Nonprofit · EIN 31-1626294
BOREHOLES INC
Tax-exempt · ELLENWOOD, GA 30294
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $47,709 | -$47,709 | $14,884 | $0 | $14,884 |
| December 31, 2023 | 990 | $123,301 | $94,052 | $29,249 | $62,593 | $0 | $62,593 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $47,709
Balance sheet and other
- Total assets, start of year
- $62,593
- Total assets, end of year
- $14,884
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,884
- Net assets without donor restrictions
- $14,884
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- GA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Victor Ibeanusi | 4515 Investor Lane Ellenwood Wood GA 30294 Officer | 15 | $0 |
| Nokware Adesegun | 3375 Centerville hwy #390732 Snellville GA 30039 Trustee or director | 1 | $0 |
| Leslie ibeanusi | 1585 St Gabriel Avenue Decatur GA 30032 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Victor Ibeanusi | 4515 Investor Lane Ellenwood Wood GA 30294 Officer | 15 | $0 |
| Nokware Adesegun | 3375 Centerville hwy #390732 Snellville GA 30039 Trustee or director | 1 | $0 |
| Leslie ibeanusi | 1585 St Gabriel Avenue Decatur GA 30032 Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4515 INVESTORS LN, ELLENWOOD, GA 30294-6417
- Mailing address (990-N for 2021)
- P O Box 361645, Decatur GA 30036
- Principal officer (990 for 2024)
- Victor Ibeanusi, 4515 Investors Lane, Ellenwood, GA 30294
- Principal officer (990-N for 2021)
- Victor Ibeanusi, P O Box 361645, Decatur GA 30036
- Signed the 990
- Victor Ibeanusi, President
- Phone
- (404) 642-3295
- Return prepared by
- ERIC ORUBELE CPA PC
Mission
Providing geosptial technologies and providing solutions to water quality challenges
Program accomplishments
- Action plans focus on 1) Climate change impact mitigation 2) Water quality 3) Capacity building through community engagements, and 4) Partnering with institutions to meet critical research needs. These efforts have resulted in 1) Promotion of sustainability programs 2)maximization of social and health benefits through training and education and 3)effective mobilization and use of resources by partnering with local, state agencies and private sectorsExpenses $47,709
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1626294
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Environment (C20)
- Assets (IRS master file)
- $14,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $47,709 | $14,884 | XML |
| 990 | December 2023 | $123,301 | $94,052 | $62,593 | XML |
| 990 | December 2022 | $126,699 | $93,355 | $33,344 | IRS |
| 990-N for 2021 Officer: Victor Ibeanusi | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Victor Ibeanusi | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Victor Ibeanusi | 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 31-1626294).
Questions about BOREHOLES INC
- What is the EIN of BOREHOLES INC?
- The employer identification number (EIN) of BOREHOLES INC is 31-1626294.
- Is BOREHOLES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BOREHOLES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOREHOLES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BOREHOLES 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 BOREHOLES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BOREHOLES INC?
- The 990 for the year ended December 31, 2024 names Victor Ibeanusi.
- Who are the officers and directors of BOREHOLES INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BOREHOLES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $47,709 and total assets of $14,884 at year end.
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