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Nonprofit · EIN 20-8389978

DANANG FOUNDATION CORP

Tax-exempt · JACKSON HTS, NY 11372

Financials

$331K$519K2023$219K$249K2024
Revenue Expenses · by fiscal year end
Financials of DANANG FOUNDATION CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$218,974$249,231-$30,257$1,564,795$407,646$1,157,149
December 31, 2023990$331,333$518,756-$187,423$1,561,453$374,047$1,187,406
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$62,500
Program service revenue
$155,976
Investment income
$498
Other revenue
$0

Expenses

Grants and similar amounts paid
$14,184
Compensation of officers, directors and key employees
$45,600
Salaries, compensation and benefits (total)
$49,351
Professional fundraising fees
$0
Occupancy
$66,996
Travel
$873
Depreciation
$6,330
Program services (functional)
$194,863
Management and general (functional)
$54,368

Balance sheet and other

Total assets, start of year
$1,561,453
Total assets, end of year
$1,564,795
Total liabilities, end of year
$407,646
Net assets, end of year
$1,157,149
Land, buildings and equipment
$1,501,301
Net assets without donor restrictions
$1,157,149
Gross receipts
$218,974
Employees
1
Volunteers
5
Year formed
2007
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TASHI RINPOCHE LAMA TSEWANGPRESIDENT
Officer
40$45,600
TENZIN NORBUSECRETARY/CFO
Officer
40$0
NYIMA TSERINGDIRECTOR
Officer
40$0
WANGCHUK TENZIN LAMATRESURER
Officer
40$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TASHI RINPOCHE LAMA TSEWANGPRESIDENT
Officer
40$45,600
MI WUSECRETARY/CFO
Officer
40$0
DRONGPA JAMPAL NAMGYALDIRECTOR
Officer
40$0
WANGCHUK TENZIN LAMATRESURER
Officer
40$0

Address and contacts

Address (IRS master file)
7611 37TH AVE STE 202, JACKSON HTS, NY 11372-6623
Principal officer (990 for 2024)
TASHI RINPOCHE LAMA TSEWANG, 76-11 37TH AVE 202, JACKSON HEIGHTS, NY 11372
Signed the 990
TASHI RINPOCHE LAMA TSEWANG, PRESIDENT
Phone
(718) 888-0601
Return prepared by
MICHAEL ZHANG CPA PC

Mission

TO IMPROVE EDUCATION, ALLEVIATE POVERTY, PROVIDE HEALTHCARE, PRESERVE CULTURE AND CONSERVE THE ENVIRONMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • TO IMPROVE EDUCATION, ALLEVIATE POVERTY, PROVIDE HEALTHCARE, PRESERVE CULTURE AND CONSERVE THE ENVIRONMENT.
    Expenses $194,863 · revenue $155,976

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. 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
20-8389978
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Not required (church)
Assets (IRS master file)
$1,564,795
Income (IRS master file)
$218,974

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$218,974$249,231$1,564,795XML
990December 2023$331,333$518,756$1,561,453XML
990December 2022$285,025$350,498$1,707,175IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 20-8389978).

Questions about DANANG FOUNDATION CORP

What is the EIN of DANANG FOUNDATION CORP?
The employer identification number (EIN) of DANANG FOUNDATION CORP is 20-8389978.
Is DANANG FOUNDATION CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to DANANG FOUNDATION CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DANANG FOUNDATION CORP file?
Form Not required (church). Churches are not required to file.
When is the next return of DANANG FOUNDATION CORP 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 DANANG FOUNDATION CORP 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 DANANG FOUNDATION CORP?
The 990 for the year ended December 31, 2024 names TASHI RINPOCHE LAMA TSEWANG.
Who are the officers and directors of DANANG FOUNDATION CORP?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $45,600 (TASHI RINPOCHE LAMA TSEWANG, PRESIDENT).
How much revenue does DANANG FOUNDATION CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $218,974, expenses of $249,231 and total assets of $1,564,795 at year end.

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