Africa Exchange
- Assets
- $318.7k
- Revenue
- $559.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Grove, NC
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 54-1850816
Organization Overview
Africa Exchange is located in Cedar Grove, NC. The organization was established in 1997. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africa Exchange 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, Africa Exchange generated $559.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $421.8k during the year ending 12/2022. While expenses have increased by 17.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT EDUCATION AND DEVELOPMENT PROGRAMS FOR THE BENEFIT OF CHILDREN AND COMMUNITIES IN MARGINALIZED, RURAL KENYA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEEPING EARTH: SEEKING TO DO OUR PART TO CONSERVE NATUAL ENVIRONMENTS/BIODIVERSITY AND DECREASE VULNERABILITY ASSOCIATED WITH THE EFFECTS OF CLIMATE CHANGE, WE ENGAGE IN ENVIRONMENTAL EDUCATION BEGINNING WITH YOUNG CHILDREN THROUGH TO ENTIRE COMMUNITIES. OUR PRIMARY EFFORTS CENTER AROUND THE ESTABLISHMENT OF TREE NURSERIES AND TREE PLANTING IN OUR "TREES FOR LIFE" PROJECT AS WELL AS RESTORATION OF NATIVE GRASSES FOR GRAZING AND THATCH. WE ALSO SUPPORT PARTNER ENVIRONMENTAL EDUCATION PROJECTS IN SISTER ORGANIZATIONS LIKE THE MAA TRUST.
DEVELOPMENT INITIATIVES: WE SEEK TO BUILD RESILIENCE IN SELECT LOCAL COMMUNITIES THROUGH LEADERSHIP TRAINING, CAPACITY BUILDING AND EDUCATION IN VARIOUS MEANS OF APPROPRIATE TECHNOLOGY. COMMITTEE FORMATION AND RESPONSIBILITIES, SAVINGS GROUPS AND GREEN TECHNOLOGIES ARE ALL MEANS TO THIS END. WE ALSO SUPPORT PILOT INCOME GENERATION PROJECTS LIKE BEE KEEPING AND KITCHEN GARDENS IN AN EFFORT TO DIVERSIFY INCOME STEAMS AND CREATE OPPORTUNITY. OUR OCCASIONAL DISASTER RESPONSE INITIATIVES ARE INTEGRATED INTO THIS PROGRAM.
CHANGE FOR CHILDREN: MEETS THE NEEDS OF VULNERABLE CHILDREN AGED 4-6 YEARS FROM SELECT COMMUNITIES IN EACH PROVINCE OF KENYA. THIS INITIATIVE IS BASED FROM 10 INTEGRATED CHILD DEVELOPMENT CENTERS (ICDCS) OFFERING SUPPLEMENTAL NUTRITION, DEWORMING AND MALARIA PREVENTION, CLEAN WATER AND EDUCATION. FOLLOWING GRADUATION FROM PRIMARY SCHOOL, A FEW CHILDREN "SCHOLARS" ARE SELECTED TO CONTINUE THEIR SECONDARY EDUCATION UNDER FULL SCHOLARSHIP AND ONE OR TWO THROUGH TO UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Harrell Executive Dir. | OfficerTrustee | 0 | $0 |
Melody Harrell Secretary | OfficerTrustee | 0 | $0 |
Dr Nathaniel Robinson Treasurer | OfficerTrustee | 0 | $0 |
Dawn Lee Vice Chair | OfficerTrustee | 0 | $0 |
Rev Daniel Ingram Member | Trustee | 0 | $0 |
Anna Martin Member | Trustee | 0 | $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 | $558,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,751 |
| Total Program Service Revenue | $0 |
| Investment income | $451 |
| 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 | $559,202 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,875 |
| Fees for services: Legal | $1,957 |
| Fees for services: Accounting | $973 |
| 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 | $7,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,801 |
| 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 | $9,341 |
| Total functional expenses | $421,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,330 |
| Total assets | $318,698 |
| Accounts payable and accrued expenses | $1,134 |
| 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 | $1,134 |
| Net assets without donor restrictions | $317,564 |
| Net assets with donor restrictions | $0 |
| 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 | $318,698 |