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← CARE NET FOUNDATION

Form 990 for tax year 2023

Filed by CARE NET FOUNDATION.

Totals

Total revenue
$22,644
Total expenses
$311,412
Contributions and grants received
$16,335
Grants paid
$297,855
Program service revenue
$0
Investment income
$2,609
Other revenue
$3,700
Total assets, end of year
$2,745,775
Total liabilities, end of year
$10,948
Net assets or fund balances, end of year
$2,734,827
Program services expenses (Part IX)
$297,855
Management and general expenses
$13,557
Fundraising expenses
$0
Program service expenses (Part III)
$297,855

Program services were 95.6% 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.

  • 1f · All other contributions, gifts and grants

    $16,335

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,609 · excluded $2,609

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $3,700 · related or exempt $0 · unrelated business $0 · excluded $3,700

  • 11e · Other revenue, total

    $3,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $297,855 · program services $297,855

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $10,947 · management and general $10,947

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,610 · management and general $2,610

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,378,177 · end of year $2,000,357

  • 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

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $624,770 · end of year $745,418

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    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

  • 25 · Other liabilities

    beginning of year $100,000 · end of year $10,948

  • 27 · Net assets without donor restrictions

    beginning of year $2,902,947 · end of year $2,734,827

Mission and programs · 2023

Mission

Among its broader religious, educational, and charitable purposes, Care Net Foundation is organized and operated to support Care Net and other public charities whose work furthers Care Net's purpose by assisting in procuring Foundation grant awards and major donations and managing and administering planned giving programs to support those ministries.

Activities or mission (Part I)

Care Net Foundation is organized and operated to support Care Net and other public charities.

  • The organization supports Care Net and other public charities whose work furthers Care Net's purposes by managing and administering planned giving programs to support those ministries.

    Expenses $297,855 · Grants $297,855

As filed on the 2023 return.

Listed in Part VII

  • Dennis Brown

    Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Roland C Warren

    President

    Total calculated
    $297,578
    From this org
    $0
    From related orgs
    $275,069
    Other
    $22,509
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,509 related
    Nontaxable benefits
    $0 + $12,000 related
    Filer's total
    $0 + $297,578 related

  • Wendy J Lowe

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Doug Knox

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Mason

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 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, 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

  • Care Net

    $297,855

    Support the programs of Care Net

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.

  • Care Net

    501(c)(3) · Education & Charitable Services · VA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521329349301222

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