Nonprofit · EIN 82-1948594
GIFTS OF LOVE
Tax-exempt · PATERSON, NJ 07505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $20,000 | $5,168 | $14,832 | $101,684 | $158 | $101,526 |
| December 31, 2024 | 990-EZ | $100 | $865 | -$765 | $86,694 | – | $86,694 |
| December 31, 2023 | 990-EZ | $0 | $2,308 | -$2,308 | $87,459 | – | $87,459 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,000
Expenses
- Grants and similar amounts paid
- $5,168
- Compensation of officers, directors and key employees
- $0
- Program services (functional)
- $5,328
Balance sheet and other
- Total assets, start of year
- $86,694
- Total assets, end of year
- $101,684
- Total liabilities, end of year
- $158
- Net assets, end of year
- $101,526
- Cash, savings and investments
- $101,684
- Gross receipts
- $20,000
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Raff | Trustee | 1 | $0 |
| Rocet Rodriguez | Trustee | 1 | $0 |
| Donald Raff | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Raff | Trustee | 1 | $0 |
| Rocet Rodriguez | Trustee | 1 | $0 |
| Donald Raff | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Raff | Trustee | 0 | $0 |
| Rocet Rodriguez | Trustee | 0 | $0 |
| Donald Raff | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 CHURCH ST, PATERSON, NJ 07505-1307
- Signed the 990-EZ
- Stephen Raff, Trustee
- Phone
- (973) 742-1917
- Return prepared by
- KEVIN A CARESTIA CPA
Mission
To provide children of low income families with gifts, toys, books, clothing and other items, at no cost to them, during the holiday season.
Program accomplishments
- Worked with local charities to coordinate efforts to get children holiday gifts in the upcoming year.Expenses $5,328
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-1948594
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $101,684
- Income (IRS master file)
- $20,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $20,000 | $5,168 | $101,684 | XML |
| 990-EZ | December 2024 | $100 | $865 | $86,694 | XML |
| 990-EZ | December 2023 | $0 | $2,308 | $87,459 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 82-1948594).
Questions about GIFTS OF LOVE
- What is the EIN of GIFTS OF LOVE?
- The employer identification number (EIN) of GIFTS OF LOVE is 82-1948594.
- Is GIFTS OF LOVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to GIFTS OF LOVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIFTS OF LOVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GIFTS OF LOVE 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 GIFTS OF LOVE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of GIFTS OF LOVE?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GIFTS OF LOVE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $20,000, expenses of $5,168 and total assets of $101,684 at year end.
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All nonprofits in PATERSON · New Jersey · Philanthropy, voluntarism and grantmaking foundations