EIN 57-0337132

Bishop Gadsden Episcopal Retirement Community

IRS 501(c) type
501(c)(3)
Num. employees
807
Year formed
1943
Most recent tax filings
2022-12-01
Description
Bishop Gadsden, a Life Care Retirement Community, embraces God's call to ministry. We affirm positive living for all who live and work here. We serve with integrity. We exercise wise stewardship. We reach out with a generous spirit.
Also known as...
Bishop Gadsden Retirement Comm; Episcopal Church Home
Total revenues
$48,387,457
2022
Total expenses
$55,493,685
2022
Total assets
$292,676,122
2022
Num. employees
807
2022

Program areas at Bishop Gadsden Episcopal Retirement Community

Founded by the fourth Episcopal Bishop of south carolina in 1850, Bishop Gadsden Episcopal Retirement Community upholds the tradition of faith-based, not-for-profit organizations dedicated to the well-being of those persons who, because of age, personal conditions, health and their express desire, choose to reside in a Retirement Community. Bishop Gadsden is a mission-driven, non-profit-driven, organization. It has a long-term obligation to its residents and is committed to removing financial barriers to residency. Its roots in the greater charleston Community span over 172 years and, through the years, it has responded to specific needs of the greater Community. It has long been open to all men and women without regard to race, creed, religion, sexual preference, or national origin.retirement Community: Bishop Gadsden serves approximately 500 senior adults, 62 years of age and older, residing in four levels of care: independent Community (268 units), assisted living (79 units), memory support (32 beds), and skilled nursing care (100 beds). Bishop Gadsden operates to meet the primary needs of senior citizens by providing (1) residential facilities designed to meet physical, emotional, recreational, social, religious, and similar needs of the elderly, (2) access to health care services as needed, (3) assurance that the organization is run in a fiscally responsible manner, and (4) the commitment of financial security to any resident who runs out of money through no fault of his/her own.
Resident assistance program: Bishop christopher Gadsden founded the home for orphans and widows in 1850 to assist those in need. His vision for a caring Community is the heart and soul of the organization now called Bishop Gadsden. At the core of Bishop Gadsden is the belief and execution of the charitable mission.since 1995, Bishop Gadsden's resident assistance fund has donated more than $5.20 million in charitable care to residents facing financial difficulties. The resident assistance fund alleviates any anxieties residents and their families have by assuring them that they will continue to receive the care they need regardless of whether they can pay. Through the continued efforts of Bishop Gadsden residents, families, staff, and other organizations, the resident assistance fund continues to be a high priority. This imperative fund allows Bishop Gadsden to assist residents and future residents who, by no fault of their own, can no longer afford their continued care, while also supporting outside charitable organizations.all residents who are receiving financial support or assistance are between the ages of 73-98. They come from the greater charleston area, are both male and female, and cross all socioeconomic lines. Bishop Gadsden will continue to extend assistance to residents, acting on the firm belief that removing economic barriers to residency is part of its mission.in 2022, $39,847 was distributed in charitable care.
Charitable giving and generous spirit programs: throughout Bishop Gadsden's history, a commitment to giving has been on the forefront resulting in over $12 million in charitable care and gifts being raised for charitable care within the Community and distributed to other non-profit organizations in our local community.the charitable mission committee's nonprofit selection chair and fellow residents select a small group (5 to 7) of nonprofits from a list of 30 to 40 nonprofit grant applications to support each year. Led by residents, with assistance from team members of the charitable giving office, the charitable mission committee sets a fundraising goal. In 2022, this important committee disbursed $424,000 in cash. These funds were allocated as follows: $132,100 each, to barrier islands free medical clinic and lowcountry food bank, $80,100 each to james island outreach, low country orphan relief, $2,800 metonia, $2,250 turn90, $2,600 hallie hill animal sanctuary and charleston animal society. Additionally, $9,366 in in-kind items, plus 600 toys for habitat for humanity and toys for tots were donated. In addition to charitable causes that support outside organizations, residents and staff contribute to the strongheart employee education scholarship, with $99,808 being distributed to employees for education purposes and education debt elimination, as well as the employee assistance fund, which gave loans and grants in the net amount of $28,867. In addition, the employee assistance fund provided $11,400 in back-to-school funds for eligible employees.residents and staff contribute more than 10,300 volunteer hours to local and national charitable organizations, an investment of $308,176. Additionally, Bishop Gadsden's culinary department donated 19,691 pounds of food, equaling a gift of $33,499, and 29,536 meals. Executive staff also sit on Community boards such as roper st. francis, vantage point foundation, lowcountry association of fundraising professionals, sc/nc planned giving conference, sea island habitat for humanity, leadingage sc and we are sharing hope.

Grants made by Bishop Gadsden Episcopal Retirement Community

GranteeGrant descriptionAmount
Lowcountry Food BankGeneral Community Support$132,100
Barrier Islands Free Medical ClinicGeneral Community Support$132,100
James Island OutreachGeneral Community Support$80,100
...and 3 more grants made

Who funds Bishop Gadsden Episcopal Retirement Community

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$64,317
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$25,700
The Ayco Charitable FoundationCommunity & Human Services$12,000
...and 3 more grants received

Personnel at Bishop Gadsden Episcopal Retirement Community

NameTitleCompensation
Sarah TiptonPresident and Chief Executive Officer$354,701
Dan StewardChief Financial Officer
Lynne L KerrisonExecutive Vice President and Chief Financial Officer$344,888
Aaron RoopSenior Vice President of Operations$233,898
Bryan ProvidesVice President of Marketing and Public Relations
...and 19 more key personnel

Financials for Bishop Gadsden Episcopal Retirement Community

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,376,388
Program services$43,315,096
Investment income and dividends$1,493,025
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$3,912
Net gain from sale of non-inventory assets$-1,165
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$5,419
Miscellaneous revenues$194,782
Total revenues$48,387,457

Form 990s for Bishop Gadsden Episcopal Retirement Community

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-02990View PDF
2021-122022-08-22990View PDF
2020-122021-10-21990View PDF
2019-122021-02-22990View PDF
2018-122019-10-29990View PDF
...and 10 more Form 990s

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Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 3 new personnel
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $10,844 from Coastal Community Foundation
December 31, 2023
Used new vendors
Identified 1 new vendor, including
December 17, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Nursing homesHuman service organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human services
Characteristics
LobbyingReceives government fundingEndowed supportTax deductible donations
General information
Address
1 Bishop Gadsden Way
Charleston, SC 29412
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Website URL
bishopgadsden.org/ 
Phone
(843) 762-3300
Facebook page
Bishop-Gadsden 
Twitter profile
@bishopgadsden 
IRS details
EIN
57-0337132
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1943
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P75: Senior Continuing Care Communities
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Central organization
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