Nonprofit · EIN 93-2508992
OLU & SIMI ASEKUN FOUNDATION INC
Tax-exempt · ARLINGTON, TX 76017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $16,006 | $16,006 | $0 | $16,012 | $0 | $16,012 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,206
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$1,200
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $16,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $6
Balance sheet and other
- Total assets, start of year
- $16,012
- Total assets, end of year
- $16,012
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,012
- Cash, savings and investments
- $16,012
- Gross receipts
- $17,206
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Olusegun Asekun | Trustee | 4 | $0 |
| Simisola Asekun | Trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5020 MANSFIELD RD, ARLINGTON, TX 76017-2748
- Mailing address (990-N for 2025)
- 5020 Mansfield Road, Arlington TX 76017
- Principal officer (990-N for 2025)
- Olusegun Asekun, 5020 Mansfield Road, Arlington TX 76017
- Signed the 990-EZ
- Olusegun Asekun, Trustee
- Phone
- (817) 819-3459
Mission
Educating and Helping African Immigrant community
Program accomplishments
- Few students of African descent were supported with Tuition and education expenses during the year. Multiple educational seminars were organized for African community in Dallas, Texasgrants $16,000
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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-2508992
- 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)
- Education (B90)
- Assets (IRS master file)
- $16,012
- Income (IRS master file)
- $17,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Olusegun Asekun | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $16,006 | $16,006 | $16,012 | XML |
| 990-N for 2023 Officer: Olusegun Asekun | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-2508992).
Questions about OLU & SIMI ASEKUN FOUNDATION INC
- What is the EIN of OLU & SIMI ASEKUN FOUNDATION INC?
- The employer identification number (EIN) of OLU & SIMI ASEKUN FOUNDATION INC is 93-2508992.
- Is OLU & SIMI ASEKUN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to OLU & SIMI ASEKUN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLU & SIMI ASEKUN FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OLU & SIMI ASEKUN 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 OLU & SIMI ASEKUN FOUNDATION INC 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 OLU & SIMI ASEKUN FOUNDATION INC?
- The 990-N for 2025 names Olusegun Asekun.
- Who are the officers and directors of OLU & SIMI ASEKUN FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does OLU & SIMI ASEKUN FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $16,006, expenses of $16,006 and total assets of $16,012 at year end.
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