Nonprofit · EIN 84-3914782
X245 FOUNDATION
Tax-exempt · PALO ALTO, CA 94306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,123,242 | $19,507 | $2,103,735 | $8,243,777 | $1,208,393 | $7,035,384 |
| December 31, 2024 | 990 | $847,276 | $19,933 | $827,343 | $5,407,802 | $476,153 | $4,931,649 |
| December 31, 2023 | 990 | $325,281 | $42,008 | $283,273 | $4,403,668 | $362,634 | $4,041,034 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,080,347
- Program service revenue
- $0
- Investment income
- $48,781
- Net rental income
- -$5,886
- Net gain from sales of assets
- -$638
- Other revenue
- -$5,886
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $80
- Occupancy
- $8,351
- Depreciation
- $6,568
- Program services (functional)
- $14,919
- Management and general (functional)
- $4,588
Balance sheet and other
- Total assets, start of year
- $5,407,802
- Total assets, end of year
- $8,243,777
- Total liabilities, end of year
- $1,208,393
- Net assets, end of year
- $7,035,384
- Land, buildings and equipment
- $4,656,541
- Publicly traded securities
- $9,926
- Net assets without donor restrictions
- $7,035,384
- Gross receipts
- $3,355,760
- Employees
- 0
- Volunteers
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY YAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| WEITING TANG | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT T CLARKSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DARYL SID | OPERATIONS Trustee or director | 2 | $0 |
| PETER MONACO | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY YAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| WEITING TANG | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT T CLARKSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DARYL SID | OPERATIONS Trustee or director | 2 | $0 |
| PETER MONACO | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY YAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CHRISTINE KURIHARA | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT T CLARKSON | TREASURER Trustee or director, Officer | 2 | $0 |
| DARYL SID | OPERATIONS Trustee or director | 2 | $0 |
| PETER MONACO | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3505 MIDDLEFIELD RD, PALO ALTO, CA 94306-3632
- In care of
- % JERRY YAN
- Principal officer (990 for 2025)
- Jerry Yan, 3505 MIDDLEFIELD RD, PALO ALTO, CA 94306
- Signed the 990
- Weiting Tang, Secretary
- Phone
- (650) 494-3840
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3914782 or by the name X245 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
TO ADDRESS THE NEGATIVE IMPACT THAT HIGH HOUSING COST IN THE BAY AREA HAS ON THE ABILITY OF PENINSULA BIBLE CHURCH PBC TO RECRUIT AND RETAIN PASTORAL STAFF. TO PROVIDE ASSISTANCE AND SUPPORT TO PBC PASTORS FOR HOUSING.
Program accomplishments
- TO PROVIDE ASSISTANCE AND SUPPORT TO PENINSULA BIBLE CHURCH PASTORS FOR HOUSING.Expenses $14,919
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 | 990 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
- 84-3914782
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X11)
- Assets (IRS master file)
- $8,243,777
- Income (IRS master file)
- $3,355,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,123,242 | $19,507 | $8,243,777 | IRS |
| 990 | December 2024 | $847,276 | $19,933 | $5,407,802 | IRS |
| 990 | December 2023 | $325,281 | $42,008 | $4,403,668 | XML |
| 990 | December 2022 | $778,948 | $12,883 | $3,761,452 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 84-3914782).
Questions about X245 FOUNDATION
- What is the EIN of X245 FOUNDATION?
- The employer identification number (EIN) of X245 FOUNDATION is 84-3914782.
- Is X245 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to X245 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does X245 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 X245 FOUNDATION 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 X245 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of X245 FOUNDATION?
- The 990 for the year ended December 31, 2025 names Jerry Yan.
- Who are the officers and directors of X245 FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does X245 FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,123,242, expenses of $19,507 and total assets of $8,243,777 at year end.
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