Care Institute Group Inc

Indianapolis, IN
Tax-exempt since Dec. 1993
EIN: 35-1902145

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Hospitals and Related Primary Medical Care Facilities (NTEE)

Donations to this organization are tax deductible.

Revenue

$888k (2024)

Expenses

$1.29M (2024)

Total Assets

$2.37M (2024)

Total Liabilities

$5k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$888,415

Expenses

$1,291,374

Net Income

-$402,959

Net Assets

$2,364,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,250	1.6%
Dividends	$66,565	7.5%
Sales of Assets	$807,600	90.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,219,813	94.5%
Compensation of Officers*	$111,949	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,369,135
Total Liabilities	$5,000
Net Assets	$2,364,135

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (President)	$36,377	$0
Robert N Davies (Secretary)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$27,572	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on May 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$376,018

Expenses

$1,063,371

Net Income

-$687,353

Net Assets

$2,767,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,757	1.3%
Dividends	$90,672	24.1%
Sales of Assets	$280,589	74.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$980,866	92.2%
Compensation of Officers*	$110,839	10.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,772,094
Total Liabilities	$5,000
Net Assets	$2,767,094

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (President)	$36,126	$0
Robert N Davies (Secretary)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$26,713	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2022

Revenue

$366,576

Expenses

$1,135,387

Net Income

-$768,811

Net Assets

$3,454,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,277	2.8%
Dividends	$95,620	26.1%
Sales of Assets	$260,679	71.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,032,416	90.9%
Compensation of Officers*	$111,430	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,459,447
Total Liabilities	$5,000
Net Assets	$3,454,447

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (Director)	$37,590	$0
Robert N Davies (Director)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$25,840	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on May 22, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$818,004

Expenses

$1,049,281

Net Income

-$231,277

Net Assets

$4,223,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,590	1.8%
Dividends	$97,997	12.0%
Sales of Assets	$705,417	86.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$955,360	91.0%
Compensation of Officers*	$109,384	10.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,228,258
Total Liabilities	$5,000
Net Assets	$4,223,258

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (Director)	$37,146	$0
Robert N Davies (Director)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$24,238	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$270,002

Expenses

$1,547,972

Net Income

-$1,277,970

Net Assets

$4,454,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,043	6.7%
Dividends	$116,819	43.3%
Sales of Assets	$135,118	50.0%
Other Income	$22	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,462,761	94.5%
Compensation of Officers*	$108,188	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,459,535
Total Liabilities	$5,000
Net Assets	$4,454,535

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (President)	$36,125	$0
Robert N Davies (General Counsel & Sec/Treas)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$24,063	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$289,410

Expenses

$1,153,865

Net Income

-$864,455

Net Assets

$5,732,505

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$62,568	21.6%
Dividends	$110,764	38.3%
Sales of Assets	$116,078	40.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,063,394	92.2%
Compensation of Officers*	$107,842	9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,737,505
Total Liabilities	$5,000
Net Assets	$5,732,505

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (President)	$36,751	$0
Robert N Davies (General Counsel & Sec/Treas)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$23,091	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on July 7, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$388,334

Expenses

$1,317,978

Net Income

-$929,644

Net Assets

$5,907,265

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$83,082	21.4%
Dividends	$101,856	26.2%
Sales of Assets	$199,694	51.4%
Other Income	$3,702	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,189,113	90.2%
Compensation of Officers*	$115,096	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,915,265
Total Liabilities	$8,000
Net Assets	$5,907,265

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (Director)	$32,375	$0
Robert N Davies (Director)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$22,721	$0
Donald L Anderson Ended 1224 (Director)	$12,000	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on Sept. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$360,414

Expenses

$869,321

Net Income

-$508,907

Net Assets

$7,546,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$77,252	21.4%
Dividends	$112,607	31.2%
Sales of Assets	$170,555	47.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$764,156	87.9%
Compensation of Officers*	$117,039	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,554,766
Total Liabilities	$8,079
Net Assets	$7,546,687

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (Director)	$35,596	$0
Robert N Davies (Director)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$21,443	$0
Donald L Anderson (Director)	$12,000	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on Aug. 2, 2018

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$362,066

Expenses

$745,507

Net Income

-$383,441

Net Assets

$8,055,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44,638	12.3%
Dividends	$145,524	40.2%
Sales of Assets	$68,104	18.8%
Other Income	$103,800	28.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$640,124	85.9%
Compensation of Officers*	$128,651	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,063,723
Total Liabilities	$8,129
Net Assets	$8,055,594

Compensation

Key Employees and Officers	Compensation	Other
Jay L Hicks (Director)	$47,593	$0
Robert N Davies (Director)	$28,000	$0
Kelly L Adair (Asst. Secretary/Treasurer)	$21,058	$0
Donald L Anderson (Director)	$12,000	$0
James C Carlino (Director)	$10,000	$0
Arnold M Whitman (Director)	$10,000	$0

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990-PF

Filed on Oct. 31, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$195,196

Expenses

$187,353

Net Income

$7,843

Net Assets

$8,681,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$200,000	> 100%
Investment Income	$13,265	6.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$18,069
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$127,235	67.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$8,686,254
Total Liabilities	$4,356
Net Assets	$8,681,898

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay L Hicks (President)	$46,923	$0	$0
Robert N Davies (Secretary)	$28,000	$0	$0
Kelly L Adair (Asst Secretary/Treasurer)	$20,312	$0	$0
Donald Anderson (Director)	$12,000	$0	$0
Arnold M Whitman (Director)	$10,000	$0	$0
James Carlino (Director)	$10,000	$0	$0

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990

Filed on Aug. 9, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$207,996

Expenses

$259,728

Net Income

-$51,732

Net Assets

$546,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$200,000	96.2%
Investment Income	$13,010	6.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,014
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$128,519	49.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,095	2.7%

Assets/Debt
Total Assets	$554,764
Total Liabilities	$8,107
Net Assets	$546,657

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay L Hicks (President)	$46,298	$0	$0
Robert N Davies (Secretary/Treasurer/Director)	$28,000	$0	$0
Kelly L Adair (Asst Secretary/Asst Treasurer)	$22,221	$0	$0
Donald Anderson (Director)	$12,000	$0	$0
Arnold M Whitman (Director)	$10,000	$0	$0
James Carlino (Director)	$10,000	$0	$0

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990

Filed on Aug. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$209,444

Expenses

$292,340

Net Income

-$82,896

Net Assets

$594,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$200,000	95.5%
Investment Income	$15,344	7.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$6,400
Net Inventory Sales	$0
Other Revenue	$500	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$127,625	43.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,320	3.5%

Assets/Debt
Total Assets	$604,068
Total Liabilities	$9,322
Net Assets	$594,746

Compensation

Key Employees and Officers	Compensation	Related	Other
Jay L Hicks (President)	$45,908	$0	$0
Robert N Davies (Secretary/Treasurer/Director)	$28,000	$0	$0
Kelly L Adair (Asst Secretary/Asst Treasurer)	$21,717	$0	$0
Donald Anderson (Director)	$12,000	$0	$0
Arnold M Whitman (Director)	$10,000	$0	$0
James Carlino (Director)	$10,000	$0	$0

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990

Filed on Aug. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$189,430

Expenses

$214,513

Net Income

-$25,083

Net Assets

$683,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$185,004	97.7%
Investment Income	$4,426	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,392	56.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,662	4.5%

Assets/Debt
Total Assets	$689,588
Total Liabilities	$6,434
Net Assets	$683,154

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$147,070

Expenses

$226,479

Net Income

-$79,409

Net Assets

$708,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$141,677	96.3%
Investment Income	$5,393	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$97,890	43.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$72,867	32.2%

Assets/Debt
Total Assets	$723,508
Total Liabilities	$15,271
Net Assets	$708,237

990

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Care Institute Group Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $888k (2024)

Expenses $1.29M (2024)

Total Assets $2.37M (2024)

Total Liabilities $5k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Revenue

$888k (2024)

Expenses

$1.29M (2024)

Total Assets

$2.37M (2024)

Total Liabilities

$5k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001