Nonprofit · EIN 06-1626123
RENEWAL FOUNDATION INC
Tax-exempt · OAKLAND GDNS, NY 11364
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,666,500 | $990,733 | $675,767 | $1,602,054 | $1,500 | $1,600,554 |
| June 30, 2024 | 990 | $1,066,001 | $1,567,360 | -$501,359 | $925,987 | $1,200 | $924,787 |
| June 30, 2023 | 990 | $728,734 | $597,866 | $130,868 | $1,427,345 | $1,200 | $1,426,145 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,629,779
- Program service revenue
- $0
- Investment income
- $36,721
- Net gain from sales of assets
- $5,930
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $980,193
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,300
- Program services (functional)
- $988,625
- Management and general (functional)
- $2,108
Balance sheet and other
- Total assets, start of year
- $925,987
- Total assets, end of year
- $1,602,054
- Total liabilities, end of year
- $1,500
- Net assets, end of year
- $1,600,554
- Net assets without donor restrictions
- $1,600,554
- Gross receipts
- $1,666,500
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2001
- State of legal domicile
- NY
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACKSON MA | PRESIDENT & Trustee or director | 0 | $0 |
| EVA CHOW | DIRECTOR Trustee or director | 0 | $0 |
| GINA WU | TREASURER Trustee or director | 0 | $0 |
| ANGELA FUNG | DIRECTOR Trustee or director | 0 | $0 |
| LARRY LIU | DIRECTOR Trustee or director | 0 | $0 |
| EUNICE LIU | DIRECTOR Trustee or director | 0 | $0 |
| HEIDI CHEN | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVA CHOW | DIRECTOR Trustee or director | 0 | $0 |
| JACKSON MA | PRESIDENT & CEO Trustee or director, Institutional trustee | 0 | $0 |
| GINA WU | TREASURER Trustee or director, Institutional trustee | 0 | $0 |
| ANGELA FUNG | DIRECTOR Trustee or director | 0 | $0 |
| LARRY LIU | DIRECTOR Trustee or director | 0 | $0 |
| EUNICE LIU | DIRECTOR Trustee or director | 0 | $0 |
| HEIDI CHEN | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVA CHOW | DIRECTOR Trustee or director | 0 | $0 |
| JACKSON MA | PRESIDENT & CEO Trustee or director, Institutional trustee | 0 | $0 |
| GINA WU | TREASURER Trustee or director, Institutional trustee | 0 | $0 |
| ANGELA FUNG | DIRECTOR Trustee or director | 0 | $0 |
| LARRY LIU | DIRECTOR Trustee or director | 0 | $0 |
| EUNICE LIU | DIRECTOR Trustee or director | 0 | $0 |
| HEIDI CHEN | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 22040 KINGSBURY AVE, OAKLAND GDNS, NY 11364-3537
- In care of
- % TAN & ASSOCIATES PC
- Principal officer (990 for 2024)
- JACKSON MA, 220-40 KINGSBURY AVE, OAKLAND GARDENS, NY 11364
- Signed the 990
- JACKSON MA, PRESIDENT & CEO
- Phone
- (917) 981-1229
- Return prepared by
- HHL ADVISORS GROUP
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF (1) PROVIDING EDUCATIONAL ASSISTANCE TO NEEDY OR UNDERPRIVILEGED STUDENT; (2) PROVIDING ENGLISH LITERACY EDUCATING TO NEW IMMIGRANT STUDENTS; (3) PROMOTING AND FOSTERING MUTUAL UNDERSTANDING, RESPECT AND GOODWILL AMONG PERSONS OF ALL ANCESTRIES: (4) ORGANIZING UNDER PROFESSIONAL DIRECTON, A BODY OF WATURE AND RESPONSIBLE ADULTS TO INTEREST THEMSELVES IN THE WELFARE OF YOUTH FOR THEIR PROPER AND MORAL DEVELOPMENT; (5) PROMOTING FELLOWSHIP AND EXTEND ACQUAINTANCES BY MEANS OF SOCIAL GATHERING AND OTHER FORMS OF CULTURAL EVENTS; (6) TO PROMOT VARIOUS HELPFUL AND HEALTHY SOCIAL ACTIVITIES; AND (7) INTERACTING AND COOPERATING WITH SIMILAR ORGANIZATIONS SO THAT THEY MAY ADVANCE THE PURPOSE OF THE ORGANIZATION.Expenses $980,193 · grants $980,193
- MANAGEMENT AND GENERAL EXPENSESExpenses $8,432
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1626123
- 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
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,602,054
- Income (IRS master file)
- $1,666,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,666,500 | $990,733 | $1,602,054 | IRS |
| 990 | June 2024 | $1,066,001 | $1,567,360 | $925,987 | IRS |
| 990 | June 2023 | $728,734 | $597,866 | $1,427,345 | XML |
| 990 | June 2022 | $1,130,469 | $1,445,925 | $1,297,377 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 06-1626123).
Questions about RENEWAL FOUNDATION INC
- What is the EIN of RENEWAL FOUNDATION INC?
- The employer identification number (EIN) of RENEWAL FOUNDATION INC is 06-1626123.
- Is RENEWAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to RENEWAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RENEWAL FOUNDATION INC 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 RENEWAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RENEWAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RENEWAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JACKSON MA.
- Who are the officers and directors of RENEWAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does RENEWAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,666,500, expenses of $990,733 and total assets of $1,602,054 at year end.
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