Overview
What is The Carol Woods Charitable Fund Inc?
The Carol Woods Charitable Fund Inc is a charitable organization that supports the Chapel Hill Residential Retirement Center, also known as the Carol Woods Retirement Community. Located at 750 Weaver Dairy Road, Chapel Hill, NC 27514, the fund provides various forms of assistance to enhance the lives of its residents. This includes offering financial aid to residents who have depleted their assets, contributing to campus necessities such as garden maintenance, providing support for the tuition assistance program for employee career growth, and offering assistance to employees experiencing financial difficulties through a staff hardship fund. Additionally, The Carol Woods Charitable Fund Inc contributes to the Carol Woods Resident Association, supporting the budgets of various resident committees involved in enriching the community's overall living experience.
Is The Carol Woods Charitable Fund Inc legitimate?
The Carol Woods Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carol Woods Charitable Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Carol Woods Charitable Fund Inc?
The Carol Woods Charitable Fund Inc's mission is to provide support to The Carol Woods Retirement Community, a 501(c)(3) organization. In this role, the fund provides assistance in various ways. It aids residents who have depleted their assets, offers financial aid for campus maintenance and gifts, supports the tuition assistance program for employee career growth, and offers aid to employees experiencing financial hardship through a staff hardship fund. Additionally, the fund contributes to the budgets of resident committees involved in enriching the lives of the community members at The Carol Woods Retirement Community.
Who is the CEO of The Carol Woods Charitable Fund Inc?
Kenneth G Reeb Jr is the President Of The Board of The Carol Woods Charitable Fund Inc. The CEO's salary of The Carol Woods Charitable Fund Inc is $0 and their total compensation is $301,574.
What is the revenue of The Carol Woods Charitable Fund Inc?
The Carol Woods Charitable Fund Inc's revenue in 2022 was $247,300.
Who are the executives of The Carol Woods Charitable Fund Inc and what are their salaries?
Here are 7 key members and their salaries (The Carol Woods Charitable Fund Inc's CEO's salary is $0 and their total compensation is $301,574):
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- Other: $0
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- Other: $0
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- Related: $220,479
- Other: $18,252
- Compensation: $0
- Related: $279,662
- Other: $21,912
Where can I find the form 990 for The Carol Woods Charitable Fund Inc?
The Carol Woods Charitable Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Carol Woods Charitable Fund Inc
The Carol Woods Charitable Fund Inc is a supporting organization with a mission to aid The Carol Woods Retirement Community, a 501(c)(3) nonprofit. Specifically, its role is to provide assistance to the retirement community in various capacities. This includes offering financial support to residents who have depleted their assets, contributing to the maintenance of gifted gardens on the campus, and funding Carol Woods' tuition assistance program for employee career growth. The Charitable Fund also extends aid to employees experiencing financial hardship through a staff hardship fund. Furthermore, it provides substantial support to the Carol Woods Resident Association, which manages the budgets of various resident committees committed to enriching the lives of the community's senior residents. In essence, The Carol Woods Charitable Fund Inc plays a crucial role in supporting the well-being and quality of life for the residents of The Carol Woods Retirement Community.
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Impact
October, 2024
The Carol Woods Charitable Fund Inc has made a significant impact by providing vital support to residents at the Chapel Hill Residential Retirement Center, particularly those who have outlived their financial resources. With an allocation of $190,240 dedicated to assisting these individuals, the Fund has ensured that they can maintain their quality of life within the community.
In addition to directly supporting residents, the Fund has contributed to various campus needs, investing $2,828 in the maintenance of gifted gardens that enhance the living environment for everyone. The organization's commitment extends to employee development, with $3,100 allocated for a tuition assistance program aimed at fostering career growth among staff members.
Recognizing the challenges faced by employees, the Carol Woods Charitable Fund Inc also established a Staff Hardship Fund, providing $13,836 in assistance to those experiencing financial difficulties. This not only supports individual staff members but also contributes to a more stable and committed workforce.
Furthermore, the Fund plays a crucial role in enriching the lives of residents by providing $47,000 in support to the Carol Woods Resident Association, which helps finance a variety of resident committees and initiatives. These efforts demonstrate a holistic approach to community support, enhancing both the living conditions for residents and creating a supportive environment for employees, ultimately fostering a thriving retirement community.
This information is meant to be a general summary of The Carol Woods Charitable Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $58
- Gross Receipts: $247,300
Assets and Liabilities:
- Total Assets: $2,273,420
- Total Liabilities: $925
- Net Assets: $2,272,495
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Organization Details
Founding Year
2006
Phone
(919) 968-4511Principal Officer
Kenneth G Reeb Jr
Main Address
750 WEAVER DAIRY ROAD, CHAPEL HILL, NC, 27514
NTEE Category
Code: L11 - Housing
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