Amani Foundation Inc
- Assets
- $572.8k
- Revenue
- $378.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Chattanooga, TN
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 62-1745187
Organization Overview
Amani Foundation Inc is located in Chattanooga, TN. The organization was established in 2000. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Amani Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amani 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 12/2022, Amani Foundation Inc generated $378.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $396.0k during the year ending 12/2022. While expenses have increased by 1.0% 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
RECEIPTS FROM THE SALE OF AFRICAN CRAFTS ARE USED TO SUPPORT MARGINALISED AFRICAN WOMEN AND THEIR CHILDREN AS A WAY OF SELF-SUSTENANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIPTS FROM THE SALE OF AFRICAN CRAFTS ARE USED TO SUPPORT MARGINALISED AFRICAN WOMEN AND THEIR CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Chinchen President | OfficerTrustee | 20 | $16,000 |
Joanna Vaughn Secretary | OfficerTrustee | 40 | $4,500 |
Terry Parsons Board Member | Trustee | $0 | |
Nathan Thompson Board Chair | Trustee | $0 | |
Peter Vaugn Board Member | Trustee | 20 | $0 |
Dan Wykoff Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,673 |
| Noncash contributions included in lines 1a–1f | $781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,458 |
| 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 | $129,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,178 |
| 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 | $88,710 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,272 |
| Advertising and promotion | $10,481 |
| Office expenses | $38,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,373 |
| Travel | $19,197 |
| 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 | $9,247 |
| Insurance | $14,762 |
| All other expenses | $0 |
| Total functional expenses | $396,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,403 |
| 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 | $657 |
| Net Land, buildings, and equipment | $169,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,103 |
| Total assets | $572,829 |
| Accounts payable and accrued expenses | $22,162 |
| 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 | $22,162 |
| Net assets without donor restrictions | $127,649 |
| Net assets with donor restrictions | $423,018 |
| 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 | $572,829 |