Carestar Foundation
- Assets
- $62.2m
- Revenue
- $7.6m
- Investments
- $58.4m
- Employees
- 4
- Location
- Berkeley, CA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 82-1511283
Organization Overview
Carestar Foundation is located in Berkeley, CA. The organization was established in 2017. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2022, Carestar Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carestar 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 12/2022, Carestar Foundation generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Carestar Foundation has awarded 98 individual grants totaling $15,663,850. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROVIDED ADMINISTRATIVE AND TECHNICAL ASSISTANCE TO GRANTEE PARTNERS AS WELL AS MAINTAINING AND SUPPORTING A NETWORK FOR EMERGENCY MEDICAL SYSTEM PROVIDERS, HOSPITALS AND TRAUMA CENTERS AND COMMUNITY-BASED ORGANIZATIONS.
HOSTED VARIOUS INDUSTRY EVENTS AND CONVENINGS DEALING WITH TRANSFORMATION AND INNOVATION IN EMERGENCY AND PREHOSPITAL CARE.
CONDUCTED RESEARCH AND PRODUCED PUBLICATIONS RELATING TO PREHOSPITAL AND EMERGENCY CARE. INITIATED WORK ON THE DEVELOPMENT OF AN ONLINE RESOURCE LIBRARY.
PARTICIPATED IN STATEWIDE ADVISORY COMMITTEES RELATED TO GUN VIOLENCE AND COMMUNITY PARAMEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatima Angeles Board Chair | 1.5 | $0 | |
Joseph Chiang MD Vice Chair/treasurer | 1 | $0 | |
Sandra Shewry Secretary | 1 | $0 | |
Shani Buggs Board Member | 0.75 | $0 | |
Sarah DE Guia Board Member | 0.75 | $0 | |
Kenneth Meehan Board Member | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Sax Agency | 12/30/22 | $50,000 |
Canterbury Consulting Incorporated | 12/30/22 | $170,985 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,768 |
| Dividends & Interest | $1,509,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,097,052 |
| Capital Gain Net Income | $5,650,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,607,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $380,996 |
| Other employee salaries and wages | $373,878 |
| Pension plans, employee benefits | $89,009 |
| Interest | $0 |
| Taxes | $146,103 |
| Depreciation | $2,880 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $48,522 |
| Printing and publications | $35,743 |
| Other expenses | $106,374 |
| Total operating and administrative expenses | $1,508,742 |
| Contributions, gifts, grants paid | $5,130,000 |
| Total expenses and disbursements | $6,638,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,138 |
| Savings and temporary cash investments | $17,626 |
| Net Accounts receivable | $2,718,433 |
| 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 | $138,809 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,085,140 |
| Net Land, buildings, and equipment | $769 |
| Other assets | $0 |
| Total assets | $62,153,575 |
| Accounts payable and accrued expenses | $256,092 |
| Grants payable | $3,063,333 |
| 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 | $3,319,425 |
Grants Awarded
Over the last fiscal year, Carestar Foundation has awarded $6,405,001 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS REPRODUCTIVE JUSTICE PURPOSE: GENERAL OPERATING | $2,000 |
ANTI POLICE-TERROR PROJECT PURPOSE: GENERAL OPERATING | $10,000 |
ANTI POLICE-TERROR PROJECT PURPOSE: ANTI POLICE-TERROR PROJECT AND MENTAL HEALTH FIRST | $75,000 |
BAY AREA YOUTH EMT PROGRAM PURPOSE: BAY EMT PROGRAM | $66,667 |
CALIFORNIA IMMIGRANT POLICY CENTER PURPOSE: GENERAL OPERATING | $2,000 |
CALIFORNIA INDIAN MUSEUM & CULTURAL CENTER PURPOSE: TRIBAL COMMUNITY HEALTH REPRESENTATIVES | $250,000 |