Carolina Adventist Retirement Systems Inc
- Assets
- $27.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1947
- Data as of
- 09/2023
- EIN
- 56-1089384
Organization Overview
Carolina Adventist Retirement Systems Inc is located in Charlotte, NC. The organization was established in 1947. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Carolina Adventist Retirement Systems Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SOLD ALL OPERATIONS EFFECTIVE 2/1/2018. THE PROCEEDS RELATING TO THE SALE OF THE ASSETS/OPERATIONS WERE TRANSFERRED TO CAROLINA CONFERENCE OF SEVENTH-DAY ADVENTISTS THE ORGANIZATION'S SPONSORING ORGANIZATION WHICH IS A TAX-EXEMPT ORGANIZATION RECOGNIZED AS A CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Santa Arvelo Director | 1 | $0 | |
Dan Tullock Director | 1 | $0 | |
Daniel Tincopa Director | 1 | $0 | |
Crystal Thigpen Director | 1 | $0 | |
Linda Stamp Director | 1 | $0 | |
Keith Shepard Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kindred Rehab Services Inc Dba Peoplefi Physical, Speech, And Occupational Thera | 9/29/18 | $1,038,449 |
Poyner & Spruill Llp Attorney | 9/29/18 | $211,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,551 |
| Total expenses | $12,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,972 |
| Other assets | $0 |
| Total assets | $26,972 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,972 |
Grants Awarded
Over the last fiscal year, Carolina Adventist Retirement Systems Inc has awarded $24,650 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LEADINGAGE NORTH CAROLINA FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $5,000 |
MOUNT PISGAH ACADEMY PURPOSE: STUDENT SCHOLARSHIPS AND GENERAL OPERATIONS | $5,825 |
JESSIE F RICHARDSON FOUNDATION CO VILLAGES OF WILKES PURPOSE: CARE OF ELDERS IN NICARAGUA | $1,500 |
LEADINGAGE NORTH CAROLINA FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $5,000 |
MOUNT PISGAH ACADEMY PURPOSE: STUDENT SCHOLARSHIPS AND GENERAL OPERATIONS | $5,825 |
JESSIE F RICHARDSON FOUNDATION CO VILLAGES OF WILKES PURPOSE: CARE OF ELDERS IN NICARAGUA | $1,500 |