Dikembe Mutombo Foundation Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 58-2359589
Organization Overview
Dikembe Mutombo Foundation Inc is located in Atlanta, GA. The organization was established in 1999. 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 12/2023, Dikembe Mutombo Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dikembe Mutombo Foundation 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 12/2023, Dikembe Mutombo Foundation Inc generated $58.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH, EDUCATION, AND THE QUALITY OF LIFE FOR THE PEOPLE IN THE DEMOCRATIC REPUBLIC OF THE CONGO. THE FOUNDATION IS SUPPORTED THROUGH DONOR CONTRIBUTIONS AND GRANTS.
Describe the Organization's Program Activity:
Part 3
SAMUEL MUTOMBO INSTITUTE OF SCIENCE AND ENTREPRENEURSHIP - THE SCHOOL OPENED ITS DOORS THIS YEAR TO STUDENTS FROM PRE-K TO GRADE 6 FROM THE CITY OF MBUJI-MAYI (KASAI PROVINCE) AND SURROUNDING COMMUNITIES, PROVIDING STUDENTS WITH ACCESS TO A SUPERIOR EDUCATION AND EMPOWERING THEM TO REACH THEIR BEST POTENTIAL IN LIFE. THE MIDDLE SCHOOL AND HIGH SCHOOL ARE STILL UNDER CONSTRUCTION, BUT ONCE COMPLETE, THE TOTAL ENROLLMENT WILL BE 840 STUDENTS,
SPONSORSHIPS - THE FOUNDATION HAS SPONSORED INDIVIDUALS FROM THE DEMOCRATIC REPUBLIC OF THE CONGO IN THE PAST AND CONTINUES TO SPONSOR ONE DURING 2022. EXPENSES PAID ON THEIR BEHALF INCLUDE HOUSING, EDUCATION, HEALTH INSURANCE, MEDICAL CARE, ETC. STIPENDS ARE PROVIDED FOR EVERYDAY EXPENSES.
DMF OFFICE IN THE CONGO - AS A RESULT OF HAVING OUTSIDE PROFESSIONALS LOOK INTO THE FOUNDATION'S BOOKS AND RECORDS, IT WAS DISCOVERED THAT THE OFFICE IN THE CONGO IS CONSIDERED PART OF THE US OFFICE. IN THE PAST, WE PROVIDED CHARITABLE CONTRIBUTIONS TO THE OFFICE, BUT NOW WE TRANSFER FUNDS TO A BANK ACCOUNT IN THE CONGO (ACCOUNT OWNED BY DMF). THE OFFICE PROVIDES BOTH THE SCHOOL AND THE HOSPITAL WITH A NUMBER OF ADMINISTRATIVE ADVANTAGES AND PROVIDES TRANSPORTATION, SUPPLIES, ETC. FOR STAFF AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bayard Hollingsworth President/ceo | 5 | $0 | |
Gregory R Sawers Director | 1 | $0 | |
Lucy Gailbraith Director | 1 | $0 | |
Peter J Tucci ESQ Director | 1 | $0 | |
Lester Coney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,903 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,022 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,583 |
| Total Revenue | $58,508 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,649 |
| Professional fees and other payments to independent contractors | $113,753 |
| Occupancy, rent, utilities, and maintenance | $9,391 |
| Printing, publications, postage, and shipping | $135 |
| Other expenses | $1,404,015 |
| Total expenses | $1,692,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |