Carolina Meadows Inc.

“Carolina meadows senior communities & services, inc. Is the sole member of carolina meadows, inc.”

“As the sole member, carolina meadows senior communities & services, inc. Elects the governing body of carolina meadows, inc.”

“As sole member, carolina meadows senior communities & services, inc. Must approve all significant decisions of carolina meadows, inc.”

“The 990 is reviewed by management, recommended by the carolina meadows, inc. Board finance committee and then approved by the parent board following preparation by the cfo and then independent tax accountant. The review is conducted prior to filing with the irs and involves a thorough examination of the information used as a basis for preparation of the 990 by the cfo and independent tax accountant, as well as examination of the draft of the 990. Any changes are recommended to, and reviewed by, the independent tax accountant.”

“Annually, all signed coi policy and attestation forms are provided to all board members, including ex-officio members. The same forms are provided to all key staff employees. The attestation forms are collected from the board and key employees in may of each year. They are then reviewed by the board governance committee and ceo for any indications of actual or perceived conflict noted. If none, the attestation forms are accepted and stored. If there were to be any indications of actual or perceived conflict noted, the governance committee would alert the board chair and the actual or perceived conflict would be discussed further with the individual involved to determine if an actual conflict existed. If it is believed an actual conflict exists, then the full board would review the conflict and make a determination how best to resolve the conflict by either accepting the conflict or requiring the member or staff person to cease and desist or face removal from the board or termination from employment if a key staff employee. If a conflict is accepted by the board, a person involved in matters where a conflict exists must recuse himself or herself from board meeting discussions around the conflict or board action taken in regard to the conflict. If a conflict involves a staff person, the staff person would either be reassigned or terminated, depending on the type of conflict and impact to the organization.”

“In determining the ceo's compensation, salary information is compiled by the executive committee of the parent board of directors which serves as the executive compensation committee. The committee uses a variety of comparability and salary survey data from catapult, inc., formerly capital associated industries (cai), including the north carolina annual wage and salary survey, the national executive compensation survey, and guidestar executive compensation data. Assessment forms rating the ceo's performance are also completed by members of all affiliate boards. Using the survey data as benchmarks and the compiled assessment data as an indicator of performance measurement, the executive committee recommends to the full parent board for approval of the total ceo compensation within the board established salary range for the ceo position. Based on salary and total compensation data from catapult (formerly capital associated industries), guidestar, the national executive compensation survey, and leadingage survey data, the ceo sets and approves compensation for the coo and cfo positions within established ranges for the organization based on input and review from the parent board. The salary amounts for the ceo, coo, and cfo are further reviewed by the full parent board as a measure of oversight and understanding of total executive compensation for the top executive positions.”

“Minutes of quarterly board meetings including the quarterly financials and annual audited financial statements are placed in the carolina meadows resident's library. Articles of incorporation are available on the secretary of state's website and, along with the board bylaws, are available for review upon request. An 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, ccrc contract and other corporate information. Conflict of interest statements are available for review upon request.”

“Information technology the information technology department provides services to independent living residents upon request for issues including internet, computers, cable, and phone service. There is also help provided to all new incoming residents at their time of moving onto campus. The it department filled between 10 and 12 resident tickets per day, on average. Charitable donations charitable donations and community benefits for 2021 included $351,266 in benevolent care provided, $125,291 in charitable donations, and $47,483 in donated volunteer services. Property taxes for 2021, property tax payments of $1,115,455 were made to support needed infrastructure to help chatham county, north carolina.”

“Community involvement at 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 2021, carolina meadows was honored to receive a statewide engagement award, the 2021 spirit of north carolina award from united way. It recognized our resident and corporate commitment to our local community. In addition, we are committed to providing services to residents of carolina meadows who may have exhausted their assets through no fault of their own and need financial assistance to cover their 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 2021 to support charities that support older adults in chatham county, north carolina, including: - carolina meadows made a four-year pledge of $100,000 to support leading age north carolina. The fourth and final donation of $25,000 was provided in 2021. - a $20,000 donation was made to the council on aging to support the implementation of the chatham county aging plan which benefits all who live in the county. The plan continued to pivot this year to provide needed services in new ways to seniors during the ongoing pandemic. - a $7,500 donation was made to the chatham county council on aging to support their frozen meals program. This program continues to be of great importance due to the number of seniors in their homes without access to healthy food. - a$ 2,100 donation was made to the chatham county council on aging to support their new peaceful pathways for caregivers project at a local park. This innovative project allows caretakers to take elders along this path and to safely enjoy nature together. Carolina meadows has made additional significant charitable gifts in 2021 to support charities that support our broader community in chatham county, the state and around the world, including: - a $9,183 donation was made to the chatham outreach alliance (cora) food pantry to support hunger relief throughout chatham. These funds were donated from resident dining accounts. - a $3,000 corporate donation was also made to the chatham outreach alliance (cora) food pantry to support hunger relief throughout all of chatham county. Food insecurity increased as the pandemic continued in 2021. - a $10,000 donation was made to rise against hunger to support the carolina meadows meal packaging event in 2021. This event results in more than 30,000 meals being packaged to help with hunger throughout the world. - a $12,000 donation to the chatham county literacy council to support literacy efforts throughout our entire community. These efforts are focused on increased literacy such as ged programs, english as a second language, computer literacy and more. - a $3,000 annual corporate donation to united way of chatham county to support the great work of charities in our county. - a $2,000 donation to pbs north carolina (unc tv) in support of their public programming which reaches all ages across our county and state. - a $3,000 donation to chatham arts council to support their artist in residence program throughout the chatham county schools. We sponsored black box dance theatre for a two-week residency at siler city elementary, a title 1 school. - smaller donations include $250 to north chatham elementary (after we learned of a fire in their trailers) $233 to the freedom center for social justice $250 for porch (supplying food to families in need) beyond financial support, carolina meadows supports nonprofit organizations through donations of volunteer hours and in-kind contributions. Examples include: - residents and employees of carolina meadows participated in a virtual martin luther king, jr. Day of service called wor”

“Change in fair value interest rate swap 454,574.”