Nonprofit · EIN 20-5745252
JAMES AND MARGARET CAREERASFOUNDATION
Tax-exempt · MIDLOTHIAN, VA 23113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $42,408 | $203,786 | -$161,378 | $342,914 | $0 | $342,914 |
| December 31, 2024 | 990-PF | $26,306 | $194,288 | -$167,982 | $504,291 | $0 | $504,291 |
| December 31, 2023 | 990-PF | -$18,654 | $81,496 | -$100,150 | $672,273 | $0 | $672,273 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,069
- Interest
- $3,378
- Net gain from sales of assets
- $29,961
Expenses
- Grants and similar amounts paid
- $201,000
- Disbursements for charitable purposes
- $201,449
- Excise tax on investment income
- $562
Balance sheet and other
- Total assets, start of year
- $504,291
- Total assets, end of year
- $342,914
- Total liabilities, end of year
- $0
- Net assets, end of year
- $342,914
- Fair market value of assets
- $502,416
- Qualifying distributions
- $201,449
- Net investment income
- $42,408
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES P CARRERAS JR 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | President | 1 | $0 |
| MARGARET D CARRERAS 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | Director | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES P CARRERAS JR 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | President | 1 | $0 |
| MARGARET D CARRERAS 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES P CARRERAS JR 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | President | 1 | $0 |
| MARGARET D CARRERAS 2011 OAKENGATE LANE, MIDLOTHIAN, VA 23113 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19073 FOUNDERS KNOLL TER, MIDLOTHIAN, VA 23113-6374
- In care of
- % JAMES P CARRERAS
- Signed the 990-PF
- JAMES P CARRERAS JR, President
- Phone
- (804) 358-2342
- Return prepared by
- Financial Accounting Services LTD
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-5745252
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $342,914
- Income (IRS master file)
- $143,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $42,408 | $203,786 | $342,914 | IRS |
| 990-PF | December 2024 | $26,306 | $194,288 | $504,291 | IRS |
| 990-PF | December 2023 | -$18,654 | $81,496 | $672,273 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 20-5745252).
Questions about JAMES AND MARGARET CAREERASFOUNDATION
- What is the EIN of JAMES AND MARGARET CAREERASFOUNDATION?
- The employer identification number (EIN) of JAMES AND MARGARET CAREERASFOUNDATION is 20-5745252.
- Is JAMES AND MARGARET CAREERASFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to JAMES AND MARGARET CAREERASFOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JAMES AND MARGARET CAREERASFOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JAMES AND MARGARET CAREERASFOUNDATION 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 JAMES AND MARGARET CAREERASFOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of JAMES AND MARGARET CAREERASFOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does JAMES AND MARGARET CAREERASFOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $42,408, expenses of $203,786 and total assets of $342,914 at year end.
Other nonprofits in MIDLOTHIAN
- VIRGINIA EASTERN STAR PHILANTHROPIC ACCOUNT EIN 27-3430144 · last filed 990 for 2025
- CHESTERFIELD PUBLIC EDUCATION FOUNDATION INC EIN 54-1595479 · last filed 990 for 2025
- THE ANNE CARTER ROBINS AND WALTER R ROBINS JR FOUNDATION EIN 54-6362175 · last filed 990-PF for 2025
- ALFRED E AND MARYLYNN@FESTA FAMILY FOUNDATION INC EIN 81-3794716 · last filed 990-PF for 2024
- PHILLIPS FAMILY FOUNDATION EIN 25-6716692 · last filed 990-PF for 2025
- DREAMFIELD FOUNDATION EIN 80-0102481 · last filed 990 for 2025
- HULL FOUNDATION EIN 80-0290388 · last filed 990-PF for 2025
- DAVOUD FOUNDATION EIN 83-1031274 · last filed 990-PF for 2025
All nonprofits in MIDLOTHIAN · Virginia · Philanthropy, voluntarism and grantmaking foundations