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The Parnassus Society

Tax-deductible

Irvine, CA501(c)(3)Arts & Culture EIN 47-4530120Revenue $236K in FY2025Latest return filed Mar 21, 2026

On file with the IRS16100 Sand Canyon Ave Ste 130, 92618-3722 · Irvine, CATax-exempt since Dec 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The specific purpose of this corporation is to promote the artistic development and professional careers of promising young musicians and artists, including sponsorship of musical performances and art exhibitions, sponsorship of competitions, and awarding of prizes.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
+170% vs prior year
Spent
$138K
To programs
99%
Net assets
$198K
By yearFY2020–FY2025
Revenue
$236K
FY2025▲ +170%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$117K
FY2022$1K
FY2023$133K
FY2024$87K
FY2025$236K
Net assets
$198K
FY2025▲ +96%
Tap a bar for its year
Net assets by fiscal year
FY2020$109K
FY2021$205K
FY2022$117K
FY2023$121K
FY2024$101K
FY2025$198K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $137K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sandy Tokita
Director
$0Pt VII · Sec A
Karl Tokita
Director/CFO/Secretary
$0Pt VII · Sec A
See The Parnassus Society executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports young musicians and artists by sponsoring performances, exhibitions, and competitions, awarding prizes.

Questions for The Parnassus Society

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Your first name shows with your question. The Parnassus Society answers here, for everyone.

1 program · $137K · in their own filed words · FY2025
01

Soka university musical performance expenses.

$137Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Gifts and grantsLn 1h$202K
Fees for servicesLn 2g$33K
Money outPt IX
$138K
Ln 25
Programscol B$137K
Managementcol C$2K
Owns and owesPt X
$198K
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$198K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Fees for servicesLn 2g$33K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Other assetsLn 15$66K
Total assetsLn 16$198K
LiabilitiesLn 26$0
Net assetsLn 32$198K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$36K$133K
Total assetsLn 16$101K$198K
LiabilitiesLn 26$0$0
Net assetsLn 32$101K$198K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
TravelLn 17$501$501
InsuranceLn 23$591$591
Other expenses (24a–d)Ln 24$136K$136K$30
Total functional expensesLn 25$138K$137K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 21, 2026 $236K$138K$97K$198K 990 PDF
FY2024Filed with the IRS May 7, 2025 $87K$101K 990 PDF
FY2023Filed with the IRS May 9, 2024 $133K$121K 990 PDF
FY2022Filed with the IRS May 10, 2023 $1K$117K 990 PDF
FY2021Filed with the IRS May 10, 2022 $117K$205K 990 PDF
FY2020Filed with the IRS Mar 6, 2022 $51K$109K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $235,791 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,217$202,478
I-9 Program service revenuePrior year $0$33,313
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $87,217$235,791
I-13 Grants and similar amounts paidPrior year $93,292$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,205$138,483
I-18 Total expensesPrior year $107,497$138,483
I-19 Revenue less expensesPrior year −$20,280$97,308
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $235,791 across 4 lines filed
VIII-1f All other contributions, gifts and grants$202,478
VIII-1h Total contributions, gifts and grants$202,478
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,313$33,313
VIII-12 Total revenueRelated to mission $33,313 · Unrelated business $0 · Excluded from tax $0$235,791
Part IX · Statement of functional expenses $138,483 across 4 lines filed
IX-11c Accounting feesManagement $1,646$1,646
IX-17 TravelPrograms $501$501
IX-23 InsurancePrograms $591$591
IX-24 Other expenses (24a–d)Programs $135,715 · Management $30$135,745
IX-25 Total functional expensesPrograms $136,807 · Management $1,676 · Fundraising $0$138,483
Part X · Balance sheet $198,409 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $35,601$132,909
X-15 Other assetsStart of year $65,500$65,500
X-16 Total assetsStart of year $101,101$198,409
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $101,101$198,409
X-33 Total liabilities and net assetsStart of year $101,101$198,409
Part XI · Reconciliation of net assets $198,409 net assets at year end
XI-1 Total revenue$235,791
XI-2 Total expenses$138,483
XI-3 Revenue less expenses$97,308
XI-4 Net assets at start of year$101,101
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$198,409

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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