Care Partners EIN 41-2011488

Care Partners

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Helps people facing cancer and serious illnesses. For fiscal year 2025 it reported $169K in revenue, $104K in expenses, and $264K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Eveleth, MN
Filings
5 on file (2021–2025)
Revenue
$169KFY2025
Expenses
$104K
Net assets
$264K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-2011488 Public charity (501(c)(3)) Eveleth, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps people facing cancer and serious illnesses.
Leadership
Jen Krummi · Chair
Money in and out
$169K revenue, $104K expenses
Bottom line
84% program efficiency
Where the money goes · FY2025
Total revenue
$169K
Pt VIII · Ln 12
Total expenses
$104K
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program efficiency
84%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
30.7mo
months of highly liquid reserves at operating expense rate▲ +59% vs prior filing year
Surplus margin
+39%
revenue over expenses, this year▲ +316% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$169K
FY2025▲ +61%
Expenses
$104K
FY2025▼ -17%
Total assets
$265K
FY2025▲ +33%
Total liabilities
$2K
FY2025+0.4%
Total revenue
$169K
Pt VIII · Ln 12
Total expenses
$104K
Pt IX · Ln 25
Net assets
$264K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$265K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $87K of program spending, described in the organization's own filed words · FY2024.
01

To coordinate services and collaborate with providers of other services and to assist individuals and families who are dealing with cancer or other life-limiting illnesses financially, to refer these families to other helpful programs, educate the communities and other organizations on the issues of support services.

$87Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCare Partners
EINHdr · item D41-2011488
Principal addressHdr · item CEveleth, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E60)
Ruling yearIRS BMFNov 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary and Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Care Partners executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$156K · 92%
Other revenue$9K · 6%
Investment income$3K · 2%
Contributions & grants92%$156K
Other revenue6%$9K
Investment income2%$3K
Total revenueLn 12$169K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program services84%$87K
Management & general15%$16K
Fundraising1%$730
Total functional expensesLn 25$104K

Balance Sheet

Part X · end of year
CashLn 1$265K
Total assetsLn 16$265K
Total liabilitiesLn 26$2K
Total net assetsLn 32$264K
Months of cash on handcomputed30.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $265K · Operating expenses/yr $104K
30.7 months
Where the money goes
Program services
Program services $87K · Total expenses $104K
84%
Management & General
Management & general $16K · Total expenses $104K
15%
Fundraising
Fundraising $730 · Total expenses $104K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $426 · Solicited contributions (3-yr avg) $119K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $156K · Total revenue $169K
92%
Government reliance
Government grants — · Total revenue $169K
Earned-income share
Program service revenue $0 · Total revenue $169K
0%
Investment reliance
Investment income $3K · Total revenue $169K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $104K
0%
Growth & trend
Revenue growth (YoY)
This year $169K · Prior year $105K
+61%
Revenue CAGR
FY2020 $53K · FY2024 $169K
+33%
Net-asset trend (YoY)
End of year $264K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $169K · Expenses $104K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $265K
Net-asset ratio
Net assets $264K · Total assets $265K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $265K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jen Krummi · Reported title Chair · Highest reported compensation $0 · Total expenses $104K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $104K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 15%
Fundraising cost ratio 0.5%
Revenue growth 61%
Accounting fee ratio 0.3%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$38K
Grants paid · 5 grants · $277K · 2020–2024
Unitemized GrantFY2024$57,855
Unitemized GrantFY2023$79,397
Unitemized GrantFY2022$63,363
Unitemized GrantFY2021$37,681
Unitemized GrantFY2020$38,545

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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
FY2025 (Latest)$169K revenue · viewing · ⤓ 990 PDF
FY2024$105K revenue · ⤓ 990 PDF
FY2023$113K revenue · ⤓ 990 PDF
FY2022$77K revenue · ⤓ 990 PDF
FY2021$53K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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