Ogbakor Ikwerre Inc Usa A Georgia Corporation is located in Los Angeles, CA. The organization was established in 2009. 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. Ogbakor Ikwerre Inc USA A Georgia Corporation 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 12/2016, Ogbakor Ikwerre Inc USA A Georgia Corporation generated $8.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $34.6k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC OR LITERARY DEVELOPMENT PURPOSES, ENCOURAGE CLOSER COOPERATION AND UNDERSTANDING AMONG IKWERRE INDIGENCES LIVING IN THE UNTED STATES AND ELSEWHERE; TO PROVIDE EXPERTISE AND/ OR OTHERS RESOURCES FOR THE DEVELOPMENT OF IKWERRE AND OTHER COMMUNITIES, TO PROMOTE MUTUAL UNDERSTANDING AND FRIENDSHIP BETWEEN IKWERRE INDIGENES AND OTHER PEOPLE OF OTHER NATIONALITIES AND CULTURAL BACKGROUNDS; TO PROMOTE A POSITIVE IMAGE OF IKWERRE COMMUNITY AND PRESERVE HER CULTURAL HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION APPROVED A FOUR YEARS FUNDING FOR 8 STUDENTS IN NIGERIA UNIVERSITIES UNDER THE HIGHER EDUCATION SCHOLARSHIP (GRANT)PROGRAM. FIRST YEAR OF THE 4 YEAR PROGRAM WAS FULLY FUNDED IN 2014 IN THE AMOUNT OF $4,502.97. ADMINISTRATIVE COSTS OF THE SCHOLARSHIP WAS $1,631.27 AND SCHOLARSHIP PUBLICATION $855.65. TOTAL GRANT PROVIDED WAS $6,989.89.IN 2015, WAS FUNDED IN THE AMOUNT OF $2,962.77. ADMINISTRATIVE COSTS OF THE SCHOLARSHIP WAS $2,572.44.TOTAL GRANT PROVIDED WAS $5,534
IN 2013 THE ORGANIZATION APPROVED A FOUR YEARS LONG TERM HEALTH AWARENESS INITIATIVE PROGRAM TO PROVIDE HEALTH SCREENNG AND EDUCATION TO THE FOUR IKWERRE LOCAL GOVERNMENT AREAS IN RIVERS STATE, NIGERIA. IN 2013, OIUSA, INC. IN PARTNERSHIP WITH RIVERS STATE INSTITUTE OF HEALTH TECHNOLOGY IN NIGERIA, EMBARKED ON ITS FIRST FREE MEDICAL SCREENING AND HEALTH EDUCATION OUTREACH EVENT. IN IKERRE COMMNUNITY, WHICH CONSISTED 4 LOCAL GOVERNMENT AREAS. THE SCREENING INCLUDED DIABETIC AND BLOOD PRESSURE TES
CHARITABLE OUTREACH. WE EXTENDED DONATIONS TO OTHER CHARITABLE ORGANIAATION AS PART OF THE ORGANIZATION'S POLICY TO PROVIDE FINANCIAL GRANTS TO ORGANIZATIONS WITH SIMILAR OBJECTIVES. IN 2014, WE PROVIDED FINANCIAL ASSISTANCE TO OTHER NGOS IN THE AMOUNT OF $500. WE ALSO RECEIVED SUPPORT FROM OTHER NGOS IN THE AMOUNT OF $400. IN 2015, WE PORVIDED FINANCIAL ASSISTANCE TO OTHER NGOS IN THE AMOUNT OF $600.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Fortune Boms President/ceo | Officer | 4 | $0 |
Ms Tracy Eleonu Historian | Officer | 2 | $0 |
Dr Uchechukwu Wejinya Public Relations Officer | Officer | 0 | $0 |
Mr Chika Wosa Secretary | Officer | 4 | $0 |
Princess Adaeze Ogundu Cultural Affairs | Officer | 2 | $0 |
Dr Chinyere Nyenke Administrator Of Children And Youth Program | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,730 |
Fundraising events | $11,721 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,451 |
Total Program Service Revenue | $0 |
Investment income | $100 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,925 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,191 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,362 |
Office expenses | $1,830 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,680 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,468 |
Interest | $0 |
Payments to affiliates | $4,150 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $1,330 |
Total functional expenses | $34,595 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $27,726 |
Savings and temporary cash investments | $10,456 |
Pledges and grants receivable | $90,616 |
Accounts receivable, net | $150 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,086 |
Total assets | $133,034 |
Accounts payable and accrued expenses | -$3,833 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | -$3,833 |
Unrestricted restricted net Assets | $136,867 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $136,867 |