Badu Foundation Inc
- Assets
- $25.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-0828198
Organization Overview
Badu Foundation Inc is located in Chicago, IL. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Badu 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE HOSTED A FOUR WEEK FINANCIAL LITERACY SUMMER PROGRAM TO UNDERPRIVILEGED YOUTH IN EFFORTS TO ENHANCE THEIR FINANCIAL LITERACY KNOWLEDGE. WE AWARDED $2500 IN SCHOLARSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Badu President | 5 | $0 | |
Yvonne P Badu Vice President | 5 | $0 | |
Will Gilchrist Director Of Fundraising | 5 | $0 | |
Noe Gil Merino Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,517 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,517 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,870 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,002 |
| Other expenses | $630 |
| Total expenses | $7,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $25,443 |
| Total liabilities | $16,500 |
| Net assets or fund balances | $8,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Badu Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Mallon Family Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
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