C-Tac Innovations Inc
- Assets
- $88.5k
- Revenue
- $940.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-4231690
Organization Overview
C-Tac Innovations Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. C-Tac Innovations 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 12/2023, C-Tac Innovations Inc generated $940.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $750.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN INTERNATIONALLY RECOGNIZED, EVIDENCE BASED SYSTEM FOR PERSONCENTERED DECISION MAKING THAT TRANSFORMS THE HEALTHCARE CULTURE BY HONORING AN INDIVIDUAL'S GOALS AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTATION SERVICES AND CONSULTATION PROGRAM GUIDES HEALTHCARE ORGANIZATIONS AND COMMUNITY PROGRAMS TO BUILD SYSTEMS FOR ADVANCE CARE PLANNING AND PERSON-CENTERED DECISION MAKING PROGRAMS. THROUGH WORKING WITH THESE CUSTOMERS IN AN ENGAGEMENT THAT LASTS FROM 1 TO 3 YEARS, THEY ULTIMATELY GAIN THE EXPERTISE AND KNOWLEDGE TO SPREAD AND SUSTAIN THESE PROGRAMS THAT ULTIMATELY SHIFT THE CULTURE OF HEALTHCARE TO ONE THAT IS PERSON-CENTERED.THE ON-LINE ADVANCE CARE PLANNING CURRICULUM HELPS EDUCATE AND BEGIN THE PROCESS OF CERTIFICATION FOR INDIVIDUALS INTERESTED IN FACILITATING ACP CONVERSATIONS FOR THOSE THEY SERVE. CUSTOMERS CAN PURCHASE OUTSIDE OF ANY OTHER WORK WITH OUR ORGANIZATION OR CAN PURCHASE AS PART OF AN IMPLEMENTATION AND/OR NATIONAL COURSE ATTENDANCE.NATIONAL COURSES HELD SEVERAL TIMES PER YEAR, WHERE ATTENDEES FROM ACROSS THE COUNTRY ATTEND THE 3 DAY EVENT FOCUSED ON EDUCATION FOR FACILITATING AND THEN INSTRUCTING ADVANCE CARE PLANNING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Koutsoumpas President | Officer | 20 | $0 |
Richard Umbdenstock Director | Officer | 6 | $0 |
Stephanie Anderson Executive Director | Officer | 50 | $138,915 |
William Novelli Director, Secretary, Treas | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,344 |
| Total Program Service Revenue | $633,457 |
| Investment income | $202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $940,003 |
| 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. | $138,915 |
| Compensation of current officers, directors, key employees. | $69,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,735 |
| Payroll taxes | $27,880 |
| Fees for services: Management | $45,094 |
| Fees for services: Legal | $15,572 |
| Fees for services: Accounting | $30,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,868 |
| Advertising and promotion | $1,200 |
| Office expenses | $426 |
| Information technology | $10,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,644 |
| Insurance | $13,578 |
| All other expenses | $3,846 |
| Total functional expenses | $750,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,260 |
| 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 | $2,172 |
| Net Land, buildings, and equipment | $3,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,464 |
| 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 | $123,546 |
| Total liabilities | $123,546 |
| Net assets without donor restrictions | $0 |
| 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 | -$35,082 |
| Total liabilities and net assets/fund balances | $88,464 |