2025-01-15T14:15:10-06:00 2024-02-29 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-03-01 942929146 PEOPLE OF FAITH FOUNDATION INC PEOP 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 A CARTER SMITHERMAN CFO 6239332807 2025-01-14 1 1 CHAD D KUNZE CPA P00639380 6305738600 2025-01-14 2023 2024-10-15 13:58:12Z KENDRA EBERHART 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 22235458 0 X WWW.ROYALOAKS.COM X 1983 AZ PROVIDE ASSISTANCE TO RESIDENTS OF ROYAL OAKS AND SUPPORT OTHER CHARITABLE PURPOSES OF ROYAL OAKS. 10 10 0 9 0 0 1022947 930957 0 0 997618 2710497 429 -55848 2020994 3585606 1294279 1180068 0 0 0 0 0 0 49514 398063 576942 1692342 1757010 328652 1828596 24404872 30367828 2090974 4447594 22313898 25920234 X TO PROVIDE CONTINUING ASSISTANCE TO RESIDENTS OF ROYAL OAKS WHO CAN NO LONGER PARTIALLY OR ENTIRELY PAY FOR THEIR RESIDENCY AND TO SUPPORT OTHER CHARITABLE PURPOSES OF ROYAL OAKS THROUGH SOUND FISCAL MANAGEMENT OF THE FOUNDATION'S FUNDS. 0 0 543773 543773 0 EMPLOYEE ASSISTANCE FUND PAYMENTS MADE TO ROYAL OAKS. 441394 441394 0 SUBSIDY FOR MONTHLY SERVICE FEES FOR RESIDENTS LIVING AT ROYAL OAKS. 99699 99699 0 PAYMENTS ON BEHALF OF SPECIFIC INDIVIDUALS WHO RECEIVE ASSISTANCE IN PAYING THE RESIDENT FEES ASSOCIATED WITH LIVING AT ROYAL OAKS. 4439 4439 SOUND / HEARING ASSISTANCE SYSTEM COSTS. 88520 88520 EMPLOYEE EDUCATION ASSISTANCE. 2243 2243 ART PURCHASES FOR PEOPLE OF FAITH, INC. (ROYAL OAKS) 95202 95202 1180068 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 33 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X A CARTER SMITHERMAN 6239332807 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 JANICE DANIEL PRESIDENT & DIRECTOR 1.00 0.00 X X 0 0 0 FRED YATES VICE-PRESIDENT & DIRECTOR 1.00 0.00 X X 0 0 0 JOHN RADTKE SECRETARY & DIRECTOR 1.00 0.00 X X 0 0 0 LINNEA CARROLL TREASURER & DIRECTOR 1.00 0.00 X X 0 0 0 GLENNA HALE DIRECTOR 1.00 0.00 X 0 0 0 ANDREW LENICK DIRECTOR 1.00 0.00 X 0 0 0 BRUCE BURNSIDE DIRECTOR 1.00 0.00 X 0 0 0 ROSS PARROTT DIRECTOR 1.00 0.00 X 0 0 0 PAMELA LENHART DIRECTOR 1.00 0.00 X 0 0 0 MARK WOODFIELD DIRECTOR 1.00 0.00 X 0 0 0 KENDRA EBERHART CEO 1.00 39.00 X 0 478133 88727 GRETCHEN COBB COO 1.00 39.00 X 0 285674 85068 CARTER SMITHERMAN CFO 1.00 39.00 X 0 236930 67343 0 1000737 241138 0 0 1 0 0 192716 738241 930957 682903 682903 20621572 18593978 2027594 2027594 2027594 0 192716 55874 -55874 -55874 MISCELLANEOUS 900099 26 26 26 3585606 0 0 2654649 987410 987410 192658 192658 230864 185432 45432 1380 1380 20939 20939 102930 102930 1845 1845 6398 3438 2960 1122 1122 138377 138377 RESIDENT ACTIVITIES AND 66056 66056 MISCELLANEOUS EXPENSE 5201 5201 DUES, FEES, AND SUBSCRI 1830 1830 1757010 1180068 527428 49514 37634 32383 1837062 2128943 2280573 733 10209 22529443 25915720 24404872 30367828 336027 296942 2500000 1754947 1650652 2090974 4447594 X 20355394 23643035 1958504 2277199 22313898 25920234 24404872 30367828 X 1828596 3831285 -2053545 X X 0 1 X 1 0 X X 1 PEOPLE OF FAITH INC 860410807 10 1 445833 0 1 445833 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 1650652 1650652 6322276 3831285 3831285 2490991 1094615 1094615 3585606 728018 0 728018 1028992 1028992 1757010 PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 1,084,866. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 65,623. FUNDRAISING EXPENSES NETTED WITH CONTRIBUTIONS -55,874. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 1,084,866. FUNDRAISING EXPENSES NETTED WITH CONTRIBUTIONS -55,874. ROYAL OAKS FUNDRAISING 192716 192716 55874 192716 192716 55874 55874 -55874 1 PEOPLE OF FAITH INC 10015 W ROYAL OAK ROAD SUN CITY AZ 85351 860410807 501(C)(3) 987410 0 PURCHASE OF HEARING ASSISTANCE DEVICES AND MONTHLY SUBSIDY FOR ROYAL OAKS RESIDENTS 1 RESIDENT FEE SUBSIDIES 99699 SOUND/HEARING ASSISTANCE 4439 SCHOLARSHIPS 88520 PART I, LINE 2: ALL GRANTS ARE MADE TO PEOPLE OF FAITH, INC. TO SUBSIDIZE THE MONTHLY SERVICE FEES AND OTHER COSTS OF RESIDENTS LIVING AT ROYAL OAKS. THE FOUNDATION ENSURES APPROPRIATE USE OF GRANTED FUNDS THROUGH OVERLAPPING MANAGEMENT. DEPENDING ON THE PROGRAM THE INDIVIDUAL QUALIFIES FOR, SCHOLARSHIP FUNDS ARE EITHER SENT DIRECTLY TO THE SCHOOL OR PROVIDED TO THE RECIPIENT. 0 1 0 0 0 0 0 0 0 KENDRA EBERHART CEO 0 339072 0 115960 0 23101 0 82891 0 5836 0 566860 0 0 GRETCHEN COBB COO 0 223095 0 43341 0 19238 0 69782 0 15286 0 370742 0 0 CARTER SMITHERMAN CFO 0 188081 0 36837 0 12012 0 52057 0 15286 0 304273 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS), THE FOUNDATION'S SUPPORTED ORGANIZATION. THE FOLLOWING WERE USED BY PEOPLE OF FAITH, INC. IN DETERMINING THE CEO'S COMPENSATION: 1. INDEPENDENT COMPENSATION CONSULTANT 2. FORM 990 OF OTHER ORGANIZATIONS 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B THE PRESIDENT/CEO, COO AND CFO PARTICIPATED IN A 457(F) PLAN WITH PEOPLE OF FAITH, INC. DURING THE YEAR. THE PLAN PROVIDES THE PARTICIPANT WITH SUPPLEMENTAL DEFERRED COMPENSATION, SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, TO ENCOURAGE CONTINUED EMPLOYMENT FOR A SIGNIFICANT PERIOD OF TIME. IN 2023, $60,516 ACCRUED WITHIN THE PLAN FOR THE CEO, $40,005 WAS ACCRUED WITHIN THE PLAN FOR THE COO, AND $36,752 WAS ACCRUED WITHIN THE PLAN FOR THE CFO. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN C AS OTHER DEFERRED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A MEMBERS OF THE BOARD OF DIRECTORS WHO ARE RESIDENTS OF ROYAL OAKS ARE NOT PERMITTED TO VOTE ON MATTERS THAT PERTAIN TO MONETARY BENEFITS EXTENDED TO RESIDENTS. THE FOUNDATION'S BOARD OF DIRECTORS HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE BOARD. IF NEEDED, THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS. FORM 990, PART VI, SECTION A, LINE 3 ALL MANAGEMENT SERVICES ARE PROVIDED BY PEOPLE OF FAITH, INC. (DBA: ROYAL OAKS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF PEOPLE OF FAITH, INC. APPROVES ELECTION TO THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 WAS REVIEWED BY THE CFO AND UPLOADED TO A SECURE BOARD PORTAL FOR REVIEW BY THE BOARD OF DIRECTORS AT THE NEXT AVAILABLE BOARD MEETING SUBSEQUENT TO FILING, THE 990 IS PRESENTED AND DISCUSSED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. COMMUNICATION WITH BOARD MEMBERS ENSURES THAT ALL CONFLICTS ARE DISCLOSED. IF A CONFLICT EXISTS, A BOARD MEMBER DISCLOSES SUCH CONFLICT, REFRAINS FROM VOTING, DOESN'T USE THEIR PERSONAL INFLUENCE ON THE MATTER, AND IS NOT COUNTED IN DETERMINING A QUORUM FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED BY PEOPLE OF FAITH, INC., THE FOUNDATION'S SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -65,623. EQUITY TRANSFERS TO RELATED ENTITY -1,987,922. 990, PAGE 12, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PEOPLE OF FAITH INC 10015 WEST ROYAL OAK ROAD SUN CITY AZ 85351 860410807 RETIREMENT COMMUNITY AZ 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0