Nonprofit · EIN 84-3154132
THE@CHILDRENS EDUCATION INITIATIVE
Tax-exempt · SAN DIEGO, CA 92121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,468,518 | $2,212,453 | $6,256,065 | $111,641,372 | $91,632 | $111,549,740 |
| December 31, 2023 | 990 | $4,782,386 | $1,347,430 | $3,434,956 | $105,675,647 | $8,705 | $105,666,942 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $8,368,518
- Net gain from sales of assets
- $2,464,282
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,597,738
- Other salaries and wages
- $261,088
- Salaries, compensation and benefits (total)
- $433,823
- Professional fundraising fees
- $0
- Legal fees
- $2,723
- Accounting fees
- $13,625
- Travel
- $77,510
- Program services (functional)
- $2,095,859
- Management and general (functional)
- $116,594
Balance sheet and other
- Total assets, start of year
- $105,675,647
- Total assets, end of year
- $111,641,372
- Total liabilities, end of year
- $91,632
- Net assets, end of year
- $111,549,740
- Publicly traded securities
- $7,190,329
- Net assets without donor restrictions
- $111,549,740
- Gross receipts
- $17,286,962
- Employees
- 2
- Volunteers
- 5
- Year formed
- 2019
- 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 | Other / benefits |
|---|---|---|---|---|
| AJ YATES | DIRECTOR, PROGRAMS Highest-paid employee | 40 | $303,121 | $69,113 |
| AARON DAVIS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CRAIG JOHNSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ANDREW MCDONALD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RODERICK WONG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KEVIN TANG | CEO, CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL HEARNE | CFO, TREASURER & SECRETARY Officer | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AJ YATES | DIRECTOR, PROGRAMS Highest-paid employee | 40 | $162,941 | $4,704 |
| AARON DAVIS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CRAIG JOHNSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ANDREW MCDONALD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RODERICK WONG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KEVIN TANG | CEO, CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL HEARNE | CFO, TREASURER & SECRETARY Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4747 EXECUTIVE DR STE 210, SAN DIEGO, CA 92121-3071
- In care of
- % MICHAEL HEARNE
- Principal officer (990 for 2024)
- MICHAEL HEARNE, 4747 EXECUTIVE DRIVE 210, SAN DIEGO, CA 92121
- Signed the 990
- MICHAEL HEARNE, CFO, TREASURER, & SECRETARY
- Phone
- (858) 200-3830
- Website
- WWW.TCEI.ORG
- Return prepared by
- WEAVER AND TIDWELL LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3154132 or by the name THE@CHILDRENS EDUCATION INITIATIVE.
- 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 CHILDREN'S EDUCATION INITIATIVE (TCEI) IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN.
Program accomplishments
- THE CHILDREN'S EDUCATION INITIATIVE (TCEI) PROVIDES FUNDS TO SELECTED PRIVATE SCHOOLS, WHICH ARE RECOGNIZED BY THE IRS AS TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR TUITION ASSISTANCE AND OTHER PROGRAMS FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN ACROSS THE U.S.Expenses $2,095,859 · grants $1,597,738
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
- 84-3154132
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $111,641,372
- Income (IRS master file)
- $17,286,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,468,518 | $2,212,453 | $111,641,372 | XML |
| 990 | December 2023 | $4,782,386 | $1,347,430 | $105,675,647 | XML |
| 990 | December 2022 | $5,401,108 | $43,309 | $105,424,764 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 84-3154132).
Questions about THE@CHILDRENS EDUCATION INITIATIVE
- What is the EIN of THE@CHILDRENS EDUCATION INITIATIVE?
- The employer identification number (EIN) of THE@CHILDRENS EDUCATION INITIATIVE is 84-3154132.
- Is THE@CHILDRENS EDUCATION INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to THE@CHILDRENS EDUCATION INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE@CHILDRENS EDUCATION INITIATIVE 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 THE@CHILDRENS EDUCATION INITIATIVE 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 THE@CHILDRENS EDUCATION INITIATIVE 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 THE@CHILDRENS EDUCATION INITIATIVE?
- The 990 for the year ended December 31, 2024 names MICHAEL HEARNE.
- Who are the officers and directors of THE@CHILDRENS EDUCATION INITIATIVE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $303,121 (AJ YATES, DIRECTOR, PROGRAMS).
- How much revenue does THE@CHILDRENS EDUCATION INITIATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,468,518, expenses of $2,212,453 and total assets of $111,641,372 at year end.
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