Caringbridge
- Assets
- $5.2m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 63
- Location
- Eagan, MN
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 42-1529394
Organization Overview
Caringbridge is located in Eagan, MN. The organization was established in 2002. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Caringbridge employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caringbridge 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, Caringbridge generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FROM THE LAUNCH OF THE VERY FIRST CARINGBRIDGE SITE, WE'VE BEEN WORKING TOWARD A SINGLE VISION: A WORLD WHERE NO ONE GOES THROUGH A HEALTH JOURNEY ALONE. IN ORDER TO TURN THIS VISION INTO REALITY, WE'VE MADE IT OUR MISSION TO BUILD BRIDGES OF CARE AND COMMUNICATION PROVIDING LOVE AND SUPPORT ON A HEALTH JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARINGBRIDGE (THE ORGANIZATION) IS A GLOBAL NONPROFIT SOCIAL NETWORK DEDICATED TO HELPING FAMILY AND FRIENDS COMMUNICATE WITH AND SUPPORT LOVED ONES DURING A HEALTH JOURNEY. THANKS TO OUR COMPASSIONATE DONORS, ANYONE, ANYWHERE CAN CREATE A FREE PERSONAL WEBSITE TO EASILY SHARE UPDATES AND RECEIVE THE LOVE AND STRENGTH THEY NEED FROM THEIR COMMUNITY DURING AN ILLNESS OR INJURY. A FREE PERSONAL WEBSITE CAN BE STARTED AT ANY TIME TO SHARE IMPORTANT INFORMATION QUICKLY DURING ANY TYPE OF HEALTH CRISIS. BENEFITS OF USE: ONE PLACE TO DO IT ALL: A FREE CARINGBRIDGE WEBSITE HAS ALL THE TOOLS NEEDED TO KEEP FAMILY AND FRIENDS UPDATED DURING A DIFFICULT TIME. BECAUSE CARINGBRIDGE IS A NONPROFIT, WE PUT OUR USERS' NEEDS FIRST. THROUGH A CARINGBRIDGE WEBSITE USERS CAN: SHARE NEWS AND UPDATES WITH EVERYONE AT THE SAME TIME, COMMUNICATE IN A PRIVATE, AD-FREE PLACE, ACTIVATE FRIENDS AND FAMILY AND COORDINATE HELP, AND RECEIVE EMOTIONAL STRENGTH AND SUPPORT.SAVE TIME AND REDUCE STRESS: A HEALTH CRISIS THROWS EVERYTHING INTO CHAOS. BECAUSE FAMILY AND FRIENDS CARE, QUESTIONS AND PHONE CALLS WON'T STOP AND STUFF BEGINS TO PILE UP. A CARINGBRIDGE WEBSITE GIVES PEOPLE ONE CENTRALIZED, PRIVATE PLACE TO SHARE HEALTH UPDATES AND REQUEST THE HELP THAT MAY BE NEEDED.DEDICATED TO HEALTH: A PERSONAL CARINGBRIDGE WEBSITE IS A PLACE TO SHARE HEALTH UPDATES, PHOTOS AND VIDEOS WITH THE PEOPLE WHO CARE ABOUT A LOVED ONE'S HEALTH JOURNEY. PRIVATE, PROTECTED AND AD-FREE: OUR USERS ARE IN CONTROL OF THEIR PRIVACY SETTINGS, SO ANY GIVEN WEBSITE IS AS PRIVATE OR PUBLIC AS THE AUTHOR/USER WANTS IT TO BE. PERSONAL DATA IS NEVER SOLD, AND THERE IS NO OUTSIDE ADVERTISING, SO THE FOCUS IS ALWAYS ON THE HEALTH JOURNEY, NOT THE LATEST ADVERTISEMENT. COORDINATE HELP: FAMILY AND FRIENDS WANT TO KNOW HOW THEY CAN HELP. THIS IS THE PLACE TO TELL THEM. LET THEM KNOW WHAT IS NEEDED, WHEN VISITORS ARE WELCOME, HOSPITAL OR FACILITY INFORMATION AND HOW TO CONTACT THE AFFECTED PEOPLE. CARINGBRIDGE WEBSITES CAN BE LINKED WITH POPULAR TOOLS SUCH AS PERSONAL FUNDRAISERS OR CALENDARS. SINCE JUNE 7, 1997, NEARLY 950,000 CARINGBRIDGE WEBSITES HAVE BEEN CREATED. COMBINED, THEY HAVE RECEIVED 2.545 BILLION VISITS. TODAY, A NEW CARINGBRIDGE WEBSITE IS CREATED EVERY 12 MINUTES FOR SOMEONE EXPERIENCING A HEALTH CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigid Bonner Chief Experience Officer (part-Year) | Officer | 40 | $232,971 |
Tia Newcomer Chief Executive Officer | Officer | 40 | $230,334 |
Mike Thyken Chief Technology Officer (part-Year) | Officer | 40 | $205,480 |
Elizabeth Olson Chief Financial Officer | Officer | 40 | $187,721 |
Amanda Mark Chief Development Officer | Officer | 40 | $176,789 |
Ming Tan Director Of Technology (part-Year) | 40 | $175,334 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wise It Consulting Inc Technology Staffing And Consulting | 12/30/21 | $282,520 |
Charter Solutions Technology Consulting | 12/30/21 | $160,093 |
Nextafter Llc Development/fundraising Consulting | 12/30/21 | $144,500 |
Amazon Web Services Technology Hosting | 12/30/21 | $318,128 |
The Holdingcompany Lab Llc User Experience/product Consulting | 12/30/21 | $197,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,677,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,677,083 |
| Total Program Service Revenue | $0 |
| Investment income | $17,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $247,376 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,947,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,279,871 |
| Compensation of current officers, directors, key employees. | $128,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,427,195 |
| Pension plan accruals and contributions | $148,179 |
| Other employee benefits | $395,541 |
| Payroll taxes | $392,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,497 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $97,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,479,094 |
| Advertising and promotion | $780,109 |
| Office expenses | $211,197 |
| Information technology | $647,707 |
| Royalties | $0 |
| Occupancy | $150,934 |
| Travel | $18,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,051 |
| Insurance | $26,286 |
| All other expenses | $0 |
| Total functional expenses | $10,933,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,489,463 |
| Savings and temporary cash investments | $1,056,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,589 |
| Prepaid expenses and deferred charges | $121,185 |
| Net Land, buildings, and equipment | $16,401 |
| Investments—publicly traded securities | $1,433,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,300 |
| Total assets | $5,186,201 |
| Accounts payable and accrued expenses | $405,980 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,987 |
| Total liabilities | $411,967 |
| Net assets without donor restrictions | $4,551,390 |
| Net assets with donor restrictions | $222,844 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,186,201 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Caringbridge has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Dennis R Meals Charitable Foundation Fort Worth, TX PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $222,398 |
| Earnings | $446 |
| Ending Balance | $222,844 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quartz Health Plan Mn Corporation Madison, WI | $12,772,052 | $31,014,352 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Caringbridge Eagan, MN | $5,186,201 | $10,947,977 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
South Dakota Life And Health Insurance Guaranty Association Sioux Falls, SD | $739,466 | $7,515,713 |
Wisconsin Statewide Health Information Network Inc Madison, WI | $3,172,138 | $5,065,926 |
Ridgeview Insurance Company Waconia, MN | $15,758,174 | $5,649,274 |
Preferredone Community Health Plan Golden Valley, MN | $2,826,703 | $1,188,255 |
Hero Healthcare Equipment Recycling Organization Fargo, ND | $476,265 | $991,996 |
World Gastroenterology Organisation Milwaukee, WI | $6,324,798 | $467,512 |
Citizens Council For Health Freedom St Paul, MN | $1,615,674 | $1,237,665 |