Care Institute Group Inc
- Assets
- $4.2m
- Revenue
- $818.0k
- Investments
- $3.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 35-1902145
Organization Overview
Care Institute Group Inc is located in Indianapolis, IN. The organization was established in 1993. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care Institute Group 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 12/2021, Care Institute Group Inc generated $818.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 27.9% 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.
Since 2016, Care Institute Group Inc has awarded 252 individual grants totaling $8,319,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CENTRALIZED, EXECUTIVE, AND ADMINISTRATIVE SERVICES TO AFFILIATED NONPROFIT CORPORATIONS.
Describe the Organization's Program Activity:
PROVIDE FOR GENERAL WELFARE AND PROMOTE HEALTH OF MEMBERS OF THE COMMUNITY BY PROVIDING CENTRALIZED EXECUTIVE AND ADMINISTRATIVE SERVICES TO THREE AFFILIATED NONPROFIT CORPORATIONS WHICH PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY INCLUDING ESTABLISHING, OWNING, MAINTAINING, AND OPERATING NURSING HOMES, RELATED HEALTHCARE FACILITIES, AND RESIDENTIAL ASSISTED LIVING FACILITIES DESIGNED TO MEET THE HOUSING, HEALTH, AND FINANCIAL SECURITY NEEDS OF THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay L Hicks Director | 10 | $37,146 | |
Robert N Davies Director | 5 | $28,000 | |
Kelly L Adair Asst. Secretary/treasurer | 10 | $24,238 | |
Arnold M Whitman Director | 1 | $10,000 | |
James C Carlino Director | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,590 |
| Dividends & Interest | $97,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $705,417 |
| Capital Gain Net Income | $705,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $818,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $109,384 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18 |
| Total operating and administrative expenses | $184,781 |
| Contributions, gifts, grants paid | $864,500 |
| Total expenses and disbursements | $1,049,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,731 |
| Savings and temporary cash investments | $18,763 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,228,258 |
| Accounts payable and accrued expenses | $5,000 |
| Grants payable | $0 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Care Institute Group Inc has awarded $1,254,500 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY SCHOLARSHIP PURPOSE: SCHOLARSHIP | $200,000 |
BOSTON UNIVERSITY SCHOLARSHIP PURPOSE: SCHOLARSHIP | $100,000 |
Knoxville, TN PURPOSE: CAPITAL CAMPAIGN | $100,000 |
DUKE SCHOLARSHIP PURPOSE: SCHOLARSHIP | $100,000 |
Indianapolis, IN PURPOSE: CAPITAL CAMPAIGN/PRINT COMMUNICATIONS | $75,000 |
KNOXVILLE ZOO PURPOSE: CAPITAL CAMPAIGN/GENERAL PURPOSE | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Thomas Hickman Hospital St Louis, MO | $24,134,448 | $16,803,562 |
Prohealth Home Care Inc Waukesha, WI | $6,299,123 | $18,764,473 |
St Vincent Salem Hospital Inc St Louis, MO | $6,956,752 | $21,717,405 |
Wabash Memorial Hospital Association Decatur, IL | $9,506,670 | $13,426,944 |
Aspire Indiana Health Noblesville, IN | $3,576,197 | $13,333,064 |
Riggs Community Health Center Inc Lafayette, IN | $25,254,127 | $14,878,610 |
Sterling Health Solutions Inc Mt Sterling, KY | $9,010,714 | $13,531,321 |
Wamego Hospital Association St Louis, MO | $36,078,882 | $17,680,102 |
Kentucky Primary Care Association Inc Frankfort, KY | $24,979,444 | $13,536,797 |
Clark Community Mental Health Center Pierce City, MO | $11,571,657 | $11,906,933 |
Community Health Centers Of Western Kentucky Inc Greenville, KY | $18,210,332 | $12,355,929 |
Grace Village Health Care Facility Inc Winona Lake, IN | $4,795,562 | $8,838,747 |