Nonprofit · EIN 33-0506936
TORRANCE EDUCATION FOUNDATION
Tax-exempt · TORRANCE, CA 90505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $821,716 | $743,560 | $78,156 | $2,016,108 | $271,837 | $1,744,271 |
| June 30, 2024 | 990 | $1,031,874 | $620,985 | $410,889 | $1,869,127 | $203,058 | $1,666,069 |
| June 30, 2023 | 990 | $848,755 | $712,862 | $135,893 | $1,594,093 | $337,491 | $1,256,602 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $133,195
- Program service revenue
- $286,417
- Investment income
- $6,635
- Net income from fundraising events
- $395,469
- Other revenue
- $395,469
Expenses
- Grants and similar amounts paid
- $303,669
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $244,970
- Salaries, compensation and benefits (total)
- $326,176
- Professional fundraising fees
- $0
- Accounting fees
- $10,675
- Occupancy
- $16,707
- Travel
- $2,889
- Program services (functional)
- $515,575
- Management and general (functional)
- $124,683
- Fundraising (functional)
- $103,302
Balance sheet and other
- Total assets, start of year
- $1,869,127
- Total assets, end of year
- $2,016,108
- Total liabilities, end of year
- $271,837
- Net assets, end of year
- $1,744,271
- Land, buildings and equipment
- $2,176
- Publicly traded securities
- $187,184
- Net assets without donor restrictions
- $1,591,501
- Net assets with donor restrictions
- $152,770
- Gross receipts
- $847,395
- Employees
- 28
- Volunteers
- 70
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK FUREY | President Trustee or director, Officer | 8 | $0 |
| EUNICE LEE | Treasurer Trustee or director, Officer | 10 | $0 |
| EMI MORIMOTO | Vice President Trustee or director, Officer | 8 | $0 |
| PATRICK LEFEVRE | Secretary Trustee or director, Officer | 8 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK FUREY | President Trustee or director, Officer | 8 | $0 |
| EUNICE LEE | Treasurer Trustee or director, Officer | 10 | $0 |
| EMI MORIMOTO | Vice President Trustee or director, Officer | 8 | $0 |
| PATRICK LEFEVRE | Secretary Trustee or director, Officer | 8 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK FUREY | President Trustee or director, Officer | 8 | $0 |
| EUNICE LEE | Treasurer Trustee or director, Officer | 10 | $0 |
| EMI MORIMOTO | Vice President Trustee or director, Officer | 8 | $0 |
| PATRICK LEFEVRE | Secretary Trustee or director, Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10280, TORRANCE, CA 90505-1180
- Signed the 990
- PAT FUREY, President
- Phone
- (310) 972-6970
- Return prepared by
- Charles McDonough Accountancy Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0506936 or by the name TORRANCE EDUCATION FOUNDATION.
- 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
THIS FOUNDATION IS SET UP TO PROVIDE FINANCIAL SUPPORT TO THE PUBLIC SCHOOLS IN THE TORRANCE UNIFIED SCHOOL DISTRICT IN ORDER TO PROVIDE A HIGH QUALITY OF PUBLIC EDUCATION.
Program accomplishments
- GRANTS GIVEN TO ENHANCE VARIOUS EDUCATIONAL PROGRAMS AT SCHOOLS IN THE TORRANCE UNIFIED SCHOOL DISTRICT.Expenses $299,419 · grants $299,419
- SUMMER SCHOOL EDUCATION TO GREATER THAN 300 STUDENTS AT ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL LEVEL.Expenses $211,906 · revenue $286,416
- SCHOLARSHIPS TO GRADUATING SENIORS IN THE TORRANCE UNIFIED SCHOOL DISTRICT.Expenses $4,250 · grants $4,250
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0506936
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90Z)
- Assets (IRS master file)
- $2,016,108
- Income (IRS master file)
- $847,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $821,716 | $743,560 | $2,016,108 | IRS |
| 990 | June 2024 | $1,031,874 | $620,985 | $1,869,127 | XML |
| 990 | June 2023 | $848,755 | $712,862 | $1,594,093 | XML |
| 990 | June 2022 | $847,115 | $754,879 | $1,509,178 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 33-0506936).
Questions about TORRANCE EDUCATION FOUNDATION
- What is the EIN of TORRANCE EDUCATION FOUNDATION?
- The employer identification number (EIN) of TORRANCE EDUCATION FOUNDATION is 33-0506936.
- Is TORRANCE EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to TORRANCE EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TORRANCE EDUCATION 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 TORRANCE EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TORRANCE EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of TORRANCE EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does TORRANCE EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $821,716, expenses of $743,560 and total assets of $2,016,108 at year end.
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