THE CARE INSTITUTE

EIN: 821921409 501(c)(3)

WALTHAM, MA

Total Revenue
$375,000
Total Expenses
$252,767
Total Assets
$378,381
Net Assets
$376,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
WAYNE YSAGUIRRE
Phone
8579285809
Tax Period
2020-01-01 to 2020-12-31

THE CARE INSTITUTE, founded in 2017, is a small nonprofit that reported $375K in total revenue in fiscal year 2020. The organization ran a surplus of $122K, a strong 33% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $222,711

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $375,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $375,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,466
Fundraising Expenses $12,373
Program Expenses $222,711
Other Expenses $111,301
TOTAL EXPENSES $252,767

Year-over-Year Comparison

2020 2019 Change
Revenue $375,000 N/A N/A
Expenses $252,767 N/A N/A
Net Income $122,233 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$132,048
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE YSAGUIRRE EXECUTIVE DI 40.00
Officer
$120,385 $11,663 $132,048
RICHARD BERMAN DIRECTOR 1.00
Director
$0 $0 $0
JOANNE COX DIRECTOR 1.00
Director
$0 $0 $0
PAULINE FISCHER DIRECTOR 1.00
Director
$0 $0 $0
SHEILA MARCELO PRESIDENT, T 1.00
Officer Director
$0 $0 $0
ROBERT STEPHEN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $375,000 $252,767 $378,381 $122,233
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