Chartercare Foundation
- Assets
- $6.0m
- Revenue
- $245.5k
- Investments
- $0.0
- Employees
- 1
- Location
- North Providence, RI
- Founding
- 03/1946
- Data as of
- 09/2023
- 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 09/2023, Chartercare Foundation generated $245.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $422.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chartercare Foundation has awarded 67 individual grants totaling $1,440,502. 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
2023
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 |
Shannon Shallcross Ms Vice President/treasurer | OfficerTrustee | 1 | $0 |
Paula Iacono Executive Director | OfficerTrustee | 40 | $101,616 |
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 | $61,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,144 |
| Total Program Service Revenue | $0 |
| Investment income | $67,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,202 |
| 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 | $7,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $190 |
| 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 | $918 |
| Advertising and promotion | $0 |
| Office expenses | $3,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,550 |
| 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 | $8,438 |
| All other expenses | $0 |
| Total functional expenses | $422,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,208 |
| Savings and temporary cash investments | $557,927 |
| 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 | $5,411,203 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,008,338 |
| 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 | $453,385 |
| Net assets with donor restrictions | $5,554,953 |
| 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 | $6,008,338 |
Grants Awarded
Over the last fiscal year, Chartercare Foundation has awarded $193,702 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THUNDERMIST HEALTH PURPOSE: PEDIATRIC SUITE | $25,000 |
A WISH COME TRUE PURPOSE: FOOD FOR WISH FAMILIES | $25,000 |
HASBRO CHILDRENS HOSPITAL PURPOSE: FOOD AS MEDICINE | $24,792 |
AMENITY AID PURPOSE: HYGIENE POVERTY IN RI | $15,000 |
DENTAL LIFELINE NETWORK PURPOSE: DENTAL SERVICES FOR DISABLED | $10,000 |
RI ORAL HEALTH FOUNDATION PURPOSE: MISSION OF MERCY | $15,000 |