Bishop Gadsden Episcopal Retirement Community is a 501(c)(3) organization based in Charleston, South Carolina, registered in 1943, with $70,071,826 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
Revenue (FY2024)
$70.1M
▲ 10.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$71.8M
Net assets
$59.1M
Employees
878
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bishop Gadsden Episcopal Retirement Community: 85% to programs · $15 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bishop Gadsden Episcopal Retirement Community: 10 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bishop Gadsden Episcopal Retirement Community: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bishop Gadsden Episcopal Retirement Community: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Operation of a faith-based retirement facility providing housing and health care services
Charitable giving and generous spirit programs: throughout bishop gadsden's history, a commitment to giving has been on the forefront resulting in more $14.5 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 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 2024, this important committee disbursed $342,000 in cash. these funds were allocated as follows: barrier islands free medical clinic - $100,000; dee norton child advocacy center - $75,000; james island outreach - $95,000; lowcountry veterans home - $60,000; respite care charleston - $3,000; coastal crisis chaplaincy - $9,000. additionally, $13,500 in in-kind items, plus 5000 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 $130,219 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 $58,069. in addition, the employee assistance fund provided 81 cards and 8100 in back-to-school funds for eligible employees.residents and staff contribute more than 4,600 volunteer hours to local and national charitable organizations, an investment of $144,007. additionally, bishop gadsden's culinary department donated 22,192 pounds of food, equaling a gift of $33,288, and 18,494 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.
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 nearly $6 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 across 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 2024, approximately $425,000 was distributed in financial assistance.
Revenue grew from $32.4M (FY2013) to $70.1M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-2.5%
Spent more than it raised in the latest fiscal year.
Total assets
$337.1M
Total liabilities
$278.0M
Net assets
$59.1M
Salaries & benefits
$35.5M
49% of expenses
Board members
12
12 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,071,826▲10.8% | $71,844,613▲7.0% | $59,134,395▲3.3% | $337,102,076▲8.9% | 990 |
| 2023 | $63,216,970▲30.6% | $67,172,375▲21.0% | $57,225,469▲3.5% | $309,485,590▲5.7% | 990 |
| 2022 | $48,387,457▼4.8% | $55,493,685▲27.6% | $55,313,926▼17.6% | $292,676,122▼0.3% | 990 |
| 2021 | $50,827,097▲12.7% | $43,478,904▲6.7% | $67,156,246▲22.7% | $293,506,409▲15.8% | 990 |
| 2020 | $45,090,062▲2.1% | $40,756,595▲5.8% | $54,721,406▲1.8% | $253,426,353▲5.5% | 990 |
| 2019 | $44,144,815▲11.0% | $38,535,071▲6.7% | $53,736,243▲32.0% | $240,251,184▲38.5% | 990 |
| 2018 | $39,768,263▲7.0% | $36,110,128▲3.1% | $40,698,614▼1.6% | $173,478,933▼1.0% | 990 |
| 2017 | $37,149,611▲10.4% | $35,026,510▲6.3% | $41,359,728▲20.4% | $175,231,710▲1.7% | 990 |
| 2016 | $33,657,327▲10.5% | $32,947,765▲18.0% | $34,344,613▲6.4% | $172,287,131▼1.6% | 990 |
| 2015 | $30,463,553▼1.9% | $27,911,958▲2.2% | $32,280,516▼0.3% | $175,171,600▲15.1% | 990 |
| 2014 | $31,067,337▼4.1% | $27,310,916▲5.4% | $32,378,944▲10.3% | $152,135,498▲13.2% | 990 |
| 2013 | $32,396,952 | $25,909,173▲5.4% | $29,355,123▲60.8% | $134,360,370▲5.0% | 990 |
| 2011 | — | $24,571,119▲0.7% | $18,251,588▲4.4% | $128,018,302▼0.3% | 990 |
| 2010 | — | $24,397,356 | $17,484,197 | $128,455,524 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Sarah E H Tipton — $418,070 (0.58% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sarah E H Tipton | Ceo/president | 40 | $418,070 |
| Lynne L Kerrison | Evp/cfo | 40 | $383,641 |
| Aaron D Roop | Sr. Vp | 40 | $272,681 |
| Jonna Cook | Vp of Health Services | 50 | $215,494 |
| Theodore Lu | Vp of Human Resources | 50 | $206,992 |
| Kimberly Borts | Vp Mission & Comm | 40 | $193,138 |
| Daniel F Larrabee | Vp Facility Operations | 50 | $184,443 |
| James A Epper | Vp of Culinary Services | 50 | $167,877 |
| Katherine Jayne | Vp of Community Life & Compliance | 50 | $154,020 |
| Ruth Evans | Medicare Analytics Manager | 50 | $143,117 |
| Ryan Bentley | Asst Dir/exec Chef Culinary | 50 | $142,587 |
| Evan Roberts | Director, Clinical Excellence | 50 | $129,796 |
| Brian Hussain | Secretary/treasurer | 1.5 | — |
| Dr David Adams Md | Board Member | 1 | — |
| Dr Patrick J Kelly Md | Vice Chair | 1.5 | — |
| Greg Jones | Board Member | 1 | — |
| Heyward Carter Jr Esq | Board Member | 1 | — |
| Joanne M Hill | Board Member | 1 | — |
| Katherine Robinson | Board Member | 1 | — |
| Melinda Lucka Kelley Esquire | Chair | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| S K Burt Construction LLC | Construction Services | $2,503,109 |
| Turf Techs LLC | Landscaping Services | $1,047,066 |
| Samet Corporation | Construction Services | $745,201 |
| Rlps Architects | Architects | $570,516 |
| Kare Technologies LLC | Staffing Services | $450,705 |
42 grants to Bishop Gadsden Episcopal Retirement Community totaling $757K, reported by foundations on their Schedule I filings — showing the 15 most recent.
4 grants totaling $330K in FY2024. All grants made by Bishop Gadsden Episcopal Retirement Community →
| Recipient | Purpose | Amount |
|---|---|---|
| Barrier Islands Free Medical Clinic | General community support | $100,000 |
| James Island Outreach | General community support | $95,000 |
| The Dee Norton Lowcountry Childrens Center Inc | General community support | $75,000 |
| Lowcountry Veterans Home | General community support | $60,000 |
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Data for Bishop Gadsden Episcopal Retirement Community (EIN 57-0337132) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.