MISSION
AKAAF FOLORUNSO FOUNDATIONS' mission is to be a service organization with the purpose of providing humanitarian services, goodwill and peace all around.
DEMOGRAPHIC
ADDRESS
22-26 N 9TH ST
07107
COUNTY
essex county, NJ
ORGANIZATIONAL OVERVIEW & RANKINGS
AKAAF FOLORUNSO FOUNDATION is a based in NEWARK, NJ, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in November 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,662,295 among 2,656,690 nonprofits nationally (Top 63%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 47,455 out of 72,131 organizations in NJ (Top 66%).
In essex county, NJ, the organization ranks 4,026 out of 7,742 nonprofits by assets (Top 52%), while locally in newark, it stands at 1,032 among 2,319 organizations (Top 45%).
The organization reported no revenue in the most recent filing period, placing it at 828,876 nationally and 41,524 in NJ.
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, AKAAF FOLORUNSO FOUNDATION ranks 18,778 in assets (Top 51%) and 13,187 in revenue (Top 36%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a December fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
01/2024
ACCOUNTING PERIOD
01
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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