Ilbsg Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 833010336 ✦ Schaumburg, IL ✦ Designated as a 501(c)(3)

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Overview

What is Ilbsg Foundation?

The Ilbsg Foundation is a nonprofit organization located in Illinois, committed to supporting residents from both rural and urban areas. Their primary mission is to help individuals fund their higher education and advance their careers by offering new opportunities for success. Despite having no activity to date, the foundation remains dedicated to this cause.

Is Ilbsg Foundation legitimate?

Ilbsg Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ilbsg Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Ilbsg Foundation?

The Ilbsg Foundation's mission is centered around helping residents in rural and urban Illinois. Their primary objective is to facilitate higher education funding and career advancement for these individuals. By offering new opportunities, they aim to contribute to their success. As of now, the foundation has not initiated any activities in this regard.

Who is the CEO of Ilbsg Foundation?

Samuel Alemu is the President of Ilbsg Foundation.

What is the revenue of Ilbsg Foundation?

Ilbsg Foundation's revenue in 2022 was $106,000.

Who are the executives of Ilbsg Foundation and what are their salaries?


Here are 4 key members and their salaries:


Samuel Alemu (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Praveen C Medikundam (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haripriya Medikundam (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Filseta Sereke Berhan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Ilbsg Foundation?

Ilbsg Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Ilbsg Foundation

The Ilbsg Foundation, with its mission stated, aims to assist residents in both rural and urban areas of Illinois by providing opportunities for higher education and career advancement. This nonprofit organization seeks to create new avenues for success, yet, as of currently, no specific activities have been undertaken in this regard.

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Impact




October, 2024

The Ilbsg Foundation aims to significantly impact the residents of rural and urban Illinois by providing support for higher education and career advancement. By facilitating access to educational resources and funding, the foundation fosters new opportunities for success. This initiative is particularly crucial in helping individuals overcome financial barriers that can hinder their educational pursuits and professional growth. Through its mission, the Ilbsg Foundation seeks to empower the community, ultimately contributing to a more educated workforce and enhanced economic prospects for individuals in Illinois.




This information is meant to be a general summary of Ilbsg Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$106,000 (2022)
Expenses
$417 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $106,000

Assets and Liabilities:

  • Total Assets: $311,543
  • Total Liabilities: $0
  • Net Assets: $311,543

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Organization Details

Principal Officer

Samuel Alemu

Main Address

802 E Woodfield Rd, Schaumburg, IL, 601734713

NTEE Category

Code: B12 - Education

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