Nonprofit · EIN 55-0871878
M&G ETOMI FOUNDATION
Tax-exempt (reinstated) · CHARLOTTE, NC 28277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $91,524 | $96,740 | -$5,216 | $29,579 | $34,795 | -$5,216 |
| December 31, 2024 | 990 | $137,666 | $137,510 | $156 | $3,187 | $3,187 | $0 |
| December 31, 2023 | 990 | $138,000 | $109,541 | $28,459 | $5,694 | $5,694 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $91,524
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $8,992
- Professional fundraising fees
- $0
- Depreciation
- $6,904
- Program services (functional)
- $96,740
Balance sheet and other
- Total assets, start of year
- $3,187
- Total assets, end of year
- $29,579
- Total liabilities, end of year
- $34,795
- Net assets, end of year
- -$5,216
- Land, buildings and equipment
- $27,616
- Gross receipts
- $91,524
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2004
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Etomi | President Trustee or director | 1 | $1 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Etomi | President Trustee or director | 1 | $1 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Etomi | President Trustee or director | 1 | $1 |
Address and contacts
- Address (IRS master file)
- 5420 CALLANDER CT, CHARLOTTE, NC 28277-5556
- In care of
- % MICHAEL ETOMI
- Principal officer (990 for 2025)
- Michael Etomi, 5420 Callander Ct, Charlotte, NC 28277
- Signed the 990
- Michael Etomi, President
- Phone
- (704) 574-1176
- Return prepared by
- Lana Trust Accounting LLC
Mission
To develop and implement programs and activities to assist lower income individuals living in distressed conditions and breaking the cycle of poverty.
Program accomplishments
- 1. Computer Training Program: 6 hours per day, 3 days per week 3 months program for each section. Persons benefited: 50 people 2. Catering Training :For job preparation, 120 people benefited. 3. Supporting Sports activities to young children in economically distress area more than 500 children have been benefited.Expenses $96,740 · revenue $91,524
- 00
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 | 990 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
- 55-0871878
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $29,579
- Income (IRS master file)
- $91,524
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
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 | December 2025 | $91,524 | $96,740 | $29,579 | XML |
| 990 | December 2024 | $137,666 | $137,510 | $3,187 | IRS |
| 990 | December 2023 | $138,000 | $109,541 | $5,694 | XML |
| 990 | December 2022 | $110,225 | $111,019 | $9,259 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 55-0871878).
Questions about M&G ETOMI FOUNDATION
- What is the EIN of M&G ETOMI FOUNDATION?
- The employer identification number (EIN) of M&G ETOMI FOUNDATION is 55-0871878.
- Is M&G ETOMI FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to M&G ETOMI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does M&G ETOMI 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 M&G ETOMI 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 M&G ETOMI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of M&G ETOMI FOUNDATION?
- The 990 for the year ended December 31, 2025 names Michael Etomi.
- Who are the officers and directors of M&G ETOMI FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $1 (Michael Etomi, President).
- How much revenue does M&G ETOMI FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $91,524, expenses of $96,740 and total assets of $29,579 at year end.
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