Civic Intelligence

Carenet Inc.

990 • Fiscal year 2011 • EIN 56-1977341

Jul 01, 2010 to Jun 30, 2011 • Filed on May 08, 2012

2000 W First Street No 41027104
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.30x

Higher debt load relative to assets than 74% of similar nonprofits.

2011 filings • NTEE J • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

29th percentile

-3.7%

Faster asset growth than 29% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$2,222,095

Down $84,902 (-3.7%) from 2010

Net Assets

Up

$1,549,566

Up $100,667 (+6.9%) from 2010

Liabilities

Down

$672,529

Down $185,569 (-22%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,109,395

Up $52,380 (+1.7%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2010: $2,306,997Liabilities 2010: $858,098Net Assets 2010: $1,448,8992010Assets 2011: $2,222,095Liabilities 2011: $672,529Net Assets 2011: $1,549,5662011Assets 2012: $2,470,917Liabilities 2012: $1,007,451Net Assets 2012: $1,463,4662012Assets 2013: $2,043,092Liabilities 2013: $575,012Net Assets 2013: $1,468,0802013Assets 2014: $1,788,055Liabilities 2014: $646,556Net Assets 2014: $1,141,4992014Assets 2015: $1,968,888Liabilities 2015: $803,172Net Assets 2015: $1,165,7162015Assets 2016: $1,890,417Liabilities 2016: $806,878Net Assets 2016: $1,083,5392016Assets 2017: $1,993,248Liabilities 2017: $913,061Net Assets 2017: $1,080,1872017Assets 2018: $3,048,252Liabilities 2018: $1,952,707Net Assets 2018: $1,095,5452018Assets 2019: $2,501,021Liabilities 2019: $1,218,960Net Assets 2019: $1,282,0612019Assets 2020: $2,758,755Liabilities 2020: $1,503,083Net Assets 2020: $1,255,6722020Assets 2021: $2,689,071Liabilities 2021: $1,758,561Net Assets 2021: $930,5102021Assets 2022: $1,873,575Liabilities 2022: $1,359,023Net Assets 2022: $514,5522022Assets 2023: $2,238,567Liabilities 2023: $2,863,930Net Assets 2023: -$625,3632023Assets 2024: $1,947,728Liabilities 2024: $3,578,051Net Assets 2024: -$1,630,3232024

Highlighted filing

2011

Assets$2,222,095
Liabilities$672,529
Net Assets$1,549,566

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,057,0152010Expenses 2011: $3,109,3952011Expenses 2012: $3,337,7822012Expenses 2013: $3,388,0082013Revenue 2014: $3,819,703Expenses 2014: $4,153,628Net Income 2014: -$333,9252014Revenue 2015: $4,382,024Expenses 2015: $4,355,666Net Income 2015: $26,3582015Revenue 2016: $4,477,724Expenses 2016: $4,557,575Net Income 2016: -$79,8512016Revenue 2017: $4,019,549Expenses 2017: $4,019,809Net Income 2017: -$2602017Revenue 2018: $4,080,947Expenses 2018: $4,066,433Net Income 2018: $14,5142018Revenue 2019: $3,844,096Expenses 2019: $3,660,117Net Income 2019: $183,9792019Revenue 2020: $4,931,390Expenses 2020: $4,945,366Net Income 2020: -$13,9762020Revenue 2021: $4,978,704Expenses 2021: $5,319,927Net Income 2021: -$341,2232021Revenue 2022: $5,618,321Expenses 2022: $5,725,979Net Income 2022: -$107,6582022Revenue 2023: $5,235,344Expenses 2023: $6,374,192Net Income 2023: -$1,138,8482023Revenue 2024: $5,701,001Expenses 2024: $6,707,027Net Income 2024: -$1,006,0262024

Highlighted filing

2011

Revenue-
Expenses$3,109,395
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 8, 2012
Return Version
2010v3.4
Gross Receipts
$3,733,736
Mission and Program Overview

Mission

To provide high quality faith integrated counseling and behavioral health services to clients and be a resource to the community that enhances mental and spiritual health.

Filing and Contact Details

Filer

EIN
56-1977341
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IRS990/Description0CARENET COUNSELING, INC. IS A NON-PROFIT ORGANIZATION WHICH PROVIDES A FULL RANGE OF COUNSELING SERVICES TO THE PUBLIC. FORMALLY KNOWN AS PASTORAL COUNSELING SERVICES, CARENET IS THE ONLY FAITH-INTEGRATED, NATIONALLY ACCREDITED COUNSELING SERVICE IN THE TRIAD.SINCE 1947, THIS MINISTRY OF LICENSED MENTAL HEALTH PROFESSIONALS HAS HELPED TENS OF THOUSANDS OF INDIVIDUALS AND FAMILIES. DEDICATED COUNSELORS PROVIDE CONFIDENTIAL, COMPASSIONATE CARE WITH RESPECT FOR PERSONAL BELIEFS AND VALUES.THE SECOND CLASS OF THE RESIDENCY IN PSYCHOTHERAPY AND SPIRITUALITY PROGRAM BEGAN ITS FIRST YEAR IN A THREE-YEAR RESIDENT TRAINING PROGRAM THAT PREPARES STUDENTS FOR STATE LICENSURE AND PROFESSIONAL FUNCTIONING AS LICENSED PRACTITIONERS. A PARTICULAR EMPHASIS IN THE PROGRAM IS THE INTEGRATION OF PSYCHOTHERAPEUTIC MODELS OF CARE AND THEOLOGICAL/SPIRITUAL REFLECTION. THE PROGRAM ALSO EXPANDS OUR CARE TO THE GROWING UNINSURED POPULATION IN OUR TWENTY-ONE LOCATIONS ACROSS NORTH CAROLINA.
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IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleO/GeneralExplanation/Explanation0NORTH CAROLINA BAPTIST HOSPITAL IS THE SOLE MEMBER OF THE CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE NUMBER OF TRUSTEES OF THE CORPORATION SHALL BE NOT LESS THAN THREE NOR MORE THAN TEN. THE SOLE MEMBER AT ANY ANNUAL MEETING MAY BY RESOLUTION FIX THE NUMBER OF TRUSTEES TO BE ELECTED AT THE MEETING, WHICH SHALL CONSTITUTE THE NUMBER OF TRUSTEES OF THE CORPORATION UNTIL THE NEXT ANNUAL MEETING OF THE SOLE MEMBER UNLESS THE NUMBER IS CHANGED BY ACTION OF THE SOLE MEMBER OR THE TRUSTEES. THE TRUSTEES SHALL BE ELECTED BY THE SOLE MEMBER AT ANY ANNUAL MEETING OF THE SOLE MEMBER OR AT A SPECIAL MEETING OF THE SOLE MEMBER OF WHICH NOTICE OF THE PURPOSE TO ELECT ONE OR MORE TRUSTEES HAS BEEN GIVEN. THE ELECTION OF TRUSTEES SHALL BE A PART OF THE ORDER OF BUSINESS OF EACH ANNUAL MEETING OF THE SOLE MEMBER. TRUSTEES MAY BE REMOVED FROM OFFICE AT ANY TIME WITH OR WITHOUT CAUSE BY THE SOLE MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2SEE RESPONSE TO LINE 7A.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FILING ORGANIZATION'S BOARD OF DIRECTORS RECEIVES COPIES OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENT, AND QUESTIONS PRIOR TO ITS FILING. THE AUDIT AND COMPLIANCE COMMITTEES OF THE GOVERNING BOARDS OF WFUHS AND NCBH REVIEW IN ADDITIONAL DETAIL THE FILING ORGANIZATION'S FORM 990 WITH THE ORGANIZATION'S CHIEF FINANCIAL OFFICER OR HIS DESIGNEE, WHO ANSWERS QUESTIONS AND ADDRESSES CONCERNS RAISED BY SUCH COMMITTEE MEMBERS OR OTHER FILING ORGANIZATION DIRECTORS. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW AND COMMENT, THE REVISED FORM 990 IS REDISTRIBUTED TO ALL DIRECTORS PRIOR TO ITS FILING WITH THE IRS, ALONG WITH A REPORT NOTING THE MODIFICATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation4CARENET, INC. IS A SUBSIDIARY OF NORTH CAROLINA BAPTIST HOSPITAL (NCBH) WHICH IS OPERATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (WFUBMC). POLICIES APPLICABLE TO WFUBMC ARE ALSO APPLICABLE TO CARENET, INC. TO PROMOTE REGULATORY COMPLIANCE, INCLUDING THE AVOIDANCE OF IMPERMISSIBLE PRIVATE BENEFIT, PRIVATE INUREMENT, OR EXCESS BENEFIT TO PERSONS POSSESSING SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF NCBH, THE EXECUTIVE COMMITTEE OF THE WFUBMC BOARD WILL CONDUCT OR INITIATE REVIEWS AS IT DEEMS APPROPRIATE OR NECESSARY OF: (I) COMPENSATION ARRANGEMENTS; (II) ACQUISITIONS OF PHYSICIAN PRACTICES AND OTHER PROVIDER SERVICES; (III) PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS AND ARRANGEMENTS WITH MANAGEMENT SERVICES ORGANIZATIONS AND PHYSICIAN HOSPITAL ORGANIZATIONS; AND (IV) AGREEMENTS TO PROVIDE HEALTH CARE AND AGREEMENTS WITH OTHER HEALTH CARE PROVIDERS, EMPLOYEES, AND THIRD-PARTY PAYERS.
IRS990ScheduleO/GeneralExplanation/Explanation5CARENET, INC. HAS NO DIRECT EMPLOYEES -- ALL CLINICIANS AND OFFICE STAFF ARE EMPLOYED BY NORTH CAROLINA BAPTIST HOSPITAL (NCBH) OR ARE INDEPENDENT CONTRACTORS. THE SALARIES OF THE TOP EXECUTIVE DIRECTOR OR OTHER OFFICERS ARE DETERMINED BY WFUBMC AND DETAILED IN THE WFUBMC EXECUTIVE COMPENSATION POLICY. THE CARENET, INC. BOARD OF TRUSTEES REVIEWS THE SALARY OF THE EXECUTIVE DIRECTOR ANNUALLY. THE ORGANIZATION HAD NO OTHER OFFICERS OR KEY EMPLOYEES TO WHOM THE POLICY WOULD APPLY.
IRS990ScheduleO/GeneralExplanation/Explanation6PHOTOCOPIES OF THE FORM 1023 AND RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/GeneralExplanation/Explanation7PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/GeneralExplanation/Explanation8THE FOLLOWING PERSONS WERE COMPENSATED DIRECTLY BY NORTH CAROLINA BAPTIST HOSPITAL, A RELATED ORGANIZATION, FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION. EACH PERSON'S POSITION IN EACH ORGANIZATION, AND THE AVERAGE HOURS PER WEEK THAT THEY DEVOTE TO EACH ENTITY, ARE SHOWN BELOW. - H. GREG BRAY - TRUSTEE, FILING ORGANIZATION 0.1 HOURS PER WEEK ASSISTANT TREASURER/ASSISTANT SECRETARY, NCBH 38.7 HOURS PER WEEK SECRETARY, THE NURSING CENTER AT OAK SUMMIT (1/1 - 6/30) 0.1 HOURS PER WEEK SECRETARY, NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION (1/1 - 6/30) 0.1 HOURS PER WEEK TREASURER, HAWTHORNE INN & CONFERENCE CENTER 1 HOURS PER WEEK - DONNY LAMBETH - TRUSTEE, FILING ORGANIZATION 0.1 HOURS PER WEEK PRESIDENT, NCBH 36 HOURS PER WEEK PRESIDENT, WFUBMC COMMUNITY PHYSICIANS 1 HOUR PER WEEK DIRECTOR, DAVIDSON HEALTHCARE, INC. 1 HOUR PER WEEK DIRECTOR, LEXINGTON MEMORIAL HOSPITAL, INC. 1 HOUR PER WEEK DIRECTOR, LEXMEDICAL, INC. 1 HOUR PER WEEK CHAIRMAN, HAWTHORNE INN & CONFERENCE CENTER 0.1 HOURS PER WEEK SECRETARY, THE NURSING CENTER AT OAK SUMMIT (7/1 - 12/31) 0.1 HOURS PER WEEK SECRETARY, NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION (7/1 - 12/31) 0.1 HOURS PER WEEK MEMBER, NORTHWEST COMMUNITY CARE NETWORK, INC. 0.1 HOURS PER WEEK TRUSTEE, SECRETARY, TREASURER, THE MEDICAL FOUNDATION OF WFUHS AND NCBH 0.1 HOURS PER WEEK - MAUREEN E. SINTICH - TRUSTEE, FILING ORGANIZATION 0.1 HOURS PER WEEK VP OPERATIONS/CNO, NCBH 39.8 HOURS PER WEEK TRUSTEE, HAWTHORNE INN & CONFERENCE CENTER 0.1 HOURS PER WEEK - LINDA SCHROEDER - TRUSTEE, FILING ORGANIZATION 0.1 HOURS PER WEEK - STEVEN N. SCOGGIN - PRESIDENT, FILING ORGANIZATION 40 HOURS PER WEEK
IRS990ScheduleO/GeneralExplanation/Explanation9NET UNREALIZED GAINS ON INVESTMENTS: 7,690.
IRS990ScheduleO/GeneralExplanation/Explanation10THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation11CARENET OPERATES UNDER THE DIRECT CONTROL OF ITS SOLE MEMBER, NORTH CAROLINA BAPTIST HOSPITAL, A 501(C)(3) ORGANIZATION. MEMBERS OF THE BOARD OF DIRECTORS OF CARENET ARE NOMINATED BY THE SOLE MEMBER, TYPICALLY FROM ITS MANAGEMENT STAFF, AND IS SUPERVISED BY THE BOARD OF DIRECTORS OF THE SOLE MEMBER. A MAJORITY OF THE BOARD OF DIRECTORS OF THE SOLE MEMBER IS INDEPENDENT.
IRS990ScheduleO/GeneralExplanation/Explanation12EFFECTIVE JULY 1, 2010, THE GOVERNING BOARDS OF FOUR NORTH CAROLINA NONPROFIT CORPORATIONS (WAKE FOREST UNIVERSITY, NORTH CAROLINA BAPTIST HOSPITAL, WAKE FOREST UNIVERSITY HEALTH SCIENCES, AND WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER) ENTERED INTO AN AGREEMENT (THE "MEDICAL CENTER INTEGRATION AGREEMENT" OR "MCIA") UNDER WHICH THE POWER TO OPERATE EACH OF NORTH CAROLINA BAPTIST HOSPITAL ("NCBH") AND WAKE FOREST UNIVERSITY HEALTH SCIENCES ("WFUHS"), INCLUDING THEIR RESPECTIVE "SUBSIDIARIES, AFFILIATES, AND JOINT VENTURES", WAS DELEGATED TO WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER ("WFUBMC"). WFUHS IS A WHOLLY-CONTROLLED SUBSIDIARY OF WAKE FOREST UNIVERSITY ("WFU"). WFUBMC IS NOW A MEMBERSHIP NONPROFIT CORPORATION WHOSE TWO EQUAL MEMBERS ARE NCBH (WHICH ENTITY IS UNRELATED TO WFU) AND WFU. THIS CONSOLIDATION OF MANAGEMENT IN WFUBMC OF THE VARIOUS ACADEMIC MEDICAL CENTER OPERATIONS, SUBJECT TO SUBSTANTIAL RESERVED POWERS IN EACH OF THE WFU AND NCBH CONSTITUENT MEMBERS' (OR IN WFUHS') BOARDS, MANDATED CHANGES IN THE GOVERNANCE DOCUMENTS OF EACH ORGANIZATION (WFUHS, NCBH, AND WFU), WHICH CHANGES WERE MADE DURING THE TAX YEAR. THE FILING ORGANIZATION [CARENET, INC.] IS A WHOLLY-OWNED SUBSIDIARY OF NCBH. WHILE NO CONFORMING CHANGES TO THE FILING ORGANIZATION'S GOVERNANCE DOCUMENTS WERE MADE DURING THE TAX YEAR, THE FILING ORGANIZATION'S MANAGEMENT HAS BEEN DIRECTLY IMPACTED BY THE MCIA, AS REFLECTED IN THE CHANGES MADE TO THE GOVERNANCE DOCUMENTS OF WFUBMC, WFUHS, AND NCBH.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier4AVERAGE HOURS FOR RELATED ORGANIZATIONS:
IRS990ScheduleO/GeneralExplanation/Identifier5CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier6NUMBER OF INDEPENDENT BOARD MEMBERS:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VII, LINE 1, COLUMN (B):
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION A, LINE 1B

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$3.58$1.63$5.70$6.71$1.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$2.86$0.63$5.24$6.37$1.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$1.36$0.51$5.62$5.73$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$1.76$0.93$4.98$5.32$0.34
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$1.50$1.26$4.93$4.95$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$1.22$1.28$3.84$3.66$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$1.95$1.10$4.08$4.07$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.91$1.08$4.02$4.02$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.81$1.08$4.48$4.56$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.80$1.17$4.38$4.36$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.65$1.14$3.82$4.15$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.58$1.47$3.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.01$1.46$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.67$1.55$3.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.86$1.45$3.06