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Nonprofit · EIN 68-0431078

ASC EDUCATIONAL FOUNDATION INC

Tax-exempt · SACRAMENTO, CA 95814

Financials

$123K$35K2023$118K$38K2024
Revenue Expenses · by fiscal year end
Financials of ASC EDUCATIONAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$118,169$37,945$80,224$630,665$0$630,665
December 31, 2023990$123,157$35,377$87,780$550,441$0$550,441
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$69,364
Program service revenue
$0
Investment income
$23,234
Net gain from sales of assets
$7,345
Other revenue
$25,571

Expenses

Grants and similar amounts paid
$17,500
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,250
Program services (functional)
$17,500
Management and general (functional)
$20,445

Balance sheet and other

Total assets, start of year
$550,441
Total assets, end of year
$630,665
Total liabilities, end of year
$0
Net assets, end of year
$630,665
Publicly traded securities
$535,591
Gross receipts
$160,193
Employees
0
Volunteers
10
Year formed
2000
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
RORY BALMERTrustee
Trustee or director
1$0
JOHN EPPSTEINChairman
Trustee or director, Officer
1$0
DAVID KUSAPresident
Trustee or director, Officer
1$0
RHONDA YOUNGTrustee
Trustee or director
1$0
LUKE MURRAYTrustee
Trustee or director
1$0
MIKE DELACRUZTrustee
Trustee or director
1$0
MAYLAN NEWTONTrustee
Trustee or director
1$0
ANGI ROBERTSTreasurer
Trustee or director, Officer
1$0
WENDY LUCKOSecretary
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
RORY BALMERTrustee
Trustee or director
1$0
JOHN EPPSTEINChairman
Trustee or director, Officer
1$0
DAVID KUSAPresident
Trustee or director, Officer
1$0
RHONDA YOUNGTrustee
Trustee or director
1$0
LUKE MURRAYTrustee
Trustee or director
1$0
MIKE DELACRUZTrustee
Trustee or director
1$0
MAYLAN NEWTONTrustee
Trustee or director, Officer
1$0
GENE MORRILLTrustee
Trustee or director
1$0
ANGI ROBERTSTreasurer
Trustee or director, Officer
1$0
WENDY LUCKOSecretary
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
1 CAPITOL MALL STE 800, SACRAMENTO, CA 95814-3274
Signed the 990
GLORIA PETERSON, Executive Dir.
Phone
(916) 444-3568
Return prepared by
JENKINS BOWLER LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 68-0431078 or by the name ASC EDUCATIONAL FOUNDATION INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

PROVIDING FINANCIAL SUPPORT TO STUDENTS IN PURSUIT OF AUTOMOTIVE REPAIR EDUCATIONAL GOALS.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATIONAL GRANTS FOR STUDY IN THE AUTOMOTIVE INDUSTRY
    Expenses $17,500 · grants $17,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
68-0431078
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$630,665
Income (IRS master file)
$160,193

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$118,169$37,945$630,665XML
990December 2023$123,157$35,377$550,441XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 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 68-0431078).

Questions about ASC EDUCATIONAL FOUNDATION INC

What is the EIN of ASC EDUCATIONAL FOUNDATION INC?
The employer identification number (EIN) of ASC EDUCATIONAL FOUNDATION INC is 68-0431078.
Is ASC EDUCATIONAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to ASC EDUCATIONAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASC EDUCATIONAL FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ASC EDUCATIONAL FOUNDATION INC 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 ASC EDUCATIONAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of ASC EDUCATIONAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does ASC EDUCATIONAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $118,169, expenses of $37,945 and total assets of $630,665 at year end.

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