Civic Intelligence

Pinecrest Foundation Inc

990 • Fiscal year 2016 • EIN 36-3782988

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

414 South WesleyMount Morris, IL 61054

(815) 734-4103

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.32x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

1st percentile

-1077%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$104,274

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 1250.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$691,794

Down $100,490 (-13%) from 2015

Net Assets

Down

$689,109

Down $101,821 (-13%) from 2015

Liabilities

Up

$2,685

Up $1,331 (+98%) from 2015

Revenue

Down

$8,337

Down $51,527 (-86%) from 2015

Expenses

Up

$98,105

Up $83,534 (+573%) from 2015

Net Income

Down

-$89,768

Down $135,061 (-298%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2012: $726,613Liabilities 2012: $2,771Net Assets 2012: $723,8422012Assets 2013: $756,399Liabilities 2013: $2,717Net Assets 2013: $753,6822013Assets 2014: $800,383Liabilities 2014: $2,711Net Assets 2014: $797,6722014Assets 2015: $792,284Liabilities 2015: $1,354Net Assets 2015: $790,9302015Assets 2016: $691,794Liabilities 2016: $2,685Net Assets 2016: $689,1092016Assets 2017: $557,242Liabilities 2017: $3,117Net Assets 2017: $554,1252017Assets 2018: $578,080Liabilities 2018: $1,338Net Assets 2018: $576,7422018Assets 2019: $134,767Liabilities 2019: $1,334Net Assets 2019: $133,4332019Assets 2020: $53,576Liabilities 2020: $2,693Net Assets 2020: $50,8832020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2016

Assets$691,794
Liabilities$2,685
Net Assets$689,109

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2012: $44,9962012Expenses 2013: $17,7082013Revenue 2014: $20,933Expenses 2014: $15,456Net Income 2014: $5,4772014Revenue 2015: $59,864Expenses 2015: $14,571Net Income 2015: $45,2932015Revenue 2016: $8,337Expenses 2016: $98,105Net Income 2016: -$89,7682016Revenue 2017: $40,989Expenses 2017: $211,204Net Income 2017: -$170,2152017Revenue 2018: $19,937Expenses 2018: $16,071Net Income 2018: $3,8662018Revenue 2019: $39,986Expenses 2019: $391,674Net Income 2019: -$351,6882019Revenue 2020: $5Expenses 2020: $82,555Net Income 2020: -$82,5502020Revenue 2021: $1Expenses 2021: $52,174Net Income 2021: -$52,1732021

Highlighted filing

2016

Revenue$8,337
Expenses$98,105
Net Income-$89,768
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$98,479
Mission and Program Overview

Mission

The Pinecrest Foundation mission is to maintain the financial strength for the current and continued growth of Pinecrest Community to preserve now and in the future that its residents and friends may continue to have a caring and secure environment in which to reside. We will continue to nurture our foundation by making sound decisions in regard to our assets that benefit our residents, staff, and friends, for now and in the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$540,497$511,068▼ $29,429
Land, Buildings, and Equipment, Net$130,797$130,797→ $0
Cash and Non-Interest-Bearing Accounts$2,196$207▼ $1,989
Total Assets$792,284$691,794▼ $100,490
Other Assets Total$118,794$49,722▼ $69,072
Liabilities
Accounts Payable and Accrued Expenses$1,354$2,685▲ $1,331
Total Liabilities$1,354$2,685▲ $1,331
Net Assets / Fund Balance
Permanently Rstr Net Assets$425,604$425,604→ $0
Unrestricted Net Assets$365,326$263,505▼ $101,821
Total Net Assets Fund Balance$790,930$689,109▼ $101,821
Total Liabilities and Net Assets / Fund Balance$792,284$691,794▼ $100,490

Asset Categories

AssetBook ValueDepreciationBasis
Land$130,797-$130,797
Other Assets Org$222--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ferol LabashSecretary$104,274$104,274

Board Members and Trustees

NameTitle
John ThompsonPresident
Bill HorstVice President
Dianne SwingelDirector
Gary HendersonDirector
Keith MurrayDirector
Lou FinchDirector
Vic GreenDirector
Marty GrasleyDirector (until Dec 2015)
Steve GoleyDirector (until Oct 2015)
Vicki WeanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,527
Program Service Revenue
$0
Investment Income
$3,810
Other Revenue
$0
Change in Net Assets
$-89,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$85,892
Other Expenses$12,213
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$85,892--$85,892
Fees for Service Investment Mgmnt Fees-$4,284-$4,284
Fees for Services Accounting-$3,900-$3,900
Occupancy-$2,640-$2,640
Office Expenses-$1,374-$1,374
Other Expenses-$15-$15
Total Functional Expenses$85,892$12,213$0$98,105
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brethren HomeMount Morris, IL501(c)(3)Program services$85,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Ferol Labash, CEO, will be reviewing the Form 990 carefully. The Form 990 will be presented at the next board of director's meeting and will be reviewed and approved by the board before it is filed.

Form 990, Part VI, Section B, line 12C

Each officer and board member must complete a conflict of interest form. The organization regularly and consistently monitors and enforces the conflict of interest policy. The Secretary reviews the annual statements and potential conflicts are brought to the attention of the board.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy and financial statements are available upon written or verbal request for the same period of disclosure as set forth in IRC Section 6104(d).

Filing and Contact Details

Filer

Filer Name
Pinecrest Foundation Inc
EIN
36-3782988
Phone
8157344103
Address
414 South Wesley, Mount Morris, IL 61054

Signing Officer

Name
Ferol Labash
Title
Secretary
Phone
8157344103
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ferol Labash
Formed
1991
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Rsm US Llp
Address
1 S WACKER DRIVE STE 800, CHICAGO, IL 60606
Preparer
Wayne Harder
Phone
3126343400
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IRS990/ActivityOrMissionDesc0The Pinecrest Foundation mission is to maintain the financial strength for the current and continued growth of Pinecrest Community to preserve now and in the future that its residents and friends may continue to have a caring and secure environment in which to reside. We will continue to nurture our foundation by making sound decisions in regard to our assets that benefit our residents, staff, and friends, for now and in the future.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Two of the voting members for Pinecrest Foundation also serve on the board of the supported organizations. Because of this relationship, the supported organizations have a significant voice in the Foundation's investment policies, timing of grants, manner of making grants, selection of grant receipients, and other use of income or assets.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Foundation actively manages and holds title to assets for the purpose of providing funding in response to the needs of Pinecrest Community. Pinecrest Community consist of Pinecrest Village, Pinecrest Grove, and Brethren Home. The supported organizations use such funds to provide goods and services to further their exempt purpose of providing care to the elderly.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Without the Foundation's active management of assets and provision of funds, the supported organizations of Pinecrest Community would otherwise be involved in these activities, which would take time away from the direct care of their residents.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2a:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section E, Line 2b:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362181961
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1363489747
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2320158623
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd19
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd29
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt085892
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Brethren Home
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Pinecrest Village
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Pinecrest Grove
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt085892
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/LandGrp/BookValueAmt0130797
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130797
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1222
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Spirit of Compassion Statue
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Intercompany Receivable- Brethren Home
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0130797
IRS990ScheduleD/TotalBookValueOtherAssetsAmt049722
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt085892
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Program services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Brethren Home
IRS990ScheduleI/RecipientTable/RecipientEIN0362181961
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0414 South Wesley Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Mount Morris
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061054
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only gives money to Brethren Home, Pinecrest Village, or Pinecrest Grove. The Board of Directors is presented with a need from one of these entities. The Board decides what to fund. Funds given are monitored by the Board members that serve mutually on both boards as to the amount given and the use.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ferol Labash, CEO, will be reviewing the Form 990 carefully. The Form 990 will be presented at the next board of director's meeting and will be reviewed and approved by the board before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each officer and board member must complete a conflict of interest form. The organization regularly and consistently monitors and enforces the conflict of interest policy. The Secretary reviews the annual statements and potential conflicts are brought to the attention of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, conflict of interest policy and financial statements are available upon written or verbal request for the same period of disclosure as set forth in IRC Section 6104(d).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Church of the Brethren
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Church of the Brethren
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2Church of the Brethren
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Brethren Home
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Pinecrest Grove
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Pinecrest Village
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362181961
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1320158623
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2363489747
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Long term care for the elderly
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Administration of senior citizen residential property
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Continuing care retirement community
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0414 South Wesley Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1414 South Wesley Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2414 South Wesley Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Mount Morris
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Mount Morris
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Mount Morris
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061054
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd161054
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd261054
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0792284
IRS990/TotalAssetsEOYAmt0691794
IRS990/TotalAssetsGrp/BOYAmt0792284
IRS990/TotalAssetsGrp/EOYAmt0691794
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04527

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