Congo Initiative Usa Inc
- Assets
- $749.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Raleigh, NC
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-3467419
Organization Overview
Congo Initiative Usa Inc is located in Raleigh, NC. The organization was established in 2007. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2023, Congo Initiative USA Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congo Initiative USA 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 12/2023, Congo Initiative USA Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CONGO INITIATIVE USA IS TO PROMOTE CHRISTIAN HIGHER EDUCATION, LEADERSHIP FORMATION, AND COMMUNITY TRANSFORMATION IN THE DEMOCRATIC REPUBLIC OF CONGO (DRC). THIS MISSION WILL BE ACCOMPLISHED BY, AMONG OTHER MEANS, PROVIDING FINANCIAL AND PERSONNEL SUPPORT FOR CONGO INITIATIVE - UNIVERSITE CHRETIENNE BILINGUE DU CONGO, AN EDUCATION INSTITUTION ORGANIZED AND EXISTING UNDER THE LAWS OF THE DRC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPLISHMENT 1 - EDUCATION, LEADERSHIP AND COMMUNITY TRANSFORMATION ACCOMPLISHMENT INCLUDES: - PROVIDING FORMAL EDUCATION AND TRAINING TO NURTURE ETHICAL LEADERS TO BE AGENTS OF CHANGE THROUGHOUT THE CONGOLESE SOCIETY. - PROVIDING PROFESSIONAL DEVELOPMENT FOR TEACHERS AND STAFF TO EQUIP THEM WITH PEDAGOGICAL SKILLS. - PROVIDING PRIMARY AND SECONDARY EDUCATION FOR CONGO'S YOUNGEST LEARNERS. - PROMOTE JUSTICE AND STRENGTHEN FAMILIES AND COMMUNITIES IN CONGO VIA PROFESIONAL INDIVIDUAL AND GROUP CONSELING, PARENTING SEMINARS, ETHNIC RECONCILIATION AND PEACEBUILDING ACTIVITIES, PRO-BONO LEGAL SERVICES, ECONONOMIC DEVELOPMENT AND MORE.
SUPPORTING SERVICES THROUGH MANAGEMENT AND GENERAL ADMINISTRATIVE SERVICES ALONG WITH FUNDRAISING SERVICES.
ACCOMPLISHMENT 2 - FACILITIES AND INFRASTRUCTURE ACCOMPLISHMENT INCLUDES: - DEVELOP AND MAINTAIN PROPERTY AND INFRASTRUCTURE WHICH SUPPORT THE ORGANIZATION'S PROGRAMS AND ACCOMPLISHMENTS.
ACCOMPLISHMENT 3 - PARTNERSHIP DEVELOPMENT AND CAPACITY BUILDING ACCOMPLISHMENT INCLUDES: - PROVIDE AWARENESS-RAISING ACTIVITIES FOR THE GENERAL PUBLIC ABOUT CONGO, AS WELL AS DEVELOP, STRENGTHEN, AND EXPAND PARTNERSHIPS WITH INDIVIDUALS, INSTITUTIONS (UNIVERSITIES), FOUNDATIONS AND CHURCHES ACROSS THE WORLD. - THE ABOVE WILL BE ACCOMPLISHED BY TEACHING OTHERS ON THE HISTORY AND CURRENT CONTEXT OF DR CONGO TO DEEPEN THEIR ENGAGEMENT WITH THE LIVES OF CONGOLESE CHRISTIANS. STORIES, DATA COLLECTIONS, MONITORING AND EVALUATION REPORTS WILL ALL BE USED TO TEACH OTHERS AND RAISE AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Wolcott Treasurer | OfficerTrustee | $0 | |
Mary Henton Director | Trustee | $0 | |
Chelsie Chan Director | Trustee | $0 | |
Timoteo Acosta Vice Chair | OfficerTrustee | $0 | |
Caroline Kolins Secretary | OfficerTrustee | $0 | |
Julie Bryce Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,077,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,077,202 |
| Total Program Service Revenue | $0 |
| Investment income | $6,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,151,856 |
| 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 | $873,686 |
| 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 | $132,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,582 |
| Payroll taxes | $10,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,752 |
| Office expenses | $7,336 |
| Information technology | $11,364 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,090 |
| 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 | $0 |
| Insurance | $655 |
| All other expenses | $5,564 |
| Total functional expenses | $1,198,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,719 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $193,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,234 |
| Accounts payable and accrued expenses | $23,192 |
| 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 | $23,192 |
| Net assets without donor restrictions | $290,214 |
| Net assets with donor restrictions | $435,828 |
| 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 | $749,234 |