SRI LANKA FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SRI LANKA FOUNDATION (EIN 06-1701803)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202543219349104409
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T10:44:01-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Disaster ReliefLOS ANGELES COUNTY WILDFIRESDisasterReliefTxt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN953695224PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1UY & ARANDA ACCOUNTANCY CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line116530 VENTURA BLVD STE 306AddressLine1Txt
CityENCINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91436ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061701803EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SRI LANKA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSRILBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11930 WILSHIRE BLVD 1100AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90057ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWALTER JAYASINGHE MDPersonNm
Person TitleBOARD CHAIRMANPersonTitleTxt
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERLINDA C ARANDAPreparerPersonNm
PTINP00291455PTIN
Phone8189070632PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$26,681FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,577,733ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$1,577,733TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$153,699CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$76,850CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$365,017OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$182,509OthEmplSlrsWgsDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,460AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,730AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss$8,711DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$362,249OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$181,125OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$694,201OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$347,103OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,591,337TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$791,317TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,591,337TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$791,317TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$13,604ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$17,821SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$12,924SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$17,294SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$126,511LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$117,124LandBldgEquipAccumDeprecAmt
Land BOY$18,098LandBOYAmt
Land EOY$9,387LandEOYAmt
Land EOYFMV$9,387LandEOYFMVAmt
Other Assets EOY$2OtherAssetsEOYAmt
Total Assets BOY$35,919TotalAssetsBOYAmt
Total Assets EOY$22,313TotalAssetsEOYAmt
Total Assets EOYFMV$26,681TotalAssetsEOYFMVAmt
Other Liabilities BOY$18,050OtherLiabilitiesBOYAmt
Other Liabilities EOY$18,048OtherLiabilitiesEOYAmt
Total Liabilities BOY$18,050TotalLiabilitiesBOYAmt
Total Liabilities EOY$18,048TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$17,869NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,265NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$17,869TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,265TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$35,919TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$22,313TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$17,869TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$13,604ExcessRevenueOverExpensesAmt
Subtotal$4,265SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,265TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Due$0TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1WALTER JAYASINGHE MDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2138006472PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11930 WILSHIRE BLVD STE 1100AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90057ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DISHAN JAYASINHA
1930 WILSHIRE BLVDLOS ANGELESCA90057President20.00$108,699
AESHEA JAYASINGHE
880 ROSALIND ROADSAN MARINOCA91108Director10.00$0
DR J DE SILVA
1930 WILSHIRE BLVDLOS ANGELESCA90057Director0.00$0
ANUREE DE SILVA
1930 WILSHIRE BLVDLOS ANGELESCA90057Director0.00$0
SHIRANI STANISLAUS
1930 WILSHIRE BLVDLOS ANGELESCA90057Secretary30.00$45,000
WALTER JAYASINGHE
880 ROSALIND ROADSAN MARINOCA91108BOARD CHAIRMAN10.00$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ACHALA WEERASINGHE
2405 AMELIA CTSIGNAL HILLCA90755DIR CULTURAL AFFAI40.00$86,567
MIGUEL JERI
820 N VAN NESS AVENUELOS ANGELESCA90038MAINT/EVENTS/STAGI40.00$51,191
HARRISON LUOMA
107 W DRYDEN ST SPT 210GLENDALECA91202CHIEF ADMIN OFFICE40.00$59,391

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

FieldValueIRS element (for citing)
PersonDEWAPRIYA JAYAWICKRAMAPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11023 NORTH GLENDORA AVENUEAddressLine1Txt
CityCOVINACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91724ZIPCd
FieldValueIRS element (for citing)
Service TypeMEDIA AUDIO-VIDEO PRODUServiceTypeTxt
Compensation$68,500CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CONDUCTED/SPONSORED SEVERAL MUSICAL AND CULTURAL PROGRAMS THROUGHOUT THE YEAR TO PROMOTE THE ADVANCEMENT AND ENJOYMENT OF SRI LANKAN CULTURE IN THE COUNTRY. THE FOUNDATION ALSO OPENED A PERFORMING ARTS CENTER TO FURTHER PROMOTE THE SRILANKAN CULTURE. LIVE EVENTS WERE LIMITED DUE TO THE PANDEMIC SO THE FOUNDATION INVESTED FUNDS TOWARDS IMPROVING WEB ACCESS TO ENABLE THE PUBLIC TO WATCH THE EVENTS ONLINE. AFTER THE PANDEMIC, THE ENTITY IN CONDUCTING MORE LIVE EVENTS INCLUDING AWARDS AND RECOGNITION EVENTS TO SELECTED MEMBERS OF THE COMMUNITY.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,101AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,101TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$13,101AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$197CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,904NetVlNoncharitableAssetsAmt
Minimum Investment Return$645MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$645MinimumInvestmentReturnAmt
Distributable Before Adj$645DistributableBeforeAdjAmt
Distributable Before Ded$645DistributableBeforeDedAmt
Distributable As Adjusted$645DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$791,317ExpensesAndContributionsAmt
Qualifying Distributions$791,317QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$645DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$896,772ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$720,450ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$713,356ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$819,741ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$751,747ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,902,066TotalExcessDistributionCyovAmt
Qualifying Distributions$791,317QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$645AppliedToCurrentYearAmt
Remaining Distri From Corpus$790,672RemainingDistriFromCorpusAmt
Total Corpus$4,692,738TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$896,772ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,795,966ExcessDistriCyovToNextYrAmt
Excess From Year4$720,450ExcessFromYear4Amt
Excess From Year3$713,356ExcessFromYear3Amt
Excess From Year2$819,741ExcessFromYear2Amt
Excess From Year1$751,747ExcessFromYear1Amt
Excess From Current Year$790,672ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
WALTER JAYASINGHE MD
1880 ROSALIND ROADSAN MARINOCA91108$712,500Yes (X)
JAYASINHALA FOUNDATION
2880 ROSALIND ROADSAN MARINOCA91108$694,196Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLEGAL & ACCOUNTINGCategoryTxt
Amt$7,460Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,730DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (7 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
OFFICE EQUIPMENT2019-07-19$2,894$2,248200DB0.0892$258
OFFICE EQUIPMENT2019-07-19$7,784$6,046200DB0.0892$694
OFFICE EQUIPMENT2019-07-19$1,027$799200DB0.0892$92
OFFICE FURNITURE2019-07-19$832$647200DB0.0892$74
OFFICE FURNITURE2019-08-29$11,821$9,183200DB0.0892$1,054
AUTO2019-02-09$71,030$66,940200DB0.0576$4,090
FURNITURE2023-09-12$10,000$1,429200DB0.2449$2,449

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtEOYFMVEOYFMVAmtBook ValueBookValueAmt
Auto./Transportation Equip.$71,030$71,030$9,387
Furniture and Fixtures$42,944$35,236$7,708
Machinery and Equipment$12,537$10,858$1,679

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$2EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
AUTO EXPENSE$13,701$6,851
BUSINESS REGISTRATION FEES$200$100
CONTRACT SERVICES$4,118$2,059
EVENT AWARD EXPENSES$237,416$118,708
HEALTH INSURANCE$44,573$22,287
MISCELLANEOUS$43,311$21,656
OFFICE-$35-$18
PAYROLL PROCESSING FEES$3,319$1,660
PAYROLL TAXES$41,862$20,931
PERFORMANCE ART CENTER EXPENSES$130,913$65,457
SRI LANKA DAY EVENT EXPENSES$152,161$76,081
SUPPLIES$22,662$11,331

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
PAYROLL TAXES PAYABLE$5,216$5,216
Rounding$2

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