Nonprofit · EIN 84-4969549
TERASAKI INNOVATION CENTER INC
Tax-exempt · GLENDALE, CA 91203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,018,898 | $1,354,302 | -$335,404 | $5,793,758 | $611,081 | $5,182,677 |
| December 31, 2024 | 990-PF | $953,497 | $1,309,324 | -$355,827 | $5,859,662 | $341,581 | $5,518,081 |
| December 31, 2023 | 990-PF | $906,490 | $1,109,375 | -$202,885 | $6,086,868 | $212,960 | $5,873,908 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $519,996
- Dividends
- $168,571
- Interest
- $355
- Net gain from sales of assets
- $119,976
- Other income
- $210,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $168,087
- Salaries, compensation and benefits (total)
- $560,291
- Disbursements for charitable purposes
- $93,281
- Excise tax on investment income
- $3,675
Balance sheet and other
- Total assets, start of year
- $5,859,662
- Total assets, end of year
- $5,793,758
- Total liabilities, end of year
- $611,081
- Net assets, end of year
- $5,182,677
- Fair market value of assets
- $5,793,758
- Qualifying distributions
- $93,281
- Net investment income
- $288,902
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 |
|---|---|---|---|---|
| RICARDO ORDONEZ 655 N CENTRAL AVE SUITE 1722, GLENDALE, CA 91203 | PRESIDENT | 20 | $0 | $168,087 |
| DR JAR HOW LEE 3072 MCCONNELL DRIVE, LOS ANGELES, CA 90064 | TREASURER | 20 | $0 | $0 |
| DR MAYRA LOPEZ-CEPERO 9661 DELANEY CREEK BLVD, TAMPA, FL 33619 | SECRETARY | 0.5 | $0 | $0 |
| DR MARK TERASAKI 23 CONCORD STREET, WEST HARTFORD, CT 06119 | CHAIRMAN OF THE BOARD | 0.5 | $0 | $0 |
| DR PETER NICKERSON 753 MCDERMOT AVENUE, WINNIPEG, MANITOBA R3E OT6, CA | BOARD MEMBER | 0.5 | $0 | $0 |
| DR ROBERT BRAY 1364 CLIFTON ROAD, ATLANTA, GA 30322 | BOARD MEMBER | 0.5 | $0 | $0 |
| DR CATHI MURPHEY 7238 PIMLICO LANE, FAIR OAKS RANCH, TX 78015 | BOARD MEMBER | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICARDO ORDONEZ 655 N CENTRAL AVE SUITE 1722, GLENDALE, CA 91203 | PRESIDENT | 20 | $0 | $152,807 |
| DR JAR HOW LEE 3072 MCCONNELL DRIVE, LOS ANGELES, CA 90064 | TREASURER | 20 | $0 | $0 |
| DR MAYRA LOPEZ-CEPERO 9661 DELANEY CREEK BLVD, TAMPA, FL 33619 | SECRETARY | 0.5 | $0 | $0 |
| DR MARK TERASAKI 23 CONCORD STREET, WEST HARTFORD, CT 06119 | CHAIRMAN OF THE BOARD | 0.5 | $0 | $0 |
| DR PETER NICKERSON 753 MCDERMOT AVENUE, WINNIPEG, MANITOBA R3E OT6, CA | BOARD MEMBER | 0.5 | $0 | $0 |
| DR ROBERT BRAY 1364 CLIFTON ROAD, ATLANTA, GA 30322 | BOARD MEMBER | 0.5 | $0 | $0 |
| DR CATHI MURPHEY 7238 PIMLICO LANE, FAIR OAKS RANCH, TX 78015 | BOARD MEMBER | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICARDO ORDONEZ 655 N CENTRAL AVE SUITE 1722, GLENDALE, CA 91203 | PRESIDENT | 20 | $0 | $143,915 |
| DR JAR HOW LEE 3072 MCCONNELL DRIVE, LOS ANGELES, CA 90064 | TREASURER | 20 | $0 | $0 |
| DR MAYRA LOPEZ-CEPERO 9661 DELANEY CREEK BLVD, TAMPA, FL 33619 | SECRETARY | 0.5 | $0 | $0 |
| DR MARK TERASAKI 23 CONCORD STREET, WEST HARTFORD, CT 06119 | CHAIRMAN OF THE BOARD | 0.5 | $0 | $0 |
| DR PETER NICKERSON 753 MCDERMOT AVENUE, WINNIPEG, MANITOBA R3E OT6, CA | BOARD MEMBER | 0.5 | $0 | $0 |
| DR ROBERT BRAY 1364 CLIFTON ROAD, ATLANTA, GA 30322 | BOARD MEMBER | 0.5 | $0 | $0 |
| DR CATHI MURPHEY 7238 PIMLICO LANE, FAIR OAKS RANCH, TX 78015 | BOARD MEMBER | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 655 N CENTRAL AVE UNIT 1722, GLENDALE, CA 91203-1422
- Signed the 990-PF
- RICARDO ORDONEZ, PRESIDENT
- Phone
- (818) 649-7782
- Website
- WWW.TICTX.ORG
- Return prepared by
- ROSE SNYDER & JACOBS LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-4969549 or by the name TERASAKI INNOVATION 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
- 84-4969549
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Medical research (H90)
- Assets (IRS master file)
- $5,793,758
- Income (IRS master file)
- $1,117,289
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,018,898 | $1,354,302 | $5,793,758 | IRS |
| 990-PF | December 2024 | $953,497 | $1,309,324 | $5,859,662 | XML |
| 990-PF | December 2023 | $906,490 | $1,109,375 | $6,086,868 | 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 84-4969549).
Questions about TERASAKI INNOVATION CENTER INC
- What is the EIN of TERASAKI INNOVATION CENTER INC?
- The employer identification number (EIN) of TERASAKI INNOVATION CENTER INC is 84-4969549.
- Is TERASAKI INNOVATION CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to TERASAKI INNOVATION CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does TERASAKI INNOVATION CENTER INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TERASAKI INNOVATION 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 TERASAKI INNOVATION 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 TERASAKI INNOVATION CENTER INC?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does TERASAKI INNOVATION CENTER INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,018,898, expenses of $1,354,302 and total assets of $5,793,758 at year end.
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