Ogbonna Foundation Inc
- Assets
- $17.8k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Reynoldsburg, OH
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-5147864
Organization Overview
Ogbonna Foundation Inc is located in Reynoldsburg, OH. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ogbonna 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 12/2023, Ogbonna Foundation Inc generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT FOR 45 STUDENTS AT HOLY TRINITY SECONDARY SCHOOL IN IHEAKA, NIGERIA. MONEY WAS SENT IN FEBRUARY 2024 DUE TO ISSUES WITH INTERNATIONAL TRANSFERS.
PROVIDED SUPPORT FOR 10 UNIVERSITY STUDENTS IN IHEAKA, NIGERIA. MONEY WAS SENT IN FEBRUARY 2024 DUE TO ISSUES WITH INTERNATIONAL TRANSFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Onyekachi Ogbonna President | 1 | $0 | |
Chekwubechi Jane Ogbonna Secretary | 0.5 | $0 | |
Chukwunonso Donald Ogbonna Director | 0.5 | $0 | |
Chidiebere Judith Onyia Treasurer | 0.5 | $0 | |
Ann Chinwe Ogbonna Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| 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 | $1 |
| Total Revenue | $5,001 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,778 |
| 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 | $17,778 |
| 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, Ogbonna Foundation Inc has awarded $4,804 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS FOR 10 UNIVERSITY STUD PURPOSE: STUDENT SCHOLARSHIPS | $2,143 |
SCHOLARSHIPS FOR 45 SEC SCHOOL STUD PURPOSE: STUDENT SCHOLARSHIPS | $2,661 |