Care Institute Inc is located in Waltham, MA. The organization was established in 2019. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care Institute 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 12/2020, Care Institute Inc generated $375.0k in total revenue. All expenses for the organization totaled $252.8k during the year ending 12/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF CAREGIVERS AND FAMILIES BY BUILDING AND SUPPORTING A CARE INFRASTRUCTURE THAT PROVIDES MEANINGFUL CAREER OPPORTUNITIES AND INCREASES FEMALE PARTICIPATION IN THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARE INSTITUTE IS A NEW 501(C)(3), INCUBATED BY CARE.COM, WORKING TO IMPROVE ACCESS TO QUALITY CARE, CREATE ECONOMIC GROWTH FOR A NEW GENERATION OF CARE WORKERS, AND INCREASE OVERALL FEMALE PARTICIPATION IN THE WORKFORCE. THE CARE INSTITUTE'S GOAL IS TO TRANSFORM THE FRAGMENTED SYSTEM OF CARE IN AMERICA THROUGH INNOVATIVE PARTNERSHIPS AND PROGRAMMING AIMED AT ADDRESSING THE GROWING WORKFORCE CRISIS-CREATING THE ENABLING ENVIRONMENT FOR SCALED IMPACT USING DATA-DRIVEN INSIGHTS TO EDUCATE AND INFLUENCE. THE CARE INSTITUTE'S BOARD IS MADE UP OF SENIOR LEADERS FROM AARP, BOSTON CHILDREN'S HOSPITAL, ENTERTAINMENT, ACADEMIA, AND MASSACHUSETTS STATE GOVERNMENT-IN ADDITION TO SHEILA MARCELO, WHO CHAIRS THE BOARD. THE CARE INSTITUTE (TCI) AIMS TO ADDRESS THIS FRAGMENTATION BY PURSUING THREE INTERRELATED PATHWAYS TO IMPACT-INFORMATION, INTERVENTION, AND INFLUENCE: 1)INFORMATION - DATA, RESEARCH, POLICY, AND BEST PRACTICE: TCI WILL SERVE AS A CENTRAL SOURCE OF DATA, RESEARCH, FACTS, ANALYSIS, AND BEST PRACTICE RELEVANT TO PLAYERS ACROSS THE CARE ECONOMY. THE INFORMATION PATHWAY AIMS TO BUILD A DATA CLEARINGHOUSE FOR POLICYMAKERS, FUNDERS, ADVOCATES, MEDIA, AND THE PUBLIC IN ORDER TO SUPPORT THE DEVELOPMENT OF THE SYSTEMS AND INFRASTRUCTURE NEEDED TO RESHAPE THE CARE LANDSCAPE MORE BROADLY. 2)INTERVENTION - PROGRAMS & PILOTS: TCI WILL PRODUCE AND SUPPORT ON THE GROUND PROGRAMS AND PILOTS, INCLUDING PLACE-BASED WORK SUCH AS THE EARLY EDUCATION WORKFORCE DEVELOPMENT PILOT (DETAILED BELOW). THE VISION FOR THE INTERVENTION PATHWAY IS TO PROVIDE AN OUTLET TO INNOVATE, TEST NEW IDEAS, AND ULTIMATELY CREATE PROGRAMS CAPABLE OF SCALE- WITH AN EYE TOWARD PROVIDING PROOF POINTS CAPABLE OF INFLUENCING POLICY, FUNDING, AND EXISTING PROGRAMS WITHIN THE CARE SECTOR. 3)INFLUENCE - B2B & GOVERNMENT: TCI WILL CHAMPION POLICIES, ACTIONS, AND BEST PRACTICES TO AN AUDIENCE OF BUSINESS LEADERS, FUNDERS, AND POLICYMAKERS IN ORDER TO ADVANCE THE BROADER DIALOGUE ON CARE. THE GOALS ARE TO ENCOURAGE ADVOCATES TO WORK TOGETHER IN A MORE COORDINATED AND STRATEGIC WAY, AND TO BRING BUSINESSES FURTHER INTO THE CONVERSATION ON CARE IN WAYS THAT CHALLENGE THEM TO OWN THEIR ROLE AND RESPONSIBILITY IN ADDRESSING THE CARE CRISIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wayne Ysaguirre Executive Di | Officer | 40 | $120,385 |
Sheila Marcelo President, T | OfficerTrustee | 1 | $0 |
Robert Stephen Director | Trustee | 1 | $0 |
Richard Berman Director | Trustee | 1 | $0 |
Joanne Cox Director | Trustee | 1 | $0 |
Pauline Fischer Director | Trustee | 1 | $0 |
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 | $375,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $375,000 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $375,000 |
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. | $132,046 |
Compensation of current officers, directors, key employees. | $6,602 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,420 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,098 |
Fees for services: Accounting | $3,212 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $97,276 |
Advertising and promotion | $0 |
Office expenses | $8,715 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $252,767 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $368,381 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $10,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $378,381 |
Accounts payable and accrued expenses | $2,289 |
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 | $2,289 |
Net assets without donor restrictions | $376,092 |
Net assets with donor restrictions | $0 |
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 | $378,381 |
Over the last fiscal year, we have identified 1 grants that Care Institute Inc has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Aarp Washington, DC PURPOSE: Sponsorship of the Senior Care Assessment project | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Family Health Center Of Worcester Inc Worcester, MA | $12,676,950 | $56,870,646 |
Family Service League Inc Huntington, NY | $59,056,765 | $58,964,732 |
The Village For Families & Children Inc Hartford, CT | $142,375,590 | $47,142,343 |
East Bay Community Action Program Newport, RI | $25,998,847 | $43,894,385 |
Wayside Youth & Family Support Network Framingham, MA | $43,783,869 | $41,380,096 |
Child & Family Services Inc New Bedford, MA | $21,919,965 | $37,057,328 |
Family Services Of Westchester Inc Purchase, NY | $15,513,115 | $28,897,436 |
Child & Family Services Of Erie County Buffalo, NY | $11,859,007 | $28,079,728 |
Cooke School And Institute New York, NY | $87,858,830 | $28,836,846 |
Jewish Family And Childrens Service Waltham, MA | $38,756,432 | $27,576,900 |
Catholic Charities Inc Archdiocese Of Hartford Hartford, CT | $26,530,835 | $26,513,389 |
Family Service Association Of Greater Fall River Inc Fall River, MA | $29,353,620 | $20,876,464 |