To serve as a community resource for accessible, affordable and responsive health care and related services- include disease prevention, education and research grants, scholarships, clinics and related activities to benefit the greater rhode island community.

501(c)(3) charity; gifts are tax-deductible.
7¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 6
filings with a surplus
Average deficit $655K a year · 153% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $5.2M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $5.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
Spent
$4.4M
To programs
7%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$284K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$284K
FY2021$428K
FY2022$592K
FY2023$246K
FY2024$342K
FY2025$676K
Expenses
$4.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.4M
FY2021$396K
FY2022$457K
FY2023$423K
FY2024$347K
FY2025$476K
Net assets
$5.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.6M
FY2022$5.8M
FY2023$6.0M
FY2024$6.8M
FY2025$7.1M

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 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 Mar 1946.

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

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $298K Management & general 93% · $4.1M

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Paula Iacono$101,616$101,616$101,616$101,616

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Chartercare Foundation 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 accessible, affordable healthcare, education, and research to the Rhode Island community.

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Provided by the organization

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1 program · $298K · in their own filed words · FY2019
01

To serve as a community resource for accessible, affordable and responsive health care and related services- include disease prevention, education and research grants, scholarships, clinics and related activities to benefit the greater rhode island community.

$298Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 53 grants · $1.2M · 2019–2024
Sojourner House INCRI · FY2024$57,000
Shri Service CorpsRI · FY2024$39,980
Amenity AidRI · FY2024$25,000
Bradley Hospital FoundationRI · FY2024$24,090
Ocean Community YMCARI · FY2024$21,660
The Jonnycake Center INCRI · FY2024$13,500
Bradley Hospital FoundationRI · FY2023$32,780
Amenity AidRI · FY2023$25,000
A Wish Come True INCRI · FY2022$25,000
Thundermist Health CenterRI · FY2022$25,000
See all 53 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Investment incomeLn 3$229K
Gifts and grantsLn 1h$55K
Money outPt IX
$4.4M
Ln 25
Programscol B$298K
Managementcol C$4.1M
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$342K
Total assetsLn 16$5.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Investment incomeLn 3$229K
Gains on assetsLn 7$150K
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$323K
Cash and savings togetherLn 1–2$342K
InvestmentsLn 11–13$5.2M
Total assetsLn 16$5.5M
LiabilitiesLn 26$0
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$407K$342K
InvestmentsLn 11–13$8.9M$5.2M
Total assetsLn 16$9.3M$5.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$9.3M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Pay of current officers, directors and key staffLn 5$92K$64K$27K
Payroll taxesLn 10$8K$5K$2K
Legal feesLn 11b$91K$91K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$4K$4K
OccupancyLn 16$10K$7K$3K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$4.0M$22K$4.0M
All other expensesLn 24e$677$677
Total functional expensesLn 25$4.4M$298K$4.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $676K$476K$200K$7.1M 990 PDF
FY2024 $342K$347K−$5K$6.8M 990 PDF
FY2023 $246K$423K−$177K$6.0M 990 PDF
FY2022 $592K$457K$135K$5.8M 990 PDF
FY2021 $428K$396K$33K$6.6M 990 PDF
FY2020 Viewing $284K$4.4M−$4.1M$5.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $283,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,997$55,102
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $415,326$228,781
I-11 Other revenuePrior year $1,465$0
I-12 Total revenuePrior year $470,788$283,883
I-13 Grants and similar amounts paidPrior year $141,917$200,314
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $119,990$99,144
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $169,275$4,098,312
I-18 Total expensesPrior year $431,182$4,397,770
I-19 Revenue less expensesPrior year $39,606−$4,113,887
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $283,883 across 5 lines filed
VIII-1f All other contributions, gifts and grants$55,102
VIII-1h Total contributions, gifts and grants$55,102
VIII-3 Investment incomeExcluded from tax $79,247$79,247
VIII-7 Net gain or loss on sales of assetsExcluded from tax $149,534$149,534
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $228,781$283,883
Part IX · Statement of functional expenses $4,397,770 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $200,314$200,314
IX-5 Pay of current officers, directors and key staffPrograms $64,064 · Management $27,456$91,520
IX-10 Payroll taxesPrograms $5,337 · Management $2,287$7,624
IX-11b Legal feesManagement $91,086$91,086
IX-11c Accounting feesManagement $2,200$2,200
IX-11g Other fees for servicesManagement $5,298$5,298
IX-13 Office expensesManagement $3,938$3,938
IX-16 OccupancyPrograms $6,720 · Management $2,880$9,600
IX-23 InsuranceManagement $10,315$10,315
IX-24 Other expenses (24a–d)Programs $22,000 · Management $3,953,198$3,975,198
IX-24e All other expensesManagement $677$677
IX-25 Total functional expensesPrograms $298,435 · Management $4,099,335 · Fundraising $0$4,397,770
Part X · Balance sheet $5,520,496 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $69,445$18,750
X-2 Savings and temporary cash investmentsStart of year $337,717$323,374
X-13 Program-related investmentsStart of year $8,932,483$5,178,372
X-16 Total assetsStart of year $9,339,645$5,520,496
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $327,411$282,692
X-28 Net assets with donor restrictionsStart of year $9,012,234$5,237,804
X-32 Total net assets or fund balancesStart of year $9,339,645$5,520,496
X-33 Total liabilities and net assetsStart of year $9,339,645$5,520,496
Part XI · Reconciliation of net assets $5,520,496 net assets at year end
XI-1 Total revenue$283,883
XI-2 Total expenses$4,397,770
XI-3 Revenue less expenses−$4,113,887
XI-4 Net assets at start of year$9,339,645
XI-5 Net unrealized gains (losses) on investments$294,738
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,520,496

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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