Africas Childrens Fund Inc
- Assets
- $1.4m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Atlanta, GA
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 58-2101991
Organization Overview
Africas Childrens Fund Inc is located in Atlanta, GA. The organization was established in 1996. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Africas Childrens Fund Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africas Childrens Fund Inc 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, Africas Childrens Fund Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 38.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO UNDER SERVED CHILDREN AND THEIR FAMILIES IN USA, AFRICA AND CARIBBEANTO IMPROVE THE QUALITY OF THEIR LIVES AND CIVIC CONTRIBUTION THROUGH EDUCATIONAL , HOUSINGAND MEDICAL PRGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING AND RENTAL ASSISTANCE FOR CITIZENS IN NEED OF FUNDS TO PREVENT FORECLOSING AND EVICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Mbaba Executive Director | Officer | 40 | $0 |
Joycelin Barrett Board Member | Trustee | 4 | $0 |
Lola Mafe Secretary | Trustee | 4 | $0 |
Latonya Pouncey Board Member | Trustee | 5 | $0 |
Diana Miller Board Member | Trustee | 4 | $0 |
Suzette Johnson Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,133 |
| Related organizations | $0 |
| Government grants | $6,088,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,304,288 |
| 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 | $6,304,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,817,268 |
| 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 | $414,942 |
| 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 | $68,098 |
| Advertising and promotion | $1,375 |
| Office expenses | $16,045 |
| Information technology | $259 |
| Royalties | $0 |
| Occupancy | $32,379 |
| Travel | $3,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,417 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,936 |
| Insurance | $14,757 |
| All other expenses | $56,397 |
| Total functional expenses | $5,555,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,360 |
| 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 | $600,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,359,595 |
| Accounts payable and accrued expenses | $531,235 |
| 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 | $531,235 |
| Net assets without donor restrictions | $828,360 |
| 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 | $1,359,595 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Africas Childrens Fund Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: INTERNATIONAL FOREIGN AFFAIRS | $90,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: INTERNATIONAL FOREIGN AFFAIRS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Medical & Dental Society Bristol, TN | $23,493,559 | $15,260,039 |
The Family Health International Foundation Durham, NC | $209,852,985 | -$28,169,505 |
American Nicaraguan Foundation Inc Miami, FL | $7,615,925 | $10,644,031 |
Rafiki Foundation Incorporated Eustis, FL | $23,488,735 | $10,619,159 |
The Bill Gatton Foundation Bristol, TN | $0 | $23,969,446 |
Management Technologies International Inc Newnan, GA | $8,681,139 | $7,735,276 |
Curamericas Global Inc Raleigh, NC | $1,269,317 | $7,228,870 |
A M G International Chattanooga, TN | $17,555,584 | $9,364,805 |
Africas Childrens Fund Inc Atlanta, GA | $1,359,595 | $6,304,288 |
Remote Area Medical Rockford, TN | $17,905,708 | $7,264,096 |
Clean The World Foundation Inc Orlando, FL | $2,032,726 | $4,992,352 |
Global Water Center North Charleston, SC | $6,444,509 | $4,079,316 |