Eastern Congo Initiative
- Assets
- $9.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 01/2012
- Data as of
- 03/2023
- EIN
- 45-4103655
Organization Overview
Eastern Congo Initiative is located in Minneapolis, MN. The organization was established in 2012. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 03/2023, Eastern Congo Initiative employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Congo Initiative 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 03/2023, Eastern Congo Initiative generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.9m during the year ending 03/2023. While expenses have increased by 9.1% per year over the past 8 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING, BUILDING MARKETS, AND ADVOCACY: ECI WORKS WITH THE MOST INNOVATIVE COMMUNITY-BASED ORGANIZATIONS IN EASTERN DRC TO FIND CONGOLESE SOLUTIONS TO CONGOLESE CHALLENGES. WE PROVIDE GRANTS AND ADMINISTRATIVE SUPPORT TO HELP OUR PARTNER ORGANIZATIONS CREATE SUSTAINABLE OPPORTUNITIES FOR ECONOMIC DEVELOPMENT, ACCESS TO JUSTICE, MATERNAL AND CHILD HEALTH, AND ACCESS TO EDUCATION AND INFORMATION. WE CONNECT CONGOLESE FARMERS WITH GLOBAL MARKETS FOR COFFEE AND COCOA. AND WE ADVOCATE RELENTLESSLY, IN THE U.S. AND AROUND THE WORLD, TO INCREASE THE QUALITY AND QUANTITY OF INVESTMENT IN THE LIMITLESS POTENTIAL OF THE DRC.
WATER ACTIVITIES: THROUGH OUR ASILI SOCIAL ENTERPRISE PLATFORM, ECI PROVIDES AFFORDABLE, CONSISTENT ACCESS TO CLEAN WATER AT MEMBERSHIP-BASED KIOSKS IN SOUTH KIVU.
HEALTH ACTIVITIES: ANOTHER ASILI SERVICE IS WORLD-CLASS PRIMARY HEALTHCARE SERVICES AT COMMUNITY CLINICS, AT PRICES LOCAL FAMILIES CAN AFFORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Affleck Co Founder-Board President | OfficerTrustee | 1 | $0 |
Whitney Williams Board Vice-Chair | Trustee | 1 | $0 |
Mvemba Dizolele Board Secretary | OfficerTrustee | 1 | $0 |
Nima Taghavi Board Member | OfficerTrustee | 1 | $0 |
David Segel Board Member | Trustee | 1 | $0 |
Maura O'neill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,000 |
| Related organizations | $1,399,529 |
| Government grants | $1,398,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,360,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,249,076 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $193,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,430,160 |
| 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 | $344,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,366 |
| Compensation of current officers, directors, key employees. | $155,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $972,319 |
| Pension plan accruals and contributions | $49,755 |
| Other employee benefits | $242,301 |
| Payroll taxes | $89,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,172 |
| Fees for services: Accounting | $89,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $551,543 |
| Advertising and promotion | $31,889 |
| Office expenses | $178,864 |
| Information technology | $21,202 |
| Royalties | $0 |
| Occupancy | $98,916 |
| Travel | $312,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,319 |
| Insurance | $65,705 |
| All other expenses | $63,633 |
| Total functional expenses | $3,930,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,070,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $561,041 |
| Accounts receivable, net | $21,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,555 |
| Prepaid expenses and deferred charges | $31,248 |
| Net Land, buildings, and equipment | $2,178,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,947 |
| Total assets | $9,024,161 |
| Accounts payable and accrued expenses | $424,437 |
| 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 | $15,763 |
| Total liabilities | $440,200 |
| Net assets without donor restrictions | $6,321,416 |
| Net assets with donor restrictions | $2,262,545 |
| 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 | $9,024,161 |