Civic Intelligence

The Cares Project Inc

990EZ • Fiscal year 2018 • EIN 81-2944362

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

3410 Healy Drive Suite 209Winstonsalem, NC 27103

(336) 751-0313

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.04x

Higher debt load relative to assets than 65% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$32,692

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

219%

Faster asset growth than 93% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

271%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$125,693

Up $86,291 (+219%) from 2017

Net Assets

$120,980

No earlier filing loaded for comparison.

Liabilities

Up

$4,713

Up $4,713 from 2017

Revenue

Up

$164,719

Up $120,319 (+271%) from 2017

Expenses

Up

$83,141

Up $73,793 (+789%) from 2017

Net Income

Up

$81,578

Up $46,526 (+133%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2016: $4,350Liabilities 2016: $02016Assets 2017: $39,402Liabilities 2017: $02017Assets 2018: $125,693Liabilities 2018: $4,713Net Assets 2018: $120,9802018Assets 2019: $165,320Liabilities 2019: $3,872Net Assets 2019: $161,4482019Assets 2020: $218,878Liabilities 2020: $2,382Net Assets 2020: $216,4962020Assets 2021: $342,424Liabilities 2021: $3,763Net Assets 2021: $338,6612021Assets 2022: $267,914Liabilities 2022: $8,605Net Assets 2022: $259,3092022Assets 2023: $504,552Liabilities 2023: $62,626Net Assets 2023: $441,9262023Assets 2024: $701,830Liabilities 2024: $215,941Net Assets 2024: $485,8892024Assets 2025: $678,502Liabilities 2025: $165,233Net Assets 2025: $513,2692025

Highlighted filing

2018

Assets$125,693
Liabilities$4,713
Net Assets$120,980

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $4,350Expenses 2016: $0Net Income 2016: $4,3502016Revenue 2017: $44,400Expenses 2017: $9,348Net Income 2017: $35,0522017Revenue 2018: $164,719Expenses 2018: $83,141Net Income 2018: $81,5782018Revenue 2019: $213,683Expenses 2019: $173,215Net Income 2019: $40,4682019Revenue 2020: $258,904Expenses 2020: $203,856Net Income 2020: $55,0482020Revenue 2021: $352,040Expenses 2021: $229,875Net Income 2021: $122,1652021Revenue 2022: $120,589Expenses 2022: $199,941Net Income 2022: -$79,3522022Revenue 2023: $424,564Expenses 2023: $241,947Net Income 2023: $182,6172023Revenue 2024: $296,908Expenses 2024: $252,945Net Income 2024: $43,9632024Revenue 2025: $363,037Expenses 2025: $335,657Net Income 2025: $27,3802025

Highlighted filing

2018

Revenue$164,719
Expenses$83,141
Net Income$81,578
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$164,719
Mission and Program Overview

Mission

The cares project, inc. Is a non-profit emerging community development financial institution serving people with incomes at or below eighty percent of the area median family income who live in forsyth, davie, and davidson counties. The organization's mission is to help low income individuals and families to become financially secure through car ownership, by making community-funded vehicle loans and by building skills through financial and credit coaching.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION MADE COMMUNITY FUNDED VEHICLE LOANS TO FOUR LOW INCOME, CREDIT-CHALLENGED, WORKING ADULTS WHICH ASSISTED THEM AND THEIR FAMILIES IN BECOMING FINANCIALLY SECURE THROUGH CAR OWNERSHIP.-$52,102
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SCOTT MCLAUGHLINCEOFT$32,692-$32,692
MELINDA BEAUCHAMPDirector-$0--
NEAL CHEEKTreasurer-$0--
KRYSTAL DUMASSecretary-$0--
LARRY HUNGERFORDDirector-$0--
ANDREW LAROWEDirector-$0--
TRACIE MURPHYDirector-$0--
ANN ROBERTSDirector-$0--
MICHELLE YOUNTSPresident-$0--
Filing and Contact Details

Filer

Filer Name
The Cares Project Inc
EIN
81-2944362
Phone
3367510313
Address
3410 HEALY DRIVE SUITE 209, WINSTONSALEM, NC 27103

Signing Officer

Name
Scott Mclaughlin
Title
CEO
Phone
3368401555
Signed
2019-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
Valerie D Kiger
Phone
3367250635
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 242 travel 1,765 insurance 12,306 supplies 6,497 equip rental & repair 5,267 telephone 853 misc expense 124 dues & memberships 115 total 27,169

Form 990-ez, Part II, Line 24

Auto loans - current portion 0 7,264 auto loans - long term 0 14,794 sales tax receivable 0 418 receivables due from officers 0 5,625 total 0 28,101

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 4,713

Form 990-ez, Part III

The cares project, inc. Is a non-profit emerging community development financial institution serving people with incomes at or below eighty percent of the area median family income who live in forsyth, davie, and davidson counties. The organization's mission is to help low income individuals and families to become financially secure through car ownership, by making community-funded vehicle loans and by building skills through financial and credit coaching.

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
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IRS990EZ/PrimaryExemptPurposeTxt0THE CARES PROJECT, INC. IS A NON-PROFIT EMERGING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING PEOPLE WITH INCOMES AT OR BELOW EIGHTY PERCENT OF THE AREA MEDIAN FAMILY INCOME WHO LIVE IN FORSYTH, DAVIE, AND DAVIDSON COUNTIES. THE ORGANIZATION'S MISSION IS TO HELP LOW INCOME INDIVIDUALS AND FAMILIES TO BECOME FINANCIALLY SECURE THROUGH CAR OWNERSHIP, BY MAKING COMMUNITY-FUNDED VEHICLE LOANS AND BY BUILDING SKILLS THROUGH FINANCIAL AND CREDIT COACHING.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 242 TRAVEL 1,765 INSURANCE 12,306 SUPPLIES 6,497 EQUIP RENTAL & REPAIR 5,267 TELEPHONE 853 MISC EXPENSE 124 DUES & MEMBERSHIPS 115 TOTAL 27,169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AUTO LOANS - CURRENT PORTION 0 7,264 AUTO LOANS - LONG TERM 0 14,794 SALES TAX RECEIVABLE 0 418 RECEIVABLES DUE FROM OFFICERS 0 5,625 TOTAL 0 28,101
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 4,713
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CARES PROJECT, INC. IS A NON-PROFIT EMERGING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SERVING PEOPLE WITH INCOMES AT OR BELOW EIGHTY PERCENT OF THE AREA MEDIAN FAMILY INCOME WHO LIVE IN FORSYTH, DAVIE, AND DAVIDSON COUNTIES. THE ORGANIZATION'S MISSION IS TO HELP LOW INCOME INDIVIDUALS AND FAMILIES TO BECOME FINANCIALLY SECURE THROUGH CAR OWNERSHIP, BY MAKING COMMUNITY-FUNDED VEHICLE LOANS AND BY BUILDING SKILLS THROUGH FINANCIAL AND CREDIT COACHING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT MCLAUGHLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03368401555
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CARES PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0CARE
ReturnHeader/Filer/EIN0812944362
ReturnHeader/Filer/PhoneNum03367510313
ReturnHeader/Filer/USAddress/AddressLine1Txt03410 HEALY DRIVE SUITE 209
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-06-25
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ReturnHeader/FilingSecurityInformation/IPTm012:46:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560727655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02160 COUNTRY CLUB RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0271044208
ReturnHeader/PreparerPersonGrp/PhoneNum03367250635
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VALERIE D KIGER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-06-25T12:46:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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