Carenet INC FY2020 filing

Tax-deductible

Winston Salem, NC501(c)(3)EmploymentEIN 56-1977341Revenue $4.9M in FY2020

On file with the IRScarenetnc.org2000 W 1st St Ste 410, 27104-4225 · Winston Salem, NCTax-exempt since Dec 1996Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

To improve the health of the mind, body, spirit and community through spiritually-integrated counseling, psychotherapy, research and education.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$171K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $522K a year · 10% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$171K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
Spent
$4.9M
To programs
98%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$4.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9M
FY2021$5.0M
FY2021$2.6M
FY2022$5.6M
FY2023$5.2M
FY2024$5.7M
Expenses
$4.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.3M
FY2021$2.9M
FY2022$5.7M
FY2023$6.4M
FY2024$6.7M
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$931K
FY2021$635K
FY2022$515K
FY2023−$625K
FY2024−$1.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $4.8M Management & general 2% · $115K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

12 people listed on the 990; $171K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Trustee, President
$171,277Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee (to 12/31/19)
$0Pt VII · Sec A
$0Pt VII · Sec A

Bradley a Clark’s $2.5M as Treasurer is at the 100th percentile of top reported officer pay among 1245 $1–10M employment 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Bradley a Clark$2,513,703$1,431,976$1,335,054———
Terry G Williams$2,204,442—————
J McLain Wallace JR$1,659,102$983,574$984,139———
Alisa Starbuck Dnp$870,609—————
Jennifer Houlihan$424,348—————
Bryan Hatcher————$139,507$171,277
Christopher Gambill$165,231—————
Bryan Hatcher Drph—$49,927$151,478$145,904——

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.

See Carenet INC executive salaries →

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

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers counseling, therapy, research, and education to improve mind, body, spirit, and community health.

Questions for Carenet INC

Tap to ask. Carenet INC sees how many people are interested.

Your first name shows with your question. Carenet INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $4.8M · in their own filed words · FY2019
01

During fiscal year 2020, the organization provided 35,925 hours of mental health counseling through 37 locations across the state of north carolina. 5,364 of those hours were provided by our cohort of eleven residents, five of whom will complete residency and continue with carenet as licensed clinicians providing ongoing service to…

$4.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Fees for servicesLn 2g$4.2M
Gifts and grantsLn 1h$634K
Other incomeLn 4–11$116K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$115K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$634K
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$6K
Other incomeLn 4–11$116K
Gains on assetsLn 7−$1K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$83K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.5M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.6M$1.7M
InvestmentsLn 11–13$86K$83K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.5M$2.8M
LiabilitiesLn 26$1.2M$1.5M
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K$129K$12K
Other salaries and wagesLn 7$3.5M$3.4M$39K
Other employee benefitsLn 9$777K$769K$9K
Management feesLn 11a$36K$29K$8K
Investment management feesLn 11f$54K$51K$3K
Other fees for servicesLn 11g$67K$61K$6K
Office expensesLn 13$23K$18K$4K
Information technologyLn 14$108K$88K$20K
TravelLn 17$34K$29K$5K
Conferences, conventions and meetingsLn 19$42K$33K$9K
Other expenses (24a–d)Ln 24$193K$193K
Total functional expensesLn 25$4.9M$4.8M$115K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.7M$6.7M−$1.0M−$1.6M 990 PDF
FY2023 $5.2M$6.4M−$1.1M−$625K 990 PDF
FY2022 $5.6M$5.7M−$108K$515K 990 PDF
FY2021 $5.0M$5.3M−$341K$931K 990 PDF
FY2020 Viewing $4.9M$4.9M−$14K$1.3M 990 PDF

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

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,931,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $578,562$633,500
I-9 Program service revenuePrior year $3,146,537$4,175,221
I-10 Investment incomePrior year $2,038$6,364
I-11 Other revenuePrior year $116,959$116,305
I-12 Total revenuePrior year $3,844,096$4,931,390
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,202,790$4,387,048
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $457,327$558,318
I-18 Total expensesPrior year $3,660,117$4,945,366
I-19 Revenue less expensesPrior year $183,979−$13,976
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,931,390 across 8 lines filed
VIII-1d Related organizations$45,500
VIII-1f All other contributions, gifts and grants$588,000
VIII-1h Total contributions, gifts and grants$633,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,175,221$4,175,221
VIII-3 Investment incomeExcluded from tax $7,518$7,518
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,154−$1,154
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $116,305$116,305
VIII-12 Total revenueRelated to mission $4,175,221 · Unrelated business $116,305 · Excluded from tax $6,364$4,931,390
Part IX · Statement of functional expenses $4,945,366 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $128,726 · Management $11,505$140,231
IX-7 Other salaries and wagesPrograms $3,430,553 · Management $38,867$3,469,420
IX-9 Other employee benefitsPrograms $768,688 · Management $8,709$777,397
IX-11a Management feesPrograms $28,853 · Management $7,568$36,421
IX-11f Investment management feesPrograms $51,005 · Management $3,453$54,458
IX-11g Other fees for servicesPrograms $61,433 · Management $5,999$67,432
IX-13 Office expensesPrograms $18,383 · Management $4,282$22,665
IX-14 Information technologyPrograms $87,948 · Management $20,487$108,435
IX-17 TravelPrograms $28,958 · Management $5,125$34,083
IX-19 Conferences, conventions and meetingsPrograms $32,955 · Management $9,023$41,978
IX-24 Other expenses (24a–d)Programs $192,846$192,846
IX-25 Total functional expensesPrograms $4,830,348 · Management $115,018 · Fundraising $0$4,945,366
Part X · Balance sheet $2,758,755 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,641,607$1,659,176
X-4 Accounts receivableStart of year $773,838$1,016,955
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $85,576$82,624
X-16 Total assetsStart of year $2,501,021$2,758,755
X-17 Accounts payable and accrued expensesStart of year $1,149,096$1,503,083
X-19 Deferred revenueStart of year $69,864$0
X-26 Total liabilitiesStart of year $1,218,960$1,503,083
X-27 Net assets without donor restrictionsStart of year $1,273,514$1,255,672
X-28 Net assets with donor restrictionsStart of year $8,547$0
X-32 Total net assets or fund balancesStart of year $1,282,061$1,255,672
X-33 Total liabilities and net assetsStart of year $2,501,021$2,758,755
Part XI · Reconciliation of net assets $1,255,672 net assets at year end
XI-1 Total revenue$4,931,390
XI-2 Total expenses$4,945,366
XI-3 Revenue less expenses−$13,976
XI-4 Net assets at start of year$1,282,061
XI-5 Net unrealized gains (losses) on investments−$3,866
XI-9 Other changes in net assets−$8,547
XI-10 Net assets at end of year$1,255,672

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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

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 pay comparisons above.