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Initium Cares

Tax-deductible

Denver, CO501(c)(3)Health CareEIN 84-2561426

On file with the IRSinitiumcares.org1401 Wewatta St Unit 103, 80202-1315 · Denver, COTax-exempt since Aug 2019Publicly supported charity — 170(b)(1)(A)(vi)

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In 2019, Initium health established its nonprofit arm, Initium Cares, to provide infrastructure support to communities seeking to address structural barriers to their safety, health, and wellbeing. As a fiscal sponsor, Initium Cares leverages the acumen of its for-profit arm to help improve the efficacy of those with lived experiences seeking to self-organize to improve the conditions within their communities. Initium Cares provides the back-office services to community-based organizations freeing them up to focus on their mission driven activities. Initium Cares is seeking to move deeper into the communities most impacted by the inequities giving them the structural foundation upon which to amplify their voice and grow their programs. We are committed to reducing health inequities to improve human health, but we know that we need the community to help US reach our goals. Initium Cares aims to address the social determinants of health through the use of health informatics, behavioral h

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
1 of 4
filings with a surplus
Average surplus $17K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$139
To programs
100%
Net assets
$209
By yearFY2021–FY2024
Revenue
$0
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2021$924K
FY2022$380K
FY2023$0
FY2024$0
Expenses
$139
FY2024▼ -94%
Tap a bar for its year
Expenses by fiscal year
FY2021$668K
FY2022$563K
FY2023$2K
FY2024$139
Net assets
$209
FY2024▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2021$255K
FY2022$215K
FY2023$348
FY2024$209

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $139

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Initium Cares 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 15aYes

Programs and updates

Supports community groups by providing back-office services to address safety and health barriers.

Questions for Initium Cares

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Your first name shows with your question. Initium Cares answers here, for everyone.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Initium cares serves as a fiscal intermediary for a campaign to reduce vaccine hesitancy

Pt IX · col B

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 · FY2022
Civic NationFY2022$60K
Total grants receivedfrom 1 funder$60K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$139
Ln 25
Programscol B$139
Owns and owesPt X
$209
net assets · Ln 32
Cash and savingsLn 1–2$209
Total assetsLn 16$209
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$209
Cash and savings togetherLn 1–2$209
Total assetsLn 16$209
LiabilitiesLn 26$0
Net assetsLn 32$209
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$348$209
Total assetsLn 16$348$209
LiabilitiesLn 26$0$0
Net assetsLn 32$348$209
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$139$139
Total functional expensesLn 25$139$139$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $0$139−$139$209 990 PDF
FY2023 $0$2K−$2K$348 990 PDF
FY2022 $380K$563K−$183K$215K 990 PDF
FY2021 $924K$668K$255K$255K 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 FY2024 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,139$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,345$139
I-18 Total expensesPrior year $2,484$139
I-19 Revenue less expensesPrior year −$2,484−$139
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $139 across 1 line filed
IX-13 Office expensesPrograms $139$139
IX-25 Total functional expensesPrograms $139 · Management $0 · Fundraising $0$139
Part X · Balance sheet $209 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $348$209
X-16 Total assetsStart of year $348$209
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $348$209
X-32 Total net assets or fund balancesStart of year $348$209
X-33 Total liabilities and net assetsStart of year $348$209
Part XI · Reconciliation of net assets $209 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$139
XI-3 Revenue less expenses−$139
XI-4 Net assets at start of year$348
XI-10 Net assets at end of year$209

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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