Civic Intelligence

Village Shalom Charitable Supporting Foundation

990 • Fiscal year 2013 • EIN 48-1205323

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 15, 2014

5500 West 123rd StreetSuiteOverland Park, KS 66209

(913) 317-2600

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

58th percentile

$280,835

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

58th percentile

6.7%

Faster asset growth than 58% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$26,340,801

Up $1,657,189 (+6.7%) from 2012

Net Assets

Up

$26,340,801

Up $1,657,189 (+6.7%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$2,949,487

No earlier filing loaded for comparison.

Expenses

Down

$1,336,904

Down $129,808 (-8.9%) from 2012

Net Income

$1,612,583

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $25,020,928Liabilities 2010: $0Net Assets 2010: $25,020,9282010Assets 2011: $24,623,805Liabilities 2011: $0Net Assets 2011: $24,623,8052011Assets 2012: $24,683,612Liabilities 2012: $0Net Assets 2012: $24,683,6122012Assets 2013: $26,340,801Liabilities 2013: $0Net Assets 2013: $26,340,8012013Assets 2014: $8,990,716Liabilities 2014: $0Net Assets 2014: $8,990,7162014Assets 2015: $8,748,919Liabilities 2015: $0Net Assets 2015: $8,748,9192015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2013

Assets$26,340,801
Liabilities$0
Net Assets$26,340,801

Operations Trend

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

$30M$20M$10M$0-$10M-$20MExpenses 2010: $1,179,2092010Expenses 2011: $1,535,7382011Expenses 2012: $1,466,7122012Revenue 2013: $2,949,487Expenses 2013: $1,336,904Net Income 2013: $1,612,5832013Revenue 2014: $3,827,473Expenses 2014: $20,930,723Net Income 2014: -$17,103,2502014Revenue 2015: $1,363,562Expenses 2015: $1,253,043Net Income 2015: $110,5192015Revenue 2016: $1,543,670Expenses 2016: $3,136,794Net Income 2016: -$1,593,1242016

Highlighted filing

2013

Revenue$2,949,487
Expenses$1,336,904
Net Income$1,612,583
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 15, 2014
Return Version
2013v3.1
Gross Receipts
$3,093,357
Mission and Program Overview

Mission

To support village shalom in providing the highest quality of resident care and outreach programming to meet the physical, social, and spiritual needs of independent seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$19,652,035$19,623,485▼ $28,550
Investments in Publicly Traded Securities$4,804,004$6,387,551▲ $1,583,547
Investments Other Securities$205,528$211,620▲ $6,092
Pledges and Grants Receivable$22,045$118,145▲ $96,100
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$24,683,612$26,340,801▲ $1,657,189
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$22,470,527$24,040,862▲ $1,570,335
Permanently Rstr Net Assets$1,399,888$1,405,980▲ $6,092
Temporarily Rstr Net Assets$813,197$893,959▲ $80,762
Total Net Assets Fund Balance$24,683,612$26,340,801▲ $1,657,189
Total Liabilities and Net Assets / Fund Balance$24,683,612$26,340,801▲ $1,657,189

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$19,623,485--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,573,835$0▲ $125,623$100,824$1,597,414
2012$1,486,313$0▲ $153,791$64,436$1,573,835
2011$1,558,899$2,500▼ $13,690$55,076$1,486,313
2010$1,431,805$9,000▲ $145,912$13,367$1,558,899
2009$1,147,428$100,570▲ $184,807$1,000$1,431,805
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nicole AnthonyDirector of FinancePT$105,215$105,215
Karin MccraryCOO-$18,846$18,846

Board Members and Trustees

NameTitle
Michael AbramsDirector/chair
Matthew LewisPresident/CEO
Rodney MinkinDirector/vice Chair
Lauren HoopesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,870,835
Program Service Revenue
$0
Investment Income
$171,527
Other Revenue
$-92,875
All Other Contributions
$2,636,201
Change in Net Assets
$1,612,583

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,949,487
Revenue Not Reported on Form 990
$23,055,828
Total Revenue per Audited Statements
$26,005,315
Total Revenue per Form 990
$2,949,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,105,220
Total Fundraising Expense$200,693
Salaries, Compensation, and Employee Benefits$161,169
Other Expenses$70,515
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,105,220--$1,105,220
Other Salaries and Wages--$149,890$149,890
Fees for Service Investment Mgmnt Fees-$30,991$2,364$33,355
Office Expenses--$19,556$19,556
Payroll Taxes--$10,978$10,978
Other Expenses--$10,000$10,000
Travel--$2,909$2,909
All Other Expenses--$2,601$2,601
Advertising--$1,193$1,193
Conferences and Meetings--$901$901
Other Employee Benefits--$301$301
Total Functional Expenses$1,105,220$30,991$200,693$1,336,904

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,565,418
Expenses Not Reported on Form 990$17,228,514
Expenses per Audited Statements$1,336,904
Total Expenses per Form 990$1,336,904
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
48-1199065-501(c)(3)To Support Operation$1,105,220
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$143,870
Fundraising Gross Income$50,995
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$217,151$30,540$123,879$-93,339
Event 2$43,478$20,455$19,991$464
Total Events$260,629$50,995$143,870$-92,875
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Village shalom, inc., the publicly supported organization of village shalom charitable supporting foundation (foundation), has the right to appoint all members of the board of the foundation, except for the one director appointed by the jewish community foundation of greater kansas city.

Form 990, Part VI, Section B, Line 11B

The 990 is compiled/completed by an independent cpa firm, bkd. Bkd also conducts the annual independent audit of both village shalom, inc. And village shalom charitable foundations, inc. The 990 is completed in cooperation with the director of finance and president of village shalom. Prior to the mailing to the village shalom board, the director of finance and president review the 990 and related schedules with bkd. The 990 draft is e-mailed to all voting members of the organizations governing board prior to the filing with the irs. The 990 is a topic at the finance committee meeting prior to the filing and at the regularly scheduled board meeting prior to the filing.

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

Village shalom has a written compliance plan that village shalom charitable supporting foundation has formally adopted. The compliance plan is gone over with every employee at orientation, and every board member when installed. A code of conduct is signed by every employee and board member at orientation (upon hire or installation). Annually, every employee member completes an in-service/update on the code of conduct/compliance plan. Annually every board member reviews the code of conduct and signs an updated conflict of interest policy. The code of conduct and compliance plan lay the foundation for a compliant culture and an atmosphere for self disclosure. Village shalom is dedicated to the highest ethical practices and makes every effort to conduct relationships with this business culture.

Form 990, Part VI, Section B, Lines 13 & 14

Village shalom charitable supporting foundation is in the process of implementing a whistleblower policy as well as a written document retention and destruction policy. The organization currently relies on those policies adopted by village shalom.

Form 990, Part VI, Section B, Lines 15A & B

Village shalom has a designated compensation committee appointed by the board of directors. The committee reviews salary data for the industry. The salary data includes both local and regional comparative data. The committee reviews the compensation package as a whole, including both salary and benefit structure. The committee maintains documentation relating to dates met, topics discussed, and processes undertaken and conclusions for compensation packages. The board only reviews the ceo/president salary - all management positions are reviewed by the ceo. The ceo reviews available comparable salary data from local and regional sources, including kahsa.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
48-1205323
In Care Of
% NICOLE ANTHONY
Phone
9133172600

Signing Officer

Name
Matthew Lewis
Title
President/ CEO
Phone
9133172600
Signed
2014-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Lewis
Formed
1998
Legal Domicile
Ks
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Preparer
Michael J Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

It is the mission of village shalom charitable supporting foundation to support village shalom so that they may provide the highest quality of resident care and outreach programming to the seniors of our community. Our overarching goal for the services we offer is to meet the physical, social and spiritual needs of every individual we touch, and to do so within a continuum of care that encourages and supports the highest possible level of independence for those seniors entrued to our care. We are committed to providing these services to seniors from diverse cultures and economic backgrounds.

Form 990, Part III, Line 4A

Across the spectrum of our programs and services, village shalom is committed to a philosophy of providing care that supports the highest level of independence for an individual. Moreover, we are committed to providing seniors with the highest quality care regardless of their level of need, from basic retirement living to full nursing care, and regardless of their ability to pay. For nearly 100 years, village shalom has provided exceptional long-term care for seniors in the greater kansas city area. We are pleased to be able to offer tailored programs and services to seniors in an award-winning innovative environment that provides maximum independence to our residents. Village shalom is and reamains a leader within the senior living care industry. Village shalom commits time and resources, and retains outstanding professionals devoted to developing new and innovative services that enrich the lives of seniors regardless of economic resources. Nearly one fourth of the residents on village shalom's main campus are recipients of more than $1.3 million in financial assistance. All residents receiving financial assistance are provided with the same high-quality care and services as any other village shalom resident. Their dignity, privacy, and long-term care are our primary concern.

Form 990, Part XI, Line 9

Change in temporarily restricted net assets $ 80,763 change in permanently restricted net assets $ 6,092 -------- $ 86,855

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment Fund A. Intended Language B. How we meet the exempt purpose 1. Milton Feld Family Trust $250,000 a. Preparing and presenting a stimulating event - not less than bi-weekly and programs relating thereto on an ongoing basis. Irrespective of recommendations made to VS by contributors to the Fund or otherwise, the Village shall have sole and exclusive responsibility for the timing and content of every such event and program. i. The earnings from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 2. Financial Aid Endowment $677,720 a. Earnings are to be used for the sole purpose of for subsidizing individuals in need of financial scholarships to live in or attend programs at Village Shalom. i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 3. Polsky Fund $53,195 a. Staff development and motivation through: formal education; regular training; attendance at industry conferences and events; and whatever other programs the Board can determine and/or b. Extra staffing and training toward the care and treatment of person with Alzheimer's disease and related dementia problems i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 4. Allen & Gloria Block, Champion of Culture Change $20,100 a. Earnings from the fund will be used to award between $750-$1,000 semi-annually to an exemplary team member who genuinely embodies the concepts of "Culture Change" and teamwork to enhance the quality of life of our residents. i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a ), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 5. Edward & Ruth Rose Family/Village Shalom Birthday Party Endowment Fund $100,304 a. The earnings from this endowment provide funds for a monthly birthday party for residents at Village Shalom, as well as a lunch or dinner at Village Shalom for each resident with their family in celebration of the resident's birthday. b. In the event that funds are not needed for the original purpose as proposed, Village Shalom may use these funds for other needed programming, with the approval of the Ed & Ruth Rose Family Charitable Supporting Foundation. c. Village Shalom, through the Executive Director, shall request funds as needed for this project. As long as principal of the fund is not used, no further approval process will be needed. If it

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Special events expense $ 143,870 revenue from related organization $ 25,629,761 eliminations $ (2,675,554) ------------- $ 23,098,077

Schedule D, Part XII, Line 2D

Special events expense $ 143,870 expenses from related organization $ 18,189,864 eliminations $ (1,105,220) ------------- $ 17,228,514

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10VILLAGE SHALOM
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment Fund A. Intended Language B. How we meet the exempt purpose 1. Milton Feld Family Trust $250,000 a. Preparing and presenting a stimulating event - not less than bi-weekly and programs relating thereto on an ongoing basis. Irrespective of recommendations made to VS by contributors to the Fund or otherwise, the Village shall have sole and exclusive responsibility for the timing and content of every such event and program. i. The earnings from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 2. Financial Aid Endowment $677,720 a. Earnings are to be used for the sole purpose of for subsidizing individuals in need of financial scholarships to live in or attend programs at Village Shalom. i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 3. Polsky Fund $53,195 a. Staff development and motivation through: formal education; regular training; attendance at industry conferences and events; and whatever other programs the Board can determine and/or b. Extra staffing and training toward the care and treatment of person with Alzheimer's disease and related dementia problems i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a & b), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 4. Allen & Gloria Block, Champion of Culture Change $20,100 a. Earnings from the fund will be used to award between $750-$1,000 semi-annually to an exemplary team member who genuinely embodies the concepts of "Culture Change" and teamwork to enhance the quality of life of our residents. i. The earning from the endowment is maintained within the endowment as Temporarily Restricted until spent. As funds are spent as outlined above (a ), earnings are moved from temporarily restricted cash to Unrestricted cash, for withdrawal. Village Shalom has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. 5. Edward & Ruth Rose Family/Village Shalom Birthday Party Endowment Fund $100,304 a. The earnings from this endowment provide funds for a monthly birthday party for residents at Village Shalom, as well as a lunch or dinner at Village Shalom for each resident with their family in celebration of the resident's birthday. b. In the event that funds are not needed for the original purpose as proposed, Village Shalom may use these funds for other needed programming, with the approval of the Ed & Ruth Rose Family Charitable Supporting Foundation. c. Village Shalom, through the Executive Director, shall request funds as needed for this project. As long as principal of the fund is not used, no further approval process will be needed. If it
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS EXPENSE $ 143,870 REVENUE FROM RELATED ORGANIZATION $ 25,629,761 ELIMINATIONS $ (2,675,554) ------------- $ 23,098,077
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENTS EXPENSE $ 143,870 EXPENSES FROM RELATED ORGANIZATION $ 18,189,864 ELIMINATIONS $ (1,105,220) ------------- $ 17,228,514
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PART XII, LINE 2D
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT OPERATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10VILLAGE SHALOM INC
IRS990ScheduleI/RecipientTable/RecipientEIN0481199065

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