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Nonprofiteer
← CARENET INC

Form 990 for tax year 2023

Filed by CARENET INC.

Totals

Total revenue
$5,235,344
Total expenses
$6,374,192
Contributions and grants received
$79,025
Grants paid
$0
Program services expenses (Part IX)
$5,705,006
Management and general expenses
$669,186
Fundraising expenses
$0
Program service expenses (Part III)
$5,705,006

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRADLEY A CLARK

    TREASURER

    Total calculated
    $1,577,771
    From this org
    $1,431,976
    From related orgs
    $0
    Other
    $145,795
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $991,783
    Bonus
    $356,324
    Other
    $83,869
    Deferred
    $109,999
    Nontaxable benefits
    $35,796
    Filer's total
    $1,577,771
  • J MCLAIN WALLACE JR

    SECRETARY

    Total calculated
    $1,019,508
    From this org
    $983,574
    From related orgs
    $0
    Other
    $35,934
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $611,075
    Bonus
    $228,185
    Other
    $144,314
    Deferred
    $20,425
    Nontaxable benefits
    $15,509
    Filer's total
    $1,019,508
  • BRYAN HATCHER DRPH

    TRUSTEE, PRESIDENT (TO 3/1/23)

    Total calculated
    $59,908
    From this org
    $49,927
    From related orgs
    $0
    Other
    $9,981
    Hours/week
    40
  • DOUG URLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GARY R GUNDERSON

    TRUSTEE (TO 8/1/23)

    Total calculated
    $0
    Hours/week
    1 + 39 related
  • KEVIN P HIGH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 39 related
  • MICHAEL LISCHKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 39 related
  • RICHARD W LORD MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 39 related
  • TERRY G WILLIAMS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 related
  • WILLIAM SATTERWHITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: BRADLEY A. CLARK 80,393 J. MCLAIN WALLACE, JR. 114,290
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
BRYAN HATCHER, DRPH AND J. MCLAIN WALLACE, JR. WERE COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J (IF APPLICABLE) FOR COMPENSATION. BRADLEY A. CLARK WAS COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
19 November 2024
IRS schema version
2023v5.1
Source object
202423279349301202

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