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Nonprofit · EIN 82-4131208

WE THE BEST FOUNDATION INC

Tax-exempt · NEW HYDE PARK, NY 11042

Financials

$189K$297K2022$812K$443K2023
Revenue Expenses · by fiscal year end
Financials of WE THE BEST FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$812,316$443,064$369,252$568,542$0$568,542
December 31, 2022990 (amended)$189,267$297,030-$107,763$241,592$42,302$199,290
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$812,316
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$58,950
Compensation of officers, directors and key employees
$0
Other salaries and wages
$165,314
Salaries, compensation and benefits (total)
$165,314
Professional fundraising fees
$0
Legal fees
$30,611
Travel
$4,577
Program services (functional)
$230,854
Management and general (functional)
$212,210

Balance sheet and other

Total assets, start of year
$241,592
Total assets, end of year
$568,542
Total liabilities, end of year
$0
Net assets, end of year
$568,542
Net assets without donor restrictions
$568,542
Gross receipts
$812,316
Employees
0
Volunteers
3
Year formed
2018
State of legal domicile
NY

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
NICOLE TUCKPresident
Trustee or director
3$0
KHALED M KHALEDPresident
Trustee or director
2$0
THEODOR SEDLMAYRDirector
Trustee or director
1$0
990 for the year ended December 31, 2022: 3 people
NameTitleHours / weekCompensation
NICOLE TUCKPresident
Trustee or director
3$0
KHALED M KHALEDPresident
Trustee or director
2$0
THEODOR SEDLMAYRDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3000 MARCUS AVE STE 3W4, NEW HYDE PARK, NY 11042-1009
Signed the 990
KHALED M KHALED, President
Phone
(516) 488-8400
Return prepared by
SECKENDORF HASSON REILLY AND KOBAY CPAS

Mission

THE FOUNDATION IS DEDICATED TO ENRICHING THE LIVES OF THE NEXT GENERATION - FROM CHILDHOOD TO ADULTHOOD. THE FOUNDATION SUPPORTS INDIVIDUALS AND ORGANIZATIONS IN UNDERSERVED COMMUNITIES IN EFFORTS THAT AID THEM IN BECOMING THE BEST VERSION OF THEMSELVES BY MAKING THEIR DREAMS COME TRUE.

990 for the year ended December 31, 2023

Program accomplishments

  • THE FOUNDATION HAS PROVIDED FUNDS AND SUPPORT TO ENRICH THE LIVES OF THE NEXT GENERATION IN UNDERSERVED COMMUNITIES.
    Expenses $230,854
  • THE FOUNDATION PROVIDED SUPPORT TO MEMBERS OF THE UNDERSERVED COMMUNITIES THRU RADIO PROMOTION GIVEAWAYS.

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4131208
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
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$568,542
Income (IRS master file)
$812,316

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$812,316$443,064$568,542XML
990December 2022$189,267$297,030$241,592XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 82-4131208).

Questions about WE THE BEST FOUNDATION INC

What is the EIN of WE THE BEST FOUNDATION INC?
The employer identification number (EIN) of WE THE BEST FOUNDATION INC is 82-4131208.
Is WE THE BEST FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to WE THE BEST FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WE THE BEST 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 WE THE BEST 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 WE THE BEST FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who are the officers and directors of WE THE BEST FOUNDATION INC?
The 990 for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does WE THE BEST FOUNDATION INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $812,316, expenses of $443,064 and total assets of $568,542 at year end.

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