Form 990 for tax year 2024

Totals

Total revenue

$1,204,111

Total expenses

$553,660

Contributions and grants received

$942,866

Grants paid

$535,129

Program service revenue

$0

Investment income

$261,245

Other revenue

$0

Total assets, end of year

$2,892,448

Total liabilities, end of year

$8,320

Net assets or fund balances, end of year

$2,884,128

Program services expenses (Part IX)

$535,129

Management and general expenses

$18,531

Fundraising expenses

$0

Program service expenses (Part III)

$535,129

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• 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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• CAROLINA MEADOWS INC

  $90,000

  SUPPORT OF CAROLINA MEADOWS' PROGRAMS AND EMPLOYEES THAT SERVE RESIDENTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES INC

  501(C)(3) · PARENT COMPANY TO AFFILIATED ORGANIZATIONS · NC

• CAROLINA MEADOWS INC

  501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NC

  Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC

• CAROLINA MEADOWS HOME CARE INC

  501(C)(3) · HOME CARE PROVIDER · NC

  Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

28 October 2025

IRS schema version

2024v5.2

Source object

202503039349301300

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