THE CARES ORGANIZATION INC

EIN: 922900377 501(c)(3) Philanthropy & Grantmaking

DALLAS, TX

Total Revenue
$202,667
Total Expenses
$174,899
Total Assets
$33,580
Net Assets
$33,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
ALEXANDER FURGUSON
Phone
8559297864
Tax Period
2024-01-01 to 2024-12-31

THE CARES ORGANIZATION INC, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $203K in total revenue in fiscal year 2024. Expenses of $175K left a modest 14% surplus.

Mission

OUR MISSION IS TO END HUNGER DELIVER RELIEF AND BUILD RESILIENCE FOR COMMUNITIES IN NEED BY CARRYING OUT PROGRAMS DIRECTLY SERVING AS A FISCAL SPONSOR FOR VARIOUS CHARITABLE INITIATIVES

Program Service Accomplishments

Program 1

4A INTERNATIONAL DEVELOPMENT REGION: KAZAKHSTAN-CENTRAL ASIA PORGRAM EXPENSES $26980 ACTIVITIES PROGRAM SERVICES TOWARD QUALITY EDUCATION REDUCED INEQUALITY DECENT WORK AN ECONOMIC GROWTH GENDER...

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4A INTERNATIONAL DEVELOPMENT REGION: KAZAKHSTAN-CENTRAL ASIA PORGRAM EXPENSES $26980 ACTIVITIES PROGRAM SERVICES TOWARD QUALITY EDUCATION REDUCED INEQUALITY DECENT WORK AN ECONOMIC GROWTH GENDER EQUALITY AND CAUSE AWARENESS THRU EDUCATIONAL SCHOLARSHIPS 4B International Development. Region: Zimbabwe-Africa. Program Expenses $97,000 Activities Program Services towards Hunger Relief Food Security Agro-Ecology Sustainable Local Incomes, and Cause-Awareness through a Spirulina Microalgae Farming Services The Cares Organization worked in partnership with ZimWorx and Site Algae / E2G Food to provide agricultural inputs training, and technical support to small farmers developing sustainable spirulina microalgae farming operations Farmers engaged in learning integrated microfarming and agricultural lab studies to produce highly nutritious and much-needed food for children and families in their communities creating community food systems through environmentally-sound agriculture The Cares Organization implemented the program through local staff and community organizations multiplying the gift by facilitating knowledge transfer to local farmers improving economic benefit from what they grow strengthening local markets and expanding food security and nutrition to children and families Program activities also included community awareness inspiring people to take action through social capital giving them a hand up not a hand out and education on the importance of healthy nutritious sustainable, and locally produced food as a means of addressing malnutrition and hunger for a better life. 4C Local and International Development Region U.S.-NY Brazil Gaza Israel Sudan and Kenya Program Expenses General Operating and Program Services. Activities Program Services towards Critical Disaster Relief and Hunger Services The Cares Organization partnered with E2G Food and logistics providers to deliver disaster relief in multiple regions in the U.S. and worldwide through its Food For Impact high protein survival food bars and clean water tablets program Activities included the purchase and distribution of high-protein food bars and clean water tablets to New York food pantries during the refugee food crisis, to communities affected by flooding zones in Brazil and Kenya, and to populations impacted by conflict in Gaza, Israel, and South Sudan 4D Local and International Development. Region U.S. and Global Program Expenses General Operating and Program Services. Services The Cares Organization conducted campaigns and programs to promote our charitable mission by raising awareness and education around key social issues with the goal of fostering community self-reliance, improving quality of life, and mobilizing charitable support Program areas included youth empowerment and mentoring for high school students youth development in motorsports wildlife conservation and habitat restoration including Restore Habitats and The Rhino Crisis initiatives arts and culture programs for inner-city youth mental health awareness through the Open Your Heart Challenge and womens and girls empowerment Additional activities addressed access and affordability of critical essential health and medicine for children and families in disadvantaged areas poverty alleviation hunger relief gender inequity malnutrition animal welfare and ocean conservation

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $202,667
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $202,667

Expense Breakdown

Grants Paid $123,980
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $50,919
TOTAL EXPENSES $174,899

Year-over-Year Comparison

2024 2023 Change
Revenue $202,667 N/A N/A
Expenses $174,899 N/A N/A
Net Income $27,768 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER FERGUSON VICE PRESIDENT COO 50.00
Officer Director
$0 $0 $0
BARBARA DAMATO CHAIRMAN CEO PRES 50.00
Officer Director
$0 $0 $0
DAVID BABCOCK INDEPENDENT DIRECTOR 8.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $202,667 $174,899 $33,580 $27,768
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