Nonprofit · EIN 46-1628941
OTEFE FOUNDATION INC
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $331,848 | $360,379 | -$28,531 | $7,403,838 | $0 | $7,403,838 |
| December 31, 2023 | 990-PF | -$156,214 | $404,112 | -$560,326 | $7,212,894 | $0 | $7,212,894 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $145,964
- Interest
- $1
- Net gain from sales of assets
- $183,329
- Other income
- $2,554
Expenses
- Grants and similar amounts paid
- $315,700
- Disbursements for charitable purposes
- $340,723
- Excise tax on investment income
- $4,339
Balance sheet and other
- Total assets, start of year
- $7,212,894
- Total assets, end of year
- $7,403,838
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,403,838
- Fair market value of assets
- $7,403,838
- Qualifying distributions
- $340,723
- Net investment income
- $331,848
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD KIM 814 S SPRING ST, LOS ANGELES, CA 90014 | CFO | 10 | $0 |
| JOHN Y KIM 2600 MICHELSON DR STE 1700, IRVINE, CA 92612 | SECRETARY | 10 | $0 |
| ALEX KO 3450 WILSHIRE BLVD STE 108-10B, LOS ANGELES, CA 90010 | CEO | 10 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alex Ko 3450 Wilshire Blvd STE 108-10B, Los Angeles, CA 90010 | Chief Executive Officer | 0 | $0 |
| John Y Kim 2600 Michelson DR Ste 1700, Irvine, CA 92612 | Secretary | 0 | $0 |
| Richard Kim 814 S Spring St, Los Angeles, CA 90014 | Chief Financial Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3450 WILSHIRE BLVD STE 108 PMB 10B, LOS ANGELES, CA 90010-2200
- In care of
- % ALEX KO
- Signed the 990-PF
- ALEX KO, CEO
- Phone
- (877) 829-5500
- 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-1628941
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $7,403,838
- Income (IRS master file)
- $3,778,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | -$156,214 | $404,112 | $7,212,894 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
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 OTEFE FOUNDATION INC
- What is the EIN of OTEFE FOUNDATION INC?
- The employer identification number (EIN) of OTEFE FOUNDATION INC is 46-1628941.
- Is OTEFE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to OTEFE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OTEFE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OTEFE FOUNDATION 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 OTEFE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of OTEFE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does OTEFE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $331,848, expenses of $360,379 and total assets of $7,403,838 at year end.
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