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US nonprofit · EIN 871337572 · San Diego, CAiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 871337572) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay.Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Principal officer IRS Form 990-N (e-Postcard) - principal officer named for tax year 2022.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

TL Foundation

Donations deductible
Revenue
$128k
year to 30 June 2025
Expenses
$100k
year to 30 June 2025
Total assets
$905k
Minus $1k liabilities
Net assets
$907k
assets less liabilities
Directors and trustees
5
1.4y av
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
5
named in Part VII
How am I connected?

TL Foundation's network

5 people6 organisationsi5 people and 6 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (6) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Mary WalshokDirector2025
1 yr
Michael Krenn (also filed as Mike Krenn)Director2025
1 yr
Rick ValenciaDirector2025
1 yr
Sureel ShethDirector2025
1 yr
TIM ScottDirector2025
1 yr
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

5 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Andy BallesterChair2025
Christioan SalamanCompany secretary2024
Eric OttersonCompany secretarysince 2024
James MackayCFO/Treasurer2025
Michael KrennCEO2024

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Mike KrennDirector1$0
Tim ScottDirector1$0
Sureel ShethDirector1$0
Rick ValenciaDirector1$0
Mary WalshokDirector1$0
Andy BallesterChair2$0
James MackayCFO/Treasurer1$0
Eric OttersonSecretary1$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Tl Foundation
EIN
871337572
Address
1100 Market Street 441, San Diego, CA, 92101-7420
State
California
Mission
The specific and primary purpose of this corporation is to support the furtherance of economic development in the greater san diego area particularly in the technology and life science startup community and improve the local economy therein by promoting investment, economic growth and business development; create a sustainable model for economic growth for the san diego region; provide job... (as filed on the Form 990)
Activity (NTEE)
S30 Community improvement and capacity building
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Community Improvement & Capacity Building
Size band
5 (IRS master file code)
Formed
2020
Principal officer
David Titus (as named on the Form 990)
IRS ruling date
1 July 2022
Status
Code 01 (unconditional exemption)
Form 990 filings on record
1, latest 2025
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥1years on the filingsMary Walshok
≥1years on the filingsMichael Krenn
≥1years on the filingsRick Valencia
≥1years on the filingsSureel Sheth

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$905k
Total liabilities
Minus $1k
Net assets or fund balances
$907k
Contributions and grants received
$110k
Program service revenue
$0
Employees
0

Filed finances

2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$128k$100k$28k
2023$1m$143k$879k

As filed on the IRS Form 990. US dollars.