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Initium Cares FY2022 filing

Tax-deductible

Denver, CO501(c)(3)Health CareEIN 84-2561426Revenue $380K in FY2022

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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
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
$380K
-59% vs prior year
Spent
$563K
To programs
99%
Net assets
$215K
By yearFY2021–FY2024
Revenue
$380K
FY2022▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2021$924K
FY2022$380K
FY2023$0
FY2024$0
Expenses
$563K
FY2022▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2021$668K
FY2022$563K
FY2023$2K
FY2024$139
Net assets
$215K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$255K
FY2022$215K
FY2023$348
FY2024$209

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Aug 2019.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $558K Management & general 1% · $5K Fundraising 0% · $256

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

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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Provided by the organization

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1 program · $446K · in their own filed words · FY2022
01

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

$446Kprogram 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 · FY2022
Civic NationFY2022$60K
Total grants receivedfrom 1 funder$60K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$380K
Ln 12
Gifts and grantsLn 1h$380K
Money outPt IX
$563K
Ln 25
Programscol B$558K
Managementcol C$5K
Fundraisingcol D$256
Owns and owesPt X
$215K
net assets · Ln 32
Cash and savingsLn 1–2$60
Total assetsLn 16$215K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$380K
Government grantsLn 1e$380K
Total revenueLn 12$380K
Assets in detailPt X, end of year
CashLn 1$60
Cash and savings togetherLn 1–2$60
Total assetsLn 16$215K
LiabilitiesLn 26$0
Net assetsLn 32$215K
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 FY22End FY22
Cash and savingsLn 1–2$3K$60
Total assetsLn 16$255K$215K
LiabilitiesLn 26$0$0
Net assetsLn 32$255K$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$94K$94K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$446K$446K
Advertising and promotionLn 12$256$256
Office expensesLn 13$376$376
TravelLn 17$2K$2K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$563K$558K$5K$256

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$139−$139$209 990 PDF
FY2023 $0$2K−$2K$348 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $380,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $923,537$380,097
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $923,537$380,097
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,736$105,911
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $657,720$457,399
I-18 Total expensesPrior year $668,456$563,310
I-19 Revenue less expensesPrior year $255,081−$183,213
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 $380,097 across 3 lines filed
VIII-1e Government grants$380,097
VIII-1h Total contributions, gifts and grants$380,097
VIII-12 Total revenue$380,097
Part IX · Statement of functional expenses $563,310 across 9 lines filed
IX-7 Other salaries and wagesPrograms $93,740$93,740
IX-9 Other employee benefitsPrograms $6,117$6,117
IX-10 Payroll taxesPrograms $6,054$6,054
IX-11c Accounting feesPrograms $5,885$5,885
IX-11g Other fees for servicesPrograms $446,388$446,388
IX-12 Advertising and promotionFundraising $256$256
IX-13 Office expensesManagement $376$376
IX-17 TravelManagement $2,228$2,228
IX-23 InsuranceManagement $2,266$2,266
IX-25 Total functional expensesPrograms $558,184 · Management $4,870 · Fundraising $256$563,310
Part X · Balance sheet $215,084 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $3,078$60
X-3 Pledges and grants receivableStart of year $252,003$215,024
X-16 Total assetsStart of year $255,081$215,084
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $255,081$215,084
X-32 Total net assets or fund balancesStart of year $255,081$215,084
X-33 Total liabilities and net assetsStart of year $255,081$215,084
Part XI · Reconciliation of net assets $215,084 net assets at year end
XI-1 Total revenue$380,097
XI-2 Total expenses$563,310
XI-3 Revenue less expenses−$183,213
XI-4 Net assets at start of year$255,081
XI-9 Other changes in net assets$143,216
XI-10 Net assets at end of year$215,084

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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