324042 22232210 20390812 130578775 28770292 31134775 28555432 22481143 20449846 131391488 0 0 0 131391488 229173 155894 88174 66347 27346 566934 229173 155894 88174 66347 27346 566934 316522 184581 113225 31534 41754 687616 29315987 31475250 28756831 22579024 20518946 132646038 0.99050 0.98870 0.00430 0.00550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1351758 1351758 35597531 7276128 28321403 29096 29096 4105608 3015768 1089840 30792097 DUE FROM OTHER CAMPUSES 5544700 DONATED PROPERTY 5500 CONSTRUCTION IN PROGRESS 479556 6029756 DUE TO OTHER CAMPUSES 1376349 RESIDENT SECURITY DEPOSITS 352600 OTHER CURRENT LIABILITIES 61632 1790581 20437992 18834106 1603886 -3144038 -3144038 -1540152 17312906 -3125086 -3125086 20437992 0 20437992 18834106 0 18834106 0 18834106 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 -18,952. DEBT SERVICE PAYMENTS -3,157,276. CHANGE IN SMF INVESTMENT 32,190. INCOME FROM SMC PART XII, LINE 2D - OTHER ADJUSTMENTS: DEBT SERVICE PAYMENTS -3,157,276. CHANGE IN SMF INVESTMENT 32,190. X X X 0 1 0 0 0 0 0 0 0 D KEITH PERRY 0 317200 0 22425 0 7458 0 48173 0 0 0 395256 0 0 MIKE SIMS 0 166477 0 101 0 5196 0 8324 0 0 0 180098 0 0 JAN THOMPSON 0 247200 0 101 0 397 0 12360 0 0 0 260058 0 0 TIM JOHNSON 0 56731 0 0 0 132757 0 9135 0 0 0 198623 0 0 MARK HORNER 0 142734 0 16784 0 2374 0 8712 0 0 0 170604 0 0 TERRY MYERS 0 189231 0 101 0 60 0 9462 0 0 0 198854 0 0 MARY JANE FITTS 0 184020 0 101 0 258 0 8500 0 0 0 192879 0 0 PART I, LINE 4B D. KEITH PERRY PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $48,173 TO THE PLAN DURING THE YEAR. TIM JOHNSON PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $9,135 TO THE PLAN DURING THE YEAR. TERRY MYERS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $9,462 TO THE PLAN DURING THE YEAR. MARK HORNER PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $8,712 TO THE PLAN DURING THE YEAR. MIKE SIMS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $8,324 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. MARY JANE FITTS PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN. SEARS METHODIST RETIREMENT SYSTEM CONTRIBUTED $8,500 TO THE PLAN DURING THE YEAR. 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 -18,952. DEBT SERVICE PAYMENTS -3,157,276. CHANGE IN SMF INVESTMENT 32,190. INCOME FROM SMC TOTAL TO FORM 990, PART XI, LINE 5: -3,144,038. 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 501C3 509A3 N/A 0 SEARS PANHANDLE RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752503233 SENIOR LIVING TX 501C3 509A2 N/A 0 SEARS PERMIAN RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752707608 SENIOR LIVING TX 501C3 509A2 N/A 0 SEARS METHODIST FOUNDATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752692545 MANAGES CHARITABLE FUNDS FOR ALL SMRS ENTITIES TX 501C3 509A3 N/A 0 SEARS CAPROCK RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 020709581 SENIOR LIVING TX 501C3 509A2 N/A 0 SEARS PLAINS RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 752768233 SENIOR LIVING TX 501C3 509A2 N/A 0 SEARS BRAZOS RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 010598053 SENIOR LIVING TX 501C3 509A2 N/A 0 SEARS TYLER METHODIST RETIREMENT CORPORATION ONE VILLAGE DR SUITE 400 ABILENE TX 79606 203500571 SENIOR LIVING TX 501C3 509A2 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 955374 SEARS METHODIST FOUNDATION C 55428