Nonprofit · EIN 61-1544897
THE FREGENET FOUNDATION
Tax-exempt · LOS ANGELES, CA 90015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $29,914 | $33,639 | -$3,725 | $57,866 | $0 | $57,866 |
| June 30, 2024 | 990 | $30,874 | $52,838 | -$21,964 | $61,591 | $0 | $61,591 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $29,914
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $33,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $33,000
- Management and general (functional)
- $639
Balance sheet and other
- Total assets, start of year
- $61,591
- Total assets, end of year
- $57,866
- Total liabilities, end of year
- $0
- Net assets, end of year
- $57,866
- Net assets without donor restrictions
- $57,866
- Gross receipts
- $29,914
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2004
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Asrat | Board of Director, Financial Officer Trustee or director, Officer | 5 | $0 |
| Shimelis B Gulema | Board Director, Secretary of the Board Trustee or director, Officer | 5 | $0 |
| Abdi Sherif Dr | Board Director & Fundraising Committee Officer | 5 | $0 |
| Tafesse Woubseht | Board Director, President Officer | 20 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Asrat | Board of Director, Financial Officer Trustee or director, Officer | 5 | $0 |
| Abdi Sherif Dr | Director & Fundraising Committee Trustee or director | 5 | $0 |
| Shimelis B Gulema | Director Visibility and PR Committee Trustee or director | 5 | $0 |
| Tafesse Woubseht | Board Director, President Trustee or director, Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 901 S FLOWER ST UNIT 411, LOS ANGELES, CA 90015-2297
- In care of
- % TAFESSE WOUBSHET
- Mailing address (990-N for 2007)
- 123 South Figueroa Street 1533, Los Angeles CA 90012
- Principal officer (990 for 2024)
- Elizabeth Asrat, 901 South Flower Street, Unit 411, Los Angeles, CA 90015
- Principal officer (990-N for 2007)
- Elizabeth Asrat, 123 South Figueroa Street 1533, Los Angeles CA 90012
- Signed the 990
- ELIZABETH ASRAT, Financial Officer
- Phone
- (310) 977-7382
- Website
- www.fregenetfoundation.org
California records
California keeps its own records of charities and corporations. Search them by EIN 61-1544897 or by the name THE FREGENET 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
The Foundation is dedicated to creating educational opportunities for impoverished children in Ethiopia. The Foundation provides high quality early education as a means to overcome poverty, reduce gender inequality and more to disadvantaged children. The Fregenet Foundation set out to provide this by building schools that have lower teacher / student ratio (2 to 30) and provides everything for free (meals, uniform, books, education), including a free pre-Kindergarten and Kindergarten program.
Program accomplishments
- The Fregenet Foundation is a non-profit corporation that provides early childhood education to children from low-income families in Ethiopia. The first Fregenet School (Fregenet KidanLehitsanat) opened its doors in Addis Ababa, Ethiopia, in the fall of 2004 and enrolled 31 children ages 4 to 6 from a small and impoverished community in Addis Ababa. The vision for the school was inspired by Fregenet Tafesse Woubshet, an Ethiopian-American who died in 2003 before she could realize her dream of returning to Ethiopia to help children. Thanks to generous benefactors, in the school's 21 years of operation, the number of students served has grown to over 560. About the School: Many students are from single-parent households, while others are from families of unemployed parents or precariously employed families. Students are selected in a fair manner and in accordance with the nondiscrimination policy of the Foundation and the School. Some of the students, if not all, may not have had the opportunity to go to school had it not been for the Foundation. The school currently supports 90 students. There are three classes for the Kindergarten, or "KG." KG 1: These are the youngest children, ages 3 to 4, in their first months at a teaching establishment. KG 2: These students have completed one year of KG and can identify letters and numbers and think in logical patterns. KG 3: Students in KG 3 are 5 to 6 years old and are developing reading and writing skills in Amharic (the national language of Ethiopia) and English. Lessons are given in accordance with the curriculum required by the Federal Ministry of Education. The textbooks used are also those prepared and approved by the relevant educational authorities of the country. All students receive education at no charge. School uniforms and school supplies are also distributed to each student at no cost to their families.Expenses $13,000 · revenue $30,874
- The Fregenet Foundation's mission includes building schools that maintain smaller teacher-to-student ratios (2 to 30) and provide free education through Pre-Kindergarten and Kindergarten programs. Project 1: Bishoftu Elementary School Construction. The Foundation's first project focused on establishing a model school, Fregenet Dembi Elementary School, on a 12,000-square-meter plot in Bishoftu. Completed in 2022, the school features seven classrooms, each accommodating 30 students, covering levels from Preschool and Kindergarten 1-3 through Grades 1-4. Additional facilities include a library, computer lab, cafeteria, and clinic, addressing both the educational and social needs of local children. Fregenet Dembi Elementary School opened its doors to its first students in September 2022, reinforcing the Foundation's commitment to advancing education for Ethiopian children. Project #2: Addis Ababa Elementary School Construction. The second initiative, Fregenet Elementary School in Addis Ababa, expands educational opportunities for children from underprivileged communities. The school is being built on land provided free of charge by the Addis Ababa City Administration. Like the Bishoftu school, it will include seven classrooms with a capacity of 30 students each, serving Preschool, Kindergarten 1-3, and Grades 1-4. Planned facilities include a library, computer lab, cafeteria, and clinic. In January 2023, construction of a permanent fence was completed. To meet immediate needs, the Foundation, working with local stakeholders and partners, also built a temporary structure on the site. This facility, which will serve for the next five years, accommodates students from the former Fregenet Kidan Lehetsanat School, ensuring uninterrupted learning while the permanent school is under construction. The temporary classrooms, kitchen, teachers' rooms, play area, and other related facilities have now been completed.Expenses $20,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1544897
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $57,866
- Income (IRS master file)
- $29,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $29,914 | $33,639 | $57,866 | XML |
| 990 | June 2024 | $30,874 | $52,838 | $61,591 | XML |
| 990 | June 2023 | $35,687 | $41,188 | $83,555 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2007 Officer: Elizabeth Asrat | December 31, 2007 | ≤ $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 61-1544897).
Questions about THE FREGENET FOUNDATION
- What is the EIN of THE FREGENET FOUNDATION?
- The employer identification number (EIN) of THE FREGENET FOUNDATION is 61-1544897.
- Is THE FREGENET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to THE FREGENET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FREGENET FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE FREGENET FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FREGENET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE FREGENET FOUNDATION?
- The 990 for the year ended June 30, 2025 names Elizabeth Asrat.
- Who are the officers and directors of THE FREGENET FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE FREGENET FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $29,914, expenses of $33,639 and total assets of $57,866 at year end.
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