Americares Free Clinic Inc
- Assets
- $3.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Stamford, CT
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 06-1422741
Organization Overview
Americares Free Clinic Inc is located in Stamford, CT. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Americares Free Clinic Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americares Free Clinic Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Americares Free Clinic Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE HEALTH CARE TO UNINSURED RESIDENTS OF NORWALK, DANBURY, STAMFORD & BRIDGEPORT CT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Squires President & CEO | OfficerTrustee | 1 | $0 |
Karen Gottieb Executive Director/directo | OfficerTrustee | 40 | $197,897 |
M Rashad Massoud MD MPH Facp Director | OfficerTrustee | 1 | $0 |
Jerry P Leamon Chairman (thru 6/2022) | OfficerTrustee | 1 | $0 |
Jay H Sandak Secretary | OfficerTrustee | 1 | $0 |
Elizabeth P Allen Director (as Of 10/2021) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $550 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,242,231 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,304,313 |
| Noncash contributions included in lines 1a–1f | $1,478,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,547,094 |
| Total Program Service Revenue | $0 |
| Investment income | $72,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$132,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,487,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,515,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,823 |
| Compensation of current officers, directors, key employees. | $74,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,540,831 |
| Pension plan accruals and contributions | $118,962 |
| Other employee benefits | $495,448 |
| Payroll taxes | $214,694 |
| Fees for services: Management | $1,853 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,016 |
| Fees for services: Other | $12,866 |
| Advertising and promotion | $2,426 |
| Office expenses | $26,906 |
| Information technology | $97,543 |
| Royalties | $0 |
| Occupancy | $234,017 |
| Travel | $3,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129 |
| Interest | $3,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,862 |
| Insurance | $95,431 |
| All other expenses | $113,818 |
| Total functional expenses | $5,748,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $365,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $635,195 |
| Prepaid expenses and deferred charges | $31,441 |
| Net Land, buildings, and equipment | $146,022 |
| Investments—publicly traded securities | $2,094,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,272,120 |
| Accounts payable and accrued expenses | $725,648 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $0 |
| Total liabilities | $1,025,648 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,246,472 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,272,120 |