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Nonprofit · EIN 82-1948594

GIFTS OF LOVE

Tax-exempt · PATERSON, NJ 07505

Financials

$0$2K2023$100$8652024$20K$5K2025
Revenue Expenses · by fiscal year end
Financials of GIFTS OF LOVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$20,000$5,168$14,832$101,684$158$101,526
December 31, 2024990-EZ$100$865-$765$86,694–$86,694
December 31, 2023990-EZ$0$2,308-$2,308$87,459–$87,459
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$20,000

Expenses

Grants and similar amounts paid
$5,168
Compensation of officers, directors and key employees
$0
Program services (functional)
$5,328

Balance sheet and other

Total assets, start of year
$86,694
Total assets, end of year
$101,684
Total liabilities, end of year
$158
Net assets, end of year
$101,526
Cash, savings and investments
$101,684
Gross receipts
$20,000

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Stephen RaffTrustee1$0
Rocet RodriguezTrustee1$0
Donald RaffTrustee1$0
990-EZ for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
Stephen RaffTrustee1$0
Rocet RodriguezTrustee1$0
Donald RaffTrustee1$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Stephen RaffTrustee0$0
Rocet RodriguezTrustee0$0
Donald RaffTrustee0$0

Address and contacts

Address (IRS master file)
30 CHURCH ST, PATERSON, NJ 07505-1307
Signed the 990-EZ
Stephen Raff, Trustee
Phone
(973) 742-1917
Return prepared by
KEVIN A CARESTIA CPA

Mission

To provide children of low income families with gifts, toys, books, clothing and other items, at no cost to them, during the holiday season.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • Worked with local charities to coordinate efforts to get children holiday gifts in the upcoming year.
    Expenses $5,328

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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
82-1948594
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
2017
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$101,684
Income (IRS master file)
$20,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$20,000$5,168$101,684XML
990-EZDecember 2024$100$865$86,694XML
990-EZDecember 2023$0$2,308$87,459XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 82-1948594).

Questions about GIFTS OF LOVE

What is the EIN of GIFTS OF LOVE?
The employer identification number (EIN) of GIFTS OF LOVE is 82-1948594.
Is GIFTS OF LOVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to GIFTS OF LOVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GIFTS OF LOVE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GIFTS OF LOVE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GIFTS OF LOVE last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of GIFTS OF LOVE?
The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does GIFTS OF LOVE have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $20,000, expenses of $5,168 and total assets of $101,684 at year end.

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