Neoped Foundation Inc
- Assets
- $21.9k
- Revenue
- $201.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 36-4089527
Organization Overview
Neoped Foundation Inc is located in Oak Brook, IL. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neoped Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Neoped Foundation Inc generated $201.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $181.9k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Udochukwu O Asonye MD President | 20 | $0 | |
Marcia Dawson MD Treasurer | 20 | $0 | |
Dorothy Garrett Secretary | 20 | $0 | |
Dr Rabi Sulayman Director | 20 | $0 | |
Dr Ravi George Director | 20 | $0 | |
Dr Leonardo Malalis Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,965 |
| Printing and publications | $0 |
| Other expenses | $30,417 |
| Total operating and administrative expenses | $44,731 |
| Contributions, gifts, grants paid | $137,150 |
| Total expenses and disbursements | $181,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,873 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,873 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Neoped Foundation Inc has awarded $137,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HERITAGE MEDICAL EDUCATIONAL CULTURAL FOUNDATION PURPOSE: CHARITABLE USE IN THE GENERAL FUND | $108,150 |
SCHOLARSHIPS - USA PURPOSE: CHARITABLE | $29,000 |