Tlbu Foundation INC

Tax-deductible

Pleasantville, NJ501(c)(3)Since 2000Colleges & UniversitiesEIN 52-2242995Revenue $45K in FY2026

On file with the IRS8029 Black Horse Pike, 08232-2804 · Pleasantville, NJTax-exempt since Apr 2001School — 170(b)(1)(A)(ii)

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Provide direct/indirect scholarship for educating Asian students on U.S. Laws, as well as offering them with opportunities to promote active cultural, academic and societal interchange with American students.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$31K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $175K a year · 82% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 15% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
77 mo
of spending, in cash
Looks good: 76.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$228K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
+145% vs prior year
Spent
$206K
To programs
84%
Net assets
$1.8M
By yearFY2020–FY2026
Revenue
$45K
FY2026▲ +145%
Tap a bar for its year
Revenue by fiscal year
FY2020$505K
FY2021$352K
FY2022$273K
FY2023$131K
FY2024$161K
FY2025$18K
FY2026$45K
Expenses
$206K
FY2026▼ -82%
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$187K
FY2022$159K
FY2023$163K
FY2024$485K
FY2025$1.1M
FY2026$206K
Net assets
$1.8M
FY2026▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$3.4M
FY2023$3.4M
FY2024$3.0M
FY2025$1.9M
FY2026$1.8M

From the FY2026 Form 990 (year ending February 2026) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Apr 2001.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $173K Management & general 14% · $28K Fundraising 2% · $4K

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

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Who runs it and what they're paid

4 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Secretary/Treasurer
$18,000Pt VII · Sec A
Operating Officer
$13,200Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ya Wang’s $18K as Secretary/Treasurer is at the 55th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Ya Wang$18,000$30,000$12,000$11,900$9,400$9,900
Monirith Tola$13,200$13,200————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Fund scholarships for Asian students studying U.S. law and foster cultural exchange.

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Provided by the organization

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1 program · $173K · in their own filed words · FY2025
01

TLBU Foundation provided support to graduate law school educational related expenses for Transnational Law and Business students in Seoul, South Korea.

$173Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 4 grants · $412K · 2019–2023
Unitemized GrantFY2023$382,608
Unitemized GrantFY2021$9,740
Unitemized GrantFY2020$3,236
Unitemized GrantFY2019$16,630

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$42K
Gifts and grantsLn 1h$3K
Money outPt IX
$206K
Ln 25
Programscol B$173K
Managementcol C$28K
Fundraisingcol D$4K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.0M
LiabilitiesLn 26$228K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$42K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$673K
Total assetsLn 16$2.0M
LiabilitiesLn 26$228K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$1.5M$1.3M
Land, buildings, equipmentLn 10c$691K$673K
Total assetsLn 16$2.2M$2.0M
LiabilitiesLn 26$276K$228K
Net assetsLn 32$1.9M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$98K$98K
Other salaries and wagesLn 7$23K$16K$3K$3K
Payroll taxesLn 10$2K$1K$404$233
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$635$344$153$138
Advertising and promotionLn 12$750$750
Office expensesLn 13$1K$1K
OccupancyLn 16$69K$57K$12K
InsuranceLn 23$3K$18$3K$8
Other expenses (24a–d)Ln 24$1K$225$879
Total functional expensesLn 25$206K$173K$28K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $45K$206K−$161K$1.8M 990 PDF
FY2025 $18K$1.1M−$1.1M$1.9M 990 PDF
FY2024 $161K$485K−$323K$3.0M 990 PDF
FY2023 $131K$163K−$33K$3.4M 990 PDF
FY2022 $273K$159K$114K$3.4M 990 PDF
FY2021 $352K$187K$165K$3.3M 990 PDF
FY2020 $505K$369K$136K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2026 990 (6 parts)
Part I · Summary $44,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,500$3,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $129,716$41,809
I-11 Other revenuePrior year −$115,927$0
I-12 Total revenuePrior year $18,289$44,809
I-13 Grants and similar amounts paidPrior year $1,100,855$98,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,502$25,032
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,199$82,381
I-18 Total expensesPrior year $1,140,556$205,713
I-19 Revenue less expensesPrior year −$1,122,267−$160,904
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $44,809 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,000
VIII-1h Total contributions, gifts and grants$3,000
VIII-3 Investment incomeExcluded from tax $41,809$41,809
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $41,809$44,809
Part IX · Statement of functional expenses $205,713 across 10 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $98,300$98,300
IX-7 Other salaries and wagesPrograms $16,170 · Management $3,465 · Fundraising $3,465$23,100
IX-10 Payroll taxesPrograms $1,295 · Management $404 · Fundraising $233$1,932
IX-11c Accounting feesManagement $6,194$6,194
IX-11g Other fees for servicesPrograms $344 · Management $153 · Fundraising $138$635
IX-12 Advertising and promotionManagement $750$750
IX-13 Office expensesManagement $1,170$1,170
IX-16 OccupancyPrograms $57,036 · Management $12,376$69,412
IX-23 InsurancePrograms $18 · Management $3,090 · Fundraising $8$3,116
IX-24 Other expenses (24a–d)Programs $225 · Management $879$1,104
IX-25 Total functional expensesPrograms $173,388 · Management $28,481 · Fundraising $3,844$205,713
Part X · Balance sheet $1,985,497 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,062$5,195
X-2 Savings and temporary cash investmentsStart of year $1,493,882$1,307,651
X-10c Land, buildings and equipment, netStart of year $690,619$672,651
X-16 Total assetsStart of year $2,194,563$1,985,497
X-26 Total liabilitiesStart of year $276,223$228,061
X-27 Net assets without donor restrictionsStart of year $1,918,340$1,757,436
X-32 Total net assets or fund balancesStart of year $1,918,340$1,757,436
X-33 Total liabilities and net assetsStart of year $2,194,563$1,985,497
Part XI · Reconciliation of net assets $1,757,436 net assets at year end
XI-1 Total revenue$44,809
XI-2 Total expenses$205,713
XI-3 Revenue less expenses−$160,904
XI-4 Net assets at start of year$1,918,340
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,757,436

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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