Care Institute Inc is located in Waltham, MA. The organization was established in 2019. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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. Care Institute 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 Institute Inc generated $85.0k in total revenue. All expenses for the organization totaled $453.2k during the year ending 12/2021.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CARE INSTITUTE IS A NEW 501(C)(3), INCUBATED BY CARE.COM, WORKING TO IMPROVE ACCESS TO QUALITY CARE, CREATE ECONOMIC GROWTH FOR A NEW GENERATION OF CARE WORKERS, AND INCREASE OVERALL FEMALE PARTICIPATION IN THE WORKFORCE. THE CARE INSTITUTE'S GOAL IS TO TRANSFORM THE FRAGMENTED SYSTEM OF CARE IN AMERICA THROUGH INNOVATIVE PARTNERSHIPS AND PROGRAMMING AIMED AT ADDRESSING THE GROWING WORKFORCE CRISIS-CREATING THE ENABLING ENVIRONMENT FOR SCALED IMPACT USING DATA-DRIVEN INSIGHTS TO EDUCATE AND INFLUENCE. THE CARE INSTITUTE'S BOARD IS MADE UP OF SENIOR LEADERS FROM AARP, BOSTON CHILDREN'S HOSPITAL, ENTERTAINMENT, ACADEMIA, AND MASSACHUSETTS STATE GOVERNMENT-IN ADDITION TO SHEILA MARCELO, WHO CHAIRS THE BOARD. THE CARE INSTITUTE (TCI) AIMS TO ADDRESS THIS FRAGMENTATION BY PURSUING THREE INTERRELATED PATHWAYS TO IMPACT-INFORMATION, INTERVENTION, AND INFLUENCE: 1)INFORMATION - DATA, RESEARCH, POLICY, AND BEST PRACTICE: TCI WILL SERVE AS A CENTRAL SOURCE OF DATA, RESEARCH, FACTS, ANALYSIS, AND BEST PRACTICE RELEVANT TO PLAYERS ACROSS THE CARE ECONOMY. THE INFORMATION PATHWAY AIMS TO BUILD A DATA CLEARINGHOUSE FOR POLICYMAKERS, FUNDERS, ADVOCATES, MEDIA, AND THE PUBLIC IN ORDER TO SUPPORT THE DEVELOPMENT OF THE SYSTEMS AND INFRASTRUCTURE NEEDED TO RESHAPE THE CARE LANDSCAPE MORE BROADLY. 2)INTERVENTION - PROGRAMS & PILOTS: TCI WILL PRODUCE AND SUPPORT ON THE GROUND PROGRAMS AND PILOTS, INCLUDING PLACE-BASED WORK SUCH AS THE EARLY EDUCATION WORKFORCE DEVELOPMENT PILOT (DETAILED BELOW). THE VISION FOR THE INTERVENTION PATHWAY IS TO PROVIDE AN OUTLET TO INNOVATE, TEST NEW IDEAS, AND ULTIMATELY CREATE PROGRAMS CAPABLE OF SCALE- WITH AN EYE TOWARD PROVIDING PROOF POINTS CAPABLE OF INFLUENCING POLICY, FUNDING, AND EXISTING PROGRAMS WITHIN THE CARE SECTOR. 3)INFLUENCE - B2B & GOVERNMENT: TCI WILL CHAMPION POLICIES, ACTIONS, AND BEST PRACTICES TO AN AUDIENCE OF BUSINESS LEADERS, FUNDERS, AND POLICYMAKERS IN ORDER TO ADVANCE THE BROADER DIALOGUE ON CARE. THE GOALS ARE TO ENCOURAGE ADVOCATES TO WORK TOGETHER IN A MORE COORDINATED AND STRATEGIC WAY, AND TO BRING BUSINESSES FURTHER INTO THE CONVERSATION ON CARE IN WAYS THAT CHALLENGE THEM TO OWN THEIR ROLE AND RESPONSIBILITY IN ADDRESSING THE CARE CRISIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wayne Ysaguirre Executive Di | 40 | $145,970 | |
Richard Berman Director | 1 | $0 | |
Joanne Cox Director | 1 | $0 | |
Sheila Marcelo President, T | 1 | $0 | |
Pauline Fischer Director | 1 | $0 | |
Robert Stephen Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $85,010 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $85,010 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $277,556 |
Professional fees and other payments to independent contractors | $166,275 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $9,324 |
Total expenses | $453,155 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $8,946 |
Other assets | $0 |
Total assets | $8,946 |
Total liabilities | $0 |
Net assets or fund balances | $8,946 |