African Well Fund Inc
- Assets
- $32.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schenectady, NY
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 20-0034483
Organization Overview
African Well Fund Inc is located in Schenectady, NY. The organization was established in 2003. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Well Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, African Well Fund Inc generated $29.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $21.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED GRANTS TO PANAFRICARE FOR DESIGNATED WELL FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Yoder Chair | 1 | $0 | |
Lara Wineman Vice-Chair | 1 | $0 | |
Anne Cimon Treasurer | 1 | $0 | |
Angela Martens Secretary | 1 | $0 | |
Elizabeth Gipson Board Mbr | 1 | $0 | |
Ayesha Marcel Board Mbr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,241 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,241 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,884 |
| Total expenses | $21,884 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,582 |
| Other assets | $0 |
| Total assets | $32,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,582 |