Nonprofit · EIN 27-1798340
OLIVE CHILDREN FOUNDATION
Tax-exempt · FREMONT, CA 94539
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,591,886 | $4,282,013 | $309,873 | $3,939,598 | $2,506,117 | $1,433,481 |
| December 31, 2023 | 990 | $4,013,434 | $3,766,651 | $246,783 | $4,193,957 | $3,070,349 | $1,123,608 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $325,882
- Program service revenue
- $4,229,481
- Investment income
- $21,703
- Other revenue
- $14,820
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $204,576
- Other salaries and wages
- $1,122,455
- Salaries, compensation and benefits (total)
- $1,431,233
- Professional fundraising fees
- $0
- Accounting fees
- $81,888
- Occupancy
- $593,476
- Travel
- $26,988
- Depreciation
- $114,344
- Program services (functional)
- $3,328,293
- Management and general (functional)
- $953,720
Balance sheet and other
- Total assets, start of year
- $4,193,957
- Total assets, end of year
- $3,939,598
- Total liabilities, end of year
- $2,506,117
- Net assets, end of year
- $1,433,481
- Land, buildings and equipment
- $513,192
- Gross receipts
- $4,591,886
- Employees
- 23
- Year formed
- 2010
- 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 |
|---|---|---|---|
| Kweiwhei Jen | CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $132,576 |
| Chiaming Jen | CFO and Secretary Trustee or director, Officer, Key employee | 40 | $72,000 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kweiwhei Jen | President Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $103,680 |
| Phoebe Jen | Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 43531 MISSION BLVD, FREMONT, CA 94539-5831
- In care of
- % KWEIWHEI JEN
- Principal officer (990 for 2024)
- Kweiwhei Jen, 43531 Mission Blvd, Fremont, CA 94539
- Signed the 990
- Kweiwhei Jen, President
- Phone
- (510) 557-3337
- Website
- www.olivechildren.com
- Return prepared by
- Nelson N Hsiu CPA Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 27-1798340 or by the name OLIVE CHILDREN 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
Our mission is to build character and leadership skills through a combination of training, practice, and service. Students learn greater world awareness as well as how leadership can enhance their learning experience.
Program accomplishments
- Preschool/after School Program. Provide leadership based program to assist students complete homework with management /organized skills. There are around 80 students in this program in year 2024.Expenses $905,711 · revenue $341,352
- Science, Math, Writing and Young Leadership Clubs. The program focus on math circle to bring kids interest on Math, providing hands-on science program and misc. writing and other skills to enhance students academy ability. There are around 800 students in this ASDRP program.Expenses $2,422,582 · revenue $715,098
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
- 27-1798340
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $3,939,598
- Income (IRS master file)
- $4,591,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,591,886 | $4,282,013 | $3,939,598 | XML |
| 990 | December 2023 | $4,013,434 | $3,766,651 | $4,193,957 | XML |
| 990 | December 2022 | $2,792,803 | $2,383,195 | $1,804,329 | 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 27-1798340).
Questions about OLIVE CHILDREN FOUNDATION
- What is the EIN of OLIVE CHILDREN FOUNDATION?
- The employer identification number (EIN) of OLIVE CHILDREN FOUNDATION is 27-1798340.
- Is OLIVE CHILDREN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to OLIVE CHILDREN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLIVE CHILDREN 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 OLIVE CHILDREN 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 OLIVE CHILDREN 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 OLIVE CHILDREN FOUNDATION?
- The 990 for the year ended December 31, 2024 names Kweiwhei Jen.
- Who are the officers and directors of OLIVE CHILDREN FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $132,576 (Kweiwhei Jen, CEO).
- How much revenue does OLIVE CHILDREN FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,591,886, expenses of $4,282,013 and total assets of $3,939,598 at year end.
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