Paul Kares Inc
- Assets
- $8.6k
- Revenue
- $266.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewes, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-1333696
Organization Overview
Paul Kares Inc is located in Lewes, DE. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Kares Inc 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, Paul Kares Inc generated $266.9k in total revenue. All expenses for the organization totaled $264.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PAUL KARES IS TO PROVIDE FINANCIAL SUPPORT TO LOCAL YOUNG ADULTS WHO ARE PURSUING CAREERS IN MUSIC AND THE CULINARY ARTS WITH THE SPONSORSHIP OF MUSIC AND CULINARY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY RECEIVES CONTRIBUTIIONS AND HOLDS FUNDRAISING EVENTS.FUNDS RAISED THROUGH CONTRIBUTIONS AND FUNDRAISING ARE DISTRIBUTED TO YOUTH, SCHOOLS, AND THEATRICAL LEARNING CENTERS FOR THE PURPOSE OF MUSIC TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Whitehouse Executive Director | Officer | 20 | $52,536 |
Chantel Fitzkee Director | Trustee | 10 | $550 |
Patricia Drago Secretary | OfficerTrustee | 5 | $0 |
James M Rivette President | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,390 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,390 |
| Total Program Service Revenue | $227,507 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,536 |
| Fees for services: Legal | $718 |
| Fees for services: Accounting | $2,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,355 |
| Advertising and promotion | $17,441 |
| Office expenses | $4,844 |
| Information technology | $324 |
| Royalties | $0 |
| Occupancy | $612 |
| Travel | $500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $264,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100 |
| Savings and temporary cash investments | $6,526 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,626 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,626 |
| Total liabilities and net assets/fund balances | $8,626 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paul Kares Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Carolyn S And Donald F Obrecht Foundation Baldwin, MD PURPOSE: CULINARY AND MUSIC ARTS | $15,000 |
Peer Organizations
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|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |