Nonprofit · EIN 47-2408339
CARESOURCE GEORGIA CO
Tax-exempt · ATLANTA, GA 30363
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,467,472,962 | $1,412,434,190 | $55,038,772 | $657,057,031 | $399,877,552 | $257,179,479 |
| December 31, 2023 | 990 | $1,608,533,529 | $1,481,484,216 | $127,049,313 | $549,096,937 | $347,634,600 | $201,462,337 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,459,136,627
- Investment income
- $8,336,335
- Net gain from sales of assets
- $40
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $185,877
- Accounting fees
- $554,839
- Occupancy
- $3,197,607
- Travel
- $820,538
- Program services (functional)
- $1,265,127,680
- Management and general (functional)
- $147,306,510
Balance sheet and other
- Total assets, start of year
- $549,096,937
- Total assets, end of year
- $657,057,031
- Total liabilities, end of year
- $399,877,552
- Net assets, end of year
- $257,179,479
- Publicly traded securities
- $97,544,663
- Net assets without donor restrictions
- $257,179,479
- Gross receipts
- $2,276,298,898
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erhardt Preitauer | Chair/Director Trustee or director, Officer | 8 | $0 | $6,076,721 | $6,124,441 |
| Richard Topping | Secretary (To 5/31) Officer | 8 | $0 | $2,659,280 | $831,276 |
| Lawrence Smart | CFO, Treasurer/Director Trustee or director, Officer | 8 | $0 | $1,657,234 | $1,813,852 |
| Edward Stubbers | Secretary (Eff 6/1) Officer | 8 | $0 | $1,060,829 | $1,137,246 |
| Stephanie Williams | Assistant Treasurer Officer | 10 | $0 | $936,707 | $1,020,408 |
| Jason Bearden | President Officer | 30 | $0 | $988,498 | $397,522 |
| Jai Pillai | Former Chief Operating Ofr Former | 0 | $0 | $244,761 | $0 |
| Veda Johnson | Director Trustee or director | 1 | $0 | $1,000 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erhardt Preitauer | Pres/CEO to 4/23 then Chr/Dir Trustee or director, Officer | 8 | $0 | $7,982,382 | $4,047,739 |
| Richard Topping | Secretary (Eff 5/23) Officer | 8 | $0 | $2,429,434 | $942,437 |
| Lawrence Smart | CFO, Treasurer/Dir (Eff 5/23) Trustee or director, Officer | 8 | $0 | $2,282,374 | $712,492 |
| Scott Markovich | Director (To 4/23) Trustee or director | 8 | $0 | $2,046,512 | $861,652 |
| Jai Pillai | Chief Operating Ofr (To 4/23) Officer | 8 | $0 | $1,975,288 | $15,770 |
| Jason Bearden | Dir (To 4/23), Pres (Eff 5/23) Trustee or director, Officer | 30 | $0 | $1,056,350 | $554,625 |
| Stephanie Williams | Asst. Treasurer (Eff 5/23) Officer | 10 | $0 | $874,375 | $548,452 |
| Daniel McCabe | Former Chief Admin Officer Former | 0 | $0 | $140,542 | $0 |
| Veda Johnson | Director Trustee or director | 1 | $0 | $1,000 | $0 |
Address and contacts
- Address (IRS master file)
- 171 17TH ST NW STE 1400, ATLANTA, GA 30363-1069
- In care of
- % JANET FERNANDES
- Mailing address (990-N for 2015)
- PO Box 8738, Dayton OH 45401
- Principal officer (990 for 2024)
- Jason Bearden, Same as C above, Dayton, OH 45401
- Principal officer (990-N for 2015)
- Pamela B Morris, PO Box 8738, Dayton OH 45401
- Signed the 990
- Lawrence Smart, CFO
- Phone
- (937) 224-3300
- Return prepared by
- RSM US LLP
Mission
CareSource Georgia Co.'s mission is to make a lasting difference in our members' lives by improving their health and well-being. The organization's vision is to transform lives through innovative health and life services. (Continued on Schedule O)CareSource Georgia Co. is a health maintenance organization licensed by the state of Georgia and serves members through Marketplace, Medicaid, Dual Eligible Special Needs Plans, and the PeachCare for Kids and Planning for Healthy Babies programs.
Program accomplishments
- CareSource Georgia Co. ("CSGA ") is a nonprofit corporation established under the state laws of Georgia. On July 18, 2017, CSGA received a determination letter from the Internal Revenue Service, recognizing CSGA as an organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, effective as of the date of CSGA's formation. CSGA is a member of the CareSource group of nonprofit tax-exempt organizations (the "CareSource Public Charities"). (Continued on Schedule O)The sole member of the CareSource Public Charities is CareSource, an Ohio nonprofit corporation that is tax-exempt under section 501(c)(3) of the Internal Revenue Code of 1986 (the "Code"). The CareSource Public Charities' primary activity for the last three decades has been to provide nonprofit Medicaid, Medicare, and Marketplace health maintenance organization ("HMO") services.As a mission-driven organization, CSGA follows the guidance of the CareSource Public Charities and is focused on transforming health care with innovative programs that address the social determinants of health, health equity, prevention and access to care.CSGA began providing care to participants in its Medicaid HMO plan on July 1, 2017. CSGA serves individuals meeting the low-income thresholds for Medicaid eligibility. CSGA participates in the State of Georgia's Planning 4 Healthy Babies program, or P4HB, which is a demonstration waiver program for women meeting Medicaid income thresholds designed to help reduce the number of low-birth-weight babies born each year. Through the P4HB program, CSGA offers family planning services, health care coverage for certain pregnancy-related chronic conditions, and case management services to women at risk for a low-birth-weight delivery. CSGA launched a Marketplace plan in 2020, offering affordable individual and family plans tailored for any budget, as well as a Dual Eligible Special Needs Plan in 2021.Over the past few years, CareSource Georgia has partnered with Learning to Serve, a Georgia student scholarship organization designed to help students earn a scholarship to attend an accredited K-12 private school. In 2024 alone, CSGA contributed $632,500 to give Georgia fostering and adoptive families the help they needed to make the best decisions and help remove barriers to education for their children. Student scholarships are awarded on merit, namely community service, which the applicants are required to document within the application process. CSGA is the first nonprofit health care plan chosen to serve Georgia Medicaid and PeachCare for Kids Members enrolled in Georgia Families. We believe in people over profits, and we are committed to providing even more enhanced benefits to help improve the health and well-being of our Members. Members enrolled in our Georgia Families plan have access to the following services:(1) Earning rewards each year for completing healthy activities,(2) Dental benefits for kids and adults,(3) Vision benefits,(4) A personal life coach for up to 24 months, help finding a job, and rides to job training and interviews. Job coaches help with interview practice and resumes and provide support after starting a new job,(5) Free memberships to youth organizations and sports physicals,(6) Free breast pumps, free pregnancy tests through a pharmacist, baby showers and help with childcare,(7) CareSource 24, the 24/7/365 Nurse Advice Line and Telehealth RelyMD to access a doctor 24/7/365 using a smartphone or computer, (8) A bank account from Fifth Third Bank with no monthly service charge, no balance requirement, no overdraft fees and a debit card for purchases, (9) Medication therapy management,(10) Help with asthma, ADHD, autism, behavioral health, high blood pressure, chronic kidney disease and more, and (11) Transportation to doctor visits, WIC office, food pantries, education and jobs, and CareSource events.Expenses $1,265,127,680 · revenue $1,459,136,627
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2408339
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E31)
- Assets (IRS master file)
- $657,057,031
- Income (IRS master file)
- $2,276,298,898
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,467,472,962 | $1,412,434,190 | $657,057,031 | XML |
| 990 | December 2023 | $1,608,533,529 | $1,481,484,216 | $549,096,937 | XML |
| 990 | December 2022 | $1,556,961,903 | $1,474,705,609 | $511,891,671 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Pamela B Morris | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2408339).
Questions about CARESOURCE GEORGIA CO
- What is the EIN of CARESOURCE GEORGIA CO?
- The employer identification number (EIN) of CARESOURCE GEORGIA CO is 47-2408339.
- Is CARESOURCE GEORGIA CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to CARESOURCE GEORGIA CO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARESOURCE GEORGIA CO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARESOURCE GEORGIA CO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARESOURCE GEORGIA CO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARESOURCE GEORGIA CO?
- The 990 for the year ended December 31, 2024 names Jason Bearden.
- Who are the officers and directors of CARESOURCE GEORGIA CO?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CARESOURCE GEORGIA CO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,467,472,962, expenses of $1,412,434,190 and total assets of $657,057,031 at year end.
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