Family Otulana Foundation
Family Otulana Foundation is a private foundation focused on Health, based in Raleigh, NC. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $98K in total assets. Net investment income was $6K.
Family Otulana Foundation at a glance
- Total assets
- $97,959
- -2.0% vs 2024
- Revenue (2025)
- $6,663
- -93.3% vs 2024
- Net investment income (2025)
- $6,422
- Expenses (2025)
- $2,041
- -69.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2025 | $97,959 | $6,663 | $2,041 | — | $6,422 | $5,587 |
| 2024 | $100,000 | $100,000 | $6,663 | $6,663 | — | $410 |
Under IRS private-foundation payout rules, Family Otulana Foundation reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Family Otulana Foundation is led by Babatunde Otulana, CEO & President on every filing since 2024; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Babatunde Otulana
CEO & President
On filings since 2024
No compensation reported
Javon Fluker
Secretary
On filings since 2024
No compensation reported
Mosopefoluwa Otulana
CFO
On filings since 2024
No compensation reported
Oluwatobi Otulana
Board Member
On filings since 2024
No compensation reported
Rantiade Otulana
Board Member
On filings since 2024
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Family Otulana Foundation
How large is Family Otulana Foundation?
Family Otulana Foundation reported $98K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $7K.
What is Family Otulana Foundation?
Family Otulana Foundation is a private foundation focused on Health, based in Raleigh, NC. It holds $98K in total assets as of 2025.
How much is Family Otulana Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Family Otulana Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Family Otulana Foundation's EIN?
Family Otulana Foundation's EIN (Employer Identification Number) is 33-2350920. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal year 2024
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