Nonprofit · EIN 38-3884569
BETTER TOMORROW FOUNDATION
Tax-exempt · WHITTIER, CA 90602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $598,388 | $127,753 | $470,635 | $1,066,341 | $1,954 | $1,064,387 |
| December 31, 2024 | 990-PF | $51,741 | $75,729 | -$23,988 | $596,752 | $3,000 | $593,752 |
| December 31, 2023 | 990-PF | $71,626 | $43,330 | $28,296 | $515,606 | $13,351 | $502,255 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $470,000
- Dividends
- $1,464
- Net gain from sales of assets
- $124,402
- Other income
- $2,522
Expenses
- Grants and similar amounts paid
- $63,041
- Disbursements for charitable purposes
- $81,641
- Excise tax on investment income
- $1,750
Balance sheet and other
- Total assets, start of year
- $596,752
- Total assets, end of year
- $1,066,341
- Total liabilities, end of year
- $1,954
- Net assets, end of year
- $1,064,387
- Fair market value of assets
- $1,066,341
- Qualifying distributions
- $81,641
- Net investment income
- $125,868
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL YANG 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
| JANICE AHN 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL YANG 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
| JANICE AHN 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL YANG 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
| JANICE AHN 1155 S GRAND AVE 103, LOS ANGELES, CA 90015 | TRUSTOR/TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7616 MARIPOSA AVE, WHITTIER, CA 90602-1063
- In care of
- % JANICE AHN
- Signed the 990-PF
- MICHAEL YANG, TRUSTEE
- Phone
- (213) 924-2000
- Return prepared by
- ABC CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 38-3884569 or by the name BETTER TOMORROW 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)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3884569
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,066,341
- Income (IRS master file)
- $883,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $598,388 | $127,753 | $1,066,341 | XML |
| 990-PF | December 2024 | $51,741 | $75,729 | $596,752 | IRS |
| 990-PF | December 2023 | $71,626 | $43,330 | $515,606 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 38-3884569).
Questions about BETTER TOMORROW FOUNDATION
- What is the EIN of BETTER TOMORROW FOUNDATION?
- The employer identification number (EIN) of BETTER TOMORROW FOUNDATION is 38-3884569.
- Is BETTER TOMORROW FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to BETTER TOMORROW FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BETTER TOMORROW FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BETTER TOMORROW FOUNDATION 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 BETTER TOMORROW FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of BETTER TOMORROW FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does BETTER TOMORROW FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $598,388, expenses of $127,753 and total assets of $1,066,341 at year end.
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