Form 990 for tax year 2022

Totals

Total revenue

$1,537,855

Total expenses

$747,792

Contributions and grants received

$1,538,640

Grants paid

$685,228

Program service revenue

$0

Investment income

-$785

Other revenue

$0

Total assets, end of year

$1,509,959

Total liabilities, end of year

$70,787

Net assets or fund balances, end of year

$1,439,172

Program services expenses (Part IX)

$685,228

Management and general expenses

$62,564

Fundraising expenses

$0

Program service expenses (Part III)

$685,228

Program services were 91.6% 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 · 2022

• THE MISSION OF CAROLINA MEADOWS FOUNDATION, INC. IS 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 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 COLLECTED DONATIONS TO SUPPORT THE RESIDENT INITIATED CAROLINA MEADOWS PANDEMIC DOCUMENTARY PROJECT. THIS WAS THE SECOND PHASE BUILDING FROM THE 2021 PARTNERSHIP WITH THE SOUTHERN ORAL HISTORY PROGRAM. THE FUNDS SUPPORTED A PROFESSIONAL DOCUMENTARIAN TO CAPTURE THE STORIES, LESSONS LEARNED AND IMAGES OF A RETIREMENT COMMUNITY SUCCESSFULLY NAVIGATING THE COVID-19 PANDEMIC. THE DOCUMENTARY FILM WAS TITLED "FOR THE COMMON GOOD . . . IN UNCOMMON TIMES." IT WAS SHARED WITH OUR NOT-FOR-PROFIT CCRC PEER COMMUNITIES FOR EDUCATIONAL PURPOSES. THE FOUNDATION HAS AN EMPLOYEE EDUCATION FUND WHICH WAS USED TO HELP PILOT A CERTIFIED NURSING ASSISTANT (CNA) SCHOLARS PROGRAM TO BENEFIT CAROLINA MEADOWS, INC. THE FOUNDATION PROVIDED AN AWARD TO CAROLINA MEADOWS WHICH PROVIDED SUPPORT FOR FOUR EMPLOYEES TO TRAIN AS CERTIFIED NURSING ASSISTANTS, WORKING AS COMPANIONS UNTIL THEY COMPLETED 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 2022, MORE THAN TWENTY 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. 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.

  Expenses $685,228 · Grants $685,228

As filed on the 2022 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

  $637,095

  SUPPORT OF CAROLINA MEADOWS EFFORTS TO REWARD CAROLINA MEADOWS EMPLOYEES THAT SERVE CM 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

2022

Filed

10 November 2023

IRS schema version

2022v5.0

Source object

202343179349302134

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