Nonprofit · EIN 13-3157279
J T TAI & CO FOUNDATION INC
Tax-exempt · LITTLE NECK, NY 11362
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,657,804 | $8,260,251 | -$4,602,447 | $124,106,997 | $9,921 | $124,097,076 |
| December 31, 2023 | 990-PF | $17,323,068 | $8,281,729 | $9,041,339 | $128,749,618 | $50,095 | $128,699,523 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $6,429,240
- Interest
- $518,371
- Net rental income
- $1,889
- Net gain from sales of assets
- -$3,330,637
- Other income
- $8,389
Expenses
- Grants and similar amounts paid
- $6,911,700
- Compensation of officers, directors and key employees
- $696,000
- Disbursements for charitable purposes
- $7,319,262
- Excise tax on investment income
- $85,138
Balance sheet and other
- Total assets, start of year
- $128,749,618
- Total assets, end of year
- $124,106,997
- Total liabilities, end of year
- $9,921
- Net assets, end of year
- $124,097,076
- Fair market value of assets
- $144,505,359
- Qualifying distributions
- $7,319,262
- Net investment income
- $6,980,052
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KUEICHU WANG HSU 18 EAST 67TH STREET, NEW YORK, NY 10065 | MANAGING DIRECT | 30 | $265,000 |
| YEE-JEN SHUAI 18 EAST 67TH STREET, NEW YORK, NY 10065 | Director | 10 | $187,000 |
| VICTORIA W HSU 18 EAST 67TH STREET, NEW YORK, NY 10065 | Director | 10 | $161,000 |
| YEOUNHA C OUYANG 18 EAST 67TH STREET, NEW YORK, NY 10065 | ASST. TREASURER | 10 | $83,000 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KUEICHU WANG HSU 18 EAST 67TH STREET, NEW YORK, NY 10065 | MANAGING DIRECT | 30 | $240,000 |
| YEE-JEN SHUAI 18 EAST 67TH STREET, NEW YORK, NY 10065 | Director | 10 | $168,000 |
| VICTORIA W HSU 18 EAST 67TH STREET, NEW YORK, NY 10065 | Director | 10 | $144,000 |
| YEOUNHA C OUYANG 18 EAST 67TH STREET, NEW YORK, NY 10065 | ASST. TREASURER | 10 | $72,000 |
Address and contacts
- Address (IRS master file)
- 24106 52ND AVE, LITTLE NECK, NY 11362-1548
- Signed the 990-PF
- DALLAS FREEMAN, Treasurer
- Phone
- (212) 288-5242
- Return prepared by
- SHAPIRO & DUFFALO CPA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3157279
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $124,106,997
- Income (IRS master file)
- $44,007,456
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,657,804 | $8,260,251 | $124,106,997 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $17,323,068 | $8,281,729 | $128,749,618 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 13-3157279).
Questions about J T TAI & CO FOUNDATION INC
- What is the EIN of J T TAI & CO FOUNDATION INC?
- The employer identification number (EIN) of J T TAI & CO FOUNDATION INC is 13-3157279.
- Is J T TAI & CO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to J T TAI & CO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J T TAI & CO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J T TAI & CO FOUNDATION INC 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 J T TAI & CO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of J T TAI & CO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $265,000 (KUEICHU WANG HSU, MANAGING DIRECT).
- How much revenue does J T TAI & CO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,657,804, expenses of $8,260,251 and total assets of $124,106,997 at year end.
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