Chartercare Foundation
- Assets
- $6.6m
- Revenue
- $428.4k
- Investments
- $0.0
- Employees
- 1
- Location
- North Providence, RI
- Founding
- 03/1946
- Data as of
- 09/2021
- EIN
- 26-0236669
Organization Overview
Chartercare Foundation is located in North Providence, RI. The organization was established in 1946. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chartercare Foundation 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 09/2021, Chartercare Foundation generated $428.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $395.8k during the year ending 09/2021. While expenses have increased by 0.7% per year over the past 6 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.
Since 2016, Chartercare Foundation has awarded 48 individual grants totaling $1,014,484. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A COMMUNITY RESOURCE FOR ACCESSIBLE, AFFORDABLE AND RESPONSIVE HEALTH CARE AND RELATED SERVICES- INCLUDE DISEASE PREVENTION, EDUCATION AND RESEARCH GRANTS, SCHOLARSHIPS, CLINICS AND RELATED ACTIVITIES TO BENEFIT THE GREATER RHODE ISLAND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS A COMMUNITY RESOURCE FOR ACCESSIBLE, AFFORDABLE AND RESPONSIVE HEALTH CARE AND RELATED SERVICES- INCLUDE DISEASE PREVENTION, EDUCATION AND RESEARCH GRANTS, SCHOLARSHIPS, CLINICS AND RELATED ACTIVITIES TO BENEFIT THE GREATER RHODE ISLAND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wegzryn Mcgreen President | OfficerTrustee | 1 | $0 |
Peter F Deblasio Jr MD Secretary | OfficerTrustee | 1 | $0 |
Paula Iacono Executive Director | OfficerTrustee | 40 | $0 |
Shannon Shallcross Ms Vice President/treasurer | OfficerTrustee | 1 | $0 |
Angella Franklin Member | Trustee | 1 | $0 |
Carolyn Young MD Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,759 |
| Total Program Service Revenue | $0 |
| Investment income | $65,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $306,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $428,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,142 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,863 |
| Advertising and promotion | $0 |
| Office expenses | $4,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,449 |
| All other expenses | $0 |
| Total functional expenses | $395,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,481 |
| Savings and temporary cash investments | $359,178 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,163,586 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,584,245 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $305,875 |
| Net assets with donor restrictions | $6,278,370 |
| 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 | $6,584,245 |
Grants Awarded
Over the last fiscal year, Chartercare Foundation has awarded $170,142 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Middletown, RI PURPOSE: CHILDRENS MENTAL HEALTH EXPENSION | $38,802 |
Warwick, RI PURPOSE: WISH FOR WELLNESS FOR FAMILIES | $30,000 |
Woonsocket, RI PURPOSE: DENTAL EQUIPMENT FOR WOONSOCKET | $24,400 |
Providence, RI PURPOSE: COVID19 MENTAL HEALTH WAVE | $20,000 |
Providence, RI PURPOSE: PREGNANT WOMEN & CHILDREN | $16,940 |
Woonsocket, RI PURPOSE: NO WALLS GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chartercare Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Rhode Island Providence, RI PURPOSE: PROGRAM SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
The Providence Community Health Centers Inc Providence, RI | $92,213,963 | $88,659,107 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Brockton Neighborhood Health Center Inc Brockton, MA | $39,658,697 | $59,119,729 |
Lowell Community Health Center Inc Lowell, MA | $88,154,778 | $59,766,224 |
Mhs Primary Care Inc Middletown, CT | $15,353,098 | $33,843,223 |
Codman Square Health Center Inc Dorchester, MA | $53,827,018 | $55,977,934 |
South-West Community Health Center Inc Bridgeport, CT | $31,905,699 | $50,188,617 |