Indego Africa Project
- Assets
- $306.1k
- Revenue
- $616.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Long Island City, NY
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5874831
Organization Overview
Indego Africa Project is located in Long Island City, NY. 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. As of 12/2022, Indego Africa Project employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indego Africa Project 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, Indego Africa Project generated $616.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $547.2k during the year ending 12/2022. 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
INDEGO AFRICA PROJECT, A NON-PROFIT ORGANIZATION, HAS BEEN PROPELLING THE CREATION, GROWTH, AND SUSTAINABILITY OF WOMEN-OWNED BUSINESSES IN AFRICA SINCE 2007, PROVIDING EMPLOYMENT THROUGH A GLOBAL MARKET FOR THEIR HANDMADE PRODUCTS AND INVESTING IN THEIR EDUCATION. OVER 2,000 ARTISANS HAVE PARTNERED WITH INDEGO AFRICA SINCE ITS INCEPTION. WHAT BEGAN AS A MODEL TO EMPOWER AND EDUCATE WOMEN IN POST-GENEOCIDE RWANDA, HAS GROWN INTO A COMMITMENT TO HELP WOMEN, YOUTH, AND REFUGEES ACROSS AFRICA BECOME SUCCESSFUL ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VOCATIONAL & BUSINESS TRAINING PROGRAM HELPS UNEMPLOYED YOUTH AND REFUGEES BUILD THE SKILLS TO INTEGRATE AND SUCCEED IN THE GLOBAL ARTISAN ECONOMY WITH THE FOLLOWING OUTCOMES:MASTER A SPECIFIC HANDICRAFT TECHNIQUEFORM, REGISTER AND RUN AN INDEPENDENT WOMAN-OWNED COOPERATIVE BUSINESS BECOME INDEGO AFRICA SUPPLIERS AND PRODUCE HANDMADE GOODS FOR THE EXPORT MARKETOPEN BANK ACCOUNTS FOR THEIR BUSINESSES WITH INCOME EARNEDJOIN THE IGICERI CREDIT UNION IN RWANDA, FOUNDED BY GRADUATES OF INDEGO'S LEADERSHIP ACADEMY IMPROVED LIVELIHOODS FOR THEMSELVES AND FINANCIAL ABILITY TO SUPPORT THEIR FAMILIES.
MARKET ACCESS:PROVIDING ARTISANS WITH OPPORTUNITIES TO EARN STEADY, SUSTAINABLE INCOME IS A KEY ELEMENT OF INDEGO'S MARKET-BASED IMPACT MODEL AND INTERNATIONAL SUPPLY CHAIN. BY EXPLAINING PRODUCT SPECIFICATIONS AND CONDUCTING QUALITY CONTROL OUR PRODUCTION TEAMS IN AFRICA HELP REINFORCE OUR PARTNERS' PRACTICAL SKILLS WITH THE ONSITE GUIDANCE THEY NEED TO CREATE HIGH QUALITY PRODUCTS FOR THE INTERNATIONAL EXPORT MARKET. INDEGO ACTED SWIFTLY WHEN THE COVID-19 PANDEMIC WAS DECLARED IN MARCH 2020 AND THROUGHOUT 2021 AND 2022 TO COUNTER-ACT THE IMPACT OF THE COVID-19 PANDEMIC ON OUR ARTISAN PARTNERS, INCLUDING LOCKDOWNS IN THEIR COUNTRIES AND SHUTTERED STORES IN THE US WHERE THEIR PRODUCTS ARE SOLD. WE CREATED AN ARTISAN LIVELIHOOD PROTECTION FUND TO SUPPORT STEADY ORDERS, DESPITE LACK OF CLIENT DEMAND, WITH INDEGO BEARING THE COMMERCIAL RISK OF BUILDING UP INVENTORY.
BUSINESS AND COMMUNITY LEADERSHIP:INDEGO AFRICA BELIEVES THAT EDUCATING WOMEN IS THE KEY TO LONG-TERM EMPOWERMENT AND SOCIAL CHANGE. THROUGH CUSTOMIZED EDUCATION PROGRAMS, INDEGO'S PARTNERS DEVELOP THE KNOWLEDGE AND SKILLS THEY NEED TO RUN AND SCALE THEIR OWN BUSINESSESS, BECOME EMPOWERED ENTERPRENEURS, AND DRIVE ECONOMIC GROWTH IN THEIR COMMUNITIES. OUR EDUCATION PROGRAMS, PAUSED DURING THE GLOBAL PANDEMIC DUE TO LOCKDOWNS IN RWANDA, RESUMED IN JANUARY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Yelick Chief Executive Officer | OfficerTrustee | 40 | $9,300 |
Joseph Owens Chief Financial Officer | OfficerTrustee | 20 | $0 |
Matthew Mitro Chairman | OfficerTrustee | 10 | $0 |
Christopher Birosak Vice Chairman | OfficerTrustee | 5 | $0 |
Ryan Lester Secretary | OfficerTrustee | 5 | $0 |
Lyndsay Abrams Trustee | Trustee | 5 | $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 | $441,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,659 |
| Total Program Service Revenue | $0 |
| Investment income | $2,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,015 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,422 |
| 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. | $110,094 |
| Compensation of current officers, directors, key employees. | $4,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,766 |
| Payroll taxes | $20,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,010 |
| Office expenses | $4,799 |
| Information technology | $3,281 |
| Royalties | $0 |
| Occupancy | $49,042 |
| Travel | $1,119 |
| 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 | $2,712 |
| All other expenses | $10,930 |
| Total functional expenses | $547,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,315 |
| Prepaid expenses and deferred charges | $6,127 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,461 |
| Total assets | $306,064 |
| Accounts payable and accrued expenses | $30,403 |
| Grants payable | $0 |
| Deferred revenue | $13,341 |
| 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 | $51,611 |
| Total liabilities | $95,355 |
| Net assets without donor restrictions | $181,785 |
| Net assets with donor restrictions | $28,924 |
| 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 | $306,064 |