Einstrong Foundation EIN 84-2967762 Form 990 (PDF) Claim this org

Einstrong Foundation FY2023 filing

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Provides free adult literacy apps for reading and math to close the global literacy gap. For fiscal year 2023 it reported $1.5M in revenue, $831K in expenses, and $1.0M in net assets.Pt I

Type
Private foundation / grantmaker · Education
Location
Pasadena, CA
Website
einstrong.org
Filings
5 on file (2020–2023)
Revenue
$1.5MFY2023
Expenses
$831K
Net assets
$1.0M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2967762 Private foundation / grantmaker Pasadena, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/26/26 · see original: IRS
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Size
$1–10M
What they do
Provides free adult literacy apps for reading and math to close the global literacy gap.
Leadership
Taewook Kang · Head of Engineering · $212K
Money in and out
$1.5M revenue, $831K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2023
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$831K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $702K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+46%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.5M
FY2023▲ +105%
Expenses
$831K
FY2023▲ +81%
Total assets
$1.0M
FY2023▲ +227%
Total liabilities
$11K
FY2023▲ +78%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$831K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$702K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEinstrong Foundation
EINHdr · item D84-2967762
Principal addressHdr · item CPasadena, CA
WebsiteHdr · item Jeinstrong.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of Engineering
$212,308Pt VII · Sec A
Ed, in House Cousel
$160,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2020
Taewook Kang$212,308
Myanna Dellinger$160,000
Rhea Sanchez$68,197

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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Mission & Programs · Part III

Where the work happens

1 program service account for $831K of program spending, described in the organization's own filed words · FY2023.
01

To help close the world wide literacy gap by providing free access to reading and numeracy curriculum via adult literacy APPS.PROVIDED monthly monetary assistance to individuals and families in compelling need, and contribute and foster social development to lift people out of the poverty cycle through education.

$831Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.5M
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$831K
Total functional expensesLn 25$831K

Balance Sheet

Part X · end of year
CashLn 1$102K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$11K
Total net assetsLn 32$1.0M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $102K · Operating expenses/yr $831K
1.5 months
Where the money goes
Program services
Program services $831K · Total expenses $831K
100%
Management & General
Management & general $0 · Total expenses $831K
0%
Fundraising
Fundraising $0 · Total expenses $831K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $1.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
100%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $831K
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $748K
+105%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $831K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Taewook Kang · Reported title HEAD OF ENGINEERING · Highest reported compensation $212K · Total expenses $831K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $521K · Total expenses $831K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 105%
Legal fee ratio 1%
Accounting fee ratio 0.1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$768K
Grants paid · 49 grants · $1.3M · 2022–2024
Grants to Individuals in CambodiaFY2024$642,720
Omprakash INCWA · FY2024$186,538
Friends Indeed (the Fid Group)FY2024$35,000
Grants to Individuals in South SudaFY2024$28,045
Citizens Climate LobbyCA · FY2024$12,000
Nepal Rising (daayitwa Us)FY2024$5,537
Morris SamuelFY2024$2,800
Alan BednarczykFY2024$2,800
Jonathan DennisFY2024$1,600
Brian AndersonFY2024$1,600
Willie BrownFY2024$1,400
Valeria Garcia CervantesFY2024$1,400
Ubaldo GarciaFY2024$1,400
Ubaldo a GarciaFY2024$1,400
Tricia HaseltineFY2024$1,400
Stephen StapletonFY2024$1,400
Stanley Charles SRFY2024$1,400
Saryu PatelFY2024$1,400
See all 49 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.0M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · viewing · ⤓ 990 PDF
FY2022$748K revenue · ⤓ 990 PDF
FY2021$21K revenue · ⤓ 990 PDF
FY2020$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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