To invest in initiatives and organizations that make a lasting difference in our members' lives and in their communities by improving their health and well-being.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $34K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$399K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+4% vs prior year
Spent
$3.7M
To programs
94%
Net assets
$737K
By yearFY2020–FY2024
Revenue
$3.7M
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.5M
FY2022$3.5M
FY2023$3.7M
FY2024$3.7M
Expenses
$3.7M
FY2023▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$4.0M
FY2022$4.6M
FY2023$3.7M
FY2024$3.4M
Net assets
$737K
FY2023▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$1.7M
FY2022$602K
FY2023$737K
FY2024$996K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Apr 2008.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $3.5M Management & general 6% · $228K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
CEO (to 3/23), Pres, Trustee
$0Pt VII · Sec A
Sec (eff 3/23), Trustee
$0Pt VII · Sec A
CFO (to 3/23) Then Treasurer
$0Pt VII · Sec A
Trustee (to 3/23)
$0Pt VII · Sec A
Chief Operating Ofr (to 4/23)
$0Pt VII · Sec A
Former Chief Admin Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Caresource Foundation executive salaries →

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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

Awards grants to nonprofit organizations that improve community health, eliminate poverty, and provide essential services to low- and moderate-income families.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2023
01

Since 2006, The CareSource Foundation has awarded more than $32 million to nonprofits that are working to eliminate poverty, provide much-needed services to low-and moderate-income families, encourage healthy communities, develop innovative approaches to address critical health issues and enhance the lives of a diverse array of children…

$3.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 327 grants · $15.0M · 2020–2024
Valley Healthcare System INCGA · FY2024$180,000
The Arc of Indiana INCIN · FY2024$150,000
Victory ProjectOH · FY2024$150,000
Bring Change 2 MindCA · FY2024$144,000
Manna Food BankNC · FY2024$100,000
Shepherd Community INCIN · FY2024$100,000
Apparo Solutions INCNC · FY2024$95,000
Sam's FansOH · FY2024$90,000
Maple Tree Cancer AllianceOH · FY2024$75,600
Npower INCNY · FY2024$75,000
CaringbridgeMN · FY2024$75,000
See all 327 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$169K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.5M
Managementcol C$228K
Owns and owesPt X
$737K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$399K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$169K
Gains on assetsLn 7$0
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$399K
Net assetsLn 32$737K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$1.6M$1.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.6M$1.1M
LiabilitiesLn 26$1.0M$399K
Net assetsLn 32$602K$737K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.4M$3.4M
Grants to domestic individualsLn 2$12K$12K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$228K$0$228K$0
Total functional expensesLn 25$3.7M$3.5M$228K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.7M$3.4M$258K$996K 990 PDF
FY2023 Viewing $3.7M$3.7M−$19K$737K 990 PDF
FY2022 $3.5M$4.6M−$1.1M$602K 990 PDF
FY2021 $3.5M$4.0M−$540K$1.7M 990 PDF
FY2020 $2.6M$1.3M$1.2M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $3,668,665 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,500,000$3,500,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,442$168,665
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,532,442$3,668,665
I-13 Grants and similar amounts paidPrior year $4,281,617$3,459,510
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $367,140$227,658
I-18 Total expensesPrior year $4,648,757$3,687,168
I-19 Revenue less expensesPrior year −$1,116,315−$18,503
Part VI · Governance 6 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
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 $3,668,665 across 8 lines filed
VIII-1d Related organizations$3,500,000
VIII-1h Total contributions, gifts and grants$3,500,000
VIII-3 Investment incomeExcluded from tax $168,665$168,665
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $168,665$3,668,665
Part IX · Statement of functional expenses $3,687,168 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $3,447,010$3,447,010
IX-2 Grants to domestic individualsPrograms $12,500$12,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $0 · Management $227,658 · Fundraising $0$227,658
IX-25 Total functional expensesPrograms $3,459,510 · Management $227,658 · Fundraising $0$3,687,168
Part X · Balance sheet $1,136,861 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,633,400$1,131,861
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$5,000
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,633,400$1,136,861
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $1,017,371$380,425
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $13,765$19,059
X-26 Total liabilitiesStart of year $1,031,136$399,484
X-27 Net assets without donor restrictionsStart of year $602,264$737,377
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $602,264$737,377
X-33 Total liabilities and net assetsStart of year $1,633,400$1,136,861
Part XI · Reconciliation of net assets $737,377 net assets at year end
XI-1 Total revenue$3,668,665
XI-2 Total expenses$3,687,168
XI-3 Revenue less expenses−$18,503
XI-4 Net assets at start of year$602,264
XI-8 Prior period adjustments$153,616
XI-10 Net assets at end of year$737,377

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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