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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 37-6719207

CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR

Also known as KEVIN SCHAFFER ET AL TTEE

Tax-exempt · OCEAN CITY, NJ 08226

Financials

$21K$16K2023$7K$12K2024
Revenue Expenses · by fiscal year end
Financials of CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$6,549$11,850-$5,301$50,798–$50,798
December 31, 2023990-EZ$21,010$16,363$4,647$56,101–$56,101
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,417
Investment income
$5
Net income from sales of inventory
$127

Expenses

Grants and similar amounts paid
$10,000
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$705
Other expenses
$1,145
Program services (functional)
$10,779

Balance sheet and other

Total assets, start of year
$56,099
Total assets, end of year
$50,798
Total liabilities, end of year
–
Net assets, end of year
$50,798
Cash, savings and investments
$50,798
Gross receipts
$26,256

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERICA SCHAFFERPRESIDENT5$0
JOETTA SURACESECRETARY5$0
KEVIN SCHAFFERTREASURER5$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
ERICA SCHAFFERPRESIDENT1$0
JOETTA SURACESECRETARY1$0
KEVIN SCHAFFERTREASURER1$0

Address and contacts

Address (IRS master file)
10 W 18TH ST, OCEAN CITY, NJ 08226-2954
In care of
% KEVIN SCHAFFER
Signed the 990-EZ
KEVIN SCHAFFER, TREASURER
Phone
(609) 474-4538
Return prepared by
FITZPATRICK BONGIOVANNI & KELLY PC

Mission

TO RAISE FUNDS IN MEMORY OF CARA SURACE BLUTH FOR SCHOLARSHIPS TO STUDENTS IN ATLANTIC CITY AND MAYS LANDING WHERE SHE TAUGHT SCHOOL. IN TIMES LIKE THIS, WE FELT THE NEED TO SHIFT THE PARADIGM TO A MESSAGE OF LOVE. WE CAN ALL USE A LITTLE MORE OF THAT.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • TO RAISE FUNDS FOR SCHOLARSHIPS FOR STUDENTS IN ATLANTIC CITY AND MAYS LANDING. SCHOLARSHIP WERE AWARDED IN THE CALENDAR YEAR
    Expenses $10,779 · grants $10,000

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
37-6719207
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
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B82)
Assets (IRS master file)
$50,798
Income (IRS master file)
$26,256

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$6,549$11,850$50,798IRS
990-EZDecember 2023$21,010$16,363$56,101XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––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 37-6719207).

Questions about CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR

What is the EIN of CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR?
The employer identification number (EIN) of CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR is 37-6719207.
Is CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR 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 CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does CARAS LOVE SCHOLARSHIP FUND AND CHARITABLE TR have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $6,549, expenses of $11,850 and total assets of $50,798 at year end.

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