Carolina Meadows Foundation Inc.

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

“Carolina meadows senior communities & services, inc. Elects members of the governing body.”

“Carolina meadows senior communities & services, inc., as sole member of the foundation, has the right of final approval on all major board decisions.”

“All board meetings held with minutes taken and published during 2020.”

“The 990 is reviewed by management, the foundation board and the parent board after preparation by 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 independent tax accountant and the draft of the 990. Any changes are recommended to, and reviewed by, the tax accountant.”

“All annual signed coi policy affirmations are reviewed by ceo and the full board. Any disclosed or known conflicts would be resolved by full board. Persons with a conflict must recuse themselves from discussions and meetings until resolution is reached. If not reached, conflict must be terminated or board member or staff member must resign. Coi policy applicable to all board members and senior and executive management. Board members are required to inform of any direct or indirect conflict of interest with regard to any transaction contemplated by the bod including actions regarding transactions with any material financial interest or in which director serves as a director, trustee, officer or partner. A resident member of the board of home care may include carolina meadows residents who will not be considered to have a financial conflict or interest of purposes of policy solely due to being a resident.”

“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 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 capital associated industries, guidestar, the national executive compensation survey, and leadingage survey data, the ceo sets and approves compensation for the treasurer (parent cfo) within established ranges for the organization based on input and review from the parent board. The salary amounts for the ceo and treasurer are further reviewed by the full parent board as a measure of oversight and understanding of total executive compensation for the top executive positions.”

“Form 1023 and form 990 are available upon request.”

“Provided in public inspection binder made available upon request. Documents included in the board of directors minutes where applicable, same for governing documents availability.”