Civic Intelligence

Ilbsg Foundation

EIN 83-3010336 • 501(c)3 • Schaumburg, IL

Pub. 78 Eligible990-N Coverage

Profile

Assisting residents of rural and urban Illinois in funding higher education and advancing careers by providing new opportunities for success.

802 E Woodfield RdSchaumburg, IL 60173-4713

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

57th percentile

1.1%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

-25%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$329,777

Up $3,734 (+1.1%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$329,777

Up $3,734 (+1.1%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin83rd percentile

Revenue

Down

$11,249

Down $3,791 (-25%) from 2024

Expenses

Up

$7,515

Up $7,230 (+2537%) from 2024

Net Income

Down

$3,734

Down $11,021 (-75%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$400K$300K$200K$100K$0Assets 2020: $106,400Liabilities 2020: $0Net Assets 2020: $106,4002020Assets 2021: $205,960Liabilities 2021: $0Net Assets 2021: $205,9602021Assets 2022: $311,543Liabilities 2022: $0Net Assets 2022: $311,5432022Assets 2023: $311,288Liabilities 2023: $0Net Assets 2023: $311,2882023Assets 2024: $326,043Net Assets 2024: $326,0432024Assets 2025: $329,777Net Assets 2025: $329,7772025

Highlighted filing

2025

Assets$329,777
Liabilities-
Net Assets$329,777
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

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

$150K$100K$50K$0-$50KRevenue 2020: $100,000Expenses 2020: $0Net Income 2020: $100,0002020Revenue 2021: $100,000Expenses 2021: $440Net Income 2021: $99,5602021Revenue 2022: $106,000Expenses 2022: $417Net Income 2022: $105,5832022Revenue 2023: $0Expenses 2023: $255Net Income 2023: -$2552023Revenue 2024: $15,040Expenses 2024: $285Net Income 2024: $14,7552024Revenue 2025: $11,249Expenses 2025: $7,515Net Income 2025: $3,7342025

Highlighted filing

2025

Revenue$11,249
Expenses$7,515
Net Income$3,734
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$329,777
Liabilities
-
Net assets
$329,777
Revenue
$11,249
Expenses
$7,515
Net income
$3,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.30$3.30$0.11$0.08$0.04
2024Detailed filing. Detailed filing data is available for this year.$3.26$3.26$0.15$0.00$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$1.06$0.00$1.06
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$1.00$0.00$1.00
2020Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$1.00$0.00$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Jan 29, 2026
Return Version
2025v4.0
Gross Receipts
$11,249
Mission and Program Overview

Mission

Assisting residents of rural and urban Illinois in funding higher education and advancing careers by providing new opportunities for success.

Program Services

DescriptionGrantsExpenses
Provided grants to organizations for educational assistance.$7,500$7,500
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel AlemuPresident-$0--
Praveen C MedikundamTreasurer-$0--
Haripriya MedikundamSecretary-$0--
Filseta Sereke BerhanDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ilbsg Foundation
EIN
83-3010336
Phone
8478095135
Address
802 E Woodfield Rd, Schaumburg, IL 60173-4713

Signing Officer

Name
Samuel Alemu
Title
President
Phone
8478095135
Signed
2026-01-29
Discuss with paid preparer
Yes

Preparer

Firm
Michael P Anderson CPA Ltd
Address
107 WALTER HAGEN DR, ALTO, NM 88312
Preparer
Michael P Anderson
Phone
5752143068
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

“Primary education assitance; Primary education assitance; Alula Dream Foundation: 215 N Woodlawn St, Wheaton, IL, 60187; None, 500.”

Form 990EZ, Part I, Line 10

“Children and young adults related education assistance; Children and young adults related education assistance; Debre Mihret St Michael Ethiopian Orthodox Church: 205 Parkway Drive, Wheaton , IL, 60187; None, 1000.”

Form 990EZ, Part I, Line 10

“Maternity health-related assistance; Maternity health-related assistance; Amit Promise Foundation: 2n224 Bernice Ave, Glen Ellyn, IL, 60137; None, 1000.”

Form 990EZ, Part I, Line 10

“Education-related assistance; Education-related assistance; Yoga Sangeeta Inc: 1 Bunting Ct, Cranbury, NJ, 08512; None, 5000.”

Form 990EZ, Part I, Line 16

“Fees 15.”

Raw XML Appendix158 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Samuel Alemu
IRS990EZ/BooksInCareOfDetail/PhoneNum08478095135
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0802 E Woodfield Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Schaumburg
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060173
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0326043
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0329777
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03734
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0329777
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt07500
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt011249
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt011249
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0326043
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0329777
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0326043
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0329777
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Samuel Alemu
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Praveen C Medikundam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Haripriya Medikundam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Filseta Sereke Berhan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt015
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Assisting residents of rural and urban Illinois in funding higher education and advancing careers by providing new opportunities for success.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provided grants to organizations for educational assistance.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt07515
IRS990EZ/TotalProgramServiceExpensesAmt07500
IRS990EZ/TotalRevenueAmt011249
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0106000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0206000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0206000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0106000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0206000
IRS990ScheduleA/TotalSupportAmt0206000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Primary education assitance; Primary education assitance; Alula Dream Foundation: 215 N Woodlawn St, Wheaton, IL, 60187; None, 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Children and young adults related education assistance; Children and young adults related education assistance; Debre Mihret St Michael Ethiopian Orthodox Church: 205 Parkway Drive, Wheaton , IL, 60187; None, 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Maternity health-related assistance; Maternity health-related assistance; Amit Promise Foundation: 2n224 Bernice Ave, Glen Ellyn, IL, 60137; None, 1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Education-related assistance; Education-related assistance; Yoga Sangeeta Inc: 1 Bunting Ct, Cranbury, NJ, 08512; None, 5000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Fees 15.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel Alemu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08478095135
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILBSG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ILBS
ReturnHeader/Filer/EIN0833010336
ReturnHeader/Filer/PhoneNum08478095135
ReturnHeader/Filer/USAddress/AddressLine1Txt0802 E Woodfield Rd
ReturnHeader/Filer/USAddress/CityNm0Schaumburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0601734713
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204019179
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL P ANDERSON CPA LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 WALTER HAGEN DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd088312
ReturnHeader/PreparerPersonGrp/PhoneNum05752143068
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael P Anderson
ReturnHeader/ReturnTs02026-02-02T11:45:11-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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