Care Foundation Of America Inc
- Assets
- $57.3m
- Revenue
- $4.0m
- Investments
- $56.3m
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 62-1802653
Organization Overview
Care Foundation Of America Inc is located in Brentwood, TN. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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 Foundation Of America 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 Foundation Of America Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 5.9% 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 2014, Care Foundation Of America Inc has awarded 81 individual grants totaling $20,675,207. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Thomas Davenport Jr President/director | 10 | $78,500 | |
Joseph Keane Vice President/cfo/directo | 10 | $78,500 | |
James Usdan Director | 5 | $2,000 | |
Charita Allen Director | 5 | $2,000 | |
Natalie Henley Secretary/controller | 6 | $36,000 | |
Tausha Alexander Director | 5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $204,270 |
| Dividends & Interest | $558,578 |
| Net Rental Income | -$42,663 |
| Net Gain on Sale of Assets | $3,252,477 |
| Capital Gain Net Income | $3,252,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,404 |
| Total Revenue | $4,005,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,444 |
| Depreciation | $0 |
| Occupancy | $1,920 |
| Travel, conferences, and meetings | $1,839 |
| Printing and publications | $0 |
| Other expenses | $6,841 |
| Total operating and administrative expenses | $758,119 |
| Contributions, gifts, grants paid | $3,589,671 |
| Total expenses and disbursements | $4,347,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,080 |
| Savings and temporary cash investments | $0 |
| 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 | $56,325,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,272,015 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,600,000 |
| 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 | $1,600,000 |
Grants Awarded
Over the last fiscal year, Care Foundation Of America Inc has awarded $2,130,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CLINIC MEDICOS PURPOSE: TO FURTHER EXEMPT PURPOSE | $500,000 |
DOORS OF HOPE PURPOSE: TO FURTHER EXEMPT PURPOSE | $150,000 |
CREATIVE DISCOVERY MUSEUM PURPOSE: TO FURTHER EXEMPT PURPOSE | $375,000 |
NISWONGER FOUNDATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $525,000 |
RALLY FOUNDATION FOR CHILDHOOD CANCER RESEARCH PURPOSE: TO FURTHER EXEMPT PURPOSE | $250,000 |
ONE TENNESSEE PURPOSE: TO FURTHER EXEMPT PURPOSE | $130,000 |