Nonprofit · EIN 36-4710533
NEW LIFE FOUNDATION
Tax-exempt · DERWOOD, MD 20855
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $39,894 | $46,708 | -$6,814 | $43,557 | $0 | $43,557 |
| December 31, 2024 | 990-EZ | $91,344 | $95,266 | -$3,922 | $50,371 | $0 | $50,371 |
| December 31, 2023 | 990-EZ | $113,927 | $135,356 | -$21,429 | $54,293 | $0 | $54,293 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $35,894
- Program service revenue
- $4,000
- 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)
- $0
- Professional fees and payments to contractors
- $21,665
- Occupancy
- $8,250
- Printing, publications and postage
- $13,793
- Other expenses
- $3,000
- Program services (functional)
- $24,665
Balance sheet and other
- Total assets, start of year
- $50,371
- Total assets, end of year
- $43,557
- Total liabilities, end of year
- $0
- Net assets, end of year
- $43,557
- Cash, savings and investments
- $43,557
- Gross receipts
- $39,894
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Cho | President | 20 | $0 |
| Hyewon Yoon | Director | 10 | $0 |
| Jenny Wang | Treasurer | 10 | $0 |
| Steve Tae | Executive Director | 10 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Cho | President | 20 | $0 |
| Hyewon Yoon | Director | 10 | $0 |
| Jenny Wang | Treasurer | 10 | $0 |
| Steve Tae | Executive Director | 10 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Cho | President | 20 | $0 |
| Hyewon Yoon | Director | 10 | $0 |
| Jenny Wang | Treasurer | 10 | $0 |
| Steve Tae | Executive Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5839, DERWOOD, MD 20855-0839
- In care of
- % MICHELLE S CHO
- Signed the 990-EZ
- Michelle Cho, President
- Phone
- (240) 277-8728
- Website
- www.newlifemusic.org
Mission
New Life Foundation is organized, and shall be operated exclusively, for charitable and educational purposes (as such terms are defined in section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code (the "Code")), including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Code. The purposes for which the corporation is formed are as follows: (i) providing music instruction to underprivileged children with musical talent; (ii) providing young, classically trained musicians with opportunities to express their talents by performing Christian orchestral music; and (iii) enabling students to share their love of music by performing in orphanages and other public venues both in their local communities and abroad.
Program accomplishments
- Provided online rehearsals and lessonsExpenses $12,665
- Tuition support for underprivileged studentsExpenses $9,000
- Sponsor tuition support and meal support for underprivileged kidsExpenses $3,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 36-4710533
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $43,557
- Income (IRS master file)
- $39,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $39,894 | $46,708 | $43,557 | IRS |
| 990-EZ | December 2024 | $91,344 | $95,266 | $50,371 | IRS |
| 990-EZ | December 2023 | $113,927 | $135,356 | $54,293 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 36-4710533).
Questions about NEW LIFE FOUNDATION
- What is the EIN of NEW LIFE FOUNDATION?
- The employer identification number (EIN) of NEW LIFE FOUNDATION is 36-4710533.
- Is NEW LIFE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NEW LIFE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LIFE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEW LIFE 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 NEW LIFE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of NEW LIFE FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does NEW LIFE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $39,894, expenses of $46,708 and total assets of $43,557 at year end.
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