Nonprofit · EIN 46-4332061
PAY AWAY THE LAYAWAY INC
Tax-exempt · GOSHEN, NY 10924
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $233,856 | $347,380 | -$113,524 | $441,355 | $0 | $441,355 |
| September 30, 2024 | 990 | $225,531 | $314,241 | -$88,710 | $554,879 | $0 | $554,879 |
| September 30, 2023 | 990 | $293,241 | $535,555 | -$242,314 | $643,589 | $0 | $643,589 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $220,084
- Program service revenue
- $0
- Investment income
- $13,772
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,959
- Travel
- $5,684
- Program services (functional)
- $216,046
- Management and general (functional)
- $109,784
- Fundraising (functional)
- $21,550
Balance sheet and other
- Total assets, start of year
- $554,879
- Total assets, end of year
- $441,355
- Total liabilities, end of year
- $0
- Net assets, end of year
- $441,355
- Net assets without donor restrictions
- $441,355
- Gross receipts
- $233,856
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2013
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE KARCHAWER | PRESIDENT / TREASURER Trustee or director, Officer | 5 | $0 |
| SAVANNAH FOSTER | SECRETARY Trustee or director, Officer | 1 | $0 |
| NGUM SUH | DIRECTOR Trustee or director | 1 | $0 |
| BRAD TOBIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MORGAN ZALKIN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT KARCHAWER | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE RYAN | DIRECTOR Trustee or director | 1 | $0 |
| IAN BELL | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC SCHWARTZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE KARCHAWER | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROBERT KARCHAWER | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE RYAN | DIRECTOR Trustee or director | 1 | $0 |
| IAN BELL | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC SCHWARTZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE KARCHAWER | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROBERT KARCHAWER | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE RYAN | DIRECTOR Trustee or director | 1 | $0 |
| IAN BELL | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC SCHWARTZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 17 SPRUCE HILL LN, GOSHEN, NY 10924-5709
- In care of
- % LEE KARCHAWER
- Principal officer (990 for 2024)
- LEE KARCHAWER, 17 SPRUCE HILL LANE, GOSHEN, NY 10924
- Signed the 990
- LEE KARCHAWER, TREASURER
- Phone
- (845) 649-2107
- Website
- WWW.PAYAWAY.ORG
- Return prepared by
- SERVATIUS O'BRIEN & FONG LLP
Mission
TO SPREAD JOY AND KINDNESS BY PAYING OFF LAY AWAY BALANCES OF INDIVIDUALS IN NEED.
Program accomplishments
- WE PARTNER WITH MAJOR RETAILERS TO PAY OFF LAYAWAY BALANCES NATIONWIDE. BY HELPING FAMILIES AND CHILDREN DURING THE HOLIDAYS AND WITH BACK-TO-SCHOOL SUPPORT, PAY AWAY THE LAYAWAY INC. NOT ONLY CEASES FINANCIAL BURDENS, BUT ALSO SPREADS JOY AND HOPE.Expenses $216,046 · grants $11,000
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 46-4332061
- 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
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $441,355
- Income (IRS master file)
- $233,856
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $233,856 | $347,380 | $441,355 | XML |
| 990 | September 2024 | $225,531 | $314,241 | $554,879 | XML |
| 990 | September 2023 | $293,241 | $535,555 | $643,589 | XML |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990-EZ | September 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 46-4332061).
Questions about PAY AWAY THE LAYAWAY INC
- What is the EIN of PAY AWAY THE LAYAWAY INC?
- The employer identification number (EIN) of PAY AWAY THE LAYAWAY INC is 46-4332061.
- Is PAY AWAY THE LAYAWAY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to PAY AWAY THE LAYAWAY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAY AWAY THE LAYAWAY 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 PAY AWAY THE LAYAWAY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAY AWAY THE LAYAWAY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PAY AWAY THE LAYAWAY INC?
- The 990 for the year ended September 30, 2025 names LEE KARCHAWER.
- Who are the officers and directors of PAY AWAY THE LAYAWAY INC?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does PAY AWAY THE LAYAWAY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $233,856, expenses of $347,380 and total assets of $441,355 at year end.
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