2025-10-30T08:45:17-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 825385916 CAROLINA MEADOWS FOUNDATION INC CARO 9199424014 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 KEVIN MCLEOD PRESIDENT AND CEO 9199424014 2025-10-28 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-10-27 2024 2025-03-06 01:10:19Z KEVIN MCLEOD 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 3483362 0 X WWW.CAROLINAMEADOWS.ORG X 2018 NC TO SUPPORT THE PROGRAMS AND SERVICES OF CAROLINA MEADOWS. 9 9 0 10 0 0 1246852 942866 0 0 81837 261245 0 0 1328689 1204111 625248 535129 0 0 0 0 0 0 0 4988 18531 630236 553660 698453 650451 2326764 2892448 83432 8320 2243332 2884128 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. 0 0 535129 535129 THE MISSION OF CAROLINA MEADOWS FOUNDATION, INC. IS TO SOLICIT AND RECEIVE GIFTS, GRANTS, BEQUESTS AND CONTRIBUTIONS FOR THE SUPPORT OF CAROLINA MEADOWS, INC. (CMI) IN ORDER TO ENHANCE OR EXTEND ITS MISSION, PROGRAMS, SERVICES, AND FACILITIES.THE FOUNDATION CONTINUES TO COLLECT FUNDS, SHARPEN MESSAGES, AND BROADEN ITS REACH TO THE CAROLINA MEADOWS COMMUNITY USING DONORPERFECT DONOR MANAGEMENT SYSTEM, SPEAKING ENGAGEMENTS, AND MONTHLY NEWSLETTER SUBMISSIONS. FUNDRAISING IS PRIMARILY TO SOLICIT, ACCEPT AND ACQUIRE BY GIFT, DEVISE, BEQUEST OR OTHERWISE, DONATIONS OF MONEY AND PROPERTY FOR THE SUPPORT AND MAINTENANCE OF CAROLINA MEADOWS, INC. AND TO HOLD, (CONTINUED ON SCHEDULE O)MANAGE, ADMINISTER, USE, AND INVEST SUCH MONEY OR PROPERTY.THE FOUNDATION ACCEPTS DONATIONS FOR SPECIFIC FUNDS THAT ENHANCE THE COMMUNITY THROUGH ITS PROGRAMMING, AMENITIES, AND FUNDS FOR EMPLOYEES OR RESIDENTS FACING FINANCIAL HARDSHIP. IN 2024, GIFTS TO THE FOUNDATION SUPPORTED THE FOLLOWING COMMUNITY ENHANCEMENT PROJECTS THAT WOULD OTHERWISE NOT HAVE BEEN FUNDED THROUGH CMI OPERATING FUNDS:INSTALLATION OF SOLAR PANELS ON CMI'S PLANT OPERATIONS BUILDINGPURCHASE OF AN EV WHEELCHAIR ACCESSIBLE VAN FOR TRANSPORTING RESIDENTS AND INSTALLATION OF TWO EV CHARGING STATIONS FOR RESIDENTS, EMPLOYEES, OR GUESTS. EXPANSION AND INSTALLATION OF A RAMP TO CMI'S AUDITORIUM STAGEPURCHASE OF PORTABLE SOUNDS SYSTEMS FOR CMI'S APARTMENT BUILDINGS FOR USE AT RESIDENT PRECINCT MEETINGS AND OTHER LARGE GATHERINGS THAT NECESSITATE THE USE OF A MICROPHONETHE EMPLOYEE EMERGENCY ASSISTANCE FUND SUPPORTS EMPLOYEES WITH UNEXPECTED CRITICAL EXPENSES THAT AFFECT THEIR ABILITY TO WORK. IN 2024, ELEVEN EMPLOYEES RECEIVED ESSENTIAL SUPPORT THROUGH THIS PROGRAM. THESE FINANCIAL AWARDS WERE MADE DIRECTLY TO BUSINESSES/VENDORS TO COVER EMPLOYEE EXPENSES RELATED TO HOUSING, UTILITIES, AND TRANSPORTATION COSTS.TO ENCOURAGE A CULTURE OF PHILANTHROPY ON CAMPUS WITH A PARTICULAR FOCUS ON PLANNED GIVING, THE FOUNDATION LAUNCHED ITS LEGACY LEADERS PROGRAM IN LATE 2023 TO RECOGNIZE DONORS WHO DESIGNATE THE FOUNDATION AS A BENEFICIARY OR IN THEIR ESTATE, TRUST OR WILL AT A PARTICULAR GIVING LEVEL. THE RESULTING MOMENTUM FOR PLANNED GIVING ENCOURAGED THE FOUNDATION TO DISCUSS DONOR NAMING OPPORTUNITIES FOR CMI'S NEW SKILLED NURSING FACILITY THAT IS CURRENTLY UNDER CONSTRUCTION. 535129 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 DICK HOFFERT CHAIR 2.00 1.00 X X 0 0 0 HUGH TILSON SECRETARY 1.00 6.00 X X 0 0 0 ROBIN MCDUFFIE TREASURER 1.00 4.00 X X 0 0 0 DR BRYAN MEMBER 1.00 4.00 X 0 0 0 BARBARA HARDIN MEMBER 2.00 0.00 X 0 0 0 JUDY JONES MEMBER 2.00 3.00 X 0 0 0 RALPH KARPINOS MEMBER 1.00 3.00 X 0 0 0 SUSAN MINNIX MEMBER 2.00 0.00 X 0 0 0 AARON SILVERSTONE MEMBER 1.00 3.00 X 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 5.00 43.00 X 0 463121 22441 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 5.00 43.00 X 0 282241 22335 0 745362 44776 0 0 1 0 0 17082 925784 942866 94007 94007 2446489 2279251 167238 167238 167238 1204111 0 0 261245 105082 105082 430047 430047 203 203 3938 3938 1766 1766 BANK CHARGES 6901 6901 MISCELLANEOUS 5723 5723 553660 535129 18531 0 316205 131630 2010559 2760818 2326764 2892448 0 174 83432 8146 83432 8320 X 2076834 2762034 166498 122094 2243332 2884128 2326764 2892448 650451 -9655 0 X 0 1 X 1 0 X X X 1 CAROLINA MEADOWS INC 561380014 10 1 523350 0 1 523350 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 8146 8146 X PART X, LINE 2: CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC., CAROLINA MEADOWS HOME CARE, INC., CAROLINA MEADOWS FOUNDATION, INC., AND CAROLINA MEADOWS, INC. ARE NONPROFIT, TAX-EXEMPT ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES, INC., A TAXABLE CORPORATION, UTILIZES THE LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES IN ACCORDANCE WITH STANDARDS ON ACCOUNTING FOR INCOME TAXES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CAROLINA MEADOWS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. CAROLINA MEADOWS FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON CAROLINA MEADOWS' CONSOLIDATED FINANCIAL STATEMENTS. CAROLINA MEADOWS HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFIT OR OBLIGATION AS OF DECEMBER 31, 2024 1 CAROLINA MEADOWS INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 561380014 501(C)(3) 90000 0 SUPPORT OF CAROLINA MEADOWS' PROGRAMS AND EMPLOYEES THAT SERVE RESIDENTS 1 EMPLOYEE EMERGENCY ASSISTANCE 11 8627 TEAM MEMBER AWARDS AND RECOGNITION 525 420850 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 408792 0 41481 0 12848 0 19492 0 2949 0 485562 0 0 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 0 244756 0 30869 0 6616 0 12719 0 9616 0 304576 0 0 PART I, LINE 3 COMPENSATION OF THE ORGANIZATION'S CEO IS SET BY THE RELATED PAARENT ORGANIZATION. IN DETERMINING THE CEO'S COMPENSATION, SALARY SURVEY DATA ARE COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT 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 WITHING ESTABLISHED SALARY RANGES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 2024. 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 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED IN PUBLIC INSPECTION BINDER AND MADE AVAILABLE UPON REQUEST. DOCUMENTS ARE ALSO INCLUDED IN THE BOARD OF DIRECTORS MINUTES WHERE APPLICABLE. 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