Nonprofit · EIN 86-3942189
PEOPLE ARE THE WEALTH FOUNDATION
Tax-exempt · IRVINE, CA 92604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $248,005 | $59,109 | $188,896 | $464,894 | $0 | $464,894 |
| December 31, 2023 | 990 | $45,000 | $140,284 | -$95,284 | $275,998 | $0 | $275,998 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $248,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $5
Expenses
- Grants and similar amounts paid
- $49,357
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $53
- Accounting fees
- $3,075
- Travel
- $3,250
- Program services (functional)
- $49,907
- Management and general (functional)
- $9,202
Balance sheet and other
- Total assets, start of year
- $275,998
- Total assets, end of year
- $464,894
- Total liabilities, end of year
- $0
- Net assets, end of year
- $464,894
- Net assets without donor restrictions
- $464,894
- Gross receipts
- $248,005
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2021
- 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 |
|---|---|---|---|
| ISAIAH HENRY | DIRECTOR & PRESIDENT Trustee or director, Officer | 5 | $0 |
| BRANDON TRYON | DIRECTOR & SECRETARY Trustee or director, Officer | 2 | $0 |
| JERRY BRUMMOND | DIRECTOR & TREASURER Trustee or director, Officer | 2 | $0 |
| HARRISON MUNGAI | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISAIAH HENRY | DIRECTOR & PRESIDENT Trustee or director, Officer | 5 | $0 |
| BRANDON TRYON | DIRECTOR & SECRETARY Trustee or director, Officer | 2 | $0 |
| JERRY BRUMMOND | DIRECTOR & TREASURER Trustee or director, Officer | 2 | $0 |
| HARRISON MUNGAI | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 14252 CULVER DR SUITE A267, IRVINE, CA 92604-0317
- Principal officer (990 for 2024)
- ISAIAH HENRY, 14252 CULVER DR SUITE A267, IRVINE, CA 92604
- Signed the 990
- ISAIAH HENRY, CEO
- Phone
- (949) 424-9947
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 86-3942189 or by the name PEOPLE ARE THE WEALTH 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 ELEVATE THE INHERENT WORTH AND DIGNITY IN PEOPLE BY INVESTING IN CRISIS INTERVENTION FOR INDIVIDUALS, ENTERPRISE OPPORTUNITIES FOR THE UNDER-RESOURCED TO FLOURISH, LEADERSHIP DEVELOPMENT FOR THE NEXT GENERATION, AND SUSTAINABLE COMMUNITY-CENTERED CAPITAL PROJECTS.
Program accomplishments
- TO PROVIDE AID AND SUPPORT TO LOCAL, REGIONAL, AND NATIONAL COMMUNITY MEMBERS THROUGH PROGRAMS, GRANTS, SCHOLARSHIPS, AND DONATIONS TARGETED AT THE LESS FORTUNATE, NEEDY, POOR, AND MARGINALIZED COMMUNITIES TO HELP FIGHT SOCIAL AND SYSTEMIC INJUSTICE.Expenses $49,907 · grants $49,357
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
- 86-3942189
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $464,894
- Income (IRS master file)
- $248,005
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $248,005 | $59,109 | $464,894 | IRS |
| 990 | December 2023 | $45,000 | $140,284 | $275,998 | XML |
| 990 | December 2022 | $220,000 | $46,528 | $379,363 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 86-3942189).
Questions about PEOPLE ARE THE WEALTH FOUNDATION
- What is the EIN of PEOPLE ARE THE WEALTH FOUNDATION?
- The employer identification number (EIN) of PEOPLE ARE THE WEALTH FOUNDATION is 86-3942189.
- Is PEOPLE ARE THE WEALTH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PEOPLE ARE THE WEALTH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEOPLE ARE THE WEALTH 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 PEOPLE ARE THE WEALTH 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 PEOPLE ARE THE WEALTH FOUNDATION 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 PEOPLE ARE THE WEALTH FOUNDATION?
- The 990 for the year ended December 31, 2024 names ISAIAH HENRY.
- Who are the officers and directors of PEOPLE ARE THE WEALTH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PEOPLE ARE THE WEALTH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $248,005, expenses of $59,109 and total assets of $464,894 at year end.
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All nonprofits in IRVINE · California · Philanthropy, voluntarism and grantmaking foundations