Africa Community Exchange
- Assets
- $36.0k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-4962182
Organization Overview
Africa Community Exchange, operating under the name ACE Liberia, is located in Midlothian, VA. The organization was established in 2007. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ACE Liberia 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, ACE Liberia generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MODEL OF EDUCATION FOR YOUTH THAT HELPS TO MEET THEIR BASIC NEEDS AND NORMALIZE THEIR LIVES, ALLOWING THEM TO OVERCOME THE IMPACT OF DISASTER AND CONFLICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACE CONTINUES ITS ANNUAL SUPPORT OF ANN SANDELL INDEPENDENT SCHOOL (A LOW-INCOME, COMMUNITY-BASED PRIMARY SCHOOL) FOR SPECIALTY TEACHERS, AND FOR INSTRUCTIONAL SUPPLIES.
ACE CONTINUES ITS SUPPORT OF THE TEACHER TRAINING PROGRAM, WHICH WAS INITIATED IN 2018 IN COLLABORATION WITH ZETA PHI BETA SORORITY INCORPORATED, ALPHA ALPHA LAMBDA ZETA CHAPTER (ZETA), KAKATA TEACHER TRAINING INSTITUTE (KRTTI), AND LIBERIA COMMUNITY NETWORK (LCN). IN 2022, THE MONTHLY TUTORIALS FOR 96 TEACHERS STAYED FOCUS ON THE BUILDING OF REMEDIAL SKILLS TO PREPARE PARTICIPANTS FOR THE C LEVEL CERTIFICATION EXAM REQUIRED FOR PRIMARY SCHOOL TEACHERS: 70% OF THE TRAINING WAS ON CONTENT MATH, SCIENCE, PHONICS, LITERACY, GRAMMAR, AND VOCABULARY. 30% OF THE TRAINING WAS PEDAGOGY, TEACHING AID, CHILD DEVELOPMENT, VALUES, CHANGE, CIVIC ENGAGEMENT, COGNITIVE LEARNING, HEALTH, SEX EDUCATION INCLUDING HIV WHICH IS NOW PANDEMIC IN LIBERIA. DUE TO COVID-19 PANDEMIC RESTRICTIONS, THE SUMMER INTENSIVE TRAINING WAS HELD IN OCTOBER AND PRESENTED AT 2 SITES FOR SOCIAL DISTANCING. THE TEACHERS WERE ALSO ENGAGED IN A COMMUNITY HOME SCHOOLING AND LITERACY PROGRAM.
PURCHASED AND SHIPPED PRINTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Mends-Cole Sherman Board Of Director | Trustee | 20 | $0 |
Cianna Tolbert Board Of Director | Trustee | 1 | $0 |
Hlne Rodriguez Sherman Secretary | Trustee | 1 | $0 |
Louise Montgomery At-Large Member | Trustee | 1 | $0 |
Jobila Williams Sy At-Large Board Member | Trustee | 1 | $0 |
Cordelia Starkes At-Large Member | Trustee | 1 | $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 | $49,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,977 |
| 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 | $49,977 |
| 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 | $32,787 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $40,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,188 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,951 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $35,951 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $35,951 |