Nonprofit · EIN 91-1797792
PALOS VERDES ON THE NET
Tax-exempt · RLLNG HLS EST, CA 90274
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,122 | $253,513 | -$37,391 | $79,267 | $593,806 | -$514,539 |
| December 31, 2023 | 990 | $169,669 | $205,870 | -$36,201 | $87,589 | $564,737 | -$477,148 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $99,281
- of which government grants
- $2,500
- Program service revenue
- $116,818
- Investment income
- $23
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $253,513
Balance sheet and other
- Total assets, start of year
- $87,589
- Total assets, end of year
- $79,267
- Total liabilities, end of year
- $593,806
- Net assets, end of year
- -$514,539
- Land, buildings and equipment
- $58,150
- Gross receipts
- $216,122
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1997
- 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 |
|---|---|---|---|
| TED M VEGVARI | PRESIDENT Trustee or director, Officer | 40 | $0 |
| MINGKAI LI | Secretary Trustee or director, Officer | 1 | $0 |
| ILONA PETERSON | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED M VEGVARI | PRESIDENT Trustee or director, Officer | 40 | $0 |
| MINGKAI LI | Secretary Trustee or director, Officer | 1 | $0 |
| ILONA PETERSON | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 550 DEEP VALLEY DR STE 229, RLLNG HLS EST, CA 90274-7601
- In care of
- % TED VEGVARI
- Principal officer (990 for 2024)
- TED M VEGVARI, 550 DEEP VALLEY DRIVE 229, ROLLING HILLS ESTATES, CA 902743695
- Signed the 990
- TED M VEGVARI, PRESIDENT
- Phone
- (310) 541-7992
- Website
- www.palosverdes.com/pvnet/
- Return prepared by
- Alan Wolfson CPA A Prof Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 91-1797792 or by the name PALOS VERDES ON THE NET.
- 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
THE SPECIFIC PURPOSE OF THIS ORGANIZATION IS TO PROVIDE COMPUTER EDUCATION, TRAINING AND SERVICES TO THE COMMUNITY BY IMPLEMENTING EDUCATIONAL INSTRUCTION PROGRAMS FOR STUDENTS THROUGH MENTORED COMPUTER PROJECTS AND MENTORED COMPLEX TECHNOLOGY TASKS DESIGNED TO TEACH SKILLS NECESSARY FOR EMPLOYMENT AND HIGHER EDUCATION PROGRAMS, THROUGH ON THE JOB COMPUTER TECHNOLOGY PROJECTS AND WORKFORCE DEVELOPMENT PROJECTS. OTHER COMPUTER SERVICES ARE PROVIDED FREE OF CHARGE, AND INCLUDE COMPUTER EDUCATION AND TRAINING TO STUDENTS OF ALL AGES, ADULTS AND SENIORS, GOVERNMENT STAFF MEMBERS AND NON-PROFIT ORGANIZATIONS. ADDITIONALLY, WE INCORPORATE BY REFERENCE HERE THE ATTACHED STATEMENT FROM THE FORM 1023, MISSION STATEMENT, PAGE 2, ITEM 1, AS OUR MISSION REMAINS AS STATED ON THIS ORIGINAL DOCUMENT.
Program accomplishments
- EDUCATIONAL INSTRUCTION WAS PROVIDED TO STUDENTS THROUGH MENTORED COMPUTER PROJECTS AND COMPLEX TECHNOLOGY TASKS DESIGNED TO TEACH SKILLS NECESSARY FOR EMPLOYMENT AND HIGHER EDUCATION PROGRAMS, THROUGH ON THE JOB COMPUTER TECHNOLOGY PROJECTS AND WORKFORCE DEVELOPMENT PROJECTS DURING TAX YEAR ENDING DECEMBER 31, 2023.TOTAL REVENUES GENERATED WERE $116,818.Expenses $253,513 · revenue $116,818
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
- 91-1797792
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $79,267
- Income (IRS master file)
- $216,122
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,122 | $253,513 | $79,267 | XML |
| 990 | December 2023 | $169,669 | $205,870 | $87,589 | XML |
| 990 | December 2022 | $130,508 | $205,561 | $103,543 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 91-1797792).
Questions about PALOS VERDES ON THE NET
- What is the EIN of PALOS VERDES ON THE NET?
- The employer identification number (EIN) of PALOS VERDES ON THE NET is 91-1797792.
- Is PALOS VERDES ON THE NET tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PALOS VERDES ON THE NET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALOS VERDES ON THE NET 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 PALOS VERDES ON THE NET 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 PALOS VERDES ON THE NET 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 PALOS VERDES ON THE NET?
- The 990 for the year ended December 31, 2024 names TED M VEGVARI.
- Who are the officers and directors of PALOS VERDES ON THE NET?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PALOS VERDES ON THE NET have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,122, expenses of $253,513 and total assets of $79,267 at year end.
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