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

Care Net Foundation FY2020 filing

Not yet claimed Claim this org →

Supports other charities through funding and operational assistance. For fiscal year 2020 it reported $90K in revenue, $11K in expenses, and $887K in net assets.Pt I

Founded
2012
Type
Supporting organization · Health Care
Location
Lansdowne, VA
Filings
5 on file (2020–2020)
Revenue
$90KFY2020
Expenses
$11K
Net assets
$887K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0951472 Supporting organization Lansdowne, VA Founded 2012
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Care Net Foundation claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Supports other charities through funding and operational assistance.
Leadership
Roland C Warren · President
Money in and out
$90K revenue, $11K expenses
Bottom line
+88% net inflow
Money in and out · FY2020
Total revenue
$90K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$887K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $79K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Net inflow
+88%
revenue over expenses, this year
Pass-through gifts
99%
of revenue from contributions
Program spending
53%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$90K
FY2020
Expenses
$11K
FY2020
Total assets
$898K
FY2020
Total liabilities
$11K
FY2020
Total revenue
$90K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$887K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$79K
Total assetsPt X · Ln 16$898K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

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 1a4
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Care Net Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $6K of program spending, described in the organization's own filed words · FY2019.
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.

$6Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$89K · 99%
Investment income$502 · 1%
Contributions & grants99%$89K
Investment income1%$502
Total revenueLn 12$90K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$6K
Management & general47%$5K
Total functional expensesLn 25$11K

Balance Sheet

Part X · end of year
CashLn 1$818K
Total assetsLn 16$898K
Total liabilitiesLn 26$11K
Total net assetsLn 32$887K
Months of cash on handcomputed934.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $818K · Operating expenses (Pt IX) $11K · Less non-cash grants $600 · Cash operating expenses/yr $10K
990.9 months
Where the money goes
Program services
Program services $6K · Total expenses $11K
53%
Management & General
Management & general $5K · Total expenses $11K
47%
Fundraising
Fundraising $0 · Total expenses $11K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $89K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $89K · Total revenue $90K
99%
Government reliance
Government grants — · Total revenue $90K
Earned-income share
Program service revenue $0 · Total revenue $90K
0%
Investment reliance
Investment income $502 · Total revenue $90K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $11K
0%
Growth & trend
Revenue growth (YoY)
This year $90K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $887K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $90K · Expenses $11K
+88%
Liabilities-to-Assets
Total liabilities — · Total assets $898K
Net-asset ratio
Net assets $887K · Total assets $898K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $898K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Roland C Warren · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $11K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $11K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Legal fee ratio 2%
Accounting fee ratio 36%

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

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.