Nonprofit · EIN 82-2751572
INSTITUTE FOR NEXT GENERATIONS
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2022 | 990 | $368,942 | $382,710 | -$13,768 | $103,582 | $123,000 | -$19,418 |
Financial details: 990 for the year ended December 31, 2022
Revenue
- Contributions, gifts and grants
- $368,942
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $31,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $30,689
- Travel
- $5,530
- Program services (functional)
- $31,500
- Management and general (functional)
- $351,210
Balance sheet and other
- Total assets, start of year
- $117,350
- Total assets, end of year
- $103,582
- Total liabilities, end of year
- $123,000
- Net assets, end of year
- -$19,418
- Net assets without donor restrictions
- -$19,418
- Gross receipts
- $368,942
- Employees
- 0
- Year formed
- 2017
- 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, 2022, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IN KYU LEE | PRESIDENT Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 3055 WILSHIRE BLVD STE 480, LOS ANGELES, CA 90010-1147
- In care of
- % IN KYU LEE
- Principal officer (990 for 2022)
- IN KYU LEE, 3055 WILSHIRE BLVD Ste 480, LOS ANGELES, CA 90010
- Signed the 990
- IN KYU LEE, PRESIDENT
- Phone
- (213) 718-1512
- 990-N for 2017 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: In Kyu Lee, 240 S Westlake Ave, 404, Los Angeles CA 90057. Mailing address: 240 S WESTLAKE AVE 404, Los Angeles CA 90057. Website: www.kr.christianitydaily.com
- Return prepared by
- WON HA TAX AND ACCOUNTING
California records
California keeps its own records of charities and corporations. Search them by EIN 82-2751572 or by the name INSTITUTE FOR NEXT GENERATIONS.
- 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
PROMOTE CHRISTIAN FAITH AND LEADERSHIP
Program accomplishments
- PROMOTE CHRISTIAN FAITH AND LEADERSHIPExpenses $382,710 · grants $31,500 · revenue $368,942
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | Not on file |
At risk of automatic revocation
None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.
IRS record
- EIN
- 82-2751572
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $103,582
- Income (IRS master file)
- $368,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2022 | $368,942 | $382,710 | $103,582 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: In Kyu Lee Filed under this EIN, most likely by a chapter or affiliate | December 31, 2017 | ≤ $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 82-2751572).
Questions about INSTITUTE FOR NEXT GENERATIONS
- What is the EIN of INSTITUTE FOR NEXT GENERATIONS?
- The employer identification number (EIN) of INSTITUTE FOR NEXT GENERATIONS is 82-2751572.
- Is INSTITUTE FOR NEXT GENERATIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to INSTITUTE FOR NEXT GENERATIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR NEXT GENERATIONS 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 NEXT GENERATIONS 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 NEXT GENERATIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2022.
- Who is the principal officer of INSTITUTE FOR NEXT GENERATIONS?
- The 990 for the year ended December 31, 2022 names IN KYU LEE.
- Who are the officers and directors of INSTITUTE FOR NEXT GENERATIONS?
- The 990 for the year ended December 31, 2022 lists 1 person; 0 received compensation from the organization.
- How much revenue does INSTITUTE FOR NEXT GENERATIONS have?
- On its 990 for the year ended December 31, 2022 it reported revenue of $368,942, expenses of $382,710 and total assets of $103,582 at year end.
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