2024-10-18T16:40:11-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 825385916 CAROLINA MEADOWS FOUNDATION INC CARO 9199424014 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 KEVIN MCLEOD PRESIDENT AND CEO 9199424014 2024-10-16 1 1 KATHERINE A WARLICK P02065266 7049985200 2024-10-16 2023 2024-10-15 13:58:12Z KEVIN MCLEOD 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 1328689 0 X WWW.CAROLINAMEADOWS.ORG X 2018 NC TO SUPPORT CAROLINA MEADOWS, INC. THROUGH SOLICITATION OF FUNDS AND MANAGEMENT OF SUCH FUNDS OR PROPERTY TO SUPPORT THE PROGRAMS AND SERVICES OF CAROLINA MEADOWS. 8 8 0 0 0 0 1538640 1246852 0 0 -785 81837 0 0 1537855 1328689 685228 625248 0 0 21297 0 0 0 0 41267 4988 747792 630236 790063 698453 1509959 2326764 70787 83432 1439172 2243332 X TO SOLICIT AND RECEIVE GIFTS, GRANTS, BEQUESTS AND CONTRIBUTIONS FOR THE SUPPORT OF CAROLINA MEADOWS, INC. IN ORDER TO ENHANCE OR EXTEND ITS MISSION, PROGRAMS, SERVICES, AND FACILITIES. 1 0 625248 625248 THE MISSION OF CAROLINA MEADOWS FOUNDATION, INC. IS TO SOLICIT AND RECEIVE GIFTS, GRANTS, BEQUESTS AND CONTRIBUTIONS FOR THE SUPPORT OF CAROLINA MEADOWS, INC. AND CAROLINA MEADOWS HOME CARE TO ENHANCE OR EXTEND ITS MISSION, PROGRAMS, SERVICES, AND FACILITIES.PROGRAM SERVICES:FUNDRAISING - FOUNDATION CONTINUED TO COLLECT FUNDS, SHARPEN MESSAGES AND BROADEN ITS REACH TO THE CAROLINA MEADOWS COMMUNITY. FUNDRAISING IS PRIMARILY TO SOLICIT, ACCEPT AND ACQUIRE BY GIFT, DEVISE, BEQUEST OR OTHERWISE, DONATIONS OF MONEY AND PROPERTY FOR(CONTINUED ON SCHEDULE O)THE SUPPORT AND MAINTENANCE OF CAROLINA MEADOWS, INC. AND TO HOLD, MANAGE, ADMINISTER, USE, AND INVEST SUCH MONEY OR PROPERTY.THE FOUNDATION INITIATED A PILOT FOR CERTIFIED NURSING ASSISTANCE (CAN) SCHOLARS PROGRAM TO BENEFIT CAROLINA MEADOWS, INC. CAROLINA MEADOWS, INC. CONTINUES TO USE THIS PROGRAM TO SUPPORT EMPLOYEE TRAINING AS CERTIFIED NURSING ASSISTANTS, WORKING AS NURSES, UNTIL THEY COMPLETE THEIR CNA CERTIFICATION. AT THAT TIME, THE SCHOLARS BEGAN WORK AS CNAS IN VARIOUS SETTINGS ACROSS THE CAROLINA MEADOWS CAMPUS. IT WAS ALSO A PARTNERSHIP WITH CENTRAL CAROLINA COMMUNITY COLLEGE AND THEIR STATE-OF-THE-ART NEW CHATHAM HEALTH SERVICES CENTER LOCATED CLOSE TO CAROLINA MEADOWS. THE PROGRAM USED A UNIQUE APPROACH TO ADDRESS A CRITICAL SHORTAGE FOR CNAS, CONNECTED NEW CNAS WITH RETIRED RESIDENT NURSES AND BENEFITTED RESIDENTS ACROSS OUR ENTIRE COMMUNITY. THE PILOT WORKFORCE DEVELOPMENT PROGRAM WAS SUCCESSFUL, AND CAROLINA MEADOWS, INC. HAS SINCE OPERATIONALIZED THE PROGRAM WITHOUT FOUNDATION SUPPORT.THE FOUNDATION HAS AN EMPLOYEE EMERGENCY FUND WHICH WAS USED FOR AN EMPLOYEE EMERGENCY ASSISTANCE PROGRAM. THIS PROGRAM HELPS EMPLOYEES WITH UNEXPECTED CRITICAL EXPENSES THAT AFFECT THEIR ABILITY TO WORK AND/OR THEIR SAFETY AND WELLBEING. IN 2023, MORE THAN THIRTY EMPLOYEES RECEIVED ESSENTIAL SUPPORT THROUGH THIS PROGRAM. THESE FINANCIAL AWARDS WERE MADE DIRECTLY TO BUSINESSES TO COVER EMPLOYEE EXPENSES RELATED TO HOUSING, UTILITIES, HEALTH CARE AND TRANSPORTATION COSTS.THE FOUNDATION HELPED TO CREATE A NEW AMENITY ON THE CAMPUS OF CAROLINA MEADOWS, INC. CALLED THE MEMORIAL GROVE. IT WAS A RESIDENT-INITIATED PROJECT WHICH CAME TO FRUITION THROUGH THE FOUNDATION AND PRIVATE GIFTS TO THE FOUNDATION. THE MEMORIAL GROVE PROVIDES A PLACE OF BEAUTY AND SOLITUDE FOR THE REMEMBRANCE OF RESIDENTS OF CAROLINA MEADOWS WHO CHOOSE TO HAVE THEIR NAMES MEMORIALIZED AND/OR DESIGNATE MEMORIAL GROVE AS THE FINAL RESTING PLACE FOR THEIR ASHES. THE MEMORIAL AREA IS ACCENTED WITH FOUR CURVED STONE WALLS AND USES A PEDESTAL BACK PLATE SYSTEM FOR PERSONALZIED NAME PLAQUES. THE MEMORIAL GROVE NOW SERVES AS A RESTFUL AND PEACEFUL PLACE OF REMEMBRANCE AND MEDITATION FOR THOSE LOVED ONES WHO HAVE PASSED BEFORE US AND NOW IS A CHERISHED AND VALUED PLACE OF REFLECTION FOR THE RESIDENTS OF CAROLINA MEADOWS, INC.THE FOUNDATION ALSO ACCEPTED DONATIONS FOR SPECIFIC FUNDS THAT ENHANCE THE COMMUNITY, INCLUDING SUPPORT OF EMPLOYEE TEAM MEMBERS AND CONTINUED TO BROADEN THE COMMUNITY REACH. 625248 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARY LEVINE 9193707128 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 PAT MANDELL MEMBER 1.00 3.00 X X 0 0 0 BILL LEHRBURGER VICE CHAIR 1.00 3.00 X X 0 0 0 HUGH TILSON SECRETARY 1.00 5.00 X X 0 0 0 ROBIN MCDUFFIE TREASURER 1.00 5.00 X X 0 0 0 DR BRYAN MEMBER 1.00 4.00 X 0 0 0 JUDY JONES EX-OFFICIO 1.00 2.00 X 0 0 0 DICK HOFFERT CHAIR 2.00 1.00 X 0 0 0 SUSAN MINNIX MEMBER 1.00 X 0 0 0 BARBARA HARDIN MEMBER 1.00 X 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 5.00 43.00 X 0 364439 24712 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 2.00 46.00 X 0 253794 21695 AMY GORELY FORMER DIR. OF COMMUNITY AND CHAR 8.00 32.00 X 0 116066 19457 0 734299 65864 0 0 1 0 0 1246852 1246852 50524 50524 31313 0 31313 31313 31313 1328689 0 0 81837 592677 592677 32571 32571 3510 3510 BANK CHARGES 1023 1023 MISCELLANEOUS 455 455 630236 625248 4988 0 86945 316205 1423014 2010559 1509959 2326764 429 0 70358 83432 70787 83432 X 1366531 2076834 72641 166498 1439172 2243332 1509959 2326764 698453 105707 0 X 0 1 X 1 0 X X X 1 CAROLINA MEADOWS INC 561380014 10 1 592677 0 1 592677 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, LINE 6: GRANTS ARE AWARDED ONLY TO SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO CAROLINA MEADOWS 83432 83432 1 CAROLINA MEADOWS INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 561380014 501(C)(3) 592677 0 SUPPORT OF CAROLINA MEADOWS EFFORTS TO REWARD CAROLINA MEADOWS EMPLOYEES THAT SERVE CM RESIDENTS EMPLOYEE EMERGENCY ASSISTANCE 30 32325 AID PROVIDED TO EMPLOYEES FOR EMERGENCY NEEDS PART I, LINE 2: THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF CAROLINA MEADOWS, INC. AND ONLY PROVIDES ASSISTANCE TO CAROLINA MEADOWS IN SUPPORT OF ITS MISSION AND CHARITABLE ACTIVITIES. 0 0 0 0 0 0 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 0 348562 0 0 0 15877 0 17775 0 6937 0 389151 0 0 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 0 235122 0 12056 0 6616 0 12229 0 9466 0 275489 0 0 PART I, LINE 3 COMPENSATION OF THE ORGANIZATION'S CEO IS SET BY A RELATED ORGANIZATION. IN DETERMINING THE CEO'S COMPENSATION, SALARY SURVEY DATA IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING A VARIETY OF COMPARABILITY DATA AND SALARY SURVEY DATA. QUESTIONNAIRES RELATING TO THE CEO'S PERFORMANCE ARE ALSO COMPLETED BY SENIOR STAFF AND BOARD MEMBERS. USING THE SURVEY DATA AND QUESTIONNAIRES AS BENCHMARKS, THE EXECUTIVE COMMITTEE SETS THE CEO'S COMPENSATION BASED ON PERFORMANCE AND WITHIN ESTABLISHED SALARY RANGES. FORM 990, PART III, LINE 2 IN 2023, THE FOUNDATION LAUNCHED A PLANNED GIVING INITIATIVE CALLED THE LEGACY LEADERS PROGRAM. THOSE WHO COMMIT TO PLANNED GIFTS OF $25,000 AND ABOVE ARE RECOGNIZED AS LEGACY LEADERS WHO WISH TO MAKE AN IMPACT BEYOND THEIR LIFETIME TO CAROLINA MEADOWS FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 6 CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. IS THE SOLE MEMBER OF CAROLINA MEADOWS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. ELECTS MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC., AS SOLE MEMBER OF THE FOUNDATION, HAS THE RIGHT OF FINAL APPROVAL ON ALL MAJOR BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT, THE FOUNDATION BOARD AND THE PARENT BOARD AFTER PREPARATION BY INDEPENDENT TAX ACCOUNTANT. THE REVIEW IS CONDUCTED PRIOR TO FILING WITH THE IRS AND INVOLVES A THOROUGH EXAMINATION OF THE INFORMATION USED AS A BASIS FOR PREPARATION OF THE 990 BY THE INDEPENDENT TAX ACCOUNTANT AND THE DRAFT OF THE 990. ANY CHANGES ARE RECOMMENDED TO, AND REVIEWED BY, THE TAX ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C ALL ANNUAL SIGNED COI POLICY AFFIRMATIONS ARE REVIEWED BY CEO AND THE FULL BOARD. ANY DISCLOSED OR KNOWN CONFLICTS WOULD BE RESOLVED BY FULL BOARD. PERSONS WITH A CONFLICT MUST RECUSE THEMSELVES FROM DISCUSSIONS AND MEETINGS UNTIL RESOLUTION IS REACHED. IF NOT REACHED, CONFLICT MUST BE TERMINATED OR BOARD MEMBER OR STAFF MEMBER MUST RESIGN. COI POLICY APPLICABLE TO ALL BOARD MEMBERS AND SENIOR AND EXECUTIVE MANAGEMENT. BOARD MEMBERS ARE REQUIRED TO INFORM OF ANY DIRECT OR INDIRECT CONFLICT OF INTEREST WITH REGARD TO ANY TRANSACTION CONTEMPLATED BY THE BOD INCLUDING ACTIONS REGARDING TRANSACTIONS WITH ANY MATERIAL FINANCIAL INTEREST OR IN WHICH DIRECTOR SERVES AS A DIRECTOR, TRUSTEE, OFFICER OR PARTNER. A RESIDENT MEMBER OF THE BOARD OF HOME CARE MAY INCLUDE CAROLINA MEADOWS RESIDENTS WHO WILL NOT BE CONSIDERED TO HAVE A FINANCIAL CONFLICT OR INTEREST OF PURPOSES OF POLICY SOLELY DUE TO BEING A RESIDENT. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE CEO'S COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CAPITAL ASSOCIATED INDUSTRIES (CAI) INCLUDING THE NORTH CAROLINA ANNUAL WAGE AND SALARY SURVEY, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND GUIDESTAR EXECUTIVE COMPENSATION DATA. ASSESSMENT FORMS RATING THE CEO'S PERFORMANCE ARE ALSO COMPLETED BY MEMBERS OF ALL AFFILIATE BOARDS. USING THE SURVEY DATA AS BENCHMARKS AND THE COMPILED ASSESSMENT DATA AS AN INDICATOR OF PERFORMANCE MEASUREMENT, THE EXECUTIVE COMMITTEE RECOMMENDS TO THE FULL PARENT BOARD FOR APPROVAL OF THE TOTAL CEO COMPENSATION WITHIN THE BOARD ESTABLISHED SALARY RANGE FOR THE CEO POSITION. BASED ON SALARY AND TOTAL COMPENSATION DATA FROM CAPITAL ASSOCIATED INDUSTRIES, GUIDESTAR, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND LEADINGAGE SURVEY DATA, THE CEO SETS AND APPROVES COMPENSATION FOR THE CFO (PARENT CFO) WITHIN ESTABLISHED RANGES FOR THE ORGANIZATION BASED ON INPUT AND REVIEW FROM THE PARENT BOARD. THE SALARY AMOUNTS FOR THE CEO AND CFO ARE FURTHER REVIEWED BY THE FULL PARENT BOARD AS A MEASURE OF OVERSIGHT AND UNDERSTANDING OF TOTAL EXECUTIVE COMPENSATION FOR THE TOP EXECUTIVE POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED IN PUBLIC INSPECTION BINDER MADE AVAILABLE UPON REQUEST. DOCUMENTS INCLUDED IN THE BOARD OF DIRECTORS MINUTES WHERE APPLICABLE, SAME FOR GOVERNING DOCUMENTS AVAILABILITY. CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821792692 PARENT COMPANY TO AFFILIATED ORGANIZATIONS NC 501(C)(3) LINE 12B, II N/A 0 CAROLINA MEADOWS INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 561380014 CONTINUING CARE RETIREMENT COMMUNITY NC 501(C)(3) LINE 10 CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS HOME CARE INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821777558 HOME CARE PROVIDER NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821768377 PROVIDE MGMT DEVELOPMENT SERVICES TO SENIOR LIVING PROVIDERS AND FACILITIES NC CAROLINA MEADOWS SR COMM & SERVICES INC C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0