Nonprofit · EIN 88-1792209
X BUSINESS NETWORK
Tax-exempt · IRVINE, CA 92612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $235,324 | $296,726 | -$61,402 | $51,168 | $0 | $51,168 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $235,324
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,156
- Accounting fees
- $16,109
- Management and general (functional)
- $296,726
Balance sheet and other
- Total assets, start of year
- $112,570
- Total assets, end of year
- $51,168
- Total liabilities, end of year
- $0
- Net assets, end of year
- $51,168
- Gross receipts
- $235,324
- Employees
- 0
- Year formed
- 2022
- 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 |
|---|---|---|---|
| JAY UNGOS | PRESIDENT Officer | 40 | $0 |
| TAM NGUYEN | CFO Officer | 2 | $0 |
| CLYDE FONTENETTE | SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3349 MICHELSON DR STE 200, IRVINE, CA 92612-8881
- In care of
- % JAY UNGOS
- Mailing address (990-N for 2022)
- 3349 Michelson Drive Suite 200, Irvine CA 92612
- Principal officer (990-N for 2022)
- Jay Ungos, 3349 Michelson Drive Suite 200, Irvine CA 92612
- Signed the 990
- JAY UNGOS, PRESIDENT
- Return prepared by
- GREENFIELD & ASSOCIATES LLP
Mission
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO ADVOCATE FOR MINORITY-OWNED, WOMEN-OWNED, VETERAN-OWNED, AND UNDERSERVED BUSINESS
Program accomplishments
- THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO ADVOCATE FOR MINORITY-OWNED, WOMEN-OWNED, VETERAN-OWNED, AND UNDERSERVED BUSINESSrevenue $235,324
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-EZ on file |
IRS record
- EIN
- 88-1792209
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W01)
- Assets (IRS master file)
- $51,168
- Income (IRS master file)
- $235,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $188,061 | $75,491 | $112,570 | IRS |
| 990-N for 2022 Officer: Jay Ungos | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 X BUSINESS NETWORK
- What is the EIN of X BUSINESS NETWORK?
- The employer identification number (EIN) of X BUSINESS NETWORK is 88-1792209.
- Is X BUSINESS NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to X BUSINESS NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does X BUSINESS NETWORK 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 X BUSINESS NETWORK 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 X BUSINESS NETWORK 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 X BUSINESS NETWORK?
- The 990-N for 2022 names Jay Ungos.
- Who are the officers and directors of X BUSINESS NETWORK?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does X BUSINESS NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $235,324, expenses of $296,726 and total assets of $51,168 at year end.
Other nonprofits in IRVINE
- MOBILITY 21 EIN 27-0316520 · last filed 990 for 2025
- VALENCIA TRANSPORTATION MANAGEMENT ORGANIZATION EIN 85-3664280 · last filed 990 for 2025
- IRREVERENT WARRIORS INC EIN 47-4789126 · last filed 990 for 2024
- 1035 MAPLE STREET FOUNDATION INC EIN 33-2432762 · last filed 990 for 2025
- EMMY GENIUS INVENTIONS CORPORATION EIN 85-2843492 · last filed 990-EZ for 2024
- PACIFIC ACADEMY FOUNDATION EIN 81-4028514 · last filed 990-EZ for 2026
- WOMEN IN CONSTRUCTION OPERATIONS EIN 46-1768033 · last filed 990-EZ for 2025
- X UNDRGRND INC EIN 83-4462401 · last filed 990-EZ for 2025
All nonprofits in IRVINE · California · Public and societal benefit