Nonprofit · EIN 95-4816158
TORCH FOUNDATION
Tax-exempt (reinstated) · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $162,480 | $485,675 | -$323,195 | $4,916,076 | $12,400 | $4,903,676 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $116,284
- of which government grants
- $19,150
- Program service revenue
- $0
- Investment income
- $24,625
- Net rental income
- $15,800
- Net gain from sales of assets
- $24,036
- Other revenue
- $21,571
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $151,000
- Other salaries and wages
- $91,427
- Salaries, compensation and benefits (total)
- $264,640
- Professional fundraising fees
- $20
- Accounting fees
- $22,697
- Occupancy
- $31,570
- Travel
- $11,260
- Depreciation
- $18,333
- Program services (functional)
- $225,559
- Management and general (functional)
- $260,096
- Fundraising (functional)
- $20
Balance sheet and other
- Total assets, start of year
- $4,949,901
- Total assets, end of year
- $4,916,076
- Total liabilities, end of year
- $12,400
- Net assets, end of year
- $4,903,676
- Land, buildings and equipment
- $488,736
- Publicly traded securities
- $4,371,288
- Net assets without donor restrictions
- $4,903,676
- Gross receipts
- $3,138,654
- Employees
- 4
- Volunteers
- 48
- Year formed
- 2002
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLTON WATSON | PRESIDENT & CEO Officer | 40 | $151,000 |
| NILOUFER PABLA | TREASURER Trustee or director, Officer | 6 | $0 |
| JULIET WHITE | SECRETARY Trustee or director, Officer | 6 | $0 |
| MICHAEL CHIANG | BOARD MEMBER Trustee or director | 6 | $0 |
| JANE WANG GARZONA | BOARD MEMBER Trustee or director | 6 | $0 |
| DARRYL WARREN | BOARD MEMBER Trustee or director | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 3435 WILSHIRE BLVD 14TH FLOOR, LOS ANGELES, CA 90010-1901
- In care of
- % MARGO MAJDI
- Principal officer (990 for 2023)
- JANE WANG GARZONA, 3435 WILSHIRE BLVD 14TH FLOOR, LOS ANGELES, CA 90010
- Signed the 990
- CARLTON WATSON, PRESIDENT & CEO
- Phone
- (424) 258-0188
- Website
- thetorchfoundation.org
- Return prepared by
- EASY OFFICE DBA JITASA
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4816158 or by the name TORCH 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 PROVIDE TRAINING TO SUPPORT TEENS WITH SOCIAL-EMOTIONAL INTELLIGENCE AND LEADERSHIP TOOLS THAT CREATE SELF-AWARENESS, RESILIENCE, COPING AND RESOLUTION SKILLS TO DEVELOP HEALTHY RELATIONSHIPS AND SUCCESS IN LIFE.
Program accomplishments
- THE TORCH TEEN TRAINING PROGRAM - THE TORCH FOUNDATION OFFERS PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT, WHICH ENHANCES TEENS' SOCIAL-EMOTIONAL INTELLIGENCE. THE TWO-DAY WORKSHOPS AND ONE-MONTH FOLLOW-UP COACHING PROVIDE A SAFE, ENGAGING, AND INSPIRATIONAL ENVIRONMENT THAT PROVIDES EACH TEEN WITH THE OPPORTUNITY FOR SELF-DISCOVERY AND GROWTH. THROUGH GUIDED EXERCISES AND ACTIVITIES, THE TEENS WILL TAKE RESPONSIBILITY FOR THEMSELVES AND RECOGNIZE THE POWER OF THEIR OWN CHOICES AND THE OBSTACLES THAT STOP THEM FROM ACHIEVING THEIR POTENTIAL. THEY WILL LEARN PRACTICAL TOOLS AND SKILLS THROUGH THIS EXPERIENCE THAT ALLOW THEM TO TRANSFORM THEIR LIVES AND CREATE UNLIMITED POSSIBILITIES FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES.Expenses $225,559
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4816158
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $4,916,076
- Income (IRS master file)
- $3,138,654
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
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 | December 2023 | $162,480 | $485,675 | $4,916,076 | XML |
| 990 | December 2022 | $257,013 | $508,498 | $4,949,901 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | 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 95-4816158).
Questions about TORCH FOUNDATION
- What is the EIN of TORCH FOUNDATION?
- The employer identification number (EIN) of TORCH FOUNDATION is 95-4816158.
- Is TORCH FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to TORCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TORCH 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 TORCH 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 TORCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of TORCH FOUNDATION?
- The 990 for the year ended December 31, 2023 names JANE WANG GARZONA.
- Who are the officers and directors of TORCH FOUNDATION?
- The 990 for the year ended December 31, 2023 lists 6 people; 1 received compensation from the organization, the highest $151,000 (CARLTON WATSON, PRESIDENT & CEO).
- How much revenue does TORCH FOUNDATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $162,480, expenses of $485,675 and total assets of $4,916,076 at year end.
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