Friends Of Chikumbuso Inc
- Assets
- $390.7k
- Revenue
- $493.9k
- Investments
- $0.0
- Employees
- 1
- Location
- North Stonington, CT
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 27-0414264
Organization Overview
Friends Of Chikumbuso Inc is located in North Stonington, CT. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Chikumbuso 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 12/2023, Friends Of Chikumbuso Inc generated $493.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $469.2k during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REMEMBER TO DO FOR OTHERS BY CARING FOR WIDOWS AND YOUNG SINGLE MOMS THROUGH MICRO ENTERPRISE, EDUCATING IMPORVERISHED STUDENTS K-COLLEGE, AND REACHING OUT TO GRANDMOTHERS IN NGOMBE COMPOUND, LUSAKA, ZAMBIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARY PROGRAM TRAINED 20 NEW STUDENTS, SUPPORTED 20 ARTISANS THROUGH MICRO ENTERPRISEK-12 EDUCATION 425 STUDENTS ATTENDED CLASSES AT CHIKUMBUSO K-7 SCHOOL AND GRADE 8-12 STUDENTS ATTENDED A LOCAL PRIVATE SCHOOL, OUR FEEDING PROGRAMS SERVED OVER 60,000 MEALS TO STUDENTS AND STAFF, STUDENTS WERE SUPPORTED WITH TUTORING AND ACCESS TO OUR COMPUTER LAB. COLLEGE/TERTIARY 92 STUDENTS TOTAL HAVE GRADUATED PROGRAMS. 90 ARE CURRENTLY ENROLLED IN VARIOUS SCHOOL PURSUING A VARIETY OF PROFESSIONS NURSING, TEACHING, BUSINESS ADMINISTRATION, HOSPITALITY, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wilkinson Founder | Officer | 40 | $70,000 |
Lisa Veitenhans Chair | OfficerTrustee | 1 | $0 |
David Neiswander Secretary | OfficerTrustee | 1 | $0 |
Amy Kennedy Treasurer | OfficerTrustee | 1 | $0 |
Sabrina Buehler Board Member | Trustee | 1 | $0 |
Katherine Wilkinson-Awad Board Member | Trustee | 1 | $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 | $506,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,240 |
| Total Program Service Revenue | $0 |
| Investment income | $4,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,859 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,867 |
| 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 | $340,015 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,775 |
| Payroll taxes | $5,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,828 |
| 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 | $1,246 |
| Insurance | $0 |
| All other expenses | $1,811 |
| Total functional expenses | $469,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,219 |
| Savings and temporary cash investments | $117,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,493 |
| Investments—publicly traded securities | $120,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,672 |
| Accounts payable and accrued expenses | $2,270 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,270 |
| Net assets without donor restrictions | $383,565 |
| Net assets with donor restrictions | $4,837 |
| 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 | $390,672 |