Nonprofit · EIN 30-0767505
FAVELA PROJECT INC
Tax-exempt (reinstated) · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $114,945 | $114,487 | $458 | $556 | $0 | $556 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $114,945
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $44,000
- Professional fees and payments to contractors
- $2,700
- Occupancy
- $13,800
- Other expenses
- $53,987
- Program services (functional)
- $114,487
Balance sheet and other
- Total assets, start of year
- $98
- Total assets, end of year
- $556
- Total liabilities, end of year
- $0
- Net assets, end of year
- $556
- Cash, savings and investments
- $556
- Gross receipts
- $114,945
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wilson Egidio | Founder and President | 5 | $0 |
| Kiyoko Fuchimoto | Treasurer | 2 | $0 |
| Raymond Bonhomme | Secretary | 1 | $0 |
| Alex Klotman | Marketing Director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 310 W 47TH ST APT 6K, NEW YORK, NY 10036-3108
- In care of
- % WILSON EGIDIO
- Mailing address (990-N for 2019)
- 310 west 47th street apt 6K, new york NY 10036
- Principal officer (990-N for 2019)
- Wilson Egidio, 310 west 47th street apt 6k, new york NY 10036
- Signed the 990-EZ
- Kiyoko Fuchimoto, Treasurer
- Phone
- (917) 846-1052
Mission
The Favela Project Inc. was established to help improve the lives of children in underserved communities through soccer-related activities. We currently have soccer training programs for children (running multiple weekly practices that are led by a professional soccer club and participating various tournaments.) as well as provideing meals, homework assistance, after school activities, and a place to live (dormitory) if necessary. We are a very small organization and entirely rely on donations to run these programs. We continue to help these communities with the donations we receive. The exempt status will enable us to reach out to more children in need.
Program accomplishments
- Soccer Training Program - Favela Project assists talented soccer players in underserved communities to develop skills by running multiple sessions on a weekly basis, and participate in various soccer tournaments that can potentially lead to signing contracts with professional teams.Expenses $32,807 · grants $33,000
- Dormitory Program - Favela Project provides the players in underserved communities with a place to live if necessary. They offer meals, temporary houseing, and afer school activities such as homework assistance and games in a safe environment to keep them off the street.Expenses $81,680 · grants $81,000
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | No data |
IRS record
- EIN
- 30-0767505
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N64)
- Assets (IRS master file)
- $556
- Income (IRS master file)
- $114,945
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $114,945 | $114,487 | $556 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Wilson Egidio | December 31, 2019 | ≤ $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 FAVELA PROJECT INC
- What is the EIN of FAVELA PROJECT INC?
- The employer identification number (EIN) of FAVELA PROJECT INC is 30-0767505.
- Is FAVELA PROJECT INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to FAVELA PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAVELA PROJECT 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 FAVELA PROJECT 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 FAVELA PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of FAVELA PROJECT INC?
- The 990-N for 2019 names Wilson Egidio.
- Who are the officers and directors of FAVELA PROJECT INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FAVELA PROJECT INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $114,945, expenses of $114,487 and total assets of $556 at year end.
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