Nonprofit · EIN 26-0729549
INOVENT FOUNDATION
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $463,820 | $74,955 | $388,865 | $1,325,379 | $0 | $1,325,379 |
| December 31, 2023 | 990-PF | $48,148 | $288,196 | -$240,048 | $1,073,879 | $0 | $1,073,879 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,950
- Dividends
- $43,463
- Interest
- $41,932
- Net gain from sales of assets
- $179,232
- Other income
- $243
Expenses
- Grants and similar amounts paid
- $68,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $68,000
- Excise tax on investment income
- $3,588
Balance sheet and other
- Total assets, start of year
- $1,073,879
- Total assets, end of year
- $1,325,379
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,325,379
- Fair market value of assets
- $1,446,144
- Qualifying distributions
- $68,000
- Net investment income
- $264,870
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 |
|---|---|---|---|
| BAHRAM JALALI 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | PRESIDENT | 4 | $0 |
| MOJGAN RAYGAN 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | SECRETARY | 4 | $0 |
| DARREN YOUNGMAN 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | CHIEF FINANCIAL OFFICER | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BAHRAM JALALI 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | PRESIDENT | 8 | $0 |
| MOJGAN RAYGAN 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | SECRETARY | 8 | $0 |
| DARREN YOUNGMAN 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 926607506 | CHIEF FINANCIAL OFFICER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 220 NEWPORT CENTER DR 11-608, NEWPORT BEACH, CA 92660-7557
- In care of
- % PETERSON ECM 8955
- Signed the 990-PF
- DARREN YOUNGMAN, CHIEF FINANACIAL OFFICER
- Phone
- (949) 640-1982
- Return prepared by
- ELLIS BRISTOL HARMON & MARSH
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
- 26-0729549
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $1,325,379
- Income (IRS master file)
- $1,666,046
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $48,148 | $288,196 | $1,073,879 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 INOVENT FOUNDATION
- What is the EIN of INOVENT FOUNDATION?
- The employer identification number (EIN) of INOVENT FOUNDATION is 26-0729549.
- Is INOVENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to INOVENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does INOVENT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of INOVENT 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 INOVENT 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 INOVENT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does INOVENT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $463,820, expenses of $74,955 and total assets of $1,325,379 at year end.
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All nonprofits in NEWPORT BEACH · California · Philanthropy, voluntarism and grantmaking foundations