Non-profit

Epoch Public Foundation

Website:

www.epochpublicfoundation.org

Location:

Houston, TX

Tax ID:

68-0650661

Tax-Exempt Status:

501(c)(3)

Budget (2021):

Revenue: $11,992,297
Expenses: $11,996,811
Assets: $20,991,555

Type:

Nonprofit

Formation:

2007

Affiliated with:

Epoch Times

Former President:

John Zhong Tang

Former President's Salary (2022):

$0 8

References

  1. Epoch Public Foundation, Return of Organization Exempt from Income Tax (Form 990), 2022, Part VII, Section A, Line 1a.
Budget (2022):

Total Revenue: $3,638,266
Total Expenses: $2,700,186
Total Assets: $1,343,008 9

References

  1. Epoch Public Foundation, Return of Organization Exempt from Income Tax (Form 990), 2022, Part I & II.

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The Epoch Public Foundation is a nonprofit organization that supports the production and promotion of the Epoch Times newspaper and the New Tang Dynasty television network. 1

IRS Complaint

On June 13, 2024, the left-wing advocacy group Accountable.US filed an IRS complaint against both the Epoch Public Foundation (EPF) and the Epoch Times Association (ETA). The complaint requested an investigation into alleged reporting errors and inconsistencies in the organizations’ 990 filings for tax years 2021 and 2022. Accountable.US began looking into the Epoch Times’ nonprofit tax returns ahead of his arrest of Bill Guan for his alleged involvement in a money laundering scheme. The complaint arguees that as treasurer of the Epoch Public Foundation and CFO of the Epoch Times Association, Bill Guan, was listed as the signatory for both organizations’ filings and may have been the person who prepared the returns, as neither organization reported using a paid preparer. 2

Funding

The Epoch Public Foundation is funded by donations from individuals, foundations, and businesses. While the Epoch Public Foundation does not disclose its donors, tax filings confirm donations from the Epoch Times Association ($11 million in 2022) 3 and New Tang Dynasty ($1.29 million in 2022). 4

Board of Directors

John Zhong Tang is the former president of the Epoch Public Foundation and the former CEO of the Epoch Times. Tang resigned from the Epoch Times, New Tang Dynasty Television, and their subsidiaries effective June 7, 2024. 5

Bill Guan was the treasurer of the board of the Epoch Public Foundation and CFO of the Epoch Times. On June 2, 2024, Guan was charged over his alleged involvement in a money laundering scheme involving more than $67 million. 6

Shaoling Huang is the secretary of the board of Epoch Public Foundation and media director at the Epoch Media Group. 7

References

  1.  “Home.” Epoch Public Foundation. Accessed June 12, 2024. https://www.epochpublicfoundation.org/
  2. “Accountable.US Files IRS Complaint Against Far-Right Epoch Times Network.” Accountable.us. Accessed June 20, 2024. https://accountable.us/accountable-us-files-irs-complaint-against-far-right-epoch-times-network/.
  3. Epoch Times Association, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule I, Part II.
  4. Universal Communications Network DBA New Tang Dynasty, Return of Organization Exempt from Income Tax (Form 990), 2022, Schedule I, Part II.
  5. “Joint Statement from the Board of the Epoch Times Association Inc and the Board of New Tang Dynasty Television.” The Epoch Times, June 7, 2024. Accessed June 12, 2024. https://www.theepochtimes.com/article/joint-statement-from-the-board-of-the-epoch-times-association-inc-and-the-board-of-new-tang-dynasty-television-5664861.
  6. “Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme.” Associated Press, June 3, 2024. Accessed June 12, 2024. https://apnews.com/article/epoch-times-cfo-indictment-money-laundering-caad358778bb6b73e32e9f989f3b9665
  7. “Shaoling Huang.” LinkedIn. Accessed June 12, 2024. https://www.linkedin.com/in/shaoling-huang-96aaa1119/.
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: August 1, 2007

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2021 Dec Form 990 $11,992,297 $11,996,811 $20,991,555 $20,586,627 N $11,992,297 $0 $0 $0
    2020 Dec Form 990 $2,054,430 $1,871,768 $409,442 $0 N $2,054,430 $0 $0 $0 PDF
    2017 Dec Form 990 $8,613 $284,928 $235,568 $0 N $8,613 $0 $0 $0 PDF
    2016 Dec Form 990 $271,774 $549,137 $511,883 $0 N $55,643 $216,131 $0 $0 PDF
    2015 Dec Form 990 $802,558 $618,765 $789,246 $0 N $78,515 $724,043 $0 $0 PDF
    2014 Dec Form 990 $1,562,069 $1,288,228 $671,480 $66,027 N $56,812 $1,505,257 $0 $0 PDF
    2013 Dec Form 990 $1,004,948 $878,418 $369,339 $37,727 N $94,575 $910,373 $0 $0 PDF
    2012 Dec Form 990 $458,059 $480,605 $44,148 $0 N $70,453 $387,606 $0 $0 PDF
    2011 Dec Form 990EZ $41,207 $61,773 $66,694 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Epoch Public Foundation

    7001 CORPORATE DR STE 206
    Houston, TX 77036-5115