Care Net Foundation EIN 46-0951472 Form 990 (PDF) Claim this org

Care Net Foundation

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Supports other charities through funding and operational assistance. For fiscal year 2024 it reported $1.4M in revenue, $197K in expenses, and $4.1M in net assets.Pt I

Founded
2012
Type
Supporting organization · Health Care
Location
Lansdowne, VA
Filings
5 on file (2020–2024)
Revenue
$1.4MFY2024
Expenses
$197K
Net assets
$4.1M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0951472 Supporting organization Lansdowne, VA Founded 2012
Form 990 (PDF)
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Size
$1–10M
What they do
Supports other charities through funding and operational assistance.
Leadership
Roland C Warren · President
Money in and out
$1.4M revenue, $197K expenses
Bottom line
+86% net inflow
Money in and out · FY2024
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$197K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Net inflow
+86%
revenue over expenses, this year▲ +107% vs prior filing year
Pass-through gifts
100%
of revenue from contributions▲ +38% vs prior filing year
Program spending
91%
of expenses reach stated programs▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.4M
FY2024▲ ×62
Expenses
$197K
FY2024▼ -37%
Total assets
$4.2M
FY2024▲ +54%
Total liabilities
$175K
FY2024▲ ×16
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$197K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$4.2M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCare Net Foundation
EINHdr · item D46-0951472
Principal addressHdr · item CLansdowne, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2012
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E111)
Ruling yearIRS BMFOct 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Care Net Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $181K of program spending, described in the organization's own filed words · FY2024.
01

The organization supports care net and other public charities whose work furthers care net's purposes by managing and administering planned giving programs to support those ministries.

$181Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.4M
Investment income$3K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$181K
Management & general9%$17K
Total functional expensesLn 25$197K

Balance Sheet

Part X · end of year
CashLn 1$3.4M
Total assetsLn 16$4.2M
Total liabilitiesLn 26$175K
Total net assetsLn 32$4.1M
Months of cash on handcomputed205.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.2M · Operating expenses/yr $197K
256.9 months
Where the money goes
Program services
Program services $181K · Total expenses $197K
91%
Management & General
Management & general $17K · Total expenses $197K
9%
Fundraising
Fundraising $0 · Total expenses $197K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $476K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
100%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $3K · Total revenue $1.4M
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $197K
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $23K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2019 $90K · FY2024 $1.4M
+74%
Net-asset trend (YoY)
End of year $4.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $197K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $4.2M
Net-asset ratio
Net assets $4.1M · Total assets $4.2M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $843K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.2M
20%
People & payroll
Highest Reported Total Compensation
Individual Roland C Warren · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $197K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $197K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Revenue growth ×62

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 1 funder$31K
Grants paid · 5 grants · $1.2M · 2019–2024
Care NetVA · FY2024$180,560
Care NetVA · FY2023$297,855
Care NetVA · FY2022$505,000
Care NetVA · FY2021$170,000
Care NetVA · FY2019$5,000

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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$23K revenue · ⤓ 990 PDF
FY2023$30 revenue · ⤓ 990 PDF
FY2022$916K revenue · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$90K 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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