Nonprofit · EIN 47-3474258
GRANDMAS LOVE INC
Tax-exempt · BROOKLYN, NY 11220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990-EZ | $62,253 | $64,582 | -$2,329 | $36,763 | $7,605 | $29,158 |
| December 31, 2023 | 990-EZ | $136,940 | $152,731 | -$15,791 | $44,278 | $12,791 | $31,487 |
Financial details: 990-EZ for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $51,687
- Net income from fundraising events
- $10,566
Expenses
- Compensation of officers, directors and key employees
- $13,000
- Salaries, compensation and benefits (total)
- $39,149
- Professional fees and payments to contractors
- $1,511
- Occupancy
- $6,441
- Printing, publications and postage
- $5
- Other expenses
- $17,476
- Program services (functional)
- $64,582
Balance sheet and other
- Total assets, start of year
- $44,278
- Total assets, end of year
- $36,763
- Total liabilities, end of year
- $7,605
- Net assets, end of year
- $29,158
- Cash, savings and investments
- $5,239
- Gross receipts
- $78,842
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA MONFORTE-CARABALLO | Executive Dir. | 35 | $13,000 |
| JANE PARMEL | Chairman | 5 | $0 |
| PATRYCJA MAROCOLA | Treasurer | 5 | $0 |
| MARIA TRIVEDI | Secretary | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THERESA MONFORTE-CARABALLO | Executive Dir. | 35 | $16,500 |
| JANE PARMEL | Chairman | 5 | $0 |
| PATRYCJA MAROCOLA | Treasurer | 5 | $0 |
| MARIA TRIVEDI | Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 261 68TH ST, BROOKLYN, NY 11220-5208
- Mailing address (990-N for 2019)
- 261 68th Street - Ground Floor, Brooklyn NY 11220
- Principal officer (990-N for 2019)
- Theresa Monforte-Caraballo, 261 68th Street Ground Floor, Brooklyn NY 11220
- Signed the 990-EZ
- THERESA MONFORTE-CARABALLO, Executive Director
- Phone
- (347) 662-6230
- Website
- www.grandmasloveinc.org
- Return prepared by
- COSCIA & AMSTERDAM
Mission
MOBILIZE COMMUNITIES, INDIVIDUALS AND RESOURCES TO ENSURE CHILDREN AT RISK OF HUNGER WITH FOOD AND BOOKS TO GROW INTO HEALTHY, HAPPY AND ACTIVE CHILDREN EMOTIONALLY, PHYSICALLY AND EDUCATIONALLY.
Program accomplishments
- Grandma's Love, Inc. has had an extremely productive year with service. We have expanded our schools to service more families and have a total of 7 book vending machines with 3 more scheduled for the upcoming school year. Our total number of families rounds up to approx 20,000 meals per school year.Expenses $64,582
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-3474258
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K30)
- Assets (IRS master file)
- $36,763
- Income (IRS master file)
- $78,842
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2024 | $62,253 | $64,582 | $36,763 | IRS |
| 990-EZ | December 2023 | $136,940 | $152,731 | $44,278 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Theresa Monforte-Caraballo | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | 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 47-3474258).
Questions about GRANDMAS LOVE INC
- What is the EIN of GRANDMAS LOVE INC?
- The employer identification number (EIN) of GRANDMAS LOVE INC is 47-3474258.
- Is GRANDMAS LOVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GRANDMAS LOVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRANDMAS LOVE 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 GRANDMAS LOVE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRANDMAS LOVE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2024.
- Who is the principal officer of GRANDMAS LOVE INC?
- The 990-N for 2019 names Theresa Monforte-Caraballo.
- Who are the officers and directors of GRANDMAS LOVE INC?
- The 990-EZ for the year ended June 30, 2024 lists 4 people; 1 received compensation from the organization, the highest $13,000 (THERESA MONFORTE-CARABALLO, Executive Dir.).
- How much revenue does GRANDMAS LOVE INC have?
- On its 990-EZ for the year ended June 30, 2024 it reported revenue of $62,253, expenses of $64,582 and total assets of $36,763 at year end.
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