Ilbsg Foundation

990EZ • Fiscal year 2023 • EIN 83-3010336

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 20, 2024

Organization Profile N/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.

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

-0.1%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets58th percentile

Assets

Down

$311,288

Down $255 (-0.1%) from 2022

Net Assets

Down

$311,288

Down $255 (-0.1%) from 2022

Liabilities

Flat

Flat from 2022

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

Down

Down $106,000 (-100%) from 2022

Expenses

Down

$255

Down $162 (-39%) from 2022

Net Income

Down

-$255

Down $105,838 (-100%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

Highlighted filing

2023

Assets$311,288

Liabilities$0

Net Assets$311,288

Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2023

Revenue$0

Expenses$255

Net Income-$255

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: Feb 20, 2024
Return Version: 2023v4.0

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

Description	Grants	Expenses
No activity to date	$0	$0

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Samuel Alemu	President	-	$0	-	-
Praveen C Medikundam	Treasurer	-	$0	-	-
Haripriya Medikundam	Secretary	-	$0	-	-
Filseta Sereke Berhan	Director	-	$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: 2024-02-20
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 15.”

Raw XML Appendix153 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Schaumburg
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	60173
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	311543
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	311288
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	0
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
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IRS990EZ/ExcessOrDeficitForYearAmt	0	-255
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	240
IRS990EZ/FiledScheduleAInd	0	true
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IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	0
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	0
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MembershipDuesAmt	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	311288
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	311543
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Samuel Alemu
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Praveen C Medikundam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Haripriya Medikundam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	Filseta Sereke Berhan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	Director
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	15
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	Assisting residents of rural and urban Illinois in funding higher education and advancing careers by providing new opportunities for success.
IRS990EZ/ProgramServiceRevenueAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	No activity to date
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	IL
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	255
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	0
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	106000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	7000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	313000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/OtherSupportSumAmt	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportCY509Pct	0	0
IRS990ScheduleA/PublicSupportTotal170Amt	0	313000
IRS990ScheduleA/PublicSupportTotal509Amt	0	0
IRS990ScheduleA/SubstantialContributorsTotAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	106000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	100000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	100000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	7000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	313000
IRS990ScheduleA/TotalSupportAmt	0	313000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt	0	0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Fees 15.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	3
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Samuel Alemu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8478095135
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2024-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	ILBSG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	ILBS
ReturnHeader/Filer/EIN	0	833010336
ReturnHeader/Filer/PhoneNum	0	8478095135
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	802 E Woodfield Rd
ReturnHeader/Filer/USAddress/CityNm	0	Schaumburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IL
ReturnHeader/Filer/USAddress/ZIPCd	0	601734713
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	204019179
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	MICHAEL P ANDERSON CPA LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	107 WALTER HAGEN DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	ALTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	88312
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5752143068
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2024-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Michael P Anderson
ReturnHeader/ReturnTs	0	2024-02-21T12:48:42-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	Samuel
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	Alemu
ReturnHeader/TaxPeriodBeginDt	0	2023-01-01
ReturnHeader/TaxPeriodEndDt	0	2023-12-31
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $311,288
Liabilities: $0
Net assets: $311,288
Revenue: $0
Expenses: $255
Net income: -$255

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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