Nonprofit · EIN 81-5215301
SERGE IBAKA FOUNDATION INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,895 | $62,553 | -$59,658 | $738 | $0 | $738 |
| December 31, 2023 | 990 | $28,532 | $113,337 | -$84,805 | $60,396 | $0 | $60,396 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,895
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $59,428
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,895
- Program services (functional)
- $59,428
- Management and general (functional)
- $3,125
Balance sheet and other
- Total assets, start of year
- $60,396
- Total assets, end of year
- $738
- Total liabilities, end of year
- $0
- Net assets, end of year
- $738
- Gross receipts
- $2,895
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2017
- State of legal domicile
- FL
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 |
|---|---|---|---|
| SERGE J IBAKA | PRESIDENT Trustee or director, Officer | 4 | $0 |
| ANDY MILLER | DIRECTOR Trustee or director | 0 | $0 |
| JUAN AISA | DIRECTOR Trustee or director | 0.5 | $0 |
| PERE GALLEGO | DIRECTOR Trustee or director | 15 | $0 |
| MIGUEL ALFAGEME | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| HECTOR J MIR ESQ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| VICTOR M GIL | TREASURER Officer | 6 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SERGE J IBAKA | PRESIDENT Trustee or director, Officer | 4 | $0 |
| ANDY MILLER | DIRECTOR Trustee or director | 0 | $0 |
| JUAN AISA | DIRECTOR Trustee or director | 0.5 | $0 |
| PERE GALLEGO | DIRECTOR Trustee or director | 15 | $0 |
| MIGUEL ALFAGEME | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| HECTOR J MIR ESQ | SECRETARY Trustee or director, Officer | 1 | $0 |
| VICTOR M GIL | TREASURER Officer | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 747 3RD AVE FL 34B, NEW YORK, NY 10017-2820
- In care of
- % MIGUEL ALFAGEME
- Principal officer (990 for 2024)
- SERGE IBAKA, LLME 4180 LA JOLLA VILLAGE DR STE, 300, LA JOLLA, CA 92037
- Signed the 990
- SERGE IBAKA, PRESIDENT
- Phone
- (305) 361-8969
- Return prepared by
- LAVINE LOFGREN MORRIS & ENGELBERG LLP
Mission
THE FOUNDATION SERVES AS A VEHICLE TO PROVIDE SUPPORT TO YOUTH CAMPS, HOSPITALS, SCHOOLS AND FINANCIAL SUPPORT FOR COLLEGE WORLDWIDE, INCLUDING BUT NOT LIMITED TO, THE CONGO, AFRICA, THE UNITED STATES, AND EUROPE.
Program accomplishments
- TO ORGANIZE CAMPS FOR CHILDREN AND YOUTH WORLDWIDE, INCLUDING BUT NOT LIMITED TO, THE CONGO, AFRICA, THE UNITED STATES AND EUROPE.Expenses $40,000 · grants $40,000
- TO SUPPORT THE SPORT OF BASKETBALL AND THE VARIOUS CHAMPIONSHIPS, MATCHES, LEAGUES, CUPS AND OTHER EVENTS (COMPETITION, TRAINING, TRAINING AND/OR DISSEMINATION) OF THIS SPORT THROUGH ORGANIZATION AND SPONSORSHIP OF ACTIVITIES.Expenses $19,428 · grants $19,428
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
- 81-5215301
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $738
- Income (IRS master file)
- $2,895
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,895 | $62,553 | $738 | XML |
| 990 | December 2023 | $28,532 | $113,337 | $60,396 | XML |
| 990 | December 2022 | $5,000 | $77,389 | $145,201 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 81-5215301).
Questions about SERGE IBAKA FOUNDATION INC
- What is the EIN of SERGE IBAKA FOUNDATION INC?
- The employer identification number (EIN) of SERGE IBAKA FOUNDATION INC is 81-5215301.
- Is SERGE IBAKA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to SERGE IBAKA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SERGE IBAKA FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SERGE IBAKA 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 SERGE IBAKA FOUNDATION 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 SERGE IBAKA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SERGE IBAKA.
- Who are the officers and directors of SERGE IBAKA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SERGE IBAKA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,895, expenses of $62,553 and total assets of $738 at year end.
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