Nonprofit · EIN 27-1447913
FOBA FOUNDATION INC
Tax-exempt (reinstated) · BARTLETT, IL 60103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $67,925 | $66,737 | $1,188 | $0 | $0 | $1,188 |
| December 31, 2023 | 990-EZ | $72,243 | $69,697 | $2,546 | $0 | $0 | $2,546 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $67,925
Expenses
- Benefits paid to members
- $3,150
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $28,450
- Professional fees and payments to contractors
- $3,435
- Printing, publications and postage
- $488
- Other expenses
- $31,214
- Program services (functional)
- $29,300
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,188
- Gross receipts
- $67,925
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRES OQUENDO | PRESIDENT | 0 | $0 |
| DR JOCELYN HARNEY | SECRETARY | 0 | $0 |
| OLUSEGUN DANIEL | TREASURER | 0 | $0 |
| VINCENT J WILLIS JR | VICE CHAIRMAN | 0 | $0 |
| STACEY OQUENDO | CHIEF OPERATING OFFICE | 0 | $0 |
| DORCAS DAVILLA | ADVISOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRES OQUENDO | PRESIDENT | 0 | $0 |
| DR JOCELYN HARNEY | SECRETARY | 0 | $0 |
| OLUSEGUN DANIEL | TREASURER | 0 | $0 |
| VINCENT J WILLIS JR | VICE CHAIRMAN | 0 | $0 |
| STACEY OQUENDO | CHIEF OPERATING OFFICE | 0 | $0 |
| DORCAS DAVILLA | ADVISOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1555 MISSION CT, BARTLETT, IL 60103-8918
- In care of
- % FRES OQUENDO
- Mailing address (990-N for 2019)
- 1555 MISSION CT, BARTLETT IL 60103
- Principal officer (990-N for 2019)
- FRES OQUENDO, 1555 MISSION CT, BARTLETT IL 60103
- Signed the 990-EZ
- FRES OQUENDO, OWNER
- Phone
- (787) 464-5151
- Website
- fobaintl.org
- Return prepared by
- A&R TAXPROS LLC
Mission
Educate youth and communities in the art of boxing.
Program accomplishments
- Fres who as a World Boxing Council Ambassador was estatic to again host boxing exhibitions for the 3rd consectuive year in Mexico This year Dreamers Assoc. and the Warden from the State Prison in the City of Coahuila partnered to assist FOBA with training gear and all the equiptment needed to increase the number of exhibitions and participants. The parternship felt that this years increased number of boxing exhibtions would help to garner additional interest for future events. Fres was diligent in distilling in these participants the importance of a sound mind and body through health and wellness, social development, and education, derived from the Sport of Boxing.Expenses $8,800
- The FOBA Foundation was once again asked to put on a boxing exhibition during the 32nd Annual Fiesta Boricua August 30th and 31st of 2025 De Bandera a Bandera. FOBA partnered with the local businesses and the City of Chicago including the Mayor and local Alderman to host the boxing exhibtions on Division St. The boxing ring is strategically placed to ensure everyone is able to enjoy and cheer on the youths who are living the vision of FOBA by competing in these exhibitions. All particiapants are given trophies purchased with the donations made to the FOBA Foundation.Expenses $4,600
- Fres has made a conservative effort to use the donations and grants to help other retired boxers assist him with the boxing exhibitions. Last year alone FOBA was able to employ three retired boxers throughout the year for various events. He is able to pay them for the time they invest to uphold the FOBA Foundation mission and vision. One of the boxers has also traveled to Mexico to help Fres with the exhibitions for the last 2 years.Expenses $15,900
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 27-1447913
- 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 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $67,925
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- August 11, 2014
- Reinstated
- Effective July 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $67,925 | $66,737 | $0 | XML |
| 990-EZ | December 2023 | $72,243 | $69,697 | $0 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: FRES OQUENDO | 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 27-1447913).
Questions about FOBA FOUNDATION INC
- What is the EIN of FOBA FOUNDATION INC?
- The employer identification number (EIN) of FOBA FOUNDATION INC is 27-1447913.
- Is FOBA FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective July 15, 2015.
- Are donations to FOBA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOBA FOUNDATION INC 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 FOBA FOUNDATION INC 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 FOBA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of FOBA FOUNDATION INC?
- The 990-N for 2019 names FRES OQUENDO.
- Who are the officers and directors of FOBA FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does FOBA FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $67,925, expenses of $66,737 and total assets of $0 at year end.
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