The Africa-America Institute

Organization Overview

The Africa-America Institute is located in New York, NY. The organization was established in 1954. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Africa-America Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africa-America Institute 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, Africa-America Institute generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH SCHOLARSHIPS AND CONVENINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AAI'S AFRICAN HIGHER EDUCATION PROGRAM MANAGES SCHOLARSHIPS AND OTHERWISE PROVIDES OPPORTUNITIES FOR AFRICAN MEN AND WOMEN TO RECEIVE ADVANCED ACADEMIC, PROFESSIONAL, AND LEADERSHIP TRAINING WITHIN AND OUTSIDE AFRICA.


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Board, Officers & Key Employees

Name (title)Compensation
Kofi Appenteng
President & CEO
$231,254
Mora Mclean
Aai Historian
$122,077
Ambar Tavarez
Chief Financial Officer
$100,950
Nik Amarteifio
Trustee
$0
Peter Mckillop
Trustee
$0
Steven Pfeiffer
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Glow Media Marketing
Gala & Soe
$128,290
Fiscal Management Associates
Finance And Accounting Services
$111,576
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$85,103
Related organizations$0
Government grants $136,494
All other contributions, gifts, grants, and similar amounts not included above$1,740,239
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,961,836
Total Program Service Revenue$0
Investment income $77,658
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $237,555
Net Income from Fundraising Events -$111,104
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,165,945

Grants Recieved

Over the last fiscal year, we have identified 14 grants that The Africa-America Institute has recieved totaling $4,610,116.

Awarding OrganizationAmount
Foundation To Promote Open Society

New York, NY

PURPOSE: TO PROVIDE GENERAL SUPPORT

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF GENERAL OPERATIONS.

$1,000,000
Ford Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$250,000
Kresge Foundation

Troy, MI

PURPOSE: THIS GRANT PROVIDES PROJECT SUPPORT TO THE AFRICA AMERICA INSTITUTE (AAI) TO LAUNCH THE TEACHING AFRICA FOR EQUITY AND ACHIEVEMENT INITIATIVE IN DETROIT, PILOTING AT THE SCHOOL AT MARYGROVE, TO PROVIDE DETROIT STUDENTS WITH EDUCATIONALLY ENRICHING AND TRANSFORMATIVE EXPERIENCES OF LEARNING ABOUT AFRICA AND ITS GLOBAL DIASPORA.

$150,000
View Grant Recipient Profile

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