NonprofitsCares Project Inc

Human Services

Cares Project Inc

WINSTON SALEM, NC

Total revenue

$297K

Total expenses

$253K

Net assets

$486K

Grants received

$206K

8 grants

EIN

812944362

Tax year

2024

Mission

The cares project, inc. Is a non-profit certified community development financial institution serving people with incomes at or below eight 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 become financially secure through car ownership by making community-funded vehicle loans and by building skills through financial and credit coaching.

Financials

FY 2024

Revenue

Contributions & grants$258K
Program service revenue$38K
Investment income
Other revenue$930
Total revenue$297K

Expenses

Grants paid
Salaries & benefits$156K
Fundraising
Other expenses$96K
Total expenses$253K
Total assets$702K
Net assets$486K

People

9 listed

NameRoleCompensation

SCOTT MCLAUGHLIN

CEO

Board

$82K

40 hrs/wk

ANDREW LAROWE

VICE PRESIDENT

Board

2 hrs/wk

MICHELLE YOUNTS

TREASURER

Board

2 hrs/wk

MARCIA PHILLIPS

SECRETARY

Board

2 hrs/wk

RICK HALL

PRESIDENT

Board

2 hrs/wk

NEAL CHEEK

DIRECTOR

Board

1 hrs/wk

RENEE GRIFFIN

SECRETARY

Board

1 hrs/wk

SHAWAN GABRIEL

DIRECTOR

Board

1 hrs/wk

FRED BAZEMORE

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$40K
1 grant(s) for varying purposes
2024
$6K
Provides assistance to low income individuals and families by helping them become financially secure through car ownership, creating community-funded vehicle loans, and credit coaching.
2024
$40K
1 grant(s) for varying purposes
2023
$24K
GENERAL OPERATING
2023
$6K
Provides assistance to low income individuals and families by helping them become financially secure through car ownership, creating community-funded vehicle loans, and credit coaching.
2023
$50K
1 GRANT(S) FOR VARYING PURPOSES
2022
$24K
GENERAL OPERATING
2020
$16K
GENERAL SUPPORT
2020

Funded by

$206K from 4 funders · 8 grants · 2020–2024

The Winston-Salem Foundation

$130K · 3 grants · 2022–2024

Truist Foundation Inc

$48K · 2 grants · 2020–2023

Davie Community Foundation Inc

$16K · 1 grant · 2020

United Way of Davidson County Inc

$12K · 2 grants · 2023–2024

Details

EIN812944362
NTEE codeP51
Subsection03
Ruling date2016-09
Formed2016
Employees4
Volunteers8
CARES PROJECT INC — Mission, Financials & Grants Received | Grantivo