Overview
What is The Cares Project Inc?
The Cares Project Inc. is a non-profit organization situated in Forsyth, Davie, and Davidson Counties. As a certified community development financial institution, its primary mission is to assist low-income individuals and families in achieving financial security by offering community-funded vehicle loans. This initiative aims to support 11 credit-challenged working adults in purchasing vehicles, thereby improving their overall financial well-being. Furthermore, The Cares Project Inc. provides financial and credit coaching to expand their clients' financial literacy, ensuring a sustainable impact on their lives.
Official website here: www.thecaresproject.org
Is The Cares Project Inc legitimate?
The Cares Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cares Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $60,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,625
For more financial information, click here
Official website here: www.thecaresproject.org
What is the mission statement of The Cares Project Inc?
The Cares Project Inc., a non-profit organization, is dedicated to aiding low-income individuals and families. Their mission is to help these individuals achieve financial security by providing community-funded vehicle loans. The organization focuses on assisting 11 credit-challenged working adults in these communities, facilitating car ownership as a pathway towards financial stability. Additionally, The Cares Project Inc. offers financial and credit coaching to further equip these individuals with the necessary skills to manage their finances effectively.
Official website here: www.thecaresproject.org
Who is the CEO of The Cares Project Inc?
Andrew Larowe is the President of The Cares Project Inc. The CEO's salary of The Cares Project Inc is $60,775 and their total compensation is $73,402.
Official website here: www.thecaresproject.org
What is the revenue of The Cares Project Inc?
The Cares Project Inc's revenue in 2022 was $120,589.
Official website here: www.thecaresproject.org
Who are the executives of The Cares Project Inc and what are their salaries?
The average compensation at The Cares Project Inc during 2022 was $21,600. There are 4 employees and 12 volunteers at The Cares Project Inc.
Here are 10 key members and their salaries (The Cares Project Inc's CEO's salary is $60,775 and their total compensation is $73,402):
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- Compensation: $60,775
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- Other: $12,627
Official website here: www.thecaresproject.org
Where can I find the form 990 for The Cares Project Inc?
The Cares Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecaresproject.org
Learn more at the official website: www.thecaresproject.org
Mission Statement of The Cares Project Inc
The Cares Project Inc., a non-profit certified community development financial institution, has a mission to aid low-income individuals and families in Forsyth, Davie, and Davidson Counties. The organization's primary objective is to help these individuals achieve financial stability by offering them community-funded vehicle loans. By doing so, The Cares Project Inc. aims to assist 11 low-income, credit-challenged working adults in securing car ownership. Furthermore, the organization provides financial and credit coaching to build essential skills, thereby contributing to their overall financial well-being.
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Impact
October, 2024
The Cares Project Inc plays a pivotal role in fostering financial stability among low-income individuals and families in Forsyth, Davie, and Davidson counties. By focusing on car ownership, the organization empowers 11 credit-challenged working adults with community-funded vehicle loans. This initiative not only facilitates access to reliable transportation but also enhances job opportunities and overall quality of life for its beneficiaries.
In addition to providing loans, The Cares Project Inc emphasizes skill-building through financial and credit coaching. This dual approach equips participants with the knowledge and confidence to navigate their financial journeys, ultimately leading to greater economic independence and security. The impact of their work helps to break the cycle of poverty, promoting self-sufficiency and community upliftment.
This information is meant to be a general summary of The Cares Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $11,996
- Gross Receipts: $120,589
Assets and Liabilities:
- Total Assets: $267,914
- Total Liabilities: $8,605
- Net Assets: $259,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON AUTO LOANS
Revenue
$11,996
Organization Details
Founding Year
2016
Phone
(336) 840-1555Principal Officer
Andrew Larowe
Main Address
3410 HEALY DRIVE, WINSTONSALEM, NC, 27103
Website
www.thecaresproject.orgNTEE Category
Code: P51 - Human services
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