Nonprofit · EIN 46-4240124
YL HEARTS INC
Tax-exempt · BROOKLYN, NY 11219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $820,408 | $531,967 | $288,441 | $329,436 | $0 | $329,436 |
| December 31, 2023 | 990 | $355,694 | $576,973 | -$221,279 | $0 | $0 | $0 |
| December 31, 2022 | 990 | $650,369 | $307,911 | $342,458 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $820,408
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,100
- Occupancy
- $56,756
- Program services (functional)
- $188,302
- Management and general (functional)
- $189,642
- Fundraising (functional)
- $154,023
Balance sheet and other
- Total assets, start of year
- $40,995
- Total assets, end of year
- $329,436
- Total liabilities, end of year
- $0
- Net assets, end of year
- $329,436
- Net assets without donor restrictions
- $329,436
- Gross receipts
- $820,408
- Employees
- 8
- Volunteers
- 4
- Year formed
- 2013
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Baruch U Elias | President Trustee or director | 0.5 | $0 |
| Aron Waks | Director Trustee or director | 0.5 | $0 |
| Chaya Waks | Secretary Trustee or director | 25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Baruch U Elias | President Trustee or director | 0.5 | $0 |
| Aron Waks | Director Trustee or director | 0.5 | $0 |
| Chaya Waks | Secretary Trustee or director | 25 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Baruch U Elias | President Trustee or director | 0.5 | $0 |
| Aron Waks | Director Trustee or director | 0.5 | $0 |
| Chaya Waks | Secretary Trustee or director | 25 | $0 |
Address and contacts
- Address (IRS master file)
- 958 45TH ST, BROOKLYN, NY 11219-1701
- Mailing address (990-N for 2014)
- 958 45th Street, Brooklyn NY 11219
- Principal officer (990 for 2024)
- Baruch U Elias, 5521 15TH AVENUE, Brooklyn, NY 11219
- Principal officer (990-N for 2014)
- BARUCH U ELIAS, 958 45 Street, Brooklyn NY 11219
- Signed the 990
- Baruch U Elias, Director
- Phone
- (718) 501-7537
- Website
- ylhearts.org
- Return prepared by
- Brachfeld CPA
Mission
To provide support of children and adults with congenital heart defects and related physical illnesses including providing support for families of such children.
Program accomplishments
- THE ORGANIZATION PROVIDES CHILDREN SUFFERING FROM HEART DEFECTS AND THEIR FAMILIES COMPREHENSIVE EMOTIONAL AND SOCIAL SUPPORT. THE ORGANIZATION ASSISTS PATIENTS IN THEIR DEALINGS WITH MEDICAL INSURANCE PROVIDERS.Expenses $188,302 · revenue $820,408
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4240124
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $329,436
- Income (IRS master file)
- $820,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $820,408 | $531,967 | $329,436 | XML |
| 990 | December 2023 | $355,694 | $576,973 | $0 | XML |
| 990 | December 2022 | $650,369 | $307,911 | $0 | XML |
| 990 | December 2021 | $606,009 | $175,973 | $0 | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: BARUCH U ELIAS | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-4240124).
Questions about YL HEARTS INC
- What is the EIN of YL HEARTS INC?
- The employer identification number (EIN) of YL HEARTS INC is 46-4240124.
- Is YL HEARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to YL HEARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YL HEARTS 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 YL HEARTS 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 YL HEARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of YL HEARTS INC?
- The 990 for the year ended December 31, 2024 names Baruch U Elias.
- Who are the officers and directors of YL HEARTS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does YL HEARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $820,408, expenses of $531,967 and total assets of $329,436 at year end.
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