Nonprofit · EIN 27-1394052
TEA LEAVES INC
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$1,561 | – | – | $6,185 | – | $6,185 |
| December 31, 2023 | 990-EZ | -$10,000 | $430 | -$10,430 | $7,746 | – | $7,746 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $158,110
- Net income from fundraising events
- -$159,671
Expenses
- Compensation of officers, directors and key employees
- $0
- Program services (functional)
- $159,671
Balance sheet and other
- Total assets, start of year
- $7,746
- Total assets, end of year
- $6,185
- Total liabilities, end of year
- –
- Net assets, end of year
- $6,185
- Cash, savings and investments
- $6,185
- Gross receipts
- $158,110
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gabriel McCarthy | President & CEO | 3 | $0 |
| Ameila Burns | Director | 0 | $0 |
| Cosmo Alpern | Director | 0 | $0 |
| Michael Mazza | Treasurer | 3 | $0 |
| Keri Johnson | Secretary | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gabriel McCarthy | President & CEO | 3 | $0 |
| Ameila Burns | Director | 0 | $0 |
| Cosmo Alpern | Director | 0 | $0 |
| Michael Mazza | Treasurer | 3 | $0 |
| Keri Johnson | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 322 E FALLS ST, ITHACA, NY 14850-3706
- Mailing address (990-N for 2016)
- 322 East Falls Street, Ithaca NY 14850
- Principal officer (990-N for 2016)
- Gabriel McCarthy, 322 East Falls Street, Ithaca NY 14850
- Signed the 990-EZ
- Michael E Mazza, Treasurer
- Phone
- (607) 592-4569
- Return prepared by
- Stephen J Hoffman
Mission
Facilitate the transferrance of skills and knowledge between professionals and underprivileged artisans and entrepreneurs.
Program accomplishments
- Music and arts festival that utilized mentoring opportunities in order to bring attention to all of the local non-profits that work for the protection and improvement of Cayuga Lake and it's tributaries.Expenses $159,671 · grants $4,483
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-1394052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $6,185
- Income (IRS master file)
- $158,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$1,561 | – | $6,185 | XML |
| 990-EZ | December 2023 | -$10,000 | $430 | $7,746 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: Gabriel McCarthy | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-1394052).
Questions about TEA LEAVES INC
- What is the EIN of TEA LEAVES INC?
- The employer identification number (EIN) of TEA LEAVES INC is 27-1394052.
- Is TEA LEAVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to TEA LEAVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEA LEAVES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TEA LEAVES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEA LEAVES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of TEA LEAVES INC?
- The 990-N for 2016 names Gabriel McCarthy.
- Who are the officers and directors of TEA LEAVES INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TEA LEAVES INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$1,561 and total assets of $6,185 at year end.
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