Nonprofit · EIN 87-3874242
IOVINE AND YOUNG FOUNDATION
Tax-exempt · LOS ANGELES, CA 90067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,108,757 | $928,458 | $3,180,299 | $3,997,110 | $1,052,908 | $2,944,202 |
| December 31, 2023 | 990 | $1,880,426 | $948,127 | $932,299 | $725,926 | $962,023 | -$236,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,602,612
- Program service revenue
- $0
- Investment income
- $88,134
- Net income from fundraising events
- -$581,989
- Other revenue
- -$581,989
Expenses
- Grants and similar amounts paid
- $378,000
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $370,000
- Salaries, compensation and benefits (total)
- $421,055
- Professional fundraising fees
- $0
- Legal fees
- $6,926
- Travel
- $6,859
- Depreciation
- $1,428
- Program services (functional)
- $801,710
- Management and general (functional)
- $109,511
- Fundraising (functional)
- $17,237
Balance sheet and other
- Total assets, start of year
- $725,926
- Total assets, end of year
- $3,997,110
- Total liabilities, end of year
- $1,052,908
- Net assets, end of year
- $2,944,202
- Gross receipts
- $6,235,746
- Employees
- 2
- Year formed
- 2021
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JARED DUPREE | EDUCATIONAL DIRECTOR Highest-paid employee | 40 | $300,000 | $26,793 |
| JAMES IOVINE | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CARY JONES | SECRETARY Officer | 1 | $0 | $0 |
| GRADY BROWN | TREASURER Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JARED DUPREE | EDUCATIONAL DIRECTOR Highest-paid employee | 40 | $145,625 | $16,216 |
| JAMES IOVINE | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CARY JONES | SECRETARY Officer | 1 | $0 | $0 |
| GRADY BROWN | TREASURER Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1880 CENTURY PARK E STE 1600, LOS ANGELES, CA 90067-1661
- In care of
- % GELFAND RENNERT & FELDMAN LL
- Principal officer (990 for 2024)
- GRADY BROWN, 1880 CENTURY PARK EAST 1600, LOS ANGELES, CA 90067
- Signed the 990
- GRADY BROWN, TREASURER
- Phone
- (310) 553-1707
- Return prepared by
- GELFAND RENNERT & FELDMAN LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3874242 or by the name IOVINE AND YOUNG 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)
Mission
THE PRIMARY PURPOSE OF THE IOVINE AND YOUNG FOUNDATION IS TO PROVIDE ENHANCED EDUCATIONAL OPPORTUNITIES FOR STUDENTS THROUGH PARTNERSHIPS WITH SCHOOL SYSTEMS.
Program accomplishments
- THE FOUNDATION MAKES GRANTS TO SCHOOL SYSTEMS TO PROVIDE ENHANCED EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED STUDENTS.Expenses $801,710 · grants $378,000 · revenue $4,108,757
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3874242
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $3,997,110
- Income (IRS master file)
- $6,235,746
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,108,757 | $928,458 | $3,997,110 | IRS |
| 990 | December 2023 | $1,880,426 | $948,127 | $725,926 | XML |
| 990 | December 2022 | $2,143,800 | $3,312,196 | $190,161 | IRS |
| 990-EZ | 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 87-3874242).
Questions about IOVINE AND YOUNG FOUNDATION
- What is the EIN of IOVINE AND YOUNG FOUNDATION?
- The employer identification number (EIN) of IOVINE AND YOUNG FOUNDATION is 87-3874242.
- Is IOVINE AND YOUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to IOVINE AND YOUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOVINE AND YOUNG FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOVINE AND YOUNG 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 IOVINE AND YOUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IOVINE AND YOUNG FOUNDATION?
- The 990 for the year ended December 31, 2024 names GRADY BROWN.
- Who are the officers and directors of IOVINE AND YOUNG FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $300,000 (JARED DUPREE, EDUCATIONAL DIRECTOR).
- How much revenue does IOVINE AND YOUNG FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,108,757, expenses of $928,458 and total assets of $3,997,110 at year end.
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