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EIN 81-2944362

The Cares Project

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Winston Salem
State
North Carolina
Year formed
2016
Most recent tax filings
2023-12-01
NTEE code, primary
P50: Personal Social Services
Description
The Cares Project Inc. serves low-income individuals living in Forsyth, Davie, and Davidson Counties and is a non-profit certified community development financial institution. The organization provides community-funded vehicle loans to assist 11 low income, credit-challenged working adults in becoming financially secure through car ownership.
Total revenues
$424,564
2023
Total expenses
$241,947
2023
Total assets
$504,552
2023
Num. employees
4
2023

Program areas at The Cares Project

The organization made community-funded vehicle loans to 25 low income, credit-challenged working adults, which assisted them and their families in becoming financially secure through car ownership.

Who funds The Cares Project

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Winston-Salem Foundation1 Grant(s) for Varying Purposes$50,000
United Way of Davidson CountyProvides Assistance To Low Income Individuals and Families By Helping Them Become Financially Secure Through Car Ownership, Creating Community-Funded Vehicle Loans, and Credit Coaching.$6,152
AmazonSmile FoundationGeneral Support$13

Personnel at The Cares Project

NameTitleCompensation
Scott McLaughlinChief Executive Officer$60,775
Fred BazemoreDirector of Programs and Operations$0
Melinda BeauchampDirector of Strategic Initiatives$0
Andrew LaroweBoard$0
Michelle YountsBoard Treasurer$0
...and 5 more key personnel

Financials for The Cares Project

RevenuesFYE 12/2023
Total grants, contributions, etc.$404,650
Program services$19,871
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$43
Total revenues$424,564

Form 990s for The Cares Project

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-17990View PDF
2022-122023-07-27990View PDF
2021-122022-06-14990View PDF
2020-122021-11-10990View PDF
2019-122020-10-22990View PDF
...and 3 more Form 990s

Organizations like The Cares Project

OrganizationLocationRevenue
BetterFiCoalmont, TN$234,469
Community Financial Resources (CFR)Oakland, CA$1,083,185
Hebrew Free Loan Association of PittsburghPittsburgh, PA$481,305
Milwaukee Jewish Free Loan AssociationMilwaukee, WI$262,457
Lending Link Credit SolutionsOmaha, NE$1,638,241
Tucson Jewish Free LoanTucson, AZ$219,958
Rhodeway FinancialProvidence, RI$134,608
Prosperity ConnectionSaint Louis, MO$1,205,723
Jewish Free Loan Chicago (JFLC)Chicago, IL$291,799
Felder Lending HandsSmyrna, GA$780,240
Data update history
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from The Winston-Salem Foundation
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 1 new personnel
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Partially liquidatedReceives government fundingTax deductible donationsAccepts online donations
General information
Address
3410 Healy Dr
Winston Salem, NC 27103
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
thecaresproject.org/ 
Phone
(336) 840-1555
IRS details
EIN
81-2944362
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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