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Nonprofit · EIN 85-2565918

AKERS & AKERS FOUNDATION INC

Tax-exempt · VAN NUYS, CA 91405

Financials

$84K$79K2023
Revenue Expenses · by fiscal year end
Financials of AKERS & AKERS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$84,060$78,637$5,423$6,225–$6,225
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$84,060

Expenses

Grants and similar amounts paid
$75,026
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$3,282
Other expenses
$329
Program services (functional)
$78,637

Balance sheet and other

Total assets, start of year
$802
Total assets, end of year
$6,225
Total liabilities, end of year
–
Net assets, end of year
$6,225
Cash, savings and investments
$6,225
Gross receipts
$84,060

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
ZERINA AKERSPRESIDENT5$0
ZERINA SPALDINGSECRETARY2$0
DANIELLE SIMMSTREASURER2$0

Address and contacts

Address (IRS master file)
13815 VALERIO ST, VAN NUYS, CA 91405-2605
Mailing address (990-N for 2020)
5617 Hollywood Blvd Ste 117, Los Angeles CA 90028
Principal officer (990-N for 2020)
Zerina Akers, 5617 Hollywood Blvd ste 117, Los Angeles CA 90028
Signed the 990-EZ
ZERINA AKERS, PRESIDENT
Phone
(240) 304-8591
Return prepared by
PSK LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 85-2565918 or by the name AKERS & AKERS FOUNDATION INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO EDUCATE YOUNG AFRICAN AMERICAN CURRENT AND FUTURE ENTREPRENEURS TO GROW AND RUN SUSTAINABLE AND REPUTABLE BUSINESSES. WE TEACH THE PRINCIPLE OF DEVELOPING A LIFESTYLE OF ENTREPRENEURSHIP WITHOUT HAVING TO RELY ON THE STRUCTURE OF CORPORATE AMERICA. FURTHERMORE, WE BELIEVE IN FINANCIAL INDEPENDENCE; A FREEDOM THAT CAN CHANGE CYCLIC PATTERNS OF POVERTY. OUR MOTTO AS AN ORGANIZATION IS TO SUPPORT THE ENDEAVORS OF OUR RECIPIENTS ALONG WITH CELEBRATING EACH OF THEIR MILESTONES AS THEY JOURNEY THROUGH THE ROAD TO ENTREPRENEURSHIP.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • TO PROVIDE RESOURCES TO DEVELOP ENTREPRENEUR & FINANCE LITERACY PROGRAMS, TECH EDUCATION, AND BUSINESS DEVELOPMENT.
    Expenses $78,637 · grants $75,026

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for AKERS & AKERS FOUNDATION INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-2565918
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$6,225
Income (IRS master file)
$84,060

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$84,060$78,637$6,225XML
990December 2022$66,700$127,891$802IRS
990December 2021–––IRS
990-N for 2020
Officer: Zerina Akers
December 31, 2020≤ $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 85-2565918).

Questions about AKERS & AKERS FOUNDATION INC

What is the EIN of AKERS & AKERS FOUNDATION INC?
The employer identification number (EIN) of AKERS & AKERS FOUNDATION INC is 85-2565918.
Is AKERS & AKERS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to AKERS & AKERS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AKERS & AKERS FOUNDATION INC 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 AKERS & AKERS FOUNDATION INC 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 AKERS & AKERS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who is the principal officer of AKERS & AKERS FOUNDATION INC?
The 990-N for 2020 names Zerina Akers.
Who are the officers and directors of AKERS & AKERS FOUNDATION INC?
The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does AKERS & AKERS FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $84,060, expenses of $78,637 and total assets of $6,225 at year end.

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