Nonprofit · EIN 37-2072695
SHEOWS CARES FOUNDATION INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $201,598 | $141,212 | $60,386 | $106,982 | $0 | $106,982 |
| December 31, 2023 | 990-EZ | $61,313 | $14,717 | $46,596 | $46,596 | – | $46,596 |
| December 31, 2022 | 990-EZ | $0 | – | – | $0 | – | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $201,598
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $107,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,518
- Travel
- $1,204
- Program services (functional)
- $134,309
- Management and general (functional)
- $6,903
Balance sheet and other
- Total assets, start of year
- $46,596
- Total assets, end of year
- $106,982
- Total liabilities, end of year
- $0
- Net assets, end of year
- $106,982
- Net assets without donor restrictions
- $106,982
- Gross receipts
- $201,598
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2022
- State of legal domicile
- NY
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKESH KUMAR | PRESIDENT Officer | 20 | $0 |
| SAURABH BHAGAT | TREASURER Officer | 40 | $0 |
| JYOTI NARULA | SECRETARY Officer | 20 | $0 |
| NITIN DOSHI | BOARD MEMBER Trustee or director | 4 | $0 |
| MOHAN WANCHOO | BOARD MEMBER Trustee or director | 4 | $0 |
| SHARDA BANSALI | BOARD MEMBER Trustee or director | 4 | $0 |
| JAYA SUBRAMANIAM | BOARD MEMBER Trustee or director | 4 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKESH KUMAR | PRESIDENT | 20 | $0 |
| SAURABH BHAGAT | TREASURER | 40 | $0 |
| JYOTI NARULA | SECRETARY | 20 | $0 |
| NITIN DOSHI | BOARD MEMBER | 4 | $0 |
| MOHAN WANCHOO | BOARD MEMBER | 4 | $0 |
| SHARDA BANSALI | BOARD MEMBER | 4 | $0 |
| JAYA SUBRAMANIAM | BOARD MEMBER | 4 | $0 |
990-EZ for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKESH KUMAR | PRESIDENT | 4 | $0 |
| SAURABH BHAGAT | TREASURER | 20 | $0 |
| JYOTI NARULA | SECRETARY | 4 | $0 |
| NITIN DOSHI | BOARD MEMBER | 4 | $0 |
| MOHAN WANCHOO | BOARD MEMBER | 4 | $0 |
| SHARDA BANSALI | BOARD MEMBER | 4 | $0 |
| JAYA SUBRAMANIAM | BOARD MEMBER | 4 | $0 |
Address and contacts
- Address (IRS master file)
- C/O 303 5TH AVENUE, NEW YORK, NY 10016-6601
- Principal officer (990 for 2024)
- MOHAN WANCHOO, 303 5TH AVE SUITE 1007, NEW YORK, NY 10016
- Signed the 990
- MOHAN WANCHOO, BOARD MEMBER
- Phone
- (212) 684-8603
- Return prepared by
- KAUL GROUP
Mission
SHEOWS is an old age home working to save lives of abandoned, destitute and homeless elderly.
Program accomplishments
- SHEOWS is an old age home working to save lives of abandoned, destitute and homeless elderly.Expenses $134,309
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 37-2072695
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $106,982
- Income (IRS master file)
- $201,598
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $201,598 | $141,212 | $106,982 | XML |
| 990-EZ | December 2023 | $61,313 | $14,717 | $46,596 | XML |
| 990-EZ | December 2022 | $0 | $0 | $0 | XML |
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 37-2072695).
Questions about SHEOWS CARES FOUNDATION INC
- What is the EIN of SHEOWS CARES FOUNDATION INC?
- The employer identification number (EIN) of SHEOWS CARES FOUNDATION INC is 37-2072695.
- Is SHEOWS CARES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SHEOWS CARES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHEOWS CARES FOUNDATION 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 SHEOWS CARES FOUNDATION 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 SHEOWS CARES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHEOWS CARES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MOHAN WANCHOO.
- Who are the officers and directors of SHEOWS CARES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SHEOWS CARES FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $201,598, expenses of $141,212 and total assets of $106,982 at year end.
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