Ilu Club Of Chicago

Ogunniyi Abimbola Dir

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,822
Expenses
$57,303
Net Income
$519
Net Assets
$519
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $532
Total Liabilities $13
Net Assets $519
Club or Co-Op Income
Initiation Fees & Contributions $57,822
Income From Public Use of Club Facilities $57,822
Compensation
Key Employees and Officers Compensation Other
Babatunde Akinrinade (President/mayor) $0 $0
Olumuyiwa Adekanhunsi (Vice President/mayor) $0 $0
Olubunmi Balogun (Chairman) $0 $0
Olanrewaju Olufemi (Financial Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,885
Expenses
$71,944
Net Income
$2,941
Net Assets
$222,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,885
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $241,632
Total Liabilities $19,494
Net Assets $222,138
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Babatunde Akinrinade (President/mayor) $0 $0 $0
Olumuyiwa Adekanhunsi (Vice President/mayor) $0 $0 $0
Olubunmi Balogun (Chairman) $0 $0 $0
Olanrewaju Olufemi (Financial Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$30,045
Expenses
$29,536
Net Income
$509
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Ayo Folorunsho (Mayor/president) $0 $0
Babatunde Akinrinade (Deput Mayor) $0 $0
Seyi Ojo (Secretary) $0 $0
Rasheed Sarumi (Chairman) $0 $0
Segun Omodayo (Auditor) $0 $0
Funmi Olanrewaju (Financial Secretary) $0 $0
Sina Adeyeni (Social Secretary) $0 $0
Shittu Adewale (Board Member) $0 $0
Bayo Olorode (Board Member) $0 $0
Yemi Efunnuga (Board Member) $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$83,640
Expenses
$60,074
Net Income
$23,566
Net Assets
$140,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,696
21.2%
Assets/Debt
Total Assets $140,000
Total Liabilities $0
Net Assets $140,000
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Ayo Folorunsho (Mayor/president) $0 $0
Babatunde Akinrinade (Deput Mayor) $0 $0
Seyi Ojo (Secretary) $0 $0
Rasheed Sarumi (Chairman) $0 $0
Segun Omodayo (Auditor) $0 $0
Funmi Olanrewaju (Financial Secretary) $0 $0
Sina Adeyeni (Social Secretary) $0 $0
Shittu Adewale (Board Member) $0 $0
Bayo Olorode (Board Member) $0 $0
Yemi Efunnuga (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,051
Expenses
$14,833
Net Income
$29,218
Net Assets
$141,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,184
18.6%
Assets/Debt
Total Assets $141,811
Total Liabilities $0
Net Assets $141,811
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Ayo Folorunsho (Mayor/president) $0 $0
Babatunde Akinrinade (Deput Mayor) $0 $0
Seyi Ojo (Secretary) $0 $0
Rasheed Sarumi (Chairman) $0 $0
Segun Omodayo (Auditor) $0 $0
Funmi Olanrewaju (Financial Secretary) $0 $0
Sina Adeyeni (Social Secretary) $0 $0
Shittu Adewale (Board Member) $0 $0
Bayo Olorode (Board Member) $0 $0
Yemi Efunnuga (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$56,028
Expenses
$44,518
Net Income
$11,510
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $5,600
Compensation
Key Employees and Officers Compensation Other
Ayo Folorunsho (Mayor/president) $0 $0
Babatunde Akinrinade (Deput Mayor) $0 $0
Seyi Ojo (Secretary) $0 $0
Rasheed Sarumi (Chairman) $0 $0
Segun Omodayo (Auditor) $0 $0
Funmi Olanrewaju (Financial Secretary) $0 $0
Sina Adeyeni (Social Secretary) $0 $0
Shittu Adewale (Board Member) $0 $0
Bayo Olorode (Board Member) $0 $0
Yemi Efunnuga (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,200
Expenses
$42,867
Net Income
$12,333
Net Assets
$148,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $148,500
Total Liabilities $0
Net Assets $148,500
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $5,500
Compensation
Key Employees and Officers Compensation Other
Ayo Folorunsho (Mayor/president) $0 $0
Babatunde Akinrinade (Deput Mayor) $0 $0
Seyi Ojo (Secretary) $0 $0
Rasheed Sarumi (Chairman) $0 $0
Segun Omodayo (Auditor) $0 $0
Funmi Olanrewaju (Financial Secretary) $0 $0
Sina Adeyeni (Social Secretary) $0 $0
Shittu Adewale (Board Member) $0 $0
Bayo Olorode (Board Member) $0 $0
Yemi Efunnuga (Board Member) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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