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CARE Initiatives

West Des Moines, IA · EIN 76-0262402 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

CARE Initiatives reported $271.9 million in revenue and $265.4 million in expenses for calendar year 2024. Of every $100 it spent, $91.78 went to program services, $8.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.0% of the total. The highest compensation it reported for one person was $756,826 (PRESIDENT/CEO/VICE CHAIR). 224 people received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $265M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $272M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
91.8%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
8.2%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.2%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%0.1%
Program service revenue share
Part VIII 2g ÷ 12
99.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$756,826$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.29%1.34%
People paid over $100,000
Part VII, line 2
22427
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.46.6
Independent voting board members
Part VI 1a–1b
7 of 888.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$244M expenses · 100.0% of program spending · grants $63,639 · revenue $270M

During 2024, Care Initiatives provided services to a daily average of 2,269 individuals in 43 skilled nursing care locations, two assisted living locations and seven independent living locations. Care Initiatives provides quality health care, at the lowest possible cost to our residents and patients. Services provided include lodging, nutritious meals, assistance with activities of daily living, engaging activities to maintain the highest physical and mental quality of life attainable. Additional services include occupational, speech and physical therapy, outpatient therapy services, skilled…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO/VICE CHAIR
Director/trustee, officer, 40.00 hrs/week
$729,150$0$27,676$756,826
SVP/CFO/TREASURER
Officer, 40.00 hrs/week
$437,357$0$2,647$440,004
VP GENERAL COUNSEL
Highest compensated employee, 40.00 hrs/week
$298,089$0$27,239$325,328
VP SKILLED NURSING OPERATI
Officer, 40.00 hrs/week
$297,306$0$26,583$323,889
VP CLINICAL SERVICES
Highest compensated employee, 40.00 hrs/week
$310,418$0$11,678$322,096
CHARGE NURSE RN
Highest compensated employee, 90.00 hrs/week
$311,770$0$9,280$321,050
VP HUMAN RESOURCES
Highest compensated employee, 40.00 hrs/week
$287,527$0$24,794$312,321
CHIEF COMPLIANCE OFFICER
Highest compensated employee, 40.00 hrs/week
$295,028$0$10,400$305,428

224 people received more than $100,000 in reportable compensation from CARE Initiatives (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400M201920202021202220232024$272M$265M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$272M$265M91.8%$75M$756,826
2023 ⓘ$261M$262M91.6%$67M$721,327
2022 ⓘ$238M$254M92.1%$66M$680,575
2021 ⓘ$224M$221M92.5%$83M$608,638
2020 ⓘ$213M$207M93.6%$81M$620,295
2019 ⓘ$193M$191M94.0%$74M$593,185

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 55,686
  • Volunteers Part I, line 6117

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
BLUE STONE THERAPY INC
Phys/occ/sp therapy
$5,176,248
RELIANT PRO REHAB LLC
Phys/occ/sp therapy
$4,642,145
CURANA HEALTH OF IOWA PLLC
Medical director services
$1,270,507
GRAPE TREE MEDICAL STAFFING LLC
Nurse staffing
$1,012,019
SHIFTKEY LLC
Nurse staffing
$954,330

Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to CARE Initiatives totaling $100 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from CARE Initiatives's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for CARE Initiatives, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Iowa

Questions people ask

How much of CARE Initiatives's spending goes to programs?

In calendar year 2024, CARE Initiatives reported that 91.8% of its $265.4 million in expenses went to program services, 8.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does CARE Initiatives pay its top executive?

The largest total compensation CARE Initiatives reported for one person in calendar year 2024 was $756,826, for the role of PRESIDENT/CEO/VICE CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does CARE Initiatives get its money?

Of $271.9 million in revenue in calendar year 2024, 0.2% came from contributions and grants (including 0.2% from government grants) and 99.0% from program service revenue (Form 990, Part VIII).

Is CARE Initiatives a registered charity?

The IRS lists EIN 76-0262402 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202543149349303759 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413119349303056 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333159349300213 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233089349301438 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113099349302456 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013169349302216 · read the filing

All filings for EIN 76-0262402: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.