Nonprofit · EIN 46-4677182
YS FOUNDATION
Tax-exempt (reinstated) · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,817 | $10,450 | $5,367 | $16,988 | $0 | $16,988 |
| December 31, 2024 | 990 | $11,858 | $6,253 | $5,605 | $11,621 | $0 | $11,621 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $15,817
- Program service revenue
- $0
- 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 fundraising fees
- $0
- Accounting fees
- $1,500
- Program services (functional)
- $8,895
- Management and general (functional)
- $1,555
Balance sheet and other
- Total assets, start of year
- $11,621
- Total assets, end of year
- $16,988
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,988
- Land, buildings and equipment
- $539
- Gross receipts
- $15,817
- Employees
- 0
- Year formed
- 2014
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YELI BAE | DIRECTOR Trustee or director | 10 | $0 |
| ANDREW PARK | DIRECTOR Trustee or director | 10 | $0 |
| REBECCA LEE | DIRECTOR Trustee or director | 10 | $0 |
| SHARON YOO | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YELI BAE | DIRECTOR Trustee or director | 10 | $0 |
| ANDREW PARK | DIRECTOR Trustee or director | 10 | $0 |
| REBECCA LEE | DIRECTOR Trustee or director | 10 | $0 |
| SHARON YOO | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3731 WILSHIRE BLVD STE 512, LOS ANGELES, CA 90010-2823
- In care of
- % YELI BAE
- Principal officer (990 for 2025)
- YELI BAE, 4950 WILSHIRE BL, LOS ANGELES, CA 90010
- Signed the 990
- YELI BAE, DIRECTOR
- Phone
- (323) 889-9900
- Website
- HEARTSHARECLUB.ORG
- Return prepared by
- DALE KIM CPA A PROFESSIONAL CORPORATION
California records
California keeps its own records of charities and corporations. Search them by EIN 46-4677182 or by the name YS 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
Provide community activities in the world of art for elders and/or disableed, or anyone in need, to provide the youth with an opportunity and develop teamwork, character and community spirit.
Program accomplishments
- HEART SHARE CLUB - PROVIDE TEACHING ART TO LESS FORTUNATE YOUTH, PAINTING FREE FOR PEOPLE IN NEED, PAINT MURAL , VISING SENIOR HOME CARE FACILITIES TO INTERACT WITH RETIRED SENIORS.
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 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
- 46-4677182
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $16,988
- Income (IRS master file)
- $15,817
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,817 | $10,450 | $16,988 | XML |
| 990 | December 2024 | $11,858 | $6,253 | $11,621 | XML |
| 990 | December 2023 | $3,857 | $8,436 | $6,016 | 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 46-4677182).
Questions about YS FOUNDATION
- What is the EIN of YS FOUNDATION?
- The employer identification number (EIN) of YS FOUNDATION is 46-4677182.
- Is YS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to YS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YS FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of YS 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 YS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of YS FOUNDATION?
- The 990 for the year ended December 31, 2025 names YELI BAE.
- Who are the officers and directors of YS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does YS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,817, expenses of $10,450 and total assets of $16,988 at year end.
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All nonprofits in LOS ANGELES · California · Arts, culture and humanities