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Nonprofit · EIN 26-2331802

IBREA FOUNDATION

Tax-exempt · NEW YORK, NY 10017

Financials

$262K$301K2023$256K$299K2024
Revenue Expenses · by fiscal year end
Financials of IBREA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$255,669$298,567-$42,898$1,325,653$634,981$690,672
December 31, 2023990$262,136$300,556-$38,420$1,271,414$537,844$733,570
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$170,170
of which government grants
$5,682
Membership dues
$5,000
Program service revenue
$82,397
Investment income
$3,102
Other revenue
$0

Expenses

Grants and similar amounts paid
$20,000
Other salaries and wages
$74,490
Salaries, compensation and benefits (total)
$83,084
Professional fundraising fees
$0
Accounting fees
$7,200
Occupancy
$69,901
Travel
$9,174
Depreciation
$22,795
Program services (functional)
$187,723
Management and general (functional)
$97,041
Fundraising (functional)
$13,803

Balance sheet and other

Total assets, start of year
$1,271,414
Total assets, end of year
$1,325,653
Total liabilities, end of year
$634,981
Net assets, end of year
$690,672
Land, buildings and equipment
$615,310
Net assets without donor restrictions
$690,672
Gross receipts
$255,669
Employees
3
Year formed
2008
State of legal domicile
AZ

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
ISABEL PASTOR GUZMANDIRECTOR/SEC
Trustee or director, Officer
40$36,000
JU EUN SHINDIRECTOR/TRE
Trustee or director, Officer
40$36,000
ANNE COVERTBOARD CHAIR
Trustee or director
5$0
COLLETTE HEMMINGSDIRECTOR
Trustee or director
10$0
KYUNG RUN KIMDIRECTOR
Trustee or director
2$0
SUNG HEE KIMDIRECTOR
Trustee or director
2$0
JOUNG HAN LEEDIRECTOR
Trustee or director
2$0
JOUNG WON LEEDIRECTOR
Trustee or director
2$0
SEUNG HEUN LEEPRESIDENT/DI
Trustee or director, Officer
10$0
WARRINGTON PARKERV PRESIDENT/
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
ISABEL PASTOR GUZMANDIRECTOR/SEC
Trustee or director, Officer
40$36,000
JU EUN SHINDIRECTOR/TRE
Trustee or director, Officer
40$36,000
ANNE COVERTBOARD CHAIR
Trustee or director
5$0
COLLETTE HEMMINGSDIRECTOR
Trustee or director
10$0
KYUNG RUN KIMDIRECTOR
Trustee or director
2$0
SUNG HEE KIMDIRECTOR
Trustee or director
2$0
JOUNG HAN LEEDIRECTOR
Trustee or director
2$0
JOUNG WON LEEDIRECTOR
Trustee or director
2$0
SEUNG HEUN LEEPRESIDENT/DI
Trustee or director, Officer
10$0
WARRINGTON PARKERVICE PRESIDE
Trustee or director
5$0

Address and contacts

Address (IRS master file)
866 UNITED NATIONS PLZ RM 407, NEW YORK, NY 10017-1831
Principal officer (990 for 2024)
JU EUN SHIN, 866 UNITED NATIONS PLAZA STE 407, NEW YORK, NY 10017
Signed the 990
JU EUN SHIN, DIRECTOR/TREASURER
Phone
(212) 319-0848
Return prepared by
LK CPAS LLC

Mission

TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.

990 for the year ended December 31, 2024

Program accomplishments

  • BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.
    Expenses $187,723 · grants $20,000

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
26-2331802
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H48)
Assets (IRS master file)
$1,325,653
Income (IRS master file)
$255,669

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$255,669$298,567$1,325,653XML
990December 2023$262,136$300,556$1,271,414XML
990December 2022$405,337$301,952$1,363,386IRS
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 26-2331802).

Questions about IBREA FOUNDATION

What is the EIN of IBREA FOUNDATION?
The employer identification number (EIN) of IBREA FOUNDATION is 26-2331802.
Is IBREA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to IBREA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IBREA 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 IBREA 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 IBREA 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 IBREA FOUNDATION?
The 990 for the year ended December 31, 2024 names JU EUN SHIN.
Who are the officers and directors of IBREA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $36,000 (ISABEL PASTOR GUZMAN, DIRECTOR/SEC).
How much revenue does IBREA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $255,669, expenses of $298,567 and total assets of $1,325,653 at year end.

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