Nonprofit · EIN 88-2306201
ISAAC OLAIDE DUROSARO
Also known as ISAAC OLAIDE DUROSARO FOUNDATION
Tax-exempt · CHARLOTTE, NC 28273
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,000 | $16,360 | -$1,360 | $0 | $0 | $0 |
| December 31, 2024 | 990 | $10,000 | $8,875 | $1,125 | $1,125 | $0 | $1,125 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $15,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,750
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $6,425
Balance sheet and other
- Total assets, start of year
- $1,125
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $15,000
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2022
- 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 |
|---|---|---|---|
| Olayemi Durosaro | Mr Officer | 2 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Olayemi Durosaro | President Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4746 SWEDEN ROAD STE A4, CHARLOTTE, NC 28273-5936
- In care of
- % OLAYEMI DUROSARO
- Principal officer (990 for 2025)
- Smartybizness LLC Smartybizness LLC, 4646 Sweden Rd STE A4, Charlotte, NC 28278
- Signed the 990
- Smartybizness LLC Smartybizness LLC, Mr
- Phone
- (704) 675-9936
- Website
- iodurosarofoundation.org
Mission
The Isaac Olaide Durosaro Foundation is a nonprofit organization operating in both the United States and Nigeria, dedicated to uplifting underserved communities through education, vocational training, and small business support.
Program accomplishments
- Food assistance to Cheshire Home School for disabled students in Nigeria. Travel to Nigeria to visit the school.revenue $15,000
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 88-2306201
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Income (IRS master file)
- $15,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,000 | $16,360 | $0 | IRS |
| 990 | December 2024 | $10,000 | $8,875 | $1,125 | 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 88-2306201).
Questions about ISAAC OLAIDE DUROSARO
- What is the EIN of ISAAC OLAIDE DUROSARO?
- The employer identification number (EIN) of ISAAC OLAIDE DUROSARO is 88-2306201.
- Is ISAAC OLAIDE DUROSARO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ISAAC OLAIDE DUROSARO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISAAC OLAIDE DUROSARO file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ISAAC OLAIDE DUROSARO 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 ISAAC OLAIDE DUROSARO 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 ISAAC OLAIDE DUROSARO?
- The 990 for the year ended December 31, 2025 names Smartybizness LLC Smartybizness LLC.
- Who are the officers and directors of ISAAC OLAIDE DUROSARO?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does ISAAC OLAIDE DUROSARO have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,000, expenses of $16,360 and total assets of $0 at year end.
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