Nonprofit · EIN 85-3256055
FUTURE WAVE FOUNDATION
Tax-exempt · REDONDO BEACH, CA 90277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $232,887 | $139,355 | $93,532 | $1,918,036 | $2,285 | $1,915,751 |
| December 31, 2023 | 990-PF | $134,548 | $314,189 | -$179,641 | $1,824,504 | $2,285 | $1,822,219 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $200,000
- Other income
- $142
Expenses
- Grants and similar amounts paid
- $14,739
- Compensation of officers, directors and key employees
- $31,500
- Salaries, compensation and benefits (total)
- $26,250
Balance sheet and other
- Total assets, start of year
- $1,824,504
- Total assets, end of year
- $1,918,036
- Total liabilities, end of year
- $2,285
- Net assets, end of year
- $1,915,751
- Fair market value of assets
- $1,918,036
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRABJOTH K KOTHARI 507 S HELBERTA AVE, REDONDO BEACH, CA 90277 | PRESIDENT | 10 | $31,500 |
| AMI RUIA 507 S HELBERTA AVE, REDONDO BEACH, CA 90277 | SECRETARY | 0.5 | $0 |
| PRABJOTH K KOTHARI 507 S HELBERTA AVE, REDONDO BEACH, CA 90277 | C.F.O. | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRABJOTH KOTHARI 507 S HELBERTA AVE, REDONDO BEACH, CA 90277 | PRESIDENT | 0.5 | $26,250 |
Address and contacts
- Address (IRS master file)
- 507 S HELBERTA AVE, REDONDO BEACH, CA 90277-4354
- Signed the 990-PF
- PRABJOTH K KOTHARI, PRESIDENT
- Phone
- (484) 744-1067
- Return prepared by
- BW CPA GROUP INC
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 | Not 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
- 85-3256055
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $1,918,036
- Income (IRS master file)
- $232,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $232,887 | $139,355 | $1,918,036 | XML |
| 990-PF | December 2023 | $134,548 | $314,189 | $1,824,504 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FUTURE WAVE FOUNDATION
- What is the EIN of FUTURE WAVE FOUNDATION?
- The employer identification number (EIN) of FUTURE WAVE FOUNDATION is 85-3256055.
- Is FUTURE WAVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FUTURE WAVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FUTURE WAVE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FUTURE WAVE 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 FUTURE WAVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FUTURE WAVE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $31,500 (PRABJOTH K KOTHARI, PRESIDENT).
- How much revenue does FUTURE WAVE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $232,887, expenses of $139,355 and total assets of $1,918,036 at year end.
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All nonprofits in REDONDO BEACH · California · Philanthropy, voluntarism and grantmaking foundations