True Africa
- Assets
- $975.8k
- Revenue
- $693.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Timnath, CO
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 48-1288238
Organization Overview
True Africa, operating under the name Technology and Research for Universal Education, is located in Timnath, CO. The organization was established in 2006. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Technology and Research for Universal Education 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, Technology and Research for Universal Education generated $693.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $188.8k during the year ending 12/2022. 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
EMPOWER UGANDAN ORPHANS AND VULNERABLE CHILDREN BY ENHANCING THEIR EDUCATIONAL CONDITIONS AND OPPORTUNITIES THROUGH OUR VALUES OF COOPERATION SUSTAINABILITY OPTIMISM AND VOLUNTEERISM AND PROGRAM SERVICES OF EDUCATION SPONSORSHIPS HUMANITARIAN SPONSORSHIPS AND CARE ITEMS AND SCHOOL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SPONSORSHIP: PROVIDE SCHOOL FEES SCHOOL UNIFORMS & SWEATERS SCHOOL LUNCH TUITION FEES EXERCISE BOOKS & BACKPACK BASIC MEDICAL NEEDS REGULAR SOCIAL WORKER VISITS. TEXTBOOKS COMPUTERS CALCULATORS SCHOOL BOARDING AND BOARDING CASES ARE ALSO PROVIDED BASED ON GRADE LEVEL.
HUMANITARIAN SPONSORSHIP & CARE: 1 HUMANITARIAN SPONSORSHIP: PROVIDE CARE ITEMS INCLUDING BEDDINGS CLOTHING SHOES FOOD GOATS SANITARY PADS FAMILY INCOME PROJECTS AND MEDICAL NEEDS. GRADUATION GIFTS CAN INCLUDE CAREER-RELATED EQUIPMENT. 2 HUMANITARIAN CARE ITEMS: DONORS MAY PROVIDE SPECIFIC CARE ITEMS EITHER FOR SPECIFIC CHILDREN IN NEED OR IN GENERAL WHERE NEEDED.
SCHOOL DEVELOPMENT: 1 CONSTRUCT SCHOOL BUILDINGS INCLUDING CLASSROOMS DORMITORIES TEACHER QUARTERS LATRINES AS WELL WATER SYSTEMS. 2 PROVIDE SUPPLIES FOR TEACHERS CLASSROOMS AND SCHOOLS INCLUDING DESKS TEXTBOOKS CLASSROOM RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Hite President | OfficerTrustee | 5 | $0 |
Julie M Hite Vice President Finance Operations | OfficerTrustee | 20 | $0 |
Melissa H Seager Vice President Child Welfare | OfficerTrustee | 5 | $0 |
Rachel H Eng Vice President Marketing | OfficerTrustee | 5 | $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 | $681,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,271 |
| Total Program Service Revenue | $0 |
| Investment income | $12,404 |
| 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 | $58 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $693,734 |
| 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 | $171,779 |
| 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 | $357 |
| Information technology | $8,444 |
| 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 | $20 |
| Total functional expenses | $188,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,773 |
| Savings and temporary cash investments | $437,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,362 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,639 |
| Investments—publicly traded securities | $203,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $975,795 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $975,795 |
| 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 | $975,795 |