Lcps Management INC FY2020 filing

Tax-deductible

Ponte Vedra Beach, FL501(c)(3)HousingEIN 59-3474336Revenue $1.3M in FY2020

On file with the IRSlcpsmanagement.org1000 Vicars Landing Way, 32082-3151 · Ponte Vedra Beach, FLTax-exempt since May 1998Publicly supported — 509(a)(2)

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To provide operational Management services to continuing care retirement communities.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
$954K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $365K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$954K
to officers and key staff · 73% of spending
Concern: pay to officers and key staff is 73% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$197K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.3M
To programs
44%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$2.4M
FY2022$1.6M
FY2023$3.4M
FY2024$2.9M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$2.0M
FY2023$2.4M
FY2024$2.5M
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.2M
FY2022$1.8M
FY2023$2.8M
FY2024$3.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $578K Management & general 54% · $703K Fundraising 2% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $954K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$266,978Pt VII · Sec A
Chief Operating Officer
$203,161Pt VII · Sec A
Director of Health Services
$130,848Pt VII · Sec A
Director of Human Resources
$114,035Pt VII · Sec A
Programs Manager
$109,229Pt VII · Sec A
Chief Financial Officer (end 5/2020)
$71,250Pt VII · Sec A
Chief Financial Officer (beg 8/2020)
$58,490Pt VII · Sec A
Board Member
$0Pt VII · Sec A

D Bruce Jones’s $412K as Chief Executive Officer is at the 99th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
D Bruce Jones$412,263$346,246$316,547$287,948$266,978
Dale Pirkle$264,197$251,821$221,738$204,949$203,161
Darren Roy$258,323$243,483$219,861$196,851$58,490
Kendall Bryan$224,800$197,501$173,453$158,763$130,848
Debra Neitzel—$198,166$115,468$124,849$114,035
Payal Patel$182,097$114,253———
Elizabeth Sholar$167,584$155,148———
Kimberly Brown$150,793$138,964$122,646$124,538$109,229

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages operations for retirement communities offering continuous care.

Questions for Lcps Management INC

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Provided by the organization

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1 program · $578K · in their own filed words · FY2020
01

Management support services provided to affiliated 501(c)(3) organizations: life care ponte vedra, inc., vicar's landing home health agency, inc. And lend an ear outreach, inc.

$578Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 2 grants · $21K · 2020–2022

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$6K
Money outPt IX
$1.3M
Ln 25
Programscol B$578K
Managementcol C$703K
Fundraisingcol D$24K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$197K
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$6K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$265K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.5M
Other assetsLn 15$21K
Total assetsLn 16$1.5M
LiabilitiesLn 26$197K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.4M$1.5M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$121K$197K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Pay of current officers, directors and key staffLn 5$627K$212K$393K$22K
Other salaries and wagesLn 7$390K$268K$122K
Pension plan contributionsLn 8$12K$8K$4K
Other employee benefitsLn 9$12K$8K$4K
Payroll taxesLn 10$62K$29K$31K$1K
Legal feesLn 11b$96K$96K
Accounting feesLn 11c$48K$48K
Office expensesLn 13$7K$315$6K
TravelLn 17$25K$25K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$1.3M$578K$703K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$2.5M$349K$3.2M 990 PDF
FY2023 $3.4M$2.4M$988K$2.8M 990 PDF
FY2022 $1.6M$2.0M−$390K$1.8M 990 PDF
FY2021 $2.4M$1.4M$914K$2.2M 990 PDF
FY2020 Viewing $1.3M$1.3M−$37K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,267,734 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,041,091$1,261,542
I-10 Investment incomePrior year $15,634$6,192
I-11 Other revenuePrior year $240,180$0
I-12 Total revenuePrior year $1,296,905$1,267,734
I-13 Grants and similar amounts paidPrior year $3,000$12,334
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $973,984$1,102,636
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,944$189,607
I-18 Total expensesPrior year $1,085,928$1,304,577
I-19 Revenue less expensesPrior year $210,977−$36,843
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,267,734 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,261,542$1,261,542
VIII-3 Investment incomeExcluded from tax $6,192$6,192
VIII-12 Total revenueRelated to mission $1,261,542 · Unrelated business $0 · Excluded from tax $6,192$1,267,734
Part IX · Statement of functional expenses $1,304,577 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $12,334$12,334
IX-5 Pay of current officers, directors and key staffPrograms $211,677 · Management $393,100 · Fundraising $22,461$627,238
IX-7 Other salaries and wagesPrograms $268,366 · Management $121,958$390,324
IX-8 Pension plan contributionsPrograms $8,145 · Management $3,701$11,846
IX-9 Other employee benefitsPrograms $7,950 · Management $3,613$11,563
IX-10 Payroll taxesPrograms $29,390 · Management $30,944 · Fundraising $1,331$61,665
IX-11b Legal feesManagement $95,869$95,869
IX-11c Accounting feesManagement $47,500$47,500
IX-13 Office expensesPrograms $315 · Management $6,392$6,707
IX-17 TravelPrograms $25,127$25,127
IX-19 Conferences, conventions and meetingsPrograms $4,925$4,925
IX-24 Other expenses (24a–d)Programs $9,479$9,479
IX-25 Total functional expensesPrograms $577,708 · Management $703,077 · Fundraising $23,792$1,304,577
Part X · Balance sheet $1,494,942 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $649,606$265,300
X-2 Savings and temporary cash investmentsStart of year $769,974$1,207,193
X-9 Prepaid expenses and deferred chargesStart of year $0$1,754
X-15 Other assetsStart of year $35,060$20,695
X-16 Total assetsStart of year $1,455,140$1,494,942
X-17 Accounts payable and accrued expensesStart of year $118,675$106,685
X-24 Unsecured notes and loans payableStart of year $0$90,598
X-25 Other liabilitiesStart of year $1,963$0
X-26 Total liabilitiesStart of year $120,638$197,283
X-27 Net assets without donor restrictionsStart of year $1,334,502$1,297,659
X-32 Total net assets or fund balancesStart of year $1,334,502$1,297,659
X-33 Total liabilities and net assetsStart of year $1,455,140$1,494,942
Part XI · Reconciliation of net assets $1,297,659 net assets at year end
XI-1 Total revenue$1,267,734
XI-2 Total expenses$1,304,577
XI-3 Revenue less expenses−$36,843
XI-4 Net assets at start of year$1,334,502
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,297,659

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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