Nemax Foundation Inc
- Assets
- $23.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Severna Park, MD
- Founding
- Data as of
- 10/2021
- EIN
- 85-3772807
Organization Overview
Nemax Foundation Inc is located in Severna Park, MD. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nemax 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 10/2021, Nemax Foundation Inc generated $42.6k in total revenue. All expenses for the organization totaled $21.2k during the year ending 10/2021. While expenses have increased by 126.1% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO BENEFIT THE NON-PRIVILEGED GROUP INCLUDING BUT NOT LIMITED TO HELPING IN FIGHTING HUNGER AMONG WIDOWS IN AFRICA. HELPING NON-PRIVILEGED SCHOOL AGED CHILDREN WITH TUITION AND OR SCHOOL MATERIAL. HELPING STRUGGLING SINGLE MOTHERS OR PARENTS PAY RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chinelo Oluboyo President | 1 | $0 | |
Maxwell Oluboyo Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,587 |
| 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 | $42,587 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,249 |
| Total expenses | $21,249 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,254 |
| Other assets | $0 |
| Total assets | $23,254 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
National Council Of Nonprofits Washington, DC | $6,534,362 | $5,933,056 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |