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Carolina Meadows Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825385916 ✦ Chapel hill, NC ✦ Designated as a 501(c)(3)

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Overview

What is Carolina Meadows Foundation Inc?

Carolina Meadows Foundation Inc, based in Chapel Hill, North Carolina, is a nonprofit organization that raises funds to support Carolina Meadows Inc, an independent living community. Their activities include fundraising, managing donations, and investing in projects that enhance the community's programs, services, and facilities. Notably, the foundation supported a documentary project about Carolina Meadows' response to the COVID-19 pandemic, launched a certified nursing assistant (CNA) scholarship program, and established a memorial grove for resident remembrance. The foundation also offers an emergency assistance program for employees facing critical expenses.


Official website here: www.carolinameadows.org

Is Carolina Meadows Foundation Inc legitimate?

Carolina Meadows Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Meadows Foundation 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: $18,906

For more financial information, click here


Official website here: www.carolinameadows.org

What is the mission statement of Carolina Meadows Foundation Inc?

The Carolina Meadows Foundation Inc's mission is centered around raising funds and managing them to support the programs and services of Carolina Meadows. This includes soliciting, accepting, and acquiring donations to enhance and extend the mission, programs, services, and facilities of Carolina Meadows. The foundation has been instrumental in various initiatives, such as supporting a documentary project about the retirement community navigating the COVID-19 pandemic, launching a Certified Nursing Assistant (CNA) Scholars Program, and providing emergency assistance to employees. Additionally, the foundation has aided in creating a memorial grove for residents and accepting donations to enhance the community.


Official website here: www.carolinameadows.org

Who is the CEO of Carolina Meadows Foundation Inc?

Kevin Mcleod is the Chair of Carolina Meadows Foundation Inc.


Official website here: www.carolinameadows.org

What is the revenue of Carolina Meadows Foundation Inc?

Carolina Meadows Foundation Inc's revenue in 2022 was $1,537,855.


Official website here: www.carolinameadows.org

Who are the executives of Carolina Meadows Foundation Inc and what are their salaries?


Here are 13 key members and their salaries:


Pat Mandell (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Lehrburger (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Tilson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Mcduffie (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Bryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Jones (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Hoffert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Herman-Giddens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Minnix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Hardin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Mcleod (Ex-Officio)
  • Compensation: $0
  • Related: $435,542
  • Other: $22,255
Gary Levine (Ex-Officio)
  • Compensation: $0
  • Related: $248,191
  • Other: $20,358
Amy Gorely (Dir. Of Community And Char)
  • Compensation: $0
  • Related: $115,108
  • Other: $11,566


Official website here: www.carolinameadows.org

Where can I find the form 990 for Carolina Meadows Foundation Inc?

Carolina Meadows Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.carolinameadows.org

Learn more at the official website: www.carolinameadows.org

Mission Statement of Carolina Meadows Foundation Inc

Carolina Meadows Foundation Inc is dedicated to supporting its namesake organization, Carolina Meadows, through the solicitation and management of funds. The mission of this foundation is to enhance or extend the mission, programs, services, and facilities of Carolina Meadows by collecting donations and using them to acquire properties and resources. One of the recent initiatives undertaken by the foundation was the Carolina Meadows Pandemic Documentary Project, which aimed to capture the experiences of the retirement community during the COVID-19 pandemic. The funds collected were used to hire a professional documentarian, who created a film titled "For the Common Good . . . In Uncommon Times." This film served as an educational tool for not-for-profit Continuing Care Retirement Communities (CCRC) peer communities.

Beyond fundraising, Carolina Meadows Foundation Inc also supports its community through various programs. One such program is the Employee Education Fund, which was used to launch a Certified Nursing Assistant (CNA) Scholars Program. This initiative provided training and certification for four Carolina Meadows employees, addressing a critical shortage of CNAs in the community. Another program, the Employee Emergency Assistance Program, helped over twenty employees with unexpected critical expenses in 2022. The foundation provided financial assistance directly to businesses to cover housing, utility, healthcare, and transportation costs for these employees.

Carolina Meadows Foundation Inc also played a role in creating a new amenity on the Carolina Meadows campus, the Memorial Grove. This resident-initiated project, funded by private gifts to the foundation, provides a peaceful and reflective space for remembrance of deceased residents. The Memorial Grove features four curved stone walls and a pedestal back plate system for personalized name plaques, making it a poignant tribute to the lives of those who have passed. The foundation also accepts donations for specific funds that enhance the community, such as those supporting employee team members. Through these programs and initiatives, Carolina Meadows Foundation Inc continues to uphold its mission of supporting the programs and services of Carolina Meadows, ensuring the wellbeing and comfort of its residents.

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Impact




October, 2024

Carolina Meadows Foundation Inc significantly impacts the community by enhancing the programs and services of Carolina Meadows, a Continuing Care Retirement Community. The Foundation plays a critical role in fundraising efforts, which allows it to collect donations for various initiatives aimed at improving resident and employee experiences.

One notable project is the Carolina Meadows Pandemic Documentary Project. This initiative captures the stories and lessons learned during the COVID-19 pandemic, highlighting the resilience of the retirement community. The resulting documentary, titled "For the Common Good . . . In Uncommon Times," serves not only as a historical record but also as an educational tool for peer communities.

The Foundation also addresses workforce development needs by supporting an innovative Certified Nursing Assistant (CNA) Scholars Program. This initiative helps employees train as CNAs while providing companionship to residents, thus addressing a critical shortage in healthcare staffing while benefiting both the workers and the community.

In addition to these programs, the Foundation established an Employee Emergency Assistance Program to support employees facing unexpected financial hardships. This initiative has provided crucial assistance to over twenty employees, ensuring their safety and well-being, and allowing them to continue working without overwhelming financial stress.

Another impactful project is the Memorial Grove, a serene space for remembrance initiated by residents. Funded through private donations, the Memorial Grove serves as a peaceful area for contemplation and memorialization, contributing to the emotional well-being of the community.

Through these diverse initiatives, Carolina Meadows Foundation Inc not only enhances the quality of life for residents and staff but also fosters a strong sense of community, support, and remembrance at Carolina Meadows.




This information is meant to be a general summary of Carolina Meadows Foundation 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.

Revenue
$1,537,855 (2022)
Expenses
$747,792 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$785
  • Gross Receipts: $1,696,072

Assets and Liabilities:

  • Total Assets: $1,509,959
  • Total Liabilities: $70,787
  • Net Assets: $1,439,172

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Organization Details

Founding Year

2018

Principal Officer

Kevin Mcleod

Main Address

100 CAROLINA MEADOWS, CHAPEL HILL, NC, 27517

NTEE Category

Code: P11 - Human services

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