Nafasi Fund
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-5363891
Organization Overview
Nafasi Fund is located in Huntsville, AL. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nafasi Fund 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, Nafasi Fund generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
TO UNDERGIRD THE POWERFUL WORK OF BLACK-LED ORGANIZATIONS BY CONNECTING THEM TO THE OPPORTUNITIES, CAPACITY AND SPACE THEY NEED TO INCREASE THEIR EFFECTIVENESS AND GROW INDEPENDENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO QUALIFIED BLACK-LED ORGANIZATIONS HELPING THEM TO SEIZE ON OPPORTUNITIES AND GROW THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Bryant Board Chairman | Officer | 2 | $0 |
Bomani Johnson Secretary | Officer | 1 | $0 |
William Buster Member | Trustee | 1 | $0 |
Toya Randall Member | Trustee | 1 | $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 | $1,200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,000 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,200,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $748,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $335,020 |
| Fees for services: Legal | $7,273 |
| 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 | $7,306 |
| Office expenses | $11,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,109,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,279 |
| 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 | $0 |
| Total assets | $1,420,294 |
| Accounts payable and accrued expenses | $27,623 |
| 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 | $27,623 |
| Net assets without donor restrictions | $0 |
| 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 | $1,420,294 |
Grants Awarded
Over the last fiscal year, Nafasi Fund has awarded $0 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: General Operating Support | $0 |
Los Angeles, CA PURPOSE: General Operating Support | $0 |
Seattle, WA PURPOSE: General Operating Support | $0 |
New Orleans, LA PURPOSE: General Operating Support | $0 |
Oakland, CA PURPOSE: General Operating Support | $0 |
Savannah, GA PURPOSE: General Operating Support | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nafasi Fund has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |
Pga Tour Charities Inc Ponte Vedra Beach, FL | $3,965,513 | $4,568,205 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Project Lift Inc Palm City, FL | $4,577,307 | $5,295,911 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |