Akesis Health Inc
- Assets
- $4.4m
- Revenue
- $2.6m
- Investments
- $197.1k
- Employees
- 6
- Location
- Solon, OH
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 34-1941212
Organization Overview
Akesis Health Inc, operating under the name Fka Akios Foundation Inc, is located in Solon, OH. The organization was established in 2001. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Fka Akios Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka Akios Foundation 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, Fka Akios Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 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
TO DESIGN AND IMPLEMENT PROGRAMS AND OTHER HUMANITARIAN AID / ASSISTANCE IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NIGERIA: THE ORGANIZATION'S ACTIVITIES ARE CONCENTRATED ON FORECASTING, PROCUREMENT, IMPORTING, WAREHOUSING, DISTRIBUTION AND RELATED SUPPLY CHAIN INFORMATION MANAGEMENT OF MEDICAL GRADE PHARMACEUTICALS, LABORATORY EQUIPMENT AND OTHER MEDICAL COMMODITIES FOR THE DIAGNOSIS AND TREATMENT OF PERSONS INFECTED WITH OR AFFECTED BY HIV/AIDS, TUBERCULOSIS, MALARIA, COVID-19 AND WITH OTHER MEDICAL NEEDS.
SUDAN: THE ORGANIZATION'S ACTIVITIES ARE CONCENTRATED ON IN-COUNTRY SUPPORT AND STRENGTHENING OF THE SUDAN PUBLIC HEALTH SUPPLY CHAIN. AKESIS PROVIDES OVERSIGHT TO ADDRESS PROCUREMENT AND DISTRIBUTION CHALLENGES RELATED TO COUNTRY RESTRICTED TRAVEL, LAPSE OF QUANTIFICATION AND FORECASTING ISSUES.
ERITREA: AKESIS HEALTH, INC., AS A SUB-CONTRACTOR THROUGH PICMA AFRICA, INC., HAS BEEN ENGAGED BY THE GLOBAL FUNDS TO FIGHT AIDS, TUBERCULOSIS AND MALARIA TO PROVIDE TECHNICAL ASSISTANCE, TO OBTAIN SUPPLY CHAIN VISIBILITY AT CENTRAL LEVEL AND TO IMPROVE SUPPLY CHAIN PLANNING CAPACITY THROUGH IMPROVING INFORMATION SYSTEM DATA FLOWS AND DEVELOPING CAPACITY IN ERITREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Ahern Chairman | OfficerTrustee | 8 | $55,965 |
Charles Morrison President | OfficerTrustee | 40 | $228,501 |
John Macdonald Treasurer | OfficerTrustee | 1 | $0 |
Joseph Saba Board Member | Trustee | 1 | $0 |
Joseph Donnelly Board Member | Trustee | 1 | $0 |
Sowedi Muyingo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,991,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,142,538 |
| Total Program Service Revenue | $0 |
| Investment income | $278 |
| 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 | $2,624,856 |
| 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. | $347,015 |
| Compensation of current officers, directors, key employees. | $347,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,605 |
| Pension plan accruals and contributions | $55,324 |
| Other employee benefits | $57,886 |
| Payroll taxes | $44,428 |
| Fees for services: Management | $106,812 |
| Fees for services: Legal | $1,492 |
| Fees for services: Accounting | $52,026 |
| 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 | $190,569 |
| Information technology | $19,583 |
| Royalties | $0 |
| Occupancy | $69,091 |
| Travel | $94,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,524 |
| Insurance | $20,934 |
| All other expenses | $7,490 |
| Total functional expenses | $2,888,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,531,299 |
| 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 | $61,711 |
| Net Land, buildings, and equipment | $160,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $197,063 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,402,542 |
| Accounts payable and accrued expenses | $140,373 |
| 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 | $140,373 |
| Net assets without donor restrictions | $4,262,169 |
| Net assets with donor restrictions | $0 |
| 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 | $4,402,542 |