Ilbsg Foundation
- Assets
- $311.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- Data as of
- 12/2022
- EIN
- 83-3010336
Organization Overview
Ilbsg Foundation is located in Schaumburg, IL. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ilbsg Foundation 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, Ilbsg Foundation generated $106.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NO ACTIVITY TO DATE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haripriya Medikundam Secretary | 1 | $0 | |
Praveen C Medikundam Treasurer | 1 | $0 | |
Samuel Alemu President | 1 | $0 | |
Filseta Sereke Berhan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $302 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115 |
| Total expenses | $417 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $311,543 |
| Other assets | $0 |
| Total assets | $311,543 |
| Total liabilities | $0 |
| Net assets or fund balances | $311,543 |
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