African Bridge Network is located in Newton, MA. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, African Bridge Network employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Bridge Network 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, African Bridge Network generated $328.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $276.1k during the year ending 12/2022. While expenses have increased by 34.9% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAREER DEVELOPMENT RESOURCES FOR SKILLED IMMIGRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PAID FELLOWSHIP FOR 16 IMMIGRANT PROFESSIONALS AND 15 OF THE FELLOWS HAVE FULL-TIME EMPLOYMENT. SOME OF THE FELLOWS' INCOMES HAVE INCREASED FROM $33,700 TO $70,000 WITHIN A YEAR.
PROVIDED POST-EMPLOYMENT CAREER DEVELOPMENT TO FOREIGN-BORN WORKFORCE
CAREER ADVISING SERVICES FOR SKILLED IMMIGRANTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Emmanuel Owusu Executive Director | Officer | 40 | $70,832 |
Moira Lucey Secretary - Board | Trustee | 5 | $0 |
Peter Obour-Mensah President - Board | Trustee | 10 | $0 |
Robert Kerwin Director - Board | Trustee | 5 | $0 |
Noora Abdulkerim Treasurer - Board | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $95,887 |
All other contributions, gifts, grants, and similar amounts not included above | $233,055 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $328,942 |
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 | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $328,942 |
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. | $73,352 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $172,522 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,979 |
Payroll taxes | $1,245 |
Fees for services: Management | $7,724 |
Fees for services: Legal | $911 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $1,943 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,134 |
Office expenses | $1,577 |
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 | $2,688 |
All other expenses | $0 |
Total functional expenses | $276,075 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $52,867 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $68,809 |
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 | $121,676 |
Accounts payable and accrued expenses | $7,200 |
Grants payable | $0 |
Deferred revenue | $10,448 |
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 | $17,648 |
Net assets without donor restrictions | $35,219 |
Net assets with donor restrictions | $68,809 |
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 | $121,676 |
Over the last fiscal year, we have identified 2 grants that African Bridge Network has recieved totaling $185,000.
Awarding Organization | Amount |
---|---|
World Education Services Inc New York, NY PURPOSE: SIIP DEMO PARTICIPANT | $175,000 |
The Lenny Zakim Fund Inc Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |