Nonprofit · EIN 61-1419296
T C YOUNG FOUNDATION NFP
Tax-exempt · ELK GROVE VLG, IL 60007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $14,685 | $5,094 | $9,591 | $309,038 | $0 | $309,038 |
| December 31, 2024 | 990-EZ | $16,037 | $5,110 | $10,927 | $284,617 | $0 | $284,617 |
| December 31, 2023 | 990-EZ | $12,962 | $5,434 | $7,528 | $268,372 | $0 | $268,372 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,716
- Program service revenue
- $0
- Investment income
- $9,969
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,316
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $29
- Printing, publications and postage
- $14
- Other expenses
- $735
- Program services (functional)
- $71
Balance sheet and other
- Total assets, start of year
- $284,617
- Total assets, end of year
- $309,038
- Total liabilities, end of year
- $0
- Net assets, end of year
- $309,038
- Cash, savings and investments
- $309,038
- Gross receipts
- $14,685
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 |
|---|---|---|---|
| Deborah Dunham | Board Director | 0.5 | $0 |
| Donna Lewis | Corporate Secretary | 0.75 | $0 |
| Franklin Young | President/ Treasurer | 2.5 | $0 |
| Ran Cheng | Board Director | 0.75 | $0 |
| Debra Hoitomt | Deputy Secretary | 0.25 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deborah Dunham | Board Director | 0.5 | $0 |
| Howell Evans | Board Director | 0.5 | $0 |
| Donna Lewis | Corporate Secretary | 0.75 | $0 |
| Franklin Young | President/ Treasurer | 2 | $0 |
| Ran Cheng | Board Director | 0.75 | $0 |
| Debra Hoitomt | Assistant secretary | 0.25 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deborah Dunham | Board Director | 0.5 | $0 |
| Howell Evans | Board Director | 0.5 | $0 |
| Donna Lewis | Corporate Secretary | 0.5 | $0 |
| Franklin Young | President/ Treasurer | 1.5 | $0 |
| Ran Cheng | Board Director | 1 | $0 |
| Debra Hoitomt | Assistant secretary | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 347 UNIVERSITY LN, ELK GROVE VLG, IL 60007-2748
- In care of
- % FRANKLIN YOUNG
- Signed the 990-EZ
- Franklin Young, President- Treasurer
- Phone
- (415) 496-5146
- Website
- www.tcyoungchina.org
Mission
The Foundation believes that education is a key enabler in life. It partners with the Middle school in Nan Cheng, Jiang Su Province, China and awards annually: 1. merit-based scholarships to its students 2. merit-based Golden Apple awards to its outstanding teachers. 3. merit-based college scholarships to graduates of the Nan Cheng Middle school.
Program accomplishments
- Award scholarships on a merit basis to students who are in the middle school. Foundation expenses are not allocated to a specific program. For reporting purpose, they are assigned to the College Awards.grants $2,758
- Award Golden Apple prizes to teachers who have been nominated for teaching excellence by school administrators and parents. Foundation expenses are not allocated to a specific program. For reporting purpose, they are assigned to the Golden Apple Awardsgrants $986
- Award a merit scholarship to college students who had attended Nan Chen Middle schoolExpenses $71 · grants $572
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 | 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
- 61-1419296
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $309,038
- Income (IRS master file)
- $14,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $14,685 | $5,094 | $309,038 | IRS |
| 990-EZ | December 2024 | $16,037 | $5,110 | $284,617 | IRS |
| 990-EZ | December 2023 | $12,962 | $5,434 | $268,372 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 61-1419296).
Questions about T C YOUNG FOUNDATION NFP
- What is the EIN of T C YOUNG FOUNDATION NFP?
- The employer identification number (EIN) of T C YOUNG FOUNDATION NFP is 61-1419296.
- Is T C YOUNG FOUNDATION NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to T C YOUNG FOUNDATION NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does T C YOUNG FOUNDATION NFP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of T C YOUNG FOUNDATION NFP 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 T C YOUNG FOUNDATION NFP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of T C YOUNG FOUNDATION NFP?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does T C YOUNG FOUNDATION NFP have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $14,685, expenses of $5,094 and total assets of $309,038 at year end.
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