Nonprofit · EIN 20-2043022
TSAO FAMILY FOUNDATION
Tax-exempt · CORONA DL MAR, CA 92625
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $41,341,465 | $7,179,533 | $34,161,932 | $122,862,380 | $6,389,526 | $116,472,854 |
| December 31, 2023 | 990-PF | $3,520,915 | $4,364,472 | -$843,557 | $87,539,098 | $986,963 | $86,552,135 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,651,628
- Dividends
- $1,056,174
- Interest
- $382,348
- Net gain from sales of assets
- $14,251,315
Expenses
- Grants and similar amounts paid
- $5,134,835
- Disbursements for charitable purposes
- $5,147,755
- Excise tax on investment income
- $204,425
Balance sheet and other
- Total assets, start of year
- $87,539,098
- Total assets, end of year
- $122,862,380
- Total liabilities, end of year
- $6,389,526
- Net assets, end of year
- $116,472,854
- Fair market value of assets
- $122,862,380
- Qualifying distributions
- $5,147,755
- Net investment income
- $15,689,837
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 |
|---|---|---|---|
| MICHEAEL LIYOUNG TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | PRESIDENT | 1 | $0 |
| STEVEN TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | CFO | 1 | $0 |
| JANIE TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | FOUNDATION MANAGER | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL LIYOUNG TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | PRESIDENT | 1 | $0 |
| STEVEN LIDAH TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | CFO | 1 | $0 |
| JANIE TSAO PO BOX 1115, CORONA DEL MAR, CA 92625 | FOUNDATION MANAGER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1115, CORONA DL MAR, CA 92625-6115
- In care of
- % STEVEN TSAO
- Signed the 990-PF
- STEVEN TSAO, CFO
- Phone
- (949) 706-3355
- Return prepared by
- KEVIN EFORDYCE
California records
California keeps its own records of charities and corporations. Search them by EIN 20-2043022 or by the name TSAO FAMILY FOUNDATION.
- 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)
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
- 20-2043022
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $122,862,380
- Income (IRS master file)
- $50,692,994
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $41,341,465 | $7,179,533 | $122,862,380 | XML |
| 990-PF | December 2023 | $3,520,915 | $4,364,472 | $87,539,098 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 20-2043022).
Questions about TSAO FAMILY FOUNDATION
- What is the EIN of TSAO FAMILY FOUNDATION?
- The employer identification number (EIN) of TSAO FAMILY FOUNDATION is 20-2043022.
- Is TSAO FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to TSAO FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TSAO FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TSAO FAMILY 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 TSAO FAMILY FOUNDATION 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 TSAO FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TSAO FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $41,341,465, expenses of $7,179,533 and total assets of $122,862,380 at year end.
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All nonprofits in CORONA DL MAR · California · Philanthropy, voluntarism and grantmaking foundations