Nonprofit · EIN 95-4812754
PARKSIDE ECONOMIC DEVELOPMENT
Tax-exempt (reinstated) · LOS ANGELES, CA 90008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $89,518 | $84,045 | $5,473 | $99,657 | $0 | $99,657 |
| December 31, 2024 | 990-EZ | $59,629 | $68,152 | -$8,523 | $85,661 | $0 | $85,661 |
| December 31, 2023 | 990-EZ | $71,686 | $79,155 | -$7,469 | $94,184 | $0 | $94,184 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,884
- Program service revenue
- $31,485
- Investment income
- $2,416
- Net income from fundraising events
- $37,285
- Other revenue
- $5,448
Expenses
- Grants and similar amounts paid
- $20,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $8,000
- Occupancy
- $32,477
- Printing, publications and postage
- $2,989
- Other expenses
- $20,579
- Program services (functional)
- $20,000
Balance sheet and other
- Total assets, start of year
- $94,184
- Total assets, end of year
- $99,657
- Total liabilities, end of year
- $0
- Net assets, end of year
- $99,657
- Cash, savings and investments
- $99,657
- Gross receipts
- $91,442
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jerrold L Smith | CEO President | 15 | $0 |
| Jerome Jones | Vice President | 10 | $0 |
| Brooks Books | Treausre | 10 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jerrold L Smith | CEO President | 15 | $0 |
| Jerome Jones | Vice President | 10 | $0 |
| Brooks Books | Treausre | 10 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jerrold L Smith | CEO | 15 | $0 |
| Charles Morehead | President | 10 | $0 |
| David Murphy | Treasurer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 4323 LEIMERT BLVD, LOS ANGELES, CA 90008-5201
- In care of
- % JERROLD SMITH
- Mailing address (990-N for 2020)
- 4323 Leimert Blvd, Los Angeles CA 90008
- Principal officer (990-N for 2020)
- Jerrold L Smith, 4323 Leimert Blvd, Los Angeles CA 90008
- Signed the 990-EZ
- JERROLD SMITH, Treasurer
- Phone
- (323) 296-6694
- Website
- http://www.parksideedc.org/
- Return prepared by
- DL Murphy Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4812754 or by the name PARKSIDE ECONOMIC DEVELOPMENT.
- 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
Scholarships to High School Students
Program accomplishments
- Scholarship to hight school studentsExpenses $20,000 · grants $20,000
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 95-4812754
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $99,657
- Income (IRS master file)
- $91,442
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $89,518 | $84,045 | $99,657 | XML |
| 990-EZ | December 2024 | $59,629 | $68,152 | $85,661 | XML |
| 990-EZ | December 2023 | $71,686 | $79,155 | $94,184 | XML |
| 990 | December 2022 | $107,619 | $68,552 | $104,653 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Jerrold L Smith | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Jerrold Smith | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 95-4812754).
Questions about PARKSIDE ECONOMIC DEVELOPMENT
- What is the EIN of PARKSIDE ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of PARKSIDE ECONOMIC DEVELOPMENT is 95-4812754.
- Is PARKSIDE ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to PARKSIDE ECONOMIC DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARKSIDE ECONOMIC DEVELOPMENT 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 PARKSIDE ECONOMIC DEVELOPMENT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARKSIDE ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PARKSIDE ECONOMIC DEVELOPMENT?
- The 990-N for 2020 names Jerrold L Smith.
- Who are the officers and directors of PARKSIDE ECONOMIC DEVELOPMENT?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PARKSIDE ECONOMIC DEVELOPMENT have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $89,518, expenses of $84,045 and total assets of $99,657 at year end.
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