Carereach Inc
- Assets
- $2.2m
- Revenue
- $918.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 56-2097503
Organization Overview
Carereach Inc is located in Asheville, NC. The organization was established in 1999. According to its NTEE Classification (E60) the organization is classified as: Health Support, 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. Carereach 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 06/2022, Carereach Inc generated $918.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CARE COORDINATION ACROSS MEDICAL, BEHAVIORAL HEALTH AND SOCIAL SERVICE SYSTEMS IN WESTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A PARTNER IN THE HEALTH SAFETY NET SYSTEM OF WESTERN NORTH CAROLINA AND BRIDGE CONNECTIONS BETWEEN THE MEDICAL SYSTEM, COMMUNITY RESOURCES, AND COMMUNITY MEMBERS TO CREATIVELY SOLVE COMPLEX HEALTH PROBLEMS THROUGH DIRECT SERVICES SUPPORT PROGRAMS AND HEALTH INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Williams Executive Di | Officer | 40 | $101,223 |
Dr Harald Kowa Chairman | OfficerTrustee | 0.25 | $0 |
Dr Chad Smoker Vice Chairma | OfficerTrustee | 0.25 | $0 |
Dr Evan Beasley Secretary/tr | OfficerTrustee | 0.25 | $0 |
Margarita Ramirez Director | Trustee | 0.25 | $0 |
Kevin Parker Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,991 |
| Total Program Service Revenue | $216,030 |
| Investment income | $10,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,184 |
| 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. | $101,223 |
| Compensation of current officers, directors, key employees. | $101,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,596 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,145 |
| Advertising and promotion | $0 |
| Office expenses | $13,613 |
| Information technology | $13,350 |
| Royalties | $0 |
| Occupancy | $41,700 |
| Travel | $16,415 |
| 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 | $10,286 |
| All other expenses | $12,976 |
| Total functional expenses | $1,106,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,855 |
| Savings and temporary cash investments | $414,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,263 |
| 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 | $5,860 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,259,109 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $2,178,610 |
| Accounts payable and accrued expenses | $126,067 |
| Grants payable | $0 |
| Deferred revenue | $62,957 |
| 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 | $62,887 |
| Total liabilities | $251,911 |
| Net assets without donor restrictions | $1,290,410 |
| Net assets with donor restrictions | $636,289 |
| 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 | $2,178,610 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carereach Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Gateway Wellness Foundation Marion, NC PURPOSE: MATCH CENTRALIZED CARE COORDINATION AND CASE MANAGEMENT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Vine International Inc Knoxville, TN | $268,672 | $13,371,180 |
Generations Health Association Inc Mcminnville, TN | $13,336,453 | $14,398,370 |
Lsa Pharmacy Inc Salisbury, NC | $13,077,982 | $7,537,503 |
Arlington Free Clinic Inc Arlington, VA | $10,623,564 | $5,707,203 |
Fredericksburg Area Regional Health Council Inc Fredericksburg, VA | $3,229,753 | $4,303,398 |
Whole Womans Advocacy Alliance Charlottesville, VA | $2,944,404 | $5,509,310 |
Greater Hickory Cooperative Christian Ministry Hickory, NC | $4,458,990 | $3,541,261 |
Cornerstone Support Services Providence Forge, VA | $1,749,824 | $3,920,333 |
American College Of Osteopathic Internists Inc Arlington, VA | $6,444,455 | $4,032,744 |
Carolina Collaborative Community Care Inc Fayetteville, NC | $3,441,365 | $1,867,243 |
Georgia Partnership For Telehealth Inc Waycross, GA | $926,460 | $2,337,188 |