TOKIMI FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TOKIMI FOUNDATION (EIN 83-0620892)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-05
IRS object ID
202511259349102226
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-05T21:07:02-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN830620892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Tokimi FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Taiwo AbuganInCareOfNm
Business Name ControlTOKIBusinessNameControlTxt
Phone5103830636PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1282 W Country Club DriveAddressLine1Txt
CityBrentwoodCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94513ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTAIWO ABUGANPersonNm
Person TitlePresidentPersonTitleTxt
Phone5103830636PhoneNum
Signature2025-05-05SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,575FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,495ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$5,495TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$158OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$158OtherProfFeesDsbrsChrtblAmt
Occupancy Rev And Expnss$182OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$182OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$845TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$845TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$162OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$162OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,347TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,347TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,914ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,914ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,261TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,261TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$234ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$837CashBOYAmt
Cash EOY$1,418CashEOYAmt
Cash EOYFMV$1,418CashEOYFMVAmt
Inventories BOY$496InventoriesBOYAmt
Inventories EOY$334InventoriesEOYAmt
Inventories EOYFMV$334InventoriesEOYFMVAmt
Prepaid Expenses BOY$182PrepaidExpensesBOYAmt
Land Bldg Equip Cost Or Other Bss$6,987LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,164LandBldgEquipAccumDeprecAmt
Land BOY$4,220LandBOYAmt
Land EOY$2,823LandEOYAmt
Land EOYFMV$2,823LandEOYFMVAmt
Total Assets BOY$5,735TotalAssetsBOYAmt
Total Assets EOY$4,575TotalAssetsEOYAmt
Total Assets EOYFMV$4,575TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$5,735NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,575NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$5,735TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,575TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,735TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,575TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,735TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$234ExcessRevenueOverExpensesAmt
Subtotal$5,969SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,969TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressFacebook pageWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Taiwo A AbuganBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5103830636PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1282 W Country Club DrAddressLine1Txt
CityBrentwoodCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94513ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCd
TAIWO A ABUGAN
282 W Country Club DrBrentwoodCA94513President0.00$0$0$0
YVONNE Y ABUGAN
282 W Country Club DrBrentwoodCA94513Director0.00$0$0$0
KEMI OLUBODE
Program Coordinator0.00$0$0$08 Arubuola Str Omigbade Ogo OluwaOsogboOsun StateNI
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Scholarships awarded to 122 high school seniors which covered enrolment fees for their final year exam - WAECDescription1Txt
Expenses1$2,973Expenses1Amt
Description2Grants awarded to 8 university studentsDescription2Txt
Expenses2$339Expenses2Amt
Description3Provision of computer training class to high school studentsDescription3Txt
Expenses3$783Expenses3Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,261ExpensesAndContributionsAmt
Qualifying Distributions$5,261QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$5,261QualifyingDistributionsAmt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$5,261RemainingDistriFromCorpusAmt
Total Corpus$5,261TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$5,261ExcessDistriCyovToNextYrAmt
Excess From Current Year$5,261ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTOKIMI FOUNDATIONRecipientPersonNm

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line1A166 Isokun StreetAddressLine1Txt
CityIlesaCityNm
Province Or StateOsun StateProvinceOrStateNm
CountryNICountryCd
Foreign PostalNoneForeignPostalCd
FieldValueIRS element (for citing)
Recipient Email Addresstokimifoundation@gamil.comRecipientEmailAddressTxt
Form And Info And MaterialsScholarshipGrant Application Form High school resultsadmission letteFormAndInfoAndMaterialsTxt
Submission DeadlinesNASubmissionDeadlinesTxt
Restrictions On AwardsScholarships and grants are strictly meritbased nonrelativesRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient Foundation StatusRecipientFoundationStatusTxt
KAUSARAT HABEEB
Federal Polytechnic OffaOffaNINonRelativeGrants- financial support towards tuition payment$35
ABOSEDE ADEKANYE
Ladoke Akinto University of TechOgbomosoNINonRelativeGrant towards tuition payment$89
TAIWO P OLADITI
Obafemi Awolowo UniversityIleIfeNINonRelativeGrant toward tuition payment$42
OLAMILEKAN J ESHO
Obafemi Awolowo UniversityIleIfeNINonRelativeGrant toward tuition payment$35
ADEJUMO JAMES
Osun State UniversityOsogboNINonRelativeGrant towards tuition payment$47
BUKOLA FAKOKUNDE
Federal University of Technology AkAkureNINonRelativeGrant towards tuition payment$45PF Private nonoperat
LEAH OGUNYEMI
LADOKE AKINTOLA UNIVERSITY OF TECHOgbomosoNINonRelativeGrant toward tuition payment$47
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$340TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
TAIWO A ABUGAN
1282 W Country Club DrBrentwoodCA94513$4,345Yes (X)
PAUL TIMTIMAN
2Flanagan CourtDublinCA94568$500Yes (X)
JD KHAN
3BrentwoodBrentwoodCA94513$450Yes (X)
TUNDE IKUTIMINU
4BrentwoodBrentwoodCA94513$200Yes (X)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (4 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Wall Fans$140$56$84$84
Furnitures Fittings$570$342$228$228
Computers$5,354$3,212$2,142$2,142
Power Generator$923$554$369$369

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescSouvenir TshirtsDesc
Revenue And Expenses Per Books$162RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$162DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Tax filing fees$150$150
Bank charges$8$8

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