Nonprofit · EIN 72-1585854
INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS
Tax-exempt · LOS ANGELES, CA 90017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,468,485 | $1,371,867 | $96,618 | $218,046 | $0 | $218,046 |
| December 31, 2023 | 990 | $935,807 | $1,004,219 | -$68,412 | $121,428 | $0 | $121,428 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,001,388
- Program service revenue
- $467,097
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,067,135
- Compensation of officers, directors and key employees
- $241,612
- Salaries, compensation and benefits (total)
- $264,863
- Professional fundraising fees
- $0
- Legal fees
- $494
- Occupancy
- $6,733
- Travel
- $3,569
- Program services (functional)
- $1,067,135
- Management and general (functional)
- $304,732
Balance sheet and other
- Total assets, start of year
- $121,428
- Total assets, end of year
- $218,046
- Total liabilities, end of year
- $0
- Net assets, end of year
- $218,046
- Net assets without donor restrictions
- $218,046
- Gross receipts
- $1,468,485
- Employees
- 8
- Volunteers
- 500
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Newton Lee | President Trustee or director, Officer | 20 | $0 |
| Elizabeth Grigoryeva | Secretary Officer | 8 | $0 |
| Marcela Melnic | Treasurer Officer | 8 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Newton Lee | President Trustee or director, Officer | 20 | $0 |
| Elizabeth Grigoryeva | Secretary Officer | 5 | $0 |
| Marcela Melnic | Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 811 W 7TH ST STE 1200, LOS ANGELES, CA 90017-3423
- In care of
- % NEWTON LEE
- Mailing address (990-N for 2014)
- 10209 Tujunga Canyon Blvd 207, Tujunga CA 91043
- Principal officer (990 for 2024)
- Newton Lee, 811 West 7th St Suite 1200, Los Angeles, CA 90017
- Principal officer (990-N for 2014)
- Newton Lee, 10209 Tujunga Canyon Blvd 207, Tujunga CA 91043
- Signed the 990
- Newton Lee, CEO
- Phone
- (323) 825-2637
- Website
- www.ifers.org
California records
California keeps its own records of charities and corporations. Search them by EIN 72-1585854 or by the name INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS.
- 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
Established in 2004, the Institute for Education, Research, and Scholarships (IFERS) is an award-winning California-based 501(c)(3) nonprofit public charity organization dedicated to improving society by conducting scientific and social research as well as being a fiscal sponsor for more than 150 humanitarian projects. We believe in changing the world for the better through education, research, and scholarships. Our ultimate goal is to create a better world with lasting peace, prosperity, and universal rights for all.
Program accomplishments
- Scientific research projects include but are not limited to archaeology, artificial intelligence, autism, climate change, computers in arts/sciences/music/medicine, counterterrorism, crypto, cybersecurity, edutainment, environment protection, human longevity, international peace, men's health, mental health, pediatrics, robotics, social media, and women's health.Expenses $402,496 · revenue $549,889
- Educational programs include but are not limited to after-school programs, autism, book publishing, career development, edutainment, homeschooling, internship/traineeship, libraries, men's health, mental health, museums, music, scientific conferences, student scholarship, teachers support, and women's health.Expenses $328,090 · revenue $533,698
- Child and youth services include but are not limited to after-school programs, child safety, clean water, foster care, nutrition, parental support, pediatrics, refugees, school lunches, and youth sports.Expenses $336,549 · revenue $384,898
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1585854
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $218,046
- Income (IRS master file)
- $1,468,485
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,468,485 | $1,371,867 | $218,046 | XML |
| 990 | December 2023 | $935,807 | $1,004,219 | $121,428 | XML |
| 990 | December 2022 | $903,394 | $919,588 | $189,840 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2014 Officer: Newton Lee | December 31, 2014 | ≤ $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 72-1585854).
Questions about INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS
- What is the EIN of INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS?
- The employer identification number (EIN) of INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS is 72-1585854.
- Is INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS 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 INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS 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 INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS?
- The 990 for the year ended December 31, 2024 names Newton Lee.
- Who are the officers and directors of INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE FOR EDUCATION RESEARCH & SCHOLARSHIPS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,468,485, expenses of $1,371,867 and total assets of $218,046 at year end.
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