Nonprofit · EIN 81-3490443
KHYC FOUNDATION
Tax-exempt · REDONDO BEACH, CA 90277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $34,108 | $35,984 | -$1,876 | $8,628 | $2,162 | $6,466 |
| December 31, 2024 | 990-EZ | $61,122 | $59,550 | $1,572 | $8,342 | $0 | $8,342 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $29,229
- Program service revenue
- $0
- Investment income
- $2
- Net income from fundraising events
- $4,877
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $5,984
- Program services (functional)
- $1,945
Balance sheet and other
- Total assets, start of year
- $9,090
- Total assets, end of year
- $8,628
- Total liabilities, end of year
- $2,162
- Net assets, end of year
- $6,466
- Cash, savings and investments
- $8,628
- Gross receipts
- $48,751
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kari Keidser | PresidentDirector | 1 | $0 |
| Janine Thompson | SecretaryDirector | 1 | $0 |
| Lee Coller | TreasurerDirector | 1 | $0 |
| Patricia Light | Director | 1 | $0 |
| Tracey McMartin | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kari Keidser | PresidentDirector | 1 | $0 |
| Janine Thompson | SecretaryDirector | 2 | $0 |
| Lee Coller | TreasurerDirector | 2 | $0 |
| Patricia Light | Director | 4 | $0 |
| Tracey McMartin | Director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 280 YACHT CLUB WAY, REDONDO BEACH, CA 90277-2049
- Mailing address (990-N for 2023)
- 280 Yacht Club Way, Redondo Beach CA 90277
- Principal officer (990-N for 2023)
- Kari Keidser, 280 Yacht Club Way, Redondo Beach CA 90277
- Signed the 990-EZ
- Lee D Coller, Treasurer
- Phone
- (000) 000-0000
California records
California keeps its own records of charities and corporations. Search them by EIN 81-3490443 or by the name KHYC 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 specific purpose of the Corporation shall be primarily to support and encourage boating and access to the ocean and ocean related sports and other nonprofit organizations that organize encourage and sponsor yachting and yacht racing in and about the waters of Southern California and secondarily to support other charitable endeavors This purpose will be accomplished by organizing and hosting charity events specifically including but not limited to the annual King Harbor Yacht Club Holiday Boat Parade charity event to raise funds to be directed towards charitable endeavors This corporation may also carry out other charitable and educational activities associated with these goals as allowed by law
Program accomplishments
- Tom Collier Regatta for Hope - Supporting Cancer Research at the Cedars Sinai Medical CenterExpenses $1,945 · grants $30,000
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 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 81-3490443
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $8,628
- Income (IRS master file)
- $48,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $34,108 | $35,984 | $8,628 | IRS |
| 990-EZ | December 2024 | $61,122 | $59,550 | $8,342 | IRS |
| 990-N for 2023 Officer: Kari Keidser | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Kari Keidser | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kari Keidser | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Kari Keidser | December 31, 2019 | ≤ $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 81-3490443).
Questions about KHYC FOUNDATION
- What is the EIN of KHYC FOUNDATION?
- The employer identification number (EIN) of KHYC FOUNDATION is 81-3490443.
- Is KHYC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to KHYC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KHYC FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KHYC FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KHYC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of KHYC FOUNDATION?
- The 990-N for 2023 names Kari Keidser.
- Who are the officers and directors of KHYC FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does KHYC FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $34,108, expenses of $35,984 and total assets of $8,628 at year end.
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