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Nonprofit · EIN 20-0146963

NEW STAR SCHOLARSHIP FOUNDATION

Tax-exempt · LOS ANGELES, CA 90005

Financials

$153K$141K2024
Revenue Expenses · by fiscal year end
Financials of NEW STAR SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$152,959$140,797$12,162$427,344$0$427,344
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$136,395
Program service revenue
$0
Investment income
$16,564
Other revenue
$0

Expenses

Grants and similar amounts paid
$109,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$109,000
Management and general (functional)
$31,797

Balance sheet and other

Total assets, start of year
$414,182
Total assets, end of year
$427,344
Total liabilities, end of year
$0
Net assets, end of year
$427,344
Gross receipts
$152,959
Employees
0
Year formed
2003
State of legal domicile
CA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JENNY NAMCEO
Officer
–$0
AMY NAMCFO
Officer
–$0
SERGIO SUNGSECRETARY
Officer
–$0

Address and contacts

Address (IRS master file)
3030 W 8TH ST UNIT 402, LOS ANGELES, CA 90005-1887
In care of
% CHRIS MOON K NAM
Principal officer (990 for 2024)
JENNY NAM, 3030 W 8TH ST STE 402, LOS ANGELES, CA 90005
Signed the 990
JENNY NAM, CEO
Phone
(213) 632-0288
Return prepared by
KSS ACCOUNTANCY CORPORATION

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING SCHOLARSHIPS THAT ARE DESIGNED TO PROVIDE FINANCIAL AIDS TO STUDENTS PURSUING HIGH SCHOOL AND/OR COLLEGE EDUCATION BASED ON HIS OR HER ABILITY TO DEMONSTRATE ACADEMIC ACHEIVEMENT, FINANCIAL NEEDS, PERSONAL STRENGTH, AND FUTURE LEADERSHIP.
    Expenses $109,000 · grants $109,000 · revenue $136,395

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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0146963
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
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$427,344
Income (IRS master file)
$152,959

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$92,969$187,408$414,182IRS
990December 2022$117,907$227,538$507,621IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 NEW STAR SCHOLARSHIP FOUNDATION

What is the EIN of NEW STAR SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of NEW STAR SCHOLARSHIP FOUNDATION is 20-0146963.
Is NEW STAR SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to NEW STAR SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW STAR SCHOLARSHIP 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 NEW STAR SCHOLARSHIP 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 NEW STAR SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW STAR SCHOLARSHIP FOUNDATION?
The 990 for the year ended December 31, 2024 names JENNY NAM.
Who are the officers and directors of NEW STAR SCHOLARSHIP FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does NEW STAR SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $152,959, expenses of $140,797 and total assets of $427,344 at year end.

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