Vecna Cares Charitable Tr EIN 26-3318451

Vecna Cares Charitable Tr

EIN  26-3318451 Public foundation / grantmaker Burlington, MA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides training and technology to support and strengthen health.
Leadership
Paul Amendola · Executive Director · $127K
Money in and out
$277K revenue, $355K expenses
Bottom line
68% program efficiency

Provides training and technology to support and strengthen health. For fiscal year 2024 it reported $277K in revenue, $355K in expenses, and $-2.1M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$-2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs▼ -27% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -88% vs prior filing year
Surplus margin
-28%
revenue over expenses, this year▲ +13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$277K
FY2024▼ -42%
Expenses
$355K
FY2024▼ -44%
Total assets
$167K
FY2024▼ -38%
Total liabilities
$2.2M
FY2024▼ -1%
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$-2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$167K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $241K of program spending, described in the organization's own filed words · FY2024.
01

The Primary Objective of the Mfm

Project ideliver is to improve the quality of maternal child care by developing and implementing a digital tool for routine use by facility-based healthcare workers during labor and delivery that enables measurement of content of care during admission, triage and discharge for women delivering in a health facility

$241Kprogram expense
02

Asili

Design, development and deployment of an advanced electronic medical records system that is currently operational across seven facilities in rural DR congo. The facilities are completely off-line and running the software on the clinipak.

Pt IX · col B
03

Special Olympics

Reliable mechanisms to ensure referrals identified at healthy athletes examinations are documented, able to be accessed by programs and soi and through the athlete personal health record. The improved system will document an athletes health history and monitor improved health outcomes.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVecna Cares Charitable Tr
EINHdr · item D26-3318451
Principal addressHdr · item CBurlington, MA
WebsiteHdr · item Jwww.vecnacares.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$127,000Pt VII · Sec A
Senior Software Engineer
$77,864Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Amendola’s $127K as Executive Director is at the 92nd percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Paul Amendola$127,000$127,167$127,000$122,088$127,254
Priya Ponnappan$110,114$100,200
Priya Ponnappa$81,340$100,000
Mohit Kulkarni$77,864$84,994

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.

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Statement of Revenue

Part VIII
Program service revenue$240K · 87%
Other revenue$36K · 13%
Program service revenue87%$240K
Other revenue13%$36K
Contributions & grants$343
Total revenueLn 12$277K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$241K
Management & general32%$114K
Total functional expensesLn 25$355K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$167K
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$-2.1M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses/yr $355K
0.1 months
Where the money goes
Program services
Program services $241K · Total expenses $355K
68%
Management & General
Management & general $114K · Total expenses $355K
32%
Fundraising
Fundraising $0 · Total expenses $355K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $13K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $343 · Total revenue $277K
0%
Government reliance
Government grants — · Total revenue $277K
Earned-income share
Program service revenue $240K · Total revenue $277K
87%
Investment reliance
Investment income $0 · Total revenue $277K
0%
Program self-sufficiency
Program service revenue $240K · Total expenses $355K
68%
Growth & trend
Revenue growth (YoY)
This year $277K · Prior year $480K
-42%
Revenue CAGR
FY2020 $1.2M · FY2024 $277K
-30%
Net-asset trend (YoY)
End of year $-2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $277K · Expenses $355K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $167K
Net-asset ratio
Net assets $-2.1M · Total assets $167K
-1245%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $167K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Amendola · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $127K · Total expenses $355K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $264K · Total expenses $355K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth -42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$1.2M

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$277K revenue · viewing · ⤓ 990 PDF
FY2023$480K revenue · ⤓ 990 PDF
FY2022$477K revenue · ⤓ 990 PDF
FY2021$770K revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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