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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 88-1437535

MICHAEL TAIWO SCHOLARSHIPS

Tax-exempt · LAKE ELSINORE, CA 92532

Financials

$48K$35K2023
Revenue Expenses · by fiscal year end
Financials of MICHAEL TAIWO SCHOLARSHIPS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$47,602$35,360$12,242$12,870–$12,870
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$47,602

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$35,360

Balance sheet and other

Total assets, start of year
$628
Total assets, end of year
$12,870
Total liabilities, end of year
–
Net assets, end of year
$12,870
Cash, savings and investments
$12,870
Gross receipts
$47,602

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
OLUWAFEMI MICHAEL TAIWOPresident0$0

Address and contacts

Address (IRS master file)
45 VOLTA DEL TINTORI ST, LAKE ELSINORE, CA 92532-0143
In care of
% OLUWAFEMI MICHAEL TAIWO
Mailing address (990-N for 2025)
45 VOLTA DEL TINTORI ST, LAKE ELSINORE CA 92532
Principal officer (990-N for 2025)
OLUWAFEMI MICHAEL TAIWO, 45 VOLTA DEL TINTORI ST, LAKE ELSINORE CA 92532
Signed the 990-EZ
OLUWAFEMI MICHAEL TAIWO, President
Return prepared by
Business Financial Management Services

California records

California keeps its own records of charities and corporations. Search them by EIN 88-1437535 or by the name MICHAEL TAIWO SCHOLARSHIPS.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

FINANCIALLY ASSIST AND PROVIDE MENTORING FOR MOTIVATED AND BRIGHT STUDENTS FROM POOR SOCIETIES TO PURSUE WORLD-CLASS GRADUATE EDUCATION

990-EZ for the year ended December 31, 2023

Program accomplishments

  • SUPPORT FOR STANDARD EXAMS FOR 6 SCHOOLS APPLICATIONS; 46 BENEFACTORS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-N for MICHAEL TAIWO SCHOLARSHIPS

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
88-1437535
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B82)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: OLUWAFEMI MICHAEL TAIWO
December 31, 2025≤ $50,000 receipts––e-Postcard
990-N for 2024
Officer: OLUWAFEMI MICHAEL TAIWO
December 31, 2024≤ $50,000 receipts––e-Postcard
990-EZDecember 2023$47,602$35,360$12,870XML
990-EZDecember 2022–––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 88-1437535).

Questions about MICHAEL TAIWO SCHOLARSHIPS

What is the EIN of MICHAEL TAIWO SCHOLARSHIPS?
The employer identification number (EIN) of MICHAEL TAIWO SCHOLARSHIPS is 88-1437535.
Is MICHAEL TAIWO SCHOLARSHIPS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MICHAEL TAIWO SCHOLARSHIPS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MICHAEL TAIWO SCHOLARSHIPS file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of MICHAEL TAIWO SCHOLARSHIPS 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 MICHAEL TAIWO SCHOLARSHIPS last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of MICHAEL TAIWO SCHOLARSHIPS?
The 990-N for 2025 names OLUWAFEMI MICHAEL TAIWO.
Who are the officers and directors of MICHAEL TAIWO SCHOLARSHIPS?
The 990-EZ for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
How much revenue does MICHAEL TAIWO SCHOLARSHIPS have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $47,602, expenses of $35,360 and total assets of $12,870 at year end.

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