Nonprofit · EIN 87-3478137
EDUCATION COMES FIRST INC
Tax-exempt · NEWTON, NH 03858
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,199,394 | $1,061,601 | $137,793 | $541,471 | $0 | $541,471 |
| December 31, 2023 | 990 | $661,555 | $428,824 | $232,731 | $403,678 | $0 | $403,678 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,185,442
- Program service revenue
- $0
- Investment income
- $11,993
- Other revenue
- $1,959
Expenses
- Grants and similar amounts paid
- $1,022,500
- Compensation of officers, directors and key employees
- $20,000
- Other salaries and wages
- $10,000
- Salaries, compensation and benefits (total)
- $30,000
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Program services (functional)
- $1,031,601
- Management and general (functional)
- $30,000
Balance sheet and other
- Total assets, start of year
- $403,678
- Total assets, end of year
- $541,471
- Total liabilities, end of year
- $0
- Net assets, end of year
- $541,471
- Gross receipts
- $1,199,394
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- NH
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 |
|---|---|---|---|
| TIM DEMAKES | PRESIDENT Officer | 2 | $0 |
| SUSAN ALTAMORE CARUSI | SECRETARY Officer | 2 | $0 |
| STEVEN STEWART | TREASURER Officer | 2 | $0 |
| MICHAEL CONWAY | DIRECTOR Officer | 2 | $0 |
| NICK MENINNO | DIRECTOR Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM DEMAKES | PRESIDENT Officer | 2 | $0 |
| SUSAN ALTAMORE CARUSI | SECRETARY Officer | 2 | $0 |
| STEVEN STEWART | TREASURER Officer | 2 | $0 |
| MICHAEL CONWAY | DIRECTOR Officer | 2 | $0 |
| NICK MENINNO | DIRECTOR Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 6 POND ST, NEWTON, NH 03858-3405
- Principal officer (990 for 2024)
- TIM DEMAKES, 6 POND STREET, NEWTON, NH 03858
- Signed the 990
- STEVEN STEWART, TREASURER
- Phone
- (508) 265-7700
- Return prepared by
- MCCARTHY HARGRAVE & CO
Mission
FURTHERING THE EDUCATION OF CHILDREN OUTSIDE OF THE CLASSROOM BY ENHANCING THEIR PERFORMANCE IN THE AREAS OF MATHEMATICS, READING, AND SOCIAL DEVELOPMENT
Program accomplishments
- EDUCATION AND SOCIAL DEVELOPMENT FOR CHILDRENExpenses $1,031,601 · grants $1,022,500 · revenue $13,952
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
- 87-3478137
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $541,471
- Income (IRS master file)
- $1,199,394
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,199,394 | $1,061,601 | $541,471 | IRS |
| 990 | December 2023 | $661,555 | $428,824 | $403,678 | XML |
| 990 | December 2022 | $350,323 | $179,376 | $171,547 | 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 87-3478137).
Questions about EDUCATION COMES FIRST INC
- What is the EIN of EDUCATION COMES FIRST INC?
- The employer identification number (EIN) of EDUCATION COMES FIRST INC is 87-3478137.
- Is EDUCATION COMES FIRST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to EDUCATION COMES FIRST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATION COMES FIRST 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 EDUCATION COMES FIRST 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 EDUCATION COMES FIRST 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 EDUCATION COMES FIRST INC?
- The 990 for the year ended December 31, 2024 names TIM DEMAKES.
- Who are the officers and directors of EDUCATION COMES FIRST INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does EDUCATION COMES FIRST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,199,394, expenses of $1,061,601 and total assets of $541,471 at year end.
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