Emenike-Ogunnaike Charitable Foundation Inc
- Assets
- $2.2m
- Revenue
- $780.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-3072927
Organization Overview
Emenike-Ogunnaike Charitable Foundation Inc is located in Sherman Oaks, CA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emenike-Ogunnaike Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Emenike-Ogunnaike Charitable Foundation Inc generated $780.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.1% each year . All expenses for the organization totaled $115.0k during the year ending 12/2021. While expenses have increased by 36.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR WORTHY STUDENTS IN NIGERIA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adetayo Ogunnaike Secretary | 0.5 | $0 | |
David Ogunnaike Vice President | 0.5 | $0 | |
Chika Ogunnaike President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $723,174 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $780,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $284 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $804 |
| Total operating and administrative expenses | $3,188 |
| Contributions, gifts, grants paid | $111,836 |
| Total expenses and disbursements | $115,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,146 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $671,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,150,257 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,306 |
| Total liabilities | $2,306 |
Grants Awarded
Over the last fiscal year, Emenike-Ogunnaike Charitable Foundation Inc has awarded $111,836 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER DONATION PURPOSE: CONTRIBUTION TO SUPPORT MULTIPLE WORTHY NIGERIAN STUDENTS | $83,640 |
THE UNIVERSITY OF NOTTINGHAM PURPOSE: TUITION ROOM & BOARD FOR NIGERIAN SCHOLARSHIP STUDENTS | $25,173 |
BEAT CHILDHOOD CANCER PURPOSE: CONTRIBUTION TO SUPPORT BEAT CHILDHOOD CANCER | $2,000 |
NAPAC FOUNDATION PURPOSE: CONTRIBUTION TO SUPPORT NAPAC FOUNDATION | $1,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |