Nonprofit · EIN 65-1320584
SHEMA FOUNDATION
Tax-exempt · IRVINE, CA 92606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $1,083,012 | $2,471,103 | -$1,388,091 | $7,232,858 | $12,093 | $7,220,765 |
| September 30, 2024 | 990-PF | $1,471,796 | $1,099,783 | $372,013 | $8,615,615 | $6,759 | $8,608,856 |
| September 30, 2023 | 990-PF | $180,492 | $701,403 | -$520,911 | $8,236,843 | $0 | $8,236,843 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $486,769
- Interest
- $596,243
Expenses
- Grants and similar amounts paid
- $2,090,055
- Compensation of officers, directors and key employees
- $99,997
- Disbursements for charitable purposes
- $2,090,055
- Excise tax on investment income
- $8,288
Balance sheet and other
- Total assets, start of year
- $8,615,615
- Total assets, end of year
- $7,232,858
- Total liabilities, end of year
- $12,093
- Net assets, end of year
- $7,220,765
- Fair market value of assets
- $7,186,028
- Qualifying distributions
- $2,090,055
- Net investment income
- $596,243
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY PARK 113 HEATHER MIST, IRVINE, CA 92618 | SECRETARY | 20 | $99,997 |
| KI HONG PARK 113 HEATHER MIST, IRVINE, CA 92618 | PRESIDENT | 0 | $0 |
990-PF for the year ended September 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KI HONG PARK 113 HEATHER MIST, IRVINE, CA 92618 | PRESIDENT | 0 | $0 |
| TIMOTHY PARK 113 HEATHER MIST, IRVINE, CA 92618 | SECRETARY | 0 | $0 |
990-PF for the year ended September 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KI HONG PARK 113 HEATHER MIST, IRVINE, CA 92618 | PRESIDENT | 20 | $0 |
| TIMOTHY PARK 113 HEATHER MIST, IRVINE, CA 92618 | SECRETARY | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 10 CORPORATE PARK STE 305, IRVINE, CA 92606-3100
- In care of
- % MINSUNG KO
- Signed the 990-PF
- KI HONG PARK, PRESIDENT
- Phone
- (714) 981-4334
- Return prepared by
- JAMES Y LEE & CO AC
California records
California keeps its own records of charities and corporations. Search them by EIN 65-1320584 or by the name SHEMA 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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 65-1320584
- 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
- 2007
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $7,232,858
- Income (IRS master file)
- $1,083,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $1,083,012 | $2,471,103 | $7,232,858 | XML |
| 990-PF | September 2024 | $1,471,796 | $1,099,783 | $8,615,615 | XML |
| 990-PF | September 2023 | $180,492 | $701,403 | $8,236,843 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | 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 65-1320584).
Questions about SHEMA FOUNDATION
- What is the EIN of SHEMA FOUNDATION?
- The employer identification number (EIN) of SHEMA FOUNDATION is 65-1320584.
- Is SHEMA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SHEMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHEMA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHEMA FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHEMA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of SHEMA FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 2 people; 1 received compensation from the organization, the highest $99,997 (TIMOTHY PARK, SECRETARY).
- How much revenue does SHEMA FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $1,083,012, expenses of $2,471,103 and total assets of $7,232,858 at year end.
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