Zawadi Africa Educational Fund Inc
- Assets
- $463.4k
- Revenue
- $118.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-5744658
Organization Overview
Zawadi Africa Educational Fund Inc is located in Atlanta, GA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zawadi Africa Educational 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 12/2021, Zawadi Africa Educational Fund Inc generated $118.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $117.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ALL COSTS ASSOCIATED WITH TRAVEL AND LIVING FOR WOMEN FROM AFRICA TO ATTEND U.S. OR OTHER INSTITUTIONS OF HIGHER EDUCATION. SINCE THE ORGANIZATION BEGAN MORE THAN 400 STUDENTS HAVE BEEN ENROLLED AT TOP UNIVERSITIES IN THE U.S. THE STUDENTS IN THE PROGRAM HAVE AN AVERAGE GPA OF 3.75. ALL STUDENTS ARE REQUIRED TO BE PARTNERS IN THIS INITIATIVE BY HOLDING DOWN ON-CAMPUS JOBS TO PAY FOR BOOKS AND INCIDENTALS. ON AVERAGE, THE PROGRAM PAYS FOR LESS THAN 10% OF THE TOTAL COSTS OF A FOUR YEAR EDUCATION, WITH THE BALANCE FUNDED BY MERIT BASED COLLEGE GRANTS AND SCHOLARSHIPS. THE ESTIMATED VALUE OF SCHOLARSHIPS FOR 2021 WAS 368,000. OTHER DONATED SERVICES INCLUDE AIR FARE, CLOTHING AND INFORMATION TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Okuku Trustee | 0 | $0 | |
Isaac Awuondo Trustee | 0 | $0 | |
Eva Muraya Trustee Chai | 0 | $0 | |
Carol Sterling Trustee | 0 | $0 | |
Susan Mboya President/fo | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,497 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $4,117 |
| Travel, conferences, and meetings | $670 |
| Printing and publications | $0 |
| Other expenses | $19,594 |
| Total operating and administrative expenses | $28,116 |
| Contributions, gifts, grants paid | $88,886 |
| Total expenses and disbursements | $117,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,403 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $463,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
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Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
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The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |