Ucare Foundation EIN 46-4795214

Ucare Foundation

EIN  46-4795214 Supporting organization Stuart, VA Founded 2014
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/30/26 · see original filing: IRS
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Size
$1–10M
What they do
Grants funds to improve the health and well-being of underserved populations throughout Minnesota.
Leadership
Mariam Mohamed · Director (through Dec 2025)
Money in and out
$1.6M revenue, $521K expenses
Bottom line
+67% net inflow

Grants funds to improve the health and well-being of underserved populations throughout Minnesota. For fiscal year 2025 it reported $1.6M in revenue, $521K in expenses, and $11.2M in net assets.Pt I

Money in and out · FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$11.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Net inflow
+67%
revenue over expenses, this year▲ +429% vs prior filing year
Pass-through gifts
0%
of revenue from contributions▼ -100% vs prior filing year
Program spending
98%
of expenses reach stated programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.6M
FY2025▼ -50%
Expenses
$521K
FY2025▼ -86%
Total assets
$11.2M
FY2025▼ -68%
Total liabilities
$10K
FY2025▼ -100%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$11.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$11.2M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $511K of program spending, described in the organization's own filed words · FY2025.
01

See schedule o

$511Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUcare Foundation
EINHdr · item D46-4795214
Principal addressHdr · item CStuart, VA
WebsiteHdr · item Jwww.ucare.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E11)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
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
Director (through Dec 2025)
$0Pt VII · Sec A
Director (through Dec 2025)
$0Pt VII · Sec A
Director (through Dec 2025)
$0Pt VII · Sec A
Director (through Dec 2025)
$0Pt VII · Sec A
Driector (through Dec 2025)
$0Pt VII · Sec A
Director (through Dec 2025)
$0Pt VII · Sec A
Director (through Dec 2025)
$0Pt VII · Sec A
Board Chair (through Dec 2025)
$0Pt VII · Sec A
See Ucare Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$1.6M
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$511K
Management & general2%$9K
Total functional expensesLn 25$521K

Balance Sheet

Part X · end of year
CashLn 1$8.0M
Total assetsLn 16$11.2M
Total liabilitiesLn 26$10K
Total net assetsLn 32$11.2M
Months of cash on handcomputed184.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.1M · Operating expenses/yr $521K
256.9 months
Where the money goes
Program services
Program services $511K · Total expenses $521K
98%
Management & General
Management & general $9K · Total expenses $521K
2%
Fundraising
Fundraising $0 · Total expenses $521K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $26.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.6M
0%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $1.6M · Total revenue $1.6M
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $521K
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $3.2M
-50%
Revenue CAGR
FY2020 $1.2M · FY2025 $1.6M
+6%
Net-asset trend (YoY)
End of year $11.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $521K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $11.2M
Net-asset ratio
Net assets $11.2M · Total assets $11.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11.2M
28%
People & payroll
Highest Reported Total Compensation
Individual Mariam Mohamed · Reported title DIRECTOR (THROUGH DEC 2025) · Highest reported compensation $0 · Total expenses $521K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $521K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth -50%

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 · FY2023
Ucare MinnesotaFY2023$80.0M
Total grants receivedfrom 1 funder$80.0M
Grants paid · 204 grants · $110.8M · 2020–2025
Social Good Fund INCCA · FY2025$50,000
Fairview Health ServicesMN · FY2025$50,000
The Tiwahe FoundationMN · FY2025$30,000
Mille Lacs Band of Ojibwe IndiansFY2025$30,000
Dakota CountyFY2025$25,000
Otter Tail CountyFY2025$25,000
Hennepin CountyFY2025$13,000
Sabathani Community CenterMN · FY2025$10,000
Blue Earth CountyFY2025$8,500
Apple Tree DentalMN · FY2024$450,000
Apple Tree DentalMN · FY2024$150,000
Wilderness Inquiry INCMN · FY2024$100,000
Vine Faith in ActionMN · FY2024$100,000
See all 204 grants →

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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)$1.6M revenue · viewing · ⤓ 990 PDF
FY2024$3.2M revenue · ⤓ 990 PDF
FY2023$82.5M revenue · ⤓ 990 PDF
FY2022$28.3M revenue · ⤓ 990 PDF
FY2021$2.4M 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) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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