Carolina Meadows Inc.

“PARENT IS SOLE MEMBER.”

“Parent elects governing body.”

“Parent approves certain decisions.”

“Form 990 is first reviewed in detail by the members of the board finance committee prior to presentation to the full board. The entire board then reviews form 990 prior to the return being filed with the irs.”

“Governing documents, including by-laws, and conflict of interest statements, are placed in the carolina meadows resident's library quarterly and annual financials statements are included in the board of directors minutes and also placed in the library. Articles of incorporation are available on the website of the nc secretary of state. The annual disclosure statement is available on-line through the nc department of insurance (ncdoi.com), and includes in appendices copies of the doi ccrc license, dhsr nursing facility license, annual audited financial statements, 5-year financial projections, conflict of interest policy, ccrc contract and other corporate information. All governing documents are also available upon request in the executive offices. The governance committee annually reviews the conflict of interest policy to determine that all board members are in compliance. The form is sent to each member for their signature prior to filing and reviewed by the governance committee at its meeting following the board's full meeting at which the policy was approved.”

“In determining the ceo's compensation, salary survey data is compiled by the executive committee of the board of directors using a variety of comparability data and salary survey data. Questionnaires relating to the ceo's performance are also completed by senior staff and board members. Using the survey data and questionnaires as benchmarks, the executive committee sets the ceo's compensation based on performance and within established salary ranges. In determining the compensation of other officers and key employees, salary survey data is compiled by the human resources vice president for use by the ceo. Using the survey data and performance analysis as a benchmark, the ceo sets compensation based on performance and within salary ranges. The proposed salaries are submitted to the board of directors for review and approval.”

“The organization does not make its tax returns or form 1023 available on its website; instead, it prefers to make those documents available upon request.”

“Governing documents, including by-laws, and conflict of interest statements, are placed in the carolina meadows residents' library quarterly and annual financials statements are included in the board of directors minutes and also placed in the library. Articles of incorporation are available on the website of the nc secretary of state. Annual disclosure statement is available on-line through the nc department of insurance (ncdoi.com), and includes in appendices copies of the doi ccrc license, dhsr nursing facility license, annual audited financial statements, five-year financial projections, conflict of interest policy, ccrc contract and other corporate information. All governing documents are also available on request.”

“Community involvement carolina meadows focuses on community outreach and corporate responsibility as follows: - we support our local community - we invest in the future of aging - we contribute to the economy - we partner on senior initiatives in addition, we are committed to providing services to any resident of carolina meadows who has exhausted their assets through no fault of their own and needs financial assistance subsidies to cover the cost of services. Carolina meadows is actively involved in the community through participation in community outreach, educational, charitable and volunteer programs sponsored on campus or throughout the surrounding community. Carolina meadows has made significant charitable gifts in 2018 to support charities that support older adults in chatham county, including: - donated $12,869 to rise against hunger for two meal-packaging events held on our campus. Over 420 residents and staff participated in these two volunteer service events held on campus in 2018, resulting in the packaging of 41,000 meals to fight hunger worldwide. - a 2016 five-year pledge to the unc medical foundation for the creation of a new hospice home in pittsboro that will serve chatham county residents and beyond. The pledge was for $150,000 over five years; $30,000 was contributed in 2018. - carolina meadows has made a pledge of $100,000 to support leading age nc over the next four years. The first donation of $25,000 was provided in 2018. - a five-year pledge was made in 2016 to the chatham county council on aging to support their frozen meals program for elders. This program reaches seniors who live outside of the meals for wheels routes but still need crucial nutritional support. This program is a partnership of carolina meadows, chatham county government and the council on aging. The pledge was for $37,500 over five years. The third $7,500 donation was contributed in 2018. - a $10,000 donation was made to the council on aging to support the implementation of the new chatham master aging plan which benefits all who live in the county. In addition, carolina meadows hosted a private dinner and public music event as a fundraiser for the chatham county council on aging in 2018. Space, food, and staff were provided in-kind at a contribution valued at $2,400. -a $5,000 donation was made to the west chatham food pantry to support their hunger relief efforts in the western part of chatham county. - an $8,000 donation to the chatham county literacy council to support literacy efforts throughout our entire community. Beyond financial support, carolina meadows supports nonprofit organizations through donations of talent, space, food, and other in-kind contributions. Examples include: - donated food and time to charitable community events, such as all the meals (valued at $1,770) for 60 children and adult volunteers at duke hospice's camp releaf, a weekend-long camp for kids who have lost family members. - partnered with unc chapel hill school of medicine to train all 3rd year medical students in fall risk assessment. Carolina meadows hosts quarterly workshops where unc instructors provide training and then the students practice newly learned skills on resident volunteers. We provided in-kind lunches (valued at $503 each quarter) to facilitate student and resident interaction and learning. More than 240 students were trained at carolina meadows in 2018. - donated refrigerators, industrial lights fixtures and other in-kind appliances to many schools, churches and thrift shops in our local community. Staff generously donate their time/service to community organizations. Examples include: - participated on planning committees for community-wide projects such as the steering committee for the chatham county aging plan, chatham county senior games and the chatham health alliance. - served as preceptors for students from durham tech, unc, nccu and beyond. In addition to our robust corporate community outreach program, our resident asso”

“Change in fair value interest rate swap 170,402. Prior year related party equity 286,752.”