Caringbridge
- Assets
- $6.5m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 55
- Location
- Bloomington, MN
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 42-1529394
Organization Overview
Caringbridge is located in Bloomington, MN. The organization was established in 2002. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Caringbridge employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caringbridge 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 12/2023, Caringbridge generated $12.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $11.8m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FROM THE LAUNCH OF THE VERY FIRST CARINGBRIDGE SITE, WE'VE BEEN WORKING TOWARD A SINGLE VISION: A WORLD WHERE NO ONE GOES THROUGH A HEALTH JOURNEY ALONE. IN ORDER TO TURN THIS VISION INTO REALITY, WE'VE MADE IT OUR MISSION TO BUILD BRIDGES OF CARE AND COMMUNICATION PROVIDING LOVE AND SUPPORT ON A HEALTH JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"CARINGBRIDGE (THE ORGANIZATION) IS A NO-COST NONPROFIT HEALTH COMMUNICATION PLATFORM THAT SURROUNDS FAMILY CAREGIVERS WITH SUPPORT WHILE THEY CARE FOR A LOVED ONE ON A HEALTH JOURNEY.FEELINGS OF BEING OVERWHELMED, ISOLATED, AND LONELY ARE PREVALENT AMONG FAMILY CAREGIVERS AND THE LOVED ONES THEY SUPPORT ON A HEALTH JOURNEY. CARINGBRIDGE ADDRESSES THOSE NEEDS BY IMPROVING EMOTIONAL HEALTH AND SOCIAL SUPPORT, HELPING PEOPLE COME TOGETHER IN SUPPORT OF HEALING. SINCE 1997, WE'VE MADE IT EASY TO SHARE UPDATES AND ACTIVATE A SUPPORT NETWORK ALL IN ONE PLACE. CARINGBRIDGE IS NO-COST, SECURE, PRIVATE, AD-FREE, AND NEVER SELLS DATA.BENEFITS OF USE: SINCE JUNE 1997, NEARLY 1 MILLION CARINGBRIDGE PAGES HAVE BEEN CREATED. THREE HUNDRED THOUSAND (300,000) PEOPLE VISIT CARINGBRIDGE EVERY DAY TO GIVE OR RECEIVE SUPPORT. SIXTEEN HUNDRED (1,600) MESSAGES OF LOVE, HOPE, AND SUPPORT ARE POSTED EVERY HOUR.CARINGBRIDGE OFFERS FOUR MAIN WAYS TO HELP:COMMUNICATE - SUPPORT THAT HELPS YOU CONNECT: COMMUNICATE TO EVERYONE ALL AT ONCE IN A SAFE AND PRIVATE SPACE, RELIEVING THE BURDEN OF INIDVIDUALLY UPDATING PEOPLE.CAPTURE - SUPPORT THAT HELPS YOU PROCESS: THE VERY ACT OF CAPTURING A LOVED ONES' HEALTH JOURNEY IMPROVES EMOTIONAL HEALTH AND SOCIAL SUPPORT.COORDINATE - SUPPORT THAT HELPS YOU ASK FOR HELP: MAKING IT EASY TO ASK FOR HELP, BECAUSE WE KNOW IT'S OFTEN THE MOST DIFFICULT THING TO ASK FOR. COMMUNITY - SUPPORT THAT HELPS YOU FEEL LESS ALONE: BRINGING TOGETHER THE COMMUNITY OF YOUR CHOICE TO RALLY SUPPORT AND CONNECT YOU WITH OTHERS WHO HAVE HAD SIMILAR EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tia Newcomer Chief Executive Officer | OfficerTrustee | 40 | $370,000 |
Scott Spiker Chair | OfficerTrustee | 2 | $0 |
Sarah Krevans Vice Chair | OfficerTrustee | 2 | $0 |
Molly Jungbauer Treasurer | OfficerTrustee | 2 | $0 |
Jodi Hubler Immediate Past Chair | Trustee | 2 | $0 |
Calvin Allen Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amazon Web Services Technology Hosting | 12/30/23 | $440,432 |
Slalom Technology Consulting | 12/30/23 | $274,850 |
Impact Proven Solutions Direct Mail Consultant | 12/30/23 | $252,178 |
Wise It Consulting Inc Technology Staffing And Consulting | 12/30/23 | $218,280 |
Nextafter Fundraising Consultants | 12/30/23 | $183,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,403,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,422,686 |
| Total Program Service Revenue | $0 |
| Investment income | $70,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $261,630 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $80,555 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,845,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,335,491 |
| Compensation of current officers, directors, key employees. | $154,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,523,350 |
| Pension plan accruals and contributions | $137,174 |
| Other employee benefits | $378,135 |
| Payroll taxes | $393,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,488 |
| Fees for services: Accounting | $21,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $213,332 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,591,994 |
| Advertising and promotion | $841,100 |
| Office expenses | $243,810 |
| Information technology | $1,116,326 |
| Royalties | $0 |
| Occupancy | $203,020 |
| Travel | $84,762 |
| 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 | $2,580 |
| Insurance | $26,355 |
| All other expenses | $0 |
| Total functional expenses | $11,751,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,137,575 |
| Savings and temporary cash investments | $582,722 |
| Pledges and grants receivable | $954,138 |
| Accounts receivable, net | $152,487 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,150 |
| Prepaid expenses and deferred charges | $175,742 |
| Net Land, buildings, and equipment | $722,951 |
| Investments—publicly traded securities | $1,443,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,749 |
| Total assets | $6,535,180 |
| Accounts payable and accrued expenses | $812,687 |
| 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 | $356,803 |
| Total liabilities | $1,169,490 |
| Net assets without donor restrictions | $3,505,659 |
| Net assets with donor restrictions | $1,860,031 |
| 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 | $6,535,180 |