Nonprofit · EIN 56-2628813
J YANG & FAMILY FOUNDATION
Tax-exempt · TORRANCE, CA 90501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $6,447,868 | $2,450,429 | $3,997,439 | $58,676,202 | $77,839 | $58,598,363 |
| December 31, 2023 | 990-PF (amended) | $1,618,130 | $2,050,498 | -$432,368 | $54,630,816 | $29,892 | $54,600,924 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $576,906
- Interest
- $1,656,853
- Net gain from sales of assets
- $3,717,284
- Other income
- $496,825
Expenses
- Grants and similar amounts paid
- $1,997,300
- Salaries, compensation and benefits (total)
- $120,000
- Disbursements for charitable purposes
- $2,150,231
- Excise tax on investment income
- $82,717
Balance sheet and other
- Total assets, start of year
- $54,630,816
- Total assets, end of year
- $58,676,202
- Total liabilities, end of year
- $77,839
- Net assets, end of year
- $58,598,363
- Fair market value of assets
- $61,125,521
- Qualifying distributions
- $2,150,231
- Net investment income
- $5,951,043
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 |
|---|---|---|---|
| Jackson Yang 2005 Via Acalones, P V E, CA 90274 | President & CEO | 0 | $0 |
| Julie Yang 2005 Via Acalones, P V E, CA 90274 | Vice President | 0 | $0 |
| Peter Yang 17 Country Lane, R H E, CA 90274 | Treasurer | 0 | $0 |
| Jennifer Yang 2005 Via Acalones, P V E, CA 90274 | Chairman | 40 | $0 |
| Frank Yang 6847 Alta Vista Dr, R P V, CA 90275 | Director | 0 | $0 |
| Linda Yang 1007 So Euclid Ave, Pasadena, CA 91106 | Director | 0 | $0 |
| Jimmy Yang 2005 Via Acalones, P V E, CA 90274 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jackson Yang 2005 Via Acalones, P V E, CA 90274 | President & CEO | 0 | $0 |
| Julie Yang 2005 Via Acalones, P V E, CA 90274 | Vice President | 0 | $0 |
| Peter Yang 17 Country Lane, R H E, CA 90274 | Treasurer | 0 | $0 |
| Jennifer Yang 2005 Via Acalones, P V E, CA 90274 | Chairman | 40 | $0 |
| Frank Yang 6847 Alta Vista Dr, R P V, CA 90275 | Director | 0 | $0 |
| Linda Yang 1007 So Euclid Ave, Pasadena, CA 91106 | Director | 0 | $0 |
| Jimmy Yang 2005 Via Acalones, P V E, CA 90274 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 19401 HARBORGATE WAY, TORRANCE, CA 90501-1322
- In care of
- % JACKSON YANG
- Signed the 990-PF
- Jackson Yang, President & CEO
- Phone
- (310) 533-3800
- Return prepared by
- C Jim Chen Accountancy Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 56-2628813 or by the name J YANG & FAMILY 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 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
- 56-2628813
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $58,676,202
- Income (IRS master file)
- $12,703,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $6,447,868 | $2,450,429 | $58,676,202 | XML |
| 990-PF | December 2023 | $1,618,130 | $2,050,498 | $54,630,816 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 56-2628813).
Questions about J YANG & FAMILY FOUNDATION
- What is the EIN of J YANG & FAMILY FOUNDATION?
- The employer identification number (EIN) of J YANG & FAMILY FOUNDATION is 56-2628813.
- Is J YANG & FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to J YANG & FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J YANG & FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J YANG & 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 J YANG & 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 J YANG & FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does J YANG & FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,447,868, expenses of $2,450,429 and total assets of $58,676,202 at year end.
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