Nonprofit · EIN 82-1097511
YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $260,061 | $40,678 | $219,383 | $741,139 | $0 | $741,139 |
| December 31, 2024 | 990-EZ | $135,050 | $35,484 | $99,566 | $498,991 | $0 | $498,991 |
| December 31, 2023 | 990-EZ | $149,369 | $6,371 | $142,998 | $369,562 | $0 | $369,562 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $150,000
- Program service revenue
- $0
- Investment income
- $110,061
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $40,678
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $40,678
Balance sheet and other
- Total assets, start of year
- $521,754
- Total assets, end of year
- $741,139
- Total liabilities, end of year
- $0
- Net assets, end of year
- $741,139
- Publicly traded securities
- $671,760
- Net assets without donor restrictions
- $741,139
- Gross receipts
- $260,061
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2017
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| Dr Matthew Oyeyemi Adasofunjo | President/Director Trustee or director | 5 | $0 |
| Dr Oluwabukola Princess Adasofunjo | Treasurer/Director Trustee or director | 3 | $0 |
| Dr Gregory O Fakorede | Secretary/Director Trustee or director | 0.5 | $0 |
| Dr Olubunmi Adekugbe | Director Trustee or director | 0.5 | $0 |
| Dr Olutayo Ibukun Olubiyi | Director Trustee or director | 0.5 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Matthew Oyeyemi Adasofunjo | President/Director | 2 | $0 |
| Dr Oluwabukola Princess Adasofunjo | Treasurer/Director | 1 | $0 |
| Dr Gregory O Fakorede | Secretary/Director | 1 | $0 |
| Dr Olubunmi Adekugbe | Director | 1 | $0 |
| Dr Olutayo Ibukun Olubiyi | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Matthew Oyeyemi Adasofunjo | President/Director | 5 | $0 |
| Dr Oluwabukola Princess Adasofunjo | Treasurer/Director | 2 | $0 |
| Dr Gregory O Fakorede | Secretary/Director | 1 | $0 |
| Dr Olubunmi Adekugbe | Director | 1 | $0 |
| Dr Olutayo Ibukun Olubiyi | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 BRAEBURN DR, PRINCETON, NJ 08540-3615
- Principal officer (990 for 2025)
- Matthew Adasofunjo, 111 Braeburn Dr, Princeton, NJ 08540
- Signed the 990
- Matthew Adasofunjo, President
- Phone
- (708) 435-1404
Mission
Health and Educational Advancement of the Under-served. Support for religious-based initiatives for community outreach. Support for legal immigration and integration.
Program accomplishments
- Educational support and grants to indigent students pursuing higher educationExpenses $13,563 · grants $13,563
- 1. The foundation sponsors Six teachers at a local high school in Nigeria, to supplement instruction in key subjects. It is responsible for their monthly salaries and overall oversight. Subjects taught include: English Language, Mathematics, Physics, Chemistry, Biology and Civic Education.Expenses $2,018 · grants $2,018
- Financial Support for Christian Missionary Work and community outreach activities of Jesus Is Lord Deliverance Ministries, and Christ Apostolic Church, Oke Ife, both in Nigeria. In the USA, the foundation and its principal officers are active financial members and workers at the Agape House of Worship, New Jersey.Expenses $20,960 · grants $20,960
- The Foundation sponsors community-based programs through religious organizations. Please see detailed explanation in separate column0
- The foundation provides individual financial support to persons experiencing crisis situations, including bereavement and other personal health challenges.Expenses $4,137 · grants $4,137
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-1097511
- 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 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $741,139
- Income (IRS master file)
- $260,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $260,061 | $40,678 | $741,139 | XML |
| 990-EZ | December 2024 | $135,050 | $35,484 | $498,991 | XML |
| 990-EZ | December 2023 | $149,369 | $6,371 | $369,562 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 82-1097511).
Questions about YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC
- What is the EIN of YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC?
- The employer identification number (EIN) of YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC is 82-1097511.
- Is YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YEMI AND BUKOLA ADASOFUNJO 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 YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC 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 YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC 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 YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Matthew Adasofunjo.
- Who are the officers and directors of YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $260,061, expenses of $40,678 and total assets of $741,139 at year end.
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