Nonprofit · EIN 86-3844309
EDVANCEMENT FOUNDATION CORPORATION
Tax-exempt · GREAT NECK, NY 11021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $847,134 | $105,937 | $741,197 | $2,801,641 | $0 | $2,801,641 |
| December 31, 2024 | 990-PF | $752,757 | $49,332 | $703,425 | $2,060,761 | $0 | $2,060,761 |
| December 31, 2023 | 990-PF | $518,678 | $43,916 | $474,762 | $1,357,765 | $0 | $1,357,765 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $800,000
- Dividends
- $11,659
- Interest
- $1
- Net gain from sales of assets
- $35,474
Expenses
- Grants and similar amounts paid
- $100,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $105,937
- Excise tax on investment income
- $302
Balance sheet and other
- Total assets, start of year
- $2,060,761
- Total assets, end of year
- $2,801,641
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,801,641
- Fair market value of assets
- $3,987,279
- Qualifying distributions
- $105,937
- Net investment income
- $21,722
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 |
|---|---|---|---|
| LIHUA HONG 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | PRESIDENT | 1 | $0 |
| JACKIE WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | COO | 1 | $0 |
| SUSAN WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIHUA HONG 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | PRESIDENT | 1 | $0 |
| JACKIE WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | COO | 1 | $0 |
| SUSAN WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIHUA HONG 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | PRESIDENT | 1 | $0 |
| JACKIE WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | COO | 1 | $0 |
| SUSAN WU 60 CUTTERMILL ROAD 405, GREAT NECK, NY 11021 | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 60 CUTTERMILL RD STE 405, GREAT NECK, NY 11021-3104
- In care of
- % LIHUA HONG
- Signed the 990-PF
- LIHUA HONG, PRESIDENT
- Phone
- (516) 829-9088
- Return prepared by
- MORDFIN LLP
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
- 86-3844309
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $2,801,641
- Income (IRS master file)
- $847,134
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $847,134 | $105,937 | $2,801,641 | IRS |
| 990-PF | December 2024 | $752,757 | $49,332 | $2,060,761 | XML |
| 990-PF | December 2023 | $518,678 | $43,916 | $1,357,765 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 86-3844309).
Questions about EDVANCEMENT FOUNDATION CORPORATION
- What is the EIN of EDVANCEMENT FOUNDATION CORPORATION?
- The employer identification number (EIN) of EDVANCEMENT FOUNDATION CORPORATION is 86-3844309.
- Is EDVANCEMENT FOUNDATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to EDVANCEMENT FOUNDATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does EDVANCEMENT FOUNDATION CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of EDVANCEMENT FOUNDATION CORPORATION 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 EDVANCEMENT FOUNDATION CORPORATION 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 EDVANCEMENT FOUNDATION CORPORATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does EDVANCEMENT FOUNDATION CORPORATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $847,134, expenses of $105,937 and total assets of $2,801,641 at year end.
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