American Friends Of Le Korsa Inc is located in Bethany, CT. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Le Korsa 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 12/2021, American Friends Of Le Korsa Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 24.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE OF PEOPLE IN SENEGAL BY PARTNERING WITH LOCAL LEADERS, EXPERTS, AND INSTITUTIONS TO PROVIDE THEM WITH THE FINANCIAL RESOURCES THEY NEED TO SUCCEED AND SUPPORT THEIR COMMUNITIES. WE WORK IN THE AREAS OF EDUCATION, HEALTHCARE, CULTURE, THE ENVIRONMENT,AND AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS: 1. WE CONTINUED TO FUND "THE FOYER DE TAMBACOUNDA" - A RESIDENTIAL FACILITY THAT ALLOWS OVER 140 YOUNG WOMEN TO CONTINUE THEIR EDUCATION BY ATTENDING STATE-OPERATED AND PRIVATE SCHOOLS WHILE LIVING IN SAFE AND SALUBRIOUS CONDITIONS, INSTEAD OF BEING FORCED INTO MARRIAGE AND CHILDBEARING AT A YOUNG AGE - OFTEN AS YOUNG AS TWELVE - AND REMAINING IN THEIR VILLAGES WITHOUT AUTHORITY OVER THEIR OWN LIVES. LE KORSA PROVIDES EDUCATIONAL PROGRAMS TO HELP THE YOUNG WOMEN PREPARE FOR THEIR COLLEGE ENTRANCE EXAMS, AS WELL AS CULTURAL PROGRAMS TO HELP THEM TO LEARN LIFE SKILLS. 2. LE KORSA CONTINUES OPERATING THE SCHOOL AT FASS WHICH IT CONSTRUCTED IN 2018. THIS SCHOOL IS THE FIRST OF ITS KIND IN THE REGION PROVIDING EDUCATION TO A POPULATION THAT PREVIOUSLY HAD NO ACCESS TO COURSES IN MATH AND LITERACY. IT NOW HAS ABOUT 220 GIRLS AND BOYS, AGED 6 TO 14; LE KORSA PAYS TEACHER SALARIES AND COVERS OTHER OPERATING EXPENSES. 3. LE KORSA PROVIDES SUPPORT FOR TEACHER SALARIES AND SUPPLIES AT THE JARDIN DES ENFANTS IN SINTHIAN; SAINT ANNE'S SCHOOL IN THIES, AND ELEMENTARY SCHOOLS IN THE VILLAGES OF GOUMBAYEL AND KOAR.
MEDICAL AND HEALTH PROGRAMS: 1. IN 2021 LE KORSA COMPLETED CONSTRUCTION OF A NEW MATERNITY AND PEDIATRIC WARD AT THE TAMBACOUNDA HOSPITAL IN TAMBACOUNDA, SENEGAL. TAMBACOUNDA HOSPITAL IS THE ONLY HOSPITAL IN A VERY LARGE REGION OF EASTERN SENEGAL. IT SERVES THE 80,000 RESIDENTS OF THE CITY OF TAMBACOUNDA, AND MORE THAN A MILLION PEOPLE FROM THE SURROUNDING AREA AND FROM MALI, WHOSE BORDER IS ABOUT AN HOUR AND A HALF AWAY. IT HAS 150 BEDS AND TREATS APPROXIMATELY 47,000 PATIENTS ANNUALLY, MOST OFTEN FOR MALARIA AND RESPIRATORY INFECTIONS. 2. MEDICAL GRANTS: LE KORSA PROVIDES FUNDING TO SERVERAL LOCAL HOSPITALS AND CLINICS TO OFFSET THE COST OF PATIENT CARE AND TO BUY MEDICAL SUPPLIES, LIFE-SAVING DRUGS, AND EQUIPMENT. THIS HELPS ENSURE THAT PEOPLE ARE NOT REFUSED CARE DUE TO THEIR INABILITY TO PAY. ADDITIONALLY, LE KORSA OFFERED PATIENT GRANTS TO INDIVIDUALS REQUIRING CARE AT OTHER INSTITUTIONS, INCLUDING WASSADOU MEDICAL CENTER, FESS MEDICAL CENTER, SINTHIAN MEDICAL CENTER, TAMBACOUNDA HOSPITAL, FANN HASPITAL, SAINT ANNE'S CLINIC, AND ALBERT ROYER HOSPITAL. 3. LE KORSA CONTINUED ITS SUPPORT AND MANAGEMENT OF A WOMEN'S HEALTH CENTER IN DAKAR WHERE IT SUBSIDIZES SALARIES OF THE ENTIRE STAFF, INCLUDING A NURSE AND AN OBGYN, TO EXPAND ITS ABILITY TO OFFER SAFE AND FREE PRENATAL HEALTH CARE TO A VULNERABLE POPULATION. 4. LE KORSA ALSO PROVIDES JOB TRAINING, NUTRITION EDUCATION, AND VARIOUS FORMS OF GYNECOLOGICAL AND PRENATAL CARE.
OTHER PROGRAMS: 1. AGRICULTURAL DEVELOPMENT, INCLUDING COMMUNITY GARDENS AND PRODUCTION OF HONEY AND THE SENEGALESE GRAIN FONIO, BY USE OF COOPERATIVES. 2. CULTURAL EXCHANGE, INCLUDING PROJECTS INVOLVING VISUAL ARTS, THEATRE, AND WRITING, IN THE VILLAGE OF SINTHIAN AND THE CITY OF TAMBACOUNDA. 3. DEVELOPMENT OF NEW APPROACHES TO ENVIRONMENTAL ISSUES,THROUGHOUT THE COUNTRY OF SENEGAL. 4. TREE PLANTING AND TOWN CLEANUP INITIATIVES, INCLUDING TREE PLANTING IN TAMBACOUNDA TO HELP BEAUTIFY THE CITY AND PROVIDE SHADE TO ITS RESIDENTS, AS WELL AS TREE PLANTING IN VILLAGES OUTSIDE OF THE CITY WHICH ACT AS A FIREWALL TO PROTECT RESIDENTS WHILE ALSO PROVIDING FRUIT AND NUT CROPS FOR FOOD AND FINANCIAL GAIN. 4. SUPPORT OF A COMMUNITY RADIO STATION TO SERVE A LARGE REGION IN WHICH MULTIPLE LANGUAGES ARE USED, WITH HEADQUARTERS IN THE VILLAGE OF GOLOUMBOU. 5. DEVELOPMENT OF SPORTS FACILITIES AND SPORTS TRAINING TO SUPPORT IMPROVED PHYSICAL HEALTH AND COMMUNITY COHESIVENESS IN VARIOUS LOCATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas Fox Weber President | OfficerTrustee | 10 | $0 |
Patrick Dewavrin Secretary | OfficerTrustee | 2 | $0 |
Louis Valentin Treasurer | OfficerTrustee | 20 | $0 |
Melanie Niemiec Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $29,100 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,658,452 |
Noncash contributions included in lines 1a–1f | $29,100 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,552 |
Total Program Service Revenue | $0 |
Investment income | $24,390 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $44,556 |
Net Income from Fundraising Events | $168,308 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,924,806 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $1,095,065 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,890 |
Fees for services: Accounting | $22,346 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,313 |
Fees for services: Other | $118,933 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $94,009 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,903 |
Insurance | $0 |
All other expenses | $197,315 |
Total functional expenses | $2,209,351 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $159,245 |
Savings and temporary cash investments | $29 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $16,357 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $225,229 |
Investments—publicly traded securities | $1,411,022 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,906 |
Total assets | $1,815,788 |
Accounts payable and accrued expenses | $5,742 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $5,742 |
Net assets without donor restrictions | $654,193 |
Net assets with donor restrictions | $1,155,853 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,815,788 |
Over the last fiscal year, we have identified 2 grants that American Friends Of Le Korsa Inc has recieved totaling $1,461,606.
Awarding Organization | Amount |
---|---|
The Josef And Anni Albers Foundation Inc Bethany, CT PURPOSE: GENERAL DONATION | $1,461,493 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $113 |
Beg. Balance | $1,037,774 |
Earnings | $129,131 |
Admin Expense | $11,052 |
Ending Balance | $1,155,823 |
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Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
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New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |