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James And Margaret Careerasfoundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$26.3k (2024)

Expenses
$194k (2024)

Total Assets
$504k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,306
Expenses
$194,288
Net Income
-$167,982
Net Assets
$504,291
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9,757
37.1%
Dividends $11,650
44.3%
Sales of Assets $4,669
17.7%
Other Income $230
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $191,692
98.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $504,291
Total Liabilities $0
Net Assets $504,291
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$18,654
Expenses
$81,496
Net Income
-$100,150
Net Assets
$672,273
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,443
Dividends $19,448
Sales of Assets -$44,545
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,949
96.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $672,273
Total Liabilities $0
Net Assets $672,273
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,454
Expenses
$52,871
Net Income
$46,583
Net Assets
$772,423
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $77,140
77.6%
Interest Revenue $3,419
3.4%
Dividends $18,690
18.8%
Sales of Assets $205
0.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,474
95.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $772,423
Total Liabilities $0
Net Assets $772,423
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$607,687
Expenses
$12,420
Net Income
$595,267
Net Assets
$742,304
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,897
98.9%
Interest Revenue $3,585
0.6%
Dividends $2,552
0.4%
Sales of Assets $653
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,412
91.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $742,304
Total Liabilities $0
Net Assets $742,304
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$10,655
Expenses
$21,450
Net Income
-$32,105
Net Assets
$147,036
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,664
Dividends $2,528
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,412
95.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $147,037
Total Liabilities $1
Net Assets $147,036
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,670
Expenses
$24,028
Net Income
-$16,358
Net Assets
$179,141
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,224
55.1%
Dividends $2,844
37.1%
Sales of Assets $602
7.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,912
95.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $179,142
Total Liabilities $1
Net Assets $179,141
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$4,737
Expenses
$31,531
Net Income
-$36,268
Net Assets
$195,500
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,242
Dividends $2,873
Sales of Assets -$12,489
Other Income $637
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,402
96.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $195,500
Total Liabilities $0
Net Assets $195,500
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,994
Expenses
$22,354
Net Income
-$15,360
Net Assets
$231,768
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,843
40.6%
Dividends $3,582
51.2%
Sales of Assets $569
8.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,013
89.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $231,768
Total Liabilities $0
Net Assets $231,768
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$24,091
Expenses
$30,818
Net Income
-$6,727
Net Assets
$247,128
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16
0.1%
Dividends $3,380
14.0%
Sales of Assets $20,695
85.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,379
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $247,128
Total Liabilities $0
Net Assets $247,128
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,293
Expenses
$21,772
Net Income
-$18,479
Net Assets
$253,854
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18
0.5%
Dividends $3,275
99.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,372
98.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $253,854
Total Liabilities $0
Net Assets $253,854
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$8,972
Expenses
$108,245
Net Income
-$117,217
Net Assets
$272,333
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25
Dividends $3,095
Sales of Assets -$12,092
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $107,862
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $272,333
Total Liabilities $0
Net Assets $272,333
Compensation
Key Employees and Officers Compensation Other
James P Carreras Jr (President) $0 $0
Margaret D Carreras (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,598
Expenses
$54,275
Net Income
-$51,677
Net Assets
$389,549
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $64
2.5%
Dividends $2,523
97.1%
Sales of Assets $11
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $53,000
97.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $389,549
Total Liabilities $0
Net Assets $389,549

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$321,126
Expenses
$46,763
Net Income
$274,363
Net Assets
$441,226
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $265,000
82.5%
Interest Revenue $3,721
1.2%
Dividends $2,538
0.8%
Sales of Assets $49,867
15.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,000
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $441,226
Total Liabilities $0
Net Assets $441,226

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$3,105
Expenses
$35,714
Net Income
-$38,819
Net Assets
$166,864
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,879
Dividends $4,006
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,000
98.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $166,864
Total Liabilities $0
Net Assets $166,864

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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