Nonprofit · EIN 27-2523315
GSI FOUNDATION INC
Tax-exempt · SANTA MONICA, CA 90404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $488,377 | $212,194 | $276,183 | $307,617 | $3,971 | $303,646 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $233,107
- Program service revenue
- $0
- Investment income
- $5,270
- Net income from sales of inventory
- $250,000
- Other revenue
- $250,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $36,000
- Program services (functional)
- $212,194
Balance sheet and other
- Total assets, start of year
- $70,036
- Total assets, end of year
- $307,617
- Total liabilities, end of year
- $3,971
- Net assets, end of year
- $303,646
- Net assets without donor restrictions
- $303,646
- Gross receipts
- $488,377
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2011
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE LEON | PPRESIDENT Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1455 19TH ST, SANTA MONICA, CA 90404-2805
- In care of
- % GEORGE LEON
- Mailing address (990-N for 2022)
- 1455 19th St, Santa Monica CA 90404
- Principal officer (990 for 2024)
- George Leon, 1455 19th st, Santa Monica, CA 90404
- Principal officer (990-N for 2022)
- Alberto Chiappa, 1455 19th St, Santa Monica CA 90404
- Signed the 990
- GEORGE, LEON
- Phone
- (626) 482-3478
- Return prepared by
- Thornton & Associates
California records
California keeps its own records of charities and corporations. Search them by EIN 27-2523315 or by the name GSI FOUNDATION INC.
- 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)
Mission
Teaching music and donating music instruments to schools.
Program accomplishments
- TEACHING MUSICExpenses $212,194 · revenue $233,107
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 27-2523315
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $307,617
- Income (IRS master file)
- $488,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $488,377 | $212,194 | $307,617 | XML |
| 990-N for 2022 Officer: Alberto Chiappa | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Alberto Chiappa | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Timothy Miklaucic | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2016 Officer: George Leon | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-2523315).
Questions about GSI FOUNDATION INC
- What is the EIN of GSI FOUNDATION INC?
- The employer identification number (EIN) of GSI FOUNDATION INC is 27-2523315.
- Is GSI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to GSI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GSI FOUNDATION INC 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 GSI FOUNDATION INC 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 GSI FOUNDATION INC 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 GSI FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names George Leon.
- Who are the officers and directors of GSI FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does GSI FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $488,377, expenses of $212,194 and total assets of $307,617 at year end.
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