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Carolina Meadows Foundation Inc

EIN 82-5385916 · Chapel Hill, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong95 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO SOLICIT AND RECEIVE GIFTS, GRANTS, BEQUESTS AND CONTRIBUTIONS FOR THE SUPPORT OF CAROLINA MEADOWS, INC. IN ORDER TO ENHANCE OR EXTEND ITS MISSION, PROGRAMS, SERVICES, AND FACILITIES.

Income
$1.2 million
Spending
$553,660
Spent on programs
97%
Reserves
59.9 months of spending
Largest source of income
donations and private grants, 78%
Employees
0
Volunteers
10
Highest pay
$485,562, president and ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 95 out of 100. Higher than 88% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 59.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 54% of income.

  • Income trend

    10 of 15

    Income fell 9% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $535,129 spent. THE MISSION OF CAROLINA MEADOWS FOUNDATION, INC. IS TO SOLICIT AND RECEIVE GIFTS, GRANTS, BEQUESTS AND CONTRIBUTIONS FOR THE SUPPORT OF CAROLINA MEADOWS, INC. (CMI) IN ORDER TO ENHANCE OR EXTEND ITS MISSION, PROGRAMS, SERVICES, AND FACILITIES.THE FOUNDATION CONTINUES TO COLLECT FUNDS, SHARPEN MESSAGES, AND BROADEN ITS REACH TO THE CAROLINA MEADOWS COMMUNITY USING DONORPERFECT DONOR MANAGEMENT SYSTEM, SPEAKING ENGAGEMENTS, AND MONTHLY NEWSLETTER SUBMISSIONS. FUNDRAISING IS PRIMARILY TO SOLICIT, ACCEPT AND ACQUIRE BY GIFT, DEVISE, BEQUEST OR OTHERWISE, DONATIONS OF MONEY AND PROPERTY FOR THE SUPPORT AND MAINTENANCE OF CAROLINA MEADOWS, INC. AND TO HOLD, (CONTINUED ON SCHEDULE O)MANAGE, ADMINISTER, USE, AND INVEST SUCH MONEY OR PROPERTY.THE FOUNDATION ACCEPTS DONATIONS FOR SPECIFIC FUNDS THAT ENHANCE THE COMMUNITY THROUGH ITS PROGRAMMING, AMENITIES, AND FUNDS FOR EMPLOYEES OR RESIDENTS FACING FINANCIAL HARDSHIP. IN 2024, GIFTS TO THE FOUNDATION SUPPORTED THE FOLLOWING COMMUNITY ENHANCEMENT PROJECTS THAT WOULD OTHERWISE NOT HAVE BEEN FUNDED THROUGH CMI OPERATING FUNDS:INSTALLATION OF SOLAR PANELS ON CMI'S PLANT OPERATIONS BUILDINGPURCHASE OF AN EV WHEELCHAIR ACCESSIBLE VAN FOR TRANSPORTING RESIDENTS AND INSTALLATION OF TWO EV CHARGING STATIONS FOR RESIDENTS, EMPLOYEES, OR GUESTS. EXPANSION AND INSTALLATION OF A RAMP TO CMI'S AUDITORIUM STAGEPURCHASE OF PORTABLE SOUNDS SYSTEMS FOR CMI'S APARTMENT BUILDINGS FOR USE AT RESIDENT PRECINCT MEETINGS AND OTHER LARGE GATHERINGS THAT NECESSITATE THE USE OF A MICROPHONETHE EMPLOYEE EMERGENCY ASSISTANCE FUND SUPPORTS EMPLOYEES WITH UNEXPECTED CRITICAL EXPENSES THAT AFFECT THEIR ABILITY TO WORK. IN 2024, ELEVEN EMPLOYEES RECEIVED ESSENTIAL SUPPORT THROUGH THIS PROGRAM. THESE FINANCIAL AWARDS WERE MADE DIRECTLY TO BUSINESSES/VENDORS TO COVER EMPLOYEE EXPENSES RELATED TO HOUSING, UTILITIES, AND TRANSPORTATION COSTS.TO ENCOURAGE A CULTURE OF PHILANTHROPY ON CAMPUS WITH A PARTICULAR FOCUS ON PLANNED GIVING, THE FOUNDATION LAUNCHED ITS LEGACY LEADERS PROGRAM IN LATE 2023 TO RECOGNIZE DONORS WHO DESIGNATE THE FOUNDATION AS A BENEFICIARY OR IN THEIR ESTATE, TRUST OR WILL AT A PARTICULAR GIVING LEVEL. THE RESULTING MOMENTUM FOR PLANNED GIVING ENCOURAGED THE FOUNDATION TO DISCUSS DONOR NAMING OPPORTUNITIES FOR CMI'S NEW SKILLED NURSING FACILITY THAT IS CURRENTLY UNDER CONSTRUCTION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.