EIN 82-5385916

Carolina Meadows Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2018
Most recent tax filings
2022-12-01
Description
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 manage, administer, use and invest such money or property. 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. To support Carolina Meadows, Inc. Through solicitation of funds and management of such funds or property to support the programs and services of Carolina Meadows.
Total revenues
$1,537,855
2022
Total expenses
$747,792
2022
Total assets
$1,509,959
2022
Num. employees
0
2022

Program areas at Carolina Meadows Foundation

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.

Grants made by Carolina Meadows Foundation

GranteeGrant descriptionAmount
Carolina MeadowsSupport of Carolina Meadows Efforts To Reward Carolina Meadows Employees That Serve CM Residents$637,095

Who funds Carolina Meadows Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$9,800
Schwab Charitable FundHealth$5,507
AmazonSmile FoundationGeneral Support$5

Personnel at Carolina Meadows Foundation

NameTitleCompensation
Ben OverseesChief Executive Officer
Kevin A. McLeodBoard Member$0
Ben CornthwaiteChief Operating Officer and Executive Vice President
Gary P. Levine, CPAChief Financial Officer and Executive Vice President$0
Kevin LedChief Financial Officer
...and 9 more key personnel

Financials for Carolina Meadows Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,538,640
Program services$0
Investment income and dividends$11,149
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-11,934
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,537,855

Form 990s for Carolina Meadows Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-09-08990View PDF
2020-122021-07-09990View PDF
2019-122020-10-22990View PDF
2018-122019-11-01990EZView PDF
Data update history
January 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Updated personnel
Identified 2 new personnel
November 17, 2023
Updated personnel
Identified 20 new personnel
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsHuman service organizationsCharities
Issues
Human services
Characteristics
Funds one specific organizationProvides grantsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
100 Carolina Meadows
Chapel Hill, NC 27517
Metro area
Durham-Chapel Hill, NC
County
Chatham County, NC
Website URL
carolinameadows.org/ 
Phone
(919) 942-4014
IRS details
EIN
82-5385916
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P11: Human Services Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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