Nonprofit · EIN 92-2576304
FA YUAN FOUNDATION
Tax-exempt · BANNING, CA 92220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,189 | $22,469 | -$2,280 | $499,109 | $254,753 | $244,356 |
| December 31, 2023 | 990 | $221,077 | $13,756 | $207,321 | $501,389 | $254,753 | $246,636 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,189
- 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
- Accounting fees
- $685
- Depreciation
- $4,728
- Management and general (functional)
- $22,469
Balance sheet and other
- Total assets, start of year
- $501,389
- Total assets, end of year
- $499,109
- Total liabilities, end of year
- $254,753
- Net assets, end of year
- $244,356
- Land, buildings and equipment
- $447,917
- Gross receipts
- $20,189
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- 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 |
|---|---|---|---|
| Grace Lee | CEO Officer | 40 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Grace Lee | CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 300 S HIGHLAND SPRINGS AVE 6C-230, BANNING, CA 92220-6508
- Principal officer (990 for 2024)
- Grace Lee, 1631 ALISSA FLOWERS, BEAUMONT, CA 92223
- Signed the 990
- Grace Lee, President & CEO
- Phone
- (818) 599-5888
- Return prepared by
- ERIC ZHANG & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 92-2576304 or by the name FA YUAN 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
The Fa Yuan Foundation's mission is to promote charity, spiritual growth, mindfulness, and peace. Its main activities include meditation retreats, Buddhist study, yoga, and fostering mindfulness. The foundation also helps relieve poverty, supports community harmony, and reduces government burdens.
Program accomplishments
- Buddhist Dharma Education and Buddhist Meditation Retreat
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 92-2576304
- 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-N (e-Postcard)
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $499,109
- Income (IRS master file)
- $20,189
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,189 | $22,469 | $499,109 | IRS |
| 990 | December 2023 | $221,077 | $13,756 | $501,389 | XML |
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 92-2576304).
Questions about FA YUAN FOUNDATION
- What is the EIN of FA YUAN FOUNDATION?
- The employer identification number (EIN) of FA YUAN FOUNDATION is 92-2576304.
- Is FA YUAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FA YUAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FA YUAN FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FA YUAN 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 FA YUAN 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 FA YUAN FOUNDATION?
- The 990 for the year ended December 31, 2024 names Grace Lee.
- Who are the officers and directors of FA YUAN FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does FA YUAN FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,189, expenses of $22,469 and total assets of $499,109 at year end.
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