Nonprofit · EIN 06-1569478
FUTURE STARS CHILDRENS FOUNDATION INC
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $12,090 | $11,378 | $712 | $49,820 | $0 | $49,820 |
| December 31, 2024 | 990-EZ | $2,903 | $2,399 | $504 | $49,108 | $0 | $49,108 |
| December 31, 2023 | 990-EZ | $20,220 | $19,728 | $492 | $48,604 | $0 | $48,604 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $11,468
- Other revenue
- $622
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $11,378
Balance sheet and other
- Total assets, start of year
- $49,108
- Total assets, end of year
- $49,820
- Total liabilities, end of year
- $0
- Net assets, end of year
- $49,820
- Cash, savings and investments
- $1,962
- Gross receipts
- $12,090
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Olayos | President | 15 | $0 |
| James Whiting | Director | 0 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Olayos | President | 15 | $0 |
| James Whiting | Director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Olayos | President | 15 | $0 |
| James Whiting | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 9235 RESIDENCIA, NEWPORT BEACH, CA 92660-9066
- Signed the 990-EZ
- James Olayos, President
- Return prepared by
- Krauss Whiting Capital Advisors LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 06-1569478 or by the name FUTURE STARS CHILDRENS FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Education
Program accomplishments
- Educating children through developmental sports programs.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 06-1569478
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $49,820
- Income (IRS master file)
- $12,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $12,090 | $11,378 | $49,820 | IRS |
| 990-EZ | December 2024 | $2,903 | $2,399 | $49,108 | IRS |
| 990-EZ | December 2023 | $20,220 | $19,728 | $48,604 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 06-1569478).
Questions about FUTURE STARS CHILDRENS FOUNDATION INC
- What is the EIN of FUTURE STARS CHILDRENS FOUNDATION INC?
- The employer identification number (EIN) of FUTURE STARS CHILDRENS FOUNDATION INC is 06-1569478.
- Is FUTURE STARS CHILDRENS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to FUTURE STARS CHILDRENS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE STARS CHILDRENS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FUTURE STARS CHILDRENS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE STARS CHILDRENS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of FUTURE STARS CHILDRENS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does FUTURE STARS CHILDRENS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $12,090, expenses of $11,378 and total assets of $49,820 at year end.
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