Cares Foundation
- Assets
- $32.6m
- Revenue
- $3.2m
- Investments
- $31.7m
- Employees
- 0
- Location
- Carmichael, CA
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 45-2544055
Organization Overview
Cares Foundation is located in Carmichael, CA. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cares 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 12/2023, Cares Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 8 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 2014, Cares Foundation has awarded 101 individual grants totaling $12,624,258. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Meyers President | 1 | $0 | |
Olivia Kasirye Vice President | 1 | $0 | |
Alice Kessler Secretary | 1 | $0 | |
John Kay CFO | 1 | $0 | |
Ashley Brand Member | 1 | $0 | |
Erin Cabelera Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $739,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,486,961 |
| Capital Gain Net Income | $2,486,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,226,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,049 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,303 |
| Total operating and administrative expenses | $391,460 |
| Contributions, gifts, grants paid | $1,571,828 |
| Total expenses and disbursements | $1,963,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,693 |
| Savings and temporary cash investments | $501,621 |
| 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 | $2,168 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,554,244 |
| Accounts payable and accrued expenses | $148 |
| 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 | $33,379 |
| Total liabilities | $33,527 |
Grants Awarded
Over the last fiscal year, Cares Foundation has awarded $1,571,828 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNICARE HEALTH CENTERS PURPOSE: PREP CLINIC, NAVIGATION, REFERRALS FOR ON-SITE BEHAVIORAL HEALTH SERVICES | $75,000 |
COMMUNITY AGAINST SEXUAL HARM (CASH) PURPOSE: HIV/STI PREVENTION AND PROVIDE PREP INFORMATION TO SEX WORKERS. | $182,500 |
GOLDEN RULE SERVICES PURPOSE: NON-MEDICAL CASE MANAGEMENT FOR PEOPLE OF COLOR LIVING WITH HIV, HIV CARE | $44,400 |
HARM REDUCTION SERVICES (HRS) PURPOSE: STREET OUTREACH TO HOMELESS, SEX WORKERS AND INJECTION DRUG USERS | $310,000 |
ONE COMMUNITY HEALTH PURPOSE: HIV TESTING, CARE PROGRAM | $300,000 |
SACRAMENTO LGBT COMMUNITY CENTER PURPOSE: HIV/STI TESTING AND LINKAGE TO CARE, SAFER SEX SUPPLIES | $185,000 |