Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 81-3790013

MICHAEL SKOUBIS FOUNDATION

Tax-exempt · SCHAUMBURG, IL 60173

Financials

$38K$15K2023$39K$16K2024
Revenue Expenses · by fiscal year end
Financials of MICHAEL SKOUBIS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$38,621$16,332$22,289$133,380–$133,380
December 31, 2023990-EZ$38,080$14,981$23,099$111,091–$111,091
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Investment income
$3,698
Net income from fundraising events
$34,923

Expenses

Grants and similar amounts paid
$12,000
Compensation of officers, directors and key employees
$0
Other expenses
$4,332
Program services (functional)
$11,000

Balance sheet and other

Total assets, start of year
$111,091
Total assets, end of year
$133,380
Total liabilities, end of year
–
Net assets, end of year
$133,380
Cash, savings and investments
$133,380
Gross receipts
$53,771

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOHN SKOUBISPresident5$0
JAMES CHIAKULASDirector2$0
JAMES KONTOPOULOSTreasurer3$0
PETER BARTZISDirector2$0
STEVE KONSTANTOPOULOSDirector1$0
ZACHARY P BAZIANOSDirector2$0
FOTIOS THEODOSOPOULOSDirector2$0
NICK SKOUBISDirector1$0
HELEN SKOUBISDirector1$0
990-EZ for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JOHN SKOUBISPresident5$0
JAMES CHIAKULASDirector2$0
JAMES KONTOPOULOSTreasurer3$0
PETER BARTZISDirector2$0
STEVE KONSTANTOPOULOSDirector1$0
ZACHARY P BAZIANOSDirector2$0
FOTIOS THEODOSOPOULOSDirector2$0
NICK SKOUBISDirector1$0
HELEN SKOUBISDirector1$0

Address and contacts

Address (IRS master file)
1990 E ALGONQUIN RD STE 230, SCHAUMBURG, IL 60173-4157
In care of
% JOHN N SKOUBIS
Signed the 990-EZ
JOHN SKOUBIS, President
Phone
(847) 565-5000
Return prepared by
JOHN G SOTOS AND ASSOCIATES LLC

Mission

TO PROMOTE EDUCATION

990-EZ for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE COLLEGE SCHOLARSHIPS TO SUPPORT EDUCATION AND HELP STUDENTS SET GOALS AND STRIVE TO ACHIEVE EXCELLENCE. NEW ORGANIZATION, EXPECT TO AWARD SCHOLARSHIPS BASED ON NEED AND ACADEMIC PERFORMANCE.
    Expenses $11,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for MICHAEL SKOUBIS FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-3790013
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$133,380
Income (IRS master file)
$53,771

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$38,621$16,332$133,380XML
990-EZDecember 2023$38,080$14,981$111,091XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3790013).

Questions about MICHAEL SKOUBIS FOUNDATION

What is the EIN of MICHAEL SKOUBIS FOUNDATION?
The employer identification number (EIN) of MICHAEL SKOUBIS FOUNDATION is 81-3790013.
Is MICHAEL SKOUBIS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to MICHAEL SKOUBIS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MICHAEL SKOUBIS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MICHAEL SKOUBIS FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MICHAEL SKOUBIS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of MICHAEL SKOUBIS FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does MICHAEL SKOUBIS FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $38,621, expenses of $16,332 and total assets of $133,380 at year end.

Other nonprofits in SCHAUMBURG

All nonprofits in SCHAUMBURG · Illinois · Youth development