Civic Intelligence

Michael Taiwo Scholarships

EIN 88-1437535 • 501(c)3 • Lake Elsinore, CA

990-N CoverageNTEE B82

Profile

Financially assist and provide mentoring for motivated and bright students from poor societies to pursue world-class graduate education

45 Volta Del Tintori StLake Elsinore, CA 92532

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

62nd percentile

26%

Higher net margin than 62% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2023

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE B82 • <$500k nonprofits • Source year 2023

Asset Growth

99th percentile

1949%

Faster asset growth than 99% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

117%

Faster revenue growth than 86% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$12,870

Up $12,242 (+1949%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$12,870

Up $12,242 (+1949%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin62nd percentile

Revenue

Up

$47,602

Up $25,621 (+117%) from 2022

Expenses

Up

$35,360

Up $14,007 (+66%) from 2022

Net Income

Up

$12,242

Up $11,614 (+1849%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$15K$10K$5.0K$0Assets 2022: $628Net Assets 2022: $6282022Assets 2023: $12,870Net Assets 2023: $12,8702023

Highlighted filing

2023

Assets$12,870
Liabilities-
Net Assets$12,870
Open 2023 Filing

Operations Trend

Revenue Growth86th percentile

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

$60K$40K$20K$0Revenue 2022: $21,981Expenses 2022: $21,353Net Income 2022: $6282022Revenue 2023: $47,602Expenses 2023: $35,360Net Income 2023: $12,2422023

Highlighted filing

2023

Revenue$47,602
Expenses$35,360
Net Income$12,242
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$12,870
Liabilities
-
Net assets
$12,870
Revenue
$47,602
Expenses
$35,360
Net income
$12,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$12.9$12.9$47.6$35.4$12.2
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.63$22.0$21.4$0.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 27, 2024
Return Version
2023v4.0
Gross Receipts
$47,602
Mission and Program Overview

Mission

Financially assist and provide mentoring for motivated and bright students from poor societies to pursue world-class graduate education

Program Services

DescriptionGrantsExpenses
SUPPORT FOR STANDARD EXAMS FOR 6 SCHOOLS APPLICATIONS; 46 BENEFACTORS--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
OLUWAFEMI MICHAEL TAIWOPresident-$0--
Filing and Contact Details

Filer

Filer Name
Michael Taiwo Scholarships
EIN
88-1437535
Address
45 VOLTA DEL TINTORI ST, LAKE ELSINORE, CA 92532

Signing Officer

Name
Oluwafemi Michael Taiwo
Title
President
Signed
2024-02-27
Discuss with paid preparer
Yes

Preparer

Firm
Business Financial Management Services
Address
2600 W Olive Ave Ste 500, Burbank, CA 91505
Preparer
Nancy Gakere CPA
Phone
3104297828
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Award disbursement $27350”

Other Expenses.2

“Organization set up $4002”

Other Expenses.3

“SUBSCRIPTIONS $2720”

Other Expenses.4

“Application cycle setup $1216”

Other Expenses.5

“TRANSACTION FEES $72”

Raw XML Appendix131 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/PhoneNum04799667776
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt045 VOLTA DEL TINTORI ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKE ELSINORE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd092532
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0628
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012870
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt047602
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt012242
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0628
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012870
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt047602
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0628
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012870
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012870
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt035360
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FINANCIALLY ASSIST AND PROVIDE MENTORING FOR MOTIVATED AND BRIGHT STUDENTS FROM POOR SOCIETIES TO PURSUE WORLD-CLASS GRADUATE EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUPPORT FOR STANDARD EXAMS FOR 6 SCHOOLS APPLICATIONS; 46 BENEFACTORS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt035360
IRS990EZ/TotalRevenueAmt047602
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt027350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021353
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt048703
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt048703
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt027350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt021353
IRS990ScheduleA/Total509Grp/TotalAmt048703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt027350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt021353
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt048703
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AWARD DISBURSEMENT $27350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION SET UP $4002
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBSCRIPTIONS $2720
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3APPLICATION CYCLE SETUP $1216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSACTION FEES $72
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0OLUWAFEMI MICHAEL TAIWO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHAEL TAIWO SCHOLARSHIPS
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0881437535
ReturnHeader/Filer/USAddress/AddressLine1Txt045 VOLTA DEL TINTORI ST
ReturnHeader/Filer/USAddress/CityNm0LAKE ELSINORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092532
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954623161
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02600 W Olive Ave Ste 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Burbank
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091505
ReturnHeader/PreparerPersonGrp/PhoneNum03104297828
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nancy Gakere CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-02-27T18:04:43-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0OLUWAFEMI MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TAIWO
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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