Caras Love Scholarship Fund and Charitable Trust
Nonprofit profile at a glance
- EIN
- 376719207
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ocean City, NJ, USA
- Phone
- 6094744538
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $6,549
- Expenses
- $11,850
- Assets
- $50,798
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ERICA SCHAFFER (PRESIDENT)
People named in this filing
- ERICA SCHAFFER (PRESIDENT)
- JOETTA SURACE (SECRETARY)
- KEVIN SCHAFFER (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise funds in memory of cara surace bluth for scholarships to students in atlantic city and mays landing where she taught school. In times like this, we felt the need to shift the paradigm to a message of love. We can all use a little more of that.
What it reported doing in 2024
To raise funds for scholarships for students in atlantic city and mays landing. Scholarship were awarded in the calendar year
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -80.9%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 4.29; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: -66.9% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -0.6% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.