Care2 Fund At Usli Inc
- Assets
- $490.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-3516159
Organization Overview
Care2 Fund At Usli Inc is located in Wayne, PA. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care2 Fund At Usli 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, Care2 Fund At Usli Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 14.4% 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.
Since 2020, Care2 Fund At Usli Inc has awarded 33 individual grants totaling $3,991,509. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE EMPLOYEES OF USLI THE OPPORTUNITY TO REQUEST DONATIONS TO BE MADE TO CHARITIES AND CAUSES TO WHICH THEY HAVE A DIRECT, PERSONAL CONNECTION, AND TO SERVE AS A PORTAL FOR FUNDS RAISED FROM USLI EMPLOYEES AND CUSTOMERS TO SUPPORT A BROAD RANGE OF CHARITABLE CAUSES AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARE2 FUND AT USLI INC. HAS A LONG-STANDING RELATIONSHIP WITH BREASTCANCER.ORG, A LOCAL CHARITY SPECIALIZING IN BREAST CANCER OUTREACH, EDUCATION AND RESEARCH. EVERY OCTOBER WE HOLD A SERIES OF OCTOBER TOGETHER FUNDRAISERS INCLUDING A SILENT AUCTION. THIS OUR LARGEST FUNDRAISER OF THE YEAR.
DONATIONS TO 78 CAUSES SUGGESTED BY MEMBERS OF THE USLI COMMUNITY, RANGING FROM MEDICAL SUPPORT FOR CRITICALLY ILL CHILDREN TO SUPPORT FOR INDIVIDUALS AND TEAMS PARTICIPATING IN FUNDRAISING EVENTS TO SUPPORT FOR COMMUNITY AND OUTREACH ORGANIZATIONS SUCH AS ANIMAL SHELTERS, COUNSELING CENTERS, DOMESTIC VIOLENCE CENTERS, AND FEEDING PROGRAMS. ALL DONATIONS RANGE FROM $250 TO $1,000 PER CAUSE. TEN OF THE CAUSES WERE SPECIFIC ASSISTANCE TO INDIVIDUALS: SIX TO ASSIST MEDICAL PATIENTS AND THEIR FAMILIES WITH MEDICAL OR OTHER EXPENSES, TWO TO HELP COVER FUNERAL EXPENSES AFTER A SUDDEN DEATH, AND ONE TO HELP WITH EMERGENCY EXPENSES AFTER A FIRE.
DONATIONS OF FUNDS RAISED FROM USLI EMPLOYEES, CLIENTS AND CUSTOMERS FOR DISASTER RELIEF AND IN SUPPORT OF CHARITABLE CAUSES. 2022 OUTREACH INCLUDED SUPPORT FOR UNDER-SERVED AND IN-NEED INDIVIDUALS; MENTAL HEALTH TREATMENT; MALARIA PREVENTION; CLEAN DRINKING WATER FOR HAITIANS; RELIEF FOR SURVIVORS OF MASS SHOOTINGS AND THEIR FAMILIES; PANCREATIC CANCER RESEARCH AND CONTRIBUTIONS TO THE AMERICAN RED CROSS FOR HUMANITARIAN AID TO UKRAINE.TWO OF THE FUNDRAISERS WERE TO SUPPORT THE EDUCATION OF THE SURVIVING CHILDREN OF INDIVIDUALS LOST TO ILLNESS.
THE CARE2 FUND AT USLI INC HAS ENTERED INTO A PARTNERSHIP WITH URBAN CREATORS, A 501(C)3 URBAN FARM IN PHILADELPHIA WORKING TO FEED AND EDUCATE UNDER-SERVED FAMILIES. $117,750 WAS CONTRIBUTED TO SUPPORT STAFF SALARIES, AND $35,863 WAS CONTRIBUTED TOWARD THE CONSTRUCTION OF NEW FACILITIES AT THE FARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Nerney Chairman | Trustee | 1 | $0 |
Joseph J Mclaughlin Jr Director | Trustee | 0.3 | $0 |
Stephen M Lyons Director | Trustee | 0.3 | $0 |
Sasha Moul President | Officer | 2 | $0 |
John Vesey Secretary | Officer | 2 | $0 |
David A Skoog Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,997 |
| Related organizations | $702,563 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,454 |
| Noncash contributions included in lines 1a–1f | $85,505 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,014 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,206 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $894,230 |
| Grants and other assistance to domestic individuals. | $108,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,012,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,697 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $490,697 |
| 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 | $490,697 |
| Net assets with donor restrictions | $0 |
| 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 | $490,697 |
Grants Awarded
Over the last fiscal year, Care2 Fund At Usli Inc has awarded $818,649 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN CREATORS PURPOSE: Support for an urban farm and community outreach organization. $117,750 was designated for staff salaries and $35,863 was given to support construction and infrastructure projects. | $153,613 |
BREASTCANCERDOTORG PURPOSE: Support for breast cancer awareness, outreach and research | $390,000 |
AMERICAN RED CROSS PURPOSE: Humanitarian aid for Ukraine. | $60,000 |
POURED OUT INC PURPOSE: Funding to construct water filter houses on Haiti to provide safe clean drinking water. | $52,545 |
UNITED NATIONS FOUNDATIONUNITED TO BEAT MALARIA PURPOSE: Malaria prevention | $48,700 |
TEAM IMPACT INC PURPOSE: Support for matching critically ill children with college sports teams for therapeutic healing. | $33,791 |