Nonprofit · EIN 27-5424402
BENEFIT TOMORROW
Tax-exempt · SAN JOSE, CA 95129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $282,353 | $135,545 | $146,808 | $632,538 | $0 | $632,538 |
| December 31, 2023 | 990 | $174,147 | $102,753 | $71,394 | $485,730 | $0 | $485,730 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $249,303
- Program service revenue
- $0
- Investment income
- $33,050
- Net gain from sales of assets
- $9,460
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $95,830
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,000
- Program services (functional)
- $127,806
- Management and general (functional)
- $5,025
- Fundraising (functional)
- $2,714
Balance sheet and other
- Total assets, start of year
- $485,730
- Total assets, end of year
- $632,538
- Total liabilities, end of year
- $0
- Net assets, end of year
- $632,538
- Net assets without donor restrictions
- $632,538
- Gross receipts
- $390,348
- Employees
- 0
- Volunteers
- 20
- 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 |
|---|---|---|---|
| TIANA CHU | CFO Officer | 10 | $0 |
| GRACE C CHEN | Secretary Officer | 10 | $0 |
| JESSIE KIM | CEO Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIANA CHU | CFO Officer | 10 | $0 |
| GRACE C CHEN | Secretary Officer | 10 | $0 |
| JESSIE KIM | CEO Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1012 TULIPAN DR, SAN JOSE, CA 95129-3047
- Mailing address (990-N for 2015)
- 1000 Avondale St, San Jose CA 95129
- Principal officer (990-N for 2015)
- Grace Chen, 1012 Tulipan Dr, San Jose CA 95129
- Signed the 990
- JESSIE KIM, CEO
- Return prepared by
- VSR ACCOUNTANCY CORP CPAS
Mission
Our goal is to encourage teenagers to actively participate in school clubs, get involved in community service, promote their leadership potential, organizational ability, teamwork ability, charity concern, social consciousness, technology innovation, interests in arts/sports/sciences, and attention to environmental issues. Our mission is to create healthier environment and provide better opportunities for our next generation, enhance their skills and competitiveness.
Program accomplishments
- To encourage teenagers to actively participate in school clubs, get involved in community service, promote their leadership potential, organizational ability, teamwork ability, charity concern, social consciousness, technology innovation, interests in arts/sports/sciences, and attention to environmental issues. To create healthier environment and provide better opportunities for our next generation, enhance their skills and competitiveness.Expenses $127,806 · grants $249,303
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 | 990 on file |
IRS record
- EIN
- 27-5424402
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $632,538
- Income (IRS master file)
- $390,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $174,147 | $102,753 | $485,730 | IRS |
| 990 | December 2022 | $69,096 | $86,547 | $414,336 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Grace Chen | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 BENEFIT TOMORROW
- What is the EIN of BENEFIT TOMORROW?
- The employer identification number (EIN) of BENEFIT TOMORROW is 27-5424402.
- Is BENEFIT TOMORROW tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BENEFIT TOMORROW tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BENEFIT TOMORROW 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 BENEFIT TOMORROW 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 BENEFIT TOMORROW 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 BENEFIT TOMORROW?
- The 990-N for 2015 names Grace Chen.
- Who are the officers and directors of BENEFIT TOMORROW?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BENEFIT TOMORROW have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $282,353, expenses of $135,545 and total assets of $632,538 at year end.
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