Neoped Foundation
Neoped Foundation is a private foundation, based in Oak Brook, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 2 grants totaling $172K.
Key facts about Neoped Foundation
In short: Neoped Foundation gave $172K across 2 grants in 2024 (avg $86K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- EIN
- 36-4089527
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $171,552
- Grants made (2024)
- 2
- Average grant
- $85,776
- Median grant
- $85,776
- Total assets
- $3,413
- Primary geography
- District of Columbia (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3K
+11.7% YoY
Annual Giving
$172K
+30.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$86K
+30.5% YoY
Under IRS private-foundation payout rules, Neoped Foundation reported a distributable amount of $218 for 2024 — the minimum it must pay out in qualifying distributions.
How Neoped Foundation gives
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $46K (2020) to $183K (2021). In 2024 it made 2 grants totaling $172K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Scholarships - USA ($171K). Together the top 2 received $172K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 6 grants of 10 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarships - USA Washington, DC | Charitable | $170,552 |
| Heritage Medical Educational Cultural Foundation Oak Brook, IL | Charitable Use in the General Fund | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,413 | $3,055 | $21,873 |
| Revenue | $285,395 | $162,823 | $201,900 |
| Expenses | $285,037 | $181,641 | $181,881 |
| Qualifying Distributions | $279,269 | $151,232 | $178,861 |
| Distributable Amount | $218 | $159 | $164 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Neoped Foundation is led by Udochukwu O. Asonye MD, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Udochukwu O. Asonye MD
President
On filings since 2020
20 hrs/week
No compensation reported
Arvind Shukla
Director
On filings since 2020
20 hrs/week
No compensation reported
Edna Asonye
Director
On filings since 2020
20 hrs/week
No compensation reported
Leonardo Malalis
Director
On filings since 2020
20 hrs/week
No compensation reported
Dorothy Garrett
Secretary
On filings since 2020
20 hrs/week
No compensation reported
Former officers (4)
- Former: Gerardo Reyes (2020–2023) — Director
- Former: Marcia Dawson MD (2020–2023) — Treasurer
- Former: Rabi Sulayman (2020–2023) — Director
- Former: Ravi George (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Neoped Foundation
How much does Neoped Foundation give each year?
Neoped Foundation gave $172K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $131K across 2 grants.
How large is Neoped Foundation?
Neoped Foundation reported $3K in total assets on its 2024 IRS Form 990-PF. It paid out $279K in qualifying distributions that year, against a required minimum of $218 (roughly 5% of its investment assets).
Where does Neoped Foundation operate?
Neoped Foundation has awarded grants in District of Columbia, Illinois.
What is Neoped Foundation's EIN?
Neoped Foundation's EIN (Employer Identification Number) is 36-4089527. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Neoped Foundation by hand.
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