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Nonprofit · EIN 26-0462971

LACES 4 LOVE

Tax-exempt (reinstated) · NORTH AUGUSTA, SC 29841

Financials

$25K$28K2023$14K$14K2024
Revenue Expenses · by fiscal year end
Financials of LACES 4 LOVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,151$13,535$616$7,828$2,668$5,160
December 31, 2023990$25,135$27,523-$2,388$7,212$2,668$4,544
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,151
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,469
Compensation of officers, directors and key employees
$0
Other salaries and wages
$6,667
Salaries, compensation and benefits (total)
$7,177
Professional fundraising fees
$0
Program services (functional)
$13,535

Balance sheet and other

Total assets, start of year
$7,212
Total assets, end of year
$7,828
Total liabilities, end of year
$2,668
Net assets, end of year
$5,160
Gross receipts
$14,151
Employees
1
Volunteers
15
Year formed
2013
State of legal domicile
SC

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 / weekCompensation
MARK OWENSCHARIMAN
Officer
4$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
MARK OWENSCHARIMAN
Trustee or director
6$0

Address and contacts

Address (IRS master file)
302 GEORGIA AVE, NORTH AUGUSTA, SC 29841-3847
In care of
% ROBERT M OSWALD II
Principal officer (990 for 2024)
ROBERT M OSWALD, 302 GEORGIA AVENUE, NORTH AUGUSTA, SC 29841
Signed the 990
ROBERT M OSWALD, TREASURER
Phone
(803) 278-3513
Return prepared by
Robert M Oswald CPA PA

Mission

TO PROVIDE SHOES TO NEEDY ELEMENTARY SCHOOL CHILDREN WITHIN THE STATE OF SOUTH CAROLINA

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED CHILDREN WITH SHOES IN AIKEN, EDGEFIELD, MCCORMICK, SALUDA, BARNWELL AND LEXINGTON COUNTIES WITH THE STATE OF SOUTH CAROLINA. WE DISTRIBUTED APPROXIMATELY 1800 PAIRS OF SHOES
    Expenses $13,535 · grants $5,469 · revenue $14,151
  • PROVIDE SHOES FOR NEEDY ELEMENTARY SCHOOL CHILDREN WITH SEVERAL SOUTH CAROLINA COUNTIES0
  • NONE0

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
26-0462971
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$7,828
Income (IRS master file)
$14,151

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
April 8, 2013
Reinstated
Effective November 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,151$13,535$7,828XML
990December 2023$25,135$27,523$7,212XML
990December 2022$18,415$25,403$9,600IRS
990December 2021–––IRS
990December 2020–––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 26-0462971).

Questions about LACES 4 LOVE

What is the EIN of LACES 4 LOVE?
The employer identification number (EIN) of LACES 4 LOVE is 26-0462971.
Is LACES 4 LOVE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective November 15, 2012.
Are donations to LACES 4 LOVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LACES 4 LOVE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LACES 4 LOVE 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 LACES 4 LOVE 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 LACES 4 LOVE?
The 990 for the year ended December 31, 2024 names ROBERT M OSWALD.
Who are the officers and directors of LACES 4 LOVE?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does LACES 4 LOVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,151, expenses of $13,535 and total assets of $7,828 at year end.

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