Civic Intelligence

Isaac Olaide Durosaro Inc

EIN 88-2306201 • 501(c)3 • Charlotte, NC

Profile

Provide a lifting for teh most vulnerable

4746 Sweden Road Ste A4Charlotte, NC 28278

iodurosarofoundation.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.00x

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

NTEE Q30 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.00x

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

NTEE Q30 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

NTEE Q30 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

NTEE Q30 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

$1,125

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$1,125

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue73rd percentileNet Margin64th percentile

Revenue

$10,000

No earlier filing loaded for comparison.

Expenses

$8,875

No earlier filing loaded for comparison.

Net Income

$1,125

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5K$1.0K$500$0Assets 2024: $1,125Liabilities 2024: $0Net Assets 2024: $1,1252024

Highlighted filing

2024

Assets$1,125
Liabilities$0
Net Assets$1,125
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10K$5.0K$0Revenue 2024: $10,000Expenses 2024: $8,875Net Income 2024: $1,1252024

Highlighted filing

2024

Revenue$10,000
Expenses$8,875
Net Income$1,125
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$1,125
Liabilities
$0
Net assets
$1,125
Revenue
$10,000
Expenses
$8,875
Net income
$1,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$10.0$8.88$1.13
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
$10,000
Mission and Program Overview

Mission

Provide a lifting for teh most vulnerable

The Isaac Olaide Durosaro Foundation is a nonprofit organization operating in both the United States and Nigeria, dedicated to uplifting underserved communities through education, vocational training, and small business

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$1,125-
Total Assets$0$1,125▲ $1,125
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,125-
Total Net Assets Fund Balance$0$1,125▲ $1,125
Total Liabilities and Net Assets / Fund Balance$0$1,125▲ $1,125
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Mr Olayemi DurosaroPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$1,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,750
Grants and Similar Amounts Paid$4,125
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel---$4,750
Foreign Grants---$4,125
Total Functional Expenses$0$0$0$8,875
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Isaac Olaide Durosaro Inc
EIN
88-2306201
In Care Of
% SMARTYBIZNESSLLC
Phone
7046759936
Address
4746 SWEDEN ROAD STE A4, CHARLOTTE, NC 28278
Doing Business As
Isaac Olaide Durosaro Foundation

Signing Officer

Name
Yemi Durosaro
Title
President
Phone
7046759936
Signed
2025-05-15
Discuss with paid preparer
No

Organization Details

Formed
2022
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 4

“The organization did not engage in any excess benefit transactions during the year.”

Raw XML Appendix245 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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IRS990/GrossReceiptsAmt010000
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt00
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IRS990/IRPDocumentCnt00
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PoliciesReferenceChaptersInd0true
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990/ReconcilationRevenueExpnssAmt01125
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IRS990/RevenueAmt010000
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ReturnHeader/TaxYr02024

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