Nonprofit · EIN 88-1262826
LITECOIN FOUNDATION INC
Tax-exempt · SANTA MONICA, CA 90405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $573,295 | $514,065 | $59,230 | $117,315 | $11,799 | $105,516 |
| December 31, 2024 | 990 | $243,453 | $217,627 | $25,826 | $74,546 | $0 | $74,546 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $475,190
- Program service revenue
- $98,817
- Investment income
- -$712
- Net gain from sales of assets
- -$712
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $132,851
- Other salaries and wages
- $78,562
- Salaries, compensation and benefits (total)
- $211,413
- Professional fundraising fees
- $0
- Legal fees
- $2,983
- Travel
- $573
- Program services (functional)
- $496,762
- Management and general (functional)
- $14,560
- Fundraising (functional)
- $2,743
Balance sheet and other
- Total assets, start of year
- $74,546
- Total assets, end of year
- $117,315
- Total liabilities, end of year
- $11,799
- Net assets, end of year
- $105,516
- Publicly traded securities
- $59,271
- Net assets without donor restrictions
- $105,516
- Gross receipts
- $573,295
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2022
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCHWARTZ | BOARD MEMBER Trustee or director | 30 | $78,000 |
| ALAN AUSTIN | PRESIDENT Trustee or director, Officer | 30 | $43,050 |
| KEITH YONG | SECRETARY/TR Officer | 5 | $0 |
| XINXI WANG | BOARD MEMBER Trustee or director | 2 | $0 |
| CHARLES BENJAMIN LEE | BOARD MEMBER Trustee or director | 2 | $0 |
| STEVEN MCCLURG | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCHWARTZ | BOARD MEMBER Trustee or director | 30 | $44,000 |
| ALAN AUSTIN | PRESIDENT Trustee or director, Officer | 30 | $32,610 |
| KEITH YONG | SECRETARY/TR Officer | 5 | $0 |
| XINXI WANG | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2219 MAIN STREET NUM 584, SANTA MONICA, CA 90405-2217
- Mailing address (990-N for 2023)
- 2219 Main street Num 584, Santa Monica CA 90405
- Principal officer (990 for 2025)
- ALAN AUSTIN, 2219 MAIN ST NUM 584, SANTA MONICA, CA 90405
- Principal officer (990-N for 2023)
- Alan Austin, 2219 Main Street Num 584, Santa Monica CA 90405
- Signed the 990
- ALAN AUSTIN, PRESIDENT
- Phone
- (800) 928-4161
- Website
- HTTPS://LITECOIN.COM
- Return prepared by
- MARJTAX INCORPORATED
California records
California keeps its own records of charities and corporations. Search them by EIN 88-1262826 or by the name LITECOIN FOUNDATION INC.
- 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
LITECOIN FOUNDATION IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE THE ADOPTION, AWARENESS & DEVELOPMENT OF LITECOIN & ITS ECOSYSTEM.
Program accomplishments
- LITECOIN SUMMIT 2025 BRINGING TOGETHER THE WORLDS TOP INNOVATORS, THOUGHT LEADERS AND DECISION MAKERS, AS WELL AS MEMBERS OF THE LITECOIN COMMUNITY FOR TWO DAYS OF AMAZING NETWORKING OPPORTUNITIES AND EXCITING DISCUSSIONS AROUND INDUSTRY DEVELOPMENTS, TECHNICAL INNOVATIONS, PUBLIC POLICY ISSUES, AND MUCH MORE.Expenses $496,762 · revenue $98,817
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 88-1262826
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W22)
- Assets (IRS master file)
- $117,315
- Income (IRS master file)
- $573,295
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $573,295 | $514,065 | $117,315 | IRS |
| 990 | December 2024 | $243,453 | $217,627 | $74,546 | XML |
| 990-N for 2023 Officer: Alan Austin | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Alan Austin | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-1262826).
Questions about LITECOIN FOUNDATION INC
- What is the EIN of LITECOIN FOUNDATION INC?
- The employer identification number (EIN) of LITECOIN FOUNDATION INC is 88-1262826.
- Is LITECOIN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LITECOIN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LITECOIN FOUNDATION INC 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 LITECOIN FOUNDATION INC 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 LITECOIN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LITECOIN FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names ALAN AUSTIN.
- Who are the officers and directors of LITECOIN FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $78,000 (DAVID SCHWARTZ, BOARD MEMBER).
- How much revenue does LITECOIN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $573,295, expenses of $514,065 and total assets of $117,315 at year end.
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All nonprofits in SANTA MONICA · California · Public and societal benefit