Patricia A Ikedum Foundation Inc
- Assets
- $30.7k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawndale, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3604947
Organization Overview
Patricia A Ikedum Foundation Inc is located in Lawndale, CA. 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. Patricia A Ikedum 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, Patricia A Ikedum Foundation Inc generated $25.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.4% each year . All expenses for the organization totaled $21.6k during the year ending 12/2022. While expenses have increased by 57.4% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES CHARITABLE DISTRIBTUIONS TO OTHER QUALIFYING CHARITABLE ORGANIZATIONS, AND BENEVOLENT GIFTS TO INDIGENT INDIVIDUALS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thecla Mgbojirikwe President | 1 | $0 | |
Remigius Mgbojirikwe Treasurer | 1 | $0 | |
Chioma Amy Mgbojirikwe Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| 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 | $0 |
| Total Revenue | $25,000 |
| 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 | $1,167 |
| Total operating and administrative expenses | $2,325 |
| Contributions, gifts, grants paid | $19,250 |
| Total expenses and disbursements | $21,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,710 |
| 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 | $30,710 |
| 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, Patricia A Ikedum Foundation Inc has awarded $19,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENEVOLENT GIVING TO INIDGENT INDIV PURPOSE: BENEVOLENT GIVING TO INIDGENT INDIVIDUALS LESS THAN 1,000. | $1,750 |
CHARITABLE GIVING TO QUALIFYING ORG PURPOSE: CHARITABLE GIVING TO QUALIFYING ORGANIZATIONS LESS THAN 1,000. | $17,500 |