Africa Bags Inc
- Assets
- $35.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8331454
Organization Overview
Africa Bags Inc is located in Loveland, CO. The organization was established in 2008. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural 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. Africa Bags 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, Africa Bags Inc generated $61.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $47.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Petitt Executive Director | 5 | $0 | |
Holly Petitt Vice President | 20 | $0 | |
Linguist Chimaliro Project Coodinator | 40 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,536 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,064 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $150 |
| Printing, publications, postage, and shipping | $174 |
| Other expenses | $45,799 |
| Total expenses | $47,123 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,941 |
| Other assets | $0 |
| Total assets | $35,237 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Porvenir Broomfield, CO | $741,629 | $1,822,717 |
Newton Et Cetera Shop Inc Newton, KS | $451,627 | $645,440 |
Foundation For Sustainable Living Albuquerque, NM | $5,269,773 | $217,411 |
Global Seed Savers Denver, CO | $199,721 | $149,336 |
Fi-Lanthro-Pe Inc Colorado Springs, CO | $0 | $0 |
Kilimanjaro Technology Foundation Castle Rock, CO | $64,221 | $68,164 |
Seed And Light International Albuquerque, NM | $84,687 | $0 |
Africa Bags Inc Loveland, CO | $35,237 | $0 |
Evans Family Foundation Park City, UT | $110,124 | $38,964 |
Alpine Initiatives Steamboat Springs, CO | $15,098 | $0 |