Harambee Community Development Initiative Inc
- Assets
- $539.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- East Orange, NJ
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 22-3311125
Organization Overview
Harambee Community Development Initiative Inc, operating under the name Harambee Family Academy, is located in East Orange, NJ. The organization was established in 1994. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Harambee Family Academy employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harambee Family Academy 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 12/2023, Harambee Family Academy generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HARAMBEE UNLOCKS THE TREMENDOUS POTENTIAL THAT EXISTS WITHIN EVERY CHILD THROUGH EDUCATIONAL PROGRAMS AND STRATEGIC PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIKE SCHOOLS ACROSS THE COUNTRY, HARAMBEE CONTINUES TO GRAPPLE WITH REMAINING CHALLENGES CAUSED BY THE PANDEMIC - FROM CHILDREN'S DEVELOPMENTAL DELAYS, LOW ENROLLMENT, AND STAFFING SHORTAGES. DESPITE THESE DIFFICULTIES, HARAMBEE CONSISTENTLY PROVIDES HIGH-QUALITY EARLY CHILDHOOD EDUCATION, MARKED BY: STABLE STAFFING: OUR DEDICATED TEAM REMAINS CONSISTENT, ENSURING A STABLE LEARNING ENVIRONMENT FOR OUR STUDENTS. ABOVE AVERAGE STUDENT ATTENDANCE: OUR COMMITMENT TO ENGAGING AND SUPPORTIVE EDUCATION IS REFLECTED IN OUR IMPRESSIVE ATTENDANCE RATES. ACTIVE PARENTAL INVOLVEMENT: WE FOSTER A STRONG PARTNERSHIP WITH PARENTS, WHO PLAY AN ACTIVE ROLE IN THEIR CHILDREN'S EDUCATION. HIGH STUDENT ASSESSMENT SCORES: OUR STUDENTS ACHIEVE SOME OF THE HIGHEST ASSESSMENT SCORES IN THE DISTRICT, SHOWCASING THE EFFECTIVENESS OF OUR EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Mcdowell Acting Board Chairperson | Trustee | 1 | $0 |
Rev Maria Crompton Director | Trustee | 0.5 | $0 |
Mary Puryear Director | Trustee | 0.5 | $0 |
Easter Coleman-Parks Executive Director | Officer | 40 | $85,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,173,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,179,590 |
| Total Program Service Revenue | $75,254 |
| Investment income | $34 |
| 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 | $1,254,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,274 |
| 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. | $85,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,974 |
| Payroll taxes | $64,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,846 |
| Advertising and promotion | $0 |
| Office expenses | $35,225 |
| Information technology | $23,274 |
| Royalties | $0 |
| Occupancy | $116,957 |
| Travel | $5,858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $635 |
| Interest | $68,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,836 |
| Insurance | $35,024 |
| All other expenses | $11,077 |
| Total functional expenses | $1,287,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,282 |
| Savings and temporary cash investments | $22,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $285 |
| 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 | $207,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,181 |
| Accounts payable and accrued expenses | $68,368 |
| 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 | $394,554 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $612,922 |
| Net assets without donor restrictions | -$158,750 |
| Net assets with donor restrictions | $85,009 |
| 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 | $539,181 |