Civic Intelligence

Pinecrest Foundation Inc

990 • Fiscal year 2020 • EIN 36-3782988

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

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

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

538.60x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-1651000%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$111,285

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 2225700.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

6th percentile

-60%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$53,576

Down $81,191 (-60%) from 2019

Net Assets

Down

$50,883

Down $82,550 (-62%) from 2019

Liabilities

Up

$2,693

Up $1,359 (+102%) from 2019

Revenue

Down

$5

Down $39,981 (-100%) from 2019

Expenses

Down

$82,555

Down $309,119 (-79%) from 2019

Net Income

Up

-$82,550

Up $269,138 (+77%) from 2019

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

2020

Assets$53,576
Liabilities$2,693
Net Assets$50,883

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

2020

Revenue$5
Expenses$82,555
Net Income-$82,550
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.2
Gross Receipts
$5
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
Land, Buildings, and Equipment, Net$75,000--
Investments in Publicly Traded Securities$4,988$4,950▼ $38
Cash and Non-Interest-Bearing Accounts$7,279$1,126▼ $6,153
Total Assets$134,767$53,576▼ $81,191
Other Assets Total$47,500$47,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,334$2,693▲ $1,359
Total Liabilities$1,334$2,693▲ $1,359
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$133,433$50,883▼ $82,550
Total Net Assets Fund Balance$133,433$50,883▼ $82,550
Total Liabilities and Net Assets / Fund Balance$134,767$53,576▼ $81,191

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$47,500--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ferol LabashChief Executive Officer$111,285$111,285

Board Members and Trustees

NameTitle
Andrew WelpPresident
Gary HendersonVice President
Beverly BinkleyDirector
Brenda NevenhovenDirector
Dr Edward BakerDirector
Gary MelvinDirector
Gerald KinsleyDirector
Kurt ZuckDirector
Neil BrinkmeierDirector
Patrice NightingaleDirector
Patricia BallDirector
Roger AnnaDirector
Dianne SwingelSecretary
Mike AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-82,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,000
Other Expenses$7,555
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,000--$75,000
Fees for Services Accounting-$4,725-$4,725
Office Expenses-$2,790-$2,790
Fees for Service Investment Mgmnt Fees-$40-$40
Total Functional Expenses$75,000$7,555$0$82,555
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brethren HomeMount Morris, IL501(c)(3)Program Services$0
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 35% controlled entity
No
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 11B

Ferol Labash, CEO, reviewed the Form 990 carefully. The Form 990 was presented at the Board of Director's meeting and was reviewed and approved by the Board before it was 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 CEO and the compliance officer review the annual statements and potential conflicts are brought to the attention of the executive board. If a conflict is discovered the executive board will take action.

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
Chief Executive Officer
Phone
8157344103
Signed
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ferol Labash
Formed
1991
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
20

Preparer

Firm
Rsm US Llp
Address
30 South Wacker Dr Suite 3300, Chicago, IL 60606-3392
Preparer
Rebekuh Eley
Phone
3126343400
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

During the fiscal year, the Board voted to dissolve the Foundation and articles of dissolution were filed with the state after year end. All of the assets and liabilities will be transferred to Brethren Home, a 501(c)(3) public charity. Brethren Home Board of Directors has the authority to act on behalf of the Pinecrest Foundation Board.

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IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt02191
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt030
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt05
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt0844
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt040
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt01052
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt01317
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt0-35
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt01139
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt01139
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt07838
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt07838
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt0968
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt07838
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt07838
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt07838
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt075000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt075000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt0573955
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0387270
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt010000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt0184523
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0648955
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt075000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0387270
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt010000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt0176685
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0581793
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt075000
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt07838
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt0100.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt075000
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt075000
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0There has been a historic and continuing relationship between Pinecrest Foundation and the supported organizations, which are described under IRC section 509(a)(2). The Brethren Home Board of Directors has the authority to act on behalf of the Pinecrest Foundation Board. The 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Brethren Home Board of Directors has the authority to act on behalf of the Pinecrest Foundation Board. 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 recipients, and other use of income or assets.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Responsiveness Test The Brethren Home Board of Directors has the authority to act on behalf of the Pinecrest Foundation Board. 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 recipients, and other use of income or assets. Attentiveness Test There has been a historic and continuing relationship between Pinecrest Foundation and the supported organizations, collectively known as Pinecrest Community. Pinecrest Foundation maintains 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. Each year Pinecrest Foundation distributes funds to the supported organizations to ensure attentiveness.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section D, Line 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part V, Section D, Line 8:
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt055575
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt0189147
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt03105
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt010199
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt04970
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt056448
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0834
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt02837
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt047500
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt0122500
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt054741
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt0186310
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt01916
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt06521
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt01317
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt055575
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt0189147
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt01916
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt07838
IRS990ScheduleA/OtherSupportSumAmt075000
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362181961
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1363489747
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2320158623
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd10
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd20
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd110
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd210
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt075000
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Brethren Home
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Pinecrest Village
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Pinecrest Grove

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