Nonprofit · EIN 82-4389185
BUDGIT FOUNDATION
Also known as BUDGIT
Tax-exempt · UPPER MARLBORO, MD 20774
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $659,802 | $753,225 | -$93,423 | $452,447 | $235,349 | $217,098 |
| December 31, 2023 | 990 | $627,505 | $329,991 | $297,514 | $310,521 | $0 | $310,521 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $658,418
- Program service revenue
- $0
- Investment income
- $1,384
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $192,450
- Compensation of officers, directors and key employees
- $361,409
- Other salaries and wages
- $1,030
- Salaries, compensation and benefits (total)
- $382,932
- Professional fundraising fees
- $0
- Occupancy
- $19,670
- Travel
- $67,695
- Program services (functional)
- $753,225
Balance sheet and other
- Total assets, start of year
- $310,521
- Total assets, end of year
- $452,447
- Total liabilities, end of year
- $235,349
- Net assets, end of year
- $217,098
- Land, buildings and equipment
- $6,491
- Publicly traded securities
- $413,645
- Net assets without donor restrictions
- $217,098
- Gross receipts
- $659,802
- Employees
- 1
- Year formed
- 2021
- State of legal domicile
- MD
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 |
|---|---|---|---|
| OLUSEUN ONIGBINDE | PRESIDENT/CE Officer | 40 | $294,072 |
| ABIOLA AFOLABI | SEC./INT'L P Officer | 40 | $67,337 |
| FOLASHAYO BABALOLA | TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLUSEUN ONIGBINDE | PRESIDENT Officer | 20 | $167,100 |
| ABIOLA AFOLABI | SECRETARY Officer | 20 | $46,965 |
| FOLASHAYO BABALOLA | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 13TH ST NW, UPPER MARLBORO, MD 20774-0000
- Mailing address (990-N for 2024)
- 1100 13TH STREET NW STE 800, WASHINGTON DC 20005
- Principal officer (990 for 2024)
- OLUSEUN ONIGBINDE, 13807 WESTERLO CT, KETTERING, MD 20774
- Principal officer (990-N for 2024)
- OLUSEUN ONIGBINDE, 1100 13TH STREET NW STE 800, WASHINGTON DC 20005
- Signed the 990
- OLUSEUN ONIGBINDE, PRESIDENT/CEO
- Phone
- (240) 784-3645
- Website
- WWW.BUDGIT.US
- Return prepared by
- BRYTEBRIDGE CONSULTING LLC
Mission
THE MAIN ACTIVITY OF THE ORGANIZATION WILL BE TO USE CREATIVE TECHNOLOGY TO SIMPLIFY PUBLIC INFORMATION, STIMULATING A COMMUNITY OF ACTIVE CITIZENS AND ENABLING THEIR RIGHT TO DEMAND ACCOUNTABILITY, INSTITUTIONAL REFORMS, EFFICIENT SERVICE DELIVERY AND EQUITABLE SOCIETY. ADDITIONALLY, THE ORGANIZATION WILL OFFER BUDGET ACCESS WITH IMPACT ANALYSIS FOR MARGINALIZED PERSONS, CIVIC TECHNOLOGY, POLICY ANALYSIS, BUDGET SIMPLIFICATION, AND ARTIFICIAL INTELLIGENCE FOR GOOD.
Program accomplishments
- DELIVERY OF AN INTERACTIVE ENGINE TO VISUALIZE THE BUDGETS BY CITIZENS, SUPPORT FOR ACCESS TO PUBLIC BUDGETS IN SENEGAL AND GHANA AS SUPPORTED BY THE HEWLETT FOUNDATION, REDESIGN OF CURRENT WEBSITE FOR CHICAGO BUDGET ANALYSIS AND VISUALIZATION. THESE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS, VOLUNTEERS, AND ANY PAID PROFESSIONALS THAT THE ORGANIZATION CHOOSES TO HIRE. THE ACTIVITIES WILL BE HEADQUARTERED IN WASHINGTON D.C, THOUGH WE HOPE TO HAVE A NATIONAL REACH. THE ORGANIZATION ALLOCATES 60% OF ITS TOTAL TIME TO ITS PROGRAMMATIC ACTIVITIES TOWARDS SIGNIFICANTLY EXPANDING ITS IMPACT IN WEST AFRICA, WHILE 40% WILL BE DEDICATED TO FUNDRAISING INITIATIVES. THE ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, CORPORATE SPONSORS, AND GRANTS. THE ORGANIZATION WILL ALLOCATE 100% OF ITS OVERALL EXPENSES TO ITS ACTIVITIES.Expenses $753,225 · grants $192,450
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-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-4389185
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $452,447
- Income (IRS master file)
- $659,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: OLUSEUN ONIGBINDE | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $659,802 | $753,225 | $452,447 | XML |
| 990 | December 2023 | $627,505 | $329,991 | $310,521 | XML |
| 990 | December 2022 | $312,381 | $299,374 | $13,007 | 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 82-4389185).
Questions about BUDGIT FOUNDATION
- What is the EIN of BUDGIT FOUNDATION?
- The employer identification number (EIN) of BUDGIT FOUNDATION is 82-4389185.
- Is BUDGIT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BUDGIT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUDGIT 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 BUDGIT FOUNDATION 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 BUDGIT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of BUDGIT FOUNDATION?
- The 990 for the year ended December 31, 2024 names OLUSEUN ONIGBINDE.
- Who are the officers and directors of BUDGIT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $294,072 (OLUSEUN ONIGBINDE, PRESIDENT/CE).
- How much revenue does BUDGIT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $659,802, expenses of $753,225 and total assets of $452,447 at year end.
Other nonprofits in UPPER MARLBORO
- MY COVENANT PLACE INC EIN 11-3826601 · last filed 990 for 2024
- LOVE LIVED CHARITY INC EIN 82-2922657 · last filed 990-N for 2025
- PRINCE GEORGES COUNTY FAMILY JUSTICE CENTER FOUNDATION EIN 83-1602037 · last filed 990-EZ for 2025
- SHEPHERDS ARM INC EIN 92-0733917 · last filed 990-N for 2024
- PROGRESSIVE MARYLAND EDUCTION FUND INC EIN 03-0401249 · last filed 990 for 2024
- FRATERNAL ORDER OF POLICE EIN 52-1878364 · last filed 990 for 2025
- FOUNDATION FOR THE ADVANCEMENT OF MUSIC & EDUCATION INC EIN 59-3836026 · last filed 990 for 2025
- EXCELLENCE IN EDUCATION FOUNDATION FOR PGCPS INC EIN 45-3976683 · last filed 990 for 2025
All nonprofits in UPPER MARLBORO · Maryland · Human services