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. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $47.1k during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Linguist Chimaliro Project Coodinator | 40 | $1,000 | |
Todd Petitt Executive Director | 5 | $0 | |
Holly Petitt Vice President | 20 | $0 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Africa Bags Inc has recieved totaling $345.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Porvenir Broomfield, CO | $769,042 | $2,079,210 |
Newton Et Cetera Shop Inc Newton, KS | $380,907 | $614,713 |
Global Seed Savers Denver, CO | $246,032 | $340,586 |
Foundation For Sustainable Living Albuquerque, NM | $5,220,211 | $1,126,448 |
Fi-Lanthro-Pe Inc Colorado Springs, CO | $0 | $0 |
Kilimanjaro Technology Foundation Castle Rock, CO | $98,881 | $59,574 |
Seed And Light International Albuquerque, NM | $96,450 | $0 |
Africa Bags Inc Loveland, CO | $35,237 | $0 |
Evans Family Foundation Park City, UT | $105,808 | $7,314 |
Alpine Initiatives Steamboat Springs, CO | $15,098 | $0 |