EIN 81-2944362

The Cares Project

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2016
Most recent tax filings
2024-12-01
Description
The Cares Project helps low-income adults achieve financial security through community-funded vehicle loans and financial coaching in Forsyth, Davie, and Davidson counties.
Total revenues
$296,908
2024
Total expenses
$252,945
2024
Total assets
$701,830
2024
Num. employees
4
2024

Program areas at The Cares Project

The organization made community-funded vehicle loans to 16 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$40,000
Truist FoundationGeneral Operating$24,000
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

Personnel at The Cares Project

NameTitleCompensation
Scott McLaughlinChief Executive Officer$81,640
Melinda BeauchampDirector of Strategic Initiatives$0

Financials for The Cares Project

RevenuesFYE 12/2024
Total grants, contributions, etc.$258,086
Program services$37,892
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$930
Total revenues$296,908

Form 990s for The Cares Project

Fiscal year endingDate received by IRSFormPDF link
2024-122025-02-17990View PDF
2023-122024-07-17990View PDF
2022-122023-07-27990View PDF
2021-122022-06-14990View PDF
2020-122021-11-10990View PDF
...and 4 more Form 990s

Organizations like The Cares Project

OrganizationLocationRevenue
BetterFiCoalmont, TN$136,745
Community Financial Resources (CFR)Oakland, CA$1,015,485
Lighthouse Financial FoundationVancouver, WA$670,670
Milwaukee Jewish Free Loan AssociationMilwaukee, WI$332,564
The Savings CollaborativeCarbondale, CO$567,976
Community Financial ServicesBremerton, WA$172,973
Jewish Free Loan Chicago (JFLC)Chicago, IL$291,799
Hebrew Free Loan Association of PittsburghPittsburgh, PA$340,104
Tucson Jewish Free LoanTucson, AZ$219,958
Rhodeway FinancialProvidence, RI$134,608
Data update history
January 5, 2025
Received grants
Identified 2 new grant, including a grant for $40,000 from The Winston-Salem Foundation
August 31, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 31, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $6,152 from United Way of Davidson County
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from The Winston-Salem Foundation
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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