Nonprofit · EIN 80-0364189
CARERITE T F C INC
Tax-exempt · TAKOMA PARK, MD 20912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $782,587 | $927,806 | -$145,219 | $115,903 | $1,097,708 | -$981,805 |
| December 31, 2023 | 990 | $1,233,329 | $1,210,862 | $22,467 | $165,851 | $682,342 | -$516,491 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $528
- Program service revenue
- $782,059
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $270,766
- Salaries, compensation and benefits (total)
- $336,566
- Professional fundraising fees
- $0
- Legal fees
- $11,300
- Occupancy
- $49,123
- Depreciation
- $1,306
- Program services (functional)
- $830,397
- Management and general (functional)
- $97,409
Balance sheet and other
- Total assets, start of year
- $165,851
- Total assets, end of year
- $115,903
- Total liabilities, end of year
- $1,097,708
- Net assets, end of year
- -$981,805
- Land, buildings and equipment
- $1,490
- Net assets without donor restrictions
- -$981,805
- Gross receipts
- $782,587
- Employees
- 6
- Volunteers
- 4
- Year formed
- 2009
- State of legal domicile
- MD
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 |
|---|---|---|---|
| MR AUGUSTINE EKWEM | PROGRAM ADMINISTRATOR Highest-paid employee | 40 | $88,200 |
| ADAKU OKORIE | EXECUTIVE DIRECTOR Officer | 10 | $34,390 |
| DR FELICIA BASSEY | CEO Officer | 5 | $8,685 |
| MRS ANNE NWABUKWU | CHAIRPERSON Trustee or director | 2 | $0 |
| MRS ELIZABETH TRIMNELL | DIRECTOR Trustee or director | 2 | $0 |
| MS SARA SOLANO | DIRECTOR Trustee or director | 2 | $0 |
| MS EVELYN VANEGAS | SECRETARY Trustee or director | 2 | $0 |
| MR CHRIS COKER | DIRECTOR Trustee or director | 2 | $0 |
| MR MICHAEL AKAMUNE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR AUGUSTINE EKWEM | PROGRAM ADMINISTRATOR Highest-paid employee | 40 | $91,800 |
| ADAKU OKORIE | EXECUTIVE DIRECTOR Officer | 10 | $37,870 |
| DR FELICIA BASSEY | CEO Officer | 5 | $24,000 |
| MRS ANNE NWABUKWU | CHAIRPERSON Trustee or director | 2 | $0 |
| MRS ELIZABETH TRIMNELL | DIRECTOR Trustee or director | 2 | $0 |
| MS SARA SOLANO | DIRECTOR Trustee or director | 2 | $0 |
| MS EVELYN VANEGAS | SECRETARY Trustee or director | 2 | $0 |
| MR CHRIS COKER | DIRECTOR Trustee or director | 2 | $0 |
| MR MICHAEL AKAMUNE | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7676 NEW HAMPSHIRE AVE STE 330, TAKOMA PARK, MD 20912-7523
- In care of
- % ADAKU C OKORIE
- Mailing address (990-N for 2016)
- 7676 NEW HAMPSHIRE AVENUE, TAKOMA PARK MD 20912
- Principal officer (990 for 2024)
- ADAKU C OKORIE, 7676 NEW HAMPSHIRE AVE, TAKOMA PARK, MD 20912
- Principal officer (990-N for 2016)
- ADAKU C OKORIE, 7676 NEW HAMPSHIRE AVENUE STE 330, TAKOMA PARK MD 20912
- Signed the 990
- ADAKU C OKORIE, PRESIDENT
- Phone
- (301) 326-1357
- Return prepared by
- GEORGE NWABUKWU CPA
Mission
TO PROVIDE THERAPEUTIC FOSTER CARE TO CHILDREN,ADOLESCENTS, AND YOUNG ADULTS WITH DEVELOPMENTAL DISABILITIES, AS WELL AS EMOTIONAL AND BEHAVIOURAL CHALLENGES.
Program accomplishments
- CARERITE HAS PROVIDED STABLE FOSTER PARENT/HOMES FOR CHILDREN REFERRED FOR PLACEMENT BY THE DEPARTMENT OF SOCIAL SERVICES IN BALTIMORE CITY, HOWARD AND MONTGOMERY COUNTIES CARERITE ALSO PROVIDED MONIES FOR CLIENT CARE AND SERVICES IN THE FOSTER PARENT HOMES. CARERITE PROVIDED BACK TO SCHOOL SUPPLIES, SEASONAL CLOTHING EVERY QUARTER OF THE YEAR. THE COMPANY PROVIDED HOLIDAY GIFTS AND MEALS FOR THE FOSTER FAMILIES.Expenses $830,397 · grants $782,059
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 on file |
IRS record
- EIN
- 80-0364189
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $115,903
- Income (IRS master file)
- $782,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $782,587 | $927,806 | $115,903 | XML |
| 990 | December 2023 | $1,233,329 | $1,210,862 | $165,851 | XML |
| 990 | December 2022 | $927,603 | $869,546 | $299,694 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: ADAKU C OKORIE | 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 80-0364189).
Questions about CARERITE T F C INC
- What is the EIN of CARERITE T F C INC?
- The employer identification number (EIN) of CARERITE T F C INC is 80-0364189.
- Is CARERITE T F C INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to CARERITE T F C INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARERITE T F C 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 CARERITE T F C 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 CARERITE T F C 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 CARERITE T F C INC?
- The 990 for the year ended December 31, 2024 names ADAKU C OKORIE.
- Who are the officers and directors of CARERITE T F C INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $88,200 (MR AUGUSTINE EKWEM, PROGRAM ADMINISTRATOR).
- How much revenue does CARERITE T F C INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $782,587, expenses of $927,806 and total assets of $115,903 at year end.
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