Ibadan College of Medicine Alumni Association North America
Nonprofit profile at a glance
- EIN
- 752937195
- IRS 990-EZ coverage
- 2020–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2017
- Location
- Raleigh, NC, USA
- Phone
- 9192301488
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alumni Associations
Reported finances
- Revenue
- $81,009
- Expenses
- $25,592
- Assets
- $115,795
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Titilola Britto (Immediate Past President)
- Dolamu Sokunbi (President)
People named in this filing
- Titilola Britto (Immediate Past President)
- Dolamu Sokunbi (President)
- Modupe Sokunbi (Publicity Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Give back to the Ibadan College of Medicine to improve the education and experience of medical students
What it reported doing in 2022
Our vision is to promote and support the educational, teaching and research activities of the College of Medicine, University of Ibadan, Nigeria while networking effectively with other ICOMAA Alums by building a very strong and viable branch in the United States of America. The following goals reflect how we intend to live out the vision of our Alumni Association in the next five years. It is hoped that each goal will in some way help us to live out our vision as articulated above. As we proceed, we will set appropriate targets and outcome measures. To develop ICOMAA, NA infrastructure To raise funds from alumni, corporations, and other donors for projects at the college To update and upgrade facilities in all departments of the college, including library services, intensive care services and an active CPR service To promote scholarship for students, residents and faculty through technology exchange between institutions in North America and the College To promote and encourage networking amongst alumni To develop a mentoring program for alumni during postgraduate Training and as junior faculty in North American institutions.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 68.4%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.52; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 37.7% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 47.4% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2020 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.