Boehringer Ingelheim Cares Foundation Inc
- Assets
- $158.1m
- Revenue
- $1.1b
- Investments
- $52.8m
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 31-1810072
Organization Overview
Boehringer Ingelheim Cares Foundation Inc is located in Ridgefield, CT. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boehringer Ingelheim Cares Foundation 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 12/2022, Boehringer Ingelheim Cares Foundation Inc generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.0b during the year ending 12/2022. While expenses have increased by 18.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCT DONATIONS FOR PATIENT ASSISTANCE PROGRAM SEE STATEMENT 17
PRODUCT DONATIONS FOR THOSE SUFFERING AS A RESULT OF NATURAL DISASTERS SEE STATEMENT 17
CASH GRANTS TO CHARITABLE ORGANIZATIONS SEE STATEMENT 17
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean-Michel Boers Chairman | 0.5 | $0 | |
Karen Ianella President | 5 | $0 | |
Michelle Potpan Treasurer | 5 | $0 | |
Debra Forster ESQ Secretary - Thru 6/30/22 | 4 | $0 | |
Christian Orth Director | 0.5 | $0 | |
Jamie Eden Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,067,148,883 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,433,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,040 |
| Capital Gain Net Income | $183,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,068,765,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,968 |
| Depreciation | $0 |
| Occupancy | $6,913 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,352,178 |
| Total operating and administrative expenses | $10,661,418 |
| Contributions, gifts, grants paid | $1,031,033,999 |
| Total expenses and disbursements | $1,041,695,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,540 |
| Savings and temporary cash investments | $10,106 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $103,649,312 |
| Prepaid expenses and deferred charges | $27,720 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,121,310 |
| Accounts payable and accrued expenses | $503,086 |
| Grants payable | $32,691 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $535,777 |