Nonprofit · EIN 83-1210964
YOUTHFUL SAVINGS FOUNDATION
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $93,177 | $49,206 | $43,971 | $663,551 | $0 | $663,551 |
| December 31, 2023 | 990 (amended) | $612,639 | $28,059 | $584,580 | $619,580 | $0 | $619,580 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $93,177
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,952
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $23,780
- Travel
- $6,227
- Program services (functional)
- $38,156
- Management and general (functional)
- $11,050
Balance sheet and other
- Total assets, start of year
- $619,580
- Total assets, end of year
- $663,551
- Total liabilities, end of year
- $0
- Net assets, end of year
- $663,551
- Net assets without donor restrictions
- $643,551
- Net assets with donor restrictions
- $20,000
- Gross receipts
- $93,177
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2018
- 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 |
|---|---|---|---|
| KIRAN BALA | PRESIDENT Trustee or director, Officer | 4 | $0 |
| ROGER SANDERS | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| SOMYA MUNJAL | SECRETARY AND TREASURER Trustee or director, Officer | 28 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kiran Bala | President Officer | 0 | $3 |
| Roger Sanders | Vice President Officer | 0 | $2 |
| Somya Munjal | Secretary and Treasurer Officer | 0 | $1 |
Address and contacts
- Address (IRS master file)
- 447 BROADWAY FL 2 PMB 803, NEW YORK, NY 10013-2562
- Mailing address (990-N for 2023)
- 2219 MAIN STREET STE 338, SANTA MONICA CA 90405
- Principal officer (990 for 2024)
- SOMYA R MUNJAL, 447 BROADWAY FLR 2 - STE 803, NEW YORK, NY 10013
- Principal officer (990-N for 2023)
- Michael Durant, 1315 Inwood Avenue 520454, Bronx NY 10452
- Signed the 990
- SOMYA R MUNJAL, TREASURER
- Phone
- (929) 274-0086
- Return prepared by
- AEQUITAS TAX
Mission
WE PROVIDE EDUCATIONAL SERVICES AND GRANTS TO YOUTH. THROUGH OUR EDUCATION AND GRANTS, YOUTH ARE ABLE TO EXPERIENCE SOCIOECONOMIC EMPOWERMENT.
Program accomplishments
- EDUCATION IS THE EXCEPTION, SO THE EXPENSES ARE RELATED TO PROVIDING GRANTS TO YOUTH FOR BUSINESSES. WE GIVE CAPITAL IN THE FORM OF GRANTS AND PROVIDE EDUCATION ON HOW BEST TO USE THE GRANTS.Expenses $38,156 · grants $2,952
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-N on file |
IRS record
- EIN
- 83-1210964
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $663,551
- Income (IRS master file)
- $93,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $93,177 | $49,206 | $663,551 | XML |
| 990-N for 2023 Officer: Michael Durant | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $612,639 | $28,059 | $619,580 | XML |
| 990-N for 2021 Officer: MICHAEL R DURANT | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Kiran Munjal | 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 83-1210964).
Questions about YOUTHFUL SAVINGS FOUNDATION
- What is the EIN of YOUTHFUL SAVINGS FOUNDATION?
- The employer identification number (EIN) of YOUTHFUL SAVINGS FOUNDATION is 83-1210964.
- Is YOUTHFUL SAVINGS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to YOUTHFUL SAVINGS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUTHFUL SAVINGS FOUNDATION 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 YOUTHFUL SAVINGS FOUNDATION 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 YOUTHFUL SAVINGS FOUNDATION 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 YOUTHFUL SAVINGS FOUNDATION?
- The 990 for the year ended December 31, 2024 names SOMYA R MUNJAL.
- Who are the officers and directors of YOUTHFUL SAVINGS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does YOUTHFUL SAVINGS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $93,177, expenses of $49,206 and total assets of $663,551 at year end.
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