Nonprofit · EIN 81-2944362
CARES PROJECT INC
Tax-exempt · WINSTON SALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $363,037 | $335,657 | $27,380 | $678,502 | $165,233 | $513,269 |
| December 31, 2024 | 990 | $296,908 | $252,945 | $43,963 | $701,830 | $215,941 | $485,889 |
| December 31, 2023 | 990 | $424,564 | $241,947 | $182,617 | $504,552 | $62,626 | $441,926 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $320,766
- of which government grants
- $169,929
- Program service revenue
- $42,000
- Investment income
- $0
- Other revenue
- $271
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,171
- Other salaries and wages
- $63,210
- Salaries, compensation and benefits (total)
- $171,869
- Professional fundraising fees
- $0
- Travel
- $1,754
- Depreciation
- $1,262
- Program services (functional)
- $284,729
- Management and general (functional)
- $50,928
Balance sheet and other
- Total assets, start of year
- $701,830
- Total assets, end of year
- $678,502
- Total liabilities, end of year
- $165,233
- Net assets, end of year
- $513,269
- Land, buildings and equipment
- $2,151
- Net assets without donor restrictions
- $441,540
- Net assets with donor restrictions
- $71,729
- Gross receipts
- $363,037
- Employees
- 4
- Volunteers
- 9
- Year formed
- 2016
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MCLAUGHLIN | CEO Officer | 40 | $88,171 |
| RICK HALL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANDREW LAROWE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHELLE YOUNTS | TREASURER Trustee or director, Officer | 2 | $0 |
| MARCIA PHILLIPS | SECRETARY Trustee or director, Officer | 2 | $0 |
| FRED BAZEMORE | DIRECTOR Trustee or director | 1 | $0 |
| NEAL CHEEK | DIRECTOR Trustee or director | 1 | $0 |
| RENEE GRIFFIN | SECRETARY Trustee or director | 1 | $0 |
| COURTNEY JAMES | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE REDD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MCLAUGHLIN | CEO Officer | 40 | $81,640 |
| RICK HALL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANDREW LAROWE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHELLE YOUNTS | TREASURER Trustee or director, Officer | 2 | $0 |
| MARCIA PHILLIPS | SECRETARY Trustee or director, Officer | 2 | $0 |
| FRED BAZEMORE | DIRECTOR Trustee or director | 1 | $0 |
| NEAL CHEEK | DIRECTOR Trustee or director | 1 | $0 |
| RENEE GRIFFIN | SECRETARY Trustee or director | 1 | $0 |
| SHAWAN GABRIEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MCLAUGHLIN | CEO Officer | 40 | $78,500 |
| ANDREW LAROWE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| TAMARA TAYLOR | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHELLE YOUNTS | TREASURER Trustee or director, Officer | 2 | $0 |
| RICK HALL | SECRETARY Trustee or director, Officer | 2 | $0 |
| FRED BAZEMORE | DIRECTOR Trustee or director | 1 | $0 |
| NEAL CHEEK | DIRECTOR Trustee or director | 1 | $0 |
| RENEE GRIFFIN | DIRECTOR Trustee or director | 1 | $0 |
| MARCIA PHILLIPS | DIRECTOR Trustee or director | 1 | $0 |
| SHAWAN GABRIEL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3410 HEALY DR STE 209, WINSTON SALEM, NC 27103-1568
- In care of
- % DAVID RODDICK
- Principal officer (990 for 2025)
- SCOTT MCLAUGHLIN, 3410 HEALY DRIVE 209, WINSTONSALEM, NC 27103
- Signed the 990
- SCOTT MCLAUGHLIN, CEO
- Phone
- (336) 840-1555
- Website
- WWW.THECARESPROJECT.ORG
- Return prepared by
- TURLINGTON AND COMPANY LLP
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION MADE COMMUNITY-FUNDED VEHICLE LOANS TO 14 LOW INCOME, CREDIT-CHALLENGED WORKING ADULTS, WHICH ASSISTED THEM AND THEIR FAMILIES IN BECOMING FINANCIALLY SECURE THROUGH CAR OWNERSHIP.Expenses $284,729 · revenue $42,271
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 | 990 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
- 81-2944362
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $678,502
- Income (IRS master file)
- $363,037
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $363,037 | $335,657 | $678,502 | XML |
| 990 | December 2024 | $296,908 | $252,945 | $701,830 | XML |
| 990 | December 2023 | $424,564 | $241,947 | $504,552 | XML |
| 990 | December 2022 | $120,589 | $199,941 | $267,914 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 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 81-2944362).
Questions about CARES PROJECT INC
- What is the EIN of CARES PROJECT INC?
- The employer identification number (EIN) of CARES PROJECT INC is 81-2944362.
- Is CARES PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CARES PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARES PROJECT 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 CARES PROJECT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARES PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CARES PROJECT INC?
- The 990 for the year ended December 31, 2025 names SCOTT MCLAUGHLIN.
- Who are the officers and directors of CARES PROJECT INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $88,171 (SCOTT MCLAUGHLIN, CEO).
- How much revenue does CARES PROJECT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $363,037, expenses of $335,657 and total assets of $678,502 at year end.
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