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Big Elm Retirement Center Inc

  • Kannapolis, NC
  • Tax-exempt since Nov. 1980
  • EIN: 56-1273797

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$295k (2023)

Expenses
$296k (2023)

Total Assets
$1.37M (2023)

Total Liabilities
$480 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$294,804
Expenses
$295,671
Net Income
-$867
Net Assets
$1,367,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,335
6.6%
Program Services $0
Investment Income $3,571
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $271,898
92.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,311
25.1%
Professional Fundraising Fees $0
Other Salaries and Wages $50,563
17.1%
Assets/Debt
Total Assets $1,367,647
Total Liabilities $480
Net Assets $1,367,167
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $15,188 $59,123 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Greg Sloop (Director) $0 $0 $0
Rebecca Osborne (Director) $0 $0 $0
Eddie Heglar (Director) $0 $0 $0
Steve Owens (Director) $0 $0 $0
Judy Palmquist (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$289,088
Expenses
$308,198
Net Income
-$19,110
Net Assets
$1,368,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,489
6.7%
Program Services $0
Investment Income $1,234
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $268,365
92.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $78,313
25.4%
Professional Fundraising Fees $0
Other Salaries and Wages $55,088
17.9%
Assets/Debt
Total Assets $1,368,035
Total Liabilities $0
Net Assets $1,368,035
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $15,188 $63,125 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Greg Sloop (Director) $0 $0 $0
Rebecca Osborne (Director) $0 $0 $0
Eddie Heglar (Director) $0 $0 $0
Steve Owens (Director) $0 $0 $0
Judy Palmquist (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 1, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,262
Expenses
$283,219
Net Income
$3,043
Net Assets
$1,387,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,476
6.1%
Program Services $0
Investment Income $1,326
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $267,460
93.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,065
23.3%
Professional Fundraising Fees $0
Other Salaries and Wages $52,205
18.4%
Assets/Debt
Total Assets $1,387,145
Total Liabilities $0
Net Assets $1,387,145
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $14,565 $51,500 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
Rebecca Ketner (Director) $0 $0 $0
Eddie Heglar (Director) $0 $0 $0
Steve Owens (Director) $0 $0 $0
Judy Palmquist (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,075
Expenses
$317,163
Net Income
-$41,088
Net Assets
$1,384,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,992
5.4%
Program Services $0
Investment Income $1,917
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $259,166
93.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,428
25.0%
Professional Fundraising Fees $0
Other Salaries and Wages $62,359
19.7%
Assets/Debt
Total Assets $1,384,102
Total Liabilities $0
Net Assets $1,384,102
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $15,188 $64,240 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
Rebecca Ketner (Director) $0 $0 $0
Eddie Heglar (Director) $0 $0 $0
Steve Owens (Director) $0 $0 $0
Judy Palmquist (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 29, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$260,679
Expenses
$299,781
Net Income
-$39,102
Net Assets
$1,425,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,015
4.6%
Program Services $0
Investment Income $3,633
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $245,031
94.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,130
22.1%
Professional Fundraising Fees $0
Other Salaries and Wages $65,681
21.9%
Assets/Debt
Total Assets $1,425,190
Total Liabilities $0
Net Assets $1,425,190
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $14,478 $51,652 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
Rebecca Ketner (Director) $0 $0 $0
Eddie Heglar (Director) $0 $0 $0
Steve Owens (Director) $0 $0 $0
Judy Palmquist (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 29, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$249,939
Expenses
$284,470
Net Income
-$34,531
Net Assets
$1,464,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,420
3.8%
Program Services $0
Investment Income $3,178
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $237,341
95.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,770
24.9%
Professional Fundraising Fees $0
Other Salaries and Wages $53,864
18.9%
Assets/Debt
Total Assets $1,464,292
Total Liabilities $0
Net Assets $1,464,292
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $13,942 $56,828 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,517
Expenses
$410,072
Net Income
-$178,555
Net Assets
$1,498,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,860
4.3%
Program Services $0
Investment Income $4,409
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $217,248
93.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $73,893
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $57,412
14.0%
Assets/Debt
Total Assets $1,498,821
Total Liabilities $0
Net Assets $1,498,821
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $13,406 $60,487 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,792
Expenses
$287,572
Net Income
$19,220
Net Assets
$1,677,378
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,278
2.0%
Program Services $0
Investment Income $4,906
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $295,608
96.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,986
19.1%
Professional Fundraising Fees $0
Other Salaries and Wages $59,977
20.9%
Assets/Debt
Total Assets $1,678,051
Total Liabilities $673
Net Assets $1,677,378
Compensation
Key Employees and Officers Compensation Related Other
Rebecca Barnes (Executive Director) $14,478 $40,508 $0
Pat Palmquist (President) $0 $0 $0
Gary Holman (Director) $0 $0 $0
John Taylor (Chairman) $0 $0 $0
Sam Crisp (Director) $0 $0 $0
Larry Ballard (Director) $0 $0 $0
Don Newton (Director) $0 $0 $0
Gary Sloop (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,895
Expenses
$249,888
Net Income
-$19,993
Net Assets
$1,658,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,419
2.8%
Program Services $0
Investment Income $4,053
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $219,423
95.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,427
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $48,479
19.4%
Assets/Debt
Total Assets $1,658,158
Total Liabilities $0
Net Assets $1,658,158

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,564
Expenses
$239,411
Net Income
-$23,847
Net Assets
$1,678,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,134
1.9%
Program Services $0
Investment Income $717
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,713
97.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,258
26.8%
Professional Fundraising Fees $0
Other Salaries and Wages $40,050
16.7%
Assets/Debt
Total Assets $1,678,151
Total Liabilities $0
Net Assets $1,678,151

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,038
Expenses
$216,852
Net Income
-$31,814
Net Assets
$1,701,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,174
3.9%
Program Services $0
Investment Income $1,608
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $176,256
95.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,143
31.4%
Professional Fundraising Fees $0
Other Salaries and Wages $31,710
14.6%
Assets/Debt
Total Assets $1,701,998
Total Liabilities $0
Net Assets $1,701,998

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$199,078
Expenses
$211,712
Net Income
-$12,634
Net Assets
$1,733,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,785
2.9%
Program Services $0
Investment Income $1,477
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $191,816
96.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $58,477
27.6%
Professional Fundraising Fees $0
Other Salaries and Wages $23,378
11.0%
Assets/Debt
Total Assets $1,734,279
Total Liabilities $467
Net Assets $1,733,812

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,586
Expenses
$271,822
Net Income
$12,764
Net Assets
$1,746,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,458
1.2%
Program Services $0
Investment Income $1,780
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $279,348
98.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $63,006
23.2%
Professional Fundraising Fees $0
Other Salaries and Wages $15,764
5.8%
Assets/Debt
Total Assets $1,746,751
Total Liabilities $305
Net Assets $1,746,446

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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