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Care Plus Foundation INC FY2022 filing

Tax-deductible

Paramus, NJ501(c)(3)ReligionEIN 22-3561909Revenue $346K in FY2022

On file with the IRScareplusnj.org1 Kalisa Way Ste 112, 07652-3538 · Paramus, NJTax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Care Plus Foundation strives to build a brighter world for the 1 in 4 adults and 1 in 5 children and youth in our community dealing with mental health issues or emotional distress - from depression and anxiety to schizophrenia and bipolar disorder we accomplish this through direct support with scholarships as well as medication and housing assistance our robust advocacy program works to decrease this stigma for mental health issues with community awareness events and professional conferences

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $28K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$269K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
-1% vs prior year
Spent
$420K
To programs
86%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$346K
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$278K
FY2021$350K
FY2022$346K
FY2023$497K
FY2024$415K
FY2025$470K
Expenses
$420K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$413K
FY2021$449K
FY2022$420K
FY2023$439K
FY2024$485K
FY2025$316K
Net assets
$1.0M
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.0M
FY2023$1.2M
FY2024$1.2M
FY2025$1.5M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $361K Management & general 14% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Corrado
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Care Plus Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships, medication, and housing assistance, while advocating to reduce mental health stigma.

Questions for Care Plus Foundation INC

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Provided by the organization

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1 program · $361K · in their own filed words · FY2021
01

The care plus foundation program initiatives are to support the following care plus inc. Programs:scholarships awards to help mental health patients acquire educational and vocational skills necessary to re-integrate into SOCIETY.SUPPORTIVE housing assistance to individuals living in the community to help them maintain their independent…

$361Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Paypal Charitable Giving FundFY2020$9K
Total grants receivedfrom 1 funder$9K
Grants paid · 7 grants · $537K · 2019–2024
Unitemized GrantFY2024$69,572
Unitemized GrantFY2023$69,211
Unitemized GrantFY2022$69,992
Unitemized GrantFY2022$69,992
Unitemized GrantFY2021$68,673
Unitemized GrantFY2020$104,823
Unitemized GrantFY2019$84,566

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$228K
Other incomeLn 4–11$88K
Investment incomeLn 3$31K
Money outPt IX
$420K
Ln 25
Programscol B$361K
Managementcol C$59K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$1.3M
LiabilitiesLn 26$269K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Fundraising eventsLn 1c$208K
Investment incomeLn 3$31K
Other incomeLn 4–11$88K
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$229K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$269K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$283K$229K
InvestmentsLn 11–13$1.2M$1.1M
Total assetsLn 16$1.5M$1.3M
LiabilitiesLn 26$240K$269K
Net assetsLn 32$1.3M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$69K$69K
Management feesLn 11a$200K$150K$50K
Investment management feesLn 11f$9K$9K
Advertising and promotionLn 12$7K$7K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$104K$104K
All other expensesLn 24e$27K$27K
Total functional expensesLn 25$420K$361K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $470K$316K$154K$1.5M 990 PDF
FY2024 $415K$485K−$70K$1.2M 990 PDF
FY2023 $497K$439K$58K$1.2M 990 PDF
FY2022 Viewing $346K$420K−$74K$1.0M 990 PDF
FY2021 $350K$449K−$99K$1.3M 990 PDF
FY2020 $278K$413K−$135K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $346,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $203,145$228,233
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $49,926$30,596
I-11 Other revenuePrior year $97,387$87,501
I-12 Total revenuePrior year $350,458$346,330
I-13 Grants and similar amounts paidPrior year $104,823$68,673
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $344,517$351,280
I-18 Total expensesPrior year $449,340$419,953
I-19 Revenue less expensesPrior year −$98,882−$73,623
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $346,330 across 7 lines filed
VIII-1c Fundraising events$208,058
VIII-1f All other contributions, gifts and grants$20,175
VIII-1h Total contributions, gifts and grants$228,233
VIII-3 Investment incomeExcluded from tax $30,596$30,596
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $87,501$87,501
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $118,097$346,330
Part IX · Statement of functional expenses $419,953 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $68,673$68,673
IX-11a Management feesPrograms $150,000 · Management $50,000$200,000
IX-11f Investment management feesManagement $8,962$8,962
IX-12 Advertising and promotionPrograms $6,808$6,808
IX-19 Conferences, conventions and meetingsPrograms $4,912$4,912
IX-24 Other expenses (24a–d)Programs $103,551$103,551
IX-24e All other expensesPrograms $27,047$27,047
IX-25 Total functional expensesPrograms $360,991 · Management $58,962 · Fundraising $0$419,953
Part X · Balance sheet $1,299,393 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $237,078$183,349
X-2 Savings and temporary cash investmentsStart of year $45,976$45,937
X-12 Other securitiesStart of year $1,181,927$1,070,107
X-16 Total assetsStart of year $1,496,581$1,299,393
X-17 Accounts payable and accrued expensesStart of year $20,192$22,819
X-19 Deferred revenueStart of year $72,286$51,339
X-25 Other liabilitiesStart of year $147,182$195,127
X-26 Total liabilitiesStart of year $239,660$269,285
X-27 Net assets without donor restrictionsStart of year $1,256,921$1,030,108
X-32 Total net assets or fund balancesStart of year $1,256,921$1,030,108
X-33 Total liabilities and net assetsStart of year $1,496,581$1,299,393
Part XI · Reconciliation of net assets $1,030,108 net assets at year end
XI-1 Total revenue$346,330
XI-2 Total expenses$419,953
XI-3 Revenue less expenses−$73,623
XI-4 Net assets at start of year$1,256,921
XI-5 Net unrealized gains (losses) on investments−$153,190
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,030,108

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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