Michael Taiwo Scholarships
- Assets
- $12.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Elsinore, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-1437535
Organization Overview
Michael Taiwo Scholarships is located in Lake Elsinore, CA. 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. Michael Taiwo Scholarships 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, Michael Taiwo Scholarships generated $47.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 47.2% each year . All expenses for the organization totaled $35.4k during the year ending 12/2023. While expenses have increased by 28.7% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT FOR STANDARD EXAMS FOR 6 SCHOOLS APPLICATIONS; 46 BENEFACTORS
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,602 |
| 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 | $47,602 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,360 |
| Total expenses | $35,360 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,870 |
| Other assets | $0 |
| Total assets | $12,870 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,870 |