Nonprofit · EIN 83-1252143
SHAMBHALA LEARNING CENTER INC
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $574,349 | $428,168 | $146,181 | $278,060 | $0 | $278,060 |
| December 31, 2024 | 990-PF | $406,807 | $388,439 | $18,368 | $131,879 | $0 | $131,879 |
| December 31, 2023 | 990-PF | $415,488 | $415,846 | -$358 | $113,511 | $0 | $113,511 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $415,751
- Other income
- $158,598
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $189,639
- Disbursements for charitable purposes
- $342,778
Balance sheet and other
- Total assets, start of year
- $131,879
- Total assets, end of year
- $278,060
- Total liabilities, end of year
- $0
- Net assets, end of year
- $278,060
- Fair market value of assets
- $278,060
- Qualifying distributions
- $342,778
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUNG WOOK YANG 1245 CANDLEWOOD DR, FULLERTON, CA 92833 | DIRECTOR, VICE PRESIDENT | 40 | $171,269 | $18,370 |
| DR LUCINDA MARY MCDERMOTT 603 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, PRESIDENT | 10 | $0 | $0 |
| T DERRICK MERCURIO 625 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, SECRETARY, TREASURER | 2 | $0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUNG WOOK YANG 1245 CANDLEWOOD DR, FULLERTON, CA 92833 | DIRECTOR, VICE PRESIDENT | 40 | $155,787 | $17,282 |
| DR LUCINDA MARY MCDERMOTT 603 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, PRESIDENT | 10 | $0 | $0 |
| T DERRICK MERCURIO 625 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, SECRETARY, TREASURER | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUNG WOOK YANG 1245 CANDLEWOOD DR, FULLERTON, CA 92833 | DIRECTOR, VICE PRESIDENT | 40 | $218,074 |
| DR LUCINDA MARY MCDERMOTT 603 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, PRESIDENT | 10 | $0 |
| T DERRICK MERCURIO 625 VISTA BONITA, NEWPORT BEACH, CA 92660 | DIRECTOR, SECRETARY, TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 603 VISTA BONITA, NEWPORT BEACH, CA 92660-4574
- Signed the 990-PF
- DR LUCINDA MARY MCDERMOTT, DIRECTOR, PRESIDENT
- Phone
- (949) 290-4688
- Return prepared by
- WINDES INC
California records
California keeps its own records of charities and corporations. Search them by EIN 83-1252143 or by the name SHAMBHALA LEARNING CENTER INC.
- 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)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-1252143
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $278,060
- Income (IRS master file)
- $574,349
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $574,349 | $428,168 | $278,060 | XML |
| 990-PF | December 2024 | $406,807 | $388,439 | $131,879 | XML |
| 990-PF | December 2023 | $415,488 | $415,846 | $113,511 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 83-1252143).
Questions about SHAMBHALA LEARNING CENTER INC
- What is the EIN of SHAMBHALA LEARNING CENTER INC?
- The employer identification number (EIN) of SHAMBHALA LEARNING CENTER INC is 83-1252143.
- Is SHAMBHALA LEARNING CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to SHAMBHALA LEARNING CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does SHAMBHALA LEARNING CENTER INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHAMBHALA LEARNING CENTER INC 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 SHAMBHALA LEARNING CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SHAMBHALA LEARNING CENTER INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $171,269 (SUNG WOOK YANG, DIRECTOR, VICE PRESIDENT).
- How much revenue does SHAMBHALA LEARNING CENTER INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $574,349, expenses of $428,168 and total assets of $278,060 at year end.
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