The Care Institute
Nonprofit profile at a glance
- EIN
- 821921409
- IRS 990-EZ coverage
- 2018–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021
- Location
- Waltham, MA, USA
- Phone
- 8579285809
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $85,010
- Expenses
- $453,155
- Assets
- $8,946
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SHEILA MARCELO (PRESIDENT, T)
People named in this filing
- WAYNE YSAGUIRRE (EXECUTIVE DI)
- RICHARD BERMAN (DIRECTOR)
- JOANNE COX (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2021
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.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 4
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 41.8%; rating input score 42
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -433.1%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 32.2%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 44.2% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -21.8% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 41.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $189K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2018 to 2021
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Program expense ratio scored 42/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.