Nonprofit · EIN 85-1333696
PAUL KARES INC
Tax-exempt · LEWES, DE 19958
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $778,055 | $763,305 | $14,750 | $82,914 | $52,723 | $30,191 |
| December 31, 2024 | 990 | $666,388 | $678,283 | -$11,895 | $24,496 | $9,055 | $15,441 |
| December 31, 2023 | 990 | $473,690 | $454,980 | $18,710 | $31,336 | $4,000 | $27,336 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $31,157
- of which government grants
- $4,553
- Program service revenue
- $746,803
- Investment income
- $5
- Other revenue
- $90
Expenses
- Grants and similar amounts paid
- $10,960
- Other salaries and wages
- $211,553
- Salaries, compensation and benefits (total)
- $229,588
- Professional fundraising fees
- $0
- Legal fees
- $155
- Accounting fees
- $4,250
- Occupancy
- $54,497
- Travel
- $127
- Depreciation
- $4,283
- Program services (functional)
- $672,859
- Management and general (functional)
- $90,446
Balance sheet and other
- Total assets, start of year
- $24,496
- Total assets, end of year
- $82,914
- Total liabilities, end of year
- $52,723
- Net assets, end of year
- $30,191
- Land, buildings and equipment
- $68,785
- Gross receipts
- $778,055
- Employees
- 19
- Year formed
- 2021
- State of legal domicile
- DE
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 |
|---|---|---|---|
| JAMES D RIVETTE | PRESIDENT Trustee or director, Officer | 20 | $0 |
| FRAN SIMEONE | DIRECTOR Trustee or director | 15 | $0 |
| STEVEN MOORE | DIRECTOR Trustee or director | 5 | $0 |
| ALAN TILLES ESQ | DIRECTOR Trustee or director | 10 | $0 |
| PAMELA GEORGE | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRAN SIMEONE | DIRECTOR Trustee or director | 15 | $0 |
| STEVEN MOORE | DIRECTOR Trustee or director | 5 | $0 |
| ALAN TILLES ESQ | DIRECTOR Trustee or director | 10 | $0 |
| PAMELA GEORGE | DIRECTOR Trustee or director | 5 | $0 |
| JAMES D RIVETTE | PRESIDENT Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL WHITEHOUSE | EXECUTIVE DIRECTOR Trustee or director, Key employee | 20 | $36,270 |
| CHANTEL FITZKEE | DIRECTOR Trustee or director | 10 | $4,500 |
| PATRICIA DRAGO | SECRETARY Trustee or director, Officer | 5 | $0 |
| JAMES D RIVETTE | PRESIDENT Trustee or director, Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 32882 CEDAR GROVE RD, LEWES, DE 19958-4462
- In care of
- % JAMES D RIVETTE
- Signed the 990
- JAMES D RIVETTE, President
- Phone
- (302) 228-9775
- Return prepared by
- Steven W Falcone CPA
Mission
The mission of Paul Kares is to provide financial support to local young adults who are pursuing careers in music and the culinary arts with the sponsorship of music and culinary events.
Program accomplishments
- The entity receives contributions and holds fundraising events. Funds raised through contributions and fundraising are distributed to youth, schools, and theatrical learning centers for the purpose of music and culinary training.Expenses $672,859 · grants $10,960 · revenue $746,803
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
- 85-1333696
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $82,914
- Income (IRS master file)
- $778,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $778,055 | $763,305 | $82,914 | XML |
| 990 | December 2024 | $666,388 | $678,283 | $24,496 | IRS |
| 990 | December 2023 | $473,690 | $454,980 | $31,336 | XML |
| 990 | December 2022 | $266,910 | $264,035 | $8,626 | IRS |
| 990 | December 2021 | – | – | – | 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 85-1333696).
Questions about PAUL KARES INC
- What is the EIN of PAUL KARES INC?
- The employer identification number (EIN) of PAUL KARES INC is 85-1333696.
- Is PAUL KARES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PAUL KARES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAUL KARES 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 PAUL KARES 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 PAUL KARES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of PAUL KARES INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PAUL KARES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $778,055, expenses of $763,305 and total assets of $82,914 at year end.
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