Africa College Fund
- Assets
- $250.9k
- Revenue
- $470.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-2028199
Organization Overview
Africa College Fund is located in Fairfield, IA. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, 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 College Fund 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, Africa College Fund generated $470.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $329.1k during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 5 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
AFRICA COLLEGE FUND IS DEDICATED TO EMPOWERING DISADVANTAGED YOUTH WITH TOOLS FOR SUCCESS INCLUDING EDUCATION AND ENTREPRENEURSHIP OPPORTUNITIES. THIS RESULTS IN ERADICATION OF POVERTY THROUGH PROVISION OF QUALITY, EFFECTIVE, CONSCIOUSNESS-BASED UNIVERSITY AND VOCATIONAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO MAHARISHI EDUCATION FOR INVINCIBILITY TRUST - MEIT - IN SOUTH AFRICA, TO GIVE UNEMPLOYED YOUTH A FULL PACKAGE OF SUPPORT: DEGREES THROUGH MAHARISHI INTERNATIONAL UNIVERSITY, FAIRFIELD, IOWA AND PLACES THEM INTO JOBS PART-TIME WHILE THEY ARE STUDYING, AND PERMANENT JOBS IN SA ON GRADUATION. MEIT HAS A 90 PERCENT GRADUATE JOB PLACEMENT RATE, AND OVER 90 PERCENT OF GRADUATES HAVE MAINTAINED EMPLOYMENT BEYOND THE FIRST YEAR OF EMPLOYMENT. THIS IS AMONGST THE HIGHEST SUCCESS RATES IN THE COUNTRY OF SOUTH AFRICA. THE GRANT FUNDING ASSISTED WITH THE EDUCATIONAL COSTS IN ENTIRETY OF YOUTH FOR A FULL YEAR OF UNIVERSITY EDUCATION, AND RELATED COSTS. MEIT HAS GOT TO A POINT OF BEING 85 PERCENT SELF-FUNDING, INCLUDING A PROGRAM CALLED 'LEARN AND EARN' 'PAY IT FORWARD'. THIS IS IN LINE WITH AFRICA COLLEGE FUND'S MISSION OF SUPPORTING NON-PROFIT, TAX-EXEMPT ORGANISATIONS THAT HAVE A FOCUS ON CREATING FINANCIAL SUSTAINABILITY, TO ENSURE LONG TERM SUCCESS. GRANTS ALSO INCLUDE SCHOLARSHIP SUPPORT FOR GIRLS IN THE MAHARISHI INVINCIBILITY SCHOOL OF MANAGEMENT, AS WELL AS ESTABLISHING THE ORGANISATION WITH A NEW UNIVERSITY COLLEGE IN ZAMBIA, CYBERSECURITY PROGRAM IN BRAZIL, AND ESTABLISHING A SISTER GRANT MAKING ORGANISATION IN THE UK.
PAYMENTS TO MAHARISHI INTERNATIONAL UNIVERSITY, FAIRFIELD, IOWA, USA, TO FUND THE USA TUITION FEES FOR DISTANCE EDUCATION UNIVERSITYDEGREE PROGRAMS ON BEHALF OF AFRICAN STUDENTS BASED IN SOUTH AFRICA, THAT ARE STUDYING THROUGH MAHARISHI EDUCATION FOR INVINCIBILITY TRUST (MEIT) IN A '2+2' PROGRAM. THIS MEANS THE HISTORICALLY DISADVANTAGED YOUTH INVOLVED DO THEIR FIRST 2-YEARS OF STUDY IN SOUTH AFRICA, AND THEIR SECOND TWO-YEARS OF STUDY ARE VIA DISTANCE EDUCATION WITH MAHARISHI UNIVERSITY OF MANAGEMENT, BROADCAST FROM THE UNITED STATES TO SOUTH AFRICA. THE PROGRAM IS WORKING HIGHLY EFFECTIVELY, AND AS CITED ABOVE 90% OF GRADUATES HAVE GAINED EMPLOYMENT IN QUALITY GRADUATE LEVEL POSITIONS IN COMPANIES IN SOUTH AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Paul Blecher President And Founder | OfficerTrustee | 10 | $0 |
Heather Hartnett Secretary | Trustee | 1 | $0 |
Anne Marie Blecher Vice President | OfficerTrustee | 3 | $0 |
Keith Wegman Treasurer | Trustee | 1 | $0 |
Rod Peter Falk Administrator | OfficerTrustee | 10 | $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 | $470,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,199 |
| Total Program Service Revenue | $0 |
| Investment income | $177 |
| 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 | $470,376 |
| 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 | $328,419 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $679 |
| Total functional expenses | $329,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $250,937 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,937 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $250,937 |
| 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 | $250,937 |