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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-1238004

PAY IT FORWARD CHARLESTON

Tax-exempt · CHARLESTON, SC 29403

Financials

$120K$135K2023
Revenue Expenses · by fiscal year end
Financials of PAY IT FORWARD CHARLESTON by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$120,280$134,825-$14,545$26,391$1,335$25,056
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$120,280

Expenses

Grants and similar amounts paid
$58,550
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$54,997
Professional fees and payments to contractors
$1,060
Other expenses
$20,218
Program services (functional)
$134,823

Balance sheet and other

Total assets, start of year
$40,510
Total assets, end of year
$26,391
Total liabilities, end of year
$1,335
Net assets, end of year
$25,056
Cash, savings and investments
$26,391
Gross receipts
$120,280

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
Michael ShemtovPresident0$0

Address and contacts

Address (IRS master file)
1085 MORRISON DR, CHARLESTON, SC 29403-3117
Mailing address (990-N for 2024)
220 Third Ave 4B, Charleston SC 29403
Principal officer (990-N for 2024)
Michael Shemtov, 220 Third Ave 4B, Charleston SC 29403
Signed the 990-EZ
Michael Shemtov, President
Phone
(843) 619-0202
Return prepared by
ARROW ADVISORY LLC

Mission

The charitable purpose is to provide assistance to food and beverage employees in need to due to unforseen circumstances which affect their earnings capacity. Further the organization may support local suppliers to the food and beverage industry.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • The charitable purpose is to provide assistance to food and beverage employees in need due to unforseen circumstances which affects their earnings capacity, Further, the organization may support local suppliers of the food and beverage industry.
    Expenses $134,823

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for PAY IT FORWARD CHARLESTON

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-1238004
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
2020
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P20)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2024
Officer: Michael Shemtov
December 31, 2024≤ $50,000 receipts––e-Postcard
990-EZDecember 2023$120,280$134,825$26,391XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 85-1238004).

Questions about PAY IT FORWARD CHARLESTON

What is the EIN of PAY IT FORWARD CHARLESTON?
The employer identification number (EIN) of PAY IT FORWARD CHARLESTON is 85-1238004.
Is PAY IT FORWARD CHARLESTON tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to PAY IT FORWARD CHARLESTON tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PAY IT FORWARD CHARLESTON file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PAY IT FORWARD CHARLESTON 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 PAY IT FORWARD CHARLESTON last file with the IRS?
The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
Who is the principal officer of PAY IT FORWARD CHARLESTON?
The 990-N for 2024 names Michael Shemtov.
Who are the officers and directors of PAY IT FORWARD CHARLESTON?
The 990-EZ for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
How much revenue does PAY IT FORWARD CHARLESTON have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $120,280, expenses of $134,825 and total assets of $26,391 at year end.

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