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Nonprofit · EIN 55-0883567

KAY FAMILY FOUNDATION

Tax-exempt · WILMINGTON, DE 19809

Financials

$1.1M$657K2023$938K$571K2024
Revenue Expenses · by fiscal year end
Financials of KAY FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$937,897$571,329$366,568$15,547,546$0$15,547,546
December 31, 2023990-PF$1,058,924$656,667$402,257$15,233,466$225,000$15,008,466
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$351,260
Interest
$62,637
Net gain from sales of assets
$447,587
Other income
$76,413

Expenses

Grants and similar amounts paid
$321,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$421,234
Excise tax on investment income
$10,230

Balance sheet and other

Total assets, start of year
$15,233,466
Total assets, end of year
$15,547,546
Total liabilities, end of year
$0
Net assets, end of year
$15,547,546
Fair market value of assets
$16,000,269
Qualifying distributions
$421,234
Net investment income
$863,421

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.

NameTitleHours / weekCompensation
Eleanor Kay
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec, Dir1$0
Elim Kay
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres10$0
Ethan Kay
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Treas, Dir1$0
Timothy Tang
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
STEEVE KAY
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR/CHAIR5$0
HELEN KAY
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR/VICE-CHAIR4$0
ETHAN KAY
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR/TREASURER4$0
ELEANOR KAY
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR/SECRETARY4$0
ELIM KAY
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR25$0
TIMOTHY TANG
16381 SCIENTIFIC WAY NO 812, IRVINE, CA 92618
DIRECTOR1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Elim Kay, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
55-0883567
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
2005
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$15,547,546
Income (IRS master file)
$47,694,632

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$937,897$571,329$15,547,546XML
990-PFDecember 2023$1,058,924$656,667$15,233,466XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 55-0883567).

Questions about KAY FAMILY FOUNDATION

What is the EIN of KAY FAMILY FOUNDATION?
The employer identification number (EIN) of KAY FAMILY FOUNDATION is 55-0883567.
Is KAY FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to KAY FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KAY FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of KAY FAMILY FOUNDATION 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 KAY FAMILY FOUNDATION 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 KAY FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does KAY FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $937,897, expenses of $571,329 and total assets of $15,547,546 at year end.

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