Nonprofit · EIN 86-1625656
SUBWAY CARES FOUNDATION INC
Tax-exempt · SHELTON, CT 06484
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,784,179 | $1,843,806 | -$59,627 | $3,284,086 | $499,172 | $2,784,914 |
| December 31, 2023 | 990 | $811,606 | $452,558 | $359,048 | $3,096,273 | $250,273 | $2,846,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,657,388
- Program service revenue
- $0
- Investment income
- $92,277
- Net income from fundraising events
- $34,514
- Other revenue
- $34,514
Expenses
- Grants and similar amounts paid
- $1,085,000
- Other salaries and wages
- $476,414
- Salaries, compensation and benefits (total)
- $476,414
- Professional fundraising fees
- $0
- Legal fees
- $8,452
- Accounting fees
- $54,882
- Travel
- $29,195
- Depreciation
- $25,367
- Program services (functional)
- $1,314,349
- Management and general (functional)
- $311,818
- Fundraising (functional)
- $217,639
Balance sheet and other
- Total assets, start of year
- $3,096,273
- Total assets, end of year
- $3,284,086
- Total liabilities, end of year
- $499,172
- Net assets, end of year
- $2,784,914
- Net assets without donor restrictions
- $2,247,603
- Net assets with donor restrictions
- $537,311
- Gross receipts
- $2,170,528
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- CT
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 |
|---|---|---|---|
| ROCHELLE TRAFTON | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA WELLS | DIRECTOR Trustee or director | 1 | $0 |
| TIM FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| JEAN JAKOBY | DIRECTOR Trustee or director | 1 | $0 |
| RAGHU MARWAHA | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SCOTT | TREASURER Trustee or director, Officer | 1 | $0 |
| ILENE KOBERT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| MIKE KAPPITT | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| HOWARD LIPMAN | SECRETARY & Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMIT SARIN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| ROCHELLE TRAFTON | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY GREENLEE | DIRECTOR Trustee or director, Officer | 1 | $0 |
| LOWETTE SWINTON | DIRECTOR Trustee or director, Officer | 1 | $0 |
| TREVIS JOSEPH | DIRECTOR Trustee or director, Officer | 1 | $0 |
| ILENE KOBERT | SECRETARY Trustee or director, Officer | 1 | $0 |
| THOMAS VOKEY | TREAS. & ACT Trustee or director, Officer | 1 | $0 |
| MICHELE DINELLO | EXECUTIVE DI Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1 CORPORATE DR STE 1000, SHELTON, CT 06484-6281
- Principal officer (990 for 2024)
- HOWARD LIPMAN
- Signed the 990
- HOWARD LIPMAN, SECRETARY & EXEC DIR
- Website
- WWW.SUBWAYCARES.ORG
- Return prepared by
- MAHONEY SABOL & COMPANY LLP
Mission
THE SUBWAY CARES FOUNDATION FUELS THE POTENTIAL OF OUR YOUTH BY GIVING THEM GREATER ACCESS TO NUTRITIOUS FOOD, AFFORDABLE EDUCATION, AND OPPORTUNITIES TO HELP THEM GROW. THE SPECIFIC OBJECTIVES AND PURPOSE OF THIS ORGANIZATION SHALL BE: A)THE FOUNDATION WILL WORK WITH ORGANIZATIONS WHOSE MISSION IS TO FEED THOSE IN NEED, ERADICATE HUNGER, PROVIDE SCHOOL LUNCH AND NUTRITION PROGRAMS, AND PROVIDE EMERGENCY SHELTERS. B)THE FOUNDATION WILL ALSO SUPPORT AFFORDABLE EDUCATION THROUGH SCHOLARSHIP PROGRAMS FOR HIGH SCHOOL GRADUATES LOOKING TO FURTHER THEIR EDUCATION AT A COLLEGE, UNIVERSITY OR TRADE SCHOOL. C)THE FOUNDATION WILL GIVE TOP CONSIDERATIONS WHEN MAKING GRANTS TO PROGRAMS THAT REVOLVE AROUND SELF-SUFFICIENCY, MENTORING AND YOUTH EMPOWERMENT.
Program accomplishments
- PROVIDES GREATER ACCESS TO NUTRITIOUS FOOD, AFFORDABLE EDUCATION, AND OPPORTUNITIES TO HELP OUR YOUTH GROWExpenses $1,314,349 · grants $1,085,000
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
- 86-1625656
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,284,086
- Income (IRS master file)
- $2,170,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,784,179 | $1,843,806 | $3,284,086 | IRS |
| 990 | December 2023 | $811,606 | $452,558 | $3,096,273 | XML |
| 990 | December 2022 | $879,510 | $604,875 | $2,693,124 | 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 86-1625656).
Questions about SUBWAY CARES FOUNDATION INC
- What is the EIN of SUBWAY CARES FOUNDATION INC?
- The employer identification number (EIN) of SUBWAY CARES FOUNDATION INC is 86-1625656.
- Is SUBWAY CARES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SUBWAY CARES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUBWAY CARES 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 SUBWAY CARES 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 SUBWAY CARES 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 SUBWAY CARES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names HOWARD LIPMAN.
- Who are the officers and directors of SUBWAY CARES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does SUBWAY CARES FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,784,179, expenses of $1,843,806 and total assets of $3,284,086 at year end.
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