Nonprofit · EIN 81-5422960
TOWELS FOR TEARS INC
Tax-exempt · GAITHERSBURG, MD 20879
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $25,624 | $33,814 | -$8,190 | $31,541 | $0 | $31,541 |
| December 31, 2023 | 990-EZ | $59,071 | $29,387 | $29,684 | $39,731 | $0 | $39,731 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,624
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $1,155
- Occupancy
- $8,408
- Printing, publications and postage
- $194
- Other expenses
- $24,057
- Program services (functional)
- $14,046
Balance sheet and other
- Total assets, start of year
- $39,731
- Total assets, end of year
- $31,541
- Total liabilities, end of year
- $0
- Net assets, end of year
- $31,541
- Cash, savings and investments
- $8,079
- Gross receipts
- $25,624
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cheryl Cordero | Chief Executive Officer, President | 20 | $0 |
| Yenesa Cordero | Secretary, COO | 6 | $0 |
| Nick Schmid | Trustee | 1 | $0 |
| Sarah Schmid | Trustee | 1 | $0 |
| Charles Veney III | Trustee | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cheryl Cordero | Chief Executive Officer, President | 30 | $0 |
| Yenesa Cordero | Secretary, COO | 7 | $0 |
| Nick Schmid | Trustee | 1 | $0 |
| Sarah Schmid | Trustee | 1 | $0 |
| Charles Veney III | Trustee | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 354 CHRIISTOPHER AVENUE SUITE B, GAITHERSBURG, MD 20879-3660
- Mailing address (990-N for 2022)
- 18775 N FREDERICK AVE STE B, GAITHERSBURG MD 20879
- Principal officer (990-N for 2022)
- Cheryl Cordero, 18775 N FREDERICK AVE STE B, GAITHERSBURG MD 20879
- Signed the 990-EZ
- Cheryl Cordero, CEO
- Phone
- (240) 702-0756
- Website
- www.towelsfortears.org
Mission
Support survivors of domestic violence, disasters and homelessness by providing comprehensive bed/bath hygiene packages. Prevent Hygiene Bullying in local Middle School students by providing individual sized hygiene products for immediate use.
Program accomplishments
- Delivered hygiene packages and bedding to 133 individuals leaving homelessness, abuse or disaster loss. Created Care Closets with hygiene products students need in 3 Middle Schools to prevent hygiene bullying. Served over 600 students with a repeat rate of 47 percent.Expenses $14,046 · grants $14,244
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-5422960
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $31,541
- Income (IRS master file)
- $25,624
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $25,624 | $33,814 | $31,541 | XML |
| 990-EZ | December 2023 | $59,071 | $29,387 | $39,731 | XML |
| 990-N for 2022 Officer: Cheryl Cordero | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Cheryl Cordero | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Cheryl Cordero | December 31, 2019 | ≤ $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 81-5422960).
Questions about TOWELS FOR TEARS INC
- What is the EIN of TOWELS FOR TEARS INC?
- The employer identification number (EIN) of TOWELS FOR TEARS INC is 81-5422960.
- Is TOWELS FOR TEARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to TOWELS FOR TEARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWELS FOR TEARS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TOWELS FOR TEARS 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 TOWELS FOR TEARS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of TOWELS FOR TEARS INC?
- The 990-N for 2022 names Cheryl Cordero.
- Who are the officers and directors of TOWELS FOR TEARS INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TOWELS FOR TEARS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $25,624, expenses of $33,814 and total assets of $31,541 at year end.
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