Asante Africa Foundation Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Livermore, CA
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 71-1010614
Organization Overview
Asante Africa Foundation Inc is located in Livermore, CA. The organization was established in 2008. According to its NTEE Classification (Q33) the organization is classified as: International Relief, 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. Asante Africa 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, Asante Africa Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 7.6% 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 EDUCATE AND EMPOWER THE NEXT GENERATION OF CHANGE AGENTS, WHOSE DREAMS AND ACTIONS TRANSFORM THE FUTURE FOR AFRICA AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP AND ENTREPRENEURSHIP DEVELOPMENT:THIS PROGRAM HAS STRONG EMPHASIS ON PREPARING YOUTH TO DEVELOP STRONG PERSONAL MANAGEMENT SKILLS, STRENGTHENING JOB READINESS, ENTREPRENEURSHIP AND LEADERSHIP SKILLS. ASANTE AFRICA EMPOWERS A NEW GENERATION OF YOUTH IN EAST AFRICA.
ACCELERATED LEARNING IN CLASSROOM AND SCHOLARSHIP:THESE PROGRAMS PROVIDE TEACHERS WITH LEARNER-CENTERED EDUCATIONAL MODELS, INTENSIVE TEACHER TRAINING, AND DIGITAL & LOW-COST RESOURCES WITH A FOCUS ON CREATING A HIGHLY ENGAGING LEARNING ENVIRONMENT FOR STUDENTS AND THE SUPPORT TEACHERS NEED. THE SCHOLARSHIP PROGRAM IS MERIT BASED FOR LOW INCOME FAMILIES FROM RURAL EAST AFRICA.
GIRLS ADVANCEMENT:THIS PROGRAM DIRECTLY ADDRESSES HURDLES TO EDUCATIONAL ATTAINMENT, TO KEEP THE YOUTH MOVING FORWARD FOR ACADEMIC LEARNING AS WELL AS KNOWLEDGE APPLICATION OF CLASSROOM EDUCATION. THIS INCLUDES KEEPING CHILDREN COMING TO SCHOOL BY PROVIDING SUPPORTING INFRASTRUCTURE, SANITATION SERVICES AND A SCHOOL-BASED HYGIENE TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Higgins Board Chairman | OfficerTrustee | 10 | $0 |
Mark Newton Vice-Chairman | OfficerTrustee | 20 | $0 |
Heather Newlin CFO | OfficerTrustee | 10 | $0 |
Monica Hahn Board Secretary | OfficerTrustee | 20 | $0 |
Erna Grasz CEO | OfficerTrustee | 60 | $0 |
Cheryl Nicolson Director | Trustee | 10 | $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 | $1,012,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,012,821 |
| Total Program Service Revenue | $0 |
| Investment income | $622 |
| 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 | $1,013,443 |
| 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 | $1,192,227 |
| 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 | $14,307 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,004 |
| 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 | $0 |
| Total functional expenses | $1,389,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045,685 |
| 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 | $2,740 |
| 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 | $0 |
| Total assets | $1,048,425 |
| Accounts payable and accrued expenses | $20,614 |
| 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 | $20,614 |
| Net assets without donor restrictions | $883,765 |
| Net assets with donor restrictions | $144,046 |
| 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 | $1,048,425 |