Caras Love Scholarship Fund And Charitable Tr is located in Ocean City, NJ. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caras Love Scholarship Fund And Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Caras Love Scholarship Fund And Charitable Tr generated $34.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $9.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO RAISE FUNDS FOR SCHOLARSHIPS FOR STUDENTS IN ATLANTIC CITY AND MAYS LANDING. SCHOLARSHIP WERE AWARDED IN THE CALENDAR YEAR
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Schaffer President | 1 | $0 | |
Joetta Surace Secretary | 1 | $0 | |
Kevin Schaffer Treasurer | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,322 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,011 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $48 |
| Other expenses | $3,236 |
| Total expenses | $9,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,453 |
| Other assets | $0 |
| Total assets | $51,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,453 |