Africa College Fund

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 12/2022, Africa College Fund generated $144.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $212.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

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

GRANTS TO MAHARISHI EDUCATION FOR INVINCIBILITY TRUST - MEIT - IN SOUTH AFRICA, TO GIVE UNEMPLOYED YOUTH A FULL PACKAGE OF SUPPORT, DEGREES THROUGH MAHARISHI UNIVERSITY OF MANAGEMENT, 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 2 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' AND '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.


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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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$143,867
Total Program Service Revenue$0
Membership dues$0
Investment income $141
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$144,008

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Africa College Fund has recieved totaling $666,005.

Awarding OrganizationAmount
Skoll Foundation

Palo Alto, CA

PURPOSE: GENERAL OPERATING SUPPORT

$500,000
The Skoll Fund

Mountain View, CA

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
Global Invincibility Foundation

Fairfield, IA

PURPOSE: EDUCATIONAL

$40,000
Rona And Jeffrey Abramson Foundation

Rockville, MD

PURPOSE: UNRESTRICTED FUNDS

$12,500
Eric Schwartz Fam Foundation

Fairfield, IA

PURPOSE: SUPPORT FIVE INDIVIDUALS IN RECEIVING HIGH-QUALITY PRIVATE EDUCATION

$12,500
Viyu Foundation

Buffalo, NY

PURPOSE: CHARITABLE

$1,000
View Grant Recipient Profile

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