Nonprofit · EIN 88-0919409
MARES AND MOTORS INC
Tax-exempt · WEST ORANGE, NJ 07052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $592,350 | $340,919 | $251,431 | $4,441,731 | $745,377 | $3,696,354 |
| December 31, 2023 | 990-PF | $3,850,011 | $646,302 | $3,203,709 | $4,253,845 | $808,922 | $3,444,923 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $592,335
- Interest
- $15
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $340,919
Balance sheet and other
- Total assets, start of year
- $4,253,845
- Total assets, end of year
- $4,441,731
- Total liabilities, end of year
- $745,377
- Net assets, end of year
- $3,696,354
- Fair market value of assets
- $4,441,731
- Qualifying distributions
- $340,919
- Net investment income
- $15
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL COSTA 45 DRAKE DRIVE, BAYVILLE, NJ 08721 | DIRECTOR | 5 | $0 |
| GEORGE BAUTISTA 563 GALE COURT, TEANECK, NJ 07666 | DIRECTOR | 1 | $0 |
| MONICA ELIAS 307 HOBART ROAD, SHORT HILLS, NJ 07078 | DIRECTOR/TREASURER/SECRETARY | 1 | $0 |
| ALEXANDER SALERNO 523 PARK AVE, ORANGE, NJ 07050 | PRESIDENT | 15 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL COSTA 45 DRAKE DRIVE, BAYVILLE, NJ 08721 | DIRECTOR | 5 | $0 |
| GEORGE BAUTISTA 563 GALE COURT, TEANECK, NJ 07666 | DIRECTOR | 1 | $0 |
| MONICA ELIAS 307 HOBART ROAD, SHORT HILLS, NJ 07078 | DIRECTOR/TREASURER/SECRETARY | 1 | $0 |
| ALEXANDER SALERNO 523 PARK AVE, ORANGE, NJ 07050 | PRESIDENT | 15 | $0 |
Address and contacts
- Address (IRS master file)
- BOX 148 623 EAGLE ROCK AVENUE, WEST ORANGE, NJ 07052-2948
- Signed the 990-PF
- ALEXANDER SALERNO, PRESIDENT
- Phone
- (973) 672-8573
- Return prepared by
- CBIZ ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 88-0919409
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A57)
- Assets (IRS master file)
- $4,441,731
- Income (IRS master file)
- $592,350
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $592,350 | $340,919 | $4,441,731 | XML |
| 990-PF | December 2023 | $3,850,011 | $646,302 | $4,253,845 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-0919409).
Questions about MARES AND MOTORS INC
- What is the EIN of MARES AND MOTORS INC?
- The employer identification number (EIN) of MARES AND MOTORS INC is 88-0919409.
- Is MARES AND MOTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARES AND MOTORS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MARES AND MOTORS INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARES AND MOTORS 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 MARES AND MOTORS INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MARES AND MOTORS INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MARES AND MOTORS INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $592,350, expenses of $340,919 and total assets of $4,441,731 at year end.
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