Bishop Gadsden Episcopal Retirement Community

What it reported doing in 2025

Charitable giving and generous spirit programs: throughout bishop gadsden's history, a commitment to giving has been on the forefront resulting in more $14.58 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 around 30 nonprofit grant applicants 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 2025, this important committee disbursed $300,000 in cash. These funds were allocated as follows: sea island habitat for humanity $100,000; saint james $100,000; ferguson village community $100,000; charleston rescue $3,000. Additionally, $32,050 in in-kind items, plus 5,000 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 $138,073 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 $64,930. In addition, the employee assistance fund provided 85 cards and $8,500 in back-to-school funds for eligible employees.residents and staff contribute more than 5,100 volunteer hours to local and national charitable organizations, an investment of $184,314. Additionally, bishop gadsden's culinary department donated 16,000 pounds of food, equaling a gift of $23,837. Executive staff also sit on community boards such as sc council of advisors on consumer credit, leadingage sc, and we are sharing hope sc.

Financial Efficiency

• Mission deployment rate: 78.9%; rating input score 79
• Program expense ratio: 84.6%; rating input score 85
• Fundraising efficiency: $9.8 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8.1%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 5.05; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.83; rating input score 16; 16th percentile among comparable filings
• Officer compensation ratio: 3.8%; rating input score 32; 32nd percentile among comparable filings

Growth

• Program expense growth: 11.6% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 7.6% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 55th percentile among comparable filings