YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC

EIN: 821097511 501(c)(3) Human Services

Princeton, NJ

Total Revenue
$260,061
Total Expenses
$40,678
Total Assets
$741,139
Net Assets
$741,139
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
Principal Officer
Matthew Adasofunjo
Phone
7084351404
Tax Period
2025-01-01 to 2025-12-31

YEMI AND BUKOLA ADASOFUNJO FOUNDATION INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $260K in total revenue in fiscal year 2025. The organization ran a surplus of $219K, a strong 84% operating margin.

Mission

Health and Educational Advancement of the Under-served. Support for religious-based initiatives for community outreach. Support for legal immigration and integration.

Program Service Accomplishments

Program 1
Expenses: $13,563 Revenue: $0

Educational support and grants to indigent students pursuing higher education

Program 2
Expenses: $2,018 Revenue: $0

1. The foundation sponsors Six teachers at a local high school in Nigeria, to supplement instruction in key subjects. It is responsible for their monthly salaries and overall oversight. Subjects...

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1. The foundation sponsors Six teachers at a local high school in Nigeria, to supplement instruction in key subjects. It is responsible for their monthly salaries and overall oversight. Subjects taught include: English Language, Mathematics, Physics, Chemistry, Biology and Civic Education.

Program 3
Expenses: $20,960 Revenue: $0

Financial Support for Christian Missionary Work and community outreach activities of Jesus Is Lord Deliverance Ministries, and Christ Apostolic Church, Oke Ife, both in Nigeria. In the USA, the...

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Financial Support for Christian Missionary Work and community outreach activities of Jesus Is Lord Deliverance Ministries, and Christ Apostolic Church, Oke Ife, both in Nigeria. In the USA, the foundation and its principal officers are active financial members and workers at the Agape House of Worship, New Jersey.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $150,000
Program Service Revenue $0
Investment Income $110,061
Other Revenue $0
TOTAL REVENUE $260,061

Expense Breakdown

Grants Paid $40,678
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,678
Other Expenses $0
TOTAL EXPENSES $40,678

Year-over-Year Comparison

2025 2024 Change
Revenue $260,061 $260,061 N/A
Expenses $40,678 $40,678 N/A
Net Income $219,383 $219,383 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Matthew Oyeyemi Adasofunjo President/Director 5
Director
$0 $0 $0
Dr Oluwabukola Princess Adasofunjo Treasurer/Director 3
Director
$0 $0 $0
Dr Gregory O Fakorede Secretary/Director 0.5
Director
$0 $0 $0
Dr Olubunmi Adekugbe Director 0.5
Director
$0 $0 $0
Dr Olutayo Ibukun Olubiyi Director 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $260,061 $40,678 $741,139 $219,383
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