Nonprofit · EIN 33-1760642
SOLUM FOUNDATION
Tax-exempt · TORRANCE, CA 90501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $120,000 | $161,882 | -$41,882 | $18,118 | $0 | $18,118 |
| December 31, 2024 | 990-PF | $68,170 | $8,170 | $60,000 | $60,000 | $0 | $60,000 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $120,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $122,077
Balance sheet and other
- Total assets, start of year
- $60,000
- Total assets, end of year
- $18,118
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,118
- Fair market value of assets
- $18,118
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA YOON 21281 S WESTERN AVE, TORRANCE, CA 90275 | CEO | 20 | $122,077 |
| PATRICK HONG 21281 S WESTERN AVE, TORRANCE, CA 90275 | SECRETARY | 15 | $0 |
| DONG KOO KIM 21281 S WESTERN AVE, TORRANCE, CA 90275 | CFO | 10 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA YOON 21281 S WESTERN AVE, TORRANCE, CA 90275 | CEO | 15 | $0 |
| PATRICK HONG 21281 S WESTERN AVE, TORRANCE, CA 90275 | SECRETARY | 15 | $0 |
| DONG KOO KIM 21281 S WESTERN AVE, TORRANCE, CA 90275 | CFO | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 21281 S WESTERN AVE, TORRANCE, CA 90501-2958
- Signed the 990-PF
- PATRICK HONG, SECRETARY
- Phone
- (213) 712-3033
- Return prepared by
- CHOI HONG LEE & KANG LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | No data |
IRS record
- EIN
- 33-1760642
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $18,118
- Income (IRS master file)
- $120,000
Filing history
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 SOLUM FOUNDATION
- What is the EIN of SOLUM FOUNDATION?
- The employer identification number (EIN) of SOLUM FOUNDATION is 33-1760642.
- Is SOLUM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to SOLUM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SOLUM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SOLUM FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOLUM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SOLUM FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $122,077 (LISA YOON, CEO).
- How much revenue does SOLUM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $120,000, expenses of $161,882 and total assets of $18,118 at year end.
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