Care Ring Inc
- Assets
- $3.5m
- Revenue
- $5.4m
- Investments
- $330.1k
- Employees
- 90
- Location
- Charlotte, NC
- Founding
- 06/1957
- Data as of
- 06/2022
- EIN
- 56-0621073
Organization Overview
Care Ring Inc is located in Charlotte, NC. The organization was established in 1957. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Care Ring Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care Ring 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 06/2022, Care Ring Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 9.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER INDIVIDUALS WITH LIMITED RESOURCES TO ESTABLISH AND MAINTAIN GOOD HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLINIC OFFERS AN ARRAY OF PRIMARY CARE AND SERVICES TO THE UNINSURED AND UNDERINSURED IN THE COMMUNITY. THE CLINIC PROVIDES HIGH-QUALITY PREVENTATIVE CARE AND HAS A SPECIAL FOCUS ON PROVIDING CHRONIC DISEASE MANAGEMENT THAT IMPROVES PATIENT MEDICATION COMPLIANCE AND ELIMINATES UNNECESSARY UTILIZATION OF THE EMERGENCY ROOM. TRACKING CLINICAL INDICATORS FOR CHRONIC DISEASE (INCLUDING DIABETES, HYPERTENSION AND HYPERLIPIDEMIA) SHOWS THAT BETWEEN A PATIENT'S FIRST AND LAST VISIT TO THE CLINIC, APPROXIMATELY THREE-QUARTERS OF CHRONIC DISEASE PATIENTS SERVED IN THE CLINIC DEMONSTRATE AT LEAST A 10% IMPROVEMENT IN ONE OR MORE CLINICAL INDICATORS (HEMOGLOBIN A1C, DIASTOLIC BLOOD PRESSURE, HEMOGLOBIN A1C AND/OR TOTAL CHOLESTEROL). THE ORGANIZATION'S LOW-COST CLINIC PROVIDED CARE TO 1,911 AND 1,492 PATIENTS FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, RESPECTIVELY.
THE ORGANIZATION'S PHYSICIANS REACH OUT PROGRAM (PRO) PROVIDES ACCESS TO COMPREHENSIVE HEALTH CARE, INCLUDING PRIMARY CARE, SPECIALTY CARE, LABS, DIAGNOSTIC TESTS AND HOSPITALIZATION. FOR EVERY DOLLAR INVESTED IN PRO, THE ORGANIZATION LEVERAGES $64 IN DONATED CARE PROVIDED BY APPROXIMATELY 1,600 VOLUNTEER PHYSICIANS, DENTISTS, AND ALLIED HEALTH PROFESSIONALS. FOR THE YEAR ENDED JUNE 30, 2022, PRO PROVIDED APPROXIMATELY $46.3 MILLION IN DONATED MEDICAL AND DENTAL SERVICES TO 5,441 PATIENTS ENROLLED IN THE PROGRAM. FOR THE YEAR ENDED JUNE 30, 2021, PRO PROVIDED APPROXIMATELY $51.3 MILLION IN DONATED MEDICAL AND DENTAL SERVICES TO 6,243 PATIENTS ENROLLED IN THE PROGRAM.
THE ORGANIZATION'S NURSE-FAMILY PARTNERSHIP (NFP) PROGRAM IS AN EVIDENCE-BASED, INTENSIVE NURSE HOME-VISITATION PROGRAM FOR HIGH RISK, LOW-INCOME MOTHERS IN MECKLENBURG COUNTY. VALIDATED BY NEARLY 40 YEARS OF RESEARCH, INCLUDING MULTIPLE RANDOMIZED-CONTROLLED TRIALS, NFP IS A PROVEN MODEL THAT BREAKS THE CYCLE OF POVERTY BY IMPROVING PREGNANCY OUTCOMES, IMPROVING CHILD HEALTH AND DEVELOPMENT, AND INCREASING THE ECONOMIC SELF-SUFFICIENCY OF THE FAMILY. THE ORGANIZATION'S NFP PROGRAM HAS SERVED 738 MOTHERS AND BABIES DURING THE YEAR THAT ENDED JUNE 30, 2022 AND 689 MOTHERS AND BABIES DURING THE YEAR THAT ENDED ON JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Mullins Chief Operations Officer | Officer | 40 | $115,572 |
Tchernavia Montgomery Executive Director (curren | Officer | 40 | $113,503 |
Mark A Markiewicz Past Chair | OfficerTrustee | 2 | $0 |
Phillip A Poley Chair | OfficerTrustee | 2 | $0 |
Morgan Hinton Board Member | Trustee | 1 | $0 |
William W Hadley Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $247,114 |
| Membership dues | $0 |
| Fundraising events | $16,080 |
| Related organizations | $0 |
| Government grants | $2,475,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,643,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,381,887 |
| Total Program Service Revenue | $454,449 |
| Investment income | $1,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,419,756 |
| 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. | $255,964 |
| Compensation of current officers, directors, key employees. | $95,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,240,352 |
| Pension plan accruals and contributions | $80,833 |
| Other employee benefits | $570,583 |
| Payroll taxes | $268,037 |
| Fees for services: Management | $287,795 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $108,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,403 |
| Office expenses | $48,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,784 |
| Travel | $14,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,935 |
| Insurance | $34,197 |
| All other expenses | $0 |
| Total functional expenses | $5,313,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,769,104 |
| Savings and temporary cash investments | $190,883 |
| Pledges and grants receivable | $403,488 |
| Accounts receivable, net | $419,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,308 |
| Net Land, buildings, and equipment | $67,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $330,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,052 |
| Total assets | $3,510,598 |
| Accounts payable and accrued expenses | $986,793 |
| 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 | $0 |
| Total liabilities | $986,793 |
| Net assets without donor restrictions | $1,357,318 |
| Net assets with donor restrictions | $1,166,487 |
| 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 | $3,510,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Care Ring Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
James Family Foundation Inc Charlotte, NC PURPOSE: SUPPORT PROGRAMS INCLUDING NURSE FAMILY PARTNERSHIP AND PHYSICIANS REACH OUT | $10,000 |
Endowment Analysis
| Beg. Balance | $369,156 |
| Earnings | -$36,122 |
| Admin Expense | $2,922 |
| Ending Balance | $330,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Centers Inc Orangeburg, SC | $20,767,853 | $20,714,600 |
Sarrell Regional Dental Center For Public Health Inc Nashville, TN | $0 | $14,776,033 |
Vernon J Harris East End Community Health Center Richmond, VA | $16,491,189 | $17,512,420 |
Memphis Lung Physicians Foundation Inc Memphis, TN | $4,739,184 | $13,322,151 |
Peninsula Institute For Community Health Inc Newport News, VA | $13,296,613 | $18,520,138 |
Southwest Virginia Community Health Systems Incorporated Meadowview, VA | $23,215,796 | $18,922,049 |
Greater Prince William Area Community Health Center Inc Woodbridge, VA | $9,047,910 | $19,215,869 |
Georgia Highlands Medical Services Inc Cumming, GA | $9,524,949 | $16,747,802 |
Matthew Walker Comprehensive Health Center Inc Nashville, TN | $12,433,796 | $15,795,322 |
Mountain Community Health Partnership Incorporated Bakersville, NC | $9,409,704 | $15,495,800 |
Health Care Partners Of South Carolina Inc Conway, SC | $17,532,043 | $17,540,965 |
Tri Area Community Health Laurel Fork, VA | $16,479,129 | $14,012,856 |