Catalyst Cares Foundation FY2023 filing

Tax-deductible

Plano, TX501(c)(3)Health CareEIN 85-0822605

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To change the trajectory of health in our country, we must empower primary care to make the greatest impact on the most people possible. At Catalyst were working relentlessly to do just that. Because when we say that we believe in primary care for all, we mean everyone.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$107K 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

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
1 of 4
filings with a surplus
Average deficit $29K a year · 7% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
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 · $36K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$417K
-36% vs prior year
Spent
$574K
To programs
76%
Net assets
$158K
By yearFY2020–FY2024
Revenue
$417K
FY2023▼ -36%
Revenue by fiscal year
FY2020$238K
FY2021$118K
FY2022$647K
FY2023$417K
FY2024$464K
Expenses
$574K
FY2023▼ -11%
Expenses by fiscal year
FY2020$7K
FY2021Not on file
FY2022$649K
FY2023$574K
FY2024$652K
Net assets
$158K
FY2023▼ -51%
Net assets by fiscal year
FY2020$231K
FY2021$326K
FY2022$324K
FY2023$158K
FY2024−$30K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 2021.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $438K Management & general 23% · $135K Fundraising 0% · $2K

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

5 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$107,396Pt VII · Sec A
Director
$0Pt VII · Sec A
President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michelle Lynn Degrate’s $147K as Executive Director is at the 94th percentile of top reported officer pay among 1980 $100K–1M health care 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Michelle Lynn Degrate$147,352———
Kathryn Anderson—$107,396$100,577—
Michelle Forbes———$14,587

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 Catalyst Cares 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 15aYes

Programs and updates

Empowering primary care to improve health for everyone across the country.

Provided by the organization

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1 program · $438K · in their own filed words · FY2023
01

Lightpath health brings an innovative, comprehensive primary care model directly to communities with low access to healthcare. Care sites are embedded with trusted place-based community partners and patients, referred to as neighbors are recruited through referrals and community events.

$438Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$36K
Grants paid · 1 grant · $15K · 2023–2023
Unitemized GrantFY2023$14,804

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$417K
Ln 12
Gifts and grantsLn 1h$414K
Other incomeLn 4–11$3K
Money outPt IX
$574K
Ln 25
Programscol B$438K
Managementcol C$135K
Fundraisingcol D$2K
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$195K
LiabilitiesLn 26$37K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$414K
Noncash giftsLn 1g$6K
Other incomeLn 4–11$3K
Total revenueLn 12$417K
Assets in detailPt X, end of year
CashLn 1$193K
Cash and savings togetherLn 1–2$193K
Other assetsLn 15$0
Total assetsLn 16$195K
LiabilitiesLn 26$37K
Net assetsLn 32$158K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$321K$193K
Total assetsLn 16$328K$195K
LiabilitiesLn 26$3K$37K
Net assetsLn 32$324K$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$107K$97K$10K
Other salaries and wagesLn 7$167K$151K$15K
Pension plan contributionsLn 8$7K$6K$657
Other employee benefitsLn 9$21K$19K$2K
Payroll taxesLn 10$21K$19K$2K
Legal feesLn 11b$55K$55K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$96K$96K
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$20K$13K$7K
Information technologyLn 14$10K$7K$785$2K
OccupancyLn 16$7K$6K$245
TravelLn 17$10K$7K$3K
Total functional expensesLn 25$574K$438K$135K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $464K$652K−$189K−$30K 990 PDF
FY2023 Viewing $417K$574K−$158K$158K 990 PDF
FY2022 $647K$649K−$2K$324K 990 PDF
FY2021 $118K$326K 990 PDF
FY2020 $238K$7K$231K$231K 990 PDF

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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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $416,616 across 5 lines filed
VIII-1f All other contributions, gifts and grants$413,540
VIII-1g Noncash contributions (included above)$6,340
VIII-1h Total contributions, gifts and grants$413,540
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,076$3,076
VIII-12 Total revenueRelated to mission $3,076 · Unrelated business $0 · Excluded from tax $0$416,616
Part IX · Statement of functional expenses $574,441 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $14,804$14,804
IX-5 Pay of current officers, directors and key staffPrograms $97,455 · Management $9,941$107,396
IX-7 Other salaries and wagesPrograms $151,390 · Management $15,443$166,833
IX-8 Pension plan contributionsPrograms $6,443 · Management $657$7,100
IX-9 Other employee benefitsPrograms $18,936 · Management $1,932$20,868
IX-10 Payroll taxesPrograms $18,902 · Management $1,928$20,830
IX-11b Legal feesManagement $54,643$54,643
IX-11c Accounting feesManagement $3,876$3,876
IX-11g Other fees for servicesPrograms $96,251$96,251
IX-12 Advertising and promotionManagement $35,088$35,088
IX-13 Office expensesPrograms $13,130 · Management $7,089$20,219
IX-14 Information technologyPrograms $7,116 · Management $785 · Fundraising $2,114$10,015
IX-16 OccupancyPrograms $6,340 · Management $245$6,585
IX-17 TravelPrograms $6,950 · Management $2,983$9,933
IX-25 Total functional expensesPrograms $437,717 · Management $134,610 · Fundraising $2,114$574,441
Part X · Balance sheet $195,154 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $320,606$193,092
X-9 Prepaid expenses and deferred chargesStart of year $1,927$2,062
X-15 Other assetsStart of year $5,000$0
X-16 Total assetsStart of year $327,533$195,154
X-17 Accounts payable and accrued expensesStart of year $3,345$28,703
X-25 Other liabilitiesStart of year $0$8,000
X-26 Total liabilitiesStart of year $3,345$36,703
X-27 Net assets without donor restrictionsStart of year $324,188$108,451
X-28 Net assets with donor restrictionsStart of year $0$50,000
X-32 Total net assets or fund balancesStart of year $324,188$158,451
X-33 Total liabilities and net assetsStart of year $327,533$195,154
Part XI · Reconciliation of net assets $158,451 net assets at year end
XI-1 Total revenue$416,616
XI-2 Total expenses$574,441
XI-3 Revenue less expenses−$157,825
XI-4 Net assets at start of year$324,188
XI-8 Prior period adjustments−$7,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$158,451

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

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