Umsizi Fund
- Assets
- $9.8m
- Revenue
- $438.0k
- Investments
- $3.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-1723396
Organization Overview
Umsizi Fund is located in Wilmington, DE. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Umsizi 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 12/2021, Umsizi Fund generated $438.0k 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 (19.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Umsizi Fund has awarded 68 individual grants totaling $2,704,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Edgar Brakeman III Dir, Sec, Treas, VP | 1 | $0 | |
Amy Brakeman Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $176,605 |
| Interest on Savings | $2,146 |
| Dividends & Interest | $30,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,427 |
| Capital Gain Net Income | $25,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $203,207 |
| Total Revenue | $438,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,669 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,770 |
| Total operating and administrative expenses | $75,532 |
| Contributions, gifts, grants paid | $970,000 |
| Total expenses and disbursements | $1,045,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $993,720 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,138,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,171,532 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,870,394 |
| Total assets | $9,835,337 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Umsizi Fund has awarded $970,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $630,000 |
New York, NY PURPOSE: AFRICAN VISIONARY FUND | $253,000 |
New York, NY PURPOSE: AKIRACHIX | $40,000 |
Denver, CO PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
Bethesda, MD PURPOSE: IMPACTASSETS ACCOUNT OF THE 1TO4 FOUNDATION | $10,000 |
TONIIC INSTITUTE PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Enoch Trust Pennington, NJ | $132,750,633 | $20,236,013 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |