Nonprofit · EIN 30-1219976
LOVING HEARTS FOR CHRIST BEAR CLOSET
Tax-exempt · MARION, NC 28752
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $49,021 | $68,462 | -$19,441 | $22,771 | $1,022 | $21,749 |
| December 31, 2024 | 990 | $71,170 | $34,212 | $36,958 | $41,278 | $7,980 | $33,298 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $49,021
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,757
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $8,728
- Program services (functional)
- $68,462
Balance sheet and other
- Total assets, start of year
- $41,278
- Total assets, end of year
- $22,771
- Total liabilities, end of year
- $1,022
- Net assets, end of year
- $21,749
- Land, buildings and equipment
- $8,567
- Gross receipts
- $49,021
- Employees
- 0
- Volunteers
- 35
- Year formed
- 2022
- State of legal domicile
- NC
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philista Gossett | Executive Director Trustee or director | 5 | $0 |
| Michael Gossett | President Officer | 5 | $0 |
| Cynthia Martinez | VP Officer | 5 | $0 |
| Deborah Webb | Secretary Officer | 5 | $0 |
| Arrick Gordon | Treasurer Officer | 5 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philista Gossett | President Trustee or director | 5 | $0 |
| Jessica Swafford | Vice President Officer | 5 | $0 |
| Danielle Gossett | Secretary Officer | 5 | $0 |
| Arrick Gordon | Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 790 VETERANS DR, MARION, NC 28752-7175
- In care of
- % ARRICK GORDON
- Mailing address (990-N for 2023)
- 337 Garden Creek Road, Marion NC 28752
- Principal officer (990 for 2025)
- RICHARD A GORDON, 235 Carson Street, Marion, NC 28752
- Principal officer (990-N for 2023)
- Phillista Gossett, 790 Veterans Drive, Marion NC 28752
- Signed the 990
- RICHARD A GORDON, BOARD MEMBER
- Phone
- (828) 413-4359
- Website
- www.bearclosetofmarion.com
- Return prepared by
- Anthony Masino CPA PC
Mission
To enhance the quality of life for families with children in need by providing essential hygiene products, equipment, nutrition, and resources.
Program accomplishments
- To enhance the quality of life for families with children in need by providing essential hygiene products, equipment, nutrition, and resources.Expenses $67,692
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 30-1219976
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P01)
- Assets (IRS master file)
- $22,771
- Income (IRS master file)
- $49,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $49,021 | $60,570 | $22,771 | XML |
| 990 | December 2024 | $71,170 | $34,212 | $41,278 | XML |
| 990-N for 2023 Officer: Phillista Gossett | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Philista Gossett | December 31, 2022 | ≤ $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 30-1219976).
Questions about LOVING HEARTS FOR CHRIST BEAR CLOSET
- What is the EIN of LOVING HEARTS FOR CHRIST BEAR CLOSET?
- The employer identification number (EIN) of LOVING HEARTS FOR CHRIST BEAR CLOSET is 30-1219976.
- Is LOVING HEARTS FOR CHRIST BEAR CLOSET tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LOVING HEARTS FOR CHRIST BEAR CLOSET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVING HEARTS FOR CHRIST BEAR CLOSET file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOVING HEARTS FOR CHRIST BEAR CLOSET 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 LOVING HEARTS FOR CHRIST BEAR CLOSET last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LOVING HEARTS FOR CHRIST BEAR CLOSET?
- The 990 for the year ended December 31, 2025 names RICHARD A GORDON.
- Who are the officers and directors of LOVING HEARTS FOR CHRIST BEAR CLOSET?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LOVING HEARTS FOR CHRIST BEAR CLOSET have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $49,021, expenses of $68,462 and total assets of $22,771 at year end.
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