Totals
- Total revenue
- $3,532,442
- Total expenses
- $4,648,757
- Contributions and grants received
- $3,500,000
- Grants paid
- $4,281,617
- Program service revenue
- $0
- Investment income
- $32,442
- Other revenue
- $0
- Total assets, end of year
- $1,633,400
- Total liabilities, end of year
- $1,031,136
- Net assets or fund balances, end of year
- $602,264
- Program services expenses (Part IX)
- $4,281,617
- Management and general expenses
- $367,140
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,281,617
Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$3,500,000
-
3 · Investment income
total $32,442 · excluded $32,442
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,281,617 · program services $4,281,617
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $194,038 · program services $0 · management and general $194,038 · fundraising $0
-
20 · Interest
total $22 · program services $0 · management and general $22 · fundraising $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: MGMT FEE CARESOURCE
total $165,180 · program services $0 · management and general $165,180 · fundraising $0
-
24b · Other expenses: MEMBERSHIP DUES
total $7,500 · program services $0 · management and general $7,500 · fundraising $0
-
24c · Other expenses: FILING FEES
total $400 · program services $0 · management and general $400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $2,454,689 · end of year $1,633,400
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $723,610 · end of year $1,017,371
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $12,500 · end of year $13,765
-
27 · Net assets without donor restrictions
beginning of year $1,718,579 · end of year $602,264
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE CARESOURCE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF ITS SUPPORTED ORGANIZATION, CARESOURCE OHIO INC. ("CSOH"), AND ITS RELATED ENTITIES. (Continued on Schedule O)
Activities or mission (Part I)
To invest in initiatives and organizations that make a lasting difference in CareSource's members' lives & in their communities by improving their health & well-being.
-
The CareSource Foundation furthers the charitable purposes of CareSource Ohio Inc. by providing advanced, innovative solutions and addressing health care needs of the underserved through grants, outreach, medical expertise, strategic community partnerships, and volunteerism. The CareSource Foundation funds community grants to nonprofit organizations that impact children, adults, and families in areas that improve health equity, health outcomes and health literacy. (Continued on Schedule O)
Expenses $4,281,617 · Grants $4,281,617
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Erhardt Preitauer
President & CEO, Trustee
- Total calculated
- $7,910,538
- From this org
- $0
- From related orgs
- $3,656,889
- Other
- $4,253,649
- Hours/week
- 1 + 59 related
Schedule J breakdown matched by us
- Base
- $0 + $1,271,556 related
- Bonus
- $0 + $1,935,465 related
- Other
- $0 + $449,868 related
- Deferred
- $0 + $4,232,490 related
- Nontaxable benefits
- $0 + $21,159 related
- Filer's total
- $0 + $7,910,538 related
-
Jai Pillai
Chief Operating Officer
- Total calculated
- $2,106,825
- From this org
- $0
- From related orgs
- $1,235,514
- Other
- $871,311
- Hours/week
- 1 + 59 related
Schedule J breakdown matched by us
- Base
- $0 + $623,475 related
- Bonus
- $0 + $478,850 related
- Other
- $0 + $133,189 related
- Deferred
- $0 + $856,649 related
- Nontaxable benefits
- $0 + $14,662 related
- Filer's total
- $0 + $2,106,825 related
-
Lawrence Smart
Chief Financial Officer
- Total calculated
- $2,071,755
- From this org
- $0
- From related orgs
- $1,072,888
- Other
- $998,867
- Hours/week
- 1 + 59 related
Schedule J breakdown matched by us
- Base
- $0 + $535,956 related
- Bonus
- $0 + $424,371 related
- Other
- $0 + $112,561 related
- Deferred
- $0 + $975,380 related
- Nontaxable benefits
- $0 + $23,487 related
- Filer's total
- $0 + $2,071,755 related
-
Scott Markovich
EVP Markets, Trustee
- Total calculated
- $1,917,841
- From this org
- $0
- From related orgs
- $966,866
- Other
- $950,975
- Hours/week
- 1 + 59 related
Schedule J breakdown matched by us
- Base
- $0 + $505,787 related
- Bonus
- $0 + $354,760 related
- Other
- $0 + $106,319 related
- Deferred
- $0 + $911,682 related
- Nontaxable benefits
- $0 + $39,293 related
- Filer's total
- $0 + $1,917,841 related
-
Daniel McCabe
CAO, Trustee (To 4/22)
- Total calculated
- $1,520,864
- From this org
- $0
- From related orgs
- $1,505,969
- Other
- $14,895
- Hours/week
- 25 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $120,152 related
- Bonus
- $0 + $1,044,619 related
- Other
- $0 + $341,198 related
- Deferred
- $0 + $7,379 related
- Nontaxable benefits
- $0 + $7,516 related
- Filer's total
- $0 + $1,520,864 related
-
David Finkel
Former EVP Markets, Trustee
- Total calculated
- $194,579
- From this org
- $0
- From related orgs
- $194,579
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $194,579 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $194,579 related
-
Ronita Hawes-Saunders
Chair, Trustee
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
-
Kenneth Herr
Vice Chair, Trustee
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
-
James Gross
Secretary/Treasurer, Trustee
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
-
Ellen Leffak
Trustee
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
-
J Thomas Maultsby
Trustee
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
-
William F Marsteller
Trustee (Emeritus)
- Total calculated
- $4,000
- From this org
- $0
- From related orgs
- $4,000
- Other
- $0
- Hours/week
- 1
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, and on a Form 990-PF Part VIII's — 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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)
- Form 990, Schedule J, Part I, Question 3
- The process the Organization goes through to establish the reasonable executive compensation is the same for all the CareSource Family of companies. The organization utilizes a compensation committee, independent compensation consultant, CEO written employment contract, compensation survey or study, review of Form 990 of other organizations, and approval by the board or compensation committee comprised solely of independent directors. CareSource Management Services LLC ("CSMS"), a related organization, has in place Claw back provisions within its executive compensation plans that generally require executives to pay back compensation to CSMS in the event a subsequent legal, accounting, regulatory or compliance issue is discovered over which the executive had direct responsibility and control during the executive's employment.
- Form 990, Schedule J, Part I, Line 4a
- David Finkel and Daniel McCabe received severance payments that are properly reported on Schedule J, Part II, Column B(iii).
- Form 990, Schedule J, Part I, Question 4b
- The following listed persons listed on Form 990, Part VII, Section A, participate in a supplemental nonqualified retirement plan of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, and Scott Markovich. Amounts are accrued monthly for plan participants. The plans provide compensation to the participants after a vesting period, and the funds are available to the participants after they retire or resign from the organization. The plans provide for normal terms and conditions contained in a standard nonqualified retirement plan. The following listed persons listed on Form 990, Part VII, Section A, participate in a long-term incentive plan of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, and Scott Markovich. The plan provides compensation to the participants based on annual and long-term goals. The long-term incentive plan will pay out if these goals, or a subset of these goals, are achieved over a three-year period. If a participant leaves their employment prior to this three-year performance period, they forfeit any amounts accrued under this plan. Employees must be employed on the date which the long-term incentive plan is paid, which in no event is later than March 15th. Exceptions to this general statement include death, disability, or a qualified retirement, which may result in prorated payment. Amounts paid or accrued in 2022 for both deferred compensation arrangements include the following: Erhardt Preitauer $2,272,354, Jai Pillai $375,388, Lawrence Smart $554,835, and Scott Markovich $517,955.
- Form 990, Schedule J, Part I, Question 6b
- The following persons listed on Form 990, Part VII, Section A, Line 1a are or were employees of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, Scott Markovich, and Daniel McCabe. All of these listed persons are or were eligible for a performance bonus as part of their compensation packages. The amount of this Annual Incentive Plan ("AIP") bonus is based on the degree of achievement of the Companies' goals and the Individual's goals, which is ultimately documented in the year end performance management process. The performance management process documents the company goals and individual goals, the corresponding potential performance bonus, and the progress/outcomes. The performance bonus is based on the employee's calendar year regular earnings.
- Form 990, Schedule J, Part II
- All compensation amounts reported on Schedule J, Part II for all listed persons are paid by CSMS. Compensation paid to the CEO is pursuant to the terms of a written employment agreement between Mr. Preitauer and CSMS.
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
-
$332,940
CULTURAL CONSCIOUSNESS PATHWAY
-
2022 Doors of Compassion Dinner & RMHC Keeping More Families Close Capital Campaign
-
Merchants Affordable House Corp
$250,000
Healthy Beginnings at Home Replication, Indiana
-
$192,425
Additional Funding for Overdose Emergency Response Program due to extended efforts of program & Overdose Emergency Response Program for IN Schools and School Nurses
-
$162,000
GAIN: GROWTH IN ACADEMICS THROUGH INNOVATION AND NEUROEDUCATION
-
$150,000
Empower Her: The Campaign to Transform our Camps and our Girls
-
Ball State University Foundation
$100,000
Healthy Lives for Indiana Youth: A Peer-Led Health Promotion Program to Reduce Obesity and Promote Overall Health among Adolescents
-
$100,000
WestCare Ohio/East End Community Service Facility Expansion Project
-
$100,000
Northwest Health & Wellness Center
-
$95,000
Northwest Dayton Partners Proximate Grantmaking
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
501(c)(3) · HIC Ins Plan · OH
Directly controlled by CareSource
-
501(C)(3) · Supporting · OH
Directly controlled by NA
-
501(c)(3) · HMO Ins Plan · IN
Directly controlled by CareSource
-
501(c)(3) · HMO Ins Plan · GA
Directly controlled by CareSource
-
501(c)(3) · HMO Ins Plan · WV
Directly controlled by CareSource
-
501(c)(3) · HMO Ins Plan · KY
Directly controlled by CareSource
-
501(c)(3) · No Activity · OH
Directly controlled by CareSource
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CSMS HOLDING LLC (To 122822)
N/A · HOLDING CO · DE
Directly controlled by NA
-
CareSource Diversity & Social Impact Inv
N/A · Investing · IN
Directly controlled by NA
-
CareSource Iowa Opportunity Investment
N/A · Investing · IA
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CareSource Virginia Co
C Corp · No Activity · VA
Directly controlled by NA
-
CareSource Arkansas Health Plan Co
C Corp · COA Insurance · AR
Directly controlled by NA
-
Kids' CareAlliance Co
C Corp · No Activity · OH
Directly controlled by NA
-
CareSource Oklahoma Health Plan Co
C Corp · HMO Ins Plan · OK
Directly controlled by NA
-
CareSource Kansas LLC
C Corp · HMO Ins Plan · KS
Directly controlled by NA
-
CareSource North Carolina Co
C Corp · HMO Ins Plan · NC
Directly controlled by NA
-
CareSource PASSE LLC
C Corp · RBPO Ins Plan · AR
Directly controlled by NA
-
CareSource Tennessee Co
C Corp · COA Insurance · TN
Directly controlled by NA
-
Columbus Organization Holdings LLC
C Corp · Holding Co · DE
Directly controlled by NA
-
Healthedge-Columbus Holdings LLC
C Corp · Holding Co · DE
Directly controlled by NA
-
Columbus Medical Services Inc
C Corp · No Activity · MD
Directly controlled by NA
-
CareSource Iowa Co (Inc 31822)
C Corp · HMO Ins Plan · IA
Directly controlled by NA
-
CareSource Florida Co (Inc 8422)
C Corp · HMO Ins Plan · FL
Directly controlled by NA
-
CareSource Bayou Health LLC(Inc 72222)
C Corp · HMO Ins Plan · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349307286
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.