2024-04-26T16:45:36-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 204262143 THE CAROL WOODS CHARITABLE FUND INC CARO 9199684511 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 KENNETH G REEB JR TREASURER 9199684511 2024-04-25 1 KENNETH REEB JR 999009999 0 JOHN NORMAN P01506766 7049985200 2024-04-25 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z KENNETH G REEB JR 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 396721 0 X N/A X 2006 NC PROVIDE SUPPORT TO THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC. 7 5 0 0 0 0 247242 396694 0 0 58 27 0 0 247300 396721 267405 140647 0 0 0 0 0 0 0 6428 2448 273833 143095 -26533 253626 2273420 2528821 925 2700 2272495 2526121 X TO PROVIDE SUPPORT TO THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC D/B/A THE CAROL WOODS RETIREMENT COMMUNITY, A 501(C)(3) ORGANIZATION. 0 0 140647 140647 AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, SUPPORT WAS PROVIDED IN VARIOUS WAYS. THE CHARITABLE FUND PROVIDED $11,334 IN SUPPORT TO VARIOUS CAMPUS NEEDS OF CAROL WOODS, INCLUDING MAINTENANCE OF GIFTED GARDENS. IT PROVIDED $17,125 IN SUPPORT OF CAROL WOODS' TUITION ASSISTANCE PROGRAM FOR CAREER GROWTH OFCAROL WOODS' EMPLOYEES. IT PROVIDED $8,216 IN ASSISTANCE TO EMPLOYEES EXPERIENCING FINANCIAL HARDSHIP THROUGH A STAFF HARDSHIP FUND. IT PROVIDED $34,812 TO SUPPORT INTERNSHIPS AND OTHER WORK-STUDY OPPORTUNITIES TO EXPOSE YOUNGER PERSONS WHO ARE NOT EMPLOYEES TO THE PROSPECTS OF CAREERS IN SERVING SENIORS. (CONTINUED ON SCHEDULE O)AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, THE CHARITABLE FUND PROVIDED $60,000 IN SUPPORT OF THE CAROL WOODS RESIDENT ASSOCIATION, SUPPORTING THE BUDGETS OF A VARIETY OF RESIDENT COMMITTEES INVOLVED IN ENRICHING THE LIVES OF THE RESIDENTS OF THE COMMUNITY. 140647 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X KENNETH REEB JR 9199183280 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 MARLENE RIFKIN VICE PRESIDENT OF THE BOARD 1.00 X X 0 0 0 KENNETH REEB JR TREASURER 1.00 39.00 X X 0 229208 17893 CURT MCLAUGHLIN RESIDENT/PRESIDENT OF THE BOARD 1.00 X X 0 0 0 MARIANNE RATCLIFFE PRESIDENT AND CEO 1.00 39.00 X X 0 289192 19972 MARIAN STEPHENSON RESIDENT/VOTING BOARD MEMB 1.00 X 0 0 0 CRYSTAL TORAIN BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 MARAGETE SANDELOWSKI RESIDENT/VOTING BOARD MEMBER 1.00 X 0 0 0 SUE COPPOLA BOARD MEMBER 0.00 X 0 0 0 0 518400 37865 2 0 1 0 0 396694 396694 27 27 396721 27 0 0 140647 140647 2448 2448 143095 140647 2448 0 2272820 2528386 600 435 2273420 2528821 925 2700 925 2700 X 782873 787201 1489622 1738920 2272495 2526121 2273420 2528821 253626 0 X 0 1 X 1 0 X X X 1 THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC 237271041 10 1 80647 0 1 80647 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: THE CAROL WOODS CHARITABLE FUND ALSO PROVIDES SUPPORT TO THE CAROL WOODS RESIDENTS ASSOCIATION TO SUPPORT THE ANNUAL BUDGET OF THE CAROL WOODS RESIDENTS COUNCIL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOLLOWING IS THE FOOTNOTE FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR CAROL WOODS AND THE CHARITABLE FUND: CAROL WOODS AND THE CHARITABLE FUND ARE NONPROFIT CORPORATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). THE CHARITABLE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES BY VIRTUE OF BEING ORGANIZED AND OPERATED FOR THE PURPOSE OF SUPPORTING THE CENTER THROUGH ITS 501(C)(3) STATUS. CAROL WOODS AND THE CHARITABLE FUND FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CAROL WOODS OR THE CHARITABLE FUND. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR CAROL WOODS OR THE CHARITABLE FUND. 1 THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 237271041 501(C)(3) 80647 0 REIMBURSEMENT FOR CHARITABLE EXPENSES INCLUDING RESIDENT ASSISTANCE, EMPLOYEE DEVELOPMENT AND GIFTED GARDEN MAINTENANCE. THE CAROL WOODS RESIDENT ASSOCIATION 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 542114743 501(C)(7) 60000 0 SUPPORT FOR RESIDENT ACTIVITIES THROUGH ANNUAL COUNCIL BUDGET. 1 1 PART I, LINE 2: IN GENERAL, THE ONLY ENTITIES TO WHOM THE CHARITABLE FUND PROVIDES ASSISTANCE IS TO CAROL WOODS AND THE CAROL WOODS RESIDENT ASSOCIATION. FOR BOTH, THE USES OF THE SUPPORT ARE WELL DOCUMENTED. 0 0 0 0 0 0 0 0 0 MARIANNE RATCLIFFE PRESIDENT AND CEO 0 289192 0 0 0 0 0 0 0 19972 0 309164 0 0 KENNETH REEB JR TREASURER 0 229208 0 0 0 0 0 0 0 17893 0 247101 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. IT RELIES ON THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC., A RELATED ORGANIZATION, TO SET AND REMIT COMPENSATION TO ITS OFFICERS. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE INDIVIDUALS LISTED ON SCHEDULE J: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 47720 CASH PROCEEDS 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS OF THE ORGANIZATION SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC (D/B/A CAROL WOODS RETIREMENT COMMUNITY) A MAJORITY OF THE DIRECTORS SHALL BE PERSONS WHO ARE NOT "DISQUALIFIED PERSONS" AS THAT TERM IS DEFINED IN SECTION 4946 OF THE INTERNAL REVENUE CODE AT LEAST THREE OF THE DIRECTORS OF THE BOARD OF THE ORGANIZATION AT ANY TIME SHALL BE CURRENT MEMBERS OF THE CAROL WOODS BOARD FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS A POLICY WHEREBY ELECTRONIC OR PAPER COPIES OF FORM 990 WILL BE PROVIDED TO EACH MEMBER OF THE BOARD PRIOR TO ITS FILING WITH THE IRS. THE FORM 990 IS FORMALLY ACCEPTED BY THE BOARD AT A SUBSEQUENT BOARD MEETING, AND PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFILCT OF INTEREST POLICY BY: 1) DISCUSSING THE POLICY INITIALLY WITH BOARD CANDIDATES PRIOR TO BEING NOMINATED; 2) REVIEWING THE POLICY ANNUALLY WITH EACH BOARD MEMBER; 3) ASKING EACH BOARD MEMBER ANNUALLY TO SIGN A STATEMENT INDICATING THAT HE/SHE HAS READ AND UNDERSTANDS THE POLICY; AND 4) ASKING EACH BOARD MEMBER ANNUALLY TO DISCLOSE IN WRITING ANY ORGANIZATIONAL RELATIONSHIP OR OTHER ACTIVITY OR INTEREST THAT MIGHT POSSIBLY CONSITUTE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. IT RELIES ON THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC., A RELATED ORGANIZATION, TO SET AND REMIT COMPENSATION TO ITS OFFICERS. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE INDIVIDUALS LISTED ON FORM 990, PART VII, LINE 1: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS EXPLAINED IN AN ANNUAL DISCLOSURE STATEMENT FILED WITH THE NC DEPT OF INSURANCE, AND THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS ARE INCLUDED AS AN APPENDIX TO THAT DISCLOSURE STATEMENT, WHICH IS AVAILABLE TO THE PUBLIC ON THE WEBSITE OF THE NC DEPT OF INSURANCE. THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 237271041 CONTINUING CARE RETIREMENT COMMUNITY NC 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CAROL WOODS RESIDENT ASSOCIATION B ACTUAL AMOUNTS GIVEN CAROL WOODS RETIREMENT COMMUNITY B ACTUAL AMOUNTS GIVEN