Civic Intelligence

Nigeria Higher Education Foundation Inc

EIN 20-1507726 • 501(c)3 • New York, NY

Profile

To enhance the ability of nigerian universities to help address and solve nigerias most pressing social problems to enable economic development and to promote a lasting and stable democracy.

347 5th Ave Rm 1402New York, NY 10016

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.06x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

0.02x

Higher debt load relative to revenue than 79% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Net Margin

42nd percentile

1.8%

Higher net margin than 42% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • <$500k nonprofits • Source year 2025

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

81st percentile

54%

Faster revenue growth than 81% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$87,739

Up $55,179 (+169%) from 2023

Liabilities

Down

$0

Down $3,000 (-100%) from 2023

Net Assets

Up

$87,739

Up $58,179 (+197%) from 2023

Operations
Liabilities / Revenue79th percentileNet Margin42nd percentile

Revenue

Down

$229,175

Down $50,402 (-18%) from 2023

Expenses

Down

$170,996

Down $78,020 (-31%) from 2023

Net Income

Up

$58,179

Up $27,618 (+90%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2010: $290,958Liabilities 2010: $30,446Net Assets 2010: $260,5122010Assets 2011: $228,466Liabilities 2011: $21,393Net Assets 2011: $207,0732011Assets 2012: $107,760Liabilities 2012: $02012Assets 2013: $6,493Liabilities 2013: $02013Assets 2014: $1,353Liabilities 2014: $02014Assets 2015: -$5,522Liabilities 2015: $0Net Assets 2015: -$5,5222015Assets 2016: $1,516Liabilities 2016: $02016Assets 2017: $7,265Liabilities 2017: $0Net Assets 2017: $7,2652017Assets 2018: $22Liabilities 2018: $0Net Assets 2018: $222018Assets 2020: $12,586Liabilities 2020: $0Net Assets 2020: $12,5862020Assets 2021: $12,586Liabilities 2021: $0Net Assets 2021: $12,5862021Assets 2022: $12,586Liabilities 2022: $0Net Assets 2022: $12,5862022Assets 2023: $32,560Liabilities 2023: $3,000Net Assets 2023: $29,5602023Assets 2024: $87,739Liabilities 2024: $0Net Assets 2024: $87,7392024

Highlighted filing

2024

Assets$87,739
Liabilities$0
Net Assets$87,739
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2010: $398,962Expenses 2010: $272,337Net Income 2010: $126,6252010Revenue 2011: $15,322Expenses 2011: $58,011Net Income 2011: -$42,6892011Revenue 2012: $79,928Expenses 2012: $179,241Net Income 2012: -$99,3132012Revenue 2013: $374Expenses 2013: $101,641Net Income 2013: -$101,2672013Revenue 2014: $21,301Expenses 2014: $26,441Net Income 2014: -$5,1402014Revenue 2015: $380,314Expenses 2015: $385,837Net Income 2015: -$5,5232015Revenue 2016: $67,228Expenses 2016: $60,190Net Income 2016: $7,0382016Revenue 2017: $246,472Expenses 2017: $240,724Net Income 2017: $5,7482017Revenue 2018: $111,375Expenses 2018: $118,619Net Income 2018: -$7,2442018Revenue 2020: $87,274Expenses 2020: $108,431Net Income 2020: -$21,1572020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $279,577Expenses 2023: $249,016Net Income 2023: $30,5612023Revenue 2024: $229,175Expenses 2024: $170,996Net Income 2024: $58,1792024

Highlighted filing

2024

Revenue$229,175
Expenses$170,996
Net Income$58,179
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,739
Liabilities
$0
Net assets
$87,739
Revenue
$229,175
Expenses
$170,996
Net income
$58,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$2.29$1.71$0.58
2023Detailed filing. Detailed filing data is available for this year.$0.33$0.03$0.30$2.80$2.49$0.31
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.87$1.08$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.11$1.19$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.46$2.41$0.06
2016Summary only. Only limited summary data is available for this year.$0.02$0.00$0.67$0.60$0.07
2015Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$3.80$3.86$0.06
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$0.21$0.26$0.05
2013Summary only. Only limited summary data is available for this year.$0.06$0.00$0.00$1.02$1.01
2012Summary only. Only limited summary data is available for this year.$1.08$0.00$0.80$1.79$0.99
2011Summary only. Only limited summary data is available for this year.$2.28$0.21$2.07$0.15$0.58$0.43
2010Summary only. Only limited summary data is available for this year.$2.91$0.30$2.61$3.99$2.72$1.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$229,175
Mission and Program Overview

Mission

To enhance the ability of nigerian universities to help address and solve nigerias most pressing social problems to enable economic development and to promote a lasting and stable democracy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,560$87,739▲ $55,179
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$32,560$87,739▲ $55,179
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,000$0▼ $3,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,000$0▼ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,560$87,739▲ $58,179
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$29,560$87,739▲ $58,179
Total Liabilities and Net Assets / Fund Balance$32,560$87,739▲ $55,179
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Wale AdeosunPresident
Ifeoma NwokorieVice President
Gbenga Ogedegbe Md Mph MsDirector
Johnbull OkparaDirector
Titi OdufnaDirector
Kamal PallanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$229,175
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$58,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,996
Total Fundraising Expense$100,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$0$0$100,990$100,990
All Other Expenses$63,234$0$0$63,234
Fees for Services Accounting$0$3,500$0$3,500
Travel$3,272$0$0$3,272
Total Functional Expenses$66,506$3,500$100,990$170,996
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$201,175$201,175$0$201,175
Event 2$0$0$0$0
Total Events$201,175$201,175$62,699$138,476
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11B

“The draft copy is sent to all board members for review and approval. Once the form has been submitted a final copy is shared via email with all members.”

Filing and Contact Details

Filer

Filer Name
Nigeria Higher Education Foundation Inc
EIN
20-1507726
In Care Of
% Wale Adeosun
Phone
9178701417
Address
347 5TH AVE RM 1402, NEW YORK, NY 10016

Signing Officer

Name
Wale Adeosun
Title
Director
Signed
2025-05-15

Organization Details

Principal Officer
Wale Adeosun
Formed
2004
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0
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IRS990/MissionDesc0TO ENHANCE THE ABILITY OF NIGERIAN UNIVERSITIES TO HELP ADDRESS AND SOLVE NIGERIAS MOST PRESSING SOCIAL PROBLEMS TO ENABLE ECONOMIC DEVELOPMENT AND TO PROMOTE A LASTING AND STABLE DEMOCRACY.
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