2024-09-13T13:32:57-04:00 2023-12-31 580914992 DRAFFIN & TUCKER LLP PO BOX 71309 ALBANY GA 317081309 990 2023-01-01 861975495 MEADOWS NEW FOUNDATION INC MEAD 9125355555 513 MAPLE DRIVE VIDALIA GA 30474 MICHAEL CALHOUN CHAIR 9125355555 2024-09-13 true false WILLIAM EDWARD PHILLIPS P00451499 2298837878 2024-09-13 2023 2024-08-08 14:25:15Z MICHAEL CALHOUN PO BOX 263 VIDALIA GA 30475 41233298 false X HTTPS://WWW.MEADOWSNEWFOUNDATION.ORG/ X 2019 GA MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL OF THE NET SALES PROCEEDS FROM THE SALE OF THE ASSETS OF MEADOWS REGIONAL MEDICAL CENTER, INC. TO VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE OF HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE TO BE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE INTERNAL REVENUE SERVICE AND THE STATE OF GEORGIA'A ATTORNEY GENERAL OFFICE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND G 7 7 0 0 4841835 0 631123 -2028083 5046 0 636169 2813752 0 0 0 0 0 79132 262303 79132 262303 557037 2551449 27379633 32265369 2026 4975 27377607 32260394 X MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL OF THE NET SALES PROCEEDS FROM THE SALE OF THE ASSETS OF MEADOWS REGIONAL MEDICAL CENTER, INC. TO VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE OF HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE TO BE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE INTERNAL REVENUE SERVICE AND THE STATE OF GEORGIA'A ATTORNEY GENERAL OFFICE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND G false false MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY, INCLUDING PROMOTING HEALTH AND WELLNESS AND ACCESS TO HEALTHCARE IN THE COMMUNITY (THE SOCIAL WELFARE PURPOSES). false true false false false false false false true true false false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 4 0 false 0 false false false false false false false false X 7 7 false false false false false false false true true false false false true true false false false false false false GA X REID MCARTHUR 9125355555 ONE MEADOWS PARKWAY VIDALIA GA 30474 X MICHAEL CALHOUN CHAIR 2.00 1.00 X X 0 0 0 DENNIS INGLEY TREASURER 2.00 1.00 X X 0 0 0 POLLYANN MARTIN DIRECTOR 2.00 1.00 X 0 0 0 REID MCARTHUR SECRETARY 2.00 1.00 X X 0 0 0 ANTHONY MILLER DIRECTOR X 0 0 0 RONNIE STERWART DIRECTOR 2.00 1.00 X 0 0 0 TIM TRUXEL DIRECTOR 2.00 1.00 X 0 0 0 false false false 4841835 4841835 1019004 1019004 35372459 38419546 -3047087 -3047087 -3047087 2813752 -2028083 38224 38224 5495 5495 9580 9580 58865 58865 6291 6291 48536 48536 612 612 7621 7621 14223 14223 OTHER EXPENSES 72856 72856 262303 0 262303 0 1145963 1074998 3161 82187 23397 1743600 58790 24490070 26310343 4818077 27379633 32265369 2026 4975 2026 4975 X 4377607 9260394 23000000 23000000 27377607 32260394 27379633 32265369 X 2551449 4008528 -1677190 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23000000 23000000 23000000 23000000 23000000 23000000 1.00000 false false 74465 21017 53448 7722 2380 5342 58790 FUNDS HELD IN ESCROW 4818077 4818077 X 6763415 4008528 4008528 2754887 58865 58865 2813752 203438 203438 58865 58865 262303 SCHEDULE D, PAGE 2, PART V, LINE 4 ON APRIL 30, 2021, MEADOWS REGIONAL MEDICAL CENTER, INC. (HOSPITAL) SOLD SUBSTANTIALLY ALL OF ITS ASSETS AND LIABILITIES TO HCA HEALTHCARE (HCA). THE PURCHASE PRICE WAS 29,073,771 INCLUDING HCA ASSUMING THE REMAINING DEBT OWED ON THE EXISTING HOSPITAL. UNDER THE TERMS OF THE SALE, THE HOSPITAL HAS NO CONTINUING INVOLVEMENT IN OPERATIONS. THE SALES PROCEEDS ARE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE IRS AND THE GEORGIA ATTORNEY GENERAL. THE FOUNDATION IS REQUIRED TO MAINTAIN A MINIMUM NET WORTH FOR THREE (3) AND SIX (6) YEAR TERMS. FOR THE THREE (3) YEAR TERM ENDING APRIL 30, 2024, THE MINIMUM NET WORTH REQUIREMENT IS 23,000,000. FOR THE SIX (6) YEAR TERM ENDING APRIL 30, 2027, THE MINIMUM IS 14,375,000. THE FOUNDATION MAY NOT UNDERTAKE ANY ACTION THAT WOULD REASONABLY BE EXPECTED TO RESULT IN A DETERIORATION OF THESE MINIMUM BALANCES FOR THE TERMS STATED. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A TAX-EXEMPT CORPORATION AS DESCRIBED IN SECTION 501(C) (4) OF THE INTERNAL REVENUE CODE (CODE). THE FOUNDATIONS TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. FOR FEDERAL INCOME TAX PURPOSES, THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DEADLINES. IN THE OPINION OF MANAGEMENT, THERE IS NO UNRELATED BUSINESS INCOME AT THIS TIME AND MANAGEMENT BELIEVES ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION. NO INTEREST OR PENALTIES HAVE BEEN RECORDED FOR THE YEARS ENDING DECEMBER 31, 2023 AND 2022. FORM 990 - ORGANIZATION'S MISSION MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL OF THE NET SALES PROCEEDS FROM THE SALE OF THE ASSETS OF MEADOWS REGIONAL MEDICAL CENTER, INC. TO VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE OF HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE TO BE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE INTERNAL REVENUE SERVICE AND THE STATE OF GEORGIA'A ATTORNEY GENERAL OFFICE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY, INCLUDING PROMOTING HEALTH AND WELLNESS AND ACCESS TO HEALTHCARE IN THE COMMUNITY (THE SOCIAL WELFARE PURPOSES). THE FOUNDATION WILL ENSURE THE FUNDS ARE SPENT IN MANNER CONSISTENT WITH SECTION 501(C)(3) PURPOSES. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT CPA FROM INFORMATION SUPPLIED BY THE ORGANIZATION. IT IS REVIEWED BY AN OUTSIDE CONSULTANT AND BY THE CHAIRMAN OF THE BOARD AND ANOTHER MEMBER OF THE BOARD, BOTH OF WHOM ARE CPAS. OTHER BOARD MEMBERS MAY REVIEW THE RETURN IF THEY WANT TO DO SO. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 EQUITY CORRECTION RELATED PARTIES -1,677,190 LAND OWNED BY AN AFFILIATE WAS INCORRECTLY INCLUDED ON THE TAX BALANCE SHEET FOR THE PRIOR YEAR TAX RETURN. THE PRIOR YEAR TAX BALANCE SHEET (AT DECEMBER 31, 2022) WAS BASED ON UNAUDITED FINANCIAL INFORMATION. PASTURES NEW I MEADOWS HEALTH ALLIANCE PO BOX 1048 VIDALIA GA 304751048 582044502 PARENT GA 501C3 12C N/A false PASTURES NEW II MEADOWS HEALTH RESOURCES ONE MEADOWS PARKWAY VIDALIA GA 304748759 582044505 HEALTHCARE GA 501C3 10 P NEW I false PASTURES NEW III MEADOWS REG MED CENTER ONE MEADOWS PARKWAY VIDALIA GA 304748759 582044503 HOSPITAL GA 501C3 3 P NEW I false PASTURES NEW VI SOUTHEAST REG PRIMARY CARE CORP PO BOX 1048 VIDALIA GA 304751048 582094737 PHYSICIAN GA 501C3 12B P NEW I false MEADOWS HEALTHCARE FOUNDATION INC ONE MEADOWS PARKWAY VIDALIA GA 304748759 263617113 FOUNDATION GA 501C3 12B P NEW I false false false true false false false false false false false false false false true false false false false false