Overview
What is Caresource?
Caresource is a nonprofit organization based in Dayton, Ohio, serving as a supportive umbrella for its affiliated companies: CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co, CareSource Georgia Co, CareSource West Virginia Co, and CareSource Life Services Co. Together, these organizations, which are exempt from federal income tax, carry out the mission of enhancing the health and well-being of their members. Caresource's purpose is to oversee and advocate for the collective objectives of its affiliated entities.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Caresource demonstrates a strong commitment to accountability and financial transparency, as indicated by its 100% score in these areas. The organization features a fully independent board with a high level of oversight, ensuring that governance standards are met. Additionally, its financial health is robust, with a low liabilities-to-assets ratio and 100% of expenses directed toward programs, signaling effective resource management.
The organization has implemented essential policies, including conflict of interest and whistleblower policies, to uphold ethical standards and protect stakeholders. It also maintains thorough documentation of board meeting minutes, which contributes to its transparency. With no material diversion of assets reported, Caresource showcases a trustworthy approach to managing its resources and fulfilling its mission.
Overall, Caresource's strong performance in accountability, fiscal responsibility, and governance underscores its reliability as a nonprofit organization. However, continued monitoring and evaluation are essential to maintain these standards as it grows and adapts to changing needs.
This AI summary has been generated from information found on Charity Navigator.
Is Caresource legitimate?
Caresource is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caresource submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $36,086,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,986,101
For more financial information, click here
What is the mission statement of Caresource?
Caresource is a nonprofit organization with a mission to make a significant impact on members' health and well-being. Through its role as a supporting organization, it provides strategic guidance to its affiliated entities, CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co, CareSource Georgia Co, CareSource West Virginia Co, and CareSource Life Services Co, collectively known as the CareSource Family of Companies. These supported organizations carry out exempt purposes under Section 501(c)(3) of the Internal Revenue Code. Caresource's purpose is to ensure the smooth operation of these organizations and ultimately improve the lives of those they serve.
Who is the CEO of Caresource?
Erhardt Preitauer is the CEO of Caresource The CEO's salary of Caresource is $7,982,382 and their total compensation is $12,030,121.
What is the revenue of Caresource?
Caresource's revenue in 2023 was $2,546,732,879.
Who are the executives of Caresource and what are their salaries?
The average compensation at Caresource during 2023 was $116,740. There are 5303 employees at Caresource.
Here are 24 key members and their salaries (Caresource's CEO's salary is $7,982,382 and their total compensation is $12,030,121):
- Compensation: $7,982,382
- Related: $0
- Other: $4,047,739
- Compensation: $2,429,434
- Related: $0
- Other: $942,437
- Compensation: $2,161,186
- Related: $0
- Other: $862,246
- Compensation: $2,282,374
- Related: $0
- Other: $712,492
- Compensation: $2,161,779
- Related: $0
- Other: $807,353
- Compensation: $2,046,512
- Related: $0
- Other: $861,652
- Compensation: $1,846,632
- Related: $0
- Other: $768,728
- Compensation: $1,769,714
- Related: $0
- Other: $818,257
- Compensation: $1,696,129
- Related: $0
- Other: $634,140
- Compensation: $1,453,138
- Related: $0
- Other: $569,748
- Compensation: $1,975,288
- Related: $0
- Other: $15,770
- Compensation: $1,087,503
- Related: $0
- Other: $550,961
- Compensation: $1,056,350
- Related: $0
- Other: $554,625
- Compensation: $1,075,870
- Related: $0
- Other: $11,242
- Compensation: $280,000
- Related: $0
- Other: $0
- Compensation: $210,000
- Related: $0
- Other: $0
- Compensation: $180,000
- Related: $0
- Other: $0
- Compensation: $165,000
- Related: $0
- Other: $0
- Compensation: $160,000
- Related: $0
- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $140,542
- Related: $0
- Other: $0
Where can I find the form 990 for Caresource?
Caresource's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Caresource
Caresource, a supportive organization under Section 509(a)(2) of the Internal Revenue Code, plays a crucial role in advancing the missions of its affiliated nonprofits: CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co, CareSource Georgia Co, CareSource West Virginia Co, and CareSource Life Services Co, collectively known as the CareSource Family of Companies. This nonprofit organization is dedicated to making a significant impact on the lives of individuals by enhancing their health and well-being through its affiliated entities.
Caresource's mission lies in providing strategic guidance to its nonprofit affiliates. By doing so, it contributes to the achievement of their exempt purposes as tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code. The supported organizations under the CareSource umbrella focus on various aspects of health and wellness, ensuring that they make a lasting difference in the lives of their members.
In essence, Caresource serves as a guiding force for its network of nonprofit organizations, enabling them to optimally carry out their missions and ultimately improve the health and well-being of the communities they serve.
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Impact
October, 2024
CareSource significantly impacts the health and well-being of its members by providing essential support to a network of affiliated organizations across several states. By offering strategic oversight to entities like CareSource Ohio, Indiana, Kentucky, Georgia, West Virginia, and Life Services, it ensures that these organizations can effectively deliver healthcare solutions tailored to the needs of their communities.
Through its focused initiatives, CareSource enhances access to quality healthcare, fosters better health outcomes, and addresses social determinants of health. The organization's comprehensive approach not only improves individual health but also strengthens the overall healthcare landscape, ensuring that vulnerable populations receive the care and resources they need to thrive. By prioritizing the health and wellness of its members, CareSource plays a vital role in transforming lives and building healthier communities.
This information is meant to be a general summary of Caresource. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,271,557,124
- Program Service Revenue: $1,274,101,037
- Gross Receipts: $2,546,965,397
Assets and Liabilities:
- Total Assets: $1,013,140,667
- Total Liabilities: $275,955,369
- Net Assets: $737,185,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,136,374,644
INSURANCE PREMIUMS; REINSURANCE
Revenue
$137,726,393
Organization Details
Founding Year
1999
Principal Officer
Erhardt Preitauer
NTEE Category
Code: E110 - Health
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