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Nonprofit · EIN 56-1977341

CARENET INC

Tax-exempt · WINSTON SALEM, NC 27104

Financials

$5.2M$6.4M2023$5.7M$6.7M2024
Revenue Expenses · by fiscal year end
Financials of CARENET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,701,001$6,707,027-$1,006,026$1,947,728$3,578,051-$1,630,323
December 31, 2023990$5,235,344$6,374,192-$1,138,848$2,238,567$2,863,930-$625,363
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$152,383
Program service revenue
$5,487,292
Investment income
$32,493
Net gain from sales of assets
$4,507
Other revenue
$28,833

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$45,390
Other salaries and wages
$4,707,892
Salaries, compensation and benefits (total)
$5,895,256
Professional fundraising fees
$0
Travel
$23,920
Program services (functional)
$6,223,769
Management and general (functional)
$483,258

Balance sheet and other

Total assets, start of year
$2,238,567
Total assets, end of year
$1,947,728
Total liabilities, end of year
$3,578,051
Net assets, end of year
-$1,630,323
Publicly traded securities
$84,540
Net assets without donor restrictions
-$1,630,323
Gross receipts
$5,701,001
Employees
0
Volunteers
9
Year formed
1996
State of legal domicile
NC

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.

NameTitleHours / weekCompensationOther / benefits
BRADLEY A CLARKTREASURER
Officer
0.1$2,513,703$419,389
TERRY G WILLIAMSCHAIR (TO 2/1/24)
Trustee or director, Officer
0.1$2,204,442$248,612
J MCLAIN WALLACE JRSECRETARY
Officer
1$1,659,102$30,227
ALISA STARBUCK DNPTRUSTEE (FROM 2/1/24)
Trustee or director
1$870,609$40,148
JENNIFER HOULIHANTRUSTEE (FROM 2/1/24)
Trustee or director
1$424,348$35,834
CHRISTOPHER GAMBILLTRUSTEE (FROM 2/1/24)
Trustee or director
1$165,231$15,253
DOUG URLANDTRUSTEE
Trustee or director
1$0$0
KEVIN P HIGH MDTRUSTEE (TO 2/1/24)
Trustee or director
1$0$0
MICHAEL LISCHKETRUSTEE
Trustee or director
1$0$0
RUTH BENCATRUSTEE
Trustee or director
1$0$0
RICHARD W LORD MDTRUSTEE
Trustee or director
1$0$0
WILLIAM SATTERWHITETRUSTEE (TO 2/1/24)
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
BRADLEY A CLARKTREASURER
Officer
0.1$1,431,976$145,795
J MCLAIN WALLACE JRSECRETARY
Officer
1$983,574$35,934
BRYAN HATCHER DRPHTRUSTEE, PRESIDENT (TO 3/1/23)
Trustee or director, Officer
40$49,927$9,981
DOUG URLANDTRUSTEE
Trustee or director
1$0$0
GARY R GUNDERSONTRUSTEE (TO 8/1/23)
Trustee or director
1$0$0
KEVIN P HIGH MDTRUSTEE
Trustee or director
1$0$0
MICHAEL LISCHKETRUSTEE
Trustee or director
1$0$0
RICHARD W LORD MDTRUSTEE
Trustee or director
1$0$0
TERRY G WILLIAMSCHAIR
Trustee or director, Officer
0.1$0$0
WILLIAM SATTERWHITETRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2000 W 1ST ST STE 410, WINSTON SALEM, NC 27104-4225
In care of
% WENDI STOCKSTILL
Principal officer (990 for 2024)
DR BRIAN DAVIS, 2000 W FIRST STREET 410, WINSTON SALEM, NC 27104
Signed the 990
BRADLEY A CLARK, TREASURER
Phone
(336) 716-4445

Mission

OUR DEDICATION TO ELEVATING HEALTH CARE FOR EVERY INDIVIDUAL, EVERY TEAMMATE AND EVERY COMMUNITY IS UNWAVERING. WE WON'T STOP UNTIL EVERYONE - NO MATTER WHO THEY ARE OR WHERE THEY COME - FROM HAS THE POSSIBILITY TO LIVE WELL. AND BECAUSE OF THIS, WE ARE REDEFINING WHY WE EXIST, OUR PURPOSE AS AN ORGANIZATION AND HOW WE MAKE IT HAPPEN TOGETHER AS ONE.OUR PURPOSE: FROM DISCOVERY TO EVERYDAY MOMENTS, WE'RE REDEFINING CARE.OUR COMMITMENTS ARE THE PROMISES OUR TEAMMATES MAKE TO FULFILL OUR PURPOSE.-LIFT EVERYONE UP: WE BELIEVE EVERYONE MATTERS AND CREATE SPACES WHERE ALL BELONG AND CAN THRIVE.-LEAD THE WAY: WE CHART NEW PATHS TO ACHIEVE THE EXTRAORDINARY.-THINK BOLDLY TOGETHER: WE COLLABORATE WITH HUMILITY, TURNING THE BEST IDEAS INTO NEW POSSIBILITIES.-EMBRACE THE UNKNOWN: WE DRIVE CHANGE THROUGH FEARLESS CURIOSITY AND UNSHAKEABLE OPTIMISM.

990 for the year ended December 31, 2024

Program accomplishments

  • CARENET IS A STATEWIDE, CLIENT-CENTERED COUNSELING NETWORK COMPRISED OF HIGHLY SKILLED AND COMPASSIONATE MENTAL HEALTH THERAPISTS. THE ORGANIZATION PROVIDED 41,860 SESSIONS OF MENTAL HEALTH COUNSELING THROUGH APPROXIMATELY 28 LOCATIONS ACROSS THE STATE OF NORTH CAROLINA DURING THE TAX YEAR ENDING DECEMBER 31, 2024. CARENET'S STATE-LICENSED THERAPISTS AND RESIDENTS OFFER A WIDE RANGE OF EVIDENCE-BASED COUNSELING SERVICES TO INDIVIDUALS, FAMILIES, AND GROUPS. THE ORGANIZATION'S WORK IS DESIGNED AROUND CARING, NURTURING, HEALING, AND RESTORING INDIVIDUALS, FAMILIES, AND COUPLES.
    Expenses $6,223,769 · revenue $5,516,125

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1977341
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J21Z)
Assets (IRS master file)
$1,947,728
Income (IRS master file)
$5,701,001

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,701,001$6,707,027$1,947,728XML
990December 2023$5,235,344$6,374,192$2,238,567XML
990December 2022$5,618,321$5,725,979$1,873,575IRS
990December 2021–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

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 56-1977341).

Questions about CARENET INC

What is the EIN of CARENET INC?
The employer identification number (EIN) of CARENET INC is 56-1977341.
Is CARENET INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to CARENET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CARENET INC 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 CARENET INC 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 CARENET INC 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 CARENET INC?
The 990 for the year ended December 31, 2024 names DR BRIAN DAVIS.
Who are the officers and directors of CARENET INC?
The 990 for the year ended December 31, 2024 lists 12 people; 6 received compensation from the organization, the highest $2,513,703 (BRADLEY A CLARK, TREASURER).
How much revenue does CARENET INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,701,001, expenses of $6,707,027 and total assets of $1,947,728 at year end.

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