Nonprofit · EIN 83-3010336
ILBSG FOUNDATION
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $11,249 | $7,515 | $3,734 | $329,777 | – | $329,777 |
| December 31, 2024 | 990-EZ | $15,040 | $285 | $14,755 | $326,043 | – | $326,043 |
| December 31, 2023 | 990-EZ | $0 | $255 | -$255 | $311,288 | – | $311,288 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $11,249
Expenses
- Grants and similar amounts paid
- $7,500
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $15
- Program services (functional)
- $7,500
Balance sheet and other
- Total assets, start of year
- $326,043
- Total assets, end of year
- $329,777
- Total liabilities, end of year
- –
- Net assets, end of year
- $329,777
- Cash, savings and investments
- $329,777
- Gross receipts
- $11,249
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Alemu | President | 1 | $0 |
| Praveen C Medikundam | Treasurer | 1 | $0 |
| Haripriya Medikundam | Secretary | 1 | $0 |
| Filseta Sereke Berhan | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Alemu | President | 1 | $0 |
| Praveen C Medikundam | Treasurer | 1 | $0 |
| Haripriya Medikundam | Secretary | 1 | $0 |
| Filseta Sereke Berhan | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Alemu | President | 1 | $0 |
| Praveen C Medikundam | Treasurer | 1 | $0 |
| Haripriya Medikundam | Secretary | 1 | $0 |
| Filseta Sereke Berhan | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 802 E WOODFIELD RD, SCHAUMBURG, IL 60173-4712
- In care of
- % SAMUEL ALEMU
- Mailing address (990-N for 2019)
- 802 e woodfield rd ste 400, schaumburg IL 60173
- Principal officer (990-N for 2019)
- samuel alemu, 802 e woodfield rd ste 400, schaumburg IL 60173
- Signed the 990-EZ
- Samuel Alemu, President
- Phone
- (847) 809-5135
- Return prepared by
- MICHAEL P ANDERSON CPA LTD
Mission
Assisting residents of rural and urban Illinois in funding higher education and advancing careers by providing new opportunities for success.
Program accomplishments
- Provided grants to organizations for educational assistance.Expenses $7,500 · grants $7,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-3010336
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $329,777
- Income (IRS master file)
- $11,249
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $11,249 | $7,515 | $329,777 | XML |
| 990-EZ | December 2024 | $15,040 | $285 | $326,043 | XML |
| 990-EZ | December 2023 | $0 | $255 | $311,288 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: samuel alemu | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-3010336).
Questions about ILBSG FOUNDATION
- What is the EIN of ILBSG FOUNDATION?
- The employer identification number (EIN) of ILBSG FOUNDATION is 83-3010336.
- Is ILBSG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ILBSG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILBSG FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ILBSG FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILBSG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of ILBSG FOUNDATION?
- The 990-N for 2019 names samuel alemu.
- Who are the officers and directors of ILBSG FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ILBSG FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $11,249, expenses of $7,515 and total assets of $329,777 at year end.
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