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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 02-0771025

ALMA FOUNDATION

Tax-exempt · PLACENTIA, CA 92870

Financials

$27K$50K2023$200K$158K2024
Revenue Expenses · by fiscal year end
Financials of ALMA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$199,514$158,214$41,300$113,004–$113,004
December 31, 2023990-EZ$26,934$50,031-$23,097$71,704–$71,704
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$199,514

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$51,724
Printing, publications and postage
$4,500
Other expenses
$101,990
Program services (functional)
$101,000

Balance sheet and other

Total assets, start of year
$71,704
Total assets, end of year
$113,004
Total liabilities, end of year
–
Net assets, end of year
$113,004
Cash, savings and investments
$113,004
Gross receipts
$199,514

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DR RAY HACHEMCHAIRMAN0$0
GEORGE AYOUBPRESIDENT0$0
PIERRE KHOURYTREASURER0$0
GEORGE NASSARVICE PRESIDE0$0
JIMMY SAADESECRETARY0$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
PAUL WALKIMCHAIRMAN0$0
ISSAM RAADPRESIDENT0$0
PIERRE KHOURYTREASURER0$0
DR RAY HACHEMVICE PRESIDE0$0
MRS CARLA WEHBESECRETARY0$0

Address and contacts

Address (IRS master file)
501 SWANSON AVE, PLACENTIA, CA 92870-2032
In care of
% JOSEPH HASROUNI
Mailing address (990-N for 2019)
501 SWANSON AVE, PLACENTIA CA 92870
Principal officer (990-N for 2019)
JOSEPH HASROUNI, 501 SWANSON AVE, PLACENTIA CA 92870
Signed the 990-EZ
PIERRE KHOURY, TREASURER
Return prepared by
THE RASCON CPA FIRM

Mission

THE ALMA FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES AND CONTINUES TO SERVE THIS PURPOSE.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE ALMA FOUNDATION ISSUES SCHOLARSHIP AWARDS EACH YEAR TO VARIOUS RECIPIENTS. THE FUNDS RAISED FOR SUCH SCHOLARSHIPS ARE EARNED FROM THE ANNUAL GALA AND DONATIONS.
    Expenses $101,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for ALMA FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
02-0771025
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$113,004
Income (IRS master file)
$199,514

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024–––IRS
990-EZDecember 2023–––IRS
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2019
Officer: JOSEPH HASROUNI
December 31, 2019≤ $50,000 receipts––e-Postcard
990-EZDecember 2018–––IRS
990-EZDecember 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about ALMA FOUNDATION

What is the EIN of ALMA FOUNDATION?
The employer identification number (EIN) of ALMA FOUNDATION is 02-0771025.
Is ALMA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to ALMA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALMA FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALMA FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALMA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of ALMA FOUNDATION?
The 990-N for 2019 names JOSEPH HASROUNI.
Who are the officers and directors of ALMA FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does ALMA FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $199,514, expenses of $158,214 and total assets of $113,004 at year end.

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