Nonprofit · EIN 83-2432751
FARFY FOUNDATION
Tax-exempt · LA JOLLA, CA 92037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $80,376 | $563,510 | -$483,134 | $7,217,630 | $0 | $7,217,630 |
| December 31, 2023 | 990-PF | $562,028 | $528,702 | $33,326 | $6,449,866 | $0 | $6,449,866 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $80,376
Expenses
- Grants and similar amounts paid
- $322,493
- Compensation of officers, directors and key employees
- $140,000
- Disbursements for charitable purposes
- $322,493
- Excise tax on investment income
- $1,117
Balance sheet and other
- Total assets, start of year
- $6,449,866
- Total assets, end of year
- $7,217,630
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,217,630
- Qualifying distributions
- $322,493
- Net investment income
- $80,376
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCO LONDEI 7760-H FAY AVE 348, LA JOLLA, CA 92037 | Director | 40 | $140,000 |
| LIQUN WANG 7760-H FAY AVE 348, LA JOLLA, CA 92037 | Executive Dir. | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCO LONDEI 7760-H FAY AVE 348, LA JOLLA, CA 92037 | Director | 40 | $140,000 |
| LIQUN WANG 7760-H FAY AVE 348, LA JOLLA, CA 92037 | Executive Dir. | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 7660-H FAY AVE 348, LA JOLLA, CA 92037-0000
- Signed the 990-PF
- LIQUN WANG, Executive Director
- Phone
- (858) 333-9598
- Return prepared by
- PANDELIS P CHRYSSOSTOMIDES INC
California records
California keeps its own records of charities and corporations. Search them by EIN 83-2432751 or by the name FARFY 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 | Not 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
- 83-2432751
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $7,217,630
- Income (IRS master file)
- $80,376
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $80,376 | $563,510 | $7,217,630 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $562,028 | $528,702 | $6,449,866 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 83-2432751).
Questions about FARFY FOUNDATION
- What is the EIN of FARFY FOUNDATION?
- The employer identification number (EIN) of FARFY FOUNDATION is 83-2432751.
- Is FARFY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FARFY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FARFY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FARFY 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 FARFY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FARFY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $140,000 (MARCO LONDEI, Director).
- How much revenue does FARFY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $80,376, expenses of $563,510 and total assets of $7,217,630 at year end.
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