Nonprofit · EIN 82-5385916
CAROLINA MEADOWS FOUNDATION INC
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,204,111 | $553,660 | $650,451 | $2,892,448 | $8,320 | $2,884,128 |
| December 31, 2023 | 990 | $1,328,689 | $630,236 | $698,453 | $2,326,764 | $83,432 | $2,243,332 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $942,866
- Program service revenue
- $0
- Investment income
- $261,245
- Net gain from sales of assets
- $167,238
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $535,129
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $203
- Accounting fees
- $3,938
- Program services (functional)
- $535,129
- Management and general (functional)
- $18,531
Balance sheet and other
- Total assets, start of year
- $2,326,764
- Total assets, end of year
- $2,892,448
- Total liabilities, end of year
- $8,320
- Net assets, end of year
- $2,884,128
- Publicly traded securities
- $2,760,818
- Net assets without donor restrictions
- $2,762,034
- Net assets with donor restrictions
- $122,094
- Gross receipts
- $3,483,362
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2018
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN MCLEOD | PRESIDENT AND CEO Officer | 5 | $0 | $463,121 | $22,441 |
| GARY LEVINE | EXECUTIVE VICE PRESIDENT AND CFO Officer | 5 | $0 | $282,241 | $22,335 |
| DICK HOFFERT | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| HUGH TILSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBIN MCDUFFIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR BRYAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA HARDIN | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JUDY JONES | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RALPH KARPINOS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN MINNIX | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| AARON SILVERSTONE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN MCLEOD | PRESIDENT AND CEO Officer | 5 | $0 | $364,439 | $24,712 |
| GARY LEVINE | EXECUTIVE VICE PRESIDENT AND CFO Officer | 2 | $0 | $253,794 | $21,695 |
| AMY GORELY | FORMER DIR. OF COMMUNITY AND CHAR Highest-paid employee | 8 | $0 | $116,066 | $19,457 |
| PAT MANDELL | MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILL LEHRBURGER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HUGH TILSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBIN MCDUFFIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR BRYAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JUDY JONES | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
| DICK HOFFERT | CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| SUSAN MINNIX | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA HARDIN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 CAROLINA MDWS, CHAPEL HILL, NC 27517-8507
- In care of
- % KEVIN MCLEOD
- Principal officer (990 for 2024)
- KEVIN MCLEOD, 100 CAROLINA MEADOWS, CHAPEL HILL, NC 27517
- Signed the 990
- KEVIN MCLEOD, PRESIDENT AND CEO
- Phone
- (919) 942-4014
- Website
- WWW.CAROLINAMEADOWS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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.Expenses $535,129 · grants $535,129
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-5385916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $2,892,448
- Income (IRS master file)
- $3,483,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,204,111 | $553,660 | $2,892,448 | XML |
| 990 | December 2023 | $1,328,689 | $630,236 | $2,326,764 | XML |
| 990 | December 2022 | $1,537,855 | $747,792 | $1,509,959 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5385916).
Questions about CAROLINA MEADOWS FOUNDATION INC
- What is the EIN of CAROLINA MEADOWS FOUNDATION INC?
- The employer identification number (EIN) of CAROLINA MEADOWS FOUNDATION INC is 82-5385916.
- Is CAROLINA MEADOWS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CAROLINA MEADOWS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CAROLINA MEADOWS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA MEADOWS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA MEADOWS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAROLINA MEADOWS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KEVIN MCLEOD.
- Who are the officers and directors of CAROLINA MEADOWS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does CAROLINA MEADOWS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,204,111, expenses of $553,660 and total assets of $2,892,448 at year end.
Other nonprofits in CHAPEL HILL
- CAROLINA MEADOWS INC EIN 56-1380014 · last filed 990 for 2024
- CEDARS OF CHAPEL HILL CLUB INC EIN 56-2161782 · last filed 990 for 2025
- EMPOWERMENT INC EIN 56-1965772 · last filed 990 for 2024
- CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES INC EIN 82-1792692 · last filed 990 for 2024
- CHARLES HOUSE ASSOCIATION EIN 58-1582881 · last filed 990 for 2024
- BEAUTIFUL TOGETHER EIN 47-4273597 · last filed 990 for 2024
- CHILDCARE MATTERS INC EIN 26-3994822 · last filed 990 for 2025
- FIRST BAPTIST AND MANLEY ESTATES INC EIN 56-2149352 · last filed 990 for 2024
All nonprofits in CHAPEL HILL · North Carolina · Human services