Yemi and Bukola Adasofunjo Foundation Inc

Nonprofit profile at a glance

EIN
821097511
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-EZ 2024
Location
Princeton, NJ, USA
Phone
7084351404
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Official website

Reported finances

Revenue
$260,061
Expenses
$40,678
Assets
$741,139
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Dr Matthew Oyeyemi Adasofunjo (President/Director)

People named in this filing

  • Dr Matthew Oyeyemi Adasofunjo (President/Director)
  • Dr Oluwabukola Princess Adasofunjo (Treasurer/Director)
  • Dr Gregory O Fakorede (Secretary/Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2025

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 47
  • Transparency & Controls: 60
  • Accountability: 59
  • Sustainability: 91
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.7%; rating input score 25
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 4.9%; rating input score 5; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 20th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 84.4%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 18.22; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 38.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 32.5% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 24.7% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 5 filed program accomplishments · $41K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 40 of 42 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 25/100.
  • High — Transparency & Controls: Grant itemization coverage scored 5/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.