Springmoor Inc in Raleigh, North Carolina (NC)

Table of contents:

Organization representatives - add corrected or new information about Springmoor Inc »

Non-representatives - add comments about Springmoor Inc»

Springmoor Inc
Employer Identification Number (EIN)561368256
Name of OrganizationSpringmoor Inc
Address1500 Sawmill Rd, Raleigh, NC 27615-4320
ActivitiesCare and housing for the aged (see also 382), Described in section 509(a)(2) of the Code, Housing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date09/1985
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$55,460,292
Amount of Income$33,140,587
Form 990 Revenue Amount$33,140,587
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Continuing Care Communities


Non-representatives - add comments:


CAPTCHA

Your IP address 54.196.201.253 will be logged.

Amount of income in 2012: $33,140,587
Springmoor Inc: 

 $33,140,587
Other organizations performing similar types of work: 

 $14,217,540

Assets in 2012: $55,460,292
This organization: 

 $55,460,292
Other organizations performing similar types of work: 

 $26,832,796

Expenses in 2002: $26,703,236
Springmoor Inc: 

 $26,703,236
Other organizations performing similar types of work: 

 $12,274,917

Income to expenses ratio in 2002: 1.0
Springmoor Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 52.2%
Springmoor Inc: 

 52.2%
Other organizations performing similar types of work: 

 86.2%

Number of employees in 2002: 600
This organization: 

 600
Other organizations performing similar types of work: 

 216

Employees paid over $50,000 in 2002: 2.0%
Springmoor Inc: 

 2.0%
Other organizations performing similar types of work: 

 5.2%

Grants share in income in 2002: 0.0%
Springmoor Inc: 

 0.0%
Other organizations performing similar types of work: 

 0.9%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$26,534,063$24,795,976$27,128,786
Contributions, gifts, grants, and similar amounts received$5,940$0$50
Contributions to donor advised funds
Direct public support$5,940$0$50
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$22,157,285$20,593,113$22,983,867
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$3,730,863$3,679,764$3,532,635
Dividends and interest from securities$0$27,298$24,637
Net rental income or (loss)$91,172$61,169$59,450
Gross rents$91,172$61,169$59,450
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$13,257$2,278
Gross amount from sales of assets other than inventory$0$13,257$2,278
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$548,803$421,375$525,869
Total expenses$25,029,317$26,157,793$26,703,236
Program services$12,837,713$13,666,379$13,947,793
Management and general$12,191,604$12,491,414$12,755,443
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$31,981$-1,829,836$-1,404,286
Excess or (deficit) for the year$1,504,746$-1,361,817$425,550
Net assets or fund balances at beginning of year$-1,472,765$31,981$-1,829,836
Other changes in net assets or fund balances$0$-500,000$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,703,236$13,947,793$12,755,443$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$3,150$0$3,150$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$2,566,906$2,566,906$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$202,890$0$202,890$0
Depreciation, depletion, etc.$219,898$0$219,898$0
Other expenses not covered above$23,710,392$11,380,887$12,329,505$0
Balance Sheets
200020012002
Total assets$44,943,499$43,316,257$42,015,063
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$5,995,418$4,421,186$3,207,601
Accounts receivable less allowance for doubtful accounts$189,392$181,849$157,552
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$35,320,296$35,320,296$35,320,296
Inventories for sale or use$3,693$3,171$3,207
Prepaid expenses and deferred charges$15,041$7,079$48,831
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$3,419,659$3,382,676$3,277,576
Other assets, including program-related investments$0$0$0
Total liabilities$44,911,518$45,146,093$43,419,349
Accounts payable and accrued expenses$2,990,529$424,985$364,201
Grants payable$0$0$0
Deferred revenue$34,421,420$37,874,317$36,915,174
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$7,499,569$6,846,791$6,139,974
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$44,943,499$43,316,257$42,015,063
Total net assets or fund balances$31,981$-1,829,836$-1,404,286
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$26,534,063$0$0
Total revenue, gains, and other support per audited financial statements$26,534,063$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$25,029,317$0$0
Total expenses and losses per audited financial statements$25,029,317$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006600
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$27,128,736
Program service revenue
Program service revenue 1000000$000$0$22,374,077
Program service revenue 2000000$000$0$17,942
Program service revenue 3000000$000$0$180,908
Program service revenue 4000000$000$0$44,795
Program service revenue 5000000$000$0$366,145
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$3,532,635
Dividends and interest from securities000000$000$0$24,637
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$59,450
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$2,278
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$525,869
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$109,136$1,746$0
$76,530$1,224$0
$67,731$1,084$0
$64,133$1,026$0
$60,247$964$0
Total number of other employees paid over $50,0007
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
199920002001
Total$25,384,246$25,985,260$24,374,601
Gifts, grants, and contributions received$0$5,940$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$21,662,489$22,157,285$20,593,113
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$3,721,757$3,822,035$3,781,488
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$35,055,613
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$29,507,791
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,512,493
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$133,018
Gross rents (Real / Personal)$133,018 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$133,018 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,902,311
Statement of Functional Expenses (for 2011)
Total functional expenses$31,694,641
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$31,694,641
Balance Sheet (for 2011)
Total assets$54,962,343
Total liabilities$36,694,927
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$3,951,428
Unsecured notes and loans payable to unrelated third parties$0
Other$32,743,499
Total net assets or fund balances$18,267,416
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$163,319,328
Gifts, grants, contributions, and membership fees received$20,708
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$145,292,031
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$18,006,589
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Springmoor Inc to others? (optional)
  
Add photo of Springmoor Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Evangelical Lutheran Good Samaritan SocietyPO BOX 5038, Sioux Falls, SD 57117-5038SD1955-05$1,360,329,074
2Acts Retirement-Life Communities IncPO BOX 90, West Point, PA 19486-0090PA1972-06$355,038,914
3Lifespace Communities Inc, Village On The Green100 E Grand Ave Ste 200, Des Moines, IA 50309-1835IA1977-10$262,293,304
4Moorings Incorporated120 Moorings Park Dr, Naples, FL 34105-2122FL1978-10$232,847,309
5Springpoint Senior Living Inc, Group Return13 Roszel Road, Princeton, NJ 08540-6211NJ1997-01$221,530,164
6Masonic Homes At Elizabethtown Gd Ldg Of Free & Accptd Masons Pa1 Masonic Dr, Elizabethtown, PA 17022-2199PA1958-03$196,456,351
7American Baptist Homes Of The West6120 Stoneridge Mall Road 3rd Fl, Pleasanton, CA 94588-3296CA1957-02$189,662,071
8Presbyterian Homes Inc2109 Sandy Ridge Rd, Colfax, NC 27235-9608NC1991-08$67,246,358
9Carolina Meadows Inc100 Carolina Mdws, Chapel Hill, NC 27517-8507NC1985-10$58,023,522
10Aldersgate United Methodist Retirement Community Inc3800 Shamrock Dr, Charlotte, NC 28215-3220NC1946-11$52,998,193
11The Pines At Davidson Inc400 Avinger Ln, Davidson, NC 28036-8800NC1985-02$36,700,200
12United Church Homes And Services100 Leonard Ave, Newton, NC 28658-9649NC1971-11$34,835,471
13Springmoor Inc1500 Sawmill Rd, Raleigh, NC 27615-4320NC1985-09$33,140,587
14Friends Homes Inc925 New Garden Rd, Greensboro, NC 27410-3233NC1970-04$31,345,307
15Baptist Retirement Homes Of North Carolina Incorporated1912 Bethabara Rd, Winston Salem, NC 27106-3304NC1952-08$31,191,995
16Deerfield Episcopal Retirement Comm Inc1617 Hendersonville Rd, Asheville, NC 28803-4129NC1970-04$31,039,802
17Forest At Duke Inc2701 Pickett Road, Durham, NC 27705-5688NC1989-07$30,800,515
18Givens Estates Inc2360 Sweeten Creek Rd, Asheville, NC 28803-2030NC1976-10$29,535,192
19Well-Spring Ret Community4100 Well Spring Drive, Greensboro, NC 27410-8857NC1987-11$27,869,120
20Presbyterian Homes Inc, Glenaire2109 Sandy Ridge Rd, Colfax, NC 27235-9608NC1991-08$26,995,474
21Southminister Inc8919 Park Rd, Charlotte, NC 28210-7610NC1984-11$25,578,701
22Maryfield Inc1315 Greensboro Rd, High Point, NC 27260-2611NC1946-03$23,742,266
23Moravian Home Incorporated1000 Salemtowne Dr, Winston Salem, NC 27106-3294NC1971-05$19,144,976
24Presbyterian Home At Charlotte Inc5100 Sharon Road, Charlotte, NC 28210-4768NC1965-04$17,513,803
25Episcopal Home For The Ageing In The Diocese Of North Carolina Inc500 E Rhode Island Ave, Southern Pnes, NC 28387-4010NC1964-07$12,461,554
26Grace Lifecare Inc, Grace Ridge500 Lenoir Road, Morganton, NC 28655-2666NC1992-03$7,994,319
27The Cross Road Rest And Retirement Center Inc1302 Old Cox Rd, Asheboro, NC 27205-9466NC1983-05$5,215,279
28Durham Center For Senior Life406 Rigsbee Ave Ste 202, Durham, NC 27701-2186NC1954-10$1,574,010
29Saintes Assisted Independent Living IncPO BOX 1455, Henderson, NC 27536-1455NC1994-02$569,993
30Masonic And Eastern Star Home700 S Holden Rd, Greensboro, NC 27407-2321NC1944-03$32,318,228
Number of organizations performing similar types of work
Alaska2
Alabama3
Arkansas5
Arizona12
California51
Colorado13
Connecticut21
District of Columbia6
Delaware3
Florida45
Georgia13
Hawaii2
Iowa22
Illinois57
Indiana25
Kansas14
Kentucky9
Louisiana8
Massachusetts16
Maryland26
Maine4
Michigan18
Minnesota39
Missouri22
Montana2
North Carolina23
North Dakota2
Nebraska4
New Hampshire5
New Jersey25
New Mexico1
New York46
Ohio46
Oklahoma4
Oregon12
Pennsylvania94
Rhode Island5
South Carolina8
South Dakota8
Tennessee14
Texas22
Utah2
Virginia23
Vermont1
Washington19
Wisconsin27
West Virginia4
Wyoming1
International2
Total836

faqs.org is not associated with, endorsed by, or sponsored by Springmoor Inc and has no official or unofficial affiliation with Springmoor Inc