Nonprofit · EIN 83-2224841
THINKWATTS FOUNDATION
Tax-exempt · LOS ANGELES, CA 90002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,507,090 | $1,165,592 | $341,498 | $851,620 | $9,723 | $841,897 |
| December 31, 2023 | 990 (amended) | $1,066,397 | $1,017,684 | $48,713 | $500,399 | $0 | $500,399 |
| December 31, 2022 | 990 | $930,043 | $642,127 | $287,916 | $451,686 | $0 | $451,686 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,464,751
- Program service revenue
- $42,339
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $298,634
- Other salaries and wages
- $103,283
- Salaries, compensation and benefits (total)
- $415,177
- Professional fundraising fees
- $0
- Legal fees
- $2,767
- Accounting fees
- $18,000
- Travel
- $163,198
- Depreciation
- $8,188
- Program services (functional)
- $904,679
- Management and general (functional)
- $231,050
- Fundraising (functional)
- $29,863
Balance sheet and other
- Total assets, start of year
- $500,399
- Total assets, end of year
- $851,620
- Total liabilities, end of year
- $9,723
- Net assets, end of year
- $841,897
- Land, buildings and equipment
- $10,775
- Gross unrelated business income
- $42,339
- Gross receipts
- $1,507,090
- Employees
- 0
- Volunteers
- 0
- 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 |
|---|---|---|---|
| BRANDON SALAAM-BAILEY | CEO AND CORPORATE SECRETARY Trustee or director, Officer | 40 | $238,634 |
| FELICIA USHER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 40 | $60,000 |
| KEENAN TOWNS | BOARD CHAIR Trustee or director | 1 | $0 |
| LEANDRO TYBERG | SECRETARY Trustee or director | 1 | $0 |
| EMADA TINGIRIDES | VICE CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON SALAAM-BAILEY | CEO AND CORPORATE SECRETAR Trustee or director, Officer | 40 | $203,089 |
| FELICIA USHER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 40 | $60,000 |
| KEENAN TOWNS | BOARD CHAIR Trustee or director | 1 | $0 |
| LEANDRO TYBERG | SECRETARY Trustee or director | 1 | $0 |
| EMADA TINGIRIDES | VICE CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON SALAAM-BAILEY | CEO AND CORPORATE SECRETAR Trustee or director, Officer | 40 | $81,910 |
| FELICIA USHER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 40 | $15,000 |
Address and contacts
- Address (IRS master file)
- 1225 E 100TH ST, LOS ANGELES, CA 90002-2824
- In care of
- % BRANDON SALAAM BAILEY
- Principal officer (990 for 2024)
- BRANDON SALAAM-BAILEY, 1225 E 100TH ST, LOS ANGELES, CA 900022824
- Signed the 990
- BRANDON SALAAM-BAILEY, PRESIDENT
- Phone
- (310) 756-9619
- Website
- WWW.THINKWATTSFOUNDATION.ORG
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: BRANDON SALAAM-BAILEY, 1225 E 100TH ST, LOS ANGELES CA 900022824. Mailing address: 1225 E 100TH ST, LOS ANGELES CA 900022824.
- Return prepared by
- TOPLINE BUSINESS MANAGEMENT LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 83-2224841 or by the name THINKWATTS 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 PRIMARY FOCUS ON COMMUNITY GRASSROOTS ACTIVATIONS ALONG WITH DEVELOPING FINANCIAL LITERACY PROGRAMS, PROGRAM DEVELOPMENT, LOCAL REFURBISHMENTS, TOOLS, EQUIPMENT, AND SUPPLIES FOR STUDENTS, CUSTOM CONTAINER HOUSING SOLUTIONS, AND CHARITABLE FUNDRAISING THROUGH ENTERTAINMENT INDUSTRY EFFORTS.
Program accomplishments
- WE PROVIDE LOCAL REFURBISHMENTS, TOOLS, EQUIPMENT, AND SUPPLIES FOR STUDENTS. WHILE ALSO PROVIDING FOOD THROUGH FOOD DRIVES.Expenses $904,679
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 on file |
IRS record
- EIN
- 83-2224841
- 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)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $851,620
- Income (IRS master file)
- $1,507,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,507,090 | $1,165,592 | $851,620 | IRS |
| 990 | December 2023 | $1,066,397 | $1,017,684 | $500,399 | XML |
| 990 | December 2022 | $930,043 | $642,127 | $451,686 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: BRANDON SALAAM-BAILEY Filed under this EIN, most likely by a chapter or affiliate | December 31, 2018 | ≤ $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 83-2224841).
Questions about THINKWATTS FOUNDATION
- What is the EIN of THINKWATTS FOUNDATION?
- The employer identification number (EIN) of THINKWATTS FOUNDATION is 83-2224841.
- Is THINKWATTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THINKWATTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THINKWATTS 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 THINKWATTS 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 THINKWATTS 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 THINKWATTS FOUNDATION?
- The 990 for the year ended December 31, 2024 names BRANDON SALAAM-BAILEY.
- Who are the officers and directors of THINKWATTS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $238,634 (BRANDON SALAAM-BAILEY, CEO AND CORPORATE SECRETARY).
- How much revenue does THINKWATTS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,507,090, expenses of $1,165,592 and total assets of $851,620 at year end.
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