Nonprofit · EIN 81-2662629
SPRING LAKE TOYS FOUNDATION INC
Tax-exempt · FRANKLIN LAKES, NJ 07417
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $972,148 | $942,073 | $30,075 | $322,742 | $5,472 | $317,270 |
| December 31, 2023 | 990 | $905,394 | $757,088 | $148,306 | $299,615 | $12,420 | $287,195 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $140,434
- Program service revenue
- $129,995
- Investment income
- $14,602
- Net income from fundraising events
- $598,786
- Other revenue
- $687,117
Expenses
- Grants and similar amounts paid
- $612,380
- Compensation of officers, directors and key employees
- $150,000
- Salaries, compensation and benefits (total)
- $167,321
- Professional fundraising fees
- $0
- Accounting fees
- $3,000
- Travel
- $2,783
- Program services (functional)
- $700,175
- Management and general (functional)
- $144,204
- Fundraising (functional)
- $97,694
Balance sheet and other
- Total assets, start of year
- $299,615
- Total assets, end of year
- $322,742
- Total liabilities, end of year
- $5,472
- Net assets, end of year
- $317,270
- Net assets without donor restrictions
- $196,308
- Net assets with donor restrictions
- $120,962
- Gross receipts
- $1,117,504
- Employees
- 0
- Volunteers
- 185
- Year formed
- 2016
- State of legal domicile
- NJ
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 | Other / benefits |
|---|---|---|---|---|
| Paulette Pera Laurenzi | President Trustee or director, Officer | 50 | $150,000 | $5,000 |
| Salvatore V Frassetto | Vice President Trustee or director, Officer | 15 | $0 | $0 |
| Karen Rutherford | Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Kathleen Fuenning Cariddi | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Steve Vitale | Trustee Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paulette Pera Laurenzi | President Trustee or director, Officer | 40 | $143,750 | $4,126 |
| Salvatore V Frassetto | Vice President Trustee or director, Officer | 4 | $0 | $0 |
| Karen Rutherford | Treasurer Trustee or director, Officer | 3.5 | $0 | $0 |
| Kathleen Fuenning Cariddi | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Steve Vitale | Trustee Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 852 FRANKLIN AVE SUITE 115, FRANKLIN LAKES, NJ 07417-1334
- Principal officer (990 for 2024)
- Paulette Pera Laurenzi, 852 Franklin Avenue 115, Franklin Lakes, NJ 07417
- Signed the 990
- Paulette Pera Laurenzi, President
- Phone
- (201) 962-0865
- Website
- www.springlakehope.org
- Return prepared by
- C&B Accounting LLC
Mission
The organization provides financial assistance to families who struggle to pay for the medical and medical related expenses, not covered by insurance, of their child with a serious illness or special need.
Program accomplishments
- The Organization supported families of children with serious illnesses or special needs by providing handicap-accessible vehicles, easing transportation challenges and enhancing access to essential treatments and servicesExpenses $506,513
- The organization provides financial assistance to families who struggle to pay for the medical and medical related expenses , not covered by insurance, of their child with a serious illness or special need.Expenses $179,152
- The Organization granted new toys to families who struggle to pay for the medical and medical related expenses of their child with a serious illness or special need.Expenses $14,510
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
- 81-2662629
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $322,742
- Income (IRS master file)
- $1,117,504
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $972,148 | $942,073 | $322,742 | IRS |
| 990 | December 2023 | $905,394 | $757,088 | $299,615 | XML |
| 990 | December 2022 | $454,314 | $580,201 | $160,362 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | 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 81-2662629).
Questions about SPRING LAKE TOYS FOUNDATION INC
- What is the EIN of SPRING LAKE TOYS FOUNDATION INC?
- The employer identification number (EIN) of SPRING LAKE TOYS FOUNDATION INC is 81-2662629.
- Is SPRING LAKE TOYS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SPRING LAKE TOYS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPRING LAKE TOYS 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 SPRING LAKE TOYS 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 SPRING LAKE TOYS 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 SPRING LAKE TOYS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Paulette Pera Laurenzi.
- Who are the officers and directors of SPRING LAKE TOYS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $150,000 (Paulette Pera Laurenzi, President).
- How much revenue does SPRING LAKE TOYS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $972,148, expenses of $942,073 and total assets of $322,742 at year end.
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