The Geanco Foundation
- Assets
- $954.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-3498204
Organization Overview
The Geanco Foundation is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Geanco Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geanco Foundation 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, Geanco Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.0m 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
GEANCOS MISSION IS TO SAVE AND IMPROVE THE LIVES IN AFRICA. THE PRINCIPAL ACTIVITIES OF THE FOUNDATION ARE TO RECEIVE AND/OR MAINTAIN FUNDS WHICH ARE USED FOR SPECIAL MEDICAL MISSIONS, MATERNAL AND INFANT HEALTH PROGRAMS, AND SUPPORT OF SCHOOLS IN AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE ORGANIZATION WAS ABLE TO PERFORM A LAPAROSCOPIC SURGICAL MISSION AT LIFE INTERNATIONAL HOSPITAL IN NIGERIA. THE ORGANIZATION BROUGHT US SURGEONS THAT WORKED WITH NIGERIAN SURGEONS AND ANESTHESIOLOGISTS AND PERFORMED 73 PROCEDURES ON 33 PATIENTS IN FOUR DAYS. THEY ALSO PROVIDED HANDS-ON LAPAROSCOPIC SURGERY TRAINING AND GAVE LECTURES TO 25 NIGERIAN SURGEONS AND DOCTORS WHO TRAVELED FROM ALL OVER THE COUNTRY TO PARTICIPATE IN THE TRAINING.THE FOUNDATION HAS SIX MATERNITY CENTER CLINICS IN OPERATION IN NIGERIA AS OF JUNE OF 2024. ALL ARE SOLAR POWERED AND PROVIDE PRENATAL AND POSTNATAL CARE, AS WELL AS DELIVERY SERVICES AND VACCINATIONS. THE FOUNDATION HAS A LEADERSHIP SCHOLARSHIP PROGRAM FOR GIRLS IN NIGERIA WHO HAVE BEEN NEGATIVELY IMPACTED BY ACTS OF TERRORISM AND GENDER INEQUALITY. DURING 2021, THE FOUNDATION CONTINUED THE EXPANSION OF ITS ANEMIA PROGRAM AT FOUR HOSPITALS AND CLINICS IN SOUTHEAST NIGERIA. THE FOUNDATIONS LEADERS MADE OFFICIAL VISITS TO THE PARTNER HOSPITALS THAT MANAGE THE DAILY SCREENING AND TREATMENT OF VULNERABLE WOMEN AND CHILDREN FOR ANEMIA, A DANGEROUS BLOOD CONDITION.INCLUDED IN THIS TOTAL ARE ALSO A PORTION OF THE SALARIES OF THE FOUNDATIONS ONLY TWO EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Afam Onyema CEO And Co-Founder | OfficerTrustee | 70 | $240,119 |
Dr Godwin Onyema President And Co-Founder | OfficerTrustee | 35 | $92,125 |
Ebele Onyema Director | Trustee | 0 | $0 |
Sam Neswick Director | Trustee | 0 | $0 |
Dr Kevin El-Hayek Director | Trustee | 0 | $0 |
Mark Johnson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,491 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,132,328 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,132,328 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,245 |
| Compensation of current officers, directors, key employees. | $49,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,740 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,095 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,020 |
| 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 | $0 |
| All other expenses | $133,908 |
| Total functional expenses | $1,031,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,446 |
| 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 | $19,018 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $180,583 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $954,547 |
| Accounts payable and accrued expenses | $80,793 |
| 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 | $80,793 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $873,754 |
| Total liabilities and net assets/fund balances | $954,547 |