Civic Intelligence

Ilbsg Foundation

990EZ • Fiscal year 2022 • EIN 83-3010336

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 22, 2023

Organization ProfileN/A
802 E Woodfield RdSchaumburg, IL 60173-4713

(847) 809-5135

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

84th percentile

51%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

47th percentile

6.0%

Faster revenue growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$311,543

Up $105,583 (+51%) from 2021

Net Assets

Up

$311,543

Up $105,583 (+51%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin99th percentile

Revenue

Up

$106,000

Up $6,000 (+6.0%) from 2021

Expenses

Down

$417

Down $23 (-5.2%) from 2021

Net Income

Up

$105,583

Up $6,023 (+6.0%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$311,543
Liabilities$0
Net Assets$311,543
Open 2022 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$106,000
Expenses$417
Net Income$105,583
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 22, 2023
Return Version
2022v4.1
Gross Receipts
$106,000
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
No activity to date$0$0
Compensation and Service Providers
Top Officer Pay78th 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
2023-02-22
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 16

“Fees 115.”

Raw XML Appendix161 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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/BOYAmt0205960
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0311543
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0106000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0105583
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0302
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0205960
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0311543
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0106000
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0205960
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0311543
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0205960
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0311543
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/OtherExpensesTotalAmt0115
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/DescriptionProgramSrvcAccomTxt0No activity to date
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0417
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0106000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0313000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0313000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0313000
IRS990ScheduleA/TotalSupportAmt0313000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Fees 115.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Samuel Alemu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08478095135
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-22
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparerPersonNm0Michael P Anderson
ReturnHeader/ReturnTs02023-02-22T13:47:14-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Samuel
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Alemu
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$311,543
Liabilities
$0
Net assets
$311,543
Revenue
$106,000
Expenses
$417
Net income
$105,583
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