Nonprofit · EIN 47-5016243
READ TO ACHIEVE FOUNDATION
Tax-exempt · CUPERTINO, CA 95014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $59,824 | $59,667 | $157 | $1,101,379 | $18,382 | $1,082,997 |
| July 31, 2024 | 990-PF | $85,833 | $76,887 | $8,946 | $1,092,934 | $10,094 | $1,082,840 |
| July 31, 2023 | 990-PF | $178,930 | $66,765 | $112,165 | $1,083,040 | $9,146 | $1,073,894 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $34,995
- Dividends
- $22,289
- Interest
- $20
- Net gain from sales of assets
- $2,520
Expenses
- Grants and similar amounts paid
- $8,192
- Disbursements for charitable purposes
- $48,576
- Excise tax on investment income
- $336
Balance sheet and other
- Total assets, start of year
- $1,092,934
- Total assets, end of year
- $1,101,379
- Total liabilities, end of year
- $18,382
- Net assets, end of year
- $1,082,997
- Fair market value of assets
- $1,763,739
- Qualifying distributions
- $48,576
- Net investment income
- $24,829
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAN WAN LAI 10826 Brookwell Dr, Cupertino, CA 95014 | CEO | 2 | $0 |
| ADA HO-YING KWAN 10826 Brookwell Dr, Cupertino, CA 95014 | CFO | 2 | $0 |
990-PF for the year ended July 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAN WAN LAI 10826 Brookwell Dr, Cupertino, CA 95014 | CEO | 2 | $0 |
| ADA HO-YING KWAN 10826 Brookwell Dr, Cupertino, CA 95014 | CFO | 2 | $0 |
990-PF for the year ended July 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAN WAN LAI 10826 Brookwell Dr, Cupertino, CA 95014 | CEO | 2 | $0 |
| ADA HO-YING KWAN 10826 Brookwell Dr, Cupertino, CA 95014 | CFO | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 10826 BROOKWELL DR, CUPERTINO, CA 95014-4611
- In care of
- % ADA HO-YING KWAN
- Signed the 990-PF
- ADA HO-YING KWAN, CFO
- Phone
- (408) 242-2804
- Return prepared by
- Entholpy EMC Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 47-5016243 or by the name READ TO ACHIEVE 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)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 47-5016243
- 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
- 2015
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,101,379
- Income (IRS master file)
- $70,251
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $59,824 | $59,667 | $1,101,379 | XML |
| 990-PF | July 2024 | $85,833 | $76,887 | $1,092,934 | XML |
| 990-PF | July 2023 | $178,930 | $66,765 | $1,083,040 | XML |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 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 47-5016243).
Questions about READ TO ACHIEVE FOUNDATION
- What is the EIN of READ TO ACHIEVE FOUNDATION?
- The employer identification number (EIN) of READ TO ACHIEVE FOUNDATION is 47-5016243.
- Is READ TO ACHIEVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to READ TO ACHIEVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does READ TO ACHIEVE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of READ TO ACHIEVE FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READ TO ACHIEVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of READ TO ACHIEVE FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does READ TO ACHIEVE FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $59,824, expenses of $59,667 and total assets of $1,101,379 at year end.
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All nonprofits in CUPERTINO · California · Philanthropy, voluntarism and grantmaking foundations