Nonprofit · EIN 88-0485259
CYRUS AND MICHAEL TANG FOUNDATION
Tax-exempt · LAS VEGAS, NV 89148
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,787,681 | $3,877,106 | $1,910,575 | $50,949,497 | $0 | $50,949,497 |
| December 31, 2023 | 990-PF | $6,970,995 | $695,250 | $6,275,745 | $48,591,022 | $9,673 | $48,581,349 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $523,316
- Interest
- $223,216
- Net gain from sales of assets
- $1,824,467
- Other income
- $3,216,682
Expenses
- Grants and similar amounts paid
- $3,632,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $53,940
- Disbursements for charitable purposes
- $3,885,282
- Excise tax on investment income
- $33,634
Balance sheet and other
- Total assets, start of year
- $48,591,022
- Total assets, end of year
- $50,949,497
- Total liabilities, end of year
- $0
- Net assets, end of year
- $50,949,497
- Fair market value of assets
- $50,949,497
- Qualifying distributions
- $3,885,282
- Net investment income
- $2,609,927
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 |
|---|---|---|---|
| DAWN MACK 8960 SPANISHRIDGE AVE, LAS VEGAS, NV 89148 | DONATION COORDINATOR Highest-paid employee | 40 | $50,250 |
| MICHAEL TANG 8960 SPANISH RIDGE AVE, LAS VEGAS, NV 89148 | PRESIDENT/DIRECTOR | 2 | $0 |
| VYTAS AMBUTAS 8960 SPANISH RIDGE AVE, LAS VEGAS, NV 89148 | SECRETARY | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAWN MACK 8960 SPANISHRIDGE AVE, LAS VEGAS, NV 89148 | DONATION COORDINATOR Highest-paid employee | 40 | $40,000 |
| MICHAEL TANG 8960 SPANISH RIDGE AVE, LAS VEGAS, NV 89148 | PRESIDENT/DIRECTOR | 2 | $0 |
| VYTAS AMBUTAS 8960 SPANISH RIDGE AVE, LAS VEGAS, NV 89148 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8960 SPANISH RIDGE AVE, LAS VEGAS, NV 89148-1302
- In care of
- % LOWELL HOLMES
- Signed the 990-PF
- Vytas Ambutas, Secretary
- Phone
- (702) 734-3700
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
- 88-0485259
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $50,949,497
- Income (IRS master file)
- $16,034,552
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,787,681 | $3,877,106 | $50,949,497 | XML |
| 990-PF | December 2023 | $6,970,995 | $695,250 | $48,591,022 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 88-0485259).
Questions about CYRUS AND MICHAEL TANG FOUNDATION
- What is the EIN of CYRUS AND MICHAEL TANG FOUNDATION?
- The employer identification number (EIN) of CYRUS AND MICHAEL TANG FOUNDATION is 88-0485259.
- Is CYRUS AND MICHAEL TANG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CYRUS AND MICHAEL TANG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CYRUS AND MICHAEL TANG FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CYRUS AND MICHAEL TANG 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 CYRUS AND MICHAEL TANG 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 CYRUS AND MICHAEL TANG FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $50,250 (DAWN MACK, DONATION COORDINATOR).
- How much revenue does CYRUS AND MICHAEL TANG FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,787,681, expenses of $3,877,106 and total assets of $50,949,497 at year end.
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All nonprofits in LAS VEGAS · Nevada · Philanthropy, voluntarism and grantmaking foundations